Daily mcx newsletter 08 oct 2013


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Daily mcx newsletter 08 oct 2013

  1. 1. www.TheEquicom.com +919200009266 THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED www.TheEquicom.com 09200009266 00008888----OCTOCTOCTOCT.... ----2013201320132013 DAILY MCX NEWSLETTER
  2. 2. www.TheEquicom.com +919200009266 BULLION Gold and Silver: Physical reality in an increasingly alternative universe The main sentiment barometer remains equities, despite the fact that the mainstream investor is largely not participating. That could change as portfolio managers begin making the rounds using charts showing all time highs, and the rally that was missed by the baby boomer who vowed never to return after the dot-com bubble burst. ENERGY US crude oil continued its southward journey on Friday amid persisting concerns that partial shutdown of the US government may cut economic activities in the country there by reducing the demand for crude oil. A three to four week shutdown of the government would reduce the economic growth in the country by 1.4 percentage points in the fourth quarter, says Mark Zandi of Moody’s Analytics. Earlier, Moody's had estimated 3% expansion in the fourth quarter without closure. BASE METAL India copper futures was seen trading bearish pressured by weak India HSBC Services Purchasing Managers' Index (PMI). The HSBC Services PMI declined to 44.6 in September from 47.6 recorded in August and the latest figure shows the fastest contraction in services since March 2009. The Indian services companies witnessed a fastest contraction in four year. Technically, the trend in copper futures for November delivery on India's Multi Commodity Exchange (MCX) looks sideways to bearish for the day and intra-day traders are advised to take sell position.
  3. 3. www.TheEquicom.com +919200009266 GOLD (5 DEC.) SILVER (5 DEC.) OUTLOOK: TREND : -CONSOLIDATE RESISTANCE : - 29890, 30160 SUPPORT : - 29200, 28900 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 49800, 50100 SUPPORT : - 49350, 48730 STRATEGY : - SELL ON HIGHS BULLION
  4. 4. www.TheEquicom.com +919200009266 CRUDEOIL (21 OCT.) NATURAL GAS (28 OCT.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6430, 6500 SUPPORT : - 6340, 6290 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 228.30, 230.60 SUPPORT : - 219.70, 215.70 STRATEGY : - SELL ON HIGHS
  5. 5. www.TheEquicom.com +919200009266 COPPER (29 NOV.) LEAD (31 OCT.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : -458.00, 462.00 SUPPORT : - 447.50, 444.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 127.20, 128.30 SUPPORT : - 125.40, 124.50 STRATEGY : - SELL ON HIGHS
  6. 6. www.TheEquicom.com +919200009266 ZINC (31 OCT.) ALUMINUM (31 OCT.) NICKEL (31 OCT.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 115.30, 116.00 SUPPORT : - 114.20, 113.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 113.50, 114.60 SUPPORT : - 112.10, 110.80 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 870.00, 890.00 SUPPORT : - 850.00, 835.00 STRATEGY : - SELL ON HIGHS
  7. 7. www.TheEquicom.com +919200009266 GOLD 1325.00 SILVER 22.316 COPPER 03.297 CRUDE OIL 102.90 NATURAL GAS 03.641 PALLADIUM 704.70 PLATINUM 1402.50 USDINR 61.7800 EURUSD 01.3568 USDJPY 96.7800 USDCHF 00.9040 GBPUSD 01.6083 USDCAD 01.0324
  8. 8. www.TheEquicom.com +919200009266
  9. 9. 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.