DAILY COMMODITY OUTLOOK

25 Oct, 11

th

MCX NICKEL OCT. CONTRACT OPEN `945.10

HIGH

`1001.40

LOW

`945.10

CLOSE

`997.50

MCX NICKEL OCT Contract Technical Outlook & Trading Strategy After the correction from the highs of `1042.70 levels the prices of nickel were trading in a broad range between `900--`955 levels. But the strong rally witnessed during the previous session of trade has helped the price breakout above the important resistance levels and thus close above the broad trading range mentioned above. The rally was also backed by strong surge in volumes which clearly depicts buying interest in the counter. The indicators have also turned into bullish mode. We believe that traders can enter into the counter on any dips towards its near term moving average support.

We recommend traders to buy on dips `975--`969 levels with a stop loss placed below `955.10 levels for upside targets of `995 / `1010 levels.

DAILY COMMODITY OUTLOOK

INVENTORY DATA

25 Oct, 11

th

LME Warehouse Stocks (Inventory) and Volume

24 Oct 2011 METALS

Inventory MT 4,561,375 137,340 154,220 444,275 388,275 87,726 16,985 788,025 +/-3,600 40 600 -3,525 325 906 -515 -2,075

Volume MT 7,407,675 34,640 94,060 3,959,775 870,275 169,428 24,705 2,104,325 +/-1,669,825 -17,100 6,400 -441,650 4,475 -15,078 210 -2,155,600

Aluminum Al Alloy NASAAC Copper Lead Nickel Tin Zinc

KEY SUPPORT RESISTANCE LEVELS

Commodity NCDEX Chana(Nov) NCDEX Pepper(Nov) NCDEX Soya Oil(Nov) NCDEX Jeera(Nov) NCDEX Guarseed(Nov) MCX Copper MCX Nickel MCX Lead MCX Silver MCX Gold MCX Crude Support 1 3321 33823 614 14284 4073 368 961 97 52688 26609 4428 Support 2 3292 33262 612 14137 4042 355 925 94 52298 26492 4311 CLOSE-PRICE 3351 34385 615.80 14430 4103 381.15 997.50 98.95 53077 26726 4546 Resistance 1 3375 35248 619 14626 4142 388 1018 100 53556 26895 4611 Resistance - 2 3400 36112 621 14821 4180 395 1038 101 54034 27064 4677

DAILY COMMODITY OUTLOOK

25 Oct, 11

th

Disclaimer
The views expressed are based purely on Technical studies. The calls made herein are for information purpose only. The information and views presented here are prepared by Matrix Solutions and his associates. The information contained herein is based on their analysis of the Charts and up on sources that are considered reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended on this Website may not be suitable for all investors. Past performance may not be indicative of future performance. Some of the securities/commodities presented herein should be considered speculative with a high degree of volatility and risk. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. You specifically agree to consult with a registered investment advisor, which we are not, prior to making any trading decision of any kind. While acting upon any information or analysis mentioned on this website, investors may please note that neither Matrix Solutions nor any person connected with him accepts any liability arising from the use of this information and views mentioned herein. Matrix Solutions and his affiliates may hold long or short positions in the securities/commodities discussed herein from time to time the services are intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities/commodities, or any options, futures or other derivatives related to such securities/commodities. Part of this website may contain advertising and other material submitted to us by third parties. We do not accept liability in respect of any advertisements. You acknowledge that any warranty that is provided in connection with any of the products or services advertised on this website described herein is provided solely by the owner, advertiser, manufacturer or supplier of that product and/or service, and not by us. We do not warrant that your access to the Website and/or related services will be uninterrupted or error-free, that defects will be corrected, or that this site or the server that makes it available is free of viruses or other harmful components. Subscribers are advised to understand that the services can fail due to failure of hardware, software, and Internet connection. Access to and use of this site and the information is at your risk and we do not undertake any accountability for any irregularities, viruses or damage to any computer or Mobiles that results from accessing, availing or downloading of any information from this site. We do not warrant or make any representations regarding the use or the results of the use of any product and/or service purchased in terms of its compatibility, correctness, accuracy, reliability or otherwise. You assume total responsibility and risk for your use of this site and site-related services. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exists that unauthorized additions, deletions or alterations could be made by third parties to the site. Although we attempt to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event that such an inaccuracy arises, please inform our staff so that it can be corrected. Price and availability of products and services offered on the site are subject to change without prior notice. To the extent we provide information on the availability of products or services you should not rely on such information. We will not be liable for any lack of availability of products and services you may order through the site. Transactions shall be governed by and construed in accordance with the laws of India, without regard to the laws regarding conflicts of law. Any litigation or any action at law or in equity arising out of or relating to these agreement or transaction shall be subject to Mumbai jurisdiction only and the customer hereby agrees consents and submits to the jurisdiction of such courts for the purpose of litigating any such action. A CALL ON SMS is a service given only to members with the sole intention to aid their information means. We do not guarantee any accuracy of generation, databases, delivery timings etc. while giving this facility. Depending on your location, service provider, medium of communication and delivery, the service may be at times slow or not there at all. We do not guarantee completion of delivery. We shall in no way be responsible for delays in receiving SMS on the mobile caused due to delivery methods chosen by the Service Provider, rush on the Service Providers Servers or any other reason whatsoever that may cause such a delay. Use of this website and its services constitutes acceptance of Disclaimer, Privacy Policy and Terms of Use.