DAILY COMMODITY OUTLOOK

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MCX LEAD OCT. CONTRACT OPEN `96.10

HIGH

`98.20

LOW

`96.10

CLOSE

`97.95

MCX LEAD OCT Contract Technical Outlook & Trading Strategy The price of Lead has been consolidating between `100.50 to `94.50 levels over the past few sessions of trade. The price was also facing stiff resistance at its 8-day moving average on pullbacks. But, the smart move witnessed during the previous session of trade has helped the price of lead to register a close above its key near term moving average. This is a sign that the prices of lead are going to trade with a positive bias and thus test levels of `99.50 and / or `101.25 levels. Strong surge in volumes and a fresh buy signal given by the MACD indicator support the bullish price action mentioned above.

We recommend traders to buy between `97.50--`98.25 levels with a stop loss placed above `96.40 levels for upside targets of `99.75 / `101.25 levels expected to be achieved over the upcoming 3-4 sessions of trade.

DAILY COMMODITY OUTLOOK

COMMODITIES TO WATCH

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NCDEX KAPASRNR Apr2012 CMP`732.80

Technical Outlook & Trading Strategy:-

After the sharp correction from the highs of 780.80 levels, the price of Kapas had been consolidating within a narrow range of `739.50 to `719 levels. But, the price action of Kapas within this consolidation range has taken the shape of a bullish inverted head & shoulders price pattern. Traders would note that this is an extremely bullish price pattern and is a sign that the price of Kapas will trade with a positive bias for the upcoming few sessions of trade. We recommend traders to take Long positions between `735--`730 levels with a stop loss placed below `717.40 levels for upside targets of `750 / `775 levels expected to be achieved over the upcoming 4-5 sessions of trade.

INVENTORY DATA

LME Warehouse Stocks (Inventory) and Volume

10 Oct 2011 METALS

Inventory MT 4,544,725 135,920 151,320 462,525 382,000 93,366 19,795 806,475 +/-4,000 0 -80 -4,575 1,600 -900 -495 -1,450 MT

Volume +/643,850 -71,800 -57,140 7,175 651,325 11,652 -12,920 963,025 2,680 7,500 3,196,250 1,441,100 202,056 13,035 2,925,250 7,121,425

Aluminum Al Alloy NASAAC Copper Lead Nickel Tin Zinc

KEY SUPPORT RESISTANCE LEVELS

Commodity NCDEX Chana NCDEX Pepper NCDEX Soya Oil NCDEX Jeera NCDEX Guarseed Support 1 2950 36117 606 14323 4440 Support 2 2896 35603 603 14206 4316 CLOSE-PRICE 3004 36630 608.10 14439 4564 Resistance 1 3053 37032 610 14638 4626 Resistance - 2 3102 37433 612 14836 4688

DAILY COMMODITY OUTLOOK

MCX Copper MCX Nickel MCX Lead MCX Silver MCX Gold MCX Crude 362 933 97 52551 26494 4108 357 909 95 52074 26324 4029 367.05 956.70 97.95 53028 26663 4187 370 970 99 53520 26766 4233 373 983 100 54012 26868 4279

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