HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

Market Wrap-Up
MCX Market Wrap-up
Previous Change in Change in OI Change in Vol-
Commodity Contract Open High Low Close
Close Price (in %) (in %) ume (in %)
Aluminum 31-Jan-18 144.95 145.05 145.45 139 139.20 -3.97% -38.55% 51.38%
Copper 28-Feb-18 466.00 467.85 467.85 452.1 452.50 -2.90% -18.95% -15.90%
Crude Oil 19-Jan-18 3850.00 3858 3950 3782 3887.00 0.96% 14.92% 20.87%
Gold 5-Feb-18 29156.00 29160 29284 29061 29217.00 0.21% 8.49% -4.23%
Lead 31-Jan-18 160.05 160.35 164.55 159.3 161.90 1.16% -21.58% 137.98%
Natural Gas 25-Jan-18 189.70 191.4 196.6 174.8 177.10 -6.64% 134.86% 12.41%
Nickel 31-Jan-18 783.40 814 815.5 784.1 794.30 1.39% -26.55% 96.55%
Silver 5-Mar-18 39237.00 39089 39372 38900 39253.00 0.04% -1.16% 0.50%
Zinc 31-Jan-18 211.50 212.4 215.45 211.1 213.80 1.09% 3.95% 157.42%

NCDEX Market Wrap-up

Previous Change in Change in Change in Vol-
Commodity Contract Open High Low Close
Close Price (in %) OI (in %) ume (in %)
Castor Seed 19-Jan-18 4357 4360 4369 4251 4276 -1.86% -0.93% -1.33%
Chana 19-Jan-18 4015 4015 4121 3909 3971 -1.10% -10.43% -62.76%
Dhaniya 19-Jan-18 5494 5524 5620 5222 5270 -4.08% -11.88% -11.28%
Cottonseed
19-Jan-18 1771 1768 1818 1750 1776 0.28% -3.70% -46.91%
Oil Cake
Guargum5 19-Jan-18 8939 8941 9450 8855 9382 4.96% 5.84% -23.18%
Guarseed10 19-Jan-18 4078 4084.5 4284 4043 4254 4.32% 3.66% -41.82%
Jeera 19-Jan-18 21650 21695 21760 20920 20920 -3.37% -8.67% 39.34%
Kapas 30-Apr-18 1031 1029.5 1029.5 975 993 -3.69% -22.02% -33.65%
RMseed 19-Jan-18 3939 3943 3976 3921 3927 -0.30% -0.71% -13.76%
Ref Soya Oil 19-Jan-18 721.75 724.5 742.65 723 740.45 2.59% -13.41% 99.28%
Soyabean 19-Jan-18 3065 3070 3167 3047 3166 3.30% 4.98% -2.42%
Turmeric 20-Apr-18 7842 7876 7876 7450 7550 -3.72% -0.09% -14.36%
Mentha Oil 31-Jan-18 1970 1675 1710 1578.1 1671.8 -15.14% -7.23% -41.77%

Currency Market Wrap-up

Change in Price
Currency Pair Contract Previous Close Open High Low Close
(in %)

USDINR 29-Jan-18 64.0575 64.0425 64.0600 63.4550 63.5175 -0.84%

GBPINR 29-Jan-18 86.5475 86.6100 86.7600 85.9700 86.0700 -0.55%
EURINR 29-Jan-18 76.8325 75.9825 76.9000 75.9625 76.8325 0.00%
JPYINR 29-Jan-18 56.9925 56.9275 57.4750 56.1200 56.1650 -1.45%

Continued…….
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Market Wrap-Up
International Market Wrap-up
Previous Change in Price
Commodity Exchange Open High Low Close
Close (in %)
Aluminum LME 2275.5 2279.25 2289.5 2200.75 2202.5 -3.21%
Copper COMEX 3.28 3.295 3.305 3.224 3.232 -1.46%
Crude Oil NYMEX 60.12 60.26 62.2 60.12 61.56 2.40%
Gold COMEX 1305.1 1305.8 1327.2 1304.6 1320.2 1.16%
Lead LME 2496 2507.5 2593.25 2489 2553.25 2.29%
Natural Gas NYMEX 2.956 3.057 3.096 2.747 2.787 -5.72%
Nickel LME 12652.5 12557.5 12835 12352.5 12547.5 -0.83%
Silver COMEX 16.985 17.025 17.32 16.985 17.26 1.62%
Zinc LME 3318.25 3306.25 3379.5 3293.5 3358.28 1.21%

