Daily mcx newsletter 27 sep 2013


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Daily mcx newsletter 27 sep 2013

  1. 1. www.TheEquicom.com +919200009266 27-SEP. -2013 DAILY MCX NEWSLETTER
  2. 2. www.TheEquicom.com +919200009266 BULLION US gold remained steady on Thursday amid upcoming Chinese holidays. Weak physical demand for the yellow metal was seen pressuring the commodity price movement to certain extent in the global market. Gold futures for December delivery on Globex platform of Comex was seen trading up by 0.058% at $1337 per troy ounce as of 13.51 IST on Thursday. Upcoming Chinese holidays have affected gold demand in the global market. The holidays are expected to weaken gold demand in the global market. Chinese markets will be closed next week for the National Day holiday. Tracking a narrow trade on Comex, India gold futures for October delivery on Multi Commodity Exchange (MCX) is sideways to bearish and is likely to continue with the trend for the day ENERGY India crude oil futures remained down on Thursday and continued its southward movement tracking a decline at NYMEX crude oil prices recorded on Wednesday due to higher than expected stock-piles. The trend in crude oil futures for October delivery on India's Multi Commodity Exchange (MCX) looks sideways to bearish for the day and traders are advised to stay on sell side. US crude oil futures fell to 12 week low on Wednesday due to unexpected rise in US crude oil stock-piles, rebounding crude oil supply from Libya, Nigeria and waning Syria tensions. WTI crude oil futures for October delivery on NYMEX was down by 0.048% at $102.71per barrel as of 15.29 IST on Thursday. BASE METAL India copper futures on its Multi Commodity Exchange (MCX) recorded a slight up-tick on Thursday, however, technically the prices were seen trading bearish and are expected to continue withthe trend for the day. In the global market, copper futures recorded a slight up-tick on Thursday and was seen trading slightly positive. Copper futures for December delivery on Globex platform of Comex was seen trading up by 0.94% at $3.301 per pound as of 16.35 IST on Thursday.
  3. 3. www.TheEquicom.com +919200009266 GOLD (5 OCT.) SILVER (5 DEC.) OUTLOOK: TREND : -CONSOLIDATE RESISTANCE : - 30000, 30300 SUPPORT : - 29540, 29300 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 49060, 49450 SUPPORT : - 48300, 48000 STRATEGY : - SELL ON HIGHS BULLION
  4. 4. www.TheEquicom.com +919200009266 CRUDEOIL (21 OCT.) NATURAL GAS (28 OCT.) ENERGY OUTLOOK: TREND : - BEARISH RESISTANCE : - 6450, 6520 SUPPORT : - 6360, 6300 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 223.50, 225.00 SUPPORT : - 218.20, 215.00 STRATEGY : - SELL ON HIGHS
  5. 5. www.TheEquicom.com +919200009266 COPPER (29 NOV.) LEAD (30 SEP.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : -461.30, 465.00 SUPPORT : - 451.00, 445.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 128.90, 129.40 SUPPORT : - 127.40, 126.20 STRATEGY : - SELL ON HIGHS
  6. 6. www.TheEquicom.com +919200009266 ZINC (30 SEP.) ALUMINUM (30 SEP.) NICKEL (30 SEP.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 116.30, 117.30 SUPPORT : - 114.90, 114.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 110.40, 111.00 SUPPORT : - 109.00, 108.10 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 861.80, 867.70 SUPPORT : - 840.00, 825.00 STRATEGY : - SELL ON HIGHS
  7. 7. www.TheEquicom.com +919200009266 GOLD 1324.34 SILVER 21.579 COPPER 03.298 CRUDE OIL 102.70 NATURAL GAS 03.570 PALLADIUM 721.10 PLATINUM 1410.50 USDINR 61.9800 EURUSD 01.3475 USDJPY 98.9600 USDCHF 00.9110 GBPUSD 01.6031 USDCAD 01.0310
  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.