February 10, 2014 4:30 pm ISTVisit us at www.sharekhan.com

Punter’s Call

Silver has been falling in a medium-term falling channel

since the last few months. It found support near the lower

channel line. The bulls provided a support to the white

metal near the channel line. However, silver is yet to

breakout from the upper channel line. The key support

Silver near channel breakout

For Private Circulation only

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Silver

June July August September November December 2014 February March Apr

17.5

18.0

18.5

19.0

19.5

20.0

20.5

21.0

21.5

22.0

22.5

23.0

23.5

24.0

24.5

25.0

25.5

26.0

26.5

0.0%

23.6%

38.2%

50.0%

61.8%

78.6%

100.0%

18.19

20.58

21.98

SILVER [CASH] (19.9100, 20.0600, 19.7300, 19.9800, +0.06000)

-1.0

-0.5

0.0

0.5

1.0MACD (-0.05001)

is at the swing’s low of $18.80, whereas the previous low

of $18.19 is a strong support from the medium-term

perspective. On the other hand, the key resistance is at

$20.58. Once that is crossed on a closing basis, the

precious metal can march till $21.98

Riveting Metals February 10, 2014 Home22

Medium Term Trend

Target Trend Reversal Support / Resistance

Gold Cash US $ 1338.00 1218.00 1218/1338

Silver Cash US $ 21.98 18.19 18.19/21.98

Crude US $ 91.00 100.75 91/100.75

Copper $ (comex) 3.140 3.310 3.14/3.31

Zinc MCX 120.00 131.00 120/131

Nickel MCX 840 910 840/910

Icon guide

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Short Term Trend

Target Trend Reversal Support/Resistance

Gold MCX 30000 28300 28300/30000

Silver MCX 47000 42400 42400/47000

Crude MCX 6300 6050 6050/6300

Copper MCX 435.00 453.00 435/453

Zinc MCX 122.00 129.00 122/129

Nickel MCX 860.00 900.00 860/900

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Momentum Calls

Date Recommendation Stop loss/ Reversal Price (Rs) LTP (Rs) Potential P/L Targets (Rs)(on closing basis) (Rs) at CMP (%)

06-Feb-14 Buy USDINR (spot) 61.9 62.5 62.34 -0.26 63.10-63.60

10-Feb-14 Buy Gold (Apr) 28500 28893 28980 0.30 29400 - 29700

HCL: Hourly closing basis / DCL: Daily closing basis / FMCL: Fifteen minute closing basis / TPB: trailing profit booked

Note: calls are indicative and for record and have been initiated intra-day in the last 24 hours.

Riveting Metals HomeFebruary 10, 201423

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For Private Circulation onlyHome

For February 10, 2014

Day Trader’s Hit List - Evening session

Instrument Support Levels LTP Resistance Levels Action

S2 S1 (Rs) R1 R2

Gold Cash USD ($) 1258.0 1267.0 1273.5 1279 1290.0 Buy Above R1/Sell below S1

Gold MCX Apr 28750 28885 28966 29020 29140 Buy Above R1/Sell below S1

Silver Cash USD ($) 19.80 20.00 20.14 20.25 20.50 Buy Above R1/Sell below S1

Silver MCX Mar 44500 44760 44880 45020 45223 Buy Above R1/Sell below S1

Copper MCX Feb 443.00 445.90 446.8 448.0 451.00 Buy Above R1/Sell below S1

Zinc MCX Feb 125.50 126.20 126.6 127 127.70 Buy Above R1/Sell below S1

Nickel MCX Feb 877.00 883.00 886.6 890.0 898.0 Buy Above R1/Sell below S1

Aluminium MCX Feb 104.50 105.20 105.40 105.70 106.50 Buy Above R1/Sell below S1

Lead MCX Feb 131.50 132.20 132.40 133.00 133.80 Buy Above R1/Sell below S1

Crude Oil USD ($) 98.00 98.85 99.2 99.88 100.46 Buy Above R1/Sell below S1

Crude Oil MCX Feb 6135.00 6170.00 6191 6225 6260.0 Buy Above R1/Sell below S1

Natural Gas MCX Feb 289.00 292.50 295.0 298.0 301.0 Buy Above R1/Sell below S1