Commodity Research Report 09 October 2018 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

31-Oct-18

149.40

149.45

167.80

149.45

157.70

5.56%

64.27%

-5.86%

Copper

30-Nov-18

452.95

451.00

469.35

446.40

456.55

0.79%

15.98%

0.66%

Crude Oil

19-Oct-18

5,335

5,344

5,669

5,325

5,546

3.96%

28.92%

-14.87%

Gold

05-Dec-18

30780

30751

31670

30683

31643

2.80%

-32.94%

17.18%

Lead

31-Oct-18

148.25

151.75

146.65

147.9

-0.24%

-7.08%

18.93%

Natural Gas

26-Oct-18

218

219.7

240.4

219.7

232.7

6.74%

35.67%

13.01%

Nickel

31-Oct-18

913.30

913.10

959.50

901.20

940.20

2.95%

-13.18%

-40.34%

Silver

05-Dec-18

38577

38500

39360

38055

39274

1.81%

-28.27%

-2.32%

Zinc

31-Oct-18

191.80

200.35

190.40

197.95

3.21%

-37.34%

-16.94%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

16-Oct-18

4672.00

4680.00

4690.00

4566.00

4654.00

-0.39%

74.91%

-7.53%

Chana

16-Oct-18

4094.00

4121.00

4239.00

4096.00

4225.00

3.20%

-9.92%

-8.76%

Dhaniya

16-Oct-18

4862.00

4832.00

4889.00

4810.00

4839.00

-0.47%

-28.72%

-5.88%

COCUDAKL

20-Dec-18

1659.50

1658.00

1709.00

1632.00

1706.00

2.80%

53.31%

-6.40%

Guargum5

16-Oct-18

9242.00

9260.00

9280.00

9069.00

9112.00

-1.41%

-39.96%

0.50%

Guarseed10

16-Oct-18

4310.00

4309.00

4317.00

4191.00

4227.50

-1.91%

-33.17%

-30.05%

Jeera

16-Oct-18

18770.00 18725.00

19250.00 16865.00 19195.00

2.26%

45.34%

-1.89%

RMseed

16-Oct-18

4181.00

4174.00

4175.00

4109.00

4117.00

-1.53%

86.98%

-11.04%

Ref Soya Oil

16-Oct-18

746.50

744.10

756.75

739.00

752.85

0.85%

22.91%

11.40%

Soyabean

16-Oct-18

3249.00

3220.00

3268.00

3162.00

3240.00

-0.28%

142.01%

1.10%

Turmeric

16-Oct-18

6734.00

6702.00

6964.00

6642.00

6946.00

3.15%

-49.36%

10.36%

Mentha Oil

31-Oct-18

1680.80

1669.80

1756.00

1647.00

1716.50

2.12%

-7.90%

-8.56%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

29-Oct-18

72.7625

72.9150

74.4475

72.8275

74.0125

1.72%

GBPINR

29-Oct-18

95.0175

95.0600

97.0825

94.9050

96.5775

1.64%

JPYINR

29-Oct-18

64.3000

64.1200

65.4550

64.0600

65.0675

1.19%

EURINR

29-Oct-18

84.4525

84.8025

85.6925

84.6125

85.2750

0.97%

Currency Pair

Continued…….

08/10/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

2053.00

2054.25

2266.75

2047.25

2117.50

3.14%

Copper

COMEX

2.787

2.783

2.840

2.745

2.759

-1.00%

Crude Oil

NYMEX

73.25

73.29

76.90

72.95

74.29

1.42%

Gold

COMEX

1196.20

1191.60

1206.00

1185.80

1206.70

0.88%

Lead

LME

2032.00

2040.75

2067.75

1977.75

1989.00

-2.12%

NYMEX

3.008

3.007

3.261

3.001

3.155

4.89%

Nickel

LME

12547.50

12525.00

12985.00

12322.00

12662.50

0.92%

Silver

COMEX

14.623

14.350

14.740

14.350

14.680

0.39%

Zinc

LME

2596.25

2593.75

2728.00

2569.50

2625.25

1.12%

Commodity Aluminium

Natural Gas

08/10/2018

Inventory Updates LME Inventory Closing (As on 5th Oct 18) In tones

Closing (As on 28th Sep 18) in tones

% Change in Price

Aluminium

974075

994625

-2.07%

Copper

188950

209900

-9.98%

Lead

114600

116300

-1.46%

Nickel

228090

228870

-0.34%

Zinc

203675

203650

0.01%

Commodity

Continued…….

