Accurate Weekly Mcx Market Report for Indian Share Market by CapitalHeight

Page 1

Weekly Newsletter MCX 07/09/2015

www.capitalheight.com


info@capitalheight.com Phone- (0731)6615050

Weekly MCX News Letter Contents Upcoming events Market Wrap Gold Silver Copper Crude Oil Technical Analysis Gold Silver Copper Crude Oil

www.capitalheight.com capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)6615050

WEEKLY UPCOMING EVENTS Date

DCurrency

Events

7 Sep

USD

Bank Holiday

9 Sep

USD

10 Sep

11 Sep

Forecast

Previous

JOLTS Job Openings

5.30M

5.25M

USD

Unemployment Claims

279K

282K

USD

Import Prices m/m

-0.017

-0.009

USD

Crude Oil Inventories

-

4.7M

USD

PPI m/m

-0.001

0.002

USD

Core PPI m/m

0.001

0.003

USD

Prelim UoM Consumer Sentiment

91.8

91.9

www.capitalheight.com capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)6615050

MARKET WRAP GOLD Last week Gold edged up in initial part of the week as turbulence in global stocks and fears of an economic downturn in China but ended with negative note due to stronger dollar and gains in equity markets tempered investor appetite for the haven asset.

In Previous week MCX Gold were down by 0.34% and settled at INR 26532 while COMEX gold closed with 1.07% downside. In coming week we can expect bearish movment in Gold if sustain below the level of 26800 then it can test the level of 26300-25900.

Weelky Pivot Levels COMMODITY GOLD

R4 R3 R2 R1 P S1 S2 S3 S4 28698 28007 27316 26924 26625 26233 25934 25243 24552

Outlook Trend:

Consolidate

Resistance:

26930, 27310

Support:

26240, 25930

Strategy:

Sell on highs

www.capitalheight.com capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)6615050

SILVER Last week MCX Silver tracked international market and traded sideways with slightly bullish sentiments but remained within the range of previous week due Chinese economy conern and downturn in global stocks.

MCX Silver were up by 2.93% last week and settled at INR 35388 while COMEX Silver closed at USD 14.57 with 0.34% upside. For the coming week we can expect downside movment in MCX Silver and can test the level of 34000-33300 if it sustain below 36200.

Weelky Pivot Levels

COMMODITY SILVER

R4

R3

R2

R1

P

S1

S2

S3

S4

40042 38415 36788 36088 35161 34461 33534 31907 30280

Outlook Trend:

Consolidate

Resistance:

36090, 36780

Support:

34460, 33530

Strategy:

Sell on highs

www.capitalheight.com capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)6615050

CRUDE OIL Last week U. S. Crude Oil prices traded upside despite of rise in crude oil production. Crude oil inventory rose by 4.7M which is the biggest rise in nearly five months and expected to trade volatile as China dropped the ceiling price of gasoline by 125 yuan.

MCX Crude Oil up by 3.49% last week and settled at INR 3110 while NYMEX Crude closed at USD 46.01 with 3.77% upside. For the coming week we can expect upside movment in MCX Crude Oil if it sustains above the level of 3050 then it may test the level of 3150-3300.

Weelky Pivot Levels

COMMODITY CRUDE OIL

R4 4223

R3 3843

R2 3463

R1 3286

P 3083

S1 2906

S2 2703

S3 2323

S4 1943

Outlook Trend:

Consolidate

Resistance:

3280, 3460

Support:

2910, 2700

Strategy:

Buy on dips

www.capitalheight.com capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)6615050

COPPER Last week Copper was volatile and closed with strong positive note on Friday ahead of strong U.S. economic events such as trade balance, ISM Nonmanufacturing PMI, Average Hourly Earning and reduced unemployement rate.

MCX Copper prices up with 1.51% last week and closed at INR 347.50 while COMEX Copper closed at USD 232 with 0.4% upside. Next week we can expect slightly bullish movment in MCX Copper and it can test the level of 354-362 levels if it sustain above 342.

Weelky Pivot Levels

COMMODITY COPPER

R4 423

R3 397

R2 371

R1 359

P 345

S1 333

S2 319

S3 294

S4 268

Outlook Trend:

Consolidate

Resistance:

359, 370

Support:

333, 320

Strategy:

Buy in dips

www.capitalheight.com capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)6615050

Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Money CapitalHeight Research Investment Advisors Pvt. Ltd. recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money CapitalHeight Research Investment Advisors Pvt. Ltd. shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NCDEX. The commodity price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Money CapitalHeight Research Investment Advisors Pvt. Ltd might be holding positions in the commodity recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Money CapitalHeight Research Investment Advisors Pvt. Ltd does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

www.capitalheight.com capitalheight.wordpress.com


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.