Intraday Silver Tips Mcx Silver Commodity Trading Tips Free Trial

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Daily Commodity Market Update as on Monday, January 03, 2011

PRECIOUS METALS COMPLEX

NAME OPEN HIGH LOW CLOSE % CNG

GOLD 20740 20764 20735 20750 0.11

SILVER 46250 46308 46228 46264 0.10

GOLD 1419.45 1421.10 1413.90 1417.50 -0.14

SILVER 30.84 30.93 30.63 30.78 -0.26

PLATINUM 1767.75 1771.50 1761.50 1771.50 0.21

Gold edged lower on Monday, after finishing 2010 with a

near 30 percent gain, pressured by a rebound in the

dollar, while silver retreated from a 30-year high hit

earlier in the day.SPOT $

MCX


CRUDE 4094 4100 4086 4087 -0.02

N.GAS 197.50 198.90 197.50 198.80 0.50

Crude oil eased but held above the $91 a barrel mark on

optimism the gathering momentum in the global

economic recovery would drive demand growth and send

prices into triple-digit territory later this year. Warmer

weather forecasts after the blizzard that pummeled the

U.S. Northeast have cast doubts on sustained domestic

MCX

ENERGY COMPLEX

CRUDE 89.95 92.06 89.05 91.45 1.67


demand for heating fuel, and could cap gains in oil

prices. Nat.Gas look to trade in the range 195-204 with a

positve node. as short-covering and forecasts for colder

BASEMETAL COMPLEX

Base metal last week jumped and settled on dollar

MCX

. . . . .

ZINC 109.95 110.05 109.70 109.85 0.05

NICKEL 1116.20 1126.50 1116.20 1124.30 0.60

LEAD 115.40 115.50 115.25 115.45 0.17

ALUMINIUM 110.75 110.9 110.6 110.8 -0.05

COPPER 0.00 0.00 0.00 0.00 0.00 5050

ZINC 0.00 0.00 0.00 0.00 0.00 3075

COPPER

ZINC

376000

701700

weakness, in today’s session market look to trade in the

range as LME will be closed so no major move is expected

in the market some profit booking can be seen.

LME STOCKLM E

. . . . .

NICKEL 0.00 0.00 0.00 0.00 0.00 -276

LEAD 0.00 0.00 0.00 0.00 0.00 -850

ALUMINIUM 0.00 0.00 0.00 0.00 0.00 8025

SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX

20653.49 6176.6 2217.86 1257.64 7964.4 11577.51 10228.92 2808.08 2065.84 23377.65 79.33

GLOBAL MARKETS UPDATE

4280600

NICKEL

LEAD

ALUMINIUM

135444

206850

0.7 0.68 -0.35 -0.03 0.16 0.07 0 1.76 0.72 1.49 0.32

Page No. 1www.sharetipsexpert.comStrictly for private circulation



OPEN

20740

HIGH

F U T U R

E LOW

20735

% CNG

VOLUME

20764

CLOSE

20750

0.11

X

G O L D

INTRADAY LEVELS

16023

1709

OI

RE CNG

22

P.P. 20750

SUP 1 RES 1

20735 20764

SUP 2 RES 2

20721 20779

SUP 3 RES 3

20706 20793

M C

o oo o e ge ower, a er n s ng w a near percen ga n, pressure y a

rebound in the dollar. The dollar was a touch firmer, after ending a volatile 2010 a bit higher,

with investors gearing up for gains in early 2011 on expectations the U.S. economic recovery

was gaining momentum. Now technically market is trading in the range as RSI for 18days is

currently indicating 59.21, where as 50DMA is at 20489.36 and gold is trading above the

same and getting support at 20735 and below could see a test of 20721 level, And resistance

is now likely to be seen at 20764, a move above could see prices testing 20779.

LOW

U R

E46308

46228

OPEN

46250

HIGH

V E R F U

RE CNG

46264

% CNG

OI

15380

2279

0.10

VOLUME

P.P. 46267

SUP 1 RES 1

46225 46305

SUP 2 RES 2 M C X S

I

Strong last week gains in base metals saw supportive for the silver, Spot silver touched a 30-

year high of $30.93 an ounce earlier, but eased to $30.67. Holdings in the world's largest

silver-backed exchange-traded fund, iShares Silver Trust, rose for the first time since Dec 17

to 10,921.57 tons by Dec 31 from 10,903.34 tons. Now technically market is trading in the

range as RSI for 18days is currently indicating 70.49, where as 50DMA is at 42585.76 and

