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0731-6770000

DAILY MCX NEWSLETTER

P

17 - FEB.-2014

www.TheEquicom.com 0731-6770000
1
BULLION:
Gold and Silver miners- short covering leading the way to higher prices
Ultimately, for those in control of prices, it's about short term profits. If one maintains ultimate
control over one market, then a loss someplace else can be made up easily.
Its shareholders share prices, quarterly bonuses that matter most. The long term matters less
because across the board because there is no skin in the game (except for the taxpayer, though
even that is diminishing to a certain degree).
Big banks are celebrated; the CEOs have become darlings wearing presidential cufflinks in a
media show. One analyst after another paraded out, becoming background for an investing public
addicted to the noise.

BASE METAL:
China’s unwrought copper imports were strong in January.
In fact, value of China’s total exports jumped by 10.6% in January compared to the same period last
year, even as the value of imports climbed by 10% as the nation that has for a long time focused on
investment growth bought humongous volumes of iron ore, copper and crude oil. This, in effect
meant China’s import growth beat predictions by a huge margin way away from 3% predicted.
China’s imports of iron ore, refined copper, crude oil and even soybeans, the rate of growth jumped
by 18% y/y, 53%, 12% and 24% respectively.
Working Expenses have been proposed at Rs. 1,10,649 crore, which is Rs. 13,589 crore higher than
the Revised Estimates for the current year.

ENERGY:
MCX Natural Gas price has strong support at 312/321 level while strong resistance is at 333/338 level.
Expect selling pressure near 335-337 zone and any rally towards the same would be a selling
opportunity.
Crude oil futures were trading slightly lower which reflected traders’ expectations of declining
crude demand as refineries in the West reduced capacity for maintenance.

www.TheEquicom.com 0731-6770000
2
BULLION

GOLD (5 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 29430, 29600
: - 29230, 29000
: - BUY ON DIPS

SILVER (5 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 46800, 47000
: - 46200, 45900
: - BUY ON DIPS

www.TheEquicom.com 0731-6770000
3
ENERGY

CRUDEOIL (19 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 6260, 6320
: - 6150, 6100
: - BUY ON DIPS

NATURAL GAS (25 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 330.00, 335.00
: - 315.00, 310.00
: - SELL ON HIGH

www.TheEquicom.com 0731-6770000
4
BASE METAL

COPPER (28 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 447.30, 450.00
: - 444.00, 440.00
: - SELL ON HIGH

LEAD (28 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 132.50, 133.50
: - 130.50, 129.50
: - SELL ON HIGH

www.TheEquicom.com 0731-6770000
5
ZINC (28 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 127.00, 128.00
: - 125.50, 124.50
: - SELL ON HIGH

ALUMINUM (28 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 106.80, 107.50
: - 105.00, 104.00
: - SELL ON HIGH

NICKEL (28 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 895.00, 910.00
: - 870.00, 850.00
: - SELL ON HIGH

www.TheEquicom.com 0731-6770000
6
GOLD
SILVER
COPPER
CRUDEOIL
PALLANDIUM
PLATINUM

USDINR
EURUSD
USDJPY
USDCHF
GBPUSD
USDCAD

1305.49
20.730
3.250
100.28
730.80
1411.40

62.3900
01.3678
101.757
00.8923
01.6652
01.0952

www.TheEquicom.com 0731-6770000
7
www.TheEquicom.com 0731-6770000
8
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 and 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 0731-6770000
9

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Profitable Mcx Weekly updates by the Equicom 17-Feb

  • 1. www.TheEquicom.com 0731-6770000 DAILY MCX NEWSLETTER P 17 - FEB.-2014 www.TheEquicom.com 0731-6770000 1
  • 2. BULLION: Gold and Silver miners- short covering leading the way to higher prices Ultimately, for those in control of prices, it's about short term profits. If one maintains ultimate control over one market, then a loss someplace else can be made up easily. Its shareholders share prices, quarterly bonuses that matter most. The long term matters less because across the board because there is no skin in the game (except for the taxpayer, though even that is diminishing to a certain degree). Big banks are celebrated; the CEOs have become darlings wearing presidential cufflinks in a media show. One analyst after another paraded out, becoming background for an investing public addicted to the noise. BASE METAL: China’s unwrought copper imports were strong in January. In fact, value of China’s total exports jumped by 10.6% in January compared to the same period last year, even as the value of imports climbed by 10% as the nation that has for a long time focused on investment growth bought humongous volumes of iron ore, copper and crude oil. This, in effect meant China’s import growth beat predictions by a huge margin way away from 3% predicted. China’s imports of iron ore, refined copper, crude oil and even soybeans, the rate of growth jumped by 18% y/y, 53%, 12% and 24% respectively. Working Expenses have been proposed at Rs. 1,10,649 crore, which is Rs. 13,589 crore higher than the Revised Estimates for the current year. ENERGY: MCX Natural Gas price has strong support at 312/321 level while strong resistance is at 333/338 level. Expect selling pressure near 335-337 zone and any rally towards the same would be a selling opportunity. Crude oil futures were trading slightly lower which reflected traders’ expectations of declining crude demand as refineries in the West reduced capacity for maintenance. www.TheEquicom.com 0731-6770000 2
  • 3. BULLION GOLD (5 MAR.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 29430, 29600 : - 29230, 29000 : - BUY ON DIPS SILVER (5 MAR.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 46800, 47000 : - 46200, 45900 : - BUY ON DIPS www.TheEquicom.com 0731-6770000 3
  • 4. ENERGY CRUDEOIL (19 FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6260, 6320 : - 6150, 6100 : - BUY ON DIPS NATURAL GAS (25 FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 330.00, 335.00 : - 315.00, 310.00 : - SELL ON HIGH www.TheEquicom.com 0731-6770000 4
  • 5. BASE METAL COPPER (28 FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 447.30, 450.00 : - 444.00, 440.00 : - SELL ON HIGH LEAD (28 FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 132.50, 133.50 : - 130.50, 129.50 : - SELL ON HIGH www.TheEquicom.com 0731-6770000 5
  • 6. ZINC (28 FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 127.00, 128.00 : - 125.50, 124.50 : - SELL ON HIGH ALUMINUM (28 FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 106.80, 107.50 : - 105.00, 104.00 : - SELL ON HIGH NICKEL (28 FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 895.00, 910.00 : - 870.00, 850.00 : - SELL ON HIGH www.TheEquicom.com 0731-6770000 6
  • 9. 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 and 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 0731-6770000 9