1. Daily Commodity Outlook
29th November 2011
MCX GOLD (DEC 11) - Gold opened higher at 28409. Incidentally,
Gold Silver Crude
(5 Dec-11) (5 Dec-11) (19 Dec-11)
this was also the lowest traded price for the day. It moved higher to
touch an intra-day high of 28849 on back of buying support. It
Open 28,475 54,500 5,074 ended the day with modest gains to close at 28737.
High 28,849 55,777 5,223
The RSI and the Stochastic have moved above their respective
Low 28,475 54,500 5,074
averages, which would lead to further buying support and short
Close 28,737 55,455 5,090 covering. The ADX, +DI and -DI line are moving sideways,
Prev. Close 28,409 54,329 5,068 indicating a range bound trend. MCX GOLD faces resistance at
28960, 29212, 29500 and 30000, while the supports are placed at
% Change 1.15% 2.07% 0.43% 28152, 27954, 26768 and 26000 levels.
Source – MCX
MCX SILVER (DEC 11) - Silver opened lower at 54500.
Volume (In 000's) Incidentally, this was also the lowest traded price for the day. It
moved higher to touch an intra-day high of 55777 on back of buying
28/11/2011 26/11/2011 % Chg.
support. It ended the day with moderate gains to close at 55455.
Gold (gms) 38,006.0 1,780.0 2035.17%
Silver (kgs) 1,711.3 73.2 2237.87% The RSI has moved above its average, which would lead to further
buying support. However, the Stochastic is still placed below its
Crude (bbl) 24,603.1 580.2 4140.45% average, which would lead to selling pressure at higher levels.
Source – MCX However, the Stochastic is placed in the over sold territory, which
would lead to intermediate bouts of short covering and selective
Turnover (In Lacs) buying support. The ADX, -DI and +DI line are moving sideways,
indicating a range bound trend. MCX Silver faces resistance at
28/11/2011 26/11/2011 % Chg. 61708, 61884 and 64605 levels, while the supports are placed at
54754, 52725, 52365 and 51226 levels.
Gold 1,091,835.6 50,548.7 2059.97%
Silver 948,069.0 39,747.8 2285.21% MCX CRUDE (DEC 11) - Crude opened higher at 5074 level.
Crude 1,267,460.9 29,385.2 4213.26% Incidentally, this was also the lowest traded price for the day. It
moved higher to touch an intra-day high of 5223 on back of buying
Source – MCX support. It ended the day with modest gains to close at 5090.
Global Market (Nymex - $)
The RSI and the Stochastic are placed below their respective
29/11/2011 28/11/2011 % Chg. averages, which would lead to selling pressure. The ADX and –DI
line are moving sideways, but +DI line is still placed at 38.26
Gold (oz) 1,710 1,711 -0.08%
indicating buyers have an upper hand. It faces resistance at 5174,
Silver (oz) 31.89 32.161 -0.84% 5200 and 5250 levels, while the supports are placed at 4889, 4618,
Crude (bbl) 97.46 98.21 -0.76% 4493 and 4291 levels.
Dollar Index 79.14 79.20 -0.08%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE DEC 11 5090 5129 5184 5278 5427 5035 4980 4831
GOLD DEC 11 28737 28687 28899 29061 29435 28525 28313 27939
SILVER DEC 11 55455 55244 55988 56521 57798 54711 53967 52690
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

2. US Economic Calendar:
Tuesday Wednesday Thursday Friday Monday
Nov. 29 Nov. 30 Dec. 01 Dec. 02 Dec. 05
Pending Home Sales
Consumer Confidence New Home Sales Employment Situation Factory Orders
Index
ICSC-Goldman Store EIA Petroleum Status 4-Week Bill Monster Employment
ISM Non-Mfg Index
Sales Report Announcement Index
FHFA House Price ADP Employment
6-Month Bill Auction 6-Month Bill Auction
Index Report
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. Disclaimer
This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or
redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.
This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is
not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or
solicitation would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal
recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients.
We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy
or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from
the use of this document. The recipients of this material should rely on their own investigations and take their own professional advice.
Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future
performance. Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade
securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts
of a stock’s price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with
a report on a company’s fundamentals.
Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a
reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from
doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to
change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the
recommendations expressed herein.
We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy or
sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and
earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act
as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and
related information and opinions.
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the
subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly
related to specific recommendations or views expressed in this report.
No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent.
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com