Daily Market Reflection

4th October 2016

COMDEX

Market Outlook
Gold closed lower on Monday on the back of a stronger U.S.
dollar. Silver closed lower as participants engaged in trimming
their positions taking weak cues from global market. Bullion can
trade lower today. Base metals were mixed with Zinc closing
above its five year high. Copper traded bearishly in the evening
session due to weak demand in the importing countries. Base
metals can trade higher today. Crude oil futures closed higher
yesterday as traders assessed last weeks preliminary
production agreement by OPEC and its potential to curb the
global glut. Crude may trade higher today.

Fundamental News
Gold prices slipped on Monday as the dollar gained on strongerthan-expected U.S. manufacturing data and investors looked to
jobs data later this week for clues about whether U.S. interest
rates will rise by the year end.
Brent crude oil prices steadied above $50 a barrel on Monday,
supported by a planned production cut by exporter club OPEC,
but still under pressure from an overhang in supply that currently
exceeds consumption.
Important Data
Time

6:00am
7:00am
9:00am
9:00am
2:00pm
Tentativ
e

Currenc
y

Event

AUD

Building Approvals
m/m

NZD

RBNZ Gov Wheeler

Speaks

Foreca
st

Previou
s

-5.8%

11.3%

Market Updates
MCX
Date
30-09-16
GOLD
30742
SILVER
45726
COPPER
328.55
CRUDE
3212
ALUMINIUM
111.20
LEAD
140.30
NICKEL
703.30
ZINC
158.10
NATURALGAS 194.00
COMEX
Date
30-09-16
GOLD
1317.10
SILVER
19.214
CRUDE
48.24
COPPER
2.211
$ INDEX
95.38

Date
3-10-16
30861
44893
324.75
3246
111.25
139.15
687.70
160.00
194.60
Date
3-10-16
1312.65
18.877
48.54
2.190
95.61

USDINR

66.8250

66.8775

Cash Rate

-0.39%
-1.82%
-1.16%
+1.06%
+0.04%
-1.83%
-2.22%
+1.20%
+0.31%
% Chg
-0.34%
-1.75%
+0.62%
-0.97%
+0.23%
-0.08%
.

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L

30/0 CARDAMOM
1165
1180
9
RBA Rate
Multibagger
AUD
Statement
Date Commodity Entry
Exit
30/0 ZINC
158.70 159.70
Construction PMI
49.1
49.2
GBP
9
Trifid special
NZD
Date Commodity Entry
Exit
GDT Price Index
1.7%
30/0 GOLD
30950 30850
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| Toll Free: 1800-270-1410
9
For our next calls click here..
AUD

% Chg

1.50%

1.50%

1500

P/L
5000

P/L
10000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30800
1307

30650
1300

31200
1316

31350
1326

SILVER

Gold showed bearish movement and near to its support

level of 30850. Now if it will close above the important
resistance level of 31200 then 31350 will act as next
resistance level. On lower side 30800 will act as vital
support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

45000
18.75

44500
18.50

46500
19.15

46000
19.55

Silver showed week movement in todays session. Now

if it will maintain above its resistance level of 45500 then
46000 will act as next resistance level. On the other
hand 45000 will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3175

3125

3260

3320

COMEX

47.90

47.20

49.00

49.50

Crude oil showed bullish movement. Now if it will

maintain above 3260 then 3300 will be next resistance
level. On the other hand 3190 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

321.50

318.50

326

330

COMEX

2.1630

2.1490

2.1900

2.2035

Copper showed sideways to bearish movement and found

the important support of 321.50. Now if it will break the
resistance level of 327.50 then 330 will act as next resistance
level. On the other hand 321.50 will act as a major support
level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

110.50

109.50

112.50

113.80

6133

3144

Bullish

LEAD

138.20

137

141.50

143

28738

6128

Bearish

NICKEL

680

665

705

720

49213

16765

Bearish

ZINC

159

157.80

161

163

26651

15572

Bullish

NATURAL GAS

191.50

188

196.50

200

42363

6377

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO28/09/2016
LME DATA TODAY
COMMODITIES
27/09/2016

29/09/2016

30/09/2016

3/10/2016

ALUMINIUM

-10175

+7776

-4875

-4352

+30422

COPPER

+7350

-2402

+10100

-6952

-452

LEAD

+250

-251

-300

-251

-202

NICKEL

-504

+25

+564

-655

+208

ZINC

-525

-827

-675

-626

-270

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bearish movement and
found its important support level of 7600. 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 7500.
PIVOTS

S1

S2

R1

R2

7500

7400

7750

7900

RMSEED
Rmseed showed bearish movement and found its
support level of 4550. Now on higher side 4585 will
act as important resistance level above which it will
pull towards the resistance level of 4635. On lower
side bearish movement drags it towards the support
level of 4500.

PIVOTS

S1

S2

R1

R2

4540

4500

4600

4650

JEERA
Jeera showed sideways to bearish movement and
found support of 17200. Now on lower side 17250
will act as important support level below which it will
drag down towards the support level of 17000. On
higher side some correction pulls it towards the
resistance level of 17500.

PIVOTS

S1

S2

R1

R2

17250

17000

17550

17750

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Intraday Super Star

(Premium Section)

CALL: SELL NICKEL BELOW 685 TARGETS 672/655 SL 705.

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Multibagger Call
(Premium Section)

CALL: SELL GOLD BELOW 30830 TARGETS 30750/30650 SL 30950.

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Trifid Special
(Premium Section)

CALL: SELL SILVER BELOW 45000 TARGETS 44500/44000 SL 45500.

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