COMMODITY WRAPUP
GOLD
GOLD MCX Short term trend is down, Immediate support @ 29250 Immediate Resistance @ 29450 yesterday GOLD

MCX Closed @ 29378 . Yesterday Intraday Range of GOLD MCX was 467 Volumes were 14400lots. For today Keep a

close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD ABOVE 29460 TGTS 29540/29640 SL 29340

SELL GOLD BELOW 29240 TGTS 29160/29060 SL 29360


SILVER
SILVER MCX Short term trend is down, Immediate support @ 43050 Immediate Resistance @ 43750 SILVER MCX Closed

@ 43220 . Yesterday Intraday Range of SILVER MCX was 1370. Volumes were 36380 lots. For today Keep a close eye on US

data, volatility may Rule the overall Market due to USDINR Movements.

BUY SILVER ABOVE 43550 TGTS 43750/44050 SL 43150

SELL SILVER BELOW 43050 TGTS 42850/42550 SL 43400

DHANIYA
In Dhaniya daily chart, there is some profit booking in upper level, but signs bullish, continue in upcoming trading

session, fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI and

MACD are above from mid range have plus point of bullishness. Immediate support @ 8300 and immediate resis-

tance @ 8290.

BUY DHANIYA FEB ABOVE 8390 TGTS 8420,8470 SL 8340

SELL DHANIYA FEB BELOW 8300 TGTS 8270,8220 SL 8350

SPECIAL NEWS
Spot gold was down 2.1 per cent at $1,242.60 an ounce
at 1503 GMT, while US gold futures for February delivery were down $20 an ounce at $1,242.20. Selling
accelerated as the metal broke support at $1,250 an
ounce, Orders were triggered below $1,250. The Federal Reserve reducing QE3 (third programme of quantitative easing) and US Q4 GDP were positive for the dollar and the US economy in general. Wall Street also
rebounded at the open on Thursday after data showed
robust household spending and rising exports helped
the US economy to grow 3.2 per cent in the fourth
quarter.

SPDR Gold Trust, the world's largest gold-backed ex-
change-traded fund, saw a rare inflow of fresh investment on Wednesday. Holdings increased by 2.10 tonnes to 792.56 tonnes - though that figure is still near a
five-year low. In other precious metals, platinum fell
1.8 per cent to $1,382.24 an ounce, tracking losses in
gold. The metal drew little support from news that
South Africa's AMCU union had rejected a 9 per

COMMODITY BUZZ
Japan unemployment rate came at a seasonally adjusted
3.7 percent in December, the Ministry of Internal Affairs
and Communications said on Friday. The figure was down
from 4.0 percent in November. The job-to-applicant ration was 1.03, up from 1.00 in the previous month. The
participation rate was 59.0, down from 59.7 a month earlier. The number of employed persons in December was
63.19 million, an increase of 910,000 or 1.5 percent on
year. The number of unemployed persons in December
was 2.25 million, a decrease of 340,000 or 13.1 percent on
year.


Industrial production in Japan was up a seasonally ad-
justed 1.1 percent on month in December, the Ministry of
Economy, Trade and Industry said on Friday, rising for
the first time in two months and following the 0.1 percent
contraction in November. On a yearly basis, industrial
production climbed 7.3 percent, up from 4.8 percent in
the previous month. For the fourth quarter, industrial
production was up 1.9 percent on quarter.

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