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All the base metals are trading lower today tracking weak global cues and weakness in global equities. Going forward,prices will be under pressure due to growing concerns of slowing economic recovery in Euro Zone, weakness in equities and strengthening of dollar. However, falling inventories will limit downside. Prices will continue to track economic releases and movement in global currency and equity markets. As for today, focus will be on German Trade Balance and Industrial Production and US Beige Book.

BUY SOYABEAN NCDEX OCT AT 2070–2065 SL BEL 2060 TGT 2080–2090
http://freencdextips.blogspot.com

standard group:BTST PEPPER 20900 -21000 S/L 20627 TGT 21500

Commenting on the base metals outlook, broking houseKotak Commodity Services (KSCL), said the following:

Copper

Bullion
Gold prices remained strong last week as well as safe haven demand for the metal continued to underpin the strength in the counter. Weaker than expected economic data gave rise to skepticism regarding the economic recovery in the US and has resulted in it reducing the demand for riskier assets.

Subramaniam Sharma, Greenback Forex said that, “The rupee is likely to be firm in early trade on account of sharp gains in the euro, and also positive equity market cues. The range for the day is seen between 46.40-46-75/$.”

Pramit Brahmbhatt, Alpari India said that, “The market will remain rangebound with a negative bias. Next week will be important to gauge the movement of currencies. The range for the day is seen between 46.70-47.10/$.”

Commenting on the base metals outlook, broking houseKotak Commodity Services (KSCL), said the following:

Copper

Q: You got a sell out on gold today?

standard group:BUY GUAR SEED SEPT ABV 2090 T 1 2130 T2 2160 SL 2050

standard group:BUY PEPPER BETWEEN 19750 – 19800 SL BELOW 19450 TARGET 20250 Bookmark

SELL SOYABEAN SEPT BELOW 2015 T 1995 SL 2027

“The trends for spot gold regained vigor yesterday, helped by a much need consolidation and dip towards USD 1,231, finally culminating in taking out USD 1,244, the recent high. With this move, we are one step closer to the record peak of USD 1,264.9 hit in late June this year. However, prices have temporarily slowed down a shade under USD 1,252, the second point of exhaustion on discussion in this report in the last fortnight. Incidentally prices are also presently at the upper extremity of the internal trendline, supporting our surmise that USD  1,252/59 region could indeed tire out this move, or in a secondary but allied approach, plunge once more towards USD 1,231 before taking out the record peak,“ saidAnand James, chief analyst, Geojit Comtrade.

Standard Group : Book Partial profit in Pepper STBT Call at 19650  ( Call Given 19950-20000) If u can wait for Hold the Tgt

The report says, “On Tuesday, lower than expected consumer confidence and Chicago purchase index made the US equity market volatile. The treasury yield decreased, stock market improved and dollar marginally strengthening against yen and Euro ahead of FOMC meet. But later US equities pared its gains as some FED officials stated that there is still downside risk which settled the Dow Jones on flat note at 100014.72. Improved manufacturing activity in China helped the Asian equity market to trade on positive note.

Commenting on the base metals outlook, broking houseKotak Commodity Services (KSCL), said the following:

Copper

TURMERIC SEPT:TREND Consolidate RESISTANCE 2 13480 RESISTANCE 1 13350 SUPPORT 1 13020 SUPPORT 2 12850

Diwali is set to ignite the gold boom in India and the prices are expected to cross Rs 20,000 per 10 gm.

Q: You are bullish on copper?

Standard Group:SELL SOYABEAN SEPT FUT BELOW 2045 T 2022 SL 2066.

GOLD VIEW

COMMOTRENDZ GOLD VIEW 4 THE DAY >>> GOLD NOT ABLE TO CROSS AND HOLD 19000 LVL SHOWS SOME SLUGGISHNESS AT HIGHER LVL. VIEW SELL AROUND 18920-18940 LVL WTI SL ABV 18972 FOR TGT OF 18850-18760 FOR THE DAY. ANY BRAK BLW 18750 WILL SHOW MORE WEAKNESS UPT 18400 LVL. INTL RES 1244$ COMEX GOLD. ANY CROSS N HOLD CAN TAKE GOLD UPT 1250-1258$ LVL. VIEW SELL ON RES OR BUY NEAR SUP MID RANGE TRADING TO BE AVOIDED. RUPEE WEAKNESS PERSIST. ANY MORE WEAKNESS IN EQUITY MARKET WILL TAKE RUPEE TO 48 LVL IN COMING DAYS. WHICH WILL BOOST PRICES IN MCX EVEN IF WEAKNESS SEEN IN INTL GOLD PRICES.

BUY PPRMLGKOC(PEPPER)
buy above 20250, tgt 1 20500, tgt2, 20650 s/2050

By Renisha Chainani
Believe it or not seasonal factors do affect Gold price levels! This probably sounds counter intuitive initially. Investors and speculators can buy and sell Gold anytime regardless of the passing of the calendar year, so why does the time of year matter? The answer is quite logical. It matters because calendar seasons greatly affect gold investment demand.

By Dan Norcini
The equity bulls were salivating over the prospect of watching another episode of “let’s take the shorts out and slaughter them all” as the world eagerly awaited the giving of the law from Mt. Jackson Hole. With claps of thunder in the background and with flashes of lightning interrupting his keen observations upon the state of the US economy, (some swear that they saw the angelic host), the prophet of Monetary religion sounded forth his prognostications and then looked upon his handiwork. He then saw that his work was good and sat down and rested on the seventh day.

Q: You are bullish on gold today?

Jeera has breached theshort term support line of Rs 14,500 (S) and today`s down fall confirms bearish undertone. This breach was important as it would now give momentum to the price to test Rs 13,790, said Dharmesh Bhatia, senior technical analyst, Kotak Commodity Services.

Commenting on the base metals outlook, broking houseKotak Commodity Services (KSCL), said the following:

Copper

Ajay Jain, a leading astro-finance consultant and CEO ofastromoneyguru.com said, Aug. 25, 2010 is represented by planet Ketu and year 2010 represented by Jupiter. Venus, Mars and Saturn making conjunction in Kanya Rashi. Saturn, Mars and Jupiter are at square angel. Today Rahu is in Dhanu Rashi. Jupiter, Saturn, Rahu and ketu are at square to each other.   This combination will lead mixed trend in Indian stock andcommodity market. It is important to trade with levels and timely profit booking is mandatory in short term trading.“

Q: Is it time to buy gold again?

Karvy Forex Research has come out with a research report on currencies. The broking firm is expecting rupee to trade on mixed note.