Daily Market Reflection

28th September 2016

COMDEX

Market Outlook
Gold prices edged lower, as market sentiment improved amid
the view that U.S. presidential candidate Hillary Clinton did
better than her rival Donald Trump. Base metals were mixed
with Nickel rebounding after the Philippines ordered the
suspension of 20 more nickel mines for environmental
violations. Lead rose as investors and speculators booked fresh
positions in the industrial metal amid a pickup in physical
demand for lead, from battery-makers. Crude fell as optimism
faded for an output-limiting deal during an oil producer meeting
in Algeria.
Fundamental News
Gold fell on Tuesday as the dollar and stocks gained ground on
the view that U.S. presidential candidate Hillary Clinton got the
better of rival Donald Trump in their first debate.
Crude oil futures edged lower on MCX as speculators exited
positions in the energy commodity ahead of an informal meeting
of top oil producers to discuss measures to stabilize oil prices
including a possible production freeze, to help ease a global
supply glut.

Important Data
Time

6:00pm
6:00pm
7:30pm
7:40pm
8:00pm
8:00pm

Currenc
y
USD
USD

Event
Core Durable
Goods Orders m/m
Durable Goods
Orders m/m
Fed Chair Yellen
Testifies
FOMC Member
Bullard Speaks

Foreca
st
-0.5%
-1.0%

Previou
s

Market Updates
MCX
Date
26-09-16
GOLD
SILVER
COPPER

31328
46501
326.70

Date
27-0916
30978
45494
322.45

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

2975
108.70
129.80
703.10
153.10
199.30
Date
27-09-16
1330.15
19.168
44.73
2.174
95.31

-3.50%
-1.09%
+0.62%
+1.19%
+0.66%
-0.25%
% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

3083
109.90
129.00
694.80
152.10
199.80
Date
26-09-16
1344.10
19.596
45.93
2.199
95.21

USDINR

66.6475

66.5000

-0.22%

-1.12%
-2.17%
-1.30%

-1.04%
-2.18%
-2.61%
-1.11%
+0.11%

1.3%
4.4%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L

27/0 COPPER
9
Multibagger
USD
Date Commodity Entry
Exit
ECB President
27/0
ALUMINIUM
EUR
Draghi Speaks
9
Trifid special
Crude Oil
USD
2.4 M
-6.2 M
Date Commodity Entry
Exit
Inventories
27/0 GOLD
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| Toll Free: 1800-270-1410
9
For our next calls click here..
USD

% Chg

P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30950
1322

30750
1312

31100
1332

31250
1342

SILVER

Gold showed bearish movement and near to its support

level of 30970. Now if it will close above the important
resistance level of 31100 then 31350 will act as next
resistance level. On lower side 30900 will act as vital
support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

45300
18.90

44850
18.60

45900
19.30

46400
19.60

Silver showed bearish movement in todays session.

Now if it will maintain above its resistance level of 46000
then 46600 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

2950

2900

3030

3100

COMEX

44.15

43.55

45.35

45.75

Crude oil showed bearish movement. Now if it will

maintain above 3030 then 3100 will be next resistance
level. On the other hand 2950 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

321

318

324

328

COMEX

2.1535

2.1335

2.1735

2.1885

Copper showed sideways to bearish movement and found

the important support of 321. Now if it will break the
resistance level of 325 then 328 will act as next resistance
level. On the other hand 321 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

107

110

111.50

75285

2295

Bearish

LEAD

128.90

127.20

130.80

132.50

22015

3271

Bullish

NICKEL

692

675

720

735

76937

10017

Bullish

ZINC

151.20

149

155.20

157.70

32009

6950

Bullish

NATURAL GAS

197

195

201

203

31854

673

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO22/09/2016
LME DATA TODAY
COMMODITIES
21/09/2016

23/09/2016

26/09/2016

27/09/2016

ALUMINIUM

-6600

-8150

-6700

-10701

-10175

COPPER

-150

-1750

+10850

+7252

+7350

LEAD

+2200

-200

-25

+250

+250

NICKEL

-1002

+120

-1686

-854

-504

ZINC

-250

-300

-1200

-648

-525

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bullish movement and
found its important resistance level of 7660. 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 4570. Now on higher side 4650 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

4570

4520

4630

4680

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

17400

17600

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Intraday Super Star

(Premium Section)

CALL: BUY DHANIYA ABOVE 7670 TARGETS 7730/7800 SL 7590.

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Multibagger Call
(Premium Section)

CALL: SELL ZINC BELOW 152.75 TARGETS 151.75/150.75 SL 154.10.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 30970 TARGETS 30870/30770 SL 31110.

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