NAME OP EN HI GH L OW CLOSE % CNG GOLD 22077 22172 21875 21986 -0.61 SILVER 70600 73600 66832 70129 -0.93 GOLD 1506.4 1508 1495 1498.25 - 0.57 SILVER 46.89 47.15 44.6 45.06 -3.9 PLATINUM 1818.49 1824 1791.5 1801.49 -0.94 NAME OPEN HIGH LOW CLOSE % CNG CRUDE 5022 5075 4956 5003 -0.3 N.GAS 196.7 198.1 193 194.3 -1.44 CRUDE 112.34 113.48 111.08 112.28 -0.053409 NAME OPEN HIGH LOW CLOSE % CNG COPPER 432.5 432.5 417.65 421.9 -2.62 ZINC 105.1 105.2 100.8 102.4 -2.49 NICKEL 1205.4 1205.4 1153.1 1168 -3.24 LEAD 117 117 110.7 113.25 -3.4 ALUMINIUM 122.4 122.4 119.5 120.95 -0.95 COPPER 9518 9518 9382.5 9416.25 -2.74 2575 ZINC 2330 2330 2255.5 2274.75 -3.85 2200 NICKEL 26510 2735 25850 26000 -3.31 -270 LEAD 2560 2560 2522 2535 -2.42 2675 ALUMINIUM 2735 2560 2702 2715 -1.09 -1725 SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX 19 48 9. 36 58 45 23 83 .7 2 133 5. 25 84 85 .2 5 124 79 .8 8 95 41 .0 1 29 37 .7 3 220 9. 49 23 85 1. 67 74 .1 4 -0.5 -0.5 0.27 -0.16 -0.22 -0.21 -1.36 -0.92 -0.31 -1.2 0.21 Daily Commodity Market Update as on Tuesday, April 26, 2011 PRECIOUS METALS COMPLEX ENERGY COMPLEX Gold prices recoil ed from early gains afte r touc hing a rec ord high with volati lity spikin g to its highest since November. Silver pulled back sharply when a failure to pierce the all time high from 1980 unleashed a wave oftechnical selling amid record volume in U.S. futures. SPOT $ MCX Oil prices fell as investors took profits on a sell off in silver from near reco rd highs . Natur al gas yes terd ay ended down as mild U.S. weather temp ered deman d for the heating and power-plant fuel. BASEMETAL COMPLEX Base me tals ended lo wer ahead of possibly weak economic data from the United States and Britain this wee k. Tight credit c ondit ion s in Chin a als o pla yed a part in the weak performances of base metals. LME STOCK SPOT $ MCX LM E MCX COPPER ZINC NICKEL LEAD ALUMINIUM 456275 814300 117942 304625 Strictly for private circulation 4603075 Page No. 1 www.sharetipsexpert.com GLOBAL MARKETS UPDATE
Gold prices recoiled from early gains on profit booking after touching a record high with volatility
spiking to its highest since November. Concerns about rising inflation in many parts of the worldhave made precious metals attractive to investors. Participants will be focused on the Federal Open
Market Committee meeting Tuesday and Wednesday and the subsequent news conference by Fed
Chairman Ben Bernanke. In his first-ever post-policy-meeting press conference, most expect
Bernanke to reiterate the current policy of keeping interest rates low and allowing the Fed's
"quantitative easing" program to run out in June. Now technically market is trading in the range as
RSI for 18days is currently indicating 66.39, where as 50DMA is at 21298.14 and gold is trading
above the same and getting support at 21850 and below could see a test of 21714 level, And
resistance is now likely to be seen at 22147, a move above could see prices testing 22308.
-134
-0.61
66832
RE CNG
OPEN
22077
HIGH
22172
OPEN
70600
HIGH
73600
12630
LOW
21875
35894
OI
% CNG
VOLUME
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OI
13037
CLOSE
INTRADAY LEVELS
219929
-0.93
VOLUME
Spot silver surged more than 5 percent to above $49 ounce on Monday in early trades, buoyed by a
weak dollar and strong physical demand in Asia that also propelled gold to a record high for a
seventh consecutive session. Silver surged as much as 8 percent on Monday before pulling back
sharply when a failure to pierce the all time high from 1980 unleashed a wave of technical selling
amid record volume in U.S. futures. Holdings in the iShares Silver Trust, the world's largest silver-
backed exchange-traded fund, had risen by 2.2 percent from April 21 to a lifetime high of 11,390.06
tonnes by April 25, as silver prices surged towards their 1980 peaks. Now technically market is in
overbot as RSI for 18days is currently indicating 85.85, where as 50DMA is at 56794.54 and silver is
trading above the same and getting support at 66774 and below could see a test of 63419 level, And
resistance is now likely to be seen at 73542, a move above could see prices testing 76955.
