Daily mcx newsletter 09 may 2014

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Daily mcx newsletter 09 may 2014

  1. 1. www.TheEquicom.com 09200009266 1 PPP P 09- MAY.-2014 DAILY MCX NEWSLETTER www.TheEquicom.com 09200009266
  2. 2. www.TheEquicom.com 09200009266 2 BULLION: A sharp rise in smuggled gold can damage India's jewellery exports as illicit imports may be sourced from illegal mines, which attract punitive trade measures from the US - the market that absorbs nearly 60 per cent of gem and ornaments shipped out of India. And if any US importer finds that there is illegal gold in the consignment, then the Indian supplier will be dragged to the US court," Pankaj Parekh, vice-chairman, Gem & Jewellery Export Promotion Council. ENERGY: The April data on energy and metal imports into China have surpised analysts as a rebound happened on the strength of a possible stockpiling thatn a seasonal recover. Barclays in a report observed that Crude Oil imports surged to a fresh record of 6.8 mb in April, a gain of 23% from March lows and 21% higher on year-on-year basis. BASE METAL: Unwrought copper and semi imports rose again to 450Kt in April, up 8% m/m and 52% y/y. The collapse of the import arb that started in early February, as Shanghai prices increasingly lagged LME prices, would have reduced the appetite for financing- driven imports at the margins, though some users may have increased bookings ahead of an expected Q2 pickup, Barclays observed. Copper concentrate imports climbed 7% m/m to reach 1Mt, 19% higher y/y. This continues the trend of strong domestic production of refined copper this year, as mine supply remained robust and term TC/RCs reached the highest in eight years. While smelters have built concentrate stocks, imports could stay strong due to the economic incentive as well as new smelting capacity.
  3. 3. www.TheEquicom.com 09200009266 3 GOLD (5 JUN.) SILVER (5 JULY.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 41900, 42200 SUPPORT : - 41200, 40900 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 28800, 29000 SUPPORT : - 28300, 28100 STRATEGY : - SELL ON HIGH
  4. 4. www.TheEquicom.com 09200009266 4 CRUDEOIL (19 MAY.) NATURAL GAS (27 MAY.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 280.00, 285.00 SUPPORT : - 271.00, 267.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - BEARISH RESISTANCE : - 6050, 6090 SUPPORT : - 5960, 5920 STRATEGY : - SELL ON HIGH
  5. 5. www.TheEquicom.com 09200009266 5 COPPER (30 JUN.) LEAD (30 MAY.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 127.00, 128.00 SUPPORT : - 124.00, 123.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 413.00, 416.00 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 : - 1177.00, 1188.00 SUPPORT : - 1155.00, 1145.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - BEARISH RESISTANCE : - 105.50, 106.50 SUPPORT : - 103.00, 102.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 124.00, 125.00 SUPPORT : - 121.00, 120.00 STRATEGY : - SELL ON HIGH
  7. 7. www.TheEquicom.com 09200009266 7 GOLD 1290.46 SILVER 19.155 COPPER 3.059 CRUDEOIL 100.39 PALLANDIUM 798.20 PLATINUM 1430.10 USDINR 60.1825 EURUSD 01.3837 USDJPY 101.704 USDCHF 00.8806 GBPUSD 01.6925 USDCAD 01.0827
  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.

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