Commodity Research Report 12 March 2019 Ways2Capital by Ways2Capital

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

Market Wrap-Up MCX Market Wrap-Up Commodity

Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Aluminium

29-Mar-19

149.40

148.90

143.60

144.55

-3.25%

-20.40%

-20.10%

Copper

30-Apr-19

462.65

462.00

462.65

447.20

450.15

-2.70%

-17.01%

-18.56%

Crude Oil

19-Mar-19

3,973

3,990

4,050

3,823

3,886

-2.19%

-5.34%

9.03%

Gold

05-Apr-19

32640

32550

31777

32167

-1.45%

-16.32%

-3.46%

Lead

29-Mar-19

152.1

151.50

145.65

145.9

-4.08%

-32.37%

20.70%

Natural Gas

26-Mar-19

202.90

205.50

197.50

201.20

-0.84%

-25.37%

2.02%

Nickel

29-Mar-19

935.20

939.70

969.00

912.30

914.20

-2.25%

-19.67%

15.69%

Silver

03-May-19

38301

38199

38799

37701

38728

1.11%

-12.92%

-3.67%

Zinc

29-Mar-19

199.60

198.00

198.75

189.15

191.45

-4.08%

-6.25%

-10.46%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

19-Mar-19

5248.00

5242.00

5308.00

5136.00

5308.00

1.14%

177.22%

1.77%

Chana

19-Mar-19

4116.00

4167.00

4085.00

4114.00

-0.05%

32.31%

6.86%

Dhaniya

16-Apr-19

6201.00

6200.00

6460.00

6150.00

6420.00

3.53%

84.77%

-3.26%

COCUDAKL

19-Mar-19

1937.00

1938.00

1981.50

1938.00

1957.50

1.06%

45.59%

2.51%

Guargum5

18-Jan-19

8375.00

8385.00

8648.00

8265.00

8619.00

2.91%

251.37%

-6.78%

Guarseed10

18-Jan-19

4225.00

4240.00

4319.00

4181.00

4319.00

2.22%

141.06%

-5.02%

Jeera

19-Mar-19

15565.00 15600.00

15715.00 15365.00 15715.00

0.96%

163.48%

-4.09%

RMseed

16-Apr-19

3842.00

3832.00

3869.00

3802.00

3846.00

0.10%

35.53%

9.30%

Ref Soya Oil

19-Mar-19

762.70

762.50

767.50

758.10

762.20

-0.07%

34.51%

-0.92%

Soyabean

19-Mar-19

3649.00

3640.00

3718.00

3640.00

3661.00

0.33%

0.42%

-4.85%

Turmeric

16-Apr-19

6314.00

6322.00

6458.00

6320.00

6400.00

1.36%

-32.37%

0.07%

Mentha Oil

29-Mar-19

1611.50

1644.00

1587.60

1633.00

1.33%

33.34%

14.29%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

27-Mar-19

71.1300

71.1700

69.9500

70.2900

-1.18%

GBPINR

27-Mar-19

94.3000

94.3800

91.7100

92.0800

-2.35%

JPYINR

27-Mar-19

63.7200

63.7800

62.8800

63.3400

-0.60%

EURINR

27-Mar-19

81.0800

81.1700

78.5600

79.0000

-2.57%

Currency Pair

Continued…….

12/03/2019

Market Wrap-Up International Market Wrap-up Commodity

Exchange

Previous Close

Open

High

Low

% Change in Price

Aluminium

LME

1900.75

1850.25

1900.75

1836.25

1845.25

-2.92%

Copper

COMEX

2.926

2.933

2.950

2.877

2.894

-1.09%

Crude Oil

NYMEX

55.77

55.83

57.19

54.52

56.07

0.54%

Gold

COMEX

1294.45

1294.40

1301.30

1280.80

1299.30

0.37%

Lead

LME

2137.50

2139.25

2152.75

2082.75

2089.75

-2.23%

NYMEX

2.849

2.845

2.896

2.812

2.865

0.56%

Nickel

LME

13172.50

13217.50

13757.50

13060.00

13082.50

-0.68%

Silver

COMEX

15.155

15.225

15.385

14.985

15.349

1.28%

Zinc

LME

2777.750

2783.50

2803.75

2684.50

2717.250

-2.18%

Natural Gas

12/03/2019

Inventory Updates LME Inventory Closing (As on 8th Mar 19) In tones

Closing (As on 1st Mar 19) in tones

% Change in Price

Aluminium

1229000

1219700

0.76%

Copper

120075

128475

-6.54%

Lead

76675

77050

-0.49%

Nickel

194622

106932

82.01%

Zinc

61000

65100

-6.30%

Commodity

Continued…….

