DAILY COMMODITY REPORT 21ST JANUARY 2013

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 HEADLINES

Govt may hike import duty on gold in Budget. A hike in the import duty on gold to curb its imports and tax sops to encourage people to replace idle gold with financial instruments may be in the offing. The

TRADING TIP:

Finance Ministry is said to be considering these moves which may find a mention in the Budget . In the last two months gold imports have risen. It is a cause of concern. Steps are needed...something will be announced in Budget...may be an import duty hike," a senior Finance Ministry official said. Finance Minister P Chidambaram has already expressed concern over rising imports of the precious metal and hinted at hiking duty on gold imports to curb its demand. Precious, base metals, crude may trade

Buy Crude oil Feb Above 5170 TGTS-5200/5250 SL-5130

Buy Lead Jan Above 124.20 TGTS-126/128 SL-123.40

positive Epic Research has come out with its report on international commodities. According to the research firm, in the evening session, precious, base metals and crude oil prices are expected to trade with upward bias due to expectation of favorable data from the US . Tertiary Industry Activity of Japan declined by 0.3 percent in November LME stocks of copper declined by 0.9 percent .

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI GUR JEERA

7/19/2012 7/19/2012 7/19/2012 7/19/2012 7/19/2012

4556 5060 1188 14955 1044

4573 5060 1188 14960 1053

4525 5018 1178 14650 1035

4560 5120

4532 5018 1178 14800 1041 0.25 42435 0.10 781.3 4315 -0.10 4540 -0.04 1282 0.12

-28 -102 -5.5 -252.5 -8 45 -1.55 12 -124 36

-0.61 -1.99 -0.46 -1.68 -0.76 5164.00 0.11 944.70 -0.2 0.28 59378.00 -2.66 30581.00 2.89 123.90

DAILY MARKET STATISTICS

1183.5 15052.5 1049

Symbol

Expiry Date

PCP

% Change

LTP

KAPAS

Crude Oil PEPPER 7/19/2012 Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012

21-Jan-13 42300 42555 31-Jan-13 780.5 783.6 4309 5-Mar-13 4330 4600 4676 5-Feb-13 1251 31-Jan-13 1282

5151.00 42250 42390 943.80 777.4 782.85 4265.5 59438.00 4303 4518 4664 30594.00 1251 123.75 1246

Zinc

31-Jan-13

109.10

0.14

109.25

Copper

28-Feb-13

438.40

0.06

438.65

Aluminium

31-Jan-13

108.90

0.18

109.10

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 DAILY MCX GOLD CHART

ANALYSIS
OPEN: 30551 HIGH: 30589 LOW: 30550 CLOSE: 30581

GOLD LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

 DAILY MCX SILVER CHART

ANALYSIS
OPEN: 59347 HIGH: 59400 LOW: 59335 CLOSE: 59378

SILVER LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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