The base metal complex traded mostly low for the day as the dollar index roared for the day, while the Asian and European equities traded mixed to negative. The prevailing concerns of Greece pressurized the European currencies to trade low for the day, while the consumer confidence data helped some recovery in the late evening session The dollar index, a performance track of basket majors, end low by 0.18% at 80.582, while ticked intraday high at 81.080. It was mainly as Euro moved up by 0.21% and Pound by 0.58% The Euro-zone Consumer Confidence figures for the March month remained same as expected and the prior month’s levels of -17. The improvement in US equities helped some recovery in the base metals. The US House of representative passed a bill for the overhaul in the health care industry OUTLOOK According to International Copper Study Group, the global production of copper gained 0.7% in 2009 from a year ago to 18.35 million tonnes. The Global usage declined 0.1% to 17.99 million tonnes India's Central bank raised the interest rates for the first time in two years, thereby fueling speculation that other economies may also follow similar hikes in their respective economies. Also it can be taken as an indication that the government has begun winding up the stimulus measures Day ahead, the market look forward for a few data releases from the US. The existing homes sales for February month are expecting a fall of 0.05 million M/M basis, however the percentage growth figures are improving from -7.2% to -1.1%. Moreover the Housing Price Index is probable to show some improvement, although in negative territories at -0.80% from prior of -1.60%. The Richmond fed manufacturing index for March month is improving from 2 to 5 Equities trade mostly up in the Asian hours after the US equity markets closed marginally higher. The positive trades in equity market cue similar sentiments in the commodities market as well The dollar index opened at 80.581 and moves up by 0.03%. The basket currencies are wading mostly mixed, unable to set any trend as of now. However dollar index maintaining low during the day would help base metals Consolidating the view we suggest base metals open on a regular note as the electronic session at LME is unchanged as of now. Copper and Nickel are expecting some upside, while others could wade low. The overall data expectations are mixed to positive and thus would bring in momentum triggers in the evening. Moreover the equities and dollar index would be the considerations for the day

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