Copper yesterday traded with the negative node and settled -2.62% down at 421.9 tracking
shanghai copper which closed lower on Monday, tracking losses in U.S. futures, which dropped as
much as 1.3 percent, ahead of possibly weak economic data from the United States and Britain this
week.The LME market is still closed for the Easter break. The US Department of Commerce
announced on April 25th that new housing sales for March rose by 11.1% to a 300,000 annual pace,
higher that economists prediction of 280,000. Market players are now unwilling to buy or sell US
dollars before the interest rate meeting on Thursday, sending the US dollar index lower slightly.
Later, the S&P affirmed the credit rating cut to A-minus and negative outlook for California, further
weighing on market confidence. For today's session market is looking to take support at 415.5, a
break below could see a test of 409.2 and where as resistance is now likely to be seen at 430.4, a
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80749
OI
15402
HIGH
432.5LOW
417.65
CLOSE
421.9
15674
RE CNG
-15
INTRADAY LEVELSCrude fell more than $1 in international where as on MCX closed near to 5000 mark, snapping three
days of gains. Saudi Aramco chief executive Khalid al-Falih said on Tuesday key producer SaudiArabia was not comfortable with current oil prices. "We are not comfortable with oil prices where
they are today...I am concerned about the impact it could have on the global economy," Falih told
an industry gathering in Seoul. Crude futures look to trade weak as investors were uncertain
whether the U.S. Federal Reserve would signal a change in its easy monetary policy after a two-day
meeting of policymakers that concludes on Wednesday. The United States is considering sanctions
against Syrian government officials to increase pressure on President Basher al-Assad to end a
violent crackdown on protesters, a U. S. official said on Monday. Now crude is getting support at
4948 and below could see a test of 4892 level, and resistance is now likely to be seen at 5067, a
INTRADAY LEVELSNickel yesterday traded with the negative node and settled -3.24% down at 1168 tracking prices in
the Shanghai nickel spot market fluctuated widely last week. In response to Monday’s LME price
slump, Jinchuan Group cut ex-works nickel prices to RMB 193,000/mt last Tuesday, causing spot
nickel prices to also move lower. As LME nickel prices gradually rebounded, spot prices also rallied
later, leading Jinchuan Group to adjust prices upward to RMB 195,000/mt on Thursday. As of last
Thursday, mainstream traded prices for nickel from Jinchuan Group were between RMB 196,500-
197,000/mt, while mainstream traded prices for nickel from Russia were RMB 195,500-196,000/mt.
Overall trading sentiment was relatively quiet last week, but Tuesday's spot price slump attracted
bargain hunters, causing transactions to turn brisk last Tuesday. For today's session market is
looking to take support at 1145.6, a break below could see a test of 1123.2 and where as resistance
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% CNG
-3.24
VOLUME
24866
OI
6930
HIGH
1205LOW
1153
CLOSE
1168
8813
RE CNG
-2.55
INTRADAY LEVELS
Zinc yesterday traded with the negative node and settled -2.49% down at 102.4 tracking last week'sweakness, where zinc prices fell and stabilized at lower levels. Standard and Poor’s planned to
downgrade the US sovereign debt rating due to long-term deficits. The US dollar index rebounded to
75.0-75.5, pushing down LME zinc prices on Tuesday to USD 2,301/mt, but prices later rallied to
between USD 2,340-2,370/mt. In yesterday's trading session zinc has touched the low of 100.8 after
opening at 105.1, and finally settled at 102.4. For today's session market is looking to take support
at 100.4, a break below could see a test of 98.4 and where as resistance is now likely to be seen at
104.8, a move above could see prices testing 107.2.
