COMMODITIES FUTURES UPDATE AS ON 8TH APRIL 2009 TIME: -10.

40 IST

INTERNATIONAL UPDATE GOLD SILVER CRUDE COPPER

PARTICULARS RATE %
EURO : 1.3166 -0.75 RUPPE WEAKNESS WILL SUPPORT BULLION IN CRUDE SOME SELLING COPPER SOME PULLBACK
MORNING SESSION. BELOW 890$ TGT IS 862$ ELSE A PRESSURE AS TILL 215-216 WILL BE
RUPEE : 50.570 1.18 JUMP TILL 898$ SELL FOR TG 862$ INVENTORY IS EXPECTED GOOD TO BUY TGT 234
HIGER. LVL FOR THIS WEEK
GOLD$ : 886.8 0.35
SILVER$ : 12.340 0.41
PLATINUM $ :
CRUDE$ :
1155
48.11
-0.65
1.86
ÊÆ Æ Ê
NICKEL PEPPER MENTHOL RUPEE
STOCKS UPDATE:
NAME % NICKEL LOOK MENTHOL LOOKING
RUPEE WEAK LOOK
BULLISH ABV 522 ANY DIP TILL 11800 WEAK AND BERISH
NASDAQ : 1275.42 -2.87 LOOK TILL 50.40
LEVEL RESISTANCE IS BUY FOR TGT 12400 ONLY OVERALL TGT IS
LEVEL ONCE
SHICOM : 2385.3 -2.21 AT 560 LEVEL 520 LEVEL

STRAITS : 1765.21 -2.06

NIKKEI : 8561.24 -3.07 Ê ÌÊ ÆÌ ¨
DJ : 7789.56 -2.34
FTSE : 815.55 -2.39
TODAYS MARKET CALLS
HANSANG : 14324.75 -4.05
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
GOLD BELOW 890$ LOOK SELL GOLD JUNE @ 14480-520 TGT 14422-14370-14345-14298-14262. MCX
WEAK TILL FOR THE NEXT
SUPPORT AT 862$ ELSE ABV SILVER TRADING RANGE IS 20380-21400. AS TOLD SILVER BELOW 12.64 LOOK TO TAKE
SUPPORT AT 12.22$
890$ CAN JUMP TILL 898$
SELL SILVER MAY @ 20780-820 SL 20890 TGT 20722-20640-20565-20450.MCX
ONCE. 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
BASEMETAL LOOKING BULLISH 2.8M CRUDE BELOW 50$ LOOK TILL 46.50$ ON MCX BELOW 2500 LOOK WEAK
SOME DIP IS GOOD TO ADD SELL CRUDE APR BELOW 2480 SL 2512 TGT 2465-2438-2420. MCX
LONG. 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.

GUAR TRADING RANGE IS 1680-1778.

GET SAMPLE SELL GUAR APR BELOW 1770 SL 1792 TGT 1756-1748-1435. NCDEX
SM S- ON STRONG EXPORT DEMAND FROM CHINA AND FIRM SPOT AS SUPPOTING THE PRICES

“SAMPLE REPORT” PEPPER TRADED IN THE RANGE OF 11500-12425.

SOME PROFIT BOOKING CAN DIP THE PRICES TILL 11870-11950 LEVEL
ON 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
09819296333
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
Change Change RSI
NAME OPEN HIGH LOW CLOSE OPEN INT Volume
in Rs. in % (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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
181.2 180.8 180.4
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 181.6
MONTH 182.0 182.4 182.8

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 Sup-1 Sup-2 Sup-3
Support P.POINT
LEVEL 65.6 64.8 64.4
POSITIVE
MARCH Res-1 Res-2 Res-3
Resistance 66.0
MONTH 66.8 67.2 68.0

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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
546.7 544.3 541.7
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 549.3
MONTH 551.7 554.3 556.7

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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
65.8 65.5 65.2
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 66.1
MONTH 66.3 66.6 66.9

