DAILY MCX NEWSLETTER

28-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

India's jewellery retailing looks set to get a bunch of highly efficient sales force trained in sales and soft skills thanks to a new initiatie by the All India Gems and Jewellery Trade Federation (GJF),the national trade federation for gems and jewellery indsutry across India. The new initiative called Star Scheme is intended to benefit 10 lakh youth at a cost of Rs 1000 c. The initiative is being done in association with Gem and Jewellery Skill Council of India under the National SKill Certification and Reward Scheme. India has 400,000 retail outlets and has over 1.5 million individuals employed as Retail Sales Associates (RSAs).

The global nonferrous exploration budges have fallen 29% in 2013 at $15.2 bn compared to $21.5 bn in 2012, according to SNL-Metals Economics Group (SNL-MEG). SNL-MEG which released their Corporate Exploration Strategies (CES), said that exploration budges for Canada continued to decline, while increased emphasis was focused on Russia and the Democratic Republic of the Congo. Allocations to the top 10 countries accounted for almost two-thirds of the worldwide exploration budget total in 2013. The top nine countries are the same as in 2012, though there were a few shifts among the ranks Russia moved to No. 6 from No. 8, dropping Peru and China back to No. 7 and No. 8, respectively. The only other change was that the DRC replaced Argentina in the No. 10 spot; placing the African country among the top 10 exploration destinations for the first time.

US crude oil edged down for a fourth day on Wednesday after US crude oil inventories rose for a ninth week. Tracking a sideways trend on NYMEX crude oil futures. Meanwhile, India crude oil futures recorded a decline on fresh selling pressured by appreciation of Indian Rupee (INR) against US Dollar (USD). WTI crude oil for December delivery on NYMEX was seen trading with gain of 2 cents at $92.20 per barrel as of 09.32 IST on Thursday. Crude oil futures for December delivery on India's Multi Commodity Exchange (MCX) was seen trading with loss of 1.60% at Rs.5781 per barrel as of 23.55 IST on Wednesday. Intra-day support for MCX crude oil for December delivery is seen at 5840, 5805 and 5750 levels for near term while resistance is seen at 5875 and 5900 levels, according to Melbin Noble, Research Analyst at Commodity Online. US crude oil inventories rose by 6.92 mn barrels last week, according to the weekly data released by the American Petroleum Institute (API) on Thursday.

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BULLION
GOLD (5 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 30400, 30550 : - 29990, 29700 : - SELL ON HIGH

SILVER (5 DEC.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 44350, 44600 : - 43900, 43600 : - SELL ON HIGH HIGH

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ENERGY
CRUDEOIL (18 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 5820, 5850 : - 5740, 5680 : - SELL ON HIGH

NATURAL GAS (26 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - BULLISH : - 250.00, 254.00 : - 243.50, 240.00 : - BUY ON DIPS

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BASE METAL

COPPER (28 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -453.50, 457.50 : - 447.00, 444.00 : - SELL ON HIGH

LEAD (31 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 130.30, 131.00 : - 128.80, 128.00 : - SELL ON HIGH

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ZINC (31 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 117.00, 118.00 : - 115.90, 115.00 : - SELL ON HIGH

ALUMINUM (31 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 109.10, 110.00 : - 107.50, 106.50 : - SELL ON HIGH

NICKEL (31 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 854.80, 861.50 : - 835.80, 830.00 : - SELL ON HIGH

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GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1241.91 19.750 03.227 92.25 03.920 720.00 1362.10

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

62.6000 01.3614 102.385 00.9051 01.6366 01.0598

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