Commodity Market Review

Bullion Outlook

· Gold fell nearly 3 percent on Tuesday, its largest one-day fall since early July, as

the dollar surged after China unexpectedly raised interest rates and the United

· States said it will not devaluate the dollar.

· Prices dived in heavy trading volume after China surprised markets with its first

rate hike since 2007. Fearing more aggressive monetary tightening in the world's

fastest-growing major economy, investors cut risk exposure by selling equities

and commodities and buying the U.S. dollar.

· China's decision to raise its benchmark one-year interest rate put perceived risk

currencies including the euro and the Australian dollar under pressure, while

sending Wall Street 1.6 percent lower.

Crude Oil:

· U.S. crude oil futures ended more than 4 percent lower on Tuesday, suffering

the biggest one-day percentage loss in more than eight months, as the dollar

strengthened on safe-haven buying following a surprise interest rate increase

in China.

· Investors fear the move could dampen Chinese and global growth and slow

the country's voracious demand for oil and other commodities.

· Crude futures fell back after rising more than 2 percent on Monday, lifted by

higher refined products futures as strikes in France continued to affect fuel

production and oil shipping.

· U.S. retail gasoline demand rose 2.7 percent last week from the prior week,

but dipped 0.9 percent from the same week a year earlier, the MasterCard

Advisors SpendingPulse report said on Tuesday.

Base Metals Outlook

Copper:

· U.S. copper prices finished near the sharply lower levels hit on Tuesday as the

dollar surged on China's surprising announcement that it will raise key

benchmark interest rates this week,

· Copper for December delivery was down 9.75 cents, or 2.53 percent, to finish

at $3.7575 per lb on the COMEX

· Copper tumbled early as the dollar strengthened when top consumer China

said it will raise benchmark interest rates, effective on Wednesday.

· London Metal Exchange copper stocks were down by 500 tonnes at 369,950

tonnes on Tuesday.

For more details contact http://www.insighttechnical.net

From Dealer's Desk

Trading Ideas

• Remain stock specific from current levels.
• Trading ideas which we like are Hindalco (Target Rs244), Elecon (Target Rs108), Nagar Fert (Target Rs40) and KFA (Target Rs88). Traders maintain stop loss accordingly.

Investment Ideas

• Aurobindo Pharma: CMP @ Rs1,140 (Target Rs1,242)

FOR MORE DETAILS CONTACT MR.ANAND AGRAWAL AT 9595139228 OT VISIT http://www.insighttechnical.net

Research Desk review 11/10/2010

Time for a dip

Nifty ended with moderate losses of 50 odd points on weekly basis, after showing a smart rally for five consecutive weeks. Moreover, today's negative weekly close and a sell signal trigger on daily MACD, both indicates that a we are in for a small correction upto 5900 level. Also Nifty has broken both 20- and 50- hourly moving averages, which again signals that a short term correction is ready to gulp the exhausted bulls.

BSE IT

BSE IT index seems to have resumed its uptrend after a 66% correction of the recent rise. Hence in the coming days we may the index scaling new highs. As of now the target is packed at 6300 level

Trading Ideas

· Remain stock specific from current levels.

· Trading ideas which we like are Hindalco (Target Rs244), Elecon (Target Rs108), DCB (Target Rs68) and KFA (Target Rs88). Traders maintain stop loss accordingly.

Investment Ideas

· Aurobindo Pharma: CMP @ Rs1,111 (Target Rs1,242)

More details contact Mr Anand Agrawal at 9595139228 or visit http://www.insighttechnical.net

Technical Report-5/09/210

Technical Review

• Chart of the Day: Andhra Bank extremely healthy price/volume signatures, stock should target 200+
• MSCI World Index daily momentum rolls over, expect a small correction
• Nifty mild exhaustion correction till 6050-6100 possible
• Nifty channel targets now at 6450, correction till 6050-6100 should be bought into
• Bank Nifty should continue its move towards 13000-13300
• Stocks with positive short term bias
• Andhra Bank, BHEL, Infosys, ICICI Bank, Maruti, GIC Hsg, IDBI, L&T
• Stocks with negative short term bias
• Idea, OMCs

For more details visit http://www.insighttechnical.net

Research Review 5/09/2010

Research Views

Shooting Star

Nifty has touched another milestone - 6200 level in early trade on Monday but could not able to hold the same level after initial couple of hours of trade. It traded in a positive terrain but slowly wiped out nearly 75% of gains in the second half of trade and closed with marginal gains. Moreover, it has formed a Shooting Star pattern, which is a sign of exhaustion and hence we may see some profit taking in the near future. However for confirmation one should look for a break below 6144 on closing basis.

BSE Oil & Gas

BSE Oil & Gas sector is forming a bullish pattern on hourly chart and is also standing at the support of 50-hourly simple moving average. Hence in the coming session we may see some positive action in the index. As of now the target for the index is packed at 10950-level.

FOR MORE DETAILS VISIT http://www.insighttechnical.net