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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
72.2 71.9 71.7
POSITIVE
APRIL Res-1 Res-2 Res-3
Resistance 72.4
MONTH 72.7 72.9 73.2
 Change Change RSI
NAME OPEN HIGH LOW CLOSE OPEN INT Volume
in Rs. in % (18 DAYS)
MCX - OTHER ITEMS
CARDAMOM
APRIL 671.8 673.0 666.0 673.0 159 10 0 9 72.25
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
668.3 663.7 661.3
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 670.7
MONTH 675.3 677.7 682.3

MENTHOL - OIL

APRIL 553.0 553.7 546.7 546.7 1048 -8.3 -1.5 204 49.82
MAY 537.5 538.0 532.2 532.5 391 -7.5 -1.39 30 49.1
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
544.4 542.0 537.4
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 549.0
MONTH 551.4 556.0 558.4

REF.SOYAOIL

APRIL 465.4 469.0 465.4 467.1 937 2.8 0.6 87 61.69

MAY 470.0 472.0 470.0 470.5 765 2 0.43 156 63.96
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
465.3 463.6 461.7
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 467.2
MONTH 468.9 470.8 472.5

CRUDE PALM OIL

APRIL 328.9 329.9 328.4 329.5 975 2.9 0 52 66.3
MAY 331.8 333.0 331.6 332.6 294 2.4 0 21 62.03
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
328.6 327.8 327.1
POSITIVE
APRIL Res-1 Res-2 Res-3
Resistance 329.3
MONTH 330.1 330.8 331.6

RAW JUTE

APRIL 2343 2351 2340 2343 614 -1.5 0 104 66.93

MAY 2394 2400 2394 2400 237 6 0 7 70.86
INTRA-DAY Sup-1 Sup-2 Sup-3
Support P.POINT
LEVEL 2338 2334 2327
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 2345
MONTH 2349 2356 2360

POTATO - AGRA
APRIL 759.50 766.00 757.00 760.50 528 3.5 0.46 79 75.23
INTRA-DAY Sup-1 Sup-2 Sup-3
Support P.POINT
LEVEL 756.3 752.2 747.3
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 761.2
MONTH 765.3 770.2 774.3
 Change Change RSI
NAME OPEN HIGH LOW CLOSE OPEN INT Volume
in Rs. in % (18 DAYS)
NCDEX AGRO ITEMS
CASTOR SEED
APRIL 462.0 464.0 460.0 460.0 2350 -2.4 -0.52 390 58.83
MAY 465.5 467.0 462.1 462.1 2950 -2.00 -0.43 200 56.41
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
458.7 457.3 454.7
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 461.3
MONTH 462.7 465.3 466.7

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 Sup-1 Sup-2 Sup-3
Support P.POINT
LEVEL 5133 5102 5043
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 5192.0
MONTH 5223 5282 5313

COCUDCAKE
MAY 554.0 557.7 553.9 557.2 37530 4.4 0.76 6,000 62.08
JUNE 562.0 567.0 562.0 567.0 3340 5.4 0.96 310 63.22
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
554.8 552.5 551.0
POSITIVE
MAY Res-1 Res-2 Res-3
Resistance 556.3
MONTH 558.6 560.1 562.4

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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
3681.3 3627.7 3574.3
POSITIVE
APRIL Res-1 Res-2 Res-3
Resistance 3734.7
MONTH 3788.3 3841.7 3895.3

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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
1769 1755 1743
POSITIVE
APRIL Res-1 Res-2 Res-3
Resistance 1781
MONTH 1795 1807 1821

PEPPER
APRIL 12260 12295 12180 12279 2447 40 0.29 750 69.94
MAY 12400 12500 12375 12476 3199 22 0.18 749 71.03
JUNE 12660 12675 12560 12637 351 48 0.38 22 73.7
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
12207.7 12136.3 12092.7
POSITIVE
APRIL Res-1 Res-2 Res-3
Resistance 12251.3
MONTH 12322.7 12366.3 12437.7
 Change Change RSI
NAME OPEN HIGH LOW CLOSE OPEN INT Volume
in Rs. in % (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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
12597 12523 12472
POSITIVE
MAY Res-1 Res-2 Res-3
Resistance 12648
MONTH 12722 12773 12847