08/10/2018

Inventory Updates

08/10/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

51.5

Monday, October 8, 2018 7:15

CNY

Caixin Services PMI (Sep) Tuesday, October 9, 2018

4:31

GBP

BRC Retail Sales Monitor (YoY) (Sep)

0.20%

Wednesday, October 10, 2018 14:00

GBP

GDP (MoM)

0.30%

14:00

GBP

Industrial Production (MoM) (Aug)

0.10%

14:00

GBP

Manufacturing Production (MoM) (Aug)

0.10%

-0.20%

14:00

GBP

Trade Balance (Aug)

-10.90B

-9.97B

14:00

GBP

Trade Balance Non-EU (Aug)

-3.10B

-2.80B

18:00

USD

Core PPI (MoM) (Sep)

0.20%

-0.10%

18:00

USD

PPI (MoM) (Sep)

0.20%

-0.10%

Tentative

GBP

NIESR GDP Estimate

0.60% Thursday, October 11, 2018

4:31

GBP

RICS House Price Balance (Sep)

16:50

USD

OPEC Monthly Report

18:00

USD

Core CPI (YoY) (Sep)

2.30%

2.20%

18:00

USD

Core CPI (MoM) (Sep)

0.20%

0.10%

18:00

USD

CPI (MoM) (Sep)

0.20%

18:00

USD

Initial Jobless Claims

206K

207K

20:30

USD

Crude Oil Inventories

7.975M

23:30

USD

Federal Budget Balance

-214.0B

Friday, October 12, 2018 18:00

USD

Export Price Index (MoM) (Sep)

0.20%

-0.10%

18:00

USD

Import Price Index (MoM) (Sep)

0.20%

-0.60%

Tentative

CNY

Exports (YoY) (Sep)

9.10%

9.80%

19:30

USD

Michigan Consumer Expectations (Oct)

90.5

Tentative

CNY

Imports (YoY) (Sep)

15.00%

19.90%

Tentative

CNY

Trade Balance (USD) (Sep)

