- Aluminum prices have risen 15 rupees over the past three months and the technical outlook remains positive, with targets of 103 and 109 rupees expected in the next few weeks. - In the long term, aluminum prices are expected to rise 15-20% overall, so any small corrections will provide good buying opportunities to target 103 and 109 rupees in the short term and possibly 114 rupees in three months. - Traders need to be cautious about buying at higher levels since Chinese markets are closed for a holiday and this thin trading could lead to profit taking if prices rise.

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Equities Derivatives Commodities Wealth Management Mutual Funds Life Insurance
CD CommoSearch Daily Research Report
Date 21st September,10
Aluminum
Base metals are moving in a very thin trade because of
Chinese holiday this week. If base metals move up
then there can be some profit booking on higher levels,
as China is out for the festival. So traders have to be
very cautious while taking buying positions at higher
levels.
Technically, Aluminium is in upward direction from 85
levels, we have seen a upmove of 15 Rs. in past three
months. Aluminium looks positive on charts, we can
see targets of 103 and 109 in next few weeks. If
Aluminum is able to break 103 and gives close above
that then we can see targets of 109 and 114 Rs. in
next three to four months. To maintain bullish trend,
Aluminum prices should not give close below 93 levels,
if prices are able to break 93 levels then the
commodity will not be bullish.
In long term we are expecting Aluminum prices to give
returns of around 15 to 20%, so any small correction
will be a very good buy opportunity for the short term
targets of 103 and 109. And if we talk of three month
view then we can expect Aluminum prices to touch 114
levels also.
Chilli prices were moving down from 4800 levels, we have seen chilli prices making low of 3800
levels in the month of September, but suddenly from past some days prices are moving up and
we have seen levels of 4600 and 4700 levels. The upmove in the prices is basically because of
weak arrivals in the spot market. Also the major up move is because of good domestic demand
from the festive season, positive move in the commodity can sustain the prices because of
expectations of good export demand.
Commodity Rate Rate Up / Down
21.09.10 20.09.10
Gold $ 1275 $ 1279.30 $ - 4.30 $
Silver $ 20.64 $ 20.80 $ - 0.16 $
Crude $ 74.03 $ 74.86 $ - 0.83 $
USDINR 45.8350 45.7450 0.0900
Turnover of 20.09.10
Exchange Turnover ( Cr.)
MCX 31139
NCDEX 4342
Chilli

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Equities Derivatives Commodities Wealth Management Mutual Funds Life Insurance
CD CommoSearch Daily Research Report
Date 21st September,10
Technically we can seen that, Chilli prices can give
good up move from present levels till 5100 Rs. prices
will face a small ressitance at 4850 levels, once if it is
able to break then we can see Chilli prices touching
new high if 5100 levels in next two to three months.
In september month expiry we have seen contango of
600 Rs, so there is a possibility that prices can give
small correction till 4400 or 4500 in some days, if wee
see prices near 4500 levels then it will be a very good
buy levels for the targets of 4850 and 5150 levels.
Chilli trend will turn negative if the prices are able to
break 4300 levels, if it breaks 4300 level and gives
close below that then again we can see prices making
new low of 3800 and 3500 levels.
Aluminum Chart
June July August September October November December 2010 February March April May June July August September October
50000
x1000
Volume(39,735,000)
30
40
50
60
70
80
RelativeStrength Index(56.5899)
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112ALUMINIUMKG-1MONTH(99.3000,100.400,99.1000,99.6000,+0.30000)

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Equities Derivatives Commodities Wealth Management Mutual Funds Life Insurance
CD CommoSearch Daily Research Report
Date 21st September,10
Daily Trading Range
 Aluminum today’s trading level are 98.20 – 100.70.
 Intraday support @ 96.55 – 98.20 and Resistance @ 99.70 – 100.70.
 Intraday Trend UP, Buy on dips....…
 Aluminum Buy @ 99 SL 98 TGT 100.50…..
Open Calls
Date Type
of
Call
Commodity Initiated
Price
Stop
Loss
Target Closing
Price
Comments
16.09.10 Buy Gold Mini 19170 19050 19290-19350 19180
20.09.10 Buy Natural Gas 176 174 179 – 183 176.50
Spread Calls
Date Type
of
Call
Commodity Initiat
ed
Price
Stop
Loss
Spread
Target
Spread
Comments
15.09.10 Buy Natural Gas OCT 194
Sell Natural Gas NOV 207
5000 7000-12000
20.09.10 Buy Crude OCT 3455
Sell Crude NOV 3550
4000 4000-7000
US Economic Indicator
US Economic Data
Time Data Prior Expected
6.00 PM Housing Starts 546 K 550 K
6.00 PM Building Permits 559 K 560 K
11.45 PM FOMC Rate Decision 0.25 % 0.25 %

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Equities Derivatives Commodities Wealth Management Mutual Funds Life Insurance
CD CommoSearch Daily Research Report
Date 21st September,10
Report by: - Sumeet Bagadia.
(Assistant Vice President - Commodity & Currency)
Email: - sumeet.bagadia@cdequi.com
Contact No :- 022 - 30696875
For private circulation only Website: www.cdequi.com
Disclaimer
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is meant for our clients only and is not for public distribution. This material is for the personal information of the authorized
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DayTrader,Vultures Pick.
Commodity S2 S1 Prev. Close R1 R2 Trend
Gold 18990 19050 19102 19150 19240 Buy on dips & Sell on rise….
Silver 31750 31900 32144 32170 32400 Buy on dips & Sell on rise….
Crude 3402 3450 3525 3545 3595 Buy on dips & Sell on rise….
NG 170 174 176.50 178 183 Buy on dips….
Copper 348 351.50 354.15 355 359.60 Buy on dips….
Nickel 1010 1038 1058.30 1077 1100 Buy on dips….
Zinc 95.60 97.10 98.70 98.80 100.40 Buy on dips….
Lead 96.30 97.10 98.75 99.10 101.20 Buy on dips….
Aluminum 96.55 98.20 99.60 99.70 100.70 Buy on dips….