Commodity Research Report 16 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

157.70

156.80

149.60

150.00

-4.88%

-54.01%

1.14%

Copper

30-Nov-18

456.55

454.05

464.40

447.50

459.55

0.66%

-2.78%

4.95%

Crude Oil

19-Oct-18

5,546

5,473

5,595

5,211

5,243

-5.46%

-15.90%

-48.33%

Gold

05-Dec-18

31643

31531

32014

31202

31846

0.64%

-16.97%

3.16%

Lead

31-Oct-18

147.9

147.00

154.75

139.80

152.2

2.91%

69.16%

-31.55%

Natural Gas

26-Oct-18

232.7

234.7

250.8

231.4

234.2

0.64%

36.12%

-6.45%

Nickel

31-Oct-18

940.20

925.00

963.30

917.40

932.80

-0.79%

-24.56%

-0.64%

Silver

05-Dec-18

39274

39100

38336

38918

-0.91%

-32.60%

7.89%

Zinc

31-Oct-18

197.95

197.20

204.15

193.30

197.70

-0.13%

6.68%

-4.99%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

20-Nov-18

4770.00

4720.00

4952.00

4718.00

4912.00

2.98%

-67.52%

-9.04%

Chana

20-Nov-18

4154.00

4217.00

4230.00

4141.00

4172.00

0.43%

-51.87%

-14.50%

Dhaniya

20-Nov-18

5012.00

5020.00

5270.00

4966.00

5241.00

4.57%

112.40%

-6.34%

COCUDAKL

20-Dec-18

1706.00

1715.00

1787.00

1675.00

1779.50

4.31%

62.51%

8.97%

Guargum5

20-Nov-18

9244.00

9210.00

9275.00

9060.00

9244.00

0.00%

-52.71%

0.40%

Guarseed10

20-Nov-18

4360.00

4272.00

4309.00

4225.50

4286.50

-1.69%

-24.26%

5.56%

Jeera

20-Nov-18

19300.00 19325.00

20000.00 19170.00 19955.00

3.39%

-9.27%

-21.73%

RMseed

20-Nov-18

4203.00

4208.00

4127.00

4162.00

-0.98%

-62.46%

-9.14%

Ref Soya Oil

20-Nov-18

759.90

759.40

760.90

748.50

754.80

-0.67%

-50.21%

-4.30%

Soyabean

20-Nov-18

3246.00

3259.00

3196.00

3241.00

-0.15%

-34.70%

6.74%

Turmeric

20-Nov-18

6764.00

6792.00

6818.00

6524.00

6596.00

-2.48%

-61.94%

-16.77%

Mentha Oil

31-Oct-18

1716.50

1694.00

1752.00

1681.70

1688.10

-1.65%

-35.09%

8.83%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

29-Oct-18

74.0125

74.1700

74.6875

73.6550

73.7000

-0.42%

GBPINR

29-Oct-18

96.5775

96.9500

98.8000

96.8050

0.24%

JPYINR

29-Oct-18

65.0675

65.3400

66.6600

65.0500

65.7300

1.02%

EURINR

29-Oct-18

85.2750

85.4300

86.5000

85.2525

85.4800

0.24%

Currency Pair

Continued…….

15/10/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

2117.50

2086.00

2089.25

2017.75

2029.25

-4.17%

Copper

COMEX

2.759

2.736

2.811

2.715

2.793

1.23%

Crude Oil

NYMEX

74.29

74.40

75.28

70.51

71.34

-3.97%

Gold

COMEX

1206.70

1201.00

1224.60

1183.70

1218.10

0.94%

Lead

LME

1989.00

1978.25

2075.50

1879.50

2048.00

2.97%

NYMEX

3.155

3.182

3.368

3.138

3.161

0.19%

Nickel

LME

12662.50

12485.00

13020.00

12387.50

12690.00

0.22%

Silver

COMEX

14.569

14.215

14.565

14.215

14.564

-0.03%

Zinc

LME

2625.25

2619.50

2714.25

2563.00

2633.25

0.30%

Commodity Aluminium

Natural Gas

15/10/2018

Inventory Updates LME Inventory Closing (As on 12th Oct 18) In tones

Closing (As on 5th Oct 18) in tones

% Change in Price

Aluminium

941500

974075

-3.34%

Copper

170100

188950

-9.98%

Lead

116375

114600

1.55%

Nickel

224928

228090

-1.39%

Zinc

191500

203675

-5.98%

Commodity

Continued…….

