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Daily mcx newsletter 30 may 2014


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Daily mcx newsletter 30 may 2014

  1. 1. 09200009266 1 PPP P 30-MAY.-2014 DAILY MCX NEWSLETTER 09200009266
  2. 2. 09200009266 2 BULLION: Gold today fell to the lowest level in 16 weeks as signs of an improving US economy and stronger dollar curbed demand for the metal. Gold lost 0.4 per cent to USD 1,252.76 an ounce after reaching USD 1,251.56 earlier today, the lowest since February 4. Silver also fell 0.6 per cent to USD 18.91 an ounce. The dollar was near a three-month high against the euro today after data this week showed better-than-expected US durable goods orders and on expectation that the European Central Bank will add stimulus. ENERGY: Brent crude rose back above $110 a barrel on Thursday on signs of stronger demand from top oil consumer the United States, with a sharp drop in its gasoline stocks adding to recent data showing a strengthening economy. The brighter demand outlook underpinned prices already boosted by concerns about the loss of most supply from Libya and a widening rift between the West and Russia, the world's second largest oil exporter, over Ukraine. 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. Likewise, the metal for delivery in May contracts inched up by Rs 1.50, or 0.13 per cent to Rs 1,154 per kg in 508 lots.
  3. 3. 09200009266 3 GOLD (5 JUN.) SILVER (5 JULY.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 40300, 40600 SUPPORT : - 39600, 39300 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 27000, 27150 SUPPORT : - 26600, 26450 STRATEGY : - SELL ON HIGH
  5. 5. 09200009266 5 COPPER (30 JUN.) LEAD (30 MAY.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 124.50, 125.50 SUPPORT : - 120.50, 119.50 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 415.00, 418.00 SUPPORT : - 407.00, 403.00 STRATEGY : - SELL ON HIGH
  6. 6. 09200009266 6 ZINC (30 MAY.) ALUMINUM (30 MAY.) NICKEL (30 MAY.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 1125.00, 1140.00 SUPPORT : - 1100.00, 1090.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 107.50, 108.50 SUPPORT : - 105.00, 104.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 122.50, 123.50 SUPPORT : - 120.50, 119.50 STRATEGY : - SELL ON HIGH
  7. 7. 09200009266 7 GOLD 1257.50 SILVER 19.021 COPPER 3.137 CRUDEOIL 103.39 PALLANDIUM 836.40 PLATINUM 1463.20 USDINR 59.1825 EURUSD 01.3603 USDJPY 101.550 USDCHF 00.8973 GBPUSD 01.6730 USDCAD 01.0832
  8. 8. 09200009266 8
  9. 9. 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.