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DAILY MCX NEWSLETTER
OCT.
18-OCT. -2013

THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED
www.TheEquicom.com 09200009266

www.TheEquicom.com +919200009266
BULLION

BASE METAL

According to HSBC, since the government’s

India copper futures was seen trading

closure, key economic indicators have not been

negative on Thursday amid weak

released and so far it’s unclear when the data

international cues. The base metal is

might be released.

expected to trade further down during intra-

“FOMC meeting result may be bullish for gold.

day trade.

Here the odds are high that the central bank

Intra-day support for copper November

will stand aside once again, if for no other

delivery on India's Multi Commodity

reason than to make sure that it does

Exchange (MCX) is seen at 445, 441 and 435

administer yet another needless shock to the

levels while resistance is seen at 456.

system,” said Edward Meir, commodities

Traders may sell around 446 with the stop

consultant at INTL FCStone.

loss of 450 for the target of 441.

“The few economic indicators that have been

Earlier, in the global market, copper futures

released are weaker and there is talk that the

recorded an up-tick and jumped a two week

Fed may not do anything in the fourth quarter

high after US law makers passed an accord

at all and perhaps wait until the first half of

on the US debt. Copper for delivery in three

2014 before making any kind of move,” he

months on the London Metal Exchange (LME)

added.

rose by 0.6% to $7,300 per ton, the highest

That would support gold prices, but Meir added

since October 3 this morning.

that gold must overcome other headwinds,
such as sluggish investment and physical
demand.

www.TheEquicom.com +919200009266

ENERGY

Technically, support for MCX crude oil October
delivery is seen at 6050 and 6000 levels while
resistance is seen at 6190 and 6250 levels.
Traders are advised to sell around 6120 with
the stop loss of 6250 for the target of 6050,
according to Amit Nagar, Research Analyst at
The Equicom. MCX crude oil is expected to
witness buying sentiments in the evening
session as US Budget and Debt deadlock
temporarily resolved.
Quarter-on-quarter, the quantity bought in the
retail industry increased by 1.5%. This is the
largest quarter-on-quarter rise since March
2008 when the economy as a whole was at its
peak, before the economic downturn.
BULLION
GOLD (5 DEC.)

OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: -CONSOLIDATE
: - 29675, 29800
: - 28320, 28000
: - SELL ON HIGHS

SILVER (5 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

www.TheEquicom.com +919200009266

: - CONSOLIDATE
: - 48400, 48850
: - 47540, 47050
: - SELL ON HIGHS
ENERGY
CRUDEOIL (21 OCT.)

OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 6190, 6260
: - 6060, 6000
: - SELL ON HIGHS

NATURAL GAS (28 OCT.)

OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

www.TheEquicom.com +919200009266

: - CONSOLIDATE
: - 232.00, 237.00
: - 228.00, 225.00
: - SELL ON HIGHS
BASE METAL

COPPER (29 NOV.)

OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: -452.00, 456.00
: - 445.00, 441.00
: - SELL ON HIGHS

LEAD (31 OCT.)

OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

www.TheEquicom.com +919200009266

: - CONSOLIDATE
: - 132.25, 133.60
: - 130.65, 129.80
: - SELL ON HIGHS
ZINC (31 OCT.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 116.70, 117.35
: - 115.30, 113.90
: - SELL ON HIGHS

ALUMINUM (31 OCT.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

: - CONSOLIDATE
: - 111.90, 112.70
: - 110.00, 109.00
: - SELL ON HIGHS

NICKEL (31 OCT.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY

www.TheEquicom.com +919200009266

: - CONSOLIDATE
: - 870.00, 890.00
: - 843.00, 830.00
: - SELL ON HIGHS
GOLD
SILVER
COPPER
CRUDE OIL
NATURAL GAS
PALLADIUM
PLATINUM

