Daily Commodity Market Update as on Thursday, March 24, 2011 PRECIOUS METALS COMPLEX NA ME OP EN HI GH L OW CLOSE % CNG GOLD 20928 21045 20897 21013 0.5 SILVER 54213 55543 54148 55498 2.17 GOLD 1438.25 1438.75 1435.8 1437.85 0.05 SILVER 37.36 37.37 37.17 37.27 -0.24 PLATINUM 1748.5 1751.99 1746.5 1751.49 0.2 Bullion ended higher re-approaching as the safe haven appea l of the precio us metal was boos ted by ongo ing turmoil in the Middle East and renewed concer ns over the euro zone’s sovereign debt crisis. SPOT $ MCX NAME OPEN HIGH LOW CLOSE % CNG CRUDE 4719 4793 4719 4770 1.09 N.GAS 190.8 195 190.8 192.8 1.5 Crude oil rose as attacks on Israel, unrest in Yemen and other the Middle East countries and falling gasoline stocks in the United Stat es lifted price. Natura l gas were up ju mping to the hig hes t price in seven weeks after forecasts of below aver a e s rin weather booste d MCX ENERGY COMPLEX CRUDE 104.85 106.34 104.38 105.75 0.858369 NAME OPEN HIGH LOW CLOSE % CNG demand expectations for the heating fuel. BASEMETAL COMPLEX MCX . . . . . ZINC 104.95 108.35 104.95 108.15 3.37 NICKEL 1189.7 1208.7 1189.7 1206.2 1.59 LEAD 121.85 123.9 121.4 123.6 1.82 ALUMINIUM 115.8 117.3 115.7 117.15 1.24 COPPER 9720 9720 9670.25 9685 -0.62 -200 ZINC 2410 2410.5 2390 2398 -0.79 -275 COPPER ZINC 434150 735750 Base meta s are en e ig e r ami a roa rise across glo bal commodi ty mar kets as inv est or confi den ce continues to recover. LME STOCK LM E . . NICKEL 26800 2639 26750 26780 -0.26 -426 LEAD 2713 2747 2698 2705 -0.81 -150 ALUMINIUM 2637 2747 2621 2625 -0.23 -6475 SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX 18 36 1.3 3 552 4. 5 22 70 .5 129 7. 54 82 48. 83 12 08 6. 02 943 7.5 4 295 1. 25 20 29. 01 229 98. 79 75 .9 8 GLOBAL MARKETS UPDATE 4594450 NICKEL LEAD ALUMINIUM 124038 286900 0.85 0.81 0.56 0.29 0.25 0.56 -0.13 0.09 0.84 0.77 0.25 Page No. 1 www.sharetipsexpert.com Strictly for private circulation
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INTRADAY LEVELSZinc yesterday traded with the positive node and settled 3.37% up at 108.15 as support seen
P.P. 107.2
SUP 1 RES 1
106.0 109.4
SUP 2 RES 2
103.8 110.6
SUP 3 RES 3
102.6 112.8
M C
a er new ome sa es or e ruary p unge y . o a recor ow annua ra e o250,000 units. The US dollar index rebounded to 75.9 from 75.4. But investors increased
purchases on speculations that metal demand from Japan for reconstruction will increase as a
result of the huge earthquake and nuclear crisis. LME zinc prices overnight rose by USD 43/mt
to close at USD 2,350/mt, above the 5-day moving average. In yesterday's trading session
zinc has touched the low of 104.95 after opening at 104.95, and finally settled at 108.15. For
today's session market is looking to take support at 106, a break below could see a test of
103.8 and where as resistance is now likely to be seen at 109.4, a move above could see
U R
EOPEN
1189.7
HIGH
1208.7LOW
1189.7
K E L F U 1206.2
% CNG
1.59
VOLUME
38109
OI
6706
RE CNG
P.P. 1202
SUP 1 RES 1
1194 1213
SUP 2 RES 2 M C X N
I
19.2
INTRADAY LEVELSNickel yesterday traded with the positive node and settled 1.59% up at 1206.2 tracking LME nickel
for delivery in three months opened at USD 26,350/mt and closed at USD 26,850/mt overnight, up
by USD 450/mt from a day earlier, with the highest price at USD 26,900/mt and the lowest price at
USD 26,349/mt. LME base metal largely ended with gains on Wednesday from market expectation
that metal demand will increase in the medium term, despite slight rebound of the US dollar.
-
1183 1221
SUP 3 RES 3
1175 1232
Page No. 4
rospec o cons ruc on- r ven eman w con nue en suppor or cer a n ase me a s. or
today's session market is looking to take support at 1194.4, a break below could see a test of
1182.5 and where as resistance is now likely to be seen at 1213.4, a move above could see prices
testing 1220.5.
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