Kediacommodity Daily Report 08042009

COMMODITIES FUTURES UPDATE AS ON 8TH APRIL 2009 GOLD

INTERNATIONAL UPDATE PARTICULARS

RATE 1.3166

-0.75

RUPEE :

50.570

1.18

SILVER$ : PLATINUM $ : CRUDE$ :

886.8

0.35

12.340

0.41

1155

-0.65

48.11

1.86

STOCKS UPDATE: NAME NASDAQ :

% 1275.42

-2.87

SHICOM :

2385.3

-2.21

STRAITS :

1765.21

-2.06

NIKKEI :

8561.24

-3.07

DJ :

7789.56

-2.34

815.55

-2.39

14324.75

-4.05

FTSE : HANSANG :

CRUDE

COPPER

RUPPE WEAKNESS WILL SUPPORT BULLION IN MORNING SESSION. BELOW 890$ TGT IS 862$ ELSE A JUMP TILL 898$ SELL FOR TG 862$

CRUDE SOME SELLING PRESSURE AS INVENTORY IS EXPECTED HIGER.

COPPER SOME PULLBACK TILL 215-216 WILL BE GOOD TO BUY TGT 234 LVL FOR THIS WEEK

ÊÆ

Æ

Ê

%

EURO : GOLD$ :

SILVER

TIME: -10.40 IST

GOLD BELOW 890$ LOOK WEAK TILL FOR THE NEXT SUPPORT AT 862$ ELSE ABV 890$ CAN JUMP TILL 898$ ONCE. BASEMETAL LOOKING BULLISH SOME DIP IS GOOD TO ADD LONG.

NICKEL

PEPPER

MENTHOL

RUPEE

NICKEL LOOK BULLISH ABV 522 LEVEL RESISTANCE IS AT 560 LEVEL

ANY DIP TILL 11800 BUY FOR TGT 12400

MENTHOL LOOKING WEAK AND BERISH ONLY OVERALL TGT IS 520 LEVEL

RUPEE WEAK LOOK LOOK TILL 50.40 LEVEL ONCE

Ê

ÌÊ

ÆÌ

¨

TODAYS MARKET CALLS GOLD TRADING RANGE 13860-14580. GOLD BELOW 890$ LOOK WEAK TILL FOR THE NEXT SUPPORT AT 862$ ELSE ABV 890$ CAN JUMP TILL 898$ ONCE. BUY GOLD JUNE ABV 14325 SL 14280 TGT 14356-14390-14435-14472. MCX SELL GOLD JUNE @ 14480-520 TGT 14422-14370-14345-14298-14262. MCX SILVER TRADING RANGE IS 20380-21400. AS TOLD SILVER BELOW 12.64 LOOK TO TAKE SUPPORT AT 12.22$ SELL SILVER MAY @ 20780-820 SL 20890 TGT 20722-20640-20565-20450.MCX A BREAK BELOW 20760 WILL FIND THE SUPPORT AT 20480-20100 LEVELS. OVERALL TRADING RANGE IS 20100-20850 LEVEL CRUDE TRADING RANGE IS 2380-2580. TODAY CRUDE OIL INVENTORIES IS EXPECTED 1.4M VS 2.8M CRUDE BELOW 50$ LOOK TILL 46.50$ ON MCX BELOW 2500 LOOK WEAK SELL CRUDE APR BELOW 2480 SL 2512 TGT 2465-2438-2420. MCX BUY CRUDE ON DIP @ 2380-2400 SL 2365 TGT 2412-2438-2460-2480. MCX COPPER TRADING RANGE IS 205-226.20. COPPER YESTERDAY JUMPED ON LME STOCK AND RALLY IN SHANGHAI MARKET AFTER HOLIDAY MKT IS EXPECTING DEMAND AFTER A MEET AS THEY AGREED A $1.1 TRILLION PACKAGE SOME PROFIT BOOKING CAN BE SEEN AS IMP RESISTANCE IS AT 222.80 LEVELS AND SUPPORT 218.60. BUY COPPER APR @ 216-217 SL 213.80 TGT 218.50-219.60-220.80-222.80. MCX ZINC TRADING RANGE IS 64-70.50. AS TOLD ZINC THIS WEEK LOOKING STRONG TILL 68 LEVEL LAST WEEK WE HAVE SEEN THE SAME. NOW SOME CONSOLIDATION CAN BE SEEN IN THE RANGE IS 65-70 LEVEL SELL ZINC APR BELOW 68 SL 69.30 TGT 67.80-66.60-66. MCX BUY ZINC ON SOME DIP TILL 65.50-66 SL 64.20 TGT 67.40-68.20-68.90. MCX NICKEL TRADING RANGE IS 515-578. WE HAVE SEEN THE RALLY IN NICKEL AS PER EXPECTATION ABV 522 LEVEL. TECHNICALLY NICKEL IS GETTING A STRONG SUPPORT AT 10400$ ON LME AND 518 ON MCX. SELL NICKEL APR BELOW 541 SL 546.20 TGT 538.60-534.80-531.40. MCX BUY NICKEL APR @ 525-528 SL 520 TGT 532.20-536.50-540. MCX ABV 546 LOOK TILL 555 LEVEL.