15/10/2018

Inventory Updates

15/10/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

Monday, October 15, 2018 18:00

USD

Core Retail Sales (MoM) (Sep)

0.40%

0.30%

18:00

USD

Retail Sales (MoM) (Sep)

0.70%

0.10%

Tentative

USD

Federal Budget Balance

71.0B

-214.0B

Tuesday, October 16, 2018 7:00

CNY

CPI (MoM) (Sep)

0.70%

7:00

CNY

PPI (YoY) (Sep)

3.70%

4.10%

14:00

GBP

Average Earnings Index +Bonus (Aug)

2.60%

14:00

GBP

Claimant Count Change (Sep)

4.5K

8.7K

14:00

GBP

Employment Change 3M/3M (MoM)

14:00

GBP

Unemployment Rate (Aug)

4.00%

18:45

USD

Industrial Production (MoM) (Sep)

0.20%

0.40%

0.20%

0.70%

3.0K

Wednesday, October 17, 2018 14:00

GBP

CPI (MoM) (Sep)

14:00

GBP

CPIH (YoY)

14:00

GBP

PPI Input (MoM) (Sep)

0.90%

0.50%

18:00

USD

Building Permits (Sep)

1.280M

1.249M

18:00

USD

Building Permits (MoM) (Sep)

2.10%

-5.70%

18:00

USD

Housing Starts (MoM) (Sep)

-4.50%

9.20%

18:00

USD

Housing Starts (Sep)

1.228M

1.282M

20:00

USD

Crude Oil Inventories

2.620M

5.987M

23:30

USD

FOMC Meeting Minutes

2.40%

Thursday, October 18, 2018 14:00

GBP

Core Retail Sales (MoM) (Sep)

-0.40%

0.30%

14:00

GBP

Retail Sales (MoM) (Sep)

-0.30%

0.30%

18:00

USD

Initial Jobless Claims

210K

214K

18:00

USD

Philadelphia Fed Manufacturing Index (Oct)

22.9

Friday, October 19, 2018 7:30

CNY

GDP (QoQ) (Q3)

1.60%

1.80%

7:30

CNY

Industrial Production (YoY) (Sep)

6.00%

6.10%

7:30

CNY

Chinese Unemployment Rate

19:30

USD

Existing Home Sales (MoM) (Sep)

-0.30%

0.00%

19:30

USD

Existing Home Sales (Sep)

