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Daily Market Reflection

20th June 2016


Market Outlook

COMDEX

In the morning session gold and silver trading in negative zone with
gap down opening but not able to continue and in the evening session
it was on bullish way. In coming session bullishness can be seen in
bullions. Crude oil showed correction on higher side but sell on highs
would be preferable. Base metals were week on Friday and coming
session more weakness can be seen, sell on rise would be profitable
strategy in base metals.
Fundamental News
Gold futures finished narrowly lower on Friday, ending a 7-session win
streak,
as fears
of Britains potential exit from the European Union
Fundamental
Factors
receded and the U.S. dollar weakened.
Crude oil prices rose in early Asian trade on Friday for the first time in
seven days as markets took a breather from concerns about the
impact of Britains possible exit from the European Union.
Base metals negative territory on Friday, choppy trading is expected
while Brexit fears continue to weigh on market sentiment.

Important Data
Time

Currenc
y

Event

Foreca
st

Previou
s

3:30am

NZD

Westpac Consumer
Sentiment

109.6

4:31am

GBP

Rightmove HPI
m/m

0.4%

JPY

Trade Balance

0.43T

EUR

German PPI m/m

0.1%

CAD

Wholesale Sales
m/m

-1.0%

CB Leading Index
m/m

0.1%

5:20am
11:30am
6:00pm

8:00pm

AUD

Market Updates
MCX
Date
16-06-16
GOLD
SILVER
CRUDE
COPPER
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX
GOLD
SILVER
CRUDE
COPPER
USDINR
$ INDEX

30607
41684
3133
305.35
107.60
114.85
597.20
134.05
174.80
Date
16-06-16
1298.40
17.607
46.21
2.048
67.4150
94.77

Date
17-0616
30602
41362
3190
305
108.05
114.15
606.50
132.60
175.60
Date
17-06-16
1301.75
17.515
48.26
2.054
67.1650
94.30

% Chg
-0.02%
-0.77%
+1.82%
-0.11%
+0.42%
-0.61%
+1.56%
-1.08%
+0.16%
% Chg
+0.26%
-0.52%
+4.44%
0.295
-0.37%
-0.505

OUR PREVIOUS CALLS UPDATE


Intraday super star
Date Commodity Entry
Exit
P/L
16/0 NICKEL
602
594
6
Multibagger
Date Commodity Entry
Exit
16/0 ZINC
136.20 134.80
6
Trifid special
Date Commodity Entry
Exit
17/0 LEAD
105.05 105.95
6
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2000

P/L
7000

P/L
4500

Gold and Silver


GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30450
1290

30250
1279

30740
1305

30950
1313

SILVER

Gold opened on lower note and also gap down opening


on MCX but in evening session in correct on higher side.
Now if it broke 30750 resistance levels than 30950 will
act as next resistance level. On the other hand 30400
will be major support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

40900
17.30

40600
17.15

41620
17.60

42150
17.75

Silver showed sideways movement after gap down


opening. Now if it broke the important resistance level of
41700 then 42150 act as next resistance level. On lower
side 40900 will act as important support level.

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Crude and Copper


CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3170

3120

3215

3245

COMEX

47.50

46.90

48.70

49.30

COPPER

Crude oil showed upward movement after found the


important support of 3115 on daily chart. Now if it
showed bullish movement and maintain above 3250
then 3325 will be next support level. On the lower side
important support is 3115.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

303

300.50

307

310

COMEX

2.0215

2.0075

2.0510

2.0650

Copper showed weak movement and found the support


of 303. Sustain below 303 then next support level will be
seen at 300. If some correction continues on higher side
then it pull towards resistance level of 310.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

107.10

106.20

108.90

109.80

7103

3327

Bearish

LEAD

113.30

112.10

115.10

116.30

14993

4335

Bearish

NICKEL

600

591

613

625

36667

19583

Bearish

ZINC

131.50

130

134.10

136.30

32358

5146

Bearish

NATURAL GAS

174

170

179

183

46774

9513

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
13/06/2016

14/06/2016

15/06/2016

16/06/2016

17/06/2016

ALUMINIUM

-5375

-7025

-2475

-6450

-6200

COPPER

-3050

-4350

-1125

-3125

-3100

LEAD

-930

-25

-150

-150

-50

NICKEL

-84

-3072

-1524

-516

-2382

ZINC

-325

+4000

-875

-925

+17750

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Agri Commodity Updates


CARDAMOM
Cardamom showed bullish movement and broke
inverse head and shoulder pattern. Now on higher
side 890 will act as important resistance level above
which it will bounce towards the resistance level of
900. On lower side some correction drags it towards
the support level of 870.
PIVOTS

S1

S2

R1

R2

879

870

892

900

DHANIYA
Dhaniya showed sideways to bullish movement and
found the resistance of 7000. Now on lower side
6900 will act as important support level below which
it will drag towards the support level of 6800. On
higher side some correction pulls it towards the
resistance level of 7050.

PIVOTS

S1

S2

R1

R2

6935

6880

7040

7090

JEERA
Jeera showed sideways movement and found the
support of 17000. Now on lower side 17000 will act
as important support level below which it will drag
towards the support level of 16750. On higher side
some correction pulls it towards the resistance level
of 17300.

PIVOTS

S1

S2

R1

R2

17000

16750

17300

17500

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Intraday Super Star


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CALL: SELL LEAD BELOW 132 TARGETS 131.20/130 SL 133.

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 304.50 TARGETS 302.50/300 SL 308.

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Trifid Special
(Premium Section)

CALL: BUY DHANIYA ABOVE 7000 TARGETS 7050/7100 SL 6930.

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