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Daily Market Reflection

29th December 2016

Market Outlook

COMDEX

Gold and silver Continuing its upward trend for a second straight
day, gold prices rose around 0.50% as a slightly weaker dollar
and in coming session gold & silver may be trade sideways to
bullish. After a long weekend and slow growth last week, crude
oil prices soared significantly during Tuesdays and Wednesday
trade, supported by the optimism of the production cut deal,
which is likely to begin next week. In addition, oil markets
received solid support from comments of Saudi Arabias Energy
Minister, who said oil prices are likely to improve in FY2017, as
output cuts will rebalance the market. Base metals trade in
negative zone today and we expect base metal price will trade
bearish in next working days.

Fundamental News
Continuing its upward trend for a second straight day, gold
prices rose by another Rs 175 to Rs 28,200 per 10 grams on
positive global cues and increased buying by jewellers.
Oil prices rose for a fourth straight session on Wednesday, with
traders waiting to see if OPEC will make good on its promises to
cut output in the new year.
Important Data
Time

2:30pm
7:00pm
7:00pm
7:00pm
9:00pm
9:30pm

Currency

EUR
USD

Event

Forecas
t

Previou
s

M3 Money Supply
y/y

4.4%

4.4%

Unemployment
Claims

277K

275K

Market Updates
MCX
Date
27-12-16
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

27160
39187
378.80
3672
118.05
140.05
706.70
173.65
255.10

Date
28-1216
27316
39425
378.90
3708
117.20
137.15
687.80
175.90
262.40

COMEX

Date
27-12-16
1138.50
15.997
54.11
2.501
103.51

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
26-12-16
1138.80
15.989
53.90
2.516
103.00

USDINR

68.0175

68.2200

+0.30%

Goods Trade
Balance

-61.5B

-61.9B

+0.54%
+0.78%
-0.03%
+0.87%
-0.93%
-2.28%
-2.41%
+0.98%
+2.46%

-0.03%
+0.05%
+0.35%
-0.58%
+0.50%

OUR PREVIOUS CALLS UPDATE


Intraday super star
Date Commodity
Entry
Exit
P/L

28/1 CRUDE
2
Multibagger
Prelim Wholesale
Date Commodity Entry
Exit
USD
0.1%
-0.4%
Inventories m/m
28/1 NATURAL G. 257
261
2
Natural Gas
-209B
Trifid special
USD
Storage
Date Commodity Entry
Exit
Crude Oil
2.3M
28/1 GOLD
USD
Inventories
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| Toll Free: 1800-270-1410
2
For our next calls click here..
USD

% Chg

P/L
5000

P/L
-

Gold and Silver


GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

27100
1130

26800
1120

27300
1142

27500
1152

SILVER

Gold showed sideways movement and found the


important support level of 27200. Now if it will sustain
below the important support level of 27100 then 26850
will act as next support level. On the other hand 27300
will act as a major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

38700
15.65

38200
15.50

39500
16.05

40000
16.20

Silver showed bullish movement and found the important


resistance level of 39600. Now if it will sustain below the
important support level of 39100 then 38500 will act as
next support level. On the other hand 39600 will act as a
major resistance level.
.

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Crude and Copper


CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3670

3620

3720

3770

COMEX

53.30

52.50

54.20

55.00

Crude showed sideways to bullish movement and found


the important resistance level of 3712. Now if it will
close above the important resistance level of 3715 then
3760 will act as next resistance level. On the other hand
3670 will act as a major support level.
.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

376

370

383

390

COMEX

2.4965

2.4700

2.5350

2.5600

Copper showed sideways movement and found the


important resistance level of 381. Now if it will close
below the important support level of 375 then 370 will
act as next support level. On the other hand 383 will act
as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

115

113

119

122

3644

2064

Bearish

LEAD

135

133

139

142

15295

2369

Bearish

NICKEL

670

650

700

720

25803

12167

Bearish

ZINC

172

169

178

181

23243

3509

Bullish

NATURAL GAS

255

250

265

270

58767

8542

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO22/12/2016
LME DATA TODAY
COMMODITIES
21/12/2016

23/12/2016

26/12/2016

28/12/2016

ALUMINIUM

+25101

+5025

+10450

+900

+26775

COPPER

-4400

-3825

-1275

-3525

-3425

LEAD

+25

+11700

+50

-200

NICKEL

+95

+95

-144

-222

-162

ZINC

-25

-175

-200

-1275

-350

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Agri Commodity Updates


GUARSEED
Guarseed found the important resistance level of
3250 and showed sideways to bullish movement. If
prices sustain below 3185 level in next trading
session then this bearish momentum can take prices
to 3150 level. If it breaks the resistance level of 3250
then 3300 will act as next resistance level.
PIVOTS

S1

S2

R1

R2

3180

3150

3250

3280

JEERA
Jeera showed bullish movement today and found
the resistance level of 17600. If prices sustain below
17300 levels in next trading session then this
bearish momentum can take prices to 17000 level.
If it breaks the resistance level of 17600 then 17800
will act as next resistance level.

PIVOTS

S1

S2

R1

R2

17300

17000

17600

17800

SOYABEAN
Soyabean found the important support of 3000 and
showed sideways movement. If prices sustain
below 3010 level in next trading session then this
bearish momentum can take prices to 2980 level. If
it breaks the resistance level of 3060 then 3100 will
act as next resistance level.

PIVOTS

S1

S2

R1

R2

3010

2880

3060

3100

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Intraday Super Star


(Premium Section)

CALL: SELL NICKEL BELOW 685 TAREGTS 675/665 SL 705.

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Multibagger Call
(Premium Section)

CALL: SELL LEAD BELOW 136.50 TARGETS 135.50/134.50 SL 138.10.

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Trifid Special
(Premium Section)

CALL: SELL ALUMINIUM BELOW 116.95 TARGETS 114.50/113 SL 119.50.

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