Daily Mcx Report By TheEquicom 9-july


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Daily Mcx Report By TheEquicom 9-july

  1. 1. www.TheEquicom.com 09200009266 1 PPP P 09- JULY-2014 DAILY MCX NEWSLETTER www.TheEquicom.com 09200009266
  2. 2. www.TheEquicom.com 09200009266 2 BULLION: Silver may hold up better than gold this month as it may draw on the strong tone we are seeing in base metals, where improving macro variables and shrinking supply are giving prices a boost, said analysts at INTL FCStone. Silver prices are expected to trade a range between $20.35-$21.80 an ounce during this July, said INTL FCStone in its monthly outlook. The firm also expected that gold prices are trade in a range between $1,270-$1,345 an ounce in July as some of June’s gains are rolled back. ENERGY: The Petroleum and Natural Gas ministry had deferred the hike as more consultations and discussions were required with stakeholders. The new consensus emerging is for a moderate increase of $2 per MMBTU to $6 per MMBTU. The pricing of natural gas has been a poltiically sensitive issue between the previous Congress-led UPA government and Reliance Industries which operates one of the largest gas fields in Krishna-Godavari basin. BASE METAL: European markets are trading on a negative note today owing to falling momentum of recovery in Germany. Asian markets ended on a mixed note while the US stock futures are trading in the red. German Trade Balance rose to 18.8 billion Euros in May from 17.2 billion Euros in April. UK’s Manufacturing Production plunged by 1.3 percent in May as compared to a gain of 0.3 percent in April.
  3. 3. www.TheEquicom.com 09200009266 3 GOLD (5 AUG.) SILVER (5 SEP.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 45000, 45300 SUPPORT : - 44500, 44200 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 27700, 27900 SUPPORT : - 27350, 27100 STRATEGY : - SELL ON HIGH
  4. 4. www.TheEquicom.com 09200009266 4 CRUDEOIL (21 JULY) NATURAL GAS (28 JULY) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 255.00, 260.00 SUPPORT : - 245.00, 240.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6250, 6300 SUPPORT : - 6150, 6100 STRATEGY : - SELL ON HIGH
  5. 5. www.TheEquicom.com 09200009266 5 COPPER (29 AUG.) LEAD (31 JULY) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 132.50, 133.50 SUPPORT : - 130.20, 129.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 440.00, 444.00 SUPPORT : - 430.00, 426.00 STRATEGY : - BUY ON DIPS
  6. 6. www.TheEquicom.com 09200009266 6 ZINC (31 JULY) ALUMINUM (31 JULY) NICKEL (31 JULY) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 1200.00, 1220.00 SUPPORT : - 1160.00, 1140.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 116.00, 117.00 SUPPORT : - 114.00, 113.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 137.70, 139.00 SUPPORT : - 134.50, 133.50 STRATEGY : - BUY ON DIPS
  7. 7. www.TheEquicom.com 09200009266 7 GOLD 1322.65 SILVER 21.078 COPPER 3.256 CRUDEOIL 103.43 PALLANDIUM 872.30 PLATINUM 1500.03 USDINR 60.1400 EURUSD 01.3612 USDJPY 101.623 USDCHF 00.8929 GBPUSD 01.7130 USDCAD 01.0681
  8. 8. www.TheEquicom.com 09200009266 8
  9. 9. www.TheEquicom.com 09200009266 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.