Commodity Research Report 06 November 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

30-Nov-18

145.25

145.90

146.80

143.20

144.85

-0.28%

14.00%

-15.16%

Copper

30-Nov-18

444.70

445.50

452.70

432.35

451.25

1.47%

83.47%

1.64%

Crude Oil

16-Nov-18

4,951

4,963

4,979

4,559

4,609

-6.91%

0.64%

76.62%

Gold

05-Dec-18

31937

31903

32020

31600

31750

-0.59%

-21.24%

-7.44%

Lead

30-Nov-18

145.3

145.35

146.85

138.25

145.7

0.28%

76.93%

-16.72%

Natural Gas

27-Nov-18

232.90

233.70

243.70

230.70

240.50

3.26%

-7.00%

30.64%

Nickel

30-Nov-18

864.20

865.00

881.00

850.60

870.40

0.72%

-21.61%

-26.86%

Silver

05-Dec-18

38712

38819

38972

38001

38620

-0.24%

-0.33%

-5.76%

Zinc

31-Oct-18

198.45

197.90

198.90

187.40

188.65

-4.94%

20.46%

-42.19%

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

5550.00

5504.00

5840.00

5504.00

5764.00

3.86%

-11.96%

1.37%

Chana

20-Nov-18

3981.00

4100.00

3981.00

4091.00

2.76%

-15.58%

0.32%

Dhaniya

20-Nov-18

6004.00

6000.00

6423.00

5947.00

6384.00

6.33%

7.01%

0.06%

COCUDAKL

20-Dec-18

1872.50

1862.00

1874.50

1795.00

1833.50

-2.08%

-36.65%

-10.45%

Guargum5

20-Nov-18

10471.00 10444.00

10611.00

9957.00 10345.00

-1.20%

11.55%

1.72%

Guarseed10

20-Nov-18

4791.00

4843.00

4581.00

4737.00

-1.13%

24.94%

19.59%

Jeera

20-Nov-18

19925.00 19950.00

21175.00 19810.00 21110.00

5.95%

50.26%

-0.72%

RMseed

20-Nov-18

4259.00

4248.00

4259.00

4141.00

4164.00

-2.23%

5.87%

4.60%

Ref Soya Oil

20-Nov-18

752.20

753.00

760.50

751.10

755.55

0.45%

-23.83%

-2.09%

Soyabean

20-Nov-18

3322.00

3348.00

3450.00

3315.00

3422.00

3.01%

64.56%

12.41%

Turmeric

20-Nov-18

6718.00

6750.00

6908.00

6638.00

6650.00

-1.01%

54.13%

14.40%

Mentha Oil

31-Dec-18

1780.10

1790.00

1846.10

1763.00

1767.90

-0.69%

2.36%

-13.71%

Commodity

4780.00

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

28-Nov-18

73.6800

73.6225

74.4475

72.6100

72.6450

-1.40%

GBPINR

28-Nov-18

94.3850

94.3800

95.3975

94.2300

94.7200

0.35%

JPYINR

28-Nov-18

65.8900

65.9000

65.9725

64.4200

64.4750

-2.15%

EURINR

28-Nov-18

83.7550

83.9625

84.5500

83.2050

83.3475

-0.49%

Currency Pair

Continued…….

