The document provides a daily research report on commodity prices and analysis. It summarizes movements in gold, silver, crude oil, natural gas, and other commodity prices. It provides technical analysis on gold and pepper, noting levels of support and resistance. The report concludes with trading recommendations, including advising to buy gold and other commodities on dips in price.

1. CD CommoSearch
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Daily Research -Report
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Date 11th October,10
Turnover of 08.10.10 Commodity Rate Rate Up / Down
11.10.10 08.10.10
Exchange Turnover ( Cr.) Gold $ 1350.80 $ 1345.30 $ 5.50 $
MCX 47075 Silver $ 23.31 $ 23.10 $ 0.21 $
NCDEX 2914 Crude $ 83.10 $ 82.66 $ 0.44 $
USDINR 44.4750 44.56 - 0.0850
Gold
Gold prices continue to remain strong on continued
uncertainity about economic conditions and also the
chances of further easing of U.S. monetary policy. US
Federal Reserve likely to boost US economy which
may weaken US Dollar because of this Gold might
remain up in next few months. According to present
economic conditions Gold will still be taken as safe-
heaven investment, so we increase our targets to 1380
and 1410$ in next few months.
Technically, Gold is in upward direction, prices are
trading near life high of 19700 levels in MCX. Any
small correction till 19500 or 19200 will be a very good
buy opportunity for the targets of 20000 Rs. in next few
weeks. Next few days prices might consolidate at
current levels and can give correction till 19200-19300
levels.
In long term we are expecting Gold prices to give
returns of 15 %, once if the prices are able to break
20000 mark then we can expect prices till 21500 in
next few months. So any small correction will be a buy
opportunity for the target of 20000 and 21500 Rs.. We
maintain our bullish view on Gold.
Pepper
Pepper prices were down because of weak export demand and high arrivals, based on these
news prices of pepper have corrected by more then 10% in last one month. Also new arrivals for
Pepper will begin in next one or two month. As far as present scenario is concerned demand for
pepper in domestic market can be high because of festive season ahead, so based on these
fundamental reasons we don’t expect pepper prices to fall much or below 18000 levels and on
the higher side we again expect pepper prices to touch the level of 20000 and 21000 by the
month of November.
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Daily Research -Report
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Date 11th October,10
Technically we can seen that, Pepper prices are
moving in a downward direction from past one month,
we have seen prices of pepper has touched levels of
21700 in the month of July and from there the prices
have come down to 18000 levels.In short term we
expect prices to consolidate and give upward movemnt
till 19500 or 20300 levels. The commodity is very good
to buy, whenever we see prices of pepper around
18000 & 18200 levels, overall we expect prices of
pepper to remain bullish and can again touch the
levels of 21000 in next two months. If prices of pepper
are able to break 17500 levels then the commodity will
not be bullish, till the time prices are above these
levels any small correction should be used as buying
opportunity for the targets of 21000. We maintain our
bullish view in the commodity for next one to two
months.
Gold Chart
GOLD 10GM - 1 KG - 1 MONTH (19,482.00, 19,548.00, 19,473.00, 19,529.00, +64.0000) 20000
19500
19000
18500
18000
17500
17000
16500
16000
Relative Strength Index (66.7025)
80
75
70
65
60
55
50
45
40
35
30
25
Volume (2,800,000) 80000
70000
60000
50000
40000
30000
20000
10000
x1000
28 4 11 18 25 1 8 15 22 1 8 15 22 29 5 12 19 26 3 10 17 24 31 7 14 21 28 5 12 19 26 2 9 16 23 30 6 13 20 27 4 11 18 25
2010 February March April May June July August September October
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Daily Research -Report
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Date 11th October,10
Daily Trading Range
 Gold today’s trading level are 19500 – 19700.
 Intraday support @ 19410 – 19500 and Resistance @ 19670 - 19750.
 Intraday Trend UP, Buy on dips....…
 Gold Buy @ 19530 SL 19410 TGT 19650 – 19710…..
Open Calls
Date Type Commodity Initiated Stop Target Closing Comments
of Price Loss Price
Call
27.09.10 Buy Crude 3450-3480 3300 3610-3750- 3624 Almost 2nd Tgt
3870-4100 Achieved @ 3730.
US Economic Indicator
US Economic Data
Time Data Prior Expected
NO US Data.
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Daily Research -Report
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Date 11th October,10
Day Trader, Vultures Pick.
Commodity S2 S1 Prev. Close R1 R2 Trend
Gold 19410 19500 19529 19670 19750 Buy on dips ….
Silver 34400 34650 34701 35000 35230 Buy on dips ….
Crude 3540 3570 3685 3730 3770 Buy on dips ….
NG 156 160 162.50 164 167 Sell on rise ….
Copper 366 369 369.70 374 377 Buy on dips ….
Nickel 1070 1082 1087.10 1102 1112 Buy on dips ….
Zinc 100.30 101.40 101.30 103.25 104.10 Buy on dips ….
Lead 100.10 101 101.10 102.90 103.80 Buy on dips ….
Aluminum 104.40 105.50 106.75 107.30 109 Buy on dips ….
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
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