Sharekhan Commodities Buzz dated April 20, 2007

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Commodities Buzz [April 20, 2007] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Guar seed: Trading sideways Guar seed and guar gum spot prices are seen moving sideways in the week ahead. Higher prices are expected to see some profit booking and buying is expected at lower levels. Optimistic monsoon forecast should exert some pressure at higher levels too. However, most traders are expecting monsoon this year to be on the same line as last year's. Both gum and seed should be range-bound.

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

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