Epic Research adopts multiple ways to analyze the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you trading signals and advice to meet your individual trading needs.

1. DAILY COMMODITY REPORT
24th FEBRUARY
Our Presence
Epic Research India
Toll Free Number
Mintara Road, Tarneit, Victoria. Post Code 3029
1-800-200-9454
Phone.: +61 422 063855
411 Milinda Manor (Suites 409- 417)
HNI & NRI Sales Contact Australia
All queries should be directed to
2 RNT Marg. Opp Cental Mall
Indore (M.P.)
Info@epicresearch.co
Hotline: +91 731 664 2300
Alternate: +91 731 664 2320
Or give us a missed call at
026 5309 0639
YOUR MINTVISORY
HNI & NRI Sales Contact USA
2117 Arbor Vista Dr. Charlotte (NC)
Cell: +1 704 249 2315
Call us at +91-731-6642300

2. DAILY MARKET WRAPUP
24th FEBRUARY
COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
29865
29970
29772
29889
-0.08
11480
SILVER
05-MAR-14
47380
47683
47250
47467
-0.24
9415
CRUDEOIL
19-MAR-14
6393
6411
6328
6359
-0.95
10489
COPPER
28-FEB-14
449.25
450.65
448
450.1
+0.06
7668
LEAD
28-FEB-14
132.4
133.1
131.9
132.15
-0.11
3150
NICKEL
28-FEB-14
892.1
897.9
888.1
888.5
-0.08
5414
NATURALGAS
25-FEB-14
385.6
392
365
378
-3.11
15175
ZINC
28-FEB-14
127.6
128.25
126.9
127.05
-0.39
2815
ALUMINIUM
28-FEB-14
107.85
108.35
107.3
107.4
-0.28
2559
LME WAREHOUSE STOCKS (21-FEB- 2014)
METAL
ALUMINIUM
-7050
COPPER
-4250
LEAD
75
NICKEL
-504
TIN
UNCHANGED
ZINC
YOUR MINTVISORY
TONNES IN STORAGE
-4975
Call us at +91-731-6642300

3. INTERNATIONAL MARKETS
24th FEBRUARY
PRECIOUS AND INDUSTRY METALS
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,321.30
-2.30
-0.17%
APR 14
GOLD SPOT
USD/T OZ.
1,321.07
-3.18
-0.24%
N/A
COMEX SILVER
USD/T OZ.
21.65
-0.17
-0.78%
MAY 14
COMEX COPPER
USD/LB.
321.75
-4.25
-1.30%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,422.56
-6.57
-0.46%
N/A
ENERGY COMMODITY FUTURES
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
102.43
+0.23
+0.23%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
110.03
+0.18
+0.16%
APR 14
RBOB GASOLINE
USD/GAL.
284.53
+1.20
+0.42%
MAR 14
NYMEX NATURAL GAS
USD/MMBTU
6.40
+0.27
+4.35%
MAR 14
NYMEX HEATING OIL
USD/GAL.
311.89
+1.97
+0.64%
MAR 14
YOUR MINTVISORY
Call us at +91-731-6642300

4. INTRADAY SUPPORT AND RESISTANCE
24th FEBRUARY
COMMODITY
EXPIRY
SUP.2
SUP.1
PIVOT
RES.1
RES.2
ALUMINIUM
28-FEB
106.63
107.02
107.68
108.07
108.73
COPPER
28-FEB
446.93
448.52
449.58
451.17
452.23
CRUDEOIL
19-MAR
6283
6321
6366
6404
6449
GOLD
5-APR
29679
29784
29877
29982
30075
LEAD
28-FEB
131.18
131.67
132.38
132.87
133.58
NATURALGAS
26-MAR
296.80
301.80
306.10
311.10
315.40
NICKEL
28-FEB
881.7
885.1
891.5
894.9
901.3
SILVER
5-MAR
47034
47250
47467
47683
47900
ZINC
28-FEB
126.05
126.55
127.40
127.90
128.75
YOUR MINTVISORY
Call us at +91-731-6642300