GET SAMPLE SM S“SAMPLE REPORT” ON 09819296333

GUAR TRADING RANGE IS 1680-1778. SELL GUAR APR BELOW 1770 SL 1792 TGT 1756-1748-1435. NCDEX ON STRONG EXPORT DEMAND FROM CHINA AND FIRM SPOT AS SUPPOTING THE PRICES PEPPER TRADED IN THE RANGE OF 11500-12425. SOME PROFIT BOOKING CAN DIP THE PRICES TILL 11870-11950 LEVEL SELL PEPPER APR BELOW 12220 SL 12340 TGT 12165-12080-11960. NCDEX BUY PEPPER APR ON DIP @ 11800-11900 SL 11680 TGT 11980-12056-12170-12280. NCDEX MENTHOL TRADING RANGE IS 535-570. MENTHAOIL SPOT IS AT 593/- SPOT IS FLAT AND DOWN BY 2-3RS. SELL MENTHOL APR ON JUMP @ 556-558 SL 561.20 TGT 553.50-550.80-547.60-544.60. MCX OVERALL BELOW 554 LOOK BERISH TILL 520 LEVEL

PIVOT TABLE NAME

OPEN

HIGH

LOW

CLOSE

OPEN INT

Change in Rs.

Change in %

Volume

RSI (18 DAYS)

