1. Daily Commodity Report
7th December 2012
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
06-Dec-12
Expiry 5-Feb-13 5-Mar-13 18-Dec-12 Gold opened higher at 31211. It failed to sustain higher and moved
lower to touch an intra-day low of 30916. However, it managed to
Open 31,211 62,300 4,810
bounce back from lower levels to touch an intra-day high of 31284.
High 31,284 62,845 4,810 It ended the day with marginal gains to close at 31225.
Low 30,916 61,601 4,673
The RSI is still placed below its average, which would lead to
Close 31,225 62,440 4,687 selling pressure. However, the Stochastic is placed above its
Prev. Close 31,199 62,324 4,817 average and is also placed in the over sold zone, which would lead
to intermediate bouts of short covering and buying support at lower
% Change 0.08% 0.19% -2.70%
levels. The -DI line is moving higher and is placed above 40 level,
Source – MCX indicating sellers are gaining strength. MCX Gold faces resistance
at 31348, 31467, 31737, 32270 and 32421 while the support levels
Volume (In 000's) are placed at 31076, 30837, 30498, 30366 and 29268.
6-Dec-12 5-Dec-12 % Chg.
MCX SILVER (5 MARCH 13) –
Gold (gms) 55,551.0 41,041.0 35.35%
Silver opened lower at 62300 and moved further lower to touch an
Silver (kgs) 2,277.1 1,906.1 19.46% intra-day low of 61601. However, it managed to bounce back from
Crude (bbl) 29,949.4 23,114.3 29.57% lower levels to touch an intra-day high of 62845. It ended the day
with modest gains to close at 62440.
Source – MCX
The Stochastic has slipped below its average. Moreover, the RSI is
Turnover (In Lacs) already placed below its average. These negative technical
6-Dec-12 5-Dec-12 % Chg.
conditions would lead to selling pressure. However, the Stochastic
is also placed in the over sold zone, which would lead to
Gold 1,727,299.3 1,284,795.7 34.44% intermediate bouts of short covering at lower levels. The ADX line,
the +DI line and the –DI line are moving sideways indicating a
Silver 1,414,701.0 1,191,111.4 18.77%
range bound trend. MCX Silver faces resistance at 63271, 63734
Crude 1,419,239.5 1,117,244.1 27.03% and 64284, while the supports are placed at 60335, 59252 and
57599 levels.
Source – MCX
MCX CRUDE (18 DECEMBER 12) –
Global Market (Nymex - $)
06/12/2012 07/12/2012 % Chg. Crude opened lower at 4710. Incidentally, this was the highest
price recorded for the day. It moved lower to touch an intra-day low
Gold (oz) 1,704.90 1,701.90 0.18% of 4673. It ended the day with large losses to close at 4687.
Silver (oz) 33.16 33.12 0.12%
The Stochastic and the RSI are already placed below their
WTI Crude (bbl) 86.58 86.26 0.37% respective averages, which would lead to selling pressure. The– DI
Brent Crude (bbl) 107.30 107.03 0.25% line is moving higher and is on verge of a breakout above the 30
level. It faces resistance at 4692, 4760, 4892, and 4950 while the
Dollar Index 80.26 80.24 0.02%
supports are placed at 4692, 4603 and 4578.
Source – www.cmegroup.com
NOTE – Stop Losses should be considered strictly on Closing
Basis
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

2. Commodity News:
Gold slides for third day on stockists selling, global cues
Gold prices continued to slide for the third day in a row by tumbling Rs 340 to Rs 31,340 per ten grams in the national
capital today on sustained selling by stockists on sluggish demand amid a weak global trend. Silver also fell by Rs 435
to Rs 61,000 per kg on reduced offtake by industrial units and coin manufacturers.
Sugar prices drop on sluggish demand, heavy stocks
Sugar prices looked down by Rs.50 per quintal in the national capital today following increased supply from mills amid
reduced offtake by stockist, bulk consumers and retailers. Sugar ready M-30 and S-30 prices dipped from Rs.3520-
3700 and Rs.3490-3675 to settle at Rs.3470-3650 and Rs.3450-3625 per quintal, respectively. Similarly, mill delivery
M-30 and S-30 prices slipped from Rs.3280-3580 and Rs.3260-3550 to settle at Rs.3280-3550 and Rs.3260-3530 per
quintal, respectively.
Chana futures rise on strong spot demand
Chana prices rose by Rs 124 to Rs 4,257 per quintal in futures trade today as traders enlarged their holdings on
account of the good spot market demand. Restricted arrivals in the spot market from major producing areas further
supported the uptrend. At the National Commodity and Derivatives Exchange, Chana for December delivery rose by
Rs 124, or 3 per cent, to Rs 4,257 per quintal, with an open interest for 20,320 lots.
Source: ET
Economic Calendar:
Countries / Friday Monday Tuesday
Regions 07/Dec 10/Dec 11/Dec
INR FX Reserves, USD
India
(Dec 7)
US Unemployment Rate (Nov) Trade Balance
Nonfarm Payrolls (Nov) 10-Year Note Auction
FOMC Minutes
UK Industrial Production Euro Sentix Investor Japan Consumer
Global
(YoY) (Oct) Confidence (Dec) Confidence Index (Nov)
UK Consumer Inflation Japan Consumer
UK 10-y Bond Auction
Expectations Confidence Index (Nov)
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
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.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com