3 Copyright © 2017 Ways2Capital. All rights reserved 08/01/2018

Inventory Updates

LME Inventory Update

Commodity Closing (As on 05th Jan 18) in Tonnes Closing (As on 29th Dec 17) in Tonnes % Change

Copper 200150 201650 -0.74%

Nickel 365934 373410 -2.00%

Lead 142075 141875 0.14%

Zinc 180575 188225 -4.06%

Aluminium 1101325 1106025 -0.42%

Continued…….
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Inventory Updates

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Market Next Week

Upcoming Economic Events Calender

Time Curreny Event Forecast Previous

Monday, January 8, 2018

14:00 GBP Halifax House Price Index (MoM) (Dec) 0.20% 0.50%
Tuesday, January 9, 2018
5:31 GBP BRC Retail Sales Monitor (YoY) (Dec) - 0.60%
20:30 USD JOLTs Job Openings (Nov) - 5.996M
Wednesday, January 10, 2018
3:00 USD API Weekly Crude Oil Stock - -4.992M
7:00 CNY CPI (YoY) (Dec) 1.90% 1.70%
7:00 CNY CPI (MoM) (Dec) 0.40% 0.00%
7:00 CNY PPI (YoY) (Dec) 4.80% 5.80%
15:00 GBP Industrial Production (MoM) (Nov) 0.30% 0.70%
15:00 GBP Manufacturing Production (MoM) (Nov) 0.30% 0.10%
15:00 GBP Trade Balance (Nov) -10.70B -10.78B
19:00 USD Export Price Index (MoM) (Dec) 0.40% 0.50%
19:00 USD Import Price Index (MoM) (Dec) 0.50% 0.70%
21:00 USD Crude Oil Inventories - -7.419M
Thursday, January 11, 2018
19:00 USD Core PPI (MoM) (Dec) 0.20% 0.30%
19:00 USD Initial Jobless Claims 248K 250K
19:00 USD PPI (MoM) (Dec) 0.20% 0.40%
Friday, January 12, 2018
0:30 USD Federal Budget Balance (Dec) -134.0B -139.0B
19:00 USD Core CPI (YoY) (Dec) 1.70% 1.70%
19:00 USD Core CPI (MoM) (Dec) 0.20% 0.10%
19:00 USD Core Retail Sales (MoM) (Dec) 0.40% 1.00%
19:00 USD CPI (MoM) (Dec) 0.20% 0.40%
19:00 USD Retail Sales (MoM) (Dec) 0.50% 0.80%
20:29 CNY Exports (YoY) (Dec) 9.10% 12.30%
20:29 CNY Imports (YoY) (Dec) 13.00% 17.70%
20:29 CNY Trade Balance (USD) (Dec) 37.00B 40.21B

Currency Weekly Pivots

Currency Pair Contract R3 R2 R1 PP S1 S2 S3

USDINR 29-Jan-18 64.9000 64.3000 63.9500 63.7000 63.3500 63.1000 62.5000

GBPINR 29-Jan-18 87.8500 87.0500 86.5500 86.2500 85.7500 85.4500 84.6500
EURINR 29-Jan-18 78.4500 77.5000 77.1500 76.5500 76.2000 75.6000 74.7000
JPYINR 29-Jan-18 59.3000 57.9500 57.1000 56.6000 55.7500 55.2500 53.9000
Continued…….
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Market Next Week

MCX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Aluminium 28-Feb-18 154.10 147.65 143.40 141.20 136.95 134.75 128.30