ENERGY COMPLEX NATURAL GAS

APRIL

181.20

182.00

181.20

181.60

9457

0.5

0.28

588

33

MAY

189.80

190.80

189.80

190.50

1531

0.6

0.32

107

1.28

INTRA-DAY LEVEL FOR

Support

Sup-1

Sup-2

Sup-3

181.2

180.8

180.4

Res-1

Res-2

Res-3

182.0

182.4

182.8

APRIL MONTH

Resistance

P.POINT WEAK 181.6

BASEMETAL COMPLEX ZINC

MARCH

65.90

66.45

65.25

66.30

505

0.70

1.06

2274

64.96

APRIL

66.95

66.95

66.35

66.45

2820

-0.55

-0.82

824

58.07

INTRA-DAY LEVEL

Support

Sup-1

Sup-2

Sup-3

65.6

64.8

64.4

Res-1

Res-2

Res-3

66.8

67.2

68.0

MARCH MONTH

Resistance

P.POINT POSITIVE 66.0

NICKEL

APRIL

551.00

552.00

547.00

549.00

755

-4.2

-0.83

95

1.07

MAY

551.00

552.00

547.00

549.00

756

-3.5

-0.63

95

1.07

INTRA-DAY LEVEL FOR

Support

Sup-1

Sup-2

Sup-3

546.7

544.3

541.7

Res-1

Res-2

Res-3

551.7

554.3

556.7

APRIL MONTH

Resistance

P.POINT WEAK 549.3

LEAD

APRIL

66.30

66.40

65.85

66.00

1592

-0.45

-0.68

343

55.9

MAY

66.80

66.80

66.30

66.30

84

-0.9

0

9

64.66

INTRA-DAY LEVEL FOR

Support

Sup-1

Sup-2

Sup-3

65.8

65.5

65.2

Res-1

Res-2

Res-3

66.3

66.6

66.9

APRIL MONTH

Resistance

P.POINT WEAK 66.1

ALUMINIUM

APRIL

72.10

72.60

72.10

72.50

749

-0.05

-0.07

42

56.69

MAY

73.45

73.70

73.30

73.50

80

-0.25

0

7

58.88

INTRA-DAY LEVEL FOR

Support

Sup-1

Sup-2

Sup-3

72.2

71.9

71.7

Res-1

Res-2

Res-3

72.7

72.9

73.2

APRIL MONTH

Resistance

P.POINT POSITIVE 72.4

NAME

OPEN

HIGH

LOW

CLOSE

OPEN INT

Change in Rs.

Change in %

Volume

RSI (18 DAYS)

10

0

9

72.25

MCX - OTHER ITEMS CARDAMOM

APRIL INTRA-DAY LEVEL FOR

APRIL MONTH

671.8 Support Resistance

673.0

666.0

673.0

Sup-1

Sup-2

Sup-3

668.3

663.7

661.3

Res-1

Res-2

Res-3

675.3

677.7

682.3

159 P.POINT

WEAK 670.7

MENTHOL - OIL

APRIL

553.0

MAY

537.5

INTRA-DAY LEVEL FOR

APRIL MONTH

Support Resistance

553.7

546.7

546.7

1048

-8.3

-1.5

204

49.82

391

-7.5

-1.39

30

49.1

538.0

532.2

532.5

Sup-1

Sup-2

Sup-3

544.4

542.0

537.4

Res-1

Res-2

Res-3

551.4

556.0

558.4

P.POINT WEAK 549.0

REF.SOYAOIL

APRIL

465.4

MAY

470.0

INTRA-DAY LEVEL FOR

APRIL MONTH

Support Resistance

469.0

465.4

467.1

937

2.8

0.6

87

61.69

765

2

0.43

156

63.96

472.0

470.0

470.5

Sup-1

Sup-2

Sup-3

465.3

463.6

461.7

Res-1

Res-2

Res-3

468.9

470.8

472.5

P.POINT WEAK 467.2

CRUDE PALM OIL

APRIL

328.9

MAY

331.8

INTRA-DAY LEVEL FOR

APRIL MONTH

Support Resistance

329.9

328.4

329.5

975

2.9

0

52

66.3

294

2.4

0

21

62.03

333.0

331.6

332.6

Sup-1

Sup-2

Sup-3

328.6

327.8

327.1

Res-1

Res-2

Res-3

330.1

330.8

331.6

P.POINT POSITIVE 329.3

RAW JUTE

APRIL

2343

MAY

2394

INTRA-DAY LEVEL APRIL MONTH

Support Resistance

2351

2340

2343

614

-1.5

0

104

66.93

237

6

0

7

70.86

2400

2394

2400

Sup-1

Sup-2

Sup-3

2338

2334

2327

Res-1

Res-2

Res-3

2349

2356

2360

P.POINT WEAK 2345

POTATO - AGRA

APRIL INTRA-DAY LEVEL APRIL MONTH

759.50 Support Resistance

766.00

757.00

760.50

Sup-1

Sup-2

Sup-3

756.3

752.2

747.3

Res-1

Res-2

Res-3

765.3

770.2

774.3

528

3.5

0.46

79

P.POINT WEAK 761.2

75.23

NAME

OPEN

HIGH

LOW

CLOSE

OPEN INT

Change in Rs.

Change in %

Volume

RSI (18 DAYS)

