Copper is expected to sell around 498 levels with a stop loss placed above 510 levels for targets of 482 levels. Nickel is expected to sell around 970 levels with a stop loss placed above 1000 levels for targets of 930 levels.

MCX COMMODITY OFFER FOR FRANCHIES

LEAD INTRA TREND

Lead 30Nov2012 closing price is 118.85 The Lead is now showing SELL signal For short term Lead is in HOLD LONG position and Lead closed below 1 week low with volume signals down breakout.Positionally Support for the Lead is 115-113.Resistance for the Lead is 120

ALUMINIUM INTRA VIEW

ALUMINIUM 30Nov2012 Closing price is 106.20 Overall trend of the Aluminium is bearish for medium-long term .Currently Aluminium is SELL signal and Aluminium is coming down from overbought level and has moved down its previous low with good volume points to a negative break out .Positionally Support for the Aluminium is 105.Resistance for the Aluminium is 108.

ZINC INTRA VIEW

Zinc 30Nov2012 closing price is 104.85 The Zinc is now is showing SELL signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 104-102. Immediate resistance for Zinc is 107

NICKEL TREND

Nickel 30Nov2012 closing price is 916.8 In last few days lot of positive accumulation happened in the Nickel.Positionally Support for the Nickel is 911-905-901.Immediate resistance for Nickel is 922.

NATURALGAS INTRADAY VIEW'S

NATURALGAS 27NOV2012 CLOSING PRICE IS 214.50 The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Naturalgas is 205-201-198.Immediate resistance for Naturalgas is 217.

COPPER TREND

COPPER 30NOV2012 CLOSING PRICE IS 425.8 Currently Copper is in strong uptrend with good momentum and the trend is supported with good volume Positionally Support for the Copper is 418.Resistance for the Copper is 435.

NAT.GAS INTRADAY CALL

BUY NATURALGAS - FUT-27NOV2012 AROUND 207 with SL=203 and Target=212-214-216

NATURAL GAS TREND

The open interest is not increasing with trend.Positionally Support for the Naturalgas is 201-194. Immediate resistance for Naturalgas is 213.

Crude down on profit-taking, French rating cut

Crude was down in Asia today as traders took profits and ratings agency Moody's downgraded the French government bond rating. New York's main contract, light sweet crude for delivery in January, shed 31 cents to USD 88.97 a barrel and Brent North Sea crude for January delivery fell 18 cents to USD 111.52. Crude surged more than USD 2 yesterday as violence intensified in the Israel-Gaza conflict, sparking fresh concern about supplies from the crude-rich Middle East. Israeli strikes killed 32 Palestinians yesterday, taking the Gaza death toll to 109 as UN chief Ban Ki-moon joined efforts to end the worst violence in four years. In Europe, France came under fresh pressure after Moody's became the second of the three major ratings agency to downgrade its top rating.

COPPER TREND

Currently Copper is showing some up move after small correction and trend is strong and supported with good volume.BUY signal For short term Copper is in HOLD LONG position and closed above 3 week high with volume signals up breakout.Positionally Support for the Copper is 420-417.Resistance for the Copper is432-435.

ALUMINIUM TREND

The Aluminium is in long- medium- short-medium- short- term bull phase .Currently Aluminium is moving sideways .In last 1 month volatality is very less and fresh Buy can be considered in the Aluminium if it close above 110 or buy with strict stop at 103.Positionally Support for the Aluminium is 107-104.Immediate resistance for Aluminium is 110 .

NICKEL TREND

Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is in strong uptrend and the trend is supported with good volume.Cautious point is buying at higer levels seems decreasing.Positionally Support for the Nickel is 879-875-874.Resistance for the Nickel is 909-915-919.

