DTN 05.01

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Transcript of DTN 05.01

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    DAILY COMMODITY OUTLOOK

    5 th Jan2012

    Market Review & Outlook

    Precious Metals

    Both the precious metals opened the session on a Negative note. Goldshowed good recovery from its intraday lows of `27540 levels during theprevious session of trade. We would like to point out that the m oving averageclusters will pose stiff resistance for gold in the near term. A change in thecurrent downtrend would be seen only if gold registers a close above these

    moving average cluster resistances. On the downside, the `27100--`26800levels are good support zones for th is precious m etal.

    Base Metals & Energy

    The base metals traded the session on a Negative note. Copper traded thesession on a negative note. Copper corrected from its intraday high of 413levels and closed the session at 403.55 levels. Nickel is likely to face stiffresistance at 1010 -1012 levels.

    Crude oil opened t he session on a positive not e and rallied to an int raday highof 5498 levels. A crude oil price is likely to t rade on a positive note and all theway head t owards 5650 -5700 levels.

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    Strategy/Recommendations

    MCX Aluminium Jan ` 108.85

    Traders can buy above 110 with a stop loss placed below ` 106.90 levels forupside target s of ` 114 / 115 levels

    Morning Technical Levels for Metals and Energy

    Commodity Exchange Contract Trend S2 S1 LTP R1 R2

    Bullions

    Gold MCX FEB Up27632 27412 27852 27980 28108

    Silver MCX MAR Up 52207 51654 52761 53367 53974

    Base Metals

    Copper MCX FEB Up 99 98 99 100 100

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    Zinc MCX Jan Down 108 107 108.9 110 111

    Lead MCX Jan UP 108 107 108.8 110 111

    Aluminium MCX Jan

    Sideways 987 976 997.3 1006 1015

    Nickel MCX Jan UP 99 98 99 100 100

    Energy

    Crude oil MCX Jan UP 5281 5361 5462 5502 5543

    Natural Gas MCX Jan DOWN 154 157 164.4 166 168

    Strategy/Recommendations

    NCDEX SOYABEAN JAN ` 2577.00

    Traders can go short below 2575 levels with a stop loss placed above `2626 levelsfor upside targets of ` 2520 / ` 2470 levels.

    Agricultural Commodities

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    Morning Technical Levels for Agri - Commodities

    Commodity Exchange Contract Trend S2 S1 LTP R1 R2

    Spice Complex

    Jeera NCDEX Jan Up 16167 16484 16802 17047 17293

    Pepper NCDEX Jan Down 32500 32635 32770 32940 33110

    Turmeric NCDEX Apr Sideways 4749 4805 4860 4903 4945Chilli NCDEX Feb Sideways 6359 6469 6580 6675 6771

    Coriander NCDEX Jan Up 4535 4575 4616 4651 4687

    Oilseed ComplexSoybean NCDEX Jan Up 2542 2562 2581.5 2613 2645

    Mustard Seed NCDEX Jan UP 3662 3696 3729 3784 3838

    Ref Soya Oil NCDEX Jan Up 745 749 752.75 760 766

    Castor Seed NCDEX Jan Up 4013 4080 4148.5 4188 4228

    Others

    Guar Seed NCDEX Jan Up 7377 7515 7652 7755 7857

    Guar Gum NCDEX Jan Up 24427 24902 25376 25750 26123

    Chana NCDEX Jan Up 3321 3354 3387 3421 3455

    Sugar NCDEX Jan Down 2821 2831 2841 2855 2869Kapas NCDEX Apr Up 829 840 850.1 867 883

    Cotton OilseedCake

    NCDEX Jan Up 1221 1230 1240 1254 1269

    Gur NCDEX Jan Sideways 1057 1060 1063 1067 1071

    Potato NCDEX Apr Up 590 595 598.9 604 609

    Menthaoil MCX Jan Sideways 1313 1318 1322.5 1326 1330

    Wheat NCDEX Jan Up 1225 1230 1236 1243 1251

    Maize NCDEX Jan Up 1246 1263 1280.5 1297 1314

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    Disclaimer

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