NCDEX AGRO ITEMS CASTOR SEED

APRIL

462.0

MAY

465.5

INTRA-DAY LEVEL FOR

APRIL MONTH

Support Resistance

464.0

460.0

460.0

2350

-2.4

-0.52

390

58.83

2950

-2.00

-0.43

200

56.41

467.0

462.1

462.1

Sup-1

Sup-2

Sup-3

458.7

457.3

454.7

Res-1

Res-2

Res-3

462.7

465.3

466.7

P.POINT WEAK 461.3

CHILLI

APRIL

5250

5251

5161

5164

1425

-114.00

-2.16

175

49.3

JUNE

5520

5520

5453

5453

1310

-109.00

-2

95

49.09

INTRA-DAY LEVEL

Support

Sup-1

Sup-2

Sup-3

5133

5102

5043

Res-1

Res-2

Res-3

5223

5282

5313

APRIL MONTH

Resistance

P.POINT WEAK 5192.0

COCUDCAKE

MAY

554.0

JUNE

562.0

INTRA-DAY LEVEL FOR

MAY MONTH

Support Resistance

557.7

553.9

557.2

37530

4.4

0.76

6,000

62.08

3340

5.4

0.96

310

63.22

567.0

562.0

567.0

Sup-1

Sup-2

Sup-3

554.8

552.5

551.0

Res-1

Res-2

Res-3

558.6

560.1

562.4

P.POINT POSITIVE 556.3

GUAR GUM

APRIL

3720

3788

3681

3735

3295

-14

-0.37

515

71.06

MAY

3800

3840

3771

3810

15710

-2

-0.05

1,790

73.23

INTRA-DAY LEVEL FOR

Support

Sup-1

Sup-2

Sup-3

3681.3

3627.7

3574.3

Res-1

Res-2

Res-3

3788.3

3841.7

3895.3

APRIL MONTH

Resistance

P.POINT POSITIVE 3734.7

GUAR SEED

APRIL

1774

1794

1768

1782

44680

-3

-0.17

12,300

74.58

MAY

1802

1829

1800

1815

160040

-2

-0.11

72,460

75.45

JUNE

1832

1855

1830

1842

27610

-2

-0.11

6,440

76.52

INTRA-DAY LEVEL FOR

Support

Sup-1

Sup-2

Sup-3

1769

1755

1743

Res-1

Res-2

Res-3

1795

1807

1821

APRIL MONTH

Resistance

P.POINT POSITIVE 1781

PEPPER

APRIL

12260

MAY

12400

12500

JUNE

12660

12675 Sup-1

Sup-2

Sup-3

12207.7

12136.3

12092.7

Res-1

Res-2

Res-3

12322.7

12366.3

12437.7

INTRA-DAY LEVEL FOR

APRIL MONTH

Support Resistance

12295

12180

12279

2447

12375

12476

3199

12560

12637

351

40

0.29

750

69.94

22

0.18

749

71.03

48

0.38

22

73.7

P.POINT POSITIVE 12251.3

NAME

OPEN

HIGH

LOW

CLOSE

OPEN INT

Change in Rs.

Change in %

Volume

RSI (18 DAYS)