12/03/2019

Inventory Updates

12/03/2019

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

Monday, March 11, 2019 4:30

USD

Fed Chair Powell Speaks

18:00

USD

Core Retail Sales (MoM) (Jan)

0.40%

-1.80%

18:00

USD

Retail Sales (MoM) (Jan)

0.00%

-1.20%

Tuesday, March 12, 2019 4:30

USD

Fed Chair Powell Speaks

15:00

GBP

GDP (MoM)

-0.40%

15:00

GBP

Manufacturing Production (MoM) (Jan)

0.20%

-0.70%

15:00

GBP

Monthly GDP 3M/3M Change

0.20%

0.40%

18:00

USD

Core CPI (MoM) (Feb)

0.20%

Tentative

GBP

UK Parliament vote on Brexit deal

Wednesday, March 13, 2019 Tentative

GBP

UK Parliament vote on No Brexit Deal

Tentative

GBP

Annual Budget Release

18:00

GBP

Spring Forecast Statement

18:00

USD

Core Durable Goods Orders (MoM) (Jan)

0.10%

18:00

USD

PPI (MoM) (Feb)

0.20%

-0.10%

20:00

USD

Crude Oil Inventories

1.203M

7.069M

Thursday, March 14, 2019 7:30

CNY

Industrial Production (YoY) (Jan)

5.50%

5.70%

19:30

USD

New Home Sales (Jan)

622K

621K

7.220M

7.335M

Friday, March 15, 2019 19:30

USD

JOLTs Job Openings (Jan)

Currency Weekly Pivots Currency Pair

Contract

USDINR

27-Mar-18

72.9500

71.7000

71.0000

70.4700

69.7500

69.2500

68.0000

GBPINR

27-Mar-18

98.1000

95.4000

93.7500

92.7233

91.0500

90.0500

87.3500

JPYINR

27-Mar-18

65.1500

64.2500

63.8000

63.3333

62.8500

62.4000

61.5000

EURINR

27-Mar-18

84.8000

82.2000

80.6000

79.5767

77.9500

76.9500

74.3500 Continued…….

12/03/2019

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

29-Mar-19

156.30

151.00

147.80

145.68

142.45

140.35

135.05

Copper

30-Apr-19

484.25

468.80

459.50

453.33

444.00

437.85

422.40

Crude Oil

19-Mar-19

4374

4147

4016

3920

3789

3693

3466

Gold

05-Apr-19

33711

32938

32552

32165

31779

31392

30619

Lead

29-Mar-19

159.40

153.55

149.75

147.68

143.85

141.80

135.95

Natural Gas

26-Mar-19

217.40

209.40

205.30

201.40

197.30

193.40

185.40

Nickel

29-Mar-19

1045.25

988.55

951.40

931.83

894.65

875.10

818.40

Silver

03-May-19

40605

39507

39118

38409

38020

37311

36213

Zinc

29-Mar-19

212.35

202.75

197.10

193.12

187.45

183.50

173.90

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

19-Mar-19

5595

5423

5365

5251

5193

5079

4907

Chana

19-Mar-19

4286

4204

4159

4122

4077

4040

3958

Dhaniya

16-Apr-19

6963

6653

6537

6343

6227

6033

5723

COCUDAKL

19-Mar-19

2046.00

2002.50

1980.00

1959.00

1936.50

1915.50

1872.00

Guargum5

16-Apr-19

9791

9219

8907

8647

8335

8075

7503

Guarseed10

16-Apr-19

4816.70

4570.70

4439.35

4324.67

4193.30

4078.65

3832.65

Jeera

19-Mar-19

16298

15948

15832

15598

15482

15248

14898

RMseed

16-Apr-19

3987

3918

3880

3849

3811

3780

3711

Ref Soya Oil

19-Mar-19

781.40

772.00

767.10

762.60

757.70

753.20

743.80

Soyabean

19-Mar-19

3829

3751

3706

3673

3628

3595

3517

Turmeric

16-Apr-19

6669

6531

6465

6393

6327

6255

6117

Mentha Oil

29-Mar-19

1734.4

1678.0

1655.5

1621.5

1599.1

1565.1

1508.7

12/03/2019

MCX Fundamentals BULLION

Gold in the European market settled on Monday near the highest in a week supported by the decline of the US dollar against a basket of currencies and thanks to this decline prices on Friday gained the biggest daily profit in the last three weeks.Gold prices rose 1.0% on Friday the first gain in three days with the biggest daily gain in three weeks and the highest in a week at $1,300.73 an ounce based on the decline of the dollar after disappointing job data in the United States..

