GOLD:- Gold has made the high of 1388.1 against our expected upper range of 1391.We see a good support at 1342 & very strong one at 1320.On the upside we are expecting a one more minor high above the 1388.1 during the initial part of the week. This should ideally be followed by a violent decline to 1342 or still lower. We recommend selling short around 1395  with the stop of 1400 for the target of 1342 &1320.In rupee terms sell short above 20000 with the stop of 20200 for 19500-19200.

SILVER:-  Silver made the high of 24.95 against our expectation of 23.65 & 25.20. We are expecting a parabolic rise in silver to 25.70 levels in the first two days of the week & then violently react towards the 23.00 level. We advise to  go short 25.50-25.70 range with the stop of 26.00 for the initial target  of 24.10& later 22.95. In rupee terms go short on first sign of reversal above 38500  with the stop of 40000 for the  target of 35500.

CRUDE:- Crude moved sideways & consolidated in the range last week against our expectation of the rise. However we still recommend going long at 81.00-81.10 with the stop of 80.50 for the initial target of 83.80 & then 87.00. In rupee terms buy around 3650 with the stop of 3625 for the target of 3775 & 3890 in NOV Future at MCX..

NATURALGAS:- Natural gas has exhibited  slowdown in downward momentum. We are expecting a strong support at 3320 on downside. We recommend holding the short position with the stop of the 3750 for the target of 3400.In rupee terms hold short position at MCX OCT FUT with the stop of 177 for the target of 152.

COPPER:- Copper has made the high of 386.75 & we see strong resistance at 390.00. We recommend going short  around  388 with the stop of 392 for the target of 365. In rupee terms go short Nov Future MCX around 378 with the stop of 382 for the target below 364 in next two  weeks.

LEAD:-  For the last week's long call we are revising target upward to 2520 & stop loss to 2365. In rupee terms we recommend to hold long position in OCT Future MCX around 101 with the stop of 99.50 for the target of 110 in next two weeks.

NICKEL:- Nickel  has shown very poor momentum. Therefore we recommend long position only on cross above of 24780 with the stop of 24500 for the target range of  25700-25800  25700-25800 .We recommend a going long on OCT Future MCX above 1085 with the stop of the 1065 for the target of 1140.

ZINC:-  We recommend holding long of  2285 with the stop of 2250 for the target  of 2550.In rupee term we recommend hold long of OCT Future MCX around 101.50 with the stop of 100 for the target 109.50.