21.00B

27.89B

Currency Weekly Pivots Currency Pair

Contract

USDINR

29-Oct-18

77.0000

75.3500

74.6500

73.7500

73.0500

72.1500

70.5000

GBPINR

29-Oct-18

100.5500

98.4000

97.5000

96.2000

95.3000

94.0000

91.8500

JPYINR

29-Oct-18

67.6500

66.2500

65.6500

64.8500

64.2500

63.4500

62.0500

EURINR

29-Oct-18

87.3500

86.3000

85.8000

85.2000

84.7000

84.1000

83.0500 Continued…….

08/10/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Oct-18

195.00

176.65

167.15

158.30

148.80

139.95

121.60

Copper

30-Nov-18

503.35

480.40

468.50

457.45

445.55

434.50

411.55

Crude Oil

19-Oct-18

6201

5857

5702

5513

5358

5169

4825

Gold

05-Dec-18

33306

32319

31981

31332

30994

30345

29358

Lead

31-Oct-18

158.95

153.85

150.85

148.75

145.75

143.65

138.55

Natural Gas

26-Oct-18

272.35

251.65

242.20

230.95

221.50

210.25

189.55

Nickel

31-Oct-18

1050.25

991.95

966.10

933.65

907.80

875.35

817.05

Silver

05-Dec-18

41506

40201

39738

38896

38433

37591

36286

Zinc

31-Oct-18

216.15

206.20

202.10

196.25

192.15

186.30

176.35

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

16-Oct-18

4885

4761

4707

4637

4583

4513

4389

Chana

16-Oct-18

4473

4330

4277

4187

4134

4044

3901

Dhaniya

16-Oct-18

5004

4925

4882

4846

4803

4767

4688

COCUDAKL

20-Dec-18

1836.35

1759.35

1732.70

1682.35

1655.70

1605.35

1528.35

Guargum5

16-Oct-18

9576

9365

9238

9154

9027

8943

8732

Guarseed10

16-Oct-18

4497.15

4371.15

4299.30

4245.15

4173.30

4119.15

3993.15

Jeera

16-Oct-18

23207

20822

20008

18437

17623

16052

13667

RMseed

16-Oct-18

4266

4200

4158

4134

4092

4068

4002

Ref Soya Oil

16-Oct-18

785.05

767.30

760.10

749.55

742.35

731.80

714.05

Soyabean

16-Oct-18

3435

3329

3285

3223

3179

3117

3011

Turmeric

16-Oct-18

7495

7173

7059

6851

6737

6529

6207

Mentha Oil

31-Oct-18

1924.5

1815.5

1766.0

1706.5

1657.0

1597.5

1488.5

08/10/2018

MCX Fundamentals BULLION

Gold prices held steady early Friday as investors remained cautious after U.S. Treasury yields hit multi year peaks and ahead of monthly employment data which if stronger could boost the Federal Reserves case for a tighter monetary policy. Spot gold was flat at $1,199.20 an ounce at the time of writing. Spot gold was on track to gain 0.6 percent for the week which would mark its biggest weekly gain since the week of Aug. 24. U.S. gold futures rose 0.1 percent to $1,202.90 an ounce.

BASE METALS

London aluminium held its ground on Friday as worries over an alumina shortage stoked cost inflation concerns sending prices towards the biggest weekly gain in nearly six months. London Metal Exchange (LME) aluminium was little changed at $2,167 a tonne down just 0.1 percent after hitting its loftiest since June at $2,267 the session before. Prices were on track for a 5.8 percent weekly rise the biggest since April.

ENERGY Oil prices rose on Friday as traders focused on U.S. sanctions against Iran's crude exports that are set to start next month to tighten global markets. The gains helped claw back some of the losses from the previous session due to rising U.S. inventories and after Saudi Arabia and Russia said they would raise output to at least partly make up for expected disruptions from Iran. The government announced a 10 percent hike in price of domestic natural gas a move that will translate into higher CNG price and increased cost of electricity and urea production.

08/10/2018

NCDEX Fundamentals SPICES Markets found some immediate support at these lower levels for Jeer. Reports from Gujarat indicate a below normal rain to adversely affect the sowing starting later this month. As sowing seasons starts in a months time from now rains in Gujarat and Rajasthan would be critical for the moisture content in the soil for improved sowing. Turmeric started getting some immediate strong support at these lower levels after the recent massive fall in pricesfactors could provide support to the prices that have fallen a lot.

OILSEEDS Mentha hit the upper circuit as strong fundamentals ruled the commodity. Rising export demand amidst adverse reports on the production front are likely to support prices in coming weeks. Winter season demand is expected to pick up over the next few months on the domestic as well as the export front.Strength in global markets and domestic soy bean was bullish for soya oil but ahead of Indian/US harvest season of the soy bean crop not much of upside is expected in edible oils especially soya oil.

GUAR COMPLEX Prospects of fall in sowing area amidst reports of crop damage in Rajasthan shall support prices in longer run. Rains in Rajasthan had earlier adversely affected market sentiments leading to some fall in rates. However with low rains reported in West Rajasthan and excess rains reported in East Rajasthan market sources believe both these factors to be damaging for the crop.