Copper 28-Feb-18 489 473.25 462.9 457.5 447.15 441.75 426.00

Crude Oil 19-Jan-18 4209 4041 3964 3873 3796 3705.00 3537.00

Gold 5-Feb-18 29633 29410 29314 29187 29091 28964 28741

Lead 28-Feb-18 172.4 167.15 164.5 161.9 159.25 156.65 151.40

Natural Gas 25-Jan-18 226.45 204.65 190.9 182.85 169.1 161.05 139.25

Nickel 28-Feb-18 860.75 829.35 811.8 797.95 780.4 766.55 735.15

Silver 5-Mar-18 40119 39647 39450 39175 38978 38703 38231

Zinc 28-Feb-18 222.15 217.8 215.8 213.45 211.45 209.10 204.75

NCDEX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3
Castor Seed 29-Dec-17 4535 4417 4346 4299 4228 4181 4063
Chana 28-Feb-18 4424 4212 4092 4000 3880 3788 3576
Dhaniya 18-Dec-17 6167 5769 5519 5371 5121 4973 4575
Cotton Seed Oilcake 5-Feb-18 1917 1849 1813 1781 1745 1713 1645
Guargum5 29-Dec-17 10419 9824 9603 9229 9008 8634 8039
Guarseed10 26-Dec-17 4676 4435 4344 4194 4103 3953 3712
Jeera 29-Dec-17 22880 22040 21480 21200 20640 20360 19520
Kapas 5-Mar-18 1108 1054 1023 999 969 945 890
RMseed 29-Dec-17 4051 3996 3962 3941 3907 3886 3831
Ref Soya Oil 26-Dec-17 775 755 748 735 728 716 696
Soyabean 29-Dec-17 3367 3247 3206 3127 3086 3007 2887
Turmeric 5-Mar-18 8477 8051 7801 7625 7375 7199 6773
Mentha Oil 29-Dec-17 1917 1785 1729 1653 1597 1521 1390

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MCX Fundamentals

BULLION
Gold dipped in choppy trading on Friday as traders cashed in gains from the metal's
rally to 3-1/2-month highs this week and as the dollar rose even after weaker-than-
expected U.S. payrolls data for December. The metal remained on track for a fourth
straight weekly gain, something it has not done since April although it posted an
annual increase of 13 percent in 2017. The U.S. December non-farm payrolls report
was weaker than expected. The dollar dipped briefly, then rose as investors reck-
oned the data would not deter U.S. Federal Reserve from raising interest rates mul-
tiple times this year though at a gradual pace.

BASE METALS

Zinc hit its highest in more than a decade on Friday as concerns over market tight-
ness persisted, while copper hit a two-week low as Chinese investor interest was
muted with the Lunar New Year holidays looming. Zinc stocks held in London Metal
Exchange warehouses fell 250 tonnes to their lowest since late 2008, data showed
on Friday, down about a third from their October peak. The global zinc market
deficit widened to 36,900 tonnes in October from a revised deficit of 35,900 ton-
nes in September, the latest industry data show.

ENERGY

Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. pro-
duction undermined a 10 percent rally from December lows that was driven by
tightening supply and political tensions in OPEC member Iran. Traders said political
tensions in Iran, had pushed prices higher. Oil prices have received general sup-
port from production cuts led by OPEC and Russia, which started in January last
year and are set to last through 2018, as well as from strong economic growth and
financial markets
MCX Natural gas may note some gains tracking cues from international exchange
but upside is limited. NYMEX natural gas gained more than 1% to trade above
$2.8/mmBtu after Friday’s sharp 3% decline. Supporting gas price is forecast of
cold weather in US which will keep heating demand high.

8 Copyright © 2017 Ways2Capital. All rights reserved 08/01/2018

NCDEX Fundamentals

SPICES
As per government data, Jeera exports during first seven month of FY 2017/18
(Apr-Sep) is 88,229 tonnes, up 11% compared to last year exports volume for
the same period. India's jeera exports in October increase by 37% on year to
10,402 tn. In Gujarat, Jeera acreage is up by 38% to 3.8 lakh hectares as on 1-
Jan-18. Last year, it was 2.8 lakh hectares at that same time.
Turmeric Apr contract fall for the fifth consecutive day on Friday mainly on
short covering by the Market participants tracking weakness in physical mar-
ket. The supplies have improved during last one month due to new season
arrivals, government auctions and lower exports data.

OIL & OILSEEDS

NCDEX Soybean closed 3.2% high last week supported by improving in

physical demand. Moreover, the supplies have been diminishing slowly in
the physical market. The arrivals have been lower during December com-
pared to last year.
Mustard Jan futures closed lower due to profit booking tracking weak physi-
cal demand. Market is still expecting for some demand side fundamentals as
downside looks limited. Currently, mustard is trading lower than its MSP
due to reports good progress in sowing season and steady demand.

GUAR COMPLEX

Guar complex futures traded higher last week. Good demand from stockiest
and guar gum producers and reduced supply at major trading centers helped
prices to trade on positive bias during the week. However, guar gum futures
settled marginally down on profit booking and closed the day at Rs.8931/
quintal,Total stock position of guar seed and gum at NCDEX warehouses were
reported at 26188 MT and 22735 MT respectively as on 12th Dec. Total arri-
vals of guar were reported at 30800 bags yesterday at major trading centers
across Rajasthan.

