18-Feb-15

FOR PRIVATE CIRCULATION ONLY

37

COMMODITY
EXCHANGE
PRECIOUS METALS

30

31

CONTRACT

CLOSE

3X

6X

PRICE TREND

RSI

RSI TREND

OVERALL TREND

MCX

April

26219

26550

26698

Bearish

25.32

OVERSOLD

HOLD

MCX

Mar

36374

37374

37467

Bearish

34.48

NEUTRAL

SELL

COPPER
ZINC
NICKEL
ALUMINIUM
LEAD
STEEL
ENERGY

MCX
MCX
MCX
MCX
MCX
NCDEX

Feb
Feb
Feb
Feb
Feb
AUG

354.3
130.45
881.7
112.55
111.1
30030

356.5
132.6
905.2
113.5
113.1
29980

354.7
132.8
917.2
114.1
113.7
25073

Bearish
Bearish
Bearish
Bearish
Bearish
Bullish

49.17
39.45
27.31
36.89
33.12
30.82

NEUTRAL
NEUTRAL
OVERSOLD
NEUTRAL
NEUTRAL
NEUTRAL

SELL
SELL
HOLD
SELL
SELL
BUY

CRUDE OIL
NATURAL GAS
OILSEEDS

MCX
MCX

Feb
Feb

3247
169.2

3220
171.8

3203
170.0

Bullish
Bearish

57.96
45.97

NEUTRAL
NEUTRAL

BUY
SELL

SOYBEAN
MUSTARD
REFINED OIL
CS OILCAKE
CPO
CASTOR SEED
SPICES

NCDEX
NCDEX
NCDEX
NCDEX
MCX
NCDEX

April
April
April
Mar
Feb
Mar

3427
3400
608.35
1494
463.8
3791

3399
3349
601.2
1478
458.2
3864.8

3401
3319
597.9
1465
456.8
3904.9

Bullish
Bullish
Bullish
Bullish
Bullish
Bearish

51.85
59.51
60.7
64.96
61.21
18.1

NEUTRAL
NEUTRAL
NEUTRAL
NEUTRAL
NEUTRAL
OVERSOLD

BUY
BUY
BUY
BUY
BUY
HOLD

CORIANDER
NCDEX
JEERA
NCDEX
TURMERIC
NCDEX
CARDAMOM
MCX
PULSES AND GRAINS

April
Mar
Apr
Mar

7095
14795
8322
1125.2

7245
14304
8133
877

7323
14229
8091
1006

Bearish
Bullish
Bullish
Bullish

27.56
51.57
55.47
49.31

OVERSOLD
NEUTRAL
NEUTRAL
NEUTRAL

HOLD
BUY
BUY
BUY

WHEAT
MAIZE
CHANA
OTHERS

NCDEX
NCDEX
NCDEX

Mar
Mar
April

1615
1265
3662

1677
1210
3639

1677
1210
3622

Bullish
Bullish
Bullish

31.18
72.41
67.02

NEUTRAL
Overbought
NEUTRAL

BUY
HOLD
BUY

MENTHA OIL
SUGAR
FIBER

MCX
NCDEX

Feb
Mar

741.2
2672

582
2649

668
2650

Bullish
Bullish

38.82
46.15

NEUTRAL
NEUTRAL

BUY
BUY

MCX
NCDEX

MAR
April

15360
747

15261
746

15198
740

Bullish
Bullish

56.29
51.95

NEUTRAL
NEUTRAL

BUY
BUY

GOLD
SILVER
INDUSTRIAL METALS

Cotton
Kapas

FOR PRIVATE CIRCULATION ONLY

KCSL Research: Trend is Friend

KCSL Research is introducing a new technical report. If you believe trend is your friend, and prefer not to trade against the
trend then the signals generated are for you. If you choose to trade against the depicted trend, you are a counter trend
trader. There is usually more risk associated with trading against the trend.

What is the Report?

3x and 6x levels are the moving average of previous 3 and 6 days pivots.
The report is calculated based on end of the day data. We are comparing previous days close with 3x & 6x to determine the
trend. The report may not be effective for live intraday trades.
RSI is technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to
determine overbought and oversold conditions of an asset. It is possible that a commodity continues to rally/decline even
after RSI has given a signal of overbought/oversold.
#N/A in the report implies No Action to be taken.
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 commodity or commodity derivative in any jurisdiction where such an offer or solicitation would be illegal. It is for the general
information of clients of Kotak Commodity Services Limited. 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 Kotak Commodity Services Limited, 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 commoditys fundamentals and as
such, may not match with a report on a commodity'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 forwardlooking 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 commodities mentioned
herein or (b) be engaged in any other transaction involving such commodities and earn brokerage or other compensation or act as a market maker in the commodity/(ies)
discussed herein 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 commodity 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.