Daily mcx newsletter 28 july 2014

Daily mcx newsletter 28 july 2014

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  www.TheEquicom.com 09200009266 1 PPP P 28- JULY-2014 DAILYMCX NEWSLETTER www.TheEquicom.com 09200009266
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  www.TheEquicom.com 09200009266 2 BULLION: Spot Goldis still well below the crucial support of $1330 indicating sideways to negative momentum. Immediate strong supports are now placed at $1287/1281/1276/1270 whereas $1300/1306/1315 could act as strong resistances. Selling on rise is still advisable. Only move above $1315 could negate the short term bearish bias. Spot Silver - Strong intraday supports are now placed at $20.10/19.75 whereas $20.60/20.80/21.00 could act as strong resistances. Breach below $20.10 could target $19.75 level now. Selling on rise is advisable. ENERGY: MCX Crude Oil has strong supports at Rs.6135/6100/6060 level whereas strong intraday resistance is placed at Rs.6195/6225/6270 level. As long as immediate resistance near Rs.6225 is capped on the upside, selling on rise is advisable. MCX Natural Gas continues to form lower highs and lower lows and is trading near Rs.233 level. Intraday resistances are at Rs.234.30/236.80/238.00 whereas Rs.229-227 could act as supports. Even though the major trend is down, expect pullback towards resistance zone for the day. BASE METAL: MCX Copper has breached strong resistance near Rs.433 level and closed well above the same. Strong intraday support is now placed at Rs.433/430.50 level whereas Rs.438/443 could act as a resistance zone. The bias looks positive above Rs.430.50 and sustained break of resistance at Rs.438 on closing basis would lead to further bullishness. MCX Nickel has strong support at Rs.1136/1127 followed by 1113 whereas strong intraday resistances are placed at Rs.1165/1177/1186 level. Buying on dips is advisable. However, breach of support at 1127 could nullify the view.
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  www.TheEquicom.com 09200009266 3 GOLD (5AUG.) SILVER (5 SEP.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 44600, 45000 SUPPORT : - 43800, 43400 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 28200, 28500 SUPPORT : - 27600, 27300 STRATEGY : - BUY ON DIPS
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  www.TheEquicom.com 09200009266 4 CRUDEOIL (19AUG.) NATURAL GAS (28 JULY) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 235.00, 240.00 SUPPORT : - 220.00, 215.00 STRATEGY : - SELL 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 : - 137.00, 138.00 SUPPORT : - 134.50, 133.50 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 : - 1165.00, 1175.00 SUPPORT : - 1140.00, 1125.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 120.50, 121.50 SUPPORT : - 118.50, 117.50 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 145.20, 146.30 SUPPORT : - 142.50, 141.50 STRATEGY : - BUY ON DIPS
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  www.TheEquicom.com 09200009266 7 GOLD 1307.13 SILVER20.698 COPPER 3.247 CRUDEOIL 101.94 PALLANDIUM 878.40 PLATINUM 1474.01 USDINR 60.1025 EURUSD 01.3428 USDJPY 101.832 USDCHF 00.9046 GBPUSD 01.6975 USDCAD 01.0815
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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.