Professional Documents
Culture Documents
WWW.EPICRESEARCH.CO
+91 9752199966
HEADLINES
Gold demand moderate as prices soften.
Gold demand in India, the world's biggest consumer of the metal, was moderate on Friday as the correction in prices lured some jewellers, but some investors were on the sidelines hoping for a sharp drop in future. As of 1206 GMT, the most active gold contract for April delivery on India's Multi Commodity Exchange (MCX) was 0.69 percent lower at 29,537 rupees per 10 grams. The contract hit a seven-month low of 29,263 rupees. At this point of time people are thinking there can be more lows so they are waiting for a correction," said Mohit Kamboj, president of the Bombay Bullion Association. The rupee, which plays an important role in determining the landed cost of the dollar-quoted yellow metal rose.
TRADING TIP:
Sell Crude Oil Mar Around 5100 TGTS-5070/5030 SL-5130 Sell Copper Feb Around 426 TGTS-423/419 SL- 429
Base metals under pressure, gravity-defying prices come back to Earth. Base metals were unsettled in premarket, moving into a sideways-to-lower pattern after an slight recovery during Asian trading earlier this morning. It has been a massive down week and we have seen a small reaction to that today, a trader said. This is to be expected preweekend after a sell-off. This isnt a correction. [Metal] prices have been defying gravity of late and we are now seeing some realism come back into markets.
WWW.EPICRESEARCH.CO
People will be selling rallies rather than buying dips, +91 9752199966 the trader added. Unless something rises to the rescue for commodities we will see sideways to selling into
PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
4560 5120
4532 5018 1178 14800 1041 -0.10 42435 0.10 781.3 4315 0.70 4540 0.40 1282 0.30
-0.61 -1.99 -0.46 -1.68 -0.76 5047.00 0.11 918.60 -0.2 0.28 53702.00 -2.66 29605.00 2.89 125.10
Symbol
Expiry Date
PCP
% Change
LTP
KAPAS
Crude Oil PEPPER 7/19/2012 Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012
19-Mar-13 42300 42555 28-Feb-13 780.5 783.6 4309 5-Mar-13 4330 4600 4676 5-Apr-13 1251 28-Feb-13 1282
5069.00 42250 42390 917.50 777.4 782.85 4265.5 53304.00 4303 4518 4664 29487.00 1251 124.75 1246
Zinc
28-Feb-13
112.30
0.30
112.60
Copper
28-Feb-13
423.55
0.01
423.75
Aluminium
28-Feb-13
109.20
0.10
109.30
WWW.EPICRESEARCH.CO
+919752199966
ANALYSIS
OPEN: 29560 HIGH: 29623 LOW: 29548 CLOSE: 29605
ANALYSIS
OPEN: 53428 HIGH: 53735 LOW: 53428 CLOSE: 53702
www.epicresearch.co
9752199966
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. 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.