OTHERS Indian production of soy beans for 2018/19 is expected 300,000 tons lower this month to 10.5 million. At 11.2 million hectares the area sown by Indian farmers this year was less than anticipated. The domestic crush for soy bean is forecast unchanged though so the crop reduction may repeat a low level of season ending stocks in India. RM seed futures at NCDEX have stabilized in recent weeks after impact of NAFED selling has been discounted completely. Incoming months the projected decline in domestic mustard's sowing area versus last year will be seen as a key bullish fundamental in broader term. 9

08/10/2018

Calls of the Week (MCX) COPPER Last week Copper made a high of 469.35 and closed at 456.55 with overall marginal gain of 0.79% on weekly basis. And we can see from last couple trading weeks copper is trading in sideways trading channel with negative RSI and on its four hourly chart Copper is forming lower highs formation indicating negative trend in it. For this week, if it breaks the level of 450 on the lower side then it can test the level of 440 during the week. One can make sell position in it by maintaining a SL at 456.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 450

Target

440

456

LEAD From last couple of trading weeks lead is trading in tight range of 150 to 147 and forming sideways trading range. On its daily chart RSI moving in positive territory and printing above the level of 50 indicating short term positive movement in it. Last week Lead made a high of 151.75 and closed at 147.90 with overall marginal loss of 0.24% on weekly basis. For this week, if it breaks the level of 147 on the upper side then it can test the level of 150.50 during the week. One can make buy position in it by maintaining a SL at 145.90.

WEEKLY STRATEGY PARTICULAR

Action Entry Range

DETAILS

Buy Above 147

Target

150.50

145.90

08/10/2018

Calls of the Week (NCDEX) DHANIYA Last week Dhaniya started a week on negative note but found enough support near the level of 5000 and getting bounce back from lower level indicating strong support zone near the level of 5000. On its daily chart dhaniya is forming higher highs and higher lows formation indicating positive trend in it. For this week, if it breaks the level of 5060 on the upper side then it can test the level of 5195 during the week. One can make buy position in it by maintaining a SL at 5007.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Below 5060

Target

5195

5007

RMSEED From last couple of trading weeks RMSEED is trading with negative sentiment and forming lower highs and lows formation on its daily chart indicating bearish trend in it. On its 4 hourly chart RSI is trading in negative territory and printing below the level of 50 indicating short term negative movement in it. Last week RMSEED made a low of 4109 and closed at 4117 with overall marginal loss of 1.53% on weekly basis. For this week, if it breaks the level of 4170 on the lower side then it can test the level of 4040 during the week. One can make sell position in it by maintaining a SL at 4225.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Above 4170

Target

4040

4225

08/10/2018

Calls of the Week (FOREX) JPYINR On its daily hourly chart JPYINR recently broken its downtrend channel and forming reversal formation on lower levels indicating short term bounce back in it. Last week JPYINR made a high of 65.4550 and closed at 65.0675 with overall marginal gain of 1.19% on weekly basis. On its daily chart market is supported by the level of 64.0000 and RSI still indicating positive movement in it. For this week, if it breaks the level of 65.4600 on the upper side then it can test the level of 65.9800 during the week. One can make buy position in it by maintaining a SL at 65.0975.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Below 65.4600

Target

65.9800

65.0975

USDINR The primary trend of USDINR is bullish on chart and from last couple of trading weeks USDINR is trading with positive sentiment with positive RSI. Last week USDINR made a high of 74.4475 and closed at 74.0125 with overall marginal gain of 1.72% on weekly basis. As last week we already USDINR broken its bullish flag pattern and sustaining above it indicating bullish trend this week also. For this week, if it breaks the level of 74.4500 on the upper side then it can test the level of 74.9800 during the week. One can make buy position in it by maintaining a SL at 74.0475.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 74.4500

Target

74.9800

74.0475

08/10/2018

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इक्ववटी / कभोडडटी फाजाय भें कोई बी ननवेश जोखखभ के अधीन होता है, कंऩनी इन सुझावों ऩय ककए गए ककसी बी नुकसान के लरए उत्तयदामी नहीं होगी | मह स्तय बववष्म के कीभतों की गनत का संकेत नहीं दे ते है| वेफसाइट के भाध्मभ से ककसी बी ब्राउक्ज़ंग का अथा है अस्वीकयण की स्वीकृनत।

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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

08/10/2018