1. Daily Commodity Report
9th January 2013
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
08-Jan-13
Gold opened higher at 30910 but moved further lower to touch an
Expiry 5-Feb-13 5-Mar-13 21-Jan-13 intra-day low of 30865. However, it managed to bounce back from
Open 30,910 58,050 5,152 lower levels to move higher and touched an intra-day high of
30995. It ended the day with modest gains to close at 30974.
High 30,995 58,650 5,169
Low 30,865 58,050 5,115 The Stochastic has moved above its average. Moreover, the RSI is
already placed above its average. These positive conditions would
Close 30,974 58,470 5,120 lead to buying support. The +DI line, the -DI line and ADX line are
Prev. Close 30,863 57,983 5,149 moving sideways, indicating a range bound trend. MCX Gold faces
resistance at 31535, 31702 and 31790 while the support levels are
% Change 0.36% 0.84% -0.56%
placed at 30916, 30475, 30366, 30150 and 29607.
Source – MCX
MCX SILVER (5 MARCH 13) –
Volume (In 000's) Silver opened higher at 58050. Incidentally, this was the lowest
price recorded for the day. it managed to move higher and touched
8-Jan-13 7-Jan-13 % Chg. an intra-day high of 58650. It ended the day with moderate gains to
Gold (gms) 30,106.0 35,429.0 -15.02% close at 58470.
Silver (kgs) 1,920.1 2,028.9 -5.36% The Stochastic has moved above its average. Moreover, the RSI is
Crude (bbl) 17,612.4 14,892.1 18.27%
already placed above its average. These positive conditions would
lead to buying support. The +DI line, the -DI line and ADX line are
Source – MCX moving sideways, indicating a range bound trend. MCX Silver
faces resistance at 59483, 61484 and 63224 while the supports are
Turnover (In Lacs) placed at 57049, 56372 and 55952 levels.
8-Jan-13 7-Jan-13 % Chg.
MCX CRUDE (21 JANUARY 13) –
Gold 930,851.6 1,096,771.8 -15.13% Crude opened higher at 5152 and moved further higher to touch an
intra-day high of 5169. However, it failed to sustain higher and
Silver 1,119,216.9 1,179,124.0 -5.08% moved lower to touch an intra-day low of 5115. It ended the day
Crude 906,057.1 764,241.9 18.56% with moderate losses to close at 5120.
Source – MCX The Stochastic and the RSI have slipped below their respective
averages. Moreover, both the RSI and Stochastic are also placed
Global Market (Nymex - $) in the over bought zone. These negative technical conditions would
09/01/2013 08/01/2013 % Chg. lead to selling pressure. The +DI line remains placed above the -DI
line and is also placed above the 36 level, but has come off its
Gold (oz) 1,658.50 1,662.20 -0.22%
recent highs indicating buyers are booking profits regularly. It faces
Silver (oz) 30.38 30.47 -0.30% resistance at 5126, 5157 and 5300, while the supports are placed
WTI Crude (bbl) 93.02 93.12 -0.11%
at 5085, 4989, 4788, 4755, and 4727.
Brent Crude (bbl) 111.72 111.94 -0.20% Positional Call – SELL MCX CRUDE (21 JANUARY 13) below
Dollar Index 80.41 80.32 0.11% 5106, Stop Loss 5169 Target of 4975
Source – www.cmegroup.com
Sanjay Bhatia (AVP – Technical Research)
Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
NOTE – Stop Losses should be considered strictly on Closing
Basis
Commodity News:
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

2. Bihar, Eastern UP farmers selling rice below MSP
Despite a significant increase in support prices and bumper production of rice, farmers in eastern states are forced to
sell the grain at much lower prices due to the absence of suitable state intervention mechanism. Data show more than
a 50% decline in rice procurement by Food Corporation of India (FCI) in Bihar and eastern Uttar Pradesh, the major
rice producing states. Procurement, however, has improved in West Bengal and Odisha after a central team visited
these states and examined the process.
Gold halts three-day decline as weaker dollar increases demand
Gold today gained for the first time in four days as a weaker dollar and prices near a four-month low increased investor
demand. The gold added 0.2 per cent to 1,651 dollar an ounce. It reached to 1,625.85 dollar on January 4, the lowest
since August 21. Silver rose 0.4 per cent to 30.25 dollar an ounce. Bullion slumped to a four-month low on January 4
after minutes from the Federal Reserve showed that policy makers may end 85 billion dollar in monthly bond
purchases some time this year, boosting the US Dollar Index to a six-week high.
Source: ET
Economic Calendar:
Countries / Wednesday Thursday Friday
Regions 09/13 10/13 11/13
India M3 Money Supply (Dec 30) FX Reserves, USD (Jan 6)
Industrial Output (Nov)
Manufacturing Output (Nov)
Bank Loan Growth (Dec 23)
US 10-Year Note Auction Wholesale Inventories (Nov) Trade Balance (Nov)
EIA Crude Oil Stocks change Import Price Index (YoY)
30-Year Bond Auction
(Dec 29) (Dec)
Euro Gross Domestic UK Industrial Production
Global China Trade Balance (Dec)
Product s.a. (QoQ) (Q4) (MoM) (Nov)
Industrial Production (YoY) BoE Interest Rate Decision UK NIESR GDP Estimate
(Dec) (Jan 10) (3M) (Dec)
Japan Trade Balance - BOP
Basis (Nov)
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
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.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com