47

INTRADAY LEVELS

46187 46347

SUP 3 RES 3

46145 46385

Strictly for private circulation

silver is trading above the same and getting support at 46225 and below could see a test of

46187 level, And resistance is now likely to be seen at 46305, a move above could see prices

testing 46347.

www.sharetipsexpert.com Page No. 2



OPEN

4094

HIGH

F U T U R E 4100

LOW

4086CLOSE

4087

% CNG

-0.02

VOLUME

C R U D E

3174

OI

27148

RE CNG

-1

INTRADAY LEVELS

Crude oil eased today in the morning session, but held above the $91 a barrel mark on optimism the P.P. 4091

SUP 1 RES 1

4082 4096

SUP 2 RES 2

4077 4105

SUP 3 RES 3

4068 4110

M C

gathering momentum in the global economic recovery would drive demand growth and send prices into

triple-digit territory later this year. Warmer weather forecasts after the blizzard that pummeled the U.S.

Northeast have cast doubts on sustained domestic demand for heating fuel, and could cap gains in oil

prices. Iran's OPEC governor said on Friday the global demand for OPEC oil will increase in 2011, oil

ministry website SHANA reported. Now technically market is trading in the range as RSI for 18days is

currently indicating 55.62, where as 50DMA is at 3986.86 and crude is trading above the same and getting

support at 4082 and below could see a test of 4077 level, And resistance is now likely to be seen at 4096, a

move above could see prices testing 4105.

T U R

EOPEN

439.30

HIGH

439.70LOW

438.9

P P E R F U 439.55

% CNG

0.01

VOLUME

2970

OI

34706

RE CNG

P.P. 439.4

SUP 1 RES 1

439.1 439.9

SUP 2 RES 2 M C X C

O

Copper prices have climbed above the USD 9,500/mt mark last week, but will experience consolidations at

the mark in the short term. Some bounce can be seen after a strong 7.1 magnitude earthquake hit central

Chile on Sunday, driving panicked residents from their homes due to fears of a tsunami but causing no

injuries or damage. In yesterday's trading session copper has touched the low of 438.9 after opening at

439 3 and finall settled at 439 55 For toda 's session market is lookin to take su ort at 439 1 a break

0.05

INTRADAY LEVELS

438.6 440.2

SUP 3 RES 3

438.3 440.7

. , an na y se e a . . or o ay s sess on mar e s oo ng o a e suppor a . , a rea

below could see a test of 438.6 and where as resistance is now likely to be seen at 439.9, a move above

could see prices testing 440.2.

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OPEN

109.95

HIGH

U T U R

E110.05

LOW

109.7CLOSE

109.85

% CNG

0.05

VOLUME

X

Z I N C

557

OI

4320

RE CNG

0.05

INTRADAY LEVELS

Zinc yesterday traded with the positive node and settled 0.05% up at 109.85. LME zinc prices P.P. 109.9

SUP 1 RES 1

109.7 110.0

SUP 2 RES 2

109.5 110.2

SUP 3 RES 3

109.3 110.4

M C were not strongly supported by the weakened US dollar index and the positive economic data.

LME zinc prices overnight opened at USD 2,370/mt, with prices trying to touch USD 2,428/mt

during the day, but finally closed at USD 2,370/mt. In yesterday's trading session zinc has

touched the low of 109.7 after opening at 109.95, and finally settled at 109.85. For today's

session market is looking to take support at 109.7, a break below could see a test of 109.5

and where as resistance is now likely to be seen at 110, a move above could see prices

testing 110.2.

U R

EOPEN

1116.20

HIGH

1126.50LOW

1116.20

K E L F U 1124.30

% CNG

0.60

VOLUME

2014

OI

9294

RE CNG

P.P. 1122.3

SUP 1 RES 1

1118.2 1128.5

SUP 2 RES 2 M C X N

I

6.8

INTRADAY LEVELS

Nickel yesterday traded with the positive node and settled 0.6% up at 1124.3. Boosted by a

series of upbeat economic reports from the US, LME nickel prices opened at USD 23,900/mt

and closed at USD 24,100/mt overnight, up by USD 195/mt or up by 0.82% from a day

earlier, with the highest price at USD 24,335/mt and the lowest price at USD 23,900/mt. In

yesterday's trading session nickel has touched the low of 1116.2 after opening at 1116.2, and

1112.0 1132.6

SUP 3 RES 3

1107.9 1138.8

finally settled at 1124.3. For today's session market is looking to take support at 1118.2, a

break below could see a test of 1112 and where as resistance is now likely to be seen at

1128.5, a move above could see prices testing 1132.6.