BASE METALS

Copper stabilized during the day as the dollar steadied against most major currencies and upon the outcome of trade negotiations between the USA and China. Although there have been positive developments in the trade talks between Washington and Beijing, markets are still waiting for any concrete results for a trade deal or agreement.

ENERGY Oil prices rose in the European market on Monday to bounce from the lowest level in three registered weeks on Friday this rise comes after the Saudi statements about the exclusion of stops OPEC cuts before June comes, in addition to the decline in drilling and exploration rigs in the United States for the third consecutive week.

12/03/2019

NCDEX Fundamentals SPICES Technically Jeera market is under short covering as market has witnessed drop in open interest by 0.15% to settled at 4062 while prices up 75 rupees. Now NCDEX Jeera is getting support at 15237 and below same could see a test of 15153 level, And resistance is now likely to be seen at 15377, a move above could see prices testing 15433.

OILSEEDS Technically Ref. Soya Oil market is under fresh buying as market has witnessed gain in open interest by 5.45% to settled at 47190 while prices up 1.25 rupees. Now NCDEX Ref. Soya Oil is getting support at 738 and below same could see a test of 735 level And resistance is now likely to be seen at 744, a move above could see prices testing 747.

GUAR COMPLEX A demand spurt from millers and exporters and a simultaneous supply deficit are likely to firm up Guar futures in the short term analysts and traders said. Supply of Guar in man dis is short but demand from exporters is still there and likely to continue in the coming months. Guar prices have started rising and are expected to remain firm said Damodar Prasad Saraswat a trader from the Jodhpur man dis in Rajasthan.

OTHERS Technically Mustard Seed market is under short covering as market has witnessed drop in open interest by 9.18% to settled at 20180 while prices up 22 rupees.Now NCDEX Mustard Seed is getting support at 3818 and below same could see a test of 3789 level And resistance is now likely to be seen at 3872 a move above could see prices testing 3897.Technically Turmeric market is under short covering as market has witnessed drop in open interest by 2.11% to settled at 10230 while prices up 70 rupees. 9

12/03/2019

Calls of the Week (MCX) CRUDEOIL Last week, CRUDEOIL MAR Futures started the week on positive note but it failed to maintain it and all the gain were erase. It made a low of 3823 during the week and closed at 3886 with the overall lose of 2.15% on weekly basis .Technically it is consolidating and given trendline breakout on daily chart. For this week, Traders can adopt selling on the basis of trendline breakout strategy and below the level of 3820 it can test the level of 3700 during the week .Traders can make sell position in it by maintaining a stop loss of 3890.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 3820

Target

3700

3890

LEAD Last week, LEAD MAR Futures started the week on negative note and countinue the same .It made a low of 145.65 during the week and closed at 145.90 with the overall lose of 4.07% on weekly basis.Technically it given pullback on daily chart and also given pullback from 61.80% of fibonacci retracement. For this week, Traders can adopt buying on the basis of technical pattern and above the level of 148.10 it can test the level of 150.50 during the week.Traders can make buy position in it by maintaining a stop loss of 146.70

WEEKLY STRATEGY PARTICULAR

Action Entry Range

DETAILS

Buy Above 148.10

Target

150.50

146.70

12/03/2019

Calls of the Week (NCDEX) SOYABEAN Overall trend of the commodity is sideways for long term . For short term it is bearish phase. Last week, it started on negative note and showed bearish movement throughout the week . On daily chart it is trading below its major support levels 3700. In intraday it has showed god selling from higher levels. If it manages to sustain below the levels of 3700 than further downside move can be seen in it. For this week, traders can adopt sell on higher level strategy in it and below the level of 3685 it can test the level of Rs. 3565 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs.3755.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 3685

Target

3565

3755

GUARSEED

Overall trend of the commodity is sideways for long term . For short term it is bullish phase. Last week, it started on positive note and showed bullish movement throughout the week . On daily chart it has formed double bottom price pattern and trading above its major resistance levels 4300. If it manages to sustain above the levels of 4365 than further upside move can be seen in it. For this week, traders can adopt buy on lower level strategy in it and above the level of 4365 it can test the level of Rs. 4485 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.4295.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 4365

Target

4485

4295

12/03/2019

Calls of the Week (FOREX) JPYINR Last week, JPYINR Mar Futures started the week on negative note and continued the same for the entire week. It made a low of 62.8775 during the week and closed at 63.3150 with the overall loss of 0.63% on weekly basis. Technically it’s sustaining near to the major psychological support level of 63.0000 with the negative RSI and for this week, we can expect further downside movement in it. For this week, Traders can adopt selling on the basis of support level breakout strategy in it and below the level of 63.1500 it can test the level of 62.7525 during the week. Traders can make sell position in it by maintaining a stop loss of 63.4525

