Daily mcx newsletter 18 sep 2013


Published on

Published in: Business, Economy & Finance
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Daily mcx newsletter 18 sep 2013

  1. 1. www.TheEquicom.com +919200009266 18-SEP. -2013 DAILY MCX NEWSLETTER
  2. 2. www.TheEquicom.com +919200009266 BULLION Gold prices in the global market, edged lower and continued its bearish rally which started last week and was seen trading near five week low as traders were seen awaiting to know whether US Central Bank start tapering its monetary stimulus later this year. Gold futures on India's Multi Commodity Exchange (MCX) was seen trading slightly positive and may record a decline during intra- day trade tracking a bearish trend in the global market. The Federal Open Market Committee (FOMC) is scheduled to start a two day meet on Tuesday and is expected that the US Central Bank start curbing its $85 billion monthly bond purchasing program. Equities and bonds recorded an up-tick on Monday and theUS dollar witnessed a fall. ENERGY The majority of commodity index returns have suffered losses over the past week and since the end of last year. However, index gains during the third quarter-to-date have been most notable in the energy and precious metals sectors. Most commodities are trading below the mean of the two year range, with the exception of the energy sector, palladium and soybeans. WTI is above the 95th percentile of the range and the best performer among the commodities under investigation. Only corn is below the 5th percentile, although gold, aluminium and copper are near that level, according to Deutsche Bank weekly report. BASE METAL MCX copper, nickel and lead futures continued their downward movement on Tuesday and was seen trading bearish amid weak international cues and appreciation of Indian Rupee (INR) against US Dollar (USD). The trend in copper futures for November delivery on India's Multi Commodity Exchange (MCX) looks bearish for the day and intra-day traders are advised to stay on sell side. MCX lead for September delivery looks bearish and is expected to continue with the trend.
  3. 3. www.TheEquicom.com +919200009266 GOLD (5 OCT.) SILVER (5 DEC.) OUTLOOK: TREND : -CONSOLIDATE RESISTANCE : - 29930, 30270 SUPPORT : - 29400, 29000 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 49900, 50420 SUPPORT : - 48860, 48000 STRATEGY : - SELL ON HIGHS BULLION
  4. 4. www.TheEquicom.com +919200009266 CRUDEOIL (21 OCT.) NATURAL GAS (25 SEP.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6710, 6770 SUPPORT : - 6600, 6550 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 240.50, 244.00 SUPPORT : - 232.50, 228.00 STRATEGY : - BUY ON DIPS
  5. 5. www.TheEquicom.com +919200009266 COPPER (29 NOV.) LEAD (30 SEP.) BASE METAL OUTLOOK: TREND : - BERAISH RESISTANCE : -460.00, 465.00 SUPPORT : - 455.00, 451.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - BERAISH RESISTANCE : - 129.10, 130.00 SUPPORT : - 127.90, 127.00 STRATEGY : - SELL ON HIGHS
  6. 6. www.TheEquicom.com +919200009266 ZINC (30 SEP.) ALUMINUM (30 SEP.) NICKEL (30 SEP.) OUTLOOK: TREND : - BERAISH RESISTANCE : - 116.70, 117.50 SUPPORT : - 115.60, 115.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - BERAISH RESISTANCE : - 110.90, 111.60 SUPPORT : - 109.80, 109.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - BERAISH RESISTANCE : - 880.00, 900.00 SUPPORT : - 860.00, 850.00 STRATEGY : - SELL ON HIGHS
  7. 7. www.TheEquicom.com +919200009266 GOLD 1297.35 SILVER 21.435 COPPER 03.221 CRUDE OIL 105.64 NATURAL GAS 03.745 PALLADIUM 696.70 PLATINUM 1416.05 USDINR 63.3000 EURUSD 01.3348 USDJPY 94.3000 USDCHF 00.9267 GBPUSD 01.5894 USDCAD 01.0302
  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.