Daily Market Reflection

21st June 2016

Market Outlook

COMDEX

In the morning session gold and silver trading in negative zone with
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 buy on dips would be
preferable. Base metals were strong on Monday and coming session
more bullishness may be seen, buy on dips would be profitable
strategy in base metals.
Fundamental News
Gold
fell overFactors
1 per cent on Monday, after registering its biggest
Fundamental
one-day gain in two weeks in the previous session, easing on
indications that Britain could opt to remain in the European
Union in a referendum later this week.
Copper and other base metals extended gains on Monday as
concern that Britain might leave the European Union eased and
nickel hit a six-week peak on concern about top supplier
Philippines.

Important Data
Time

Currenc
y

Event

Tentativ
e

EUR

German
Constitutional Court
Ruling

2:00pm

GBP

Public Sector Net

Borrowing

EUR

EUR

German ZEW
Economic
Sentiment
ZEW Economic
Sentiment

EUR

ECB President
Draghi Speaks

2:30pm

2:30pm
6:30pm

7:30pm

USD

Fed Chair Yellen

Testifies

Foreca
st

Previou
s

9.5B

6.6B

5.1

6.4

15.3

16.8

Market Updates
MCX
Date
17-06-16
GOLD
SILVER
CRUDE

30602
41362
3190

Date
20-0616
30695
41795
3375

COPPER
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

305
108.05
114.15
606.50
132.60
175.60
Date
17-06-16
1294.80
17.411
48.56
2.051
67.1725
94.30

312.65
109.90
116.60
623.70
136.05
185.80
Date
20-06-16
1291.95
17535
49.76
2.092
67.3975
93.73

GOLD
SILVER
CRUDE
COPPER
USDINR
$ INDEX

% Chg
+0.23%
+4.10%
+2.48%
+1.76%
+2.10%
+2.39%
+5.47%
% Chg
-0.22%
+0.71%
+2.43%
+2.05%
+0.33%
-0.60%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
20/0 LEAD
6
Multibagger
Date Commodity Entry
Exit
20/0 COPPER
6
Trifid special
Date Commodity Entry
Exit
20/0 DHANIYA
6
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P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30620
1284

30400
1276

30820
1294

31000
1303

SILVER

Gold opened on lower note and 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 30500 will be major support level.

COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41500
17.30

41000
17.10

42000
17.60

42500
17.85

Silver showed sideways to bullish movement. Now if it

broke the important resistance level of 42000 then
42500 act as next resistance level. On lower side 41350
will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3275

3225

3330

3375

COMEX

48.70

48.15

49.55

50.30

COPPER

Crude oil showed upward movement and found

important resistance of 3330 on daily chart. Now if it
showed bullish movement and maintain above 3350
then 3440 will be next resistance level. On the lower
side important support is 3260.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

310

307

313

315

COMEX

2.0710

2.0560

2.0915

2.1090

Copper showed strong movement and found the support

of 313. Maintain above 313 then next resistance level
will be seen at 318. If some correction happens on lower
side then it drags towards support level of 308.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

108.90

107.80

110.80

111.65

7103

3327

Bullish

LEAD

115.90

115

118.20

119.30

14993

4335

Bullish

NICKEL

613.70

600.70

637

650

36667

19583

Bullish

ZINC

132.50

130

137.20

138.50

32358

5146

Bullish

NATURAL GAS

181.10

177

190

193

46774

9513

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
14/06/2016

15/06/2016

16/06/2016

17/06/2016

20/06/2016

ALUMINIUM

-7025

-2475

-6450

-6200

-5025

COPPER

-4350

-1125

-3125

-3100

-1900

LEAD

-25

-150

-150

-50

-50

NICKEL

-3072

-1524

-516

-2382

-330

ZINC

+4000

-875

-925

+17750

-2550

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Agri Commodity Updates

TURMERIC
Turmeric showed bullish movement and near to its
important resistance level of 8100. Now on higher
side 8110 will act as important resistance level above
which it will bounce towards the resistance level of
8150. On lower side some correction drags it
towards the support level of 8000.
PIVOTS

S1

S2

R1

R2

8050

8000

8100

8150

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

CHANA
Chana showed sideways movement and found the
resistance of 6900. Now on higher side 6920 will act
as important resistance level above which it will
bounce towards the resistance level of 7050. On
lower side some correction drags it towards the
support level of 6800.

PIVOTS

S1

S2

R1

R2

6800

6700

6950

7050

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Intraday Super Star

(Premium Section)

CALL: BUY LEAD ABOVE 116.90 TARGETS 117.50/118.50 SL 116.

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Multibagger Call
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 110 TARGETS 111/112 SL 108.50.

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Trifid Special
(Premium Section)

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

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