MCX Tips | Share Market Tips | Intraday Tips | NSE BSE Tips

Page 1

Daily Newsletter Newsletter-Commodity 30/09/2010

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

MARKET WRAP Gold hits 10th record peak in 12 days Silver climbs to 30-year peak Oil hovered above $77 a barrel on Wednesday The dollar fell for a fourth consecutive session Copper rose above the key $8,000 a tonne

Gold hit its 10th record high in 12 trading days on Wednesday as investors worried that aggressive measures by the Federal Reserve to prop up the U.S. economy could undermine the dollar and spark inflation. Oil hovered above $76 a barrel on Wednesday, paring losses after U.S. government data showed crude and oil products stocks fell last week.

ECONOMIC CALENDAR Date

Time

Currency

Thu Sep 30

1:25pm

EUR

2:30pm

Economic Data

Forecast Previous -20K

-17K

EUR

German Unemployment Change Italian Prelim CPI m/m

0.0%

0.2%

6:00pm

USD

Unemployment Claims

458K

465K

6:00pm

USD

Final GDP q/q

1.6%

1.6%

6:00pm

USD

Final GDP Price Index q/q

1.9%

1.9%

7:15pm

USD

Chicago PMI

56.0

56.7

7:30pm

USD

8:00pm

USD

Fed Chairman Bernanke Testifies Natural Gas Storage

68B

73B

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

TECHNICAL VIEW GOLD(OCT) Trend Strategy

• Bullish • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -19480 • R1 -19250

Resistance

• R2 - 34250 • R1 - 33380

support

• S1 -19040 • S2 -18850

support

• S1 - 32550 • S2 - 31580

COPPER(NOV) Trend Strategy

• Consolidate • Buy on dips

CRUDE(OCT)) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 372 • R1 - 364

Resistance

• R2 - 3580 • R1 - 3510

support

• S1 - 357 • S2 - 348

support

• S1 - 3410 • S2 - 3330

NATURALGAS(OCT) Trend Strategy

• Consolidate • Sell on high

LEAD(SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 193 •R1 - 184

Resistance

• R2 - 106.3 • R1 - 102.5

support

•S1 - 176 •S2 - 167

support

• S1 - 99.5 •S2 - 96.8

ZINC(SEP) Trend Strategy

• Consolidate • Sell on higher

NICKEL(SEP) NICKEL(SEP Trend Strategy

• Consolidate • Sell on dips

Resistance

•R2 - 102.5 •R1 - 99.8

Resistance

•R2 - 1083 •R1 - 1053

support

•S1 - 96.8 •S2 - 94.7

support

•S1 - 1025 •S2 - 995

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 106.5 •R1 - 104.2

support

•S1 - 102.2 •S2 - 99.5

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 rial 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 made investment advice. Capitalheight recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall shal not be responsible for any transaction conducted based on the info information rmation given in this report, which is in violation of rules and regulations of MCX and NCDEX. The metals 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 Capitalheight might be holding positions in the stocks 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 expresse expressed d 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 h 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. Capitalheight 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


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.