Weekly mcx newsletter 26 may 2014

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Weekly mcx newsletter 26 may 2014

  1. 1. www.TheEquicom.com +919200009266 26TH TO 31ST MAY.’2014
  2. 2. www.TheEquicom.com +919200009266 Reserve Bank of India's move to ease imports of gold have brought down prices to Rs 27,600 per 10 gm but consumers are still not flocking to buy the precious metal in anticipation that prices may further fall after Narendra Modi fomally assumes office on Monday. But the shine is back among exporters as they think that pure gold jewellery exports will increase by 15% in the current fiscal as supply of the precious metal will improve. Investors were looking at the stock market, and there is no festival to prop up retail demand. "Generally, demand slows down in June and July as there is no major festival in these two months. So, we will not see much of a buying unless gold prices drop to Rs 25,000 per 10 gm level. A strong equity market is attracting investors now. They are not finding gold lucrative right now. Therefore, in this scenario, imports should be around 70-80 tonnes in these two months. BULLION
  3. 3. www.TheEquicom.com +919200009266 Brent crude held steady above $110 a barrel on Friday, set for a second straight week of gains, supported by conflicts in Libya and Ukraine as well as by positive economic data in the world's top two oil consumers, the United States and China. A recent rally in oil prices, which pushed Brent to a 2-1/2-month peak just above $111 on Thursday, could gain momentum as Asian shares edged up to one-year highs on Friday on signs of improving growth in the world's biggest economies. Brent crude was up 12 cent at $110.48 a barrel by 0712 GMT. The contract settled 19 cents lower on Thursday, after earlier touching $111.04, the highest since March 4. US crude gained 4 cents to $103.78 a barrel after settling 33 cents lower, but was still on course for its third weekly gain on the back of a steep drop in US oil inventories last week. "Brent managed to break through its previous high of $110.60, so I think there is scope for further gains over the coming week." ENERGY
  4. 4. www.TheEquicom.com +919200009266 Prices of copper and nickel rose by Rs 2 per kg on the local non-ferrous metals market today on increased buying by stockists to meet increased demand from consuming industries amidst a firming global trend. Traders said sentiment remained firm after copper advanced on improving factory output in China and the US, the world's largest consumers of the metal, amid shrinking stockpiles. Meanwhile, copper for delivery in three months was little changed at 6,874 dollar a metric ton on the London Metal Exchange. In the national capital, nickel (4x4) and copper mixed scrap advanced by Rs 2 each to Rs 1,094- 1,095 and Rs 435 per kg, respectively. BASEMETAL
  5. 5. www.TheEquicom.com +919200009266 OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 27900, 28300 SUPPORT : - 27000, 26700 STRATEGY : - SELL ON HIGH GOLD (5 JUN.)
  6. 6. www.TheEquicom.com +919200009266 OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 41500, 42500 SUPPORT : - 40000, 394 00 STRATEGY : - SELL ON HIGH SILVER (5 JULY.)
  7. 7. www.TheEquicom.com +919200009266 OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6200, 6300 SUPPORT : - 6000, 5900 STRATEGY : - BUY ON DIPS CRUDEOIL (19 JUN)
  8. 8. www.TheEquicom.com +919200009266 OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 416.00, 423.00 SUPPORT : - 400.00, 392.00 STRATEGY : - SELL ON HIGH COPPER (30 JUN.)
  9. 9. www.TheEquicom.com +919200009266 GOLD 1293.93 SILVER 19.408 COPPER 3.163 CRUDE OIL 104.06 NATURAL GAS 4.394 PALLADIUM 828.70 PLATINUM 1482.10 USDINR 59.4250 EURUSD 01.3630 USDJPY 101.810 USDCHF 00.8953 GBPUSD 01.6842 USDCAD 01.0881
  10. 10. www.TheEquicom.com +919200009266
  11. 11. www.TheEquicom.com +919200009266
  12. 12. www.TheEquicom.com +919200009266
  13. 13. www.TheEquicom.com +919200009266 SCRIPT R3 R2 R1 P S1 S2 S3 GOLD 29300 28800 28100 27600 26850 26400 25700 SILVER 42200 41800 41300 40000 40400 40100 39500 CRUDEOIL 6350 6250 6200 6050 6000 5900 5850 COPPER 424.50 419.50 415 410 406 400.50 396 LEAD 129.50 128 126 124 122.50 120.50 118.50 ZINC 126 124.50 123 121.50 120 119 117.50 ALIMINUM 108.50 106.50 105.50 103.50 102.00 100 99 NICKEL 1235.50 1210 1176 1150 1116 1090.50 1056 NATURAL GAS 281 275 266 260 251 245 236
  14. 14. www.TheEquicom.com +919200009266 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 & 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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