Mcx Report Update Of 19 may by Theequicom

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Mcx Report Update Of 19 may by Theequicom

  1. 1. www.TheEquicom.com 0731-6770000 1 PPP P 20-MAY.-2014 DAILY MCX NEWSLETTER www.TheEquicom.com 0731-6770000
  2. 2. www.TheEquicom.com 0731-6770000 2 BULLION: Gold prices plunged and closed below the psychologically-significant Rs 29,000 per 10 grams mark at the local bullion market on consistent selling by stockists and speculators despite firm global sentiment. On the other hand, silver regained some lost ground on emergence of buying from jewellery and coin makers coupled with renewed industrial off-take. Standard gold (99.5 purity) dropped by Rs 230 to conclude at Rs 28,790 per 10 grams from last Saturday's closing level of Rs 29,020. ENERGY: Crude palm oil prices moved down by 0.83 per cent to Rs 540.90 per 10 kg in futures trade today as speculators reduced holdings amid sluggish demand in the spot market. Adequate stocks position in the physical market also put pressure on crude palm oil prices. At the Multi Commodity Exchange, crude palm oil for delivery in June traded lower by Rs 5.50, or 0.83 per cent, to Rs 540.90 per 10 kg in a business turnover of 405 lots. In a similar fashion, the oil for delivery in May lost Rs 4, or 0.73 per cent, to Rs 543.10 per 10 kg in 122 lots. BASE METAL: An unprecedented rally in nickel since the beginning of 2014 culminated in a steep sell of last week.Market euphoria became overly extended after nickel prices advanced above USD20,000/tonne, the highest level in over two years.
  3. 3. www.TheEquicom.com 0731-6770000 3 GOLD (5 JUN.) SILVER (5 JULY.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 41200, 41500 SUPPORT : - 40400, 40100 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 28300, 28500 SUPPORT : - 28000, 27800 STRATEGY : - SELL ON HIGH
  4. 4. www.TheEquicom.com 0731-6770000 4 CRUDEOIL (19 JUN.) NATURAL GAS (27 MAY.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 268 .00, 272.00 SUPPORT : - 258.00, 254.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6050, 6080 SUPPORT : - 5960, 5920 STRATEGY : - SELL ON HIGH
  5. 5. www.TheEquicom.com 0731-6770000 5 COPPER (30 JUN.) LEAD (30 MAY.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 126.50, 127.50 SUPPORT : - 123.50, 122.50 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 415.00, 419.00 SUPPORT : - 409.00, 405.00 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 : - 1200.00, 1210.00 SUPPORT : - 1170.00, 1150.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - BEARISH RESISTANCE : - 103.00, 104.00 SUPPORT : - 100.50, 99.50 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 123.50, 124.50 SUPPORT : - 121.00, 120.00 STRATEGY : - SELL ON HIGH
  7. 7. www.TheEquicom.com 0731-6770000 7 GOLD 1293.48 SILVER 19.339 COPPER 3.161 CRUDEOIL 102.18 PALLANDIUM 815.50 PLATINUM 1467.20 USDINR 58.7075 EURUSD 01.3710 USDJPY 101.550 USDCHF 00.8918 GBPUSD 01.6817 USDCAD 01.0872
  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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