06/11/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

2001.00

2004.50

2005.75

1953.75

1978.75

-1.11%

Copper

COMEX

2.744

2.763

2.803

2.653

2.803

2.15%

Crude Oil

NYMEX

67.59

67.55

67.95

62.63

63.14

-6.58%

Gold

COMEX

1232.50

1227.70

1233.30

1212.00

1230.90

-0.13%

Lead

LME

1983.50

1993.00

2025.50

1891.25

2005.25

1.10%

NYMEX

3.185

3.139

3.318

3.100

3.284

3.11%

Nickel

LME

11877.50

11905.00

12157.50

11492.50

11937.50

0.51%

Silver

COMEX

14.635

14.460

14.340

14.707

0.49%

Zinc

LME

2659.50

2654.50

2665.25

2478.00

2548.500

-4.17%

Commodity Aluminium

Natural Gas

06/11/2018

Inventory Updates LME Inventory Closing (As on 2nd Nov 18) In tones

Closing (As on 26th Oct 18) in tones

% Change in Price

Aluminium

1047325

1049525

-0.21%

Copper

136675

149575

-8.62%

Lead

113550

112475

0.96%

Nickel

218868

219654

-0.36%

Zinc

144175

157725

-8.59%

Commodity

Continued…….

06/11/2018

Inventory Updates

06/11/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

Monday, November 5, 2018 20:15

USD

Markit Composite PMI (Oct)

54.8

20:15

USD

Services PMI (Oct)

54.7

20:30

USD

ISM Non-Manufacturing Employment (Oct)

20:30

USD

ISM Non-Manufacturing PMI (Oct)

62.4 59.3

61.6

0.60%

-0.20%

Tuesday, November 6, 2018 5:31

GBP

BRC Retail Sales Monitor (YoY) (Oct)

20:30

USD

JOLTs Job Openings (Sep)

7.136M

Wednesday, November 7, 2018 21:00

USD

Crude Oil Inventories

3.217M

Thursday, November 8, 2018 Tentative

CNY

Exports (YoY) (Oct)

12.00%

14.50%

Tentative

CNY

Trade Balance (USD) (Oct)

36.27B

31.70B

19:00

USD

Initial Jobless Claims

214K

Tentative

CNY

Imports (YoY) (Oct)

14.30%

Friday, November 9, 2018 0:30

USD

Fed Interest Rate Decision

2.25%

7:00

CNY

CPI (MoM) (Oct)

0.20%

0.70%

7:00

CNY

PPI (YoY) (Oct)

3.40%

3.60%

15:00

GBP

Business Investment (QoQ) (Q3)

0.20%

-0.70%

15:00

GBP

Exports (QoQ)

15:00

GBP

GDP (QoQ) (Q3)

15:00

GBP

Imports (QoQ)

15:00

GBP

Manufacturing Production (MoM) (Sep)

0.10%

-0.20%

15:00

GBP

Monthly GDP 3M/3M Change

0.60%

0.70%

15:00

GBP

Trade Balance (Sep)

-11.40B

-11.20B

19:00

USD

Core PPI (MoM) (Oct)

0.20%

19:00

USD

PPI (MoM) (Oct)

0.30%

0.20%

20:30

USD

Michigan Consumer Sentiment (Nov)