TURMERIC
APRIL 5416 5440 5345 5390 16930 -64 -1.17 8,110 65.38
MAY 5537 5552 5464 5504 35380 -71 -1.27 9,670 65.9
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
5343 5297 5248
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 5392
MONTH 5438 5487 5533

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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
481.3 476.9 474.2
POSITIVE
MAY Res-1 Res-2 Res-3
Resistance 483.9
MONTH 488.3 491.0 495.4

SUGAR M 200
APRIL 2178 2206 2178 2197 45680 29 1.34 14,100 66.78
MAY 2294 2312 2292 2298 56440 26 1.14 16,790 68.3
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
2181 2166 2153
POSITIVE
APRIL Res-1 Res-2 Res-3
Resistance 2194
MONTH 2209 2222 2237

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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
0.0 0.0 0.0
WEAK
APRIL Res-1 Res-2 Res-3
Resistance 0.0
MONTH 0.0 0.0 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
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
2519 2496 2481
POSITIVE
APRIL Res-1 Res-2 Res-3
Resistance 2533.5
MONTH 2557 2572 2595
 Change Change RSI
NAME OPEN HIGH LOW CLOSE OPEN INT Volume
in Rs. in % (18 DAYS)
GUR

JULY 1028 1050 1028 1048 9710 25.2 2.54 5,420 86.22
SEPT 1062 1069 1051 1067 4750 22.8 2.18 1,320 83.52
INTRA-DAY LEVEL Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
1034 1020 1012
POSITIVE
JULY Res-1 Res-2 Res-3
Resistance 1042
MONTH 1056 1064 1078

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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
20127 20013 19927
POSITIVE
APRIL Res-1 Res-2 Res-3
Resistance 20213
MONTH 20327 20413 20527

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 Sup-1 Sup-2 Sup-3
FOR
Support P.POINT
2307 2290 2278
POSITIVE
APRIL Res-1 Res-2 Res-3
Resistance 2319
MONTH 2336 2348 2365

ECONOMICAL DATA LATEST

Date Time Currency Data Forecast Previous
Wed 12:30am USD Consumer Credit m/m -2.2B 8.1B
8-Apr 11:30am EUR German Trade Balance 7.5B 8.3B
12:15pm EUR French Trade Balance -4.2B -4.5B
3:30pm EUR German Factory Orders m/m -2.40% -8.00%
7:30pm USD Wholesale Inventories m/m -0.60% -0.90%
8:00pm USD Crude Oil Inventories 1.4M 2.8M
11:30pm USD FOMC Meeting Minutes

KING OF MARKET: - GOLD, SILVER & CRUDE

GOLD SILVER COPPER CRUDE
COMMODITIES GOLD $ SILVER $
June May Apr Apr

Close 14297 20502 220.40 2495 886.60 12.30

14552 21114 227.60 2610 900.50 12.68
Resistance 14450 20902 225.20 2574 894.25 12.55
14365 20690 223.60 2538 889.00 12.42
14264 20478 222.70 2516 882.75 12.29
14178 20266 218.20 2456 877.50 12.16
Support 14077 20054 216.80 2422 871.25 12.03
13991 19842 213.70 2399 866.00 11.90
13771 19809 211.20 2365 852.40 11.88
CRUDE SOME DIP
COPPER A DIP GOLD IMP RESISTANCE IS AT
CAN BE SEEN
TILL 214-215 IS 890$ ABOVE THIS CAN JUMP
RUPEE IS WEAK CAN SUPPORT BEFORE INVENTROY
Special Remark BULLION ON MCX
GOOD TO BUY
BUYING WILL BE
TILL 894-899 LEVEL OVERALL
OVERALL ABV 212 BELOW 890$ TARGET IS OPEN
SEEN AT 2380
TGT IS 234 LEVEL FOR 862-840$
LEVEL
 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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