JEERA

MAY

12640

12700

12575

12670

11001

-36

-0.28

2208

63.2

JUNE

12795

12898

12765

12867

3600

-34

-0.26

411

66.92

INTRA-DAY LEVEL FOR

Support

MAY MONTH

Resistance

Sup-1

Sup-2

Sup-3

12597

12523

12472

Res-1

Res-2

Res-3

12722

12773

12847

5440

5345

5390

16930

-64

-1.17

8,110

65.38

35380

-71

-1.27

9,670

65.9

P.POINT POSITIVE 12648

TURMERIC

APRIL

5416

MAY

5537

INTRA-DAY LEVEL FOR

APRIL MONTH

Support Resistance

5552

5464

5504

Sup-1

Sup-2

Sup-3

5343

5297

5248

Res-1

Res-2

Res-3

5438

5487

5533

P.POINT WEAK 5392

MUSTARD SEED

MAY

479.50

486.55

479.50

485.70

94060

8

1.59

34,380

71.94

MAY

479.50

486.55

479.50

485.70

94060

8

1.67

34,380

71.94

INTRA-DAY LEVEL FOR

Support

Sup-1

Sup-2

Sup-3

481.3

476.9

474.2

Res-1

Res-2

Res-3

488.3

491.0

495.4

2206

2178

MAY MONTH

Resistance

P.POINT POSITIVE 483.9

SUGAR M 200

APRIL

2178

MAY

2294

INTRA-DAY LEVEL FOR

APRIL MONTH

Support Resistance

2197

45680

29

1.34

14,100

66.78

56440

26

1.14

16,790

68.3

2312

2292

2298

Sup-1

Sup-2

Sup-3

2181

2166

2153

Res-1

Res-2

Res-3

2209

2222

2237

P.POINT POSITIVE 2194

YELLOW MAIZE

APRIL

0.00

0.00

0.00

0.00

0

0

0

0

0

MAY

860.50

872.50

860.00

866.50

2440

-3

-0.35

90

58.19

INTRA-DAY LEVEL FOR

Support

Sup-1

Sup-2

Sup-3

0.0

0.0

0.0

Res-1

Res-2

Res-3

0.0

0.0

0.0

APRIL MONTH

Resistance

P.POINT WEAK 0.0

SOYA BEAN

APRIL

2520

2548

2510

2543

54650

20.50

0.81

12,130

72.35

MAY

2523

2556

2513

2549

78370

20.50

0.81

33,320

73.58

Sup-1

Sup-2

Sup-3

2519

2496

2481

Res-1

Res-2

Res-3

2557

2572

2595

INTRA-DAY LEVEL FOR

APRIL MONTH

Support Resistance

P.POINT POSITIVE 2533.5

OPEN INT

Change in Rs.

Change in %

Volume

RSI (18 DAYS)

1048

9710

25.2

2.54

5,420

86.22

4750

22.8

2.18

1,320

83.52

NAME

OPEN

HIGH

LOW

CLOSE

JULY

1028

1050

1028

SEPT

1062

GUR

INTRA-DAY LEVEL FOR

JULY MONTH

Support Resistance

1069

1051

1067

Sup-1

Sup-2

Sup-3

1034

1020

1012

Res-1

Res-2

Res-3

1056

1064

1078

P.POINT POSITIVE 1042

STEEL LONG

APRIL

20220

20300

20100

20240

15900

-10

0.3

330

37.57

MAY

20760

20770

20660

20660

9810

-230

-1.1

290

41.47

INTRA-DAY LEVEL FOR

Support

APRIL MONTH

Resistance

Sup-1

Sup-2

Sup-3

20127

20013

19927

Res-1

Res-2

Res-3

20327

20413

20527

P.POINT POSITIVE 20213

CHANA

APRIL

2305

2330

2301

2325

24320

2

0.09

6,920

59.82

MAY

2364

2385

2355

2381

54390

0

0.04

21,300

62.06

INTRA-DAY LEVEL FOR

Support

Sup-1

Sup-2

Sup-3

2307

2290

2278

Res-1

Res-2

Res-3

2336

2348

2365

APRIL MONTH

Resistance

P.POINT POSITIVE 2319

ECONOMICAL DATA LATEST Date Time Currency Data Wed 12:30am USD Consumer Credit m/m 8-Apr 11:30am EUR German Trade Balance 12:15pm EUR French Trade Balance 3:30pm EUR German Factory Orders m/m 7:30pm USD Wholesale Inventories m/m 8:00pm USD Crude Oil Inventories 11:30pm USD FOMC Meeting Minutes

Forecast Previous -2.2B 8.1B 7.5B 8.3B -4.2B -4.5B -2.40% -8.00% -0.60% -0.90% 1.4M 2.8M

