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Daily mcx newsletter 18 dec 2013
The document provides a daily newsletter on MCX commodities with the following key points: - India has increased measures to reduce gold consumption and imports which has led to increased smuggling. Copper surplus is expected to widen in 2014 due to increased production. Inflation increased in November due to fuel and food prices. - Outlook and strategies are provided for various commodities including consolidating trends in gold, silver and copper with resistance and support levels noted. Crude oil and natural gas are also expected to consolidate. - Market updates are given on precious metals, energy, base metals and currency pairs alongside disclaimers around the information provided in the newsletter.
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Daily mcx newsletter 18 dec 2013
- 1. DAILY MCX NEWSLETTER DEC. 18-DEC.-2013 THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED www.TheEquicom.com 09200009266 www.TheEquicom.com +919200009266 1
- 2. BULLION BASE METAL ENERGY India Governmentdrive to reduce gold Copper surplus is expected to widen and The inflation surge in November was caused consumption to discourage gold imports, outpace demand growth in 2014, according by rise in prices across categories- fuel, food reduce Current Account Deficit (CAD) also to International Copper Study Group articles, non-food articles and manufactured caused increase in smuggling activity and (ICSG). products. reduced gold jewellery exports. ICSG pointed out that surplus is expected "Momentum indicators suggest that while Alarmed by the huge increase in gold imports to grow from 387,000 tons this year to inflation in primary articles is likely to that cause foreign exchange outgo of $56.8 bn 632,000 tons in 2014.Global copper demand moderate in the coming months, inflation in in 2012-13, India government hiked import is expected to increase by 4.5% in 2014 as manufactured products could accelerate duty on gold to 10% in different stages from a economic recovery gains steam further. Momentum in manufactured product low rate of 2%. internationally. categories - food, textiles, basic metals, alloys A variety of measures were taken by Finance Refined copper production to rise 5.5% to and metal products, shows an upward trend, Ministry and Reserve Bank of India (RBI) to 22.1 mn tons next year on China production partly reflecting the adverse impact of the curb consumption of the yellow metal gains. In 2013- it grew 3.9% to 20.9 mn tons. weak rupee on imported inflation," according including the introduction of the stipulation Projects deferred during financial crisis will to CRISIL Research. that one fifth of the imported bullion had to go onstream in 2014-15 increasing mine With a weak rupee and rising fuel prices, be exported in value added form. output margins of producers are under stress. The The measures to discourage imports led to fall World mine output to surge 11.4% to 18.6 extent of rising input costs being passed on to in gold and silver import value to $25.5 bn in mn tons in 2014. consumers is likely to rise further, especially if the first eight months of 2013-14 compared to Copper witnessed some uptrend in LME household consumption begins to improve, $33.5 bn last fiscal. However, large number of this week climbing to $7159 a ton on weak following a normal monsoon, and a smuggling incidents have been reported since dollar, China demand for the metal consequent increase in farm incomes. Given May at various international airports in the although the metal has fallen close to 10% the rising inflation - both at the retail and country. year-to-date.It broke below $7,000 a tonne in wholesale level, the RBI with inflation control mid-November after holding in a $7,000- as its prime objective, is set to hike the repo $7,400 range since August. rate once again later this week. www.TheEquicom.com +919200009266 2
- 3. BULLION GOLD (5 FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY :-CONSOLIDATE : - 29000, 29200 : - 28400, 28150 : - SELL ON HIGH SILVER (5 MAR.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 45100, 45500 : - 44300, 44000 : - BUY ON DIPS HIGH www.TheEquicom.com +919200009266 3
- 4. ENERGY CRUDEOIL (20 JAN.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY :- CONSOLIDATE : - 6100, 6140 : - 6000, 5960 : - SELL ON HIGH NATURAL GAS (26 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 266.50, 270.50 : - 260.00, 256.00 : - BUY ON DIPS www.TheEquicom.com +919200009266 4
- 5. BASE METAL COPPER (28FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -462.50, 466.00 : - 455.00, 452.00 : - SELL ON HIGH LEAD (31 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 134.00, 135.00 : - 131.50, 130.50 : - SELL ON HIGH www.TheEquicom.com +919200009266 5
- 6. ZINC (31 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY :- CONSOLIDATE : - 124.00, 125.00 : - 121.00, 119.50 : - SELL ON HIGH ALUMINUM (31 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 110.00, 111.00 : - 108.80, 107.00 : - SELL ON HIGH NICKEL (31 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 875.00, 880.00 : - 861.50, 856.00 : - BUY ON DIPS www.TheEquicom.com +919200009266 6
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- 9. DISCLAIMER The information andviews 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. www.TheEquicom.com +919200009266 9