ROPEN

110.75

HIGH

U M F U

T110.90

LOW

110.6CLOSE

110.8

% CNG

-0.05

VOLUME

L U M I N I

-0.05

INTRADAY LEVELS

289

OI

3320

RE CNG

P.P. 110.8

SUP 1 RES 1

110.6 110.9

SUP 2 RES 2

110.5 111.1

SUP 3 RES 3

110.3 111.2 M C X

A uminum yester ay tra e wit t e negative no e an sett e -0.05% own at 110.8. LME

aluminum prices fluctuated at high levels, and opened at USD 2,448/mt, and later hit a high

of USD 2,458/mt and closed at USD 2,454/mt, down USD 1/mt compared with the previous

trading day. In yesterday's trading session aluminum has touched the low of 110.6 after

opening at 110.75, and finally settled at 110.8. For today's session market is looking to take

support at 110.6, a break below could see a test of 110.5 and where as resistance is now

likely to be seen at 110.9, a move above could see prices testing 111.1.

T U R E

OPEN

197.50

HIGH

198.90LOW

197.50

. G A S

F % CNG

VOLUME

1448

17621

RE CNG

OI

198.80

0.50

P.P. 198.4

SUP 1 RES 1

197.9 199.3

SUP 2 RES 2

C X N A

1

INTRADAY LEVELSNatural gas yesterday traded with the positive node and settled 0.5% up at 198.8 markets is

trading in the range 192-200 as the number of rigs drilling for natural gas in the US slid by 12

this week to 919, its fourth straight weekly decline. Government data this week showed gross

domestic gas production slipped in October, its first decline in four months and possible sign

producers are shifting focus away from gas due to low prices. Rising output from shale gas

197.0 199.8

SUP 3 RES 3

196.5 200.7

as een e pr mary r ver o ncrease gas pro uc on n e as ew years, esp e a a r y

cold winter so far, gas inventories are still about 8 percent above average and offer a

comfortable cushion to help meet heating demand. For today's session market is looking to

take support at 197.9, a break below could see a test of 197 and where as resistance is now

Page No. 5www.sharetipsexpert.comStrictly for private circulation



ACTIVE SPREAD UPDATE

DAILY SPREAD IN GOLD - MCX DAILY SPREAD IN SILVER - MCX

MONTH RATE FEB APRIL JUNE MONTH RATE MARCH MAY JULY

FEB 20750 197 377 MARCH 46264 243 376

APRIL 20947 180 MAY 46507 133JUNE 21127 JULY 46640

Spread between Gold FEB & APR contracts yesterday

ended at 197, we have seen yesterday that the gold

market had traded with a positive node and settled 0.11%

up. Spread yesterday traded in the range of 196 - 205.

Spread between Silver MAR & MAY contracts yesterday

ended at 243, we have seen yesterday that the silver

market had traded with a positive node and settled 0.1%

up. Spread yesterday traded in the range of 217 - 249.

MONTH RATE JAN FEB MARCH MONTH RATE FEB APRIL

JAN 4087 59 113 FEB 439.55 3.00

FEB 4146 54 APRIL 442.55

MARCH 4200

DAILY SPR EAD IN COPPER - MCXDAILY SP READ IN CRUDE - MCX

Sprea etween copper FEB & APR contracts yester ay

ended at 3, we have seen yesterday that the copper

market had traded with a positive node and settled

0.01% up. Spread yesterday traded in the range of 2.6 -

3.

DAILY SPREAD I N NICKEL - MCXDAILY SPR EAD IN ZINC - MCX A R K E T

Sprea etween cru e JAN & FEB contracts yester ay

ended at 59, we have seen yesterday that the crude

market had traded with a negative node and settled -

0.02% down. Spread yesterday traded in the range of 53

59.

MONTH MONTH

JAN 109.85 1.20 JAN 1124 10.30

FEB 111.05 FEB 1135

Spread between zinc JAN & FEB contracts yesterday ended

at 1.2, we have seen yesterday that the zinc market hadtraded with a positive node and settled 0.05% up. Spread

yesterday traded in the range of 1 - 1.8.

Spread between nickel JAN & FEB contracts yesterday

ended at 10.30, we have seen yesterday that the nickelmarket had traded with a positive node and settled 0.6%

up. Spread yesterday traded in the range of 10.30 - 13.3.