5.31M

5.34M

5.00%

Currency Weekly Pivots Currency Pair

Contract

USDINR

29-Oct-18

76.0500

75.0500

74.3500

74.0000

73.3000

72.9500

71.9500

GBPINR

29-Oct-18

101.4500

99.4500

98.1000

97.4500

96.1000

95.4500

93.4500

JPYINR

29-Oct-18

69.0000

67.4000

66.5500

65.8000

64.9500

64.2000

62.6000

EURINR

29-Oct-18

88.2500

87.0000

86.2500

85.7500

85.0000

84.5000

83.2500 Continued…….

15/10/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Oct-18

166.55

159.35

154.70

152.15

147.50

144.95

137.75

Copper

30-Nov-18

490.95

474.05

466.80

457.15

449.90

440.25

423.35

Crude Oil

19-Oct-18

6118

5734

5488

5350

5104

4966

4582

Gold

05-Dec-18

33311

32499

32173

31687

31361

30875

30063

Lead

31-Oct-18

178.80

163.85

158.00

148.90

143.05

133.95

119.00

Natural Gas

26-Oct-18

277.60

258.20

246.20

238.80

226.80

219.40

200.00

Nickel

31-Oct-18

1029.65

983.75

958.30

937.85

912.40

891.95

846.05

Silver

05-Dec-18

40313

39549

39233

38785

38469

38021

37257

Zinc

31-Oct-18

220.10

209.25

203.50

198.40

192.65

187.55

176.70

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

20-Nov-18

5329

5095

5003

4861

4769

4627

4393

Chana

20-Nov-18

4359

4270

4221

4181

4132

4092

4003

Dhaniya

20-Nov-18

5767

5463

5352

5159

5048

4855

4551

COCUDAKL

20-Dec-18

1971.15

1859.15

1819.30

1747.15

1707.30

1635.15

1523.15

Guargum5

20-Nov-18

9623

9408

9326

9193

9111

8978

8763

Guarseed10

20-Nov-18

4440.65

4357.15

4321.80

4273.65

4238.30

4190.15

4106.65

Jeera

20-Nov-18

21368

20538

20247

19708

19417

18878

18048

RMseed

20-Nov-18

4328

4247

4204

4166

4123

4085

4004

Ref Soya Oil

20-Nov-18

779.55

767.15

761.00

754.75

748.60

742.35

729.95

Soyabean

20-Nov-18

3358

3295

3268

3232

3205

3169

3106

Turmeric

20-Nov-18

7234

6940

6768

6646

6474

6352

6058

Mentha Oil

31-Oct-18

1847.9

1777.6

1732.8

1707.3

1662.5

1637.0

1566.7

15/10/2018

MCX Fundamentals BULLION Gold prices rose early on Monday as Asian stocks eased due to concerns about a potential decline in China economic growth amid an ongoing trade war and signs of tighter monetary policy by the U.S. Federal Reserve. Spot gold was up 0.3 percent at $1,220.66 an ounce at the time of writing. Gold rose 1.3 percent last week in its biggest weekly percentage gain in seven weeks. U.S. gold futures were up 0.2 percent at $1,224.1 an ounce. China central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR) as downside risks from trade tensions with the United States remain significant.

BASE METALS

Aluminium prices traded on marginal gains after rebounding on Friday, breaking a six-session losing streak as speculators and consumers regarded the lower prices as good value against a background of recovering share markets. The metal touched a two week low on Thursday amid a broad sell off sparked by a global rout in equities. But global shares were having their best day in nearly a month on Friday as European and Asian markets recovered.

ENERGY Crude markets were also supported in the wake of data that showed South Korea did not import any oil from Iran in September for the first time in six years before U.S. sanctions against the Middle East country take effect in November. Brent crude had risen 98 cents or 1.22 percent to 81.41 a barrel at the time of writing, on track for its biggest daily gain since Oct. 9. U.S. The Energy Information Administration released its report on US natural gas inventories showing a build of 90 billion cubic feet in the week ending October 5, adding to the 98 billion in the previous reading while analysts expected 87 billion.

15/10/2018

NCDEX Fundamentals SPICES Bullish trend persisted for Jeer as reports from Gujarat indicate a below normal rain to adversely affect the sowing starting later this month. This could have some long term support impact on the commodity prices.Turmeric traded with slight weakness even as prices found immediate support at these levels. Falling stocks amidst rise in Festive season domestic demand and export demand are likely to support prices in coming weeks with new crop arrivals only in Decendall these factors could provide support to the prices that have fallen a lot.

OILSEEDS Mentha oil traded in a range even as moderate firm sentiments prevailed in mandis with profit booking limiting the upside movement. Rising export demand amidst adverse reports on the production front are likely to support prices in coming weeks. Lack of fresh bullish cues from global markets kept sentiments eased. Ahead of Indian/US harvest season of the soybean crop not much of upside is expected in edible oils especially soya oil. However there is frequent buying interest in spot market whenever moderate price decline occurs.

GUAR COMPLEX Trend remained very volatile for Guar but some support was noted at the lower levels with expected recovery likely. Lower rains earlier this year during Monsoon had adversely affected the sowing. With stocks reportedly on the lower side and falling amidst no new arrivals for now sentiments are looking positive for the counter. As the bearish impact of rains gradually get over fall in prices may be limited from the monsoon factor.