98.6

-3.60% 0.60%

0.40% -0.80%

Currency Weekly Pivots Currency Pair

Contract

USDINR

28-Nov-18

76.9500

75.1000

73.9000

73.2500

72.0500

71.4000

69.5500

GBPINR

28-Nov-18

97.1500

95.9500

95.3500

94.8000

94.2000

93.6500

92.4500

JPYINR

28-Nov-18

68.0500

66.5000

65.5000

64.9500

63.9500

63.4000

61.8500

EURINR

28-Nov-18

86.4000

85.0500

84.2000

83.7000

82.8500

82.3500

81.0000 Continued…….

06/11/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

30-Nov-18

152.15

148.55

146.70

144.95

143.10

141.35

137.75

Copper

30-Nov-18

486.15

465.80

458.55

445.45

438.20

425.10

404.75

Crude Oil

16-Nov-18

5556

5136

4872

4716

4452

4296

3876

Gold

05-Dec-18

32630

32210

31980

31790

31560

31370

30950

Lead

30-Nov-18

160.80

152.20

148.95

143.60

140.35

135.00

126.40

Natural Gas

27-Nov-18

264.30

251.30

245.90

238.30

232.90

225.30

212.30

Nickel

30-Nov-18

928.15

897.75

884.10

867.35

853.70

836.95

806.55

Silver

05-Dec-18

40473

39502

39061

38531

38090

37560

36589

Zinc

31-Oct-18

214.65

203.15

195.90

191.65

184.40

180.15

168.65

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

20-Nov-18

6375

6039

5901

5703

5565

5367

5031

Chana

20-Nov-18

4295

4176

4134

4057

4015

3938

3819

Dhaniya

20-Nov-18

7203

6727

6556

6251

6080

5775

5299

COCUDAKL

20-Dec-18

1993.35

1913.85

1873.70

1834.35

1794.20

1754.85

1675.35

Guargum5

20-Nov-18

11612

10958

10652

10304

9998

9650

8996

Guarseed10

20-Nov-18

5244.35

4982.35

4859.70

4720.35

4597.70

4458.35

4196.35

Jeera

20-Nov-18

23428

22063

21587

20698

20222

19333

17968

RMseed

20-Nov-18

4424

4306

4235

4188

4117

4070

3952

Ref Soya Oil

20-Nov-18

774.50

765.10

760.30

755.70

750.90

746.30

736.90

Soyabean

20-Nov-18

3666

3531

3476

3396

3341

3261

3126

Turmeric

20-Nov-18

7272

7002

6826

6732

6556

6462

6192

Mentha Oil

31-Dec-18

1958.6

1875.5

1821.7

1792.4

1738.6

1709.3

1626.2

06/11/2018

MCX Fundamentals BULLION Gold prices were steady in early Asian trade on Monday as the dollar eased while investors are tuned in to the U.S. congressional elections on Tuesday. Spot gold was steady at $1,232.86 per ounce at the time of writing. U.S. gold future was up 0.1 percent at $1,234.6 per ounce. The dollar index which measures the green back against a basket of six major currencies was down 0.1 percent. Investors are now focused on the U.S. congressional elections on Nov. 6 which will determine whether the Republican or Democratic party controls Congress with some predicting increased market volatility on the outcome.

BASE METALS

London copper took a breather on Monday after hitting a two week peak in the previous session following comments by the U.S. president that the United States may be approaching a trade deal with China. London Metal Exchange copper slipped by half a percent to $6,253 a tonne at the time of writing paring 3.2 percent gains on Friday when prices reached the highest in two weeks at $6,315 a tonne.

ENERGY Oil prices dipped on Monday as the start to U.S. sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily. U.S. West Texas Intermediate (WTI) crude futures were down 27 cents or 0.4 percent, at $62.87 a barrel. The Energy Information Administration released its report on natural gas stocks which showed a build of 48 billion cubic feet in the week ending October 26, compared to 58 billion in the previous reading while analysts expected at 53 billion.

06/11/2018

NCDEX Fundamentals SPICES Trend remained firm for Jeer as demand started rising ahead of Festivals and on the export front after the recent dips in prices. Falling stocks, rising demand and expected fall in sowing from lower rains in Gujarat/Rajasthan shall continue supporting prices as of now. Possibilities of delayed sowing too could support prices in the medium term. Turmeric failed to hold onto the higher levels as profit booking brought some dips to the rising rates. High stocks amidst lack of very strong demand checked the upside. Technically trend does not look very positive as for now.

OILSEEDS Profit booking at the higher levels brought some dips for Mentha where overall sentiments are likely to recover ahead of the winter season. Demand started picking up on the domestic and export front ahead of winter season. Adverse reports on the production front too shall continue supporting prices. Soya oil was down mainly on weakness in rupee appreciation. Sharp gains in the rupee failed to influence gains despite strength in soy bean. Ongoing arrival season of Indian/US harvest season keeps general tone on downward side.

GUAR COMPLEX Rates shot up towards end of last week for Guar as overall trend remained positive. Overall sentiments remained firm from apprehensions of lower production from less rains received in Rajasthan. Reports of lower arrivals of new crop amidst prospects of fall in sowing area are likely to support prices in medium term.

