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DAILY COMMODITY REPORT 1ST FEBRUARY 2013

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HEADLINES
US jobs data, lower inflation may pressure gold. Gold is likely to be under pressure after prices dropped in the global market on signs that inflation in general is receding and employers in the US perhaps provided more jobs in January. A fall in inflation cuts into the appeal for gold that is seen as a hedge against soaring prices of commodities. The rising rupee, in demand from institutions abroad to invest in stocks and other markets, is also likely to add to the pressure. A higher rupee makes import of commodities such as gold, crude oil and vegetable oils cheaper. Copper surges on US monetary hopes. Copper prices hit a three and a half month high on supported by hopes of continued US monetary stimulus. But they later eased back on profit-taking. Copper was also supported by early speculative buying ahead of the Chinese official purchasing managers index, scheduled to be published later this week. The HSBC PMI data released last week showed the January data at a two-year high.

TRADING TIP:

Sell Gold Apr Below 30500 TGTS-30400/30300 SL-30600

Sell Zinc Feb Below 113.35 TGTS-112.80/112 SL- 113.90

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI GUR JEERA

7/19/2012 7/19/2012 7/19/2012 7/19/2012 7/19/2012

4556 5060 1188 14955 1044

4573 5060 1188 14960 1053

4525 5018 1178 14650 1035

4560 5120

4532 5018 1178 14800 1041 -0.15 42435 0.10 781.3 4315 -2.05 4540 -1.15 1282 -0.04

-28 -102 -5.5 -252.5 -8 45 -1.55 12 -124 36

-0.61 -1.99 -0.46 -1.68 -0.76 5202.00 0.11 979.10 -0.2 0.28 57849.00 -2.66 29871.00 2.89 129.90

DAILY MARKET STATISTICS


1183.5 15052.5 1049

Symbol

Expiry Date

PCP

% Change

LTP

KAPAS

Crude Oil PEPPER 7/19/2012 Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012

19-Feb-13 42300 42555 28-feb-13 780.5 783.6 4309 5-Mar-13 4330 4600 4676 5-Feb-13 1251 28-feb-13 1282

5210.00 42250 42390 975.00 777.4 782.85 4265.5 59061.00 4303 4518 4664 30217.00 1251 129.95 1246

Zinc

28-feb-13

113.65

0.26

113.95

Copper

28-Feb-13

442.10

-0.46

440.05

Aluminium

28-feb-13

110.00

0.45

110.50

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DAILY MCX GOLD CHART

ANALYSIS
OPEN: 30200 HIGH: 30248 LOW: 29794 CLOSE: 29871

GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

DAILY MCX SILVER CHART

ANALYSIS
OPEN: 59051 HIGH: 59084 LOW: 57472 CLOSE: 57849

SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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