Daily mcx newsletter 17 oct2014

Daily mcx newsletter 17 oct2014

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  DAILY MCX NEWSLETTER www.TheEquicom.com 09200009266 1 PPP P 17-OCT.-2014 www.TheEquicom.com 09200009266
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  BASE METAL: Leadprices traded lower by 2.10 per cent to Rs 123.60 per kg in futures market today as speculators reduced their positions on slowing global economic growth amid subdued domestic demand. At the Multi Commodity Exchange, lead for delivery in October declined by Rs 2.65, or 2.10 per cent, to Rs 123.60 per kg in business turnover of 335 lots. Likewise, the metal for delivery in November shed Rs 2.60, or 2.04 per cent, to Rs 124.70 per kg in 40 lots. www.TheEquicom.com 09200009266 2 BULLION: Gold prices rose further by Rs 190 to Rs 27,840 per ten grams in the national capital today on sustained buying by jewellers and retailers amid festive season demand and weakening rupee. Silver also recovered by Rs 100 to Rs 38,900 per kg on increased offtake by industrial units and coin makers. Marketmen said increased buying by jewellers and retailers to meet the festive season demand amidst a firming global trend mainly kept precious metals higher. ENERGY: Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout. Global benchmark Brent has lost more than 28 percent since June on slow demand and abundant supply. Losses have accelerated in October on signals that the Organization of the Petroleum Exporting Countries has no plan to cut output. Brent crude for November delivery had dropped to $82.60 a barrel, the lowest since November 2010 and was down 93 cents at $82.85 a barrel by 1245 GMT.
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  BULLION www.TheEquicom.com 09200009266 OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 27600, 27750 SUPPORT : - 27250, 27100 STRATEGY : - BUY ON DIPS 3 GOLD (5 DEC.) SILVER (5 DEC.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 39200, 39500 SUPPORT : - 38500, 38200 STRATEGY : - BUY ON DIPS
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  www.TheEquicom.com 09200009266 OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 5150, 5190 SUPPORT : - 5060, 5020 STRATEGY : - SELL ON HIGH 4 ENERGY CRUDEOIL (20 OCT.) NATURAL GAS (28 OCT.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 238.00, 242.00 SUPPORT : - 231.00, 228.00 STRATEGY : - SELL ON HIGH
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  BASE METAL www.TheEquicom.com09200009266 OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 412.00, 415.00 SUPPORT : - 406.00, 403.00 STRATEGY : - SELL ON HIGH 5 COPPER (28 NOV.) LEAD (31 OCT.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 124.00, 125.00 SUPPORT : - 121.00, 120.00 STRATEGY : - SELL ON HIGH
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  www.TheEquicom.com 09200009266 OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 139.50, 140.50 SUPPORT : - 135.50, 134.50 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 119.00, 120.00 SUPPORT : - 116.00, 115.00 STRATEGY : - SELL ON HIGH 6 ZINC (31 OCT.) ALUMINUM (31 OCT.) NICKEL (31 OCT.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 967.00, 975.00 SUPPORT : - 950.00, 942.00 STRATEGY : - SELL ON HIGH
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  www.TheEquicom.com 09200009266 GOLD 1239.00 SILVER 17.372 COPPER 2.967 CRUDEOIL 82.96 PALLANDIUM 747.20 PLATINUM 1256.00 USDINR 61.8425 EURUSD 01.2796 USDJPY 106.173 USDCHF 00.9432 GBPUSD 01.6077 USDCAD 01.1258 7
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  www.TheEquicom.com 09200009266 8
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  www.TheEquicom.com 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.