NB Daily Technicals Commodity, Precious Metals and Crude

Bullion Technical Outlook

Gold Silver

Commentary Gold prices are bounced a bit after a huge fall, prices are expected to trade lower if sustains below 28050, prices can test 27800 -2700 on lower end. oscillators witnessing the crossover which is negative for the precious metal.

Commentary Silver prices are trading in a narrow range, prices are expected to test 55500 -300 on lower end. Strength will be witnessed above 56700.Oscillators are trading flat.

Levels for the day

Month S3 S2 S1 R1 R2 R3

Levels for the day

Month S3 S2 S1 R1 R2 R3

Gold

April

27640

27750

27880

27970

28050

28140

Silver

Mar

54900

55400

56000

56700

57300

57800

Tuesday, February 07, 2012

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NB Daily Technicals Commodity, Precious Metals and Crude

Base Metals Technical Outlook
Copper Nickel

Commentary Copper prices are trading within the channel, prices can tested the support at 414 -413. Prices are expected to trade within 413 420. oscillators are turning down.

Commentary Nickel was the outperformer yesterday, one should buy on dips around 1050. Prices can test 1075 on higher end. oscillators are in positive zone.

Levels for the day

Month S3 S2 S1 R1 R2 R3

Levels for the day

Month S3 S2 S1 R1 R2 R3

Copper

Feb

410

413

417

419

422

425

Nickel

Feb

1020

1035

1050

1063

1075

1087

Tuesday, February 07, 2012

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NB Daily Technicals Commodity, Precious Metals and Crude

Base Metals Technical Outlook
Lead Crude Oil

Energy Technical Outlooks

Commentary Lead prices are resisting the middle Bollinger bang, with oscillators heading down one can expect selling pressure on higher end around 107 107.20. oscillators are heading down.

Commentary Crude prices is holding the support at 4700 and are expected to trade higher, prices may test 4830 4850 resistance zone. oscillators are in over sold zone hence a bounce back cannot be ruled out.

Levels for the day

Month S3 S2 S1 R1 R2 R3

Levels for the day

Month S3 S2 S1 R1 R2 R3

Zinc Lead Alu

Feb Feb Feb

101.4 103.40 106

102.50 104.20 107.20

103.30 105.30 108

104.10 106.50 108.70

104.85 107.80 109.50

105.90 109 110.2

Crude Oil Natural Gas

Feb

4670

4710

4750

4785

4820

4850

Feb

117

120

123

126

129

132

Tuesday, February 07, 2012

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NB Daily Technicals Commodity, Precious Metals and Crude

Pre-Market Trading Strategy for the day

Commodity Contract Strategy Rate Target 1 Target 2 Target 3 Stop-Loss

Gold Silver Crude Copper Nickel Zinc Lead Aluminium

April Mar Jan Feb Feb

Sell Buy Buy Sell Buy Sell

28000 28050 Above 56700 4730 4740 418 -419 1050 1045 104 104.30 107 -107.20 108.20 108.50

27850 57300 4800 413 1068 102.20 104.6 107

28700 57750 4830 411 1075 101.80 104 106.40

28150 56100 4710 423 1030 105.50 108.50 109.50

Feb Sell Feb Sell Feb

Tuesday, February 07, 2012

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NB Daily Technicals Commodity, Precious Metals and Crude

RESEARCH TEAM NAME DESIGNATION EMAIL
kunal.shah@nirmalbang.com devidas.rajadhikary@nirmalbang.com vikash.bairoliya@nirmalbang.com harshal.mehta@nirmalbang.com vinod.maloo@nirmalbang.com sunit.mehta@nirmalbang.com ravi.dsouza@nirmalbang.com somya.dixit@nirmalbang.com subhash.lalwani@nirmalbang.com

KUNAL SHAH DEVIDAS RAJADHIKARY VIKASH BAIROLIYA HARSHAL MEHTA VINOD MALOO SUNIT MEHTA RAVI DSOUZA SOMYA DIXIT SUBHASH LALWANI

RESEARCH HEAD-COMMODITIES TECHNICAL RESEARCH ANALYST ANALYST PRECIOUS & CURRENCIES TECHNICAL RESEARCH ANALYST TECHNICAL RESEARCH ANALYST RESEARCH ANALYST (BASE METALS) RESEARCH ASSOCIATE RESEARCH ASSOCIATE RESEARCH ASSOCIATE

Disclaimer This Document has been prepared by Nirmal Bang Research (A Division of Nirmal Bang Securities PVT LTD). The information, analysis and estimates contained herein are based on Nirmal Bang Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Nirmal Bang Research opinion and is meant for general information only. Nirmal Bang Research, its directors, officers or employees shall not in anyway be responsible for the contents stated herein. Nirmal Bang Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities. Nirmal Bang Research, its affiliates and their employees may from time to time hold positions in securities referred to herein. Nirmal Bang Research or its affiliates may from time to time solicit from or perform investment banking or other services for any company mentioned in this document. About Nirmal Bang Founded in 1986 by Shri Nirmal Bang, the Nirmal bang Group is recognized as one of the largest retail broking houses in India, providing an array of financial products and services. Our retail and institutional clients have access to products such as equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS. Throughout our history, we have fostered one overriding purpose to provide each client with personal service and quality of work. By adhering to this principle, we have grown to become a successful and well-respected firm of highly qualified professionals. The Group is headed by Mr. Dilip Bang and Mr. Kishore Bang who bring forward industry expertise, insight and most importantly, create an environment of unmatched commitment to clients. We are registered members of the Bombay Stock Exchange Limited (BSE), National Stock Exchange of India Limited (NSE), Multi Commodity Exchange of India Limited (MCX), National Commodity & Derivatives Exchange Limited (NCDEX), National Multi Commodity Exchange of India Limited (NMCE) and MCX Stock Exchange Limited and are also depository participants of NSDL and CDSL.

Tuesday, February 07, 2012

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