Daily Market Reflection

3rd April 2017

Market Outlook COMDEX

Gold remained steady on Friday with global political uncertainty,
the upcoming elections in Europe in particular, seen supporting
prices of the yellow metal, driving the metal to its best quarter in a
year. Oil prices fell on Friday as traders took profits following
three days of straight gains on the expectation that an OPEC-led
crude supply cut that was initially supposed to only last for the
first half of the year would be extended. The trends in the base
metals remain broadly upward, albeit to varying degrees, but the
upside going is labored for most of the metals as higher prices Market Updates
attract selling. MCX Date Date % Chg
30-03-17 31-03-
Fundamental News 17
Gold demand in India rose this week due to a festival and as GOLD 28520 28463 -0.28%
local prices adjusted to an appreciating rupee, while higher SILVER 42189 42326 +0.42%
prices kept a check on demand elsewhere in Asia. COPPER 384.20 380.75 -0.79%
CRUDE 3273 3284 +0.46%
ALUMINIUM 126.75 127.05 -0.55%
China's largest crude oil buyer Sinopec aims to ship more
LEAD 150.45 151.00 +0.23%
cargoes from Brazil, the United States and Canada, to help
NICKEL 646.20 657.50 -0.23%
ensure stable crude supplies as the Middle East boost refining ZINC 183.50 179.20 -2.74%
capacity and Africa suffers disruptions. NATURALGAS 206.80 205.80 -0.68%
COMEX Date Date % Chg
30-03-17 31-03-17
GOLD 1245.00 1247.40 +0.19%
Important Data SILVER 18.206 18.267 +0.34%
CRUDE 50.35 50.81 +0.91%
Time Currency Event Forecast Previous COPPER 2.672 2.656 -0.58%
$ INDEX 100.45 100.42 -0.03%
USDINR 65.0950 65.0525 -0.07%
7:00am AUD Retail Sales m/m 0.3% 0.4%

OUR PREVIOUS CALLS UPDATE

2:00pm GBP Manufacturing PMI 55.1 54.6
Intraday super star
Final Date Commodity Entry Exit P/L
7:15pm USD 53.5 53.4 31/3 SOYABEAN - - -
Manufacturing PMI
ISM Manufacturing Multibagger
7:30pm USD PMI 57.2 57.7 Date Commodity Entry Exit P/L
31/3 COPPER - - -
Construction Trifid special
7:30pm USD 1.0% -1.0%
Spending m/m Date Commodity Entry Exit P/L
ISM Manufacturing
7:30pm USD 68.5 68.0 31/3 LEAD - - -
Prices
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28420. Now if it will sustain below the
PIVOT S1 S2 R1 R2
S important support level of 28400 then 28200 will act as
MCX 28400 28200 28600 28800 next support level. On the other hand 28600 will act as a
COME 1245 1235 1252 1260 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important resistance level of 41900. Now if it will sustain
below 41900 then 41500 will act as next support level.
MCX 41900 41500 42500 43000
On the other hand 42500 will act as a major resistance
COMEX 18.00 17.80 18.25 18.45
level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bullish movement and found the

PIVOTS S1 S2 R1 R2 important resistance level of 3288. Now if it will close
below the important support level of 3200 then 3120 will
MCX 3220 3150 3300 3350
act as next support level. On the other hand 3300 will
COMEX 49.90 49.00 51.00 51.80
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the

important support level of 378. Now if it will close below
PIVOTS S1 S2 R1 R2
the important support level of 378 then 370 will act as
MCX 378 370 386 390 next support level. On the other hand 386 will act as a
COMEX 2.6200 2.6000 2.6700 2.6900 major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 125 123 128 129 205 153 Bearish

LEAD 149 146 152 155 313 92 Bullish

NICKEL 630 610 660 675 621 451 Bearish

ZINC 177 175 181 183 438 340 Bearish

NATURAL GAS 201 195 212 218 37950 6748 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
27/03/2017 DATA TODAY
28/03/2017 29/03/2017 30/03/2017 31/03/2017

ALUMINIUM -9925 -12975 -11225 -13625 -12050

COPPER -1150 -2150 -4950 -6725 -6375

LEAD +175 +175 -50 -1050 -1925

NICKEL -108 -978 -1314 -1464 -888

ZINC -1100 -575 -350 -975 -950

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 Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and found
the important resistance level of 4005. If prices
sustains below 3950 level in next trading session
then this bearish momentum can take prices to 3800
level. If it breaks the resistance level of 4010 then
4150 will act as next resistance level.

PIVOTS S1 S2 R1 R2

3950 3800 4010 4150

JEERA
Jeera showed bearish movement today and found
the support level of 17790. If prices sustain below
17750 levels in next trading session then this
bearish momentum can take prices to 17500 levels.
If it breaks the resistance level of 18100 then 18300
will act as next resistance level.

PIVOTS S1 S2 R1 R2

17750 17500 18100 18300

SOYABEAN
Soyabean showed sideways movement and found
the important support level of 2850. If prices sustain
below 2830 level in next trading session then this
bearish momentum can take prices to 2800 level. If
it breaks the support level of 2900 then 2930 will act
as next support level.

PIVOTS S1 S2 R1 R2

2830 2800 2900 2930

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 Intraday Super Star
(Premium Section)

CALL: SELL ZINC BELOW 178.20 TARGETS 177.20/176.20 SL 179.70

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 Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 381 TARGETS 378/375 SL 387.

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 Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 42450 TARGETS 42750/43050 SL 42000

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