P R E A D

MONTH RATE JAN FEB MONTH RATE JAN FEB

JAN 198.80 2.80 JAN 1209.30 6.00

FEB 201.60 FEB 1215.30

S read between natural as JAN & FEB contracts S read between menthol oil JAN & FEB contracts

DAILY SPREAD IN NAT. GAS - MCX DAILY SPREAD IN MENTHOL - MCX

yesterday ended at 2.80, we have seen yesterday that the

natural gas market had traded with a positive node and

settled 0.5% up. Spread yesterday traded in the range of 2.8 - 2.9.

yesterday ended at 6.00, we have seen yesterday that

the menthol oil market had traded with a positive node

and settled 2.1% up. Spread yesterday traded in therange of 0.8 to 6.4.




DAY TIME CURRENCY Forecast Prev ious

All Day EUR 0 0 L

French Bank Holiday

DATA

All Day EUR 0 0

All Day EUR 0 0

2:30pm EUR 56.9 56.88:30pm USD 57.1 56.6

8:30pm USD 0.002 0.007

8:30pm USD 71.9 69.5

0 0 0 0

0 0 0 0 O N O M I

C

D A T A

Italian Bank Holiday

Final Manufacturing PMIISM Manufacturing PMI

Construction Spending m/ m

German Bank Holiday

Mo n ISM Manufacturing Prices

0

0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

E C 0

0

0

0

China's gross domestic product (GDP) is predicted to grow by around 9.5% in 2011, 0.5 % points lower compared to

the growth rate expected for this year, said a report issued Wednesday by the Bank of China (BOC). The report by

E

the BOC, China's third largest lender, was based on the bank's projections of weak overseas demand, tighter

monetary policy, and the government's planned economic restructuring for 2011, the first year of China's 12th five-

year plan. The Chinese government announced in early December that it would switch its monetary policy stance

from relatively loose to prudent next year to tackle rising inflation and keep economic growth at a sustainable pace.

The report also said government policies this year to curb soaring property prices in some major cities, and the

country's efforts to improve energy efficiency had slowed the economy with the GDP dropping to 9.6 % in the third

quarter, down from the second quarter's 10.3 % and 11.9 % in the first quarter. The report also forecast inflation to

rise 4 % in 2011, compared to the 3.3% rise expected for 2010. It said that in the second half of the year, the

producer price index (PPI) for China's industrial products had kept rising along with the consumer price index (CPI),

C A

N

Ua ng more n a onary pressure or e u ure.

Rising Yuan And Higher Production Number Boost Copper : The strong demand prospects for 2011 boosted copper

prices. Rising yuan and higher production of Copper in China provided further impetus in the markets. The Chinese

currency yuan, also known as the Renminbi (RMB), strengthened to a new record high at 6.6229 per U.S. dollar

W S Y O

Thursday. China Ministry of Industry and information Technology showed that the non-ferrous metal production

jumped significantly in Jan-Nov 2010.The non-ferrous metals production for Jan-Nov 2010 was 28.75 million tonnes,

up 21.4%. Among the total non-ferrous metals production, Copper production stood at 4.184 million tonnes during

Jan-Nov 2010, up 10.7%. Meanwhile, benchmark Copper contract on MCX is trading at Rs 435 per kg, up Rs 5.5 per

kg, or 1.2%. Further elevation is expected to take prices towards Rs 437 per kg. COMEX Copper March futures is

trading at $ 4.3690 per pound, up 0.5 cents.

N Sterling steady vs dollar, economic concerns weigh : Sterling was steady against a weaker dollar on Thursday, off an

earlier one-week high and underperforming other major currencies as concerns about a fragile UK economic outlook

weighed on the pound. Trade was very thin, exaggerating price action. With only a few year-end flows going through,

sterling was mostly driven by movements elsewhere, hitting a fresh low against the Swiss franc, which was

underpinned broadly by its safe-haven status. Comments from Bank of England policymaker Andrew Sentance

warning against a delay in raising interest rates to contain inflation had little impact on the pound. Sentance is known

to be a hawk and is seen as a lone voice among UK policymakers, while investors' primary concern is about the

negative impact the government's planned austerity measures could have on the UK economy. "Sterling is ust

following everything else. Markets are thin and just one order can turn things around," said Geoffrey Yu, currency

strategist at UBS in London. "Going forward we think sterling will stay rangebound against the dollar and the euro,

but soft against commodity currencies and the Swiss franc," he said, adding that recent UK data had been "not that

bad but not inspiring either".

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