China Manufacturing Data Contracted

December, 1, 2011 (03:00pm) :-  China's manufacturing data's are slides to 49 below 50, a signal of contraction by which whole Chinese economy affected.
Due to the European crisis, the global demand is weak which Chinese affected the most because china is the only market which manufactures the product an unbelievable cost.
Global demand still weak this may be continues by next 2 - 3 months.
Base metal prices are higher composed to 2010 levels, the profit levels also drooped by 5% to the manufactures.
Base metals trends looking down in December.
Cooper may be range Rs 370 - Rs 440
Zinc mzy be range Rs 97 - Rs 113.
Nickel may be range Rs 870 - Rs 960.
Lead may be range Rs 98 - Rs 112.

China Manufacturing Data Contracted

December, 1, 2011 (03:00pm) :-  China's manufacturing data's are slides to 49 below 50, a signal of contraction by which whole Chinese economy affected.
Due to the European crisis, the global demand is weak which Chinese affected the most because china is the only market which manufactures the product an unbelievable cost.
Global demand still weak this may be continues by next 2 - 3 months.
Base metal prices are higher composed to 2010 levels, the profit levels also drooped by 5% to the manufactures.
Base metals trends looking down in December.
Cooper may be range Rs 370 - Rs 440
Zinc mzy be range Rs 97 - Rs 113.
Nickel may be range Rs 870 - Rs 960.
Lead may be range Rs 98 - Rs 112.

Technical Coverage On Gold & Silver

November, 29, 2011 ( 03:30pm ) :-  Gold looking week due to the settlement provide in MCX.
Today, Gold trading near their 100 day moving average of Rs 28,600 still above Rs 28,600 gold trend supportive for upside.
Silver was also trend looking weak due to the settlement period in MCX. Silver looking down under RS 56,500 for a target Rs 54,600 - 53,200 in next few days.
Today Gold & Silver technical charts showing weakness by which we are expecting Gold may be drops to Rs 28,500 - 28,340.
USA consumer confidence data's are releasing today & strong expectation of huge recovery in data's which are directly pressurize Silver & Gold in the downside levels.
So, Let's see the data tonight.

COPPER GAINING DEMAND CONFIDENCE

 Fed Raises Discount Rate By 0.75 % On 18 Feb Signaling end Of New Stimulus Measures, this Action Show A Smooth Recovery In Economy From Recession, By Which  Industrial Demand Is Going To Peak In  Next few Years.

Copper Witnessed A Fresh Positions build Up In Long side In all Global exchanges. Copper Demand Is On Rising Month By Month. Many Developed & Developing countries Begins To Increase Their Exports & Imports , Demand In Mining sector Is On Peak In India. Continuous Rising Growth Seen At This sector. Auto Industry Showed Biggest Recovery Since Recession. Demand Of Copper Made Products Rising 7 - 10 %  Till 2012.

From Last Many Stimulus Packages Helps Copper Price To Recover From Rs 138 To Rs 340 In MCX. But LME Inventories Is On Near 5 Year Highs. Copper Funds Increasing Their Holdings On Increasing Demand Out Look & Also Increasing Their Price Outlook.

Copper Looking To hit $ 4.20 - 6.00 lb till 2012 - 2013.
 In MCX Our Copper Price Target Of Rs 380 - 400 - 440 In 2010. I Expects It Will Trades In Range Of Rs 250 - 440 In 2010.