MCX DAILY REPORT 21ST AUGUST 2015.pdf

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PINNACLE FINANCIAL SERVICES

DAILY EQUITY REPORT

10/03/2015 MCX DAILY REPORT

21ST

AUGUST 2015


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DAILY EQUITY REPORT

10/03/2015

The U.S. National Association of Realtors said existing home sales

increased 2 percent to an annual rate of 5.59 million units last

month, the highest pace since February 2007. Rising prices curbed

physical gold demand in India and Chinese buyers, remained

scarce, cutting premiums on bullion sold in the world's top two

consumers. However, gold prices positive on the back of Yuan

devaluation and depreciation in INR and U.S. Federal Reserve

meeting suggested policymakers were in no hurry to raise interest

rates.

The weakening dollar turned as a blessing in disguise for the crude

oil futures and they ended higher on Thursday, mostly on bargain

hunting. Though, any sharp gains were restricted, as markets are

already oversupplied amid the prospect of Iran's oil coming

online. Investors were also concerned over the outlook for the

Chinese economy with fears of muted demand growth for crude

oil. China is the second largest energy consumer in the world.

Nickel futures traded higher on MCX as speculators enlarged their

positions amid rising demand from alloy makers at the spot

market.

METALS & ENERGY UPDATE


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10/03/2015

TECHNICAL LEVELS:

PRECIOUS METALS

ENERGY

SILVER

SUPPORT1: 36300

SUPPORT2: 35800

RESISTANCE1: 37000

RESISTANCE2: 37500

GOLD

SUPPORT1: 27000

SUPPORT2: 26850

RESISTANCE1: 27325

RESISTANCE2: 27600

NATURAL GAS

SUPPORT1: 180

SUPPORT2: 177

RESISTANCE1: 184

RESISTANCE2: 187

CRUDE OIL

SUPPORT1: 2650

SUPPORT2: 2550

RESISTANCE1: 2770

RESISTANCE2: 2850

MCX Gold futures closed higher and

continuing its uptrend by violating its

resistance at 26387 levels. It was

begun the day with a positive note

and after it continued the same

bullish trend for the day. Further

rally can be extended towards 27324

& 27600 levels. Any fall can be

utilized to make fresh longs at 26665

levels.


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10/03/2015

BASE METALS

COPPER

SUPPORT1: 336

SUPPORT2: 334

RESISTANCE1: 340

RESISTANCE2: 342

LEAD

SUPPORT1: 111.50

SUPPORT2: 110.50

RESISTANCE1: 113.20

RESISTANCE2: 113.80


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10/03/2015

ALUMINIUM:

ALUMINIUM

BUY ALUMINIUM AUGUST ABOVE 102.60 TARGET 104.00 STOP LOSS

101.50. WWW.PINNACLEFINANCIAL.IN 919039035252

CHART OF THE DAY


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DAILY EQUITY REPORT

10/03/2015

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MCX DAILY REPORT 21ST AUGUST 2015.pdf

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