Daily mcx newsletter 25 sep 2013


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Daily mcx newsletter 25 sep 2013

  1. 1. www.TheEquicom.com +919200009266 25-SEP. -2013 DAILY MCX NEWSLETTER
  2. 2. www.TheEquicom.com +919200009266 BULLION Gold prices continued their southward journey and were seen trading down amid firm China data and fresh stimulus concerns. Analysts say that, the recent decision from US Federal Reserve to continue with its monetary stimulus program till the economy backs to its solid growth path may support gold prices only for short term. Signs of economic recovery around the globe was seen pressuring the yellow metal prices to certain extent in the global market. Gold futures for December delivery on Globex platform of Comex was seen trading down by 0.03% at $1326.9 per troy ounce as of 9:37 IST on Tuesday. ENERGY Crude oil futures on NYMEX slightly rose on Monday amid positive data releases from China and Europe. However, the commodity was seen trading under pressure on fresh concerns that US Federal Reserve may start curbing its monetary stimulus later this year on improving economic conditions in the United States. WTI crude oil futures on NYMEX was seen trading with a slight gain of 10 cents at $103.46 per barrel as of 9:43 IST on Tuesday. Meanwhile, the trend in crude oil futures for October delivery on India's Multi Commodity Exchange (MCX) looks sideways to bearish for the day and intra-day traders are advised to stay on sell side. BASE METAL Copper prices edged down in the international market and were seen trading down despite positive data from China. The base metal is expected to continue with its negative for the day amid concerns over US monetary stimulus. Copper futures for December delivery on Globex platform of Comex was seen trading down by 0.06% at $3.227 per pound as of 9:38 IST on Tuesday.
  3. 3. www.TheEquicom.com +919200009266 GOLD (5 OCT.) SILVER (5 DEC.) OUTLOOK: TREND : -CONSOLIDATE RESISTANCE : - 29990, 31430 SUPPORT : - 29540, 29270 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 49540, 50000 SUPPORT : - 48430, 48000 STRATEGY : - SELL ON HIGHS BULLION
  4. 4. www.TheEquicom.com +919200009266 CRUDEOIL (21 OCT.) NATURAL GAS (25 SEP.) ENERGY OUTLOOK: TREND : - BEARISH RESISTANCE : - 6570, 6615 SUPPORT : - 6460, 6400 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 223.50, 228.50 SUPPORT : - 218.00, 215.00 STRATEGY : - SELL ON HIGHS
  5. 5. www.TheEquicom.com +919200009266 COPPER (29 NOV.) LEAD (30 SEP.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : -463.00, 468.00 SUPPORT : - 456.70, 451.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 129.35, 130.20 SUPPORT : - 127.70, 127.00 STRATEGY : - SELL ON HIGHS
  6. 6. www.TheEquicom.com +919200009266 ZINC (30 SEP.) ALUMINUM (30 SEP.) NICKEL (30 SEP.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 117.30, 118.30 SUPPORT : - 115.60, 114.60 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 111.25, 112.00 SUPPORT : - 110.00, 109.15 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 867.50, 890.00 SUPPORT : - 858.00, 850.00 STRATEGY : - SELL ON HIGHS
  7. 7. www.TheEquicom.com +919200009266 GOLD 1324.15 SILVER 21.659 COPPER 03.255 CRUDE OIL 103.20 NATURAL GAS 03.502 PALLADIUM 720.10 PLATINUM 1429.50 USDINR 62.7800 EURUSD 01.3480 USDJPY 98.6600 USDCHF 00.9130 GBPUSD 01.5997 USDCAD 01.0303
  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.