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 63.1500

Target

62.7525

63.4525

GBPINR Last week, GBPINR Mar Futures started the week on negative note and continued the same for the entire week. It made a low of 91.7050 during the week and closed at 92.0250 with the overall loss of 2.41% on weekly basis. Technically it’s in sharp bearish trend and also broke the major support level of 91.50 during the week. For this week, we can further downside movement in it. For this week, Traders can adopt selling on the basis of support level breakout strategy in it and below the level of 91.0500 it can test the level of 90.5525 during the week. Traders can make sell position in it by maintaining a stop loss of 91.4050.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 70.8800

Target

70.4125

71.2225

12/03/2019

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हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी कंऩननमां अनुसंधान रयऩोटा भें शालभर कंऩननमों के साथ कायोफाय नहीं कयती हैं औय न ही ककसी बी तयह के उत्ऩादों / प्रनतबूनतमों के जायीकताा के साथ जुडी हैं, जो मह सुननक्श्चत कयता है कक टहतों के लरए कोई वास्तववक मा संबाववत संघषा नहीं है | ननमाभक ननकाम के अनुऩारन को सुननक्श्चत कयने के लरए हभने मह तम ककमा है कक कंऩनी औय उसके कोई बी प्रनतननधध फाज़ाय भें ट्रे ड नहीं कयें गे।

Clients are advised to consider information provided in the report as opinion only & make investment decision of their own. Clients are also advised to read & understand terms & conditions of services published on website. No litigations have been filed against the company since the incorporation of the company by regulatory body.

ग्राहकों को मह सराह दी जाती है कक वे रयऩोटा भें दी गई जानकायी को केवर याम के रूऩ भें दे खें औय ननवेश के लरए स्वमं पैसरा कयें | ग्राहकों को वेफसाइट ऩय प्रकालशत सेवाओं के ननमभों औय शतों को ऩढ़ने औय सभझने की बी सराह दी जाती है | कंऩनी के ननगभन के फाद ननमाभक ननकाम द्वायाकंऩनी के खखराप कोई भुकदभा (माधचका) दामय नहीं ककमा गमा है।

DISCLOSURE APPENDIX (प्रकटीकयण ऩरयलशष्ट ) : The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt. Ltd. All the views expressed in this report herein accurately reflects personal views about the subject company or companies & their securities and no part of compensation was, is or will be directly or indirectly related to the specific recommendations or views contained in this research report. रयऩोटा ववश्रेषकों द्वाया तैमाय की गमी है जो द्वाया हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड द्वाया ननमुवत हैं | इस रयऩोटा भें व्मवत सबी ववचाय कंऩनी के फाये भें व्मक्वतगत ववचायों को दशााता है औय कंऩननमों औय उनकी प्रनतबूनतमां औय ऺनतऩूनता (भुआवजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सुझावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफंधधत नहीं होगा।

DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (टहतों के संघषा के भाभरे भें प्रकटीकयण ): (a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no financial interest in the subject company and the nature of such financial interest; (अ) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी भें कोई ववत्तीम रुधच नहीं है औय न ही इस तयह की ववत्तीम टहत की प्रकृनत है|

(b) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of one percent or more in the securities of the subject company, (ब)

हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी की प्रनतबूनतमों भें एक प्रनतशत मा उससे अधधक के वास्तववक / पामदे भंद

स्वालभत्व नहीं हैं |

High Brow Market Research Pvt. Ltd. or its associate has no other material conflict of interest at the time of publication of the research report or at the time of public appearance; हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं है |

DISCLOSURE IN TERMS OF COMPENSATION ( ऺनतऩनू ता के संदबा भें प्रकटीकयण): High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst's area of coverage. Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd. हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कंऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है। ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड के वेतन आधारयत स्थामी कभाचायी है |

DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के भाभरे भें प्रकटीकयण ) : (a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months; (अ) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने

वऩिरे 12 भहीनों भें ववषम कंऩनी से कोई भुआवजा प्राप्त नहीं ककमा है |

(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report. (ब) अनुसंधान रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कंऩनी अफ मा कबी बी ग्राहक नहीं यही है।

(c ) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company; (स) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने

ववषम कंऩनी के अधधकायी, ननदे शक मा कभाचायी के रूऩ भें कबी बी काभ

12/03/2019