OTHERS RM seed futures market failed to move up yesterday tracking weakness in soy bean. Failure of palm oil to sustain above resistance levels also eased the upward trend. In coming days report of Government's announcement to hike Mustard MSP by Rs 200/qtl may provide support. But spot demand should also remain strong for the up trend to sustain during this week.It was another bearish session for soy bean derivative market. As long as harvest pressure is not building there might be temporary pull backs but the upward momentum might ease soon as harvests activity in MP and Maharashtra improve in next few weeks. 9

15/10/2018

Calls of the Week (MCX) ZINC Last week Zinc made a high of 204.15 and closed at 197.50 with overall marginal loss of 0.13% on weekly basis. And we can see from last couple trading weeks market is trading in sideways trading channel with negative RSI and on its four hourly chart Zinc is forming Head & Shoulder formation on higher level indicating negative trend in it. For this week, if it breaks the level of 198.50 on the lower side then it can test the level of 191.50 during the week. One can make sell position in it by maintaining a SL at 199.60.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 198.50

Target

191.50

199.60

NATURAL GAS Last week Natural Gas started a week on positive note but found enough resistance near the level of 250 and getting selling pressure from higher level indicating strong resistance zone near the level of 250. On its 4 hourly chart Natural Gas is forming Head & Shoulder formation indicating negative trend in it. For this week, if it breaks the level of 238 on the lower side then it can test the level of 228 during the week. One can make sell position in it by maintaining a SL at 242.50

WEEKLY STRATEGY PARTICULAR

Action Entry Range

DETAILS

Sell Below 4100

Target

3970

1451

15/10/2018

Calls of the Week (NCDEX) RMSEED Last week RMSEED started a week on negative note but found enough support near the level of 4100 and getting bounce back from lower level indicating strong support zone near the level of 4100. On its daily chart RMSEED forms spinning top bullish formation indicating positive trend in it. For this week, if it breaks the level of 4200 on the upper side then it can test the level of 4330 during the week. One can make buy position in it by maintaining a SL at 4149

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 4200

Target

4330

4149

CHANA From last couple of trading weeks Chana is trading in range between the level of 4250 â&#x20AC;&#x201C; 4100 and forming double top formation on its four chart indicating bearish trend in it. On its four hourly chart RSI is trading in negative territory and printing below the level of 50 indicating short term negative movement in it. Last week Chana made a low of 4141 and closed at 4172 with overall marginal gain of 0.43% on weekly basis. For this week, if it breaks the level of 4100 on the lower side then it can test the level of 3970 during the week. One can make sell position in it by maintaining a SL at 4151.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 4100

Target

3970

4151

15/10/2018

Calls of the Week (FOREX) JPYINR Last week JPYINR Oct Futures started the week on positive note and made a high of 66.6600 but till the end of the week, most of its earlier gains were erased and it closed at 65.0500 with the overall gain of 1.55 per cent on weekly basis. Technically it consolidating above the major psychological support level of 66.0000 with the positive RSI and for this week, we can expect further upside movement in it.For this week, if it breaks the level of 66.3500 on the upside, then it can test the level of 66.7975 during the week. One can make buy position in it by maintaining a SL 66.0875.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Below 66.3500

Target

66.7975

66.0875

USDINR Last week USDINR Oct Futures started the week on positive note and made a high of 74.6875 but till the end of the week, all of its earlier gains were erased and it closed at 73.7000 with the overall loss of 0.42 per cent on weekly basis. Technically it consolidating near to the trend line breakout with near to oversold RSI and for this week, we can expect profit booking in it from the higher levels. For this week, if it breaks the level of 73.6500 on the downside, then it can test the level of 73.2125 during the week. One can make sell position in it by maintaining a SL 74.0050.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Above 73.6500

Target

73.2125

74.0050

15/10/2018

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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

15/10/2018