Daily mcx newsletter 27 may 2014

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Daily mcx newsletter 27 may 2014

  1. 1. www.TheEquicom.com 09200009266 1 PPP P 27-MAY.-2014 DAILY MCX NEWSLETTER www.TheEquicom.com 09200009266
  2. 2. www.TheEquicom.com 09200009266 2 BULLION: Gold prices declined by Rs 50 to Rs 28,270 per ten grams in the national capital today on slackened demand from jewellers at prevailing levels amid a weak trend in global markets. Silver also fell by Rs 50 to Rs 41,450 per kg on reduced offtake by industrial units. Marketmen said besides sluggish demand from jewellers and shifting of funds from bullion to rising equities also influenced the sentiment. ENERGY: Brent crude fell below $110 a barrel on Monday, dipping further from last week's two-and-a-half month high as worries over Ukraine eased slightly after its presidential election. Resistance levels for Brent and US crude, or West Texas Intermediate (WTI), on technical charts are also keeping a lid on gains. Market activity is expected to be limited as the US and UK markets are closed for holidays. BASE METAL: Aluminium prices went up by 0.29 per cent to Rs 104.65 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas. Further, strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in May inched up by 30 paise, or 0.29 per cent, to Rs 104.65 per kg in business turnover of 125 lots.
  3. 3. www.TheEquicom.com 09200009266 3 GOLD (5 JUN.) SILVER (5 JULY.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 41500, 41800 SUPPORT : - 40800, 40500 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 27700, 27900 SUPPORT : - 27250, 27100 STRATEGY : - SELL ON HIGH
  4. 4. www.TheEquicom.com 09200009266 4 CRUDEOIL (19 JUN.) NATURAL GAS (27 MAY.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 263 .50, 267.00 SUPPORT : - 255.00, 251.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6200, 6230 SUPPORT : - 6130, 6100 STRATEGY : - BUY ON DIPS
  5. 5. www.TheEquicom.com 09200009266 5 COPPER (30 JUN.) LEAD (30 MAY.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 126.50, 127.50 SUPPORT : - 124.00, 123.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 420.00, 423.00 SUPPORT : - 413.00, 410.00 STRATEGY : - SELL ON HIGH
  6. 6. www.TheEquicom.com 09200009266 6 ZINC (30 MAY.) ALUMINUM (30 MAY.) NICKEL (30 MAY.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 1165.00, 1180.00 SUPPORT : - 1140.00, 1130.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 107.00, 107.00 SUPPORT : - 103.50, 102.50 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 124.00, 125.00 SUPPORT : - 121.50, 120.50 STRATEGY : - SELL ON HIGH
  7. 7. www.TheEquicom.com 09200009266 7 GOLD 1291.98 SILVER 19.375 COPPER 3.176 CRUDEOIL 104.35 PALLANDIUM 833.50 PLATINUM 1476.40 USDINR 58.8900 EURUSD 01.3656 USDJPY 101.960 USDCHF 00.8944 GBPUSD 01.6858 USDCAD 01.0843
  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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