Daily Market Reflection

24th October 2016

COMDEX

Market Outlook
Precious metals were trading higher on COMEX due to weaker
dollar; we expect prices to trade higher on the short term basis.
In base metal sector, most metals were trading lower except
lead. Copper was trading close to its lowest in a month this
week amid percolating concerns about China market. Aluminum
trimmed losses but was still set for its biggest weekly drop in at
least two months on worries about oversupply. Oil prices were
stable, weighed by a stronger dollar. We expect oil prices to
trade range bound for the day.

Fundamental News
Gold prices shuffled between gains and losses Friday, as
investors weighed the pressures of a stronger dollar against an
expected surge of demand from India.
Oil prices settled slightly higher on Friday to put up a fifth
straight weekly gain for U.S. crude, as bullish comments from
Russia contended with a resurgent dollar and a rising oil rig
count.
Important Data
Time

Currency

1:00pm

EUR

1:00pm

EUR

1:30pm

EUR

1:30pm
6.00pm
7:15pm

Event
German Flash
Manufacturing
PMI
German Flash
Services PMI
Flash
Manufacturing
PMI
Flash Services
PMI

Foreca
st

Previou
s

Market Updates
MCX
Date
20-10-16

GOLD
SILVER
CRUDE
COPPER
$ INDEX

29910
41996
311.40
3399
107.70
134.35
675.20
152.35
210.00
Date
20-10-16
1267.50
17.549
50.63
2.096
98.29

Date
21-1016
29946
41958
310.95
3402
108.65
133.35
666.60
150.75
201.50
Date
21-10-16
1267.05
17.538
50.98
2.090
98.62

USDINR

66.8325

6691.00

GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

% Chg
+0.12%
-0.09%
-0.14%
+0.09%
+0.88%
-0.74%
-1.27%
-1.05%
-4.05%
% Chg
-0.04%
-0.06%
+0.69%
-0.29%
+0.34%
+0.12%

54.3
50.9
52.6

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry Exit
P/L

21/1 NATURALGAS 207

201
0
Multibagger
52.2
EUR
Date Commodity Entry
Exit
COPPER
21/1
Wholesale Sales
0.3%
CAD
0
m/m
Trifid special
Flash
Date Commodity Entry
Exit
USD
Manufacturing
51.5
PMI
21/1 NICKEL
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| Toll Free: 1800-270-1410
0
For our next calls click here..

7500

P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

29800
1265

29600
1250

30100
1275

30300
1285

SILVER

Gold showed sideways movement and found the

important resistance level of 30070. Now if it will close
above the important resistance level of 30100 then
30400 will act as next resistance level. On lower side
29600 will act as vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41800
17.40

41500
17.00

42500
17.80

43000
18

Silver showed bearish movement and found the

important support level of 41820. Now if it will maintain
below its support level of 41800 then 41500 will act as
next support level. On the other hand 42500 will act as
important resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3380

3350

3470

3500

COMEX

50.40

50.00

51.70

52.30

COPPER

Crude showed sideways movement and found the

important support level of 3375. Now if price breaches
the key support level of 3380 then 3350 will act as next
support level. On the other hand 3465 will act as
important resistance level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

309.50

307

317

320

COMEX

2.0750

2.0525

2.1010

2.1160

Copper showed bearish movement and found the

important support of 310 level. Now if it will break the
support level of 309.50 then 307 will act as next support
level. On the other hand 317 will act as a major
resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

107.60

106

109.20

110.20

5359

2108

Bullish

LEAD

132.60

131

135.20

136.60

17237

3331

Bearish

NICKEL

660

642

675

690

25040

18173

Bearish

ZINC

149

147.30

152.30

154

20217

5835

Bearish

NATURAL GAS

197

192

206

210

60952

7875

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO18/10/2016
LME DATA TODAY
COMMODITIES
17/10/2016

19/10/2016

20/10/2016

21/10/2016

ALUMINIUM

-6226

+2548

+24751

+36802

+18351

COPPER

-3274

+2201

+2624

-2049

-1801

LEAD

-151

+601

+601

-677

-676

NICKEL

+1768

-1195

-8

+1549

+580

ZINC

-248

+102

-277

-374

-174

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Agri Commodity Updates

RMSEED
Rmseed showed bearish movement and found the
important support of 4544. Now if it will break the
support level of 4533 then 4500 will act as next
support level. On the other hand 4590 will act as a
major resistance level.

PIVOTS

S1

S2

R1

R2

4533

4500

4575

4600

JEERAUNJHA
Jeeraunjha showed bullish movement and found its
resistance level of 16950. Now on higher side
17000 will act as important resistance level above
which it will pull towards the resistance level of
17230. On lower side bearish movement drags it
towards the support level of 16500.

PIVOTS

S1

S2

R1

R2

16430

16100

17000

17250

SYBEANIDR
Sybeanidr showed bearish movement and found the
important support of 3118. Now if it will break the
support level of 3100 then 3070 will act as next
support level. On the other hand 3185 will act as a
major resistance level.

PIVOTS

S1

S2

R1

R2

3100

3070

3152

3200

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Intraday Super Star

(Premium Section)

CALL: SELL NATURAL GAS BELOW 201 TARGETS 198/195 SL 205

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 309.50 TARGETS 306.50/303.50 SL 313.50

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Trifid Special
(Premium Section)

CALL: SELL NICKEL BELOW 672 TARGETS 662/652 SL 686

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