2. % Chg
% Chg
Month Rate Jun Aug Oct Month Rate Jul Sep Dec Commodity Min
Jun 46161 218.00 436.00 Jul 43123 400.00 977.00 Gold -40.00
Aug 46379 218.00 Sep 43523 577.00 Silver 35.00
Oct 46597 Dec 44100
Res - 1 Res - 2
1729.62 1743.86
Sup - 1 Sup - 2
1692.42 1669.46
Res - 1 Res - 2
15.53 15.74
Sup - 1 Sup - 2
14.96 14.61
Sup - 3
1766.82
1655.22
Pivot
Res - 3
16.10
Sup - 3
14.40
Gold Last 4 Day Movement
Silver Last 4 Day Movement
Friday, May 8, 2020 URL : www.kediaadvisory.com Page 2
1.19%
4-May-20 14.943 15.010 14.757 14.758 -0.186 -1.24%
5-May-20 14.757 14.997 14.730 14.934 0.176
3.29%
6-May-20 14.935 15.119 14.832 14.832 -0.102 -0.68%
7-May-20 14.832 15.386 14.820 15.321 0.488
Date Open High Low Close Rs Chg % Chg
0.24%
4-May-20 1699.93 1709.10 1692.91 1700.74 2.12 0.12%
5-May-20 1700.75 1710.47 1693.52 1704.87 4.13
1.81%
6-May-20 1704.91 1707.28 1683.39 1684.94 -19.93 -1.17%
7-May-20 1684.83 1720.89 1683.69 1715.39 30.45
INTERNATIONAL MARKET SYNOPSIS
Date Open High Low Close Rs Chg % Chg
Max Avg
874.00 232.00
1478.00 645.00
Pivot
Res - 3
Gold Silver Spread History
46772.00 47335.00 Fresh Buying
Silver Jul 40708.00 41217.00 42170.00 42679.00 43632.00 44141.00
Gold Jun 44728.00 45034.00 45597.00 45903.00 46466.00
45094.00 Fresh Buying
SPREAD SYNOPSIS
0.00
MCX PIVOT
Contract Sup - 3 Sup - 2 Sup - 1 Pivot Res - 1 Res - 2 Res - 3 OI Status
Silver Dec 0.00 0.00 0.00 44100.00 1050.00 2.44 0 0
3.05 21462 5792 13.37
Silver Sep 42458.00 43599.00 42456.00 43523.00 1185.00
Silver Jul 41840.00 43188.00 41726.00 43123.00 1278.00
2.80 135 29 52.63
0.00
Contract Open High Low Close Rs Chg % Chg Volume OI
Gold Oct 0.00 0.00 0.00 46597.00 778.00 1.70 0 0
1.56
Gold Aug 45720.00 46403.00 45600.00 46379.00 784.00 1.72 617 6962 4.19
Gold Jun 45430.00 46209.00 45340.00 46161.00 790.00 1.74 9318 13489
Friday, May 8, 2020
MCX MARKET SYNOPSIS
Contract Open High Low Close Rs Chg % Chg Volume OI
3. SELL GOLD JUN 2020 @ 45550 SL 45850 TGT 45200-44900.MCX
SELL SILVER JUL 2020 @ 42000 SL 42450 TGT 41550-41200.MCX
Friday, May 8, 2020 URL : www.kediaadvisory.com Page 3
Underscoring the deepening economic impact of Covid-19, a report showed that the U.S.
service sector shrank for the first time in a decade last month.
A report from payroll process ADP showed private sector employment nosedived in the
month of April, plunging by 20.236 million jobs
SILVER
Silver trading range for the day is 41217-44141.
Silver gained amid concerns about the economy after data showed unemployment claims
remained at an elevated level last week.
U.S. President Donald Trump said the coronavirus task force would be shut down in the
coming weeks.
Spread between LBMA and COMEX prices narrows
SPDR gold holdings jump to 7-year high
Gold trading range for the day is 45034-46772.
Gold prices rose as another 3 million Americans filed for jobless benefits, reviving
concerns about the outlook for the U.S. economy.
Data showed U.S. private sector employment plunged by as much as 20.236 million jobs
in April.
Friday, May 8, 2020
GOLD
6. Note:
5
Mumbai. India. Mobile: 09323406035 / 09819296333 Email: URL: www.kediaadvisory.com
Buy at supports and sell at target. Support broken becomes resistance and a resistance broken becomes support. Always use Stop-loss never average loss making positions. This report is
based on previous closing. levels may change based on next day’s opening price. Please register on the site for daily levels.Yahoo messenger id is for getting latest levels on your messenger.
The call expires once the target is achieved or the stop-loss is hit.The calls given in this report are valid only for the current day. A trader should understand that, he/she should not
carryforward the trade, unless explicitly stated. DateSource:MCX, NCDEX, COMEX, NYMEX, and other Exchange.
Disclaimer:The calls made herein are for informational purpose and report contains only the viewpoints. We make no representation or warranty regarding the correctness, accuracy or
completeness of any information, and is not responsible for errors of any kind though the information obtained from the sources, which is believed to be reliable. The information contained
herein is strictly confidential and is meant for the intended recipients. Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of the information
without prior consent of Kedia Stocks & Commodities Research Pvt Ltd. is prohibited. The information and data are derived from the source that are deemed to be reliable the above calls are
based on the theory of Technical Analysis. Neither the company nor its employee is responsible for the Profit (es) &loss (es) arising due to the trader(s). The commodities and derivatives
discussed and opinions expressed in this report may not be suitable for all investors falling under different jurisdictions. All futures entail significant risk, which should be fully understood
prior to trading. Consult your Investment Advisor / Broker before making any investment.www.kediaadvisory.com
Friday, May 8, 2020 URL : www.kediaadvisory.com Page
Contact Details
Kedia Stocks & Commodities Research Pvt Ltd.
SEBI REGISTRATION NUMBER - INH000006156