1316.41
21.774
03.301
100.75
03.756
733.50
1431.00

www.TheEquicom.com +919200009266

USDINR
EURUSD
USDJPY
USDCHF
GBPUSD
USDCAD

61.1300
01.3663
98.1100
00.9034
01.6144
01.0295
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. 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 +919200009266

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Daily mcx newsletter 18 oct 2013

  • 1. DAILY MCX NEWSLETTER OCT. 18-OCT. -2013 THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED www.TheEquicom.com 09200009266 www.TheEquicom.com +919200009266
  • 2. BULLION BASE METAL According to HSBC, since the government’s India copper futures was seen trading closure, key economic indicators have not been negative on Thursday amid weak released and so far it’s unclear when the data international cues. The base metal is might be released. expected to trade further down during intra- “FOMC meeting result may be bullish for gold. day trade. Here the odds are high that the central bank Intra-day support for copper November will stand aside once again, if for no other delivery on India's Multi Commodity reason than to make sure that it does Exchange (MCX) is seen at 445, 441 and 435 administer yet another needless shock to the levels while resistance is seen at 456. system,” said Edward Meir, commodities Traders may sell around 446 with the stop consultant at INTL FCStone. loss of 450 for the target of 441. “The few economic indicators that have been Earlier, in the global market, copper futures released are weaker and there is talk that the recorded an up-tick and jumped a two week Fed may not do anything in the fourth quarter high after US law makers passed an accord at all and perhaps wait until the first half of on the US debt. Copper for delivery in three 2014 before making any kind of move,” he months on the London Metal Exchange (LME) added. rose by 0.6% to $7,300 per ton, the highest That would support gold prices, but Meir added since October 3 this morning. that gold must overcome other headwinds, such as sluggish investment and physical demand. www.TheEquicom.com +919200009266 ENERGY Technically, support for MCX crude oil October delivery is seen at 6050 and 6000 levels while resistance is seen at 6190 and 6250 levels. Traders are advised to sell around 6120 with the stop loss of 6250 for the target of 6050, according to Amit Nagar, Research Analyst at The Equicom. MCX crude oil is expected to witness buying sentiments in the evening session as US Budget and Debt deadlock temporarily resolved. Quarter-on-quarter, the quantity bought in the retail industry increased by 1.5%. This is the largest quarter-on-quarter rise since March 2008 when the economy as a whole was at its peak, before the economic downturn.
  • 3. BULLION GOLD (5 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 29675, 29800 : - 28320, 28000 : - SELL ON HIGHS SILVER (5 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY www.TheEquicom.com +919200009266 : - CONSOLIDATE : - 48400, 48850 : - 47540, 47050 : - SELL ON HIGHS
  • 4. ENERGY CRUDEOIL (21 OCT.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6190, 6260 : - 6060, 6000 : - SELL ON HIGHS NATURAL GAS (28 OCT.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY www.TheEquicom.com +919200009266 : - CONSOLIDATE : - 232.00, 237.00 : - 228.00, 225.00 : - SELL ON HIGHS
  • 5. BASE METAL COPPER (29 NOV.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -452.00, 456.00 : - 445.00, 441.00 : - SELL ON HIGHS LEAD (31 OCT.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY www.TheEquicom.com +919200009266 : - CONSOLIDATE : - 132.25, 133.60 : - 130.65, 129.80 : - SELL ON HIGHS
  • 6. ZINC (31 OCT.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 116.70, 117.35 : - 115.30, 113.90 : - SELL ON HIGHS ALUMINUM (31 OCT.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 111.90, 112.70 : - 110.00, 109.00 : - SELL ON HIGHS NICKEL (31 OCT.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY www.TheEquicom.com +919200009266 : - CONSOLIDATE : - 870.00, 890.00 : - 843.00, 830.00 : - SELL ON HIGHS
  • 7. GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM 1316.41 21.774 03.301 100.75 03.756 733.50 1431.00 www.TheEquicom.com +919200009266 USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD 61.1300 01.3663 98.1100 00.9034 01.6144 01.0295
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