MCX Tips By 24-02-2011

Daily Newsletter24/02/2011

Daily Newsletter-Commodity

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MARKET WRAP

Gold rises above $1,410/oz

Copper dips as unrest spurs inflation worries

Base metals down second consecutive day

Crude oil climbs above $99 on Libya unrest

25 percent of Libyan oil output shut

Gold topped $1,400 an ounce in Europe on Wednesday as tensions in Libya increased

interest in the metal as a haven from risk and the dollar fell, but gains were limited by

concerns its run higher may have been overdone. Copper prices fell to their lowest

levels in nearly a month on Wednesday as worries over unrest in North Africa boosted

oil prices.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Thu Feb 24

12:00am USD FOMC Member Plosser Speaks

12:30pm EUR German Final GDP q/q 0.4% 0.4%

7:00pm USD Core Durable Goods Orders m/m 0.4% 0.8%

7:00pm USD Unemployment Claims 403K 410K

7:00pm USD Durable Goods Orders m/m 2.5% -2.3%

8:30pm USD New Home Sales 330K 329K

8:30pm USD OFHEO HPI m/m -0.2% 0.0%

9:00pm USD Natural Gas Storage -73B -233B

9:30pm USD Crude Oil Inventories 1.1M 0.9M

TECHNICAL

GOLD(APR)

COPPER(FEB)

NATURALGAS(FEB)

ZINC(FEB)

• Consolidate

• Buy on dips

Trend

Strategy• R2 -21120

• R1 -20980Resistance

• S1 -20780

• S2 -20650support

• Consolidate

• Sell on high

Trend

Strategy

• R2 - 441

• R1 - 433Resistance

• S1 - 423

• S2 - 415support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 187

•R1 - 179Resistance

•S1 - 169

•S2 - 161support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 116.5

•R1 - 113.8Resistance

•S1 - 110.2

•S2 - 107.5support

ECHNICAL VIEW

SILVER(MAR

CRUDE(MAR

LEAD(FEB)

NICKEL(FEB

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 51850


• S1 - 49750

• S2 - 48800support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 4650


• S1 - 4420

• S2 - 4340support

• Consolidate

• Sell on high

Trend

Strategy• R2 - 120.8

• R1 - 116.6Resistance

• S1 - 113.5


• Bullish

• Buy on dips

Trend

Strategy

•R2 - 1335

•R1 - 1311Resistance

•S1 - 1266

•S2 - 1233support


[email protected]

Phone- (0731)4295950

MAR)

CRUDE(MAR)

NICKEL(FEB)

Buy on dips

51850

50850

49750

48800

Consolidate

Buy on dips

4650

4560

4420

4340

Consolidate

Sell on high

120.8

116.6

113.5

109.8

Buy on dips

1335

1311

1266

1233

ALUMINIUM(FEB)

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The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not

accept any responsibility (or liability) for errors of fact or opinion.

them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on

analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility

The information given herein should be treated as only factor, while making investment decision. The report does not

provide individually tailor-made investment advice. Capitalhe

particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal

not be responsible for any transaction conducted based on the information g

and regulations of MCX and NCDEX.

The metals price projections shown are not necessarily indicative of future price performance. The information herein,

together with all estimates and forecasts, can chan

holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at

his free will and does not read any views expressed as a r

can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

Investment in Commodity and equity market has its ow

We, however, do not vouch for the accuracy or the completeness thereof.

whatsoever for any financial profits or loss which may arise from the recommendations above.

purport to be an invitation or an offer to buy or sell any financial instrument.

anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone

which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 116.5

•R1 - 113.6Resistance

•S1 - 111.2



accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits


analysis and up on sources that we consider reliable.

rial is for personal information and based upon it & takes no responsibility


made investment advice. Capitalheight recommends that investors independently evaluate

particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules

price projections shown are not necessarily indicative of future price performance. The information herein,

together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight


his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone


Investment in Commodity and equity market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred

whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight

rt to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or


received directly or indirectly by them. If found so then Serious Legal Actions can be taken.


[email protected]

Phone- (0731)4295950


Users have the right to choose the product/s that suits



ight recommends that investors independently evaluate

particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall

iven in this report, which is in violation of rules

price projections shown are not necessarily indicative of future price performance. The information herein,

Capitalheight might be


ecommendation for which either the site or its owners or anyone


we are not responsible for any loss incurred

Capitalheight does not

Our Clients (Paid Or Unpaid), Any third party or


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