5. MOST ACTIVE CONTRACTS
24th FEBRUARY
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
25-02-2014
374.20
4,80,36,802.40
1,28,372
SILVERMICRO
28-02-2014
47390.00
2,45,19,58,600.00
51,740
CRUDE OIL
19-03-2014
6353.00
24,59,88,160.00
38,720
SILVER M
28-02-2014
47389.00
1,29,30,56,254.00
27,286
SILVER
05-03-2014
47370.00
67,12,32,900.00
14,170
LEADMINI
28-02-2014
132.15
16,97,863.20
12,848
COPPER
28-02-2014
450.00
56,70,450.00
12,601
NICKEL
28-02-2014
890.20
1,10,18,005.40
12,377
NICKELMINI
28-02-2014
890.00
1,07,65,440.00
12,096
GOLD M
05-03-2014
30618.00
34,89,22,728.00
11,396
YOUR MINTVISORY
Call us at +91-731-6642300

6. TODAY,S COMMODITY NEWS
24th FEBRUARY
COMMODITY HEADLINES
Silver futures down 0.3% on global cues
Gold down 0.4% on weak global cues
Silver down 0.8% on global cues
Copper down marginally on subdued demand
Copper down 0.4% on global cues
Lead down 0.3% on subdued spot demand, overseas trend
NAFED procuring oilseeds and pulse crop ruling below MSP
Coriander declines 1.14% on sluggish demand
Chana sheds 0.4% on weak demand
Crude oil up 0.5% on overseas cues
Oil holds above $100 on strong China lending data
Crude oil down 0.2% on Asian cues
Cotton exports pick up on rupee stability
Karnataka gets unified platform for commodity trade
Mentha oil rise 0.2% on pick-up in demand
YOUR MINTVISORY
Call us at +91-731-6642300

7. COMMODITY BUZZ AND ECONOMIC EVENTS
24th FEBRUARY
SPECIAL NEWS
US soybean stocks are to near-double to their highest in
eight years, with corn inventories seen hitting their highest
in a decade, officials said in their first full crop estimates for
next season. Soybean inventories in the US, which spars
with Brazil as the top grower of the oilseed, will end 201415 at 285m bushels, as even record exports of 1.6bn bushels, up 6.0% year on year, prove unable to erode supplies
lifted by a harvest seen hitting a record high.
Corn's global trade over the next decade is expected to increase by 30% while soybean global trade is expected to expand by almost 40%, said chief economist for the USDA.
He added that he expected to see a 15% increase in global
trade of wheat during the same time period. In his prepared
comments at the Feb. 20-21 USDA Agricultural Outlook
Forum, the U.S. could expect robust export competition
from Brazil in soybeans and corn and the Black Sea Region
in wheat and corn.
India's gold demand remained buoyant in 2013 and rose by
13 % to 975 tonne vs 2012, despite govt putting in several
restrictions to curb imports. Gold demand in the country
was 864 tonnes during 2012. China became the largest gold
market in the world for the first time in 2013, noted the
WGC. Demand for gold in China set a remarkable new record of 1,066 tonnes, a rise of 32% year on year.
YOUR MINTVISORY
COMMODITY BUZZ
The Gems and Jewellery Export Promotion Council has demanded the government to reduce import duty on gold from
the existing 10 per cent to two per cent. The council comes
under the ministry of commerce. In a memorandum to the
ministries of commerce and finance, GJEPC said the government, with duty hike on gold imports, had managed to bring
the current account deficit under control. “Since the imposition of 80:20 scheme (under which 20 per cent of imported
gold should be supplied to jewellery exporters), the desired
curb in the total import of gold has now been duly achieved.
So the import duty should be rolled back to much lower rate,
say two per cent,” said Vipul Shah, chairman of GJEPC.
FMC and NCDEX is planning to apply for approval of the relaunch of futures trading in tur, urad and rice. This comes in
the wake of the FMC chairman Ramesh Abhishek stating in
Panji on Thursday that the regulator is considering favorably
to bring back futures trading in tur, urad and rice shortly.
Oil prices fell in Asian trade after a closely-watched index
showed that China's key manufacturing sector contracted further in February to hit its lowest level in seven months. US
benchmark WTI for March dropped 17 cents to $103.14 in late
morning trade, while Brent North Sea crude eased 56 cents to
$109.91 for its April delivery.
Call us at +91-731-6642300

8. EPIC RESEARCH– ANALYST SPEAKS
24th FEBRUARY
SILVER
MCX
ver
Sil-
March Silver opened week at 47, 492 levels and made weekly low of 46,932 levels and high of 48,090 levels and manage to close near
to the same opening levels. For the next week we expect silver prices to find support around 46,850 levels. Trading consistently below
46,850 levels would lead towards the strong support 46,000 levels. On the other side Resistance is now observed around 48,200 levels.
Trading consistently above 48,200 levels would lead towards the strong resistance at 49,200 levels, and then finally towards the Major
resistance at 50,000 levels.
BUY SILVER ABOVE 47700 TGTS 47900/48200 SL 47350
SELL SILVER BELOW 47250 TGTS 47000/46650 SL 47600
YOUR MINTVISORY
Call us at +91-731-6642300

