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Daily mcx newsletter 18 dec 2013
1. DAILY MCX NEWSLETTER
DEC.
18-DEC. -2013
THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED
www.TheEquicom.com 09200009266
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2. BULLION
BASE METAL
ENERGY
India Government drive to reduce gold
Copper surplus is expected to widen and
The inflation surge in November was caused
consumption to discourage gold imports,
outpace demand growth in 2014, according
by rise in prices across categories- fuel, food
reduce Current Account Deficit (CAD) also
to International Copper Study Group
articles, non-food articles and manufactured
caused increase in smuggling activity and
(ICSG).
products.
reduced gold jewellery exports.
ICSG pointed out that surplus is expected
"Momentum indicators suggest that while
Alarmed by the huge increase in gold imports
to grow from 387,000 tons this year to
inflation in primary articles is likely to
that cause foreign exchange outgo of $56.8 bn
632,000 tons in 2014.Global copper demand
moderate in the coming months, inflation in
in 2012-13, India government hiked import
is expected to increase by 4.5% in 2014 as
manufactured products could accelerate
duty on gold to 10% in different stages from a
economic recovery gains steam
further. Momentum in manufactured product
low rate of 2%.
internationally.
categories - food, textiles, basic metals, alloys
A variety of measures were taken by Finance
Refined copper production to rise 5.5% to
and metal products, shows an upward trend,
Ministry and Reserve Bank of India (RBI) to
22.1 mn tons next year on China production
partly reflecting the adverse impact of the
curb consumption of the yellow metal
gains. In 2013- it grew 3.9% to 20.9 mn tons.
weak rupee on imported inflation," according
including the introduction of the stipulation
Projects deferred during financial crisis will
to CRISIL Research.
that one fifth of the imported bullion had to
go onstream in 2014-15 increasing mine
With a weak rupee and rising fuel prices,
be exported in value added form.
output
margins of producers are under stress. The
The measures to discourage imports led to fall
World mine output to surge 11.4% to 18.6
extent of rising input costs being passed on to
in gold and silver import value to $25.5 bn in
mn tons in 2014.
consumers is likely to rise further, especially if
the first eight months of 2013-14 compared to
Copper witnessed some uptrend in LME
household consumption begins to improve,
$33.5 bn last fiscal. However, large number of
this week climbing to $7159 a ton on weak
following a normal monsoon, and a
smuggling incidents have been reported since
dollar, China demand for the metal
consequent increase in farm incomes. Given
May at various international airports in the
although the metal has fallen close to 10%
the rising inflation - both at the retail and
country.
year-to-date.It broke below $7,000 a tonne in
wholesale level, the RBI with inflation control
mid-November after holding in a $7,000-
as its prime objective, is set to hike the repo
$7,400 range since August.
rate once again later this week.
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3. BULLION
GOLD (5 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: -CONSOLIDATE
: - 29000, 29200
: - 28400, 28150
: - SELL ON HIGH
SILVER (5 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 45100, 45500
: - 44300, 44000
: - BUY ON DIPS HIGH
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4. ENERGY
CRUDEOIL (20 JAN.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 6100, 6140
: - 6000, 5960
: - SELL ON HIGH
NATURAL GAS (26 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: -CONSOLIDATE
: - 266.50, 270.50
: - 260.00, 256.00
: - BUY ON DIPS
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5. BASE METAL
COPPER (28 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: -462.50, 466.00
: - 455.00, 452.00
: - SELL ON HIGH
LEAD (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 134.00, 135.00
: - 131.50, 130.50
: - SELL ON HIGH
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6. ZINC (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 124.00, 125.00
: - 121.00, 119.50
: - SELL ON HIGH
ALUMINUM (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 110.00, 111.00
: - 108.80, 107.00
: - SELL ON HIGH
NICKEL (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 875.00, 880.00
: - 861.50, 856.00
: - BUY ON DIPS
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9. 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
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anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
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