DAILY MCX NEWSLETTER

12-NOV. -2013

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

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BULLION

BASE METAL

ENERGY

Sharp fall in gold imports due to restrictions imposed by the Reserve Bank of India and Finance Ministry, weak capital and consumption goods imports, due to subdued domestic demand will help lower tarde deficit in 2013-14, according to CRISIL Research. According to P Chidambaram, India;s Finance Minister, India's gold imports have fallen sharply from 162 tons in May to 3.38 tons in August, 11.16 tons in September before moving higher to 23.5 tons in October on seasonalfestival demand.Meanwhile, gold smuggling has intensified at various airports due to rise in import duty to 10% for bullion and 15% for gold jewellery. India's current account deficit (CAD)is expected to fall below $60 bn on fall in gold imports and buoyancy seen in exports, according to the Finance Minister.

India copper futures edged up on Monday and was seen trading on a positive bias. Firm China data released on Saturday and firm US data released last week may have supported the base metal to certain extent. Copper futures for November delivery on India's Multi Commodity Exchange was seen trading with a gain of 0.48% at Rs.459.20 per kilogram as of 14.57 IST on Monday. MCX copper for November delivery is expected to trade with a bullish bias on Monday and intra intra-day traders may buy at lower levels. Weakness in Indian Rupee may have supported the base metal futures to certain extent on Monday. Indian Rupee was seen touching 63.32 against US Dollar, a depreciation of 0.05% as of 15.16 IST on Monday. China industrial production increased 10.3 percent in October, year year-on-year basis National Bureau of Statistics of China said on Saturday. Inflation was at 3.2%. Retail sales increased 13.3 percent from a year earlier and producer prices declined 1.5 percent.

India crude oil rose slightly on Monday amid mixed global cues. The commodity is expected to witness further recovery in the near term and is expected to trade in a narrow range during intra-day intra trade as major markets will remain closed for the day. Crude oil for November delivery on Multi Commodity Exchange (MCX) was seen trading with a gain of 0.23% at Rs.6007 per barrel as of 16.04 IST on Monday. Support for MCX crude oil November delivery is seen at 5940 40 and 5880 levels while resistance is seen at 6050 and 6110 levels, according to our analyst at Commodity Online. India crude oil imports during October, 2013 valued at US $ 15217.6 mn which was 1.7 percent higher than oil imports valued at US $ 14957.7 mn in the corresponding period last year, according to the data released by the Ministry of Commerce and Industry on Monday. Crude oil imports during April-October, April 201314 were valued at US $ 98093.7 mn which was 3.3 percent higher than the oil imports of US $ 94969.2 mn during the same period last year.

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BULLION
GOLD (5 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE CONSOLIDATE : - 30 0500, 30750 : - 30000, 300 29750 : - BUY ON DIPS

SILVER (5 DEC.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 48800 00, 49150 : - 47900 900, 47300 : - BUY ON DIPS HIGH

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ENERGY
CRUDEOIL ( (19 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6100, 6150 : - 5940, 5880 : - BUY ON DIPS

NATURAL GAS (2 (25 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 230 30.00, 234.00 : - 222 22.50, 219.00 : - BUY ON DIPS

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BASE METAL

COPPER ( (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -462.50 0, 465.00 : - 456.50 0, 452.50 : - BUY ON DIPS

LEAD ( (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 136 6.00, 137.00 : - 133 3.50, 132.00 : - BUY ON DIPS

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ZINC ( (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 120.50, , 121.50 : - 118.50, , 117.50 : - BUY ON DIPS

ALUMINUM ( (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 114.50, 1 115.50 : - 111.50, 1 110.50 : - BUY ON DIPS

NICKEL ( (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 886.00, 8 890.00 : - 872.50, 8 864.50 : - BUY ON DIPS

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GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1278.74 21.109 03.247 94.80 03.572 2 738.80 0 1424.50 0

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

63.7525 01.3398 99.5400 00.9202 01.5985 01.0481

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