Daily mcx newsletter 09 oct 2013

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Text of Daily mcx newsletter 09 oct 2013

  • 1. www.TheEquicom.com +919200009266 THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED www.TheEquicom.com 09200009266 00009999----OCTOCTOCTOCT.... ----2013201320132013 DAILY MCX NEWSLETTER

2. www.TheEquicom.com +919200009266 BULLION US gold held gains on Tuesday morning after US Govt shutdown entered for a second week. The commodity was supported by weak US Dollar index and hopes that US Central Bank may continue with its monetary stimulus amid gloomy economic outlook on US. Chinese markets have reopened on Tuesday after a week long National Day holiday and are expected to support the yellow metal movement in the global market. Good physical demand from Asia was noted on Tuesday after China returned from its week long holidays. Upcoming India's festive and wedding season demand is expected to support the yellow metal prices to certain extent in the global market. ENERGY US crude oil futures rose from a four day low amid concerns over partial shutdown of the US government and higher than expected crude oil stock-piles. WTI crude oil for November delivery on NYMEX was seen trading with the gain of 80 cents at $103.83 per barrel as of 16.28 IST on Tuesday. Technically, the trend in crude oil futures for October delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish for the day and traders are advised to take buy position. Intra-day support for the commodity is seen at 6350 while resistance is seen at 6470. If prices break the level of 6470, then further upside is expected till 6530. BASE METAL India lead futures edged up on Tuesday on short covering amid depreciation of Indian Rupee (INR) against US Dollar (USD). The commodity is expected to trade with a positive bias during intra-day trade. Chinese service sector recorded a decline in September. HSBC China Services Purchasing Managers' Index fell to 52.4 from 52.8 recorded in August, according to the data released on Tuesday. 3. www.TheEquicom.com +919200009266 GOLD (5 DEC.) SILVER (5 DEC.) OUTLOOK: TREND : -CONSOLIDATE RESISTANCE : - 29890, 30160 SUPPORT : - 29200, 28900 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 50300, 50800 SUPPORT : - 49500, 49020 STRATEGY : - SELL ON HIGHS BULLION 4. www.TheEquicom.com +919200009266 CRUDEOIL (21 OCT.) NATURAL GAS (28 OCT.) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6480, 6550 SUPPORT : - 6400, 6290 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 235.00, 238.00 SUPPORT : - 225.00, 222.70 STRATEGY : - BUY ON DIPS 5. www.TheEquicom.com +919200009266 COPPER (29 NOV.) LEAD (31 OCT.) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : -459.50, 462.00 SUPPORT : - 450.00, 444.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 129.80, 130.50 SUPPORT : - 128.70, 127.00 STRATEGY : - SELL ON HIGHS 6. www.TheEquicom.com +919200009266 ZINC (31 OCT.) ALUMINUM (31 OCT.) NICKEL (31 OCT.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 117.05, 118.00 SUPPORT : - 115.40, 114.40 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 114.80, 115.60 SUPPORT : - 113.00, 112.00 STRATEGY : - SELL ON HIGHS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 870.00, 890.00 SUPPORT : - 850.00, 835.00 STRATEGY : - SELL ON HIGHS 7. www.TheEquicom.com +919200009266 GOLD 1316.51 SILVER 22.210 COPPER 03.267 CRUDE OIL 103.48 NATURAL GAS 03.717 PALLADIUM 707.50 PLATINUM 1396.50 USDINR 61.9400 EURUSD 01.3570 USDJPY 97.1700 USDCHF 00.9055 GBPUSD 01.6067 USDCAD 01.0372 8. www.TheEquicom.com +919200009266 9. www.TheEquicom.com +919200009266 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 & 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. 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