OTHERS RM seed failed to post any strong recovery. Reports of NAFED still having good amount of stocks to sell keeps sentiments down currently but the projected decline in domestic mustard sowing area versus last year shall continue to be a key broad based bullish fundamental as for now. Reports of possible damage in Maharashtra region shall be keeping prospects of price rise in future. Ahead of the festive season there will be hopes of revival in local consumption. But the data released in latest USDA report is slightly bearish and this will be capping the upside in coming sessions. 9

06/11/2018

Calls of the Week (MCX) ALUMINIUM Last week Aluminium made a low of 143.20 and closed at the level of 144.85 with overall marginal loss of 0.28% on weekly basis. Aluminium continuously is trading with downtrend channel and recently Aluminium broken its resistance trend line and sustaining near the level of 144. For this week if it is break the level of 147.00 on upper side then it can test the level of 150.60. One can make buy position in it with SL of 145.80.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 147

Target

150.60

145.80

SILVER From last couple of trading weeks Silver is trading with positive sentiment with positive RSI and we are expecting that Silver can move higher from this level. Last week Silver made a high of 38972 and closed at 38620 with overall marginal loss of 0.24% on weekly basis. Silver recently has broken its downtrend channel on upper side and sustaining above it indicating positive movement in it. For this week, if it breaks the level of 38700 on the upper side then it can test the level of 39700 during the week. One can make buy position in it by maintaining a SL at 38494.

WEEKLY STRATEGY PARTICULAR

Action Entry Range

DETAILS

Buy Above 38700

Target

39700

38494

06/11/2018

Calls of the Week (NCDEX) SOYABEAN From last couple of trading weeks Soyabean is trading with positive sentiment with positive RSI and we are expecting that Soyabean can continue its positive trend from this week also. Last week Silver made a high of 3450 and closed at 3420 with overall marginal gain of 3.00% on weekly basis. Soyabean recently has broken its downtrend channel on upper side and sustaining above it indicating positive movement in it. For this week, if it breaks the level of 3450 on the upper side then it can test the level of 3595 during the week. One can make buy position in it by maintaining a SL at 3395.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 3450

Target

3595

3395

CHANA Last week Chana started a week on positive notes and continue the same for the whole week and close above the level of 4000. Last week Chana made a high of 4100 and closed at 4091 with overall marginal gain of 2.76% on weekly basis. On its daily chart Chana is forming double bottom formation indicating positive trend in it. For this week, if it breaks the level of 4250 on the upper side then it can test the level of 4395 during the week. One can make buy position in it by maintaining a SL at 4194.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 4250

Target

4395

4194

06/11/2018

Calls of the Week (FOREX) JPYINR From last couple of trading weeks JPYINR is trading with negative sentiment and unable to break the level of 67.0000. Last week USDINR made a low of 64.4200 and closed at the level of 64.4750 with overall marginal loss of 2.15% on weekly basis. JPYINR continuously making lower lows and lower highs formation indicating correction in it. For this week if it is break the level of 64.4000 on lower side then it can test the level of 64.0025. One can make sell position in it with SL of 64.7075

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 64.4000

Target

64.0025

64.7075

EURINR Last week EURINR started a week on positive note but found enough resistance near the level of 85.0000 and get selling pressure from higher level. Last week EURINR made a low of 83.2050 and closed at the level of 83.3475 with overall marginal loss of 0.49% on weekly basis. On its hourly chart EURINR trading below the Ichimoku cloud and forming selling formation on lower level. For this week if it is break the level of 83.2000 on lower side then it can test the level of 82.7125. One can make sell position in it with SL of 83.5125.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 83.2000

Target

82.7125

83.5125

06/11/2018

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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।

DISCLOSURE (प्रकटीकयण) : High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company and all its representatives will not make any trades in the market.

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

06/11/2018