Daily mcx newsletter 04 oct 2013
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Daily mcx newsletter 04 oct 2013

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We are advisory firm and provide most accurate tips related with trading with more than 95% accuracy for more updates just call us 09200009266

We are advisory firm and provide most accurate tips related with trading with more than 95% accuracy for more updates just call us 09200009266

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Daily mcx newsletter 04 oct 2013 Daily mcx newsletter 04 oct 2013 Document Transcript

  • www.TheEquicom.com +919200009266 04-OCT. -2013 DAILY MCX NEWSLETTER
  • www.TheEquicom.com +919200009266 BULLION A prolonged United States government shutdown should be supportive for gold, said HSBC in a research note. According to HSBC, the standoff over a continuing resolution to the budget is now in its third day, and the impasse on Wednesday undercut the dollar and supported gold. HSBC’s foreign-exchange team says the inability of the government to pursue pro- growth policies going forward is a factor working against the dollar. The bank’s economists say that a government shutdown lasting a week or longer increases the risks to the economy, which may hurt business and consumer confidence. “That said, we believe bullion is likely to benefit, given its historical status as a safe- haven asset, should the shutdown be prolonged,” HSBC concluded. ENERGY US crude oil prices remained weak on Thursday amid higher than expected crude oil stock-piles, and concerns that partial shutdown of the US government may reduce the crude oil demand from the world's largest economy. However, slight positive data from Europe and China may have limited further decline in the commodity prices to some extent. WTI crude oil for November delivery on NYMEX was seen trading down by 0.24% at $103.88 per barrel as of 16.12 IST on Thursday. India crude oil futures recorded a slight up-tick on Thursday despite a weak trend on NYMEX. However, technically, the trend in crude oil futures for October delivery on India's Multi Commodity Exchange (MCX) looks sideways to bearish for the day and traders are advised to take sell position. BASE METAL Copper prices in the global market remained weak on Thursday amid partial shutdown of US government, weaker than expected economic data from around the globe and the US. However, hopes that US Federal Reserve may continue with its existing monetary stimulus program considering partial shutdown of the US government and weaker than expected economic data from the United States and around the world may have limited further decline in the base metal prices to some extent. Copper futures for December delivery on Globex platform of Comex was seen trading up by 0.030% per pound as of 15.12 IST while copper on London Metal exchange (LME) for delivery in three months was seen trading down by 0.19% at $7284 per metric ton as of 12.10 IST on Thursday.
  • www.TheEquicom.com +919200009266 GOLD (5 DEC.) SILVER (5 DEC.) OUTLOOK: TREND : -CONSOLIDATE RESISTANCE : - 29800, 30100 SUPPORT : - 29150, 28900 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 49300, 49880 SUPPORT : - 48240, 47880 STRATEGY : - SELL ON HIGHS BULLION
  • www.TheEquicom.com +919200009266 CRUDEOIL (21 OCT.) NATURAL GAS (28 OCT.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6540, 6600 SUPPORT : - 6360, 6300 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 222.50, 225.00 SUPPORT : - 217.60, 216.00 STRATEGY : - SELL ON HIGHS
  • www.TheEquicom.com +919200009266 COPPER (29 NOV.) LEAD (30 SEP.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : -460.00, 464.00 SUPPORT : - 451.00, 448.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 128.30, 128.90 SUPPORT : - 126.90, 126.00 STRATEGY : - SELL ON HIGHS
  • www.TheEquicom.com +919200009266 ZINC (30 SEP.) ALUMINUM (30 SEP.) NICKEL (30 SEP.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 115.90, 116.70 SUPPORT : - 114.80, 114.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 112.40, 113.00 SUPPORT : - 111.10, 110.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 855.00, 866.00 SUPPORT : - 830.00, 815.00 STRATEGY : - SELL ON HIGHS
  • www.TheEquicom.com +919200009266 GOLD 1315.98 SILVER 21.619 COPPER 03.268 CRUDE OIL 103.13 NATURAL GAS 03.502 PALLADIUM 701.01 PLATINUM 1375.50 USDINR 61.7300 EURUSD 01.3626 USDJPY 97.2200 USDCHF 00.8988 GBPUSD 01.6163 USDCAD 01.0328
  • www.TheEquicom.com +919200009266
  • www.TheEquicom.com +919200009266 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 & 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.