9. EPIC RESEARCH– ANALYST SPEAKS
24th FEBRUARY
GOLD
MCX Gold April as seen in the weekly chart prices rallied sharply breaking both the resistance levels towards 30,260 levels, but
could not sustain corrected back towards 29,900 levels. For the next week we expect gold prices to find support around 29,300 levels.
Trading consistently below 29,300 levels would lead towards the strong support at 29,050 levels and then finally towards the major
support at 28,800 levels. On the other side Resistance is now observed around 30,500 levels. Trading consistently above 30,500 levels
would lead towards the strong resistance at 31,000 levels, and then finally towards the Major resistance at 31,500 levels.
BUY GOLD(APR) ABOVE 29980 TGTS 30060/30200 SL 29860
SELL GOLD(APR) BELOW 29790 TGTS 29710/29610 SL 29910
YOUR MINTVISORY
Call us at +91-731-6642300

10. EPIC RESEARCH– ANALYST SPEAKS
24th FEBRUARY
GUARGUM
RESISTANCE 2
13,550
RESISTANCE 1
13,400
PIVOT
13,290
SUPPORT 1
13,140
SUPPORT 2
13,030
March Guargum traded standstill in NCDEX the whole day and closed weak. A day before Guargum remained choppy on
Spot market too.
BUY GUARGUM ABOVE 13350 TGTS 13410,13480 SL 13250
SELL GUARFUM BELOW 13180 TGTS 13120,13050 SL 13280
YOUR MINTVISORY
Call us at +91-731-6642300

11. EPIC RESEARCH– ANALYST SPEAKS
24th FEBRUARY
DHANIYA
RESISTANCE 2
9470.7
RESISTANCE 1
9329.3
PIVOT
9244.7
SUPPORT 1
9103.3
SUPPORT 2
9018.7
Coriander futures are likely to trade higher on forecast of lower output due to crop damage in Madhya Pradesh and Rajasthan. Sentiments may also improve due to good demand for the spice in India. However, rising supply of new crop in Kota and
Ramganj markets might cap major gains
BUY DHANIYA ABOVE 9230 TGTS 9260,9310 SL 9180
SELL DHANIYA BELOW 9140 TGTS 9170,9220 SL 9090
YOUR MINTVISORY
Call us at +91-731-6642300

12. TODAY’S ECONOMIC EVENTS
24th FEBRUARY
MONDAY, FEBRUARY 24
TIME
COUNTRY
EVENT
07:00
CNY
CHINA HOUSE PRICES (YOY)
9.60%
9.90%
07:30
NZD
CREDIT CARD SPENDING (YOY)
9.2%
4.7%
14:30
EUR
GERMAN BUSINESS EXPECTATIONS
108.2
108.9
14:30
EUR
GERMAN CURRENT ASSESSMENT
112.8
112.4
14:30
EUR
GERMAN IFO BUSINESS CLIMATE INDEX
110.6
110.6
TENTATIVE
EUR
SPANISH BUSINESS CONFIDENCE
-10
-11
15:30
EUR
CORE CPI (YOY)
0.8%
0.7%
15:30
EUR
CORE CPI (MOM)
15:30
EUR
CPI (YOY)
0.7%
0.7%
15:30
EUR
CPI (MOM)
-1.1%
0.3%
16:30
BRL
FGV CONSUMER CONFIDENCE
106.00
108.90
19:00
USD
CHICAGO FED NATIONAL ACTIVITY
-0.20
0.16
19:30
MXN
MEXICAN UNEMPLOYMENT RATE
4.83%
4.25%
19:30
USD
SERVICES PMI
56.9
56.7
21:00
USD
DALLAS FED MFG BUSINESS INDEX
3.0
3.8
YOUR MINTVISORY
ACTUAL FORECAST PREVIOUS
0.3%
Call us at +91-731-6642300

13. DISCLAIMER
24th FEBRUARY
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. Epic research recommends that investors independently evaluate particular investments and strategies, and
encourages investors to seek the advice of a financial adviser. Epic research 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 epic research 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 equity & bullion 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 epic research 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.
YOUR MINTVISORY
Call us at +91-731-6642300