OTHERS
Chana Jan futures closed lower on Friday on profit booking by the market
participants on reports on higher stocks and good sowing progress. As per
government sowing data, area under the chana crop across the country was
up 12.7% on year at 103.8 lakh hectares as on last week. As per government
data, India imported about 5.84 lakh tonnes of chana during Apr-Oct, up by
430% compared the last year imports.
MCX Jan Cotton rose for the eight consecutive week tracking firm interna-
tional prices, good physical demand and improved exports. CCI has procured
around 5 lakh bales this season of which 4 lakh bales have been procured at
MSP and the remaining 1 lakh bales as part of its commercial operations.
9 Copyright © 2017 Ways2Capital. All rights reserved 08/01/2018
Calls of the Week (MCX)

SILVER
Silver prices opened flat in the last week and thereafter consolidated for the whole week in the range of 39000-39350
levels. Prices have broken out from its short term declining trend line resistance in the last week and closed above the
same on weekly basis as appeared on the chart. Also market is sustaining above the level of 39000 indicating positive
trend in coming sessions. Prices are expected to go high above the level of 39400On the lower side immediate support
is placed around 3900 level.

WEEKLY STRATEGY

PERTICULAR DETAILS

ACTION Buy

ENTRY PRICE Above 39400

TARGET 39900

STOP LOSS 39100

NICKEL

Last week, Nickel prices opened higher and prices corrected sharply for most of the week till low of 782.60. Previously
prices have rallied strongly in the last month after taking strong support at its short term rising trend line. Daily RSI (14)
has given a positive signal. Prices are expected to go higher from these levels towards next strong resistance zone
placed around 830

WEEKLY STRATEGY

PERTICULAR DETAILS

ACTION Buy

ENTRY PRICE Above 801

TARGET 825

STOP LOSS 780

10 Copyright © 2017 Ways2Capital. All rights reserved 08/01/2018

Calls of the Week (NCDEX)
RMSEED

NCDEX Mustard seed Apr future continued to trade in the range of 4070-4200 for the fourth consecutive trading week.
Price made the low of 4096 during the week and the high of 4174 and settled at 4143/quintal. Price gained by 34
points during the week with higher volume and open interest indicating building of long positions. Arrivals continued
to be steady in the range of 155000 bags. Market is forming lower high on its daily chart indicating selling trend. We
can see pressure on prices from higher level. And we are expecting market can be traded in range.

WEEKLY STRATEGY

PERTICULAR DETAILS

ACTION Sell

ENTRY PRICE Below 4120

TARGET 4050

STOP LOSS 4180

SYOREFINED

CBOT Soy oil trading March futures gained by 0.50 c/lb in last week and settled at 33.76. Traders are expecting major
change in the USDA monthly report which also supported higher soy oil price. The trading range for the session is
33.50-34 c/lb. In the domestic market NCDEX Soy oil Feb contract gained by 15 points and settled at 742.35/10 kg.
Price gained with higher volume and OI indicating long accumulation. The NCDEX Feb future is trading higher than the
import parity by 15 points. This may cap the upside in the near term on domestic bourse.

WEEKLY STRATEGY

PERTICULAR DETAILS

ACTION Buy

ENTRY PRICE Above 746.50

TARGET 759

STOP LOSS 738

11 Copyright © 2017 Ways2Capital. All rights reserved 08/01/2018

Calls of the Week (FOREX)
EURINR

In the initial part of the last week, EURINR made a high of 76.9975 but was unable to make the major psychological
resistance level of 77.0000 and closed at 76.6450 with the marginal loss of 0.24% on weekly basis. For this week, trad-
ers can adopt sell from higher levels strategy in it and below the level of 76.3525 it can test the level of 75.9125 during
the week. Trades can make buy position in it by maintaining a Stop Loss of 76.6525

WEEKLY STRATEGY

PERTICULAR DETAILS

ACTION Sell

Below
ENTRY PRICE
76.3525

TARGET 75.9125

STOP LOSS 76.6525

GBPINR

Last week, GBPINR witnessed downside movement for the entire week and closed at 86.07000 with the overall loss of
0.55% on weekly basis. Technically it’s trading with negative RSI (below 50) and below 200 Days SMA and still looking
week on the chart. For this week, traders can adopt sell from higher levels strategy in it and below the level of 85.9700
it can test the level of 85.4725 during the week. Trades can make buy position in it by maintaining a Stop Loss of
86.3025

WEEKLY STRATEGY

PERTICULAR DETAILS

ACTION Sell

Below
ENTRY PRICE
85.9700

TARGET 85.4725

STOP LOSS 86.3025

12 Copyright © 2017 Ways2Capital. All rights reserved 08/01/2018

Disclaimer

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