Sharekhan Commodities Buzz dated May 22, 2007

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Commodities Buzz [May 22, 2007] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Chana: Long liquidation Prices have continued their downtrend from Saturday due to cutting of long positions in June. Since only 3,810 tonne chana was delivered against the May contract, with total warehouse stock at over 27,000 tonne, most of the remaining stocks are likely to be delivered in June. Open interest in July rose 1,780 tonne on the back of 1.55% fall in prices, indicating fresh short positions in the contract.

Regards, The Sharekhan Research Team myac...@sharekhan.com

 

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[Deadpresident]

Commodities Buzz [May 22, 2007] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Chana: Long liquidation Prices have continued their downtrend from Saturday due to cutting of long positions in June. Since only 3,810 tonne chana was delivered against the May contract, with total warehouse stock at over 27,000 tonne, most of the remaining stocks are likely to be delivered in June. Open interest in July rose 1,780 tonne on the back of 1.55% fall in prices, indicating fresh short positions in the contract.

Regards, The Sharekhan Research Team myac...@sharekhan.com

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