Daily mcx newsletter 19 dec 2013

Daily mcx newsletter 19 dec 2013

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  DAILY MCX NEWSLETTER DEC. 19-DEC.-2013 THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED www.TheEquicom.com 09200009266 www.TheEquicom.com +919200009266 1
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  BULLION Gold and Silverprices dropped as US Federal Reserve Chairman Ben Bernanke announced BASE METAL ENERGY Copper surplus is expected to widen and The inflation surge in November was caused outpace demand growth in 2014, according by rise in prices across categories- fuel, food to International Copper Study Group articles, non-food articles and manufactured the first cut in bond buying activity at the end (ICSG). products. of the Federal Open Market Committee Meet ICSG pointed out that surplus is expected "Momentum indicators suggest that while to grow from 387,000 tons this year to inflation in primary articles is likely to 632,000 tons in 2014.Global copper demand moderate in the coming months, inflation in is expected to increase by 4.5% in 2014 as manufactured products could accelerate economic recovery gains steam further. Momentum in manufactured product internationally. categories - food, textiles, basic metals, alloys Refined copper production to rise 5.5% to and metal products, shows an upward trend, 22.1 mn tons next year on China production partly reflecting the adverse impact of the tapering of the massive bond-buying gains. In 2013- it grew 3.9% to 20.9 mn tons. weak rupee on imported inflation," according stimulus. The measures will be gradually Projects deferred during financial crisis will to CRISIL Research. go onstream in 2014-15 increasing mine With a weak rupee and rising fuel prices, output margins of producers are under stress. The the economy progressses as expected. Reuters World mine output to surge 11.4% to 18.6 extent of rising input costs being passed on to reported that the move surprised some mn tons in 2014. consumers is likely to rise further, especially if Copper witnessed some uptrend in LME household consumption begins to improve, this week climbing to $7159 a ton on weak following a normal monsoon, and a markets. It marked a historic turning point for dollar, China demand for the metal consequent increase in farm incomes. Given the largest monetary policy experiment ever, it although the metal has fallen close to 10% the rising inflation - both at the retail and year-to-date.It broke below $7,000 a tonne in wholesale level, the RBI with inflation control mid-November after holding in a $7,000- as its prime objective, is set to hike the repo $7,400 range since August. rate once again later this week. on Wednesday.US Gold futures for February delivery fell sharply by $16.18 an ounce to $1218.2 while silver for March delivery dropped 1.58% to $19.71. Bernanke said that US economy is now strong enough for start of implemented so as to end QE3 by late 2014 if investors but did not cause much shock in the said. www.TheEquicom.com +919200009266 2
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  BULLION GOLD (5 FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY :-CONSOLIDATE : - 29000, 29200 : - 28600, 28350 : - BUY ON DIPS SILVER (5 MAR.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 45700, 46000 : - 44800, 44500 : - BUY ON DIPS HIGH www.TheEquicom.com +919200009266 3
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  ENERGY CRUDEOIL (20 JAN.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY :- CONSOLIDATE : - 6140, 6200 : - 6060, 6000 : - BUY ON DIPS NATURAL GAS (26 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : -BULLISH : - 269.00, 273.00 : - 263.00, 259.50 : - BUY ON DIPS www.TheEquicom.com +919200009266 4
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  BASE METAL COPPER (28FEB.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -464.50, 468.00 : - 457.00, 454.00 : - BUY ON DIPS LEAD (31 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 136.00, 137.50 : - 133.00, 132.00 : - BUY ON DIPS www.TheEquicom.com +919200009266 5
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  ZINC (31 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY :- CONSOLIDATE : - 124.50, 126.00 : - 122.50, 121.00 : - BUY ON DIPS ALUMINUM (31 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 111.00, 112.00 : - 108.50, 107.50 : - BUY ON DIPS NICKEL (31 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 882.00, 886.50 : - 869.00, 862.50 : - BUY ON DIPS www.TheEquicom.com +919200009266 6
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  GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM 1219.94 19.519 03.303 97.98 04.294 697.30 1338.30 USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD 62.4725 01.3656 103.957 00.8955 01.6371 01.0723 www.TheEquicom.com+919200009266 7
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  www.TheEquicom.com +919200009266 8
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  DISCLAIMER The information andviews 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. www.TheEquicom.com +919200009266 9