Daily mcx newsletter 06 august 2014

Daily mcx newsletter 06 august 2014

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  www.TheEquicom.com 09200009266 1 PPP P 06- AUG.-2014 DAILYMCX NEWSLETTER www.TheEquicom.com 09200009266
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  www.TheEquicom.com 09200009266 2 BULLION: Bullion weremostly stable with gold and silver as per latest quote seen at $1292 and $20.23 per ounce. In India, we saw moderate appreciation in the Rupee as the top Bank kept interest rates unchanged which indirectly impacted moderate negativity in non-agri commodities. Overall we hold our morning stance on Bullion wherein we continue to sell the two on small pullbacks while expectations over better US data to further weigh on the Bullion complex. ENERGY: In Energy, oil added modestly yesterday though was largely stable during the afternoon session at the NYMEX electronic trade. As stated in the morning, initial inventory forecast for oil is depicting a decline in crude stocks by 1.5 million barrels whereas gasoline stocks too are expected to fall. The API would release its separate supply data today night (IST). However, overall we hold a negative view commodity on expected deceleration in demand whereas refinery utilization rate too likely to drop. While US data and positive US equities may provide some support to the commodity in latter half, we recommend selling oil on pullbacks today. BASE METAL: Base metals, we had a largely buying view in the segment except Nickel though most of them witnessed good correction in the European hours today, probably a moderate impact of marginally weaker than expected EU Composite PMI number. Though late session cues from the US still stand healthy and we advice traders to continue holding long positions whereas fresh positions can be build on dips. Our top buying metals would be Al, Cu and Zn for the latter half though maintain selling in Nickel commodity.
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  www.TheEquicom.com 09200009266 3 GOLD (5AUG.) SILVER (5 SEP.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 43700, 44000 SUPPORT : - 43100, 42700 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 28300, 28500 SUPPORT : - 28000, 27700 STRATEGY : - SELL ON HIGH
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  www.TheEquicom.com 09200009266 4 CRUDEOIL (19AUG.) NATURAL GAS (26 AUG.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 245.00, 250.00 SUPPORT : - 230.00, 225.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 5970, 6020 SUPPORT : - 5900, 5850 STRATEGY : - SELL ON HIGH
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  www.TheEquicom.com 09200009266 5 COPPER (29AUG.) LEAD (31 JULY) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 138.00, 139.00 SUPPORT : - 135.50, 134.50 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 435.00, 438.00 SUPPORT : - 430.00, 426.00 STRATEGY : - SELL ON HIGH
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  www.TheEquicom.com 09200009266 6 ZINC (31JULY) ALUMINUM (31 JULY) NICKEL (31 JULY) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 1140.00, 1150.00 SUPPORT : - 1120.00, 1110.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 124.00, 125.00 SUPPORT : - 121.50, 120.50 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 147.50, 148.50 SUPPORT : - 144.50, 143.50 STRATEGY : - SELL ON HIGH
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  www.TheEquicom.com 09200009266 7 GOLD 1289.82 SILVER19.844 COPPER 3.199 CRUDEOIL 97.56 PALLANDIUM 846.00 PLATINUM 1456.50 USDINR 61.4450 EURUSD 01.3366 USDJPY 102.539 USDCHF 00.9094 GBPUSD 01.6869 USDCAD 01.0963
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  www.TheEquicom.com 09200009266 8
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  www.TheEquicom.com 09200009266 9 DISCLAIMER The informationand 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.