Daily mcx newsletter 28 may 2014

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Daily mcx newsletter 28 may 2014

  1. 1. www.TheEquicom.com 09200009266 1 PPP P 28-MAY.-2014 DAILY MCX NEWSLETTER www.TheEquicom.com 09200009266
  2. 2. www.TheEquicom.com 09200009266 2 BULLION: Gold fell to a fresh 3-1/2 month low on Wednesday, adding to sharp overnight losses, on fears slowing demand in top consumer China and as strong US economic data blunted the metal's investment-hedge appeal. Spot gold dropped to $1,260.74 an ounce, its weakest since early February, before steadying at $1,264.65 by 0258 GMT. The metal slid 2.3 per cent in the previous session - its biggest one-day drop since December. ENERGY: Oil prices rose in Asian trade today on concerns over a dramatic escalation in the Ukraine crisis that could potentially cause a disruption in gas supply and send energy prices soaring, analysts said. US benchmark, West Texas Intermediate (WTI) for delivery in July, rose two cents to USD 104.37 in late-morning trade while Brent North Sea crude for July delivery rose 23 cents to USD 110.55 per barrel. BASE METAL: Amid rising demand from domestic alloy-makers and a firming overseas, nickel prices rose further by 0.18 per cent to Rs 1156.20 per kg in futures trading today. At the Multi Commodity Exchange, nickel for delivery in June rose by Rs 2.10, or 0.18 per cent, to Rs 1,156.20 per kg in business turnover of 149 lots.
  3. 3. www.TheEquicom.com 09200009266 3 GOLD (5 JUN.) SILVER (5 JULY.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 40800, 41100 SUPPORT : - 40100, 39900 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 27100, 27300 SUPPORT : - 26800, 26600 STRATEGY : - SELL ON HIGH
  4. 4. www.TheEquicom.com 09200009266 4 CRUDEOIL (19 JUN.) NATURAL GAS (27 JUN.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 269 00, 273.00 SUPPORT : - 261.00, 257.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6190, 6220 SUPPORT : - 6100, 6070 STRATEGY : - BUY ON DIPS
  5. 5. www.TheEquicom.com 09200009266 5 COPPER (30 JUN.) LEAD (30 MAY.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 126.00, 127.00 SUPPORT : - 123.00, 122.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 419.00, 422.00 SUPPORT : - 412.00, 409.00 STRATEGY : - SELL ON HIGH
  6. 6. www.TheEquicom.com 09200009266 6 ZINC (30 MAY.) ALUMINUM (30 MAY.) NICKEL (30 MAY.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 1170.00, 1180.00 SUPPORT : - 1145.00, 1130.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 106.50, 107.50 SUPPORT : - 104.00, 103.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 124.00, 125.00 SUPPORT : - 122.00, 121.00 STRATEGY : - SELL ON HIGH
  7. 7. www.TheEquicom.com 09200009266 7 GOLD 1264.00 SILVER 19.120 COPPER 3.169 CRUDEOIL 104.11 PALLANDIUM 831.40 PLATINUM 1462.30 USDINR 59.1250 EURUSD 01.3635 USDJPY 101.930 USDCHF 00.8967 GBPUSD 01.6811 USDCAD 01.0853
  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.

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