Mcx daily report 7 may

Money Maker Research Pvt. Ltd.

www.moneymakerfinancial.com

An ISO 9001-2008 Company

Daily MCX News letter

07th May 2015

DAILY MCX News letter




PRECIOUS METALS:

Gold jun contract short term trend is bullish, made day high at 27054

and closed at Rs. 26911. Gold traded in green from last couple of days

for today we are expecting short selling from here onwards. Follow the

strategy sell on high. Keep eye on today’s upcoming data.

ENERGY

MCX Crude oil may contract is now in bullish trend yesterday crude oil

inventory is negative from as forecast, but crude oil prices felt down

from its resistance level 3990. For today’s trading session we are

expecting buy on dips. Crude oil closed at Rs.3882 and made day high at

3989. Expectation price may go upside.

BASE METALS

MCX Copper Jun short term trend is bullish, closed at Rs 414.95, Made

day low at 411.55. Copper price is traded in a range from last couple of

trading session; breakout will give the conformation of copper trend.

Follow the strategy buy on dips for today’s trading session.

MARKET WRAP




PIVOT POINT

GOLD

SUPPORT1: 26690

SUPPORT2: 26450

RESISTANCE1: 27060

RESISTANCE2: 27290

SILVER

SUPPORT1: 37250

SUPPORT2: 36600

RESISTANCE1: 38400 RESISTANCE2: 39050

CRUDE OIL

SUPPORT1: 3810

SUPPORT2:3765

RESISTANCE1: 3925

RESISTANCE2: 3975

COPPER SUPPORT1: 410

SUPPORT2: 407

RESISTANCE1: 418

RESISTANCE2: 422




CALL: SELL GOLD JUN BELOW 26850 TARGETS 26750, 26650 STOPLOSS

27050.

PICK OF THE DAY




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. Investment in Stocks has its own risks. 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. We,

however, do not vouch for the accuracy or the completeness thereof. This material

is for personal information and we are not responsible for any loss incurred based

upon it & takes no responsibility whatsoever for any financial profit s or loss which

may arise from the recommendations above. The stock price projections shown

are not necessarily indicative of future price performance. The information herein,

together with all estimates and forecasts, can change without notice. Money

Maker Research Pvt. Ltd. does not purport to be an invitation or an offer to buy or

sell any financial instrument. Analyst or any person related to Money Maker

Research Pvt. Ltd. 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.

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. Any surfing and reading of the information is

the acceptance of this disclaimer, All Right Reserved.

D I S C L A I M E R

Business

Mcx daily report 7 may