1.
Daily Commodity Report
2nd March 2012
MCX GOLD (APRIL 12)
Gold Silver Crude
(5 Apr-12) (5 Mar-12) (19 Mar-12)
Gold opened lower at 28948. It moved higher to touch an intra day
Open 27,948 58,226 5,239 high of 28022. However, it failed to hold on to gains and moved
High 28,022 58,771 5,349 lower to touch an intra-day low of 27730. It ended the day flat to
close at 27925.
Low 27,730 57,120 5,239
Close 27,925 58,332 5,334 The RSI and the Stochastic are placed below their respective
averages, which would lead to selling pressure at regular intervals.
Prev. Close 27,952 57,783 5,227
However, the Stochastic is placed in the over sold territory and
% Change -0.10% 0.95% 2.05% would lead to short covering at lower levels The ADX line and +DI
line are moving sideways. However, the -DI lines is placed above
Source – MCX
the 30 level indicating sellers are gaining strength. MCX GOLD
faces resistance at 28960, 29212 and 29433, while the supports are
Volume (In 000's)
placed at 27557, 26347 and 25500 levels.
01/03/2012 29/2/2012 % Chg.
MCX SILVER (MARCH 12)
Gold (gms) 52,554.0 33,826.0 55.37%
Silver (kgs) 152.9 1,543.8 -90.10% Silver opened higher at 58226. It touched an intra day high of 58771
and an intra-day low of 57120. It ended the day with moderate gains
Crude (bbl) 14,038.5 14,880.0 -5.66%
to close at 58332.
Source – MCX
The Stochastic and the RSI are placed below their respective
Turnover (In Lacs) averages, which would lead to selling pressure. The -DI line is
moving sideways, while the +DI line and ADX are placed above the
01/03/2012 29/2/2012 % Chg. 30 level but are falling everyday, indicating buyers are booking profit
Gold 1,465,263.4 971,686.8 50.80%
at regular intervals . MCX Silver faces resistance at 61708, 65159
and 66261 while the supports are placed at 56157, 51029 and
Silver 88,438.5 905,168.3 -90.23% 50252 levels.
Crude 745,567.1 746,312.0 -0.10%
MCX CRUDE (MARCH 12)
Source – MCX
Crude opened higher at 5339 level. Incidentally, this was also the
Global Market (Nymex - $) lowest price for the day. It moved higher to touch an intra day high
of 5349. It ended the day with handsome gains to close at 5334.
02/03/2012 01/03/2012 % Chg.
Gold (oz) 1,721.00 1,722.00 -0.06% The RSI and Stochastic are placed below their respective averages,
which would lead to profit taking and selling pressure. The –DI line,
Silver (oz) 35.39 35.66 -0.76%
ADX line and +DI line are moving sideways. It faces resistance at
Crude (bbl) 108.63 108.84 -0.19% 5436, 5462 and 5498 while the supports are placed at 5150, 5095,
4905 and 4727 levels.
Dollar Index 78.86 78.79 0.09%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAR 12 5334 5307 5376 5417 5527 5266 5197 5087
GOLD APR 12 27925 27892 28055 28184 28476 27763 27600 27308
SILVER MAR 12 58332 58074 59029 59725 61376 57378 56423 54772
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

2.
US Economic Calendar:
Monday Tuesday Wednesday Thursday Friday
Mar. 05 Mar. 06 Mar. 07 Mar. 08 Mar. 09
Factory Orders 1 Month bill auction Bank Reserve Jobless claims International Trade
Settlement
Non-Manufacturing 1 Year bill Auction Consumer Credit Bloomberg consumer Wholesale trade
Index comfort index
3-month, 6-month bill ICSC - Goldman Store Productivity and Costs Money supply Employment situation
auction Sales
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
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.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com