Daily mcx newsletter 25 july 2014

Daily mcx newsletter 25 july 2014

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  www.TheEquicom.com 09200009266 1 PPP P 25- JULY-2014 DAILYMCX NEWSLETTER www.TheEquicom.com 09200009266
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  www.TheEquicom.com 09200009266 2 BULLION: Spot goldprices are trading lower by 0.4 percent today as outlook for an improving U.S. economy and stronger dollar reduced demand for a haven. Also, China’s gold imports from Hong Kong fell for a fourth month in June to 36.4 metric tons amid weaker demand from retailers and a deepening probe into commodities being used in financing deals. On the MCX, gold prices fell by 0.3 percent and touched a low of Rs.27707/10 gms. Spot silver prices are trading marginally lower owing to negative trend in gold prices. ENERGY: NYMEX crude oil prices declined by around 0.3 percent today as inventories of gasoline expanded for a third week in the U.S., the world’s largest oil consumer. However, positive manufacturing data from China which accounts for about 11 percent of global oil demand restricted sharp downside. As per the US Energy Department (EIA) report, US crude oil inventories declined more than expected by 4 million barrels to 371.1 million in the week ended July 18. BASE METAL: Base metals on the LME are trading on a positive note on the back of favourable manufacturing data from the biggest consumer, China. Also, declining trend in inventories supported gains. In the Indian markets, base metals traded higher in line with international trends. LME Copper prices jumped by more than 1 percent today as Chinese manufacturing expanded at a fastest pace in 18 months and stockpiles returned to the lowest level in almost six years. Also, rise in risk appetite in the market sentiments supported gains.
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  www.TheEquicom.com 09200009266 3 GOLD (5AUG.) SILVER (5 SEP.) BULLION OUTLOOK: TREND : - BEARISH RESISTANCE : - 44000, 44500 SUPPORT : - 43400, 43000 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - BEARISH RESISTANCE : - 27800, 28000 SUPPORT : - 27500, 27300 STRATEGY : - SELL ON HIGH
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  www.TheEquicom.com 09200009266 4 CRUDEOIL (19AUG.) NATURAL GAS (28 JULY) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 236.00, 240.00 SUPPORT : - 225.00, 220.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6200, 6250 SUPPORT : - 6100, 6050 STRATEGY : - BUY ON DIPS
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  www.TheEquicom.com 09200009266 5 COPPER (29AUG.) LEAD (31 JULY) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 135.00, 136.00 SUPPORT : - 133.00, 132.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 435.00, 438.00 SUPPORT : - 430.00, 426.00 STRATEGY : - BUY ON DIPS
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  www.TheEquicom.com 09200009266 6 ZINC (31JULY) ALUMINUM (31 JULY) NICKEL (31 JULY) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 1155.00, 1165.00 SUPPORT : - 1130.00, 1115.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 122.00, 123.00 SUPPORT : - 120.00, 119.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 144.50, 145.50 SUPPORT : - 142.50, 141.50 STRATEGY : - BUY ON DIPS
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  www.TheEquicom.com 09200009266 7 GOLD 1291.24 SILVER20.407 COPPER 3.255 CRUDEOIL 101.93 PALLANDIUM 870.30 PLATINUM 1467.00 USDINR 60.1800 EURUSD 01.3465 USDJPY 101.752 USDCHF 00.9023 GBPUSD 01.6988 USDCAD 01.0742
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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.