Daily Market Reflection

29 th July 2016
Market Outlook

COMDEX

Precious metals showed bearish movement and in coming

session more bearishness can be seen. US rate hike was delay
by Federal Reserve and in the anticipation market made new
high but not able to hold and closed at lower levels. Crude oil is
continuously making new lows and showing bearish movement.
In coming session correction can be seen and selling from
higher levels can be profitable in crude oil.
Fundamental News
Gold rose on Thursday after the Federal Reserve stopped short
at
this week'sFactors
policy meeting of indicating that a further increase
Fundamental
in U.S. interest rates is on the cards for later this year.
Most of the base metals eased further at the non-ferrous metal
market today on persistent stockists selling amid low demand
from industrial users.
Crude oil prices will remain in the $45-$50-a-barrel range till
mid-2017, with little to change the global supply and demand
situation.

Important Data
Time

Currenc
y

Event

6:00pm

CAD

GDP m/m

6:00pm

USD

Advance GDP q/q

Foreca
st

Previou
s

-0.5%

0.1%

2.6%

1.1%

1.9%

0.4%

0.6%

0.6%

6:00pm

USD

Advance GDP Price

Index q/q
Employment Cost
Index q/q

7:15pm

USD

Chicago PMI

54.3

56.8

7:30pm

USD

Revised UoM
Consumer
Sentiment

90.2

89.5

6:00pm

USD

Market Updates
MCX
Date
27-07-16
GOLD
SILVER
COPPER

30986
47019
326.10

Date
28-0716
31031
47362
329.25

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

2772
107
120.25
715.30
147.75
194.20
Date
28-07-16
1340.35
20.197
41.12
2.211
67.3600

-2.08%
+0.52%
+0.12%
+3.07%
+1.51%
+7.41%
% Chg

GOLD
SILVER
CRUDE
COPPER
USDINR

2831
106.45
120.10
694
145.55
180.80
Date
27-07-16
1334.50
19.995
41.92
2.185
67.5125

$ INDEX

96.75

96.64

-0.11%

+0.15%
+0.73%
+0.97%

+0.44%
+1.01%
-1.91%
+1.19%
-0.23%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
28/0 NICKEL
7
Multibagger
Date Commodity Entry
Exit
28/0 COPPER
7
Trifid special
Date Commodity Entry
Exit
28/0 DHANIYA
8050
8250
7
For our next calls click here..

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P/L
-

P/L
20000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30900
1330

30700
1324

31100
1339

31300
1346

SILVER

Gold showed bearish movement in evening session and

drag down towards the support level of 30950. Now if it
will close below the important support level of 30850
then 30650 will act as next support level. On higher side
31300 will act as vital resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

47000
19.90

46500
19.70

47750
20.35

48200
20.60

Silver showed bearish movement after forming double

top pattern it slide towards the support level of 47100.
Now if it will break the resistance level of 47750 then
48250 will act as next resistance level. On lower side
47000 will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2740

2700

2800

2850

COMEX

40.80

40.50
50

41.40

41.80

COPPER

Crude oil showed bearish movement and also closed

below its important support level of 2780. Now if it will
sustain below 2750 then 2700 will be next support level.
On the other hand 2825 will act as important resistance
level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

328

325.85

331

333

COMEX

2.1875

2.1720

2.2145

2.2300

Copper showed sideways to bullish movement and correct

towards the resistance level of 331. Now if it will break the
support level of 328 then 325 will act as next support level.
On the other hand 331 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

106.50

104.50

107.60

108.50

3767

2271

Bearish

LEAD

119.50

117.20

121.50

123

11158

2032

Bearish

NICKEL

700

685

730

750

37369

6885

Bearish

ZINC

147

145

148.10

150.20

25100

4995

Bearish

NATURAL GAS

190

185

199

205

88346

10041

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
22/07/2016

25/07/2016

26/07/2016

27/07/2016

28/07/2016

ALUMINIUM

+14950

-5840

+4975

-6000

-5850

COPPER

-5657

-1375

-7625

+700

-5700

LEAD

+1575

+75

-125

-75

-25

NICKEL

-186

-1752

+6

+1038

-54

ZINC

-400

-125

-200

-1000

-1575

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Agri Commodity Updates

RMSEED
Rmseed showed sideways to bearish movement and
closed near to its support level of 4800. Now on
higher side 4860 will act as important resistance
level above which it will pull towards the resistance
level of 4900. On lower side some correction will
take it towards the support level of 4800.
PIVOTS

S1

S2

R1

R2

4800

4770

4860

4900

CARDAMOM
Cardamom showed sideways to bullish movement
and found resistance of 950. Now on higher side
950 will act as important resistance level above
which it will pull towards the resistance level of 970.
On lower side some correction drags it towards the
support level of 935.

PIVOTS

S1

S2

R1

R2

940

930

950

965

SOYABEAN
Soyabean showed sideways movement. Now on
lower side 3580 will act as important support level
below which it will drag down towards the support
level of 3500. On higher side some correction pulls
it towards the resistance level of 3660.

PIVOTS

S1

S2

R1

R2

3580

3530

3660

3700

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Intraday Super Star

(Premium Section)

CALL: SELL COPPER BELOW 328 TARGETS 325.50/323 SL 331.50.

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Multibagger Call
(Premium Section)

CALL: SELL LEAD BELOW 119.60 TARGETS 118.60/117.60 SL 121.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 30950 TARGETS 30850/30750 SL 31070.

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