KING OF MARKET: - GOLD, SILVER & CRUDE COMMODITIES Close Resistance

Support

Special Remark

GOLD June

SILVER May

COPPER Apr

CRUDE Apr

GOLD $

SILVER $

14297 14552 14450 14365 14264 14178 14077 13991 13771

20502 21114 20902 20690 20478 20266 20054 19842 19809

220.40 227.60 225.20 223.60 222.70 218.20 216.80 213.70 211.20

2495 2610 2574 2538 2516 2456 2422 2399 2365

886.60 900.50 894.25 889.00 882.75 877.50 871.25 866.00 852.40

12.30 12.68 12.55 12.42 12.29 12.16 12.03 11.90 11.88

COPPER A DIP TILL 214-215 IS GOOD TO BUY OVERALL ABV 212 TGT IS 234 LEVEL

CRUDE SOME DIP CAN BE SEEN BEFORE INVENTROY BUYING WILL BE SEEN AT 2380 LEVEL

RUPEE IS WEAK CAN SUPPORT BULLION ON MCX

GOLD IMP RESISTANCE IS AT 890$ ABOVE THIS CAN JUMP TILL 894-899 LEVEL OVERALL BELOW 890$ TARGET IS OPEN FOR 862-840$

NEWS YOU CAN USE NCDEX urges FMC to reconsider order on transaction charges: India`s second-largest commodity futures bourse has requested the Forward Markets Commission (FMC), to reconsider its order of withdrawing transaction charges. The NCDEX has submitted an application to the regulator to reconsider the order that quashed an exchange circular, which sought to reduce transaction charges from an average of Rs 3.46 to 5 paise on every trade worth Rs 1 lakh after 5 p.m. Commenting on the same FMC chairman BC Khatua confirmed his office had received a submission from the NCDEX, requesting the regulator to reconsider its order and the commission is in the process of examining its contents. The internal note also responds to observations made by the regulator with regard to diverting monies from the Settlement Guarantee Fund (SGF) and certain financial `irregularities` which the exchange says are extraneous to the issue of transaction charges. IMF sitting on gold reserves of USD 95 billion: The IMF, which has been authorised by the G-20 leaders to sell gold to assist poor countries, is sitting on reserves of the yellow metal of 3,217 tonnes, valued at USD 95 billion. The IMF, the third-largest official holder of gold in the world, has been directed by the G-20 leaders at their recent summit in London to generate additional resources by selling gold to provide USD 6 billion concessional loans to low-income nations over the next 2 to 3 years. The US has the largest official reserves of gold in the world, followed by Germany at around 3,400 tonnes. Market value of its 3,217 tonnes of gold was USD 95.2 billion as on February 20, 2008. The IMF has also been directed by G-20 leaders to come up with concrete proposals for gold sale at the spring meetings to be held in Washington on April 25-26. The proposal to sell 403.3 tonnes of the Fund's gold, said IMF Survey online, was agreed on last year as part of a plan to bolster the income of the multilateral organisation. The decision, it added, would require the support of 85 per cent of the Fund's executive board, in addition to legislative action by several member countries, including the US. ECB gold sales: The ECB announced Wednesday that its gold sales were in full conformity with the second Central Banks Gold Agreement, which was signed in 2004 by the ECB and other European major official gold holders. The ECB didn't elaborate how it plans to use the proceeds. The second CBGA, which caps total gold sales of the signatories at 500 tons a year, expires in September. Some analysts expect a third CBGA to be signed before September. The IMF has planned to sell 403 tons of gold to diversify its revenue and strengthen its balance sheet. Some investors are worried that the IMF sale could pressure gold prices, although the fund has said it plans to coordinate closely with CBGA signatories to minimize the impact of this large gold sale. IMF gold sales are likely to be made "off-market" to help countries with huge dollar reserves, such as China, Japan and Russia, to diversify their reserve portfolio without disrupting the gold markets.

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KEDIA COMMODITIES Mumbai. INDIA. Mobile: 09323406035 / 09819296333 Email: [email protected], URL: www.kediacommodity.com Note: Buy at supports and sell at target. Support broken becomes resistance and a resistance broken becomes support. Always use Stop-loss never average loss making positions. This report is based on previous closing. levels may change based on next day’s opening price. Please register on the site for daily levels. Yahoo messenger id is for getting latest levels on your messenger. The call expires once the target is achieved or the stop-loss is hit. The calls given in this report are valid only for the current day. A trader should understand that, he/she should not carry forward the trade, unless explicitly stated. Date Source: MCX, NCDEX, COMEX, NYMEX, and other Exchange. Disclaimer: The calls made herein are for informational purpose and report contains only the viewpoints. We make no representation or warranty regarding the correctness, accuracy or completeness of any information, and is not responsible for errors of any kind though the information obtained from the sources, which is believed to be reliable. The information contained herein is strictly confidential and is meant for the intended recipients. Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of the information without prior consent of Kedia Commodities is prohibited. The information and data are derived from the source that are deemed to be reliable the above calls are based on the theory of Technical Analysis. Neither the company nor its employee is responsible for the Profit (es) & loss (es) arising due to the trader(s). The commodities and derivatives discussed and opinions expressed in this report may not be suitable for all investors falling under different jurisdictions. All futures entail significant risk, which should be fully understood prior to . Consult your Investment Advisor / Broker before making any investment. www.kediacommodity.com