Daily mcx newsletter 10 oct 2013


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Daily mcx newsletter 10 oct 2013

  1. 1. www.TheEquicom.com +919200009266 THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED www.TheEquicom.com 09200009266 10101010----OCTOCTOCTOCT.... ----2013201320132013 DAILY MCX NEWSLETTER
  2. 2. www.TheEquicom.com +919200009266 BULLION The second biggest gold imported China's gold imports to keep providing a floor for the gold market, said HSBC in a research note. According to the data from the Hong Kong Census and Statistics Department this week shows Chinese imports from Hong Kong increased to 131 metric tons in August from 54 in the same month a year ago and also up from 129 this July. “Bullion’s premium on the Shanghai Gold Exchange, an indicator of China’s gold appetite, moved higher to $10/oz from the upper single digits seen prior to being closed for holiday,” HSBC continued. “We expect gold imports in China to remain at historically high levels and continue to provide a floor of support for bullion,” HSBC concluded ENERGY US crude oil futures rose from a four day low amid concerns over partial shutdown of the US government and higher than expected crude oil stock-piles. WTI crude oil for November delivery on NYMEX was seen trading with the gain of 80 cents at $103.83 per barrel as of 16.28 IST on Tuesday. Technically, the trend in crude oil futures for October delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish for the day and traders are advised to take buy position. Intra-day support for the commodity is seen at 6350 while resistance is seen at 6470. If prices break the level of 6470, then further upside is expected till 6530. BASE METAL India lead futures edged up on Tuesday on short covering amid depreciation of Indian Rupee (INR) against US Dollar (USD). The commodity is expected to trade with a positive bias during intra-day trade. Chinese service sector recorded a decline in September. HSBC China Services Purchasing Managers' Index fell to 52.4 from 52.8 recorded in August, according to the data released on Tuesday.
  3. 3. www.TheEquicom.com +919200009266 GOLD (5 DEC.) SILVER (5 DEC.) OUTLOOK: TREND : -CONSOLIDATE RESISTANCE : - 29500, 29750 SUPPORT : - 29000, 28800 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 49390, 49900 SUPPORT : - 48560, 47780 STRATEGY : - SELL ON HIGHS BULLION
  4. 4. www.TheEquicom.com +919200009266 CRUDEOIL (21 OCT.) NATURAL GAS (28 OCT.) ENERGY OUTLOOK: TREND : - BEARISH RESISTANCE : - 6355, 6430 SUPPORT : - 6250, 6200 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 233.00, 238.00 SUPPORT : - 228.70, 225.00 STRATEGY : - SELL ON HIGHS
  5. 5. www.TheEquicom.com +919200009266 COPPER (29 NOV.) LEAD (31 OCT.) BASE METAL OUTLOOK: TREND : - BEARISH RESISTANCE : -454.00, 460.00 SUPPORT : - 440.00, 435.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 128.60, 129.70 SUPPORT : - 127.40, 126.20 STRATEGY : - SELL ON HIGHS
  6. 6. www.TheEquicom.com +919200009266 ZINC (31 OCT.) ALUMINUM (31 OCT.) NICKEL (31 OCT.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 116.40, 117.10 SUPPORT : - 115.00, 114.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 114.40, 115.10 SUPPORT : - 112.90, 112.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 860.00, 870.00 SUPPORT : - 840.00, 830.00 STRATEGY : - SELL ON HIGHS
  7. 7. www.TheEquicom.com +919200009266 GOLD 1303.43 SILVER 22.844 COPPER 03.236 CRUDE OIL 101.75 NATURAL GAS 03.697 PALLADIUM 702.50 PLATINUM 1385.50 USDINR 61.8200 EURUSD 01.3509 USDJPY 97.6100 USDCHF 00.9120 GBPUSD 01.5928 USDCAD 01.0409
  8. 8. www.TheEquicom.com +919200009266
  9. 9. 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.