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193
CLOSE
194.3
-1.44
OI
3754
RE CNG
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5058
RE CNG
LOW
OI
VOLUME
2188
INTRADAY LEVELSAluminium yesterday traded with the negative node and settled -0.95% down at 120.95 as the US
Commerce Department announced that new home sales in March rose by 11.1% on a monthly basisto an annual rate of 300,000, better than market expectations. Standard & Poor's cut California's
main debt rating to A- and put a negative outlook on its debt rating, causing investors to become
cautiously pessimistic. As a result, the US dollar index was mixed and finally closed at 74.098, and
NEMEX crude oil prices also fell slightly to USD 111/bbl. LME aluminum prices opened slightly lower
at USD 2,735/mt, and are expected to move between USD 2,700-2,750/mt in view of high crude oil
prices. In yesterday's trading session aluminium has touched the low of 119.5 after opening at
122.4, and finally settled at 120.95. For today's session market is looking to take support at 119.5, a
break below could see a test of 118.1 and where as resistance is now likely to be seen at 122.4, a
-2.8
INTRADAY LEVELSNatural gas yesterday traded with the negative node and settled -1.44% down at 194.3 as mild U.S.
weather tempered demand for the heating and power-plant fuel. Gas for prompt delivery at U.S.
hubs served by Canadian pipelines rose amid speculation that warm weather in the Northeast and
severe weather in producing regions could crimp short-term supplies. The number of active rigs
drilling for natural gas in the U.S. in the week ended April 15 declined for the third consecutive
week, falling to 878 from 885. In yesterday's trading session natural gas has touched the low of 193
after opening at 196.7, and finally settled at 194.3. For today's session market is looking to take
support at 192.2, a break below could see a test of 190 and where as resistance is now likely to be
seen at 197.3, a move above could see prices testing 200.2.
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High prices in the local market have made Indian cardamom uncompetitive overseas. Top rival Guatemala has
regained its market share in the Middle East, the world's biggest market for this fragrant pod. Guatemala edged out
India last year in cardamom exports to the Gulf region by selling $3 to $5 lower than Indian prices per kg. India wasa predominant supplier to the global market as Guatemalan production slumped on inclement weather in 2009-10.
India exported a record 1,975 tonne during that period. But the country has managed to ship just 865 tonne in April-
February 2010-11. "India was selling at $30 a kg while Guatemalan cardamom went at $25 to $27 per kg in the
international market," said leading exporter Nityanandan of SPG Ramaswamy Nadar & Sons . As the domestic
prices went below Rs 900 a kg, the growers held on to their stocks expecting better prices. When the supply thinned,
Indian cardamom became costly in the global market. Though the prices have rebounded to around Rs 1,000 per kg
now, good quality cardamom has become scarce. "We are cautious about shipping second-grade quality. If more
good quality cardamom was available, India could have exported at least 500 tonne more," Nityanandan said. In
2009-10, bulk of the exports happened before the spot cardamom prices went above Rs 1,000 per kg, said PC
Punnoose, general manager of Kerala Cardamom Processing and Marketing Co-operative Society (KPMC). The
cardamom prices rose to a high of Rs 1,700 per kg before falling to Rs 1,200 early 2011.
Wheat procurement is proceeding at a snail's pace this year, courtesy an extended winter and unseasonal rains that
have delayed harvesting. The latest information from the Food Corporation of India (FCI) as shows only 44.56 lakh
tonnes (lt) of grain to have arrived in mandis during the ongoing 2011-12 rabi marketing season (April-June) against
131.24 lt during the corresponding period of 2010-11.Of the 44.56 lt, the FCI and State agencies have procured
38.38 lt. That includes 17.61 lt — out of total arrivals of 17.62 lt — from Haryana, 14.10 lt (17.48 lt) from Madhya
Pradesh, 6.02 lt (6.05 lt) from Punjab, 0.45 lt (1.15 lt) from Uttar Pradesh and 0.11 lt (1.89 lt) from Gujarat. The
unseasonal rains since Sunday have been accompanied by hailstorms in some places. In these areas, some lodging of
grain and yield losses is expected. But in 90 per cent or more area, the standing crop is yet to be harvested and
farmers will probably wait till the skies clear totally.
Indian overnight indexed swaps ( OIS )) eased marginally on Monday in the absence of a bond sale this week and as
traders unwound paid positions to book profits after the sharp rise in rates last week. The benchmark five-year swap
rate was at 8.24 percent, down two basis points from its close on Thursday. Last Wednesday, it had risen to 8.30
percent, its highest since Oct. 1, 2008. The one-year rate was at 7.79 percent, compared with its previous close of
7.80 percent when it had touched 7.81 percent, its highest since Oct. 8, 2008. India's central bank on Saturday
announced new short-term borrowing limits for the federal government, saying the maximum it can borrow under the
ways and means advances (WMA) is 300 billion rupees for April 1 to April 20 and 450 billion rupees for the April 21 to
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