Daily mcx newsletter 25 apr 2014


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Daily mcx newsletter 25 apr 2014

  1. 1. www.TheEquicom.com 0731-6770000 1 PPP P 25- APR.-2014 DAILY MCX NEWSLETTER www.TheEquicom.com 0731-6770000
  2. 2. www.TheEquicom.com 0731-6770000 2 BULLION: Gold recovered slightly on Friday after sharp overnight declines but the metal remained near six-week lows and on track for a second straight weekly decline, as improving sentiment over the U.S. economic outlook dented its safe-haven appeal. * Spot gold was up 0.2 percent to $1,293.19 an ounce by 0017 GMT. It is down 3 percent for the week. * On Thursday, gold fell to $1,288.80 - its lowest since Feb. 13 - before closing down 1 percent. ENERGY: * Oil supported by encouraging signs of U.S. economic growth * U.S. crude on course for biggest weekly gain since early Feb Brent steadied below $108 per barrel on Friday, retaining most of its gains from the prior session and heading for the first weekly rise in five, on promising U.S. data and fears geopolitical tensions could dent supply from Russia. The U.S. economy grew a bit faster than estimated in the fourth quarter and new claims for jobless aid fell to a near four-month low last week, suggesting a brighter outlook for demand in the world's biggest oil consumer. BASE METAL: Copper recovered some of yesterday’s losses this morning to trade at 2.976 adding 11 points but still remains weak as traders remain worried about the economic situation in China.Copper prices fell by 0.8 percent Wednesday on the back of intensified war concerns. Additionally, strength in the DX along with mixed market sentiments acted as a negative factor.
  3. 3. www.TheEquicom.com 0731-6770000 3 GOLD (5 JUN.) SILVER (5 MAY.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 43000, 43300 SUPPORT : - 42000, 41700 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 29000, 29200 SUPPORT : - 28600, 28400 STRATEGY : - BUY ON DIPS
  4. 4. www.TheEquicom.com 0731-6770000 4 CRUDEOIL (19 MAY.) NATURAL GAS (25 APR.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 296.00, 300.00 SUPPORT : - 288.00, 284.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6300, 6340 SUPPORT : - 6200, 6160 STRATEGY : - BUY ON DIPS
  5. 5. www.TheEquicom.com 0731-6770000 5 COPPER (30 APR.) LEAD (30 APR.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 132.00, 133.00 SUPPORT : - 129.50, 128.50 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 417.00, 420.00 SUPPORT : - 409.00, 405.00 STRATEGY : - BUY ON DIPS
  6. 6. www.TheEquicom.com 0731-6770000 6 ZINC (30 APR.) ALUMINUM (30 APR.) NICKEL (30 APR.) OUTLOOK: TREND : - BULLISH RESISTANCE : - 1132.00, 1140.00 SUPPORT : - 1115.00, 1105.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 114.00, 115.00 SUPPORT : - 111.00, 110.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 127.00, 128.00 SUPPORT : - 124.00, 123.00 STRATEGY : - BUY ON DIPS
  7. 7. www.TheEquicom.com 0731-6770000 7 GOLD 1291.65 SILVER 19.524 COPPER 3.121 CRUDEOIL 101.98 PALLANDIUM 800.10 PLATINUM 1410.90 USDINR 61.1175 EURUSD 01.3830 USDJPY 102.327 USDCHF 00.8817 GBPUSD 01.6805 USDCAD 01.1022
  8. 8. www.TheEquicom.com 0731-6770000 8
  9. 9. www.TheEquicom.com 0731-6770000 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.