Zinc
Intraday outlook looks downward for zinc. Profit taking is expected after the recent sharp rally. Prices could correct higher in long term on strong consumer demand.

Intra Day Call: Short MCX March Zinc below 110.90 with STP @ 111.70, Target: 109.50

Tin
Intraday outlook looks upward for tin due to the supply disruptions issues. Uncertainty in Indonesia regarding the regulations governing Tin mines could be supportive to the prices.
Intra Day Call: Long MCX March Tin above 757 with STP @ 745 Target: 770.

Nickel
Intraday outlook looks downward for Nickel. Growing concerns about US economy going into recession which could have a negative impact on the demand for stainless steel could be dampening to the prices of nickel.

Intra Day Call: Short MCX March Nickel below 1323 with STP @ 1332, Target: 1305

Lead
Intraday outlook looks upward for Lead. Supply disruption in china & floods in Australia's Queensland state are hampering exports from there which tightening the supply and could fuel the prices in short term.
Intra Day Call: Long MCX March Lead above 134.40 with STP @ 133.60 Target: 135.90

Copper
Intraday outlook looks downward for copper. Growing concerns about US economy going into recession which could have a negative impact on the demand for copper used in housing sector could be dampening to the prices.
Intra Day Call: Short MCX April Copper below 337.15 with STP @ 338.35, Target: 332.85

Aluminum
Intraday outlook looks upward for aluminum due to higher thermal coal prices, power shortages in South Africa & China, likely to curb their aluminum production growth in 2008. relatively steady and looks firm. There has been supportive buying by European consumers due stronger EUR inducing buying.

Intra Day call: Long MCX March Alum above 123.70 with STP @ 122.90, Target: 124.95
Crude Oil
Crude oil may trade in the range of 3980 to 4030. Further movement would depend on actual inventory data to be released at 9pm today and OPEC meeting at Vienna. Expected inventory for crude oil is a gain of 2.4 million barrels.Natural Gas
Natural gas
Natural gas prices may remain in the range of 375 to 379. In case prices break support at 375, prices may further recede towards 371 levels
Gold
Gold seems to Bearish , Can initiate a sell position around 12490 levels with a stop loss around 12540 levels with a profit target of 12410 and next target 12380
Silver
Silver seems to be bearish, can initiate a sell position around 25260 levels with a stop loss around 25360 levels and the profit target 25100 , next target 25000
Refined Soy Oil
Market View:Market Expectatin rebound from lower circuit
Mar : Sell at Rs. 699 fot the profit target-1 695, target-2 693 , stop loss 702
April:Sell at Rs. 708 for the profit target-1 Rs. 704, target-2 Rs 702 Stop Loss Rs 711