Daily mcx newsletter 16 may 2014

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Daily mcx newsletter 16 may 2014

  1. 1. www.TheEquicom.com 0731-6770000 1 PPP P 16-MAY.-2014 DAILY MCX NEWSLETTER www.TheEquicom.com 0731-6770000
  2. 2. www.TheEquicom.com 0731-6770000 2 BULLION: Gold was trading Rs 80 lower at Rs 29,780 per 10 grams in the local grey market on Wednesday, pressured partly by a gain in the rupee. The official market in Zaveri Bazaar is closed because of the Buddha Purnima festival. Gold rose on Wednesday after the dollar and European equities came under pressure as investors awaited confirmation of further stimulus from the European Central Bank. Gold was also lifted by strong gains in platinum and palladium on worries that increasing labour tensions in major producer South Africa could hurt supply. ENERGY: The price of oil declined Thursday after official figures showed US crude production at a 28-year high. Benchmark US crude for June delivery was down 42 cents to $101.95 a barrel at 0740 GMT on the New York Mercantile Exchange. The contract rose 67 cents on Wednesday to close at $102.37. The US Energy Information Administration said Wednesday that domestic crude production reached 8.428 million barrels during the week ended May 9. That was the highest level since October 1986. BASE METAL: Nickel prices declined modestly after four session surge non-ferrous metal market here today on reduced demand from stockists in the backdrop of lower global cues. Meanwhile, tin, aluminium ingots and select copper moved up owing to good offtake from industrial users. The industrial metal nickel slipped at the LME in early trade, losing steam after supply concerns drove a rally of more than 15 percent in three days, while London copper steadied on the prospect that a slowdown in top consumer China could be countered by fresh stimulus.
  3. 3. www.TheEquicom.com 0731-6770000 3 GOLD (5 JUN.) SILVER (5 JULY.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 42100, 42400 SUPPORT : - 41300, 41000 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 28600, 28800 SUPPORT : - 28200, 28000 STRATEGY : - SELL ON HIGH
  4. 4. www.TheEquicom.com 0731-6770000 4 CRUDEOIL (19 MAY.) NATURAL GAS (27 MAY.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 271 .00, 275.00 SUPPORT : - 262.00, 258.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6080, 6120 SUPPORT : - 5990, 5960 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 : - 419.00, 422.00 SUPPORT : - 412.00, 408.00 STRATEGY : - SELL ON HIGH
  6. 6. www.TheEquicom.com 0731-6770000 6 ZINC (30 MAY.) ALUMINUM (30 MAY.) NICKEL (30 MAY.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 1120.00, 1140.00 SUPPORT : - 1090.00, 1065.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - BEARISH RESISTANCE : - 105.00, 106.00 SUPPORT : - 102.00, 101.00 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 1296.58 SILVER 19.482 COPPER 3.145 CRUDEOIL 101.84 PALLANDIUM 813.10 PLATINUM 1465.60 USDINR 58.8800 EURUSD 01.3715 USDJPY 101.446 USDCHF 00.8903 GBPUSD 01.6789 USDCAD 01.0870
  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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