RBI bans bank loans to buy gold

The Reserve Bank today directed banks not to give loans for purchase of gold in any form, including primary gold, bullion and jewellery, to dissuade people from indulging in speculative activity. "...it is advised that no advances should be granted by banks for purchase of gold in any form, including primary gold, gold bullion, gold jewellery, gold coins, units of gold Exchange Traded Funds (ETF) and units of gold mutual funds," RBI said in a notification. No advances should be granted by banks against gold bullion to dealers or traders in gold if, in their assessment, such advances are likely to be utilised for purposes of financing gold purchase at auctions or speculative holding of stocks and bullion, it said. However, it said banks can provide finance for genuine working capital requirements of jewellers. The decision was taken in view of significant rise in imports of gold in recent years putting pressure on currentaccount deficit. In the 2011-12 fiscal, India's gold imports stood at USD 60 billion and the quantum of import was 1,067 tonnes. In the April-June quarter of the current fiscal, however, gold imports had contracted by 18.4 percent year-on-year to Rs 71,912 crore (USD 13 billion). The Monetary Policy Statement of April 2012 announced the constitution of a Working Group to study issues relating to gold imports and gold loans by Non-Banking Financial Companies (NBFCs) in India. The Working Group, submitted its draft report in August 2012, suggested that other than working capital finance, banks are not permitted to finance purchase of gold in any form.

Gold, silver bounce back on low-level buying

Snapping a two day losing trend, both the precious metals, gold and silver, today bounced back on buying by retailers at existing low levels for the ongoing wedding season amid a firm global trend. While gold rebounded by Rs 175 to Rs 32,175 per 10 grams, silver gained Rs 100 to Rs 61,100 per kg. Traders said emergence of buying at existing lower levels to meet the wedding season demand amid a firm global trend, mainly pushed up the precious metals prices. They said the gold in overseas markets rose following an escalating conflict in the Middle East spurred demand for a investment haven. Gold in New York, which normally sets the price trend on the domestic front, rose by 0.1 per cent to USD 1,714.70 an ounce. On the domestic front, gold of 99.9 and 99.5 per cent purity staged a sharp recovery of Rs 175 each at Rs 32,175 and Rs 31,975 per 10 grams, respectively. The metal had lost Rs 485 in last two sessions. Sovereigns remained steady at Rs 25,500 per piece of eight grams. Silver ready also recovered by Rs 100 to Rs 61,100 per kg while weekly-based delivery shed Rs 55 to Rs 60,900 per kg. The metal had lost Rs 1,100 in last two days.

Gold futures rise on global cues

Gold prices rose by Rs 49 to Rs 31,689 per 10 gm in futures trade today as speculators created fresh positions, taking positive cues from overseas markets. At the Multi Commodity Exchange, gold for delivery in December rose by Rs 49, or 0.15 per cent, to Rs 31,689 per 10 gm, with a business turnover of 403 lots. Similarly, the metal for delivery in February moved up by Rs 53, or 0.17 per cent, to Rs 32,100 per 10 gm, with a business turnover of 36 lots. Marketmen said fresh buying by speculators in tandem with a firm global trend as the weakening dollar boosted appeal for the metal, mainly led to a rise in gold futures. Globally, the gold in Singapore climbed 0.6 per cent to USD 1,723.70 an ounce.

ALUMINIUM TREND

Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Aluminium Cautious point is buying at higer levels seems decreasing.Positionally Support for the Aluminium is 106-104.Immediate resistance for Aluminium is 110

COPPER TREND

Overall trend of the Copper is bearish for medium-long term .In last 1 month volatality is very less and fresh Buy can be considered in the Copper if it close above427 or buy with strict stop at 411.Positionally Support for the Copper is 417.Resistance for the Copper is 424-431-435.

ZINC INTRADAY LEVELS

Buy is advised only above 107.9 with a stop at 105.2 Below 104.5 go for sell and put stop at 107.2 Intraday Resistance of ZINC are 106.9/107.6/110.9/113.9/119/121.9/127.5/133.2 Intraday Support of ZINC are 105.5/104.8/101/98.2/93.6/91/86.3/81.8