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Daily commodity-report  by epic research 23.04.13
 

Daily commodity-report by epic research 23.04.13

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GOLD MCX has immediate resistance @26535 and on upside @26720. As GOLD MCX trend is down and looks week one should look opportunities to initiate short position on resistance levels and Maintain ...

GOLD MCX has immediate resistance @26535 and on upside @26720. As GOLD MCX trend is down and looks week one should look opportunities to initiate short position on resistance levels and Maintain Target of 25350. If Gold Breaks 25300 on closing basis may face more Panic Sell off.

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    Daily commodity-report  by epic research 23.04.13 Daily commodity-report by epic research 23.04.13 Document Transcript

    • MCX Daily Report (23 April 2013)1 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966MCX Commodity Evening Report!!!23ndApril 2013, Tuesday
    • MCX Daily Report (23 April 2013)2 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966MCX BULLIONS TECHNICAL LEVELSGOLD MCX FOUR HOUR CHART & LEVELSFOUR HOUR CHART – MCX GOLDJUSTIFICATIONSUPPORT: Immediate Strong Support @26100 and Strong Support @25350RESISTANCE: Immediate Resistance @26535 and Upside Resistance @26720Comments:GOLD MCX has immediate resistance @26535 and on upside @26720. As GOLD MCX trend is down and looks weekone should look opportunities to initiate short position on resistance levels and Maintain Target of 25350. If GoldBreaks 25300 on closing basis may face more Panic Sell off.
    • MCX Daily Report (23 April 2013)3 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966MCX BULLIONS TECHNICAL LEVELSSILVER MCX FOUR HOUR CHART & LEVELSFOUR HOUR CHART – MCX SILVERJUSTIFICATIONSUPPORT: Immediate Support @42600RESISTANCE: Immediate Strong Support @44100Comments:Silver MCX is facing Resistance on upside @44100 and Strong Support @42600. Is consolidation between a Rangeand best strategy to Trade on Silver MCX is to Sell on Rise around Resistance Levels and buy on dips around Supportlevels. If breaks 42600 more panic selling can be expected.
    • MCX Daily Report (23 April 2013)4 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966ECONOMIC DATA ON 22ndApril 2013Market Consensus before announcement of New Home salesNew home sales in February declined 4.6 percent to an annualized pace of 411,000. But this followed a strong 13.1 percentjump in January. Sales were up 12.3 percent on a year-ago basis. Importantly, seasonal factors are large for winter months andvolatility is common over these months. One modest positive was a rise in houses for sale to 152,000 from 150,000 in January.The combination of a dip in sales and rise in supply put months supply at 4.4 months, compared to 4.2 months in January. Lowsupply recently has been constraining sales.
    • MCX Daily Report (23 April 2013)5 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966DISCLAIMERThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits themthe most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based onanalysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not provideindividually tailor-made investment advice. Epic research recommends that investors independently evaluate particularinvestments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not beresponsible for any transaction conducted based on the information given in this report, which is in violation of rules andregulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein, togetherwith all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holdingpositions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free willand does not read any views expressed as a recommendation for which either the site or its owners or anyone can be heldresponsible for . Any surfing and reading of the information is the acceptance of this disclaimer.All Rights Reserved.Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurredwhatsoever for any financial profits or loss which may arise from the recommendations above epic research does notpurport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party oranyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyonewhich is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
    • MCX Daily Report (23 April 2013)6 | P a g eWWW.EPICRESEARCH.COCALL: +919752199966CONTACT US:http://www.epicresearch.coEpic Research Private Limited Corporate Office411 Milinda Manor (Suites 409 - 417)2 RNT Marg Opp Central MallIndore (M.P.)Hotline: +91 731 664 2300 / 2427 / 2230Alternate: +91 731 664 2320 / 2226+91 97521 99966Or give us a missed call at 026 5309 0639