Mcx Report Update Of 14 may by Theequicom

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Mcx Report Update Of 14 may by Theequicom

  1. 1. www.TheEquicom.com 0731-6770000 1 PPP P 14-MAY.-2014 DAILY MCX NEWSLETTER www.TheEquicom.com 0731-6770000
  2. 2. www.TheEquicom.com 0731-6770000 2 BULLION: Gold prices continued to fall for the third straight session at the domestic bullion market today due to consistent unwinding by stockists and investors amid lack of retail buying support. Silver fell back after a brief overnight recovery on reduced speculative off-take. Standard gold (99.5 purity) slumped by Rs 220 to finish at Rs 29,485 per 10 grams from last Monday's closing level of Rs 29,705. Pure gold (99.9 purity) plunged by Rs 215 to conclude at Rs 29,635 per 10 grams from Rs 29,850. Silver (.999 fineness) dropped by Rs 215 to end at Rs 42,440 per kg as compared to Rs 42,655 yesterday. ENERGY: From a high volatility of 125% on February 25 US natural gas futures volatility has declined to 27.6% - a pointer that climate is moderating and temperatures are rising which can act as a negative factor for prices. April marks the beginning of natural gas injection season, with working inventories in storage at their lowest level since 2003 at 822 Bcf as of March 28. 2014. The Energy Information Administration (EIA) report suggests robust injection is going to happen this season starting April as higher prices reduce the natural gas power burn this year. BASE METAL: Tracking a weak global trend, copper prices fell by 0.36 per cent to Rs 419.35 per kg in futures trade today as speculators offloaded their positions. At the Multi Commodity Exchange, copper for delivery in far-month August contracts fell Rs 1.50, or 0.36 per cent, to Rs 419.35 per kg in business turnover of 33 lots. Similarly, the metal for delivery in June traded lower by Rs 1.30, or 0.31 per cent, to Rs 416.50 per kg in 513 lots.
  3. 3. www.TheEquicom.com 0731-6770000 3 GOLD (5 JUN.) SILVER (5 JULY.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 42200, 42800 SUPPORT : - 41600, 41300 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 28650, 28800 SUPPORT : - 28300, 28100 STRATEGY : - SELL ON HIGH
  4. 4. www.TheEquicom.com 0731-6770000 4 CRUDEOIL (19 MAY.) NATURAL GAS (27 MAY.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 265 .00, 269.00 SUPPORT : - 254.00, 250.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6060, 6100 SUPPORT : - 6000, 5970 STRATEGY : - SELL ON HIGH
  5. 5. www.TheEquicom.com 0731-6770000 5 COPPER (30 JUN.) LEAD (30 MAY.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 127.00, 128.00 SUPPORT : - 124.00, 123.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 418.00, 420.50 SUPPORT : - 412.00, 409.50 STRATEGY : - SELL ON HIGH
  6. 6. www.TheEquicom.com 0731-6770000 6 ZINC (30 MAY.) ALUMINUM (30 MAY.) NICKEL (30 MAY.) OUTLOOK: TREND : - BULLISH RESISTANCE : - 1260.00, 1270.00 SUPPORT : - 1232.00, 1220.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - BEARISH RESISTANCE : - 105.50, 106.50 SUPPORT : - 103.00, 102.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 124.00, 125.00 SUPPORT : - 121.00, 120.00 STRATEGY : - SELL ON HIGH
  7. 7. www.TheEquicom.com 0731-6770000 7 GOLD 1294.50 SILVER 19.522 COPPER 3.126 CRUDEOIL 101.96 PALLANDIUM 814.80 PLATINUM 1453.30 USDINR 59.7625 EURUSD 01.3716 USDJPY 102.148 USDCHF 00.8887 GBPUSD 01.6852 USDCAD 01.0904
  8. 8. www.TheEquicom.com 0731-6770000 8
  9. 9. www.TheEquicom.com 0731-6770000 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.

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