www.TheEquicom.

com 0731-6770000

DAILY MCX NEWSLETTER

26 - FEB.-2014

www.TheEquicom.com 0731-6770000 1

BULLION:
Silver may witness moderate gains in first half of 2014 as US Fed tapering and slowdown in China will impact market sentiments in the precious industrial metal, according to Nirmal Bang Commodities & FX Year Book 2014. Silver prices have fallen sharply from $32/ounce to $18.50/ounce, a correction of more than 40% in a year. Silver has higher beta than gold, thus in line with correction in gold, silver too crashed in 2013. The major fundamental reasons for correction in silver were massive surplus, diminishing demand prospects and correction in gold prices. Silver market is in a major surplus since the start of 2012 and it continues to surge. Surplus in silver has been growing at a rapid pace since the start of 2012. The total cash cost of silver mines is expected to be around $9/ounce. But since only 23% total silver production comes from direct silver mine, its unimportant.

BASE METAL:
LME Inventory data: Nickel stocks the lone gainer. Aluminium, Copper and Zinc stocks recorded a decline by 6575, 3325, 4800 tons respectively. Nickel stocks at London Metal Exchange (LME) rose by 306 tons to 268458 tons. While there was no changes in inventories of Lead at LME on Tuesday. Aluminium, Copper and Zinc stocks recorded a decline by 6575, 3325, 4800 tons respectively.

ENERGY:
Crude oil for active April contract at NYMEX was trading on a weaker note as per the latest update with the commodity losing near 1% to $101.8 per barrel. In Indian markets we feel traders lost 1.2% to Rs 6325 per barrel with moderately higher losses coming in India led by Rupee depreciation locally. Overall we had a selling view in the morning on cues that the winter outlook in the US was seeing a moderate downtick if we follow the update from the countrys Climate Prediction Centre. Also the backwardation for the commodity reduced down to near 75 cents lately as against a Dollar in the last week and suggesting that high near term demand for the commodity was slowly receding.

www.TheEquicom.com 0731-6770000 2

BULLION

GOLD (5 MAR.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - BULLISH : - 30350, 30500 : - 30100, 29900 : - BUY ON DIPS

SILVER (5 MAR.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - BULLISH : - 48000, 48350 : - 47500, 47300 : - BUY ON DIPS

www.TheEquicom.com 0731-6770000 3

ENERGY

CRUDEOIL (19 MAR.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6350, 6400 : - 6300, 6250 : - BUY ON DIPS

NATURAL GAS (25 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 310.00, 320.00 : - 290.00, 280.00 : - SELL ON HIGH

www.TheEquicom.com 0731-6770000 4

BASE METAL

COPPER (28 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 446.00, 448.00 : - 442.00, 440.00 : - SELL ON HIGH

LEAD (28 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 131.00, 132.00 : - 129.50, 128.50 : - SELL ON HIGH

www.TheEquicom.com 0731-6770000 5

ZINC (28 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 128.50, 129.50 : - 127.00, 126.00 : - SELL ON HIGH

ALUMINUM (28 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 108.00, 109.00 : - 106.00, 104.60 : - SELL ON HIGH

NICKEL (28 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 895.00, 910.00 : - 870.00, 855.00 : - SELL ON HIGH

www.TheEquicom.com 0731-6770000 6

GOLD SILVER COPPER CRUDEOIL PALLANDIUM PLATINUM

1340.64 21.881 3.257 101.78 734.40 1436.40

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

62.2175 01.3740 102.311 00.8873 01.6675 01.1094

www.TheEquicom.com 0731-6770000 7

www.TheEquicom.com 0731-6770000 8

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 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.

www.TheEquicom.com 0731-6770000 9