DAILY-COMMODITY-REPORT By Epic Research (23-01-2013)

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 DAILY COMMODITY REPORT 23 ND JANUARY 2013  WWW.EPICRESEARCH.CO +91 9752199966

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DAILY COMMODITY REPORT

23

ND

JANUARY 2013

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 HEADLINES 

 Inflation, not duty, to cut gold imports 10%. 

The government’s decision to increase the custom

duty on gold from 4% to 6% is expected to result in

slight moderation in investment demand, estimated

roughly 30% of the imports in FY12 of 891 tonnes, f

the precious metal. While some part of the investme

demand could have been affected by the previo

increase in customs duty to 4% from 2%, the reductio

in investment demand for gold could be 70-100 tonn

 by the end of FY14, experts say.

Copper Drops From One-Week High on Recor

 Production in China.

Copper declined from the highest level in more than

 week as China’s output of the ref ined metal climbed

a record. Metal for delivery in three months dropped

much as 0.4 percent to $8,099.75 a metric ton on th

London Metal Exchange before trading at $8,106

9:56 a.m. Shanghai time. It climbed to $8,144.5

 yesterday, the highest since Jan. 11. Futures for delive

in May on the Shanghai Futures Exchange lost 0

percent to 58,730 yuan ($9,446) a ton.

 TRADING TIP: Buy Lead Jan 

 Above 125.70

TGTS-126.40/127

SL-125.10

Buy Crude Oil Feb

 Above 5210

TGTS-5240/5270

SL- 5180

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PRODUCT

NAME

EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE

CHANGE

CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61

CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99

GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46

JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68

KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76

PEPPER 7/19/2012  42300 42555 42250 42390 42435 45 0.11

REF SOYA 7/19/2012  780.5 783.6 777.4 782.85 781.3 -1.55 -0.2

SOY BEAN 7/19/2012  4309 4330 4265.5 4303 4315 12 0.28

TURMERIC 7/19/2012  4600 4676 4518 4664 4540 -124 -2.66

WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89

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 DAILY MARKET STATISTICS 

Symbol Expiry Date PCP % Change LTP

Crude Oil 19-Feb-13 5157.00 0.87 5202.00

Nickel 31-Jan-13 932.70 0.29 935.40

Silver 5-Mar-13 59432.00 0.31 59617.00

Gold 5-Feb-13 30757.00 0.05 30772.00

Lead 31-Jan-13 123.15 1.50 125.00

Zinc 31-Jan-13 108.55 1.34 110.00

Copper 28-Feb-13 436.30 0.89 440.20

Aluminium 31-Jan-13 108.05 1.30 109.45

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 DAILY MCX GOLD CHART 

 

 ANALYSIS

OPEN: 30720

HIGH: 30818

LOW: 30715

CLOSE: 30772

GOLD LOOKS SIDEWAYS

TREND: CONSOLIDATE

STRATEGY: BUY ON DIPS

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 DAILY MCX SILVER CHART 

 ANALYSIS 

OPEN: 59396

HIGH: 59720

LOW: 59217 

CLOSE: 59617 

SILVER LOOKS SIDEWAYS

TREND: CONSOLIDATE

STRATEGY: BUY ON DIPS

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