Daily mcx newsletter 07 may 2014


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Daily mcx newsletter 07 may 2014

  1. 1. www.TheEquicom.com 09200009266 1 PPP P 07- MAY.-2014 DAILY MCX NEWSLETTER www.TheEquicom.com 09200009266
  2. 2. www.TheEquicom.com 09200009266 2 BULLION: Silver prices plunged for thesecond time in a row on monthly basis, losing almost 3.5% at the domestic exchange i.e. MCX and lost almost 3% in the international markets. Silver prices dropped amid profit booking in the second consecutive month as improvement in U.S. data led to speculations that the Fed may raise interest rates earlier than anticipated in the future. Data released during the second half of the month signaled that U.S. index of leading indicators climbed the most in four months. The Fed's Beige Book released last month illustrated that growth "had picked up" after "lingering winter weather hampered business activity, but the impact was less severe than earlier this year." Fed Chair Janet Yellen also said that the central bank would be delivering policy stimulus for some time to come, where the timing of raising interest rates would depend on the progress in the labor market and inflation. ENERGY: Crude Oil weakness may persist as technical charts are indicating a strong bearish signal, according to Nadia Simmons, Forex and Oil trading strategist at Sunshine Profits. In Asia trading on Tuesday, Crude Oil was trading flat with WTI crude OIl for June delivery at $99.46 a barrel after hitting a high of $100.43. ICE Brent Crude OIl fell to $107.72, a barrel, the lowest settlement since April 11. Adding to bearish sentiments, last week, crude stocks gained by 3 million barrels , according to the American Petroleum Institute. BASE METAL: MCX Nickel after rising for four weeks started showing exhaustion signs and is trading close to Rs.1115 at present. Immediate support remains Rs.1106 followed by 1093 whereas strong resistance is at Rs.1130. With strong demand side fundamentals for Nickel, prices will trade on a positive note aided by supply crunch. Also fuelling tensions between Russia and the West will only lead to additional sanctions on Russia and the..
  3. 3. www.TheEquicom.com 09200009266 3 GOLD (5 JUN.) SILVER (5 JULY.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 42950, 43200 SUPPORT : - 42300, 42000 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 29050, 29250 SUPPORT : - 28650, 28450 STRATEGY : - BUY ON DIPS
  4. 4. www.TheEquicom.com 09200009266 4 CRUDEOIL (19 MAY.) NATURAL GAS (27 MAY.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 293.00, 297.00 SUPPORT : - 284.00, 280.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - BEARISH RESISTANCE : - 6050, 6100 SUPPORT : - 5970, 5930 STRATEGY : - SELL ON HIGH
  5. 5. www.TheEquicom.com 09200009266 5 COPPER (30 JUN.) LEAD (30 MAY.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 127.50, 128.50 SUPPORT : - 124.50, 123.50 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 412.00, 415.00 SUPPORT : - 405.00, 402.00 STRATEGY : - SELL ON HIGH
  6. 6. www.TheEquicom.com 09200009266 6 ZINC (30 MAY.) ALUMINUM (30 MAY.) NICKEL (30 MAY.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 1122.00, 1130.00 SUPPORT : - 1105.00, 1095.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - BEARISH RESISTANCE : - 107.00, 108.00 SUPPORT : - 104.00, 103.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 124.50, 125.50 SUPPORT : - 121.50, 120.50 STRATEGY : - SELL ON HIGH
  7. 7. www.TheEquicom.com 09200009266 7 GOLD 1311.87 SILVER 19.663 COPPER 3.054 CRUDEOIL 100.06 PALLANDIUM 814.80 PLATINUM 1454.10 USDINR 60.2750 EURUSD 01.3927 USDJPY 101.602 USDCHF 00.8739 GBPUSD 01.6975 USDCAD 01.0888
  8. 8. www.TheEquicom.com 09200009266 8
  9. 9. www.TheEquicom.com 09200009266 9 DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it and takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. TheEquicom recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. TheEquicom shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. TheEquicom does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.