Daily Market Reflection

27th September 2016

Market Outlook

COMDEX

Gold closed higher yesterday as a weaker dollar and losses in

the U.S. stock market stimulated demand for the yellow metal.
Silver closed lower in the domestic market as participants
engaged in trimming their positions taking weak cues from
global market. Copper & Nickel traded lower as investors and
speculators trimmed their positions amid a fall in demand from
consuming countries. Further, a slowdown in US manufacturing
raised concerns over the health of the worlds biggest economy,
dimming the demand outlook for metals. Crude oil closed higher
as traders placed their latest wagers on the possibility that major
producers will make progress this week on a pact to limit
production.
Fundamental News
Gold futures moved higher Monday, tracking a weaker dollar
and lower stocks, as financial markets braced for volatility that
could be stirred by the evening debate between Democratic
presidential candidate Hillary Clinton and her Republican rival
Donald Trump.
Crude oil futures traded higher on MCX as investors and
speculators enlarged their positions ahead of a meeting
between major oil producers this week to discuss possible
output curbs in a bid to help ease a global supply glut and
support prices.
Important Data
Time

Currenc
y

1:30pm

EUR

6:30pm

USD

7:15pm
7:30pm
7:30pm
8:45pm

Event
M3 Money Supply
y/y
S&P/CS
Composite-20 HPI
y/y

Foreca
st

Previou
s

4.9%

4.8%

5.0%

5.1%

Market Updates
MCX
Date
23-09-16
GOLD
SILVER
COPPER

31281
46817
327.80

Date
26-0916
31328
46501
326.70

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

3083
109.90
129.00
694.80
152.10
199.80
Date
26-09-16
1344.15
19.598
46.10
2.196
95.18

+3.53%
+1.10%
+1.30%
-1.63%
+0.43%
+1.83%
% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

2978
108.70
127.35
706.30
151.45
196.20
Date
23-09-16
1341.70
19.810
44.48
2.201
95.41

USDINR

66.6775

66.6275

-0.07%

+0.15%
-0.67%
-0.34%

+0.18%
-1.07%
+3.64%
-0.23%
-0.24%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L

26/0 COPPER
9
Flash Services PMI
51.1
51.0
Multibagger
USD
Date Commodity Entry
Exit
CB Consumer
98.6
101.1
USD
26/0
DHANIYA
Confidence
9
Richmond
Trifid special
USD
Manufacturing
-2
-11
Date Commodity Entry
Exit
Index
26/0 GOLD
FOMC Member
USD
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9
Fischer Speaks
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P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31100
1335

30900
1325

31400
1345

31650
1355

SILVER

Gold showed bullish movement and near to its

resistance level of 31400. Now if it will close above the
important resistance level of 31400 then 31650 will act
as next resistance level. On lower side 31200 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46250
19.30

45850
19.00

46800
19.75

47200
20.00

Silver showed bearish movement in todays session.

Now if it will maintain above its resistance level of 46800
then 47100 will act as next resistance level. On the other
hand 46250 will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3000

2950

3120

3200

COMEX

44.35

44.15

46.55

47.00

Crude oil showed bullish movement. Now if it will

maintain above 3120 then 3200 will be next resistance
level. On the other hand 3000 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

325

323

328

330

COMEX

2.1675

2.1535

2.1855

2.1900

Copper showed sideways to bullish movement and found the

important resistance of 327.50. Now if it will break the
resistance level of 328 then 330 will act as next resistance
level. On the other hand 325 will act as a major support
level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

108.70

107

110.80

112

9038

2799

Bullish

LEAD

128

126.50

130

131.20

15809

2780

Bullish

NICKEL

687

675

700

715

33180

11189

Bearish

ZINC

150.50

149

152.70

154

20859

6140

Bullish

NATURAL GAS

197

195

201

203

40632

4070

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO21/09/2016
LME DATA TODAY
COMMODITIES
20/09/2016

22/09/2016

23/09/2016

26/09/2016

ALUMINIUM

+6700

-6600

-8150

-6700

-10701

COPPER

-1675

-150

-1750

+10850

+7252

LEAD

+875

+2200

-200

-25

+250

NICKEL

-1075

-1002

+120

-1686

-854

ZINC

-50

-250

-300

-1200

-648

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bearish movement and
found its important support level of 7300. Now on
higher side 7750 will act as important resistance
level above which it will pull towards the resistance
level of 7900. On lower side some correction will
take it towards the support level of 7400.
PIVOTS

S1

S2

R1

R2

7500

7400

7750

7900

RMSEED
Rmseed showed bearish movement and found its
support level of 4600. Now on higher side 4670 will
act as important resistance level above which it will
pull towards the resistance level of 4725. On lower
side bearish movement drags it towards the support
level of 4560.

PIVOTS

S1

S2

R1

R2

4600

4550

4670

4720

JEERA
Jeera showed sideways to bearish movement and
found support of 17000. Now on lower side 17000
will act as important support level below which it will
drag down towards the support level of 16800. On
higher side some correction pulls it towards the
resistance level of 17500.

PIVOTS

S1

S2

R1

R2

17000

16800

174000

17600

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Intraday Super Star

(Premium Section)

CALL: BUY COPPER ABOVE 327.50 TARGETS 329.50/331.50 SL 324.

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Multibagger Call
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 110.25 TARGETS 111.25/112.25 SL 108.90.

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Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 31350 TARGETS 31450/31550 SL 31200.

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