[Link].
com 09200009266
1
PPP
P
07-OCT.-2014
DAILY MCX NEWSLETTER
[Link]
09200009266
[Link] 09200009266
2
BULLION:
Gold held above $1,200 an ounce on Tuesday, retaining most of its sharp
overnight gains following a bout of profit-taking in the dollar, but optimism
over the US economy and possibility of higher rates kept investors wary.
Spot gold slipped slightly to $1,203.30 an ounce by 0249 GMT. It had jumped
1.3 per cent on Monday in its biggest one-day gain in two months as physical
buyers and bargain hunters lent support following earlier lows.
ENERGY:
Brent crude, the benchmark for half of the world's traded crude oil, will enter a bear
market if it slips another $1 a barrel from the current levels. It is down more than 19%
from this year's highest settlement of $115 a barrel on June 19. According to technical
analysis parameters, a 20% decline from the peak is perceived as the start of a bear
market.
Oil traders are growing increasingly convinced that prices will keep falling. This is the
key reason there have been deep layers of open interest for put options at $90 and
below of the WTI contracts,
BASE METAL:
Prices of nickel and copper rose by Rs 2 per kg at the local non-ferrous metal market
today on increased demand from consuming industries.
Traders said increased demand from consuming industries and a report of a firming
global trend mainly supported the upside in nickel and copper prices.
[Link] 09200009266
3
GOLD (5 DEC.)
SILVER (5 DEC.)
BULLION
OUTLOOK:
TREND : - BEARISH
RESISTANCE : - 38900, 39200
SUPPORT : - 38000, 37600
STRATEGY : - SELL ON HIGH
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 26950, 27100
SUPPORT : - 26550, 26400
STRATEGY : - SELL ON HIGH
[Link] 09200009266
4
CRUDEOIL (20 OCT.)
NATURAL GAS (28 OCT.)
ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 244.00, 248.00
SUPPORT : - 237.00, 234.00
STRATEGY : - SELL ON HIGH
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 5600, 5640
SUPPORT : - 5510, 5470
STRATEGY : - SELL ON HIGH
[Link] 09200009266
5
COPPER (28 NOV.)
LEAD (31 OCT.)
BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 131.00, 132.00
SUPPORT : - 128.00, 127.00
STRATEGY : - BUY ON DIPS
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 419.00, 421.00
SUPPORT : - 414.00, 412.00
STRATEGY : - BUY ON DIPS
[Link] 09200009266
6
ZINC (31 OCT.)
ALUMINUM (31 OCT.)
NICKEL (31 OCT.)
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 1042.00, 1055.00
SUPPORT : - 1020.00, 1010.00
STRATEGY : - BUY ON DIPS
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 119.00, 120.00
SUPPORT : - 116.00, 115.00
STRATEGY : - BUY ON DIPS
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 144.00, 145.00
SUPPORT : - 140.50, 139.50
STRATEGY : - BUY ON DIPS
[Link] 09200009266
7
GOLD 1204.84
SILVER 17.285
COPPER 3.039
CRUDEOIL 90.18
PALLANDIUM 771.00
PLATINUM 1250.20
USDINR 61.6925
EURUSD 01.2615
USDJPY 109.125
USDCHF 00.9609
GBPUSD 01.6039
USDCAD 01.1177
[Link] 09200009266
8
[Link] 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.