Zinc
Intraday outlook looks upward for zinc. Loss of production in China due to recent snow storm could be supportive to the prices. Prices could correct higher in long term on strong consumer demand.

Intra Day Call: Long MCX March Zinc above 113.50 with STP @ 112.70, Target: 115.20

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 772 with STP @ 765 Target: 785.

Nickel
Intraday outlook looks upward for Nickel. Growing demand for stainless steel in developing economies like China and India positive for the metal. Strength in base metals complex could also be supportive to the prices.
Intra Day Call: Long MCX March Nickel above 1355 with STP @ 1344, Target: 1378

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 135.10 with STP @ 134.30 Target: 136.70

Copper
Intraday outlook looks upward for copper. Loss of production in China due to recent snow storm coupled with continuous decrease in LME inventories and increasing number of cancelled warrants could be supportive to the prices.
Intra Day Call: Long MCX April Copper above 348.25 with STP @ 346.70, Target: 352.00

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 128.10 with STP @ 127.20, Target: 130.05
Refined Soy Oil
Mar : Buy at dips around Rs. 700 fot the profit target-1 of Rs. 703.0, target-2 of Rs. 704.50 , stop loss at Rs. 667.00
April:Buy at dips at Rs. 718.0 for the profit target-1 of Rs. 724.0, target-2 of Rs 726.60, Stop Loss at Rs 715

Cardamom Strategy

A crop loss of over 30% has been estimated this season.
Arrivals are half of what used to be same period last year.
Restricted supply of the crop at the primary as well as upcountry markets despite it being the final phase of peak arrival period is likely to remain a supportive feature for the spice in the days ahead.
Auction prices on Wednesday maintained steady, on low quality arrivals and upcountry demand.
Cardamom prices likely to trade range bound to slightly firm in anticipation of improving demand for capsules . Prices for quality arrivals at open markets was steady on Yesterday.
Cardamom March
Strategy 1: Buy above 697 for targets of 702,705 s/l 694.
Startegy 2: Sell below 694 for targets of 689, 686 s/l 697.
Cardamom April

Strategy 1: Buy above 677 for targets of 682, 685 s/l 674.
Startegy 2: Sell below 674 for targets of 669, 666 s/l 677.