HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

Market Wrap-Up

MCX Market Wrap-Up

% Change in
Previous % Change in % Change
Commodity Contract Open High Low Close Open Inter-
Close Price in Volume
est
Aluminium 29-Jun-18 155.25 155.30 158.95 154.85 156.90 1.06% 4.42% -4.28%
Copper 29-Jun-18 458.85 459.70 493.25 458.70 491.25 7.06% 110.20% 79.80%
Crude Oil 19-Jun-18 4428 4409 4479 4305 4445 0.38% -20.27% -18.47%
Gold 03-Aug-18 30909 30900 31334 30825 31215 0.99% -1.80% -37.50%
Lead 29-Jun-18 164.90 164.50 171.60 168.50 166.65 1.06% 28.58% 43.86%
Natural Gas 26-Jun-18 198.40 198.90 201.10 192.70 195.80 -1.31% -6.59% -0.27%
Nickel 29-Jun-18 995.60 1032.80 1063.50 1022.80 1043.10 4.77% -1.30% -29.72%
Silver 05-Jul-18 39537 39543 40714 39461 40412 2.21% -17.31% -4.16%
Zinc 29-Jun-18 207.70 207.90 217.60 205.80 217.40 4.67% 63.52% -87.32%

NCDEX Market Wrap-Up

Previous % Change % Change in % Change in
Commodity Contract Open High Low Close
Close in Price Open Interest Volume

Castor Seed 20-Jun-18 3972 4000 4015 3881 3926 -1.16% -1.33% -3.74%

Chana 20-Jun-18 3550 3555 3555 3400 3407 -4.03% 7.00% 99.59%

Dhaniya 20-Jun-18 4321 4328 4360 4186 4222 -2.29% -0.95% 21.80%

COCUDAKL 20-Jun-18 1373.00 1384.00 1463.00 1366.00 1436.00 4.59% -4.86% 111.33%

Guargum5 20-Jun-18 7662 7612 7620 7200 7486 -2.30% -0.99% 89.57%

Guarseed10 20-Jun-18 3663.50 3648.00 3652.00 3494.50 3611.50 -1.42% -7.54% 100.43%

Jeera 20-Jun-18 16160 16290 16290 15840 16005 -0.96% 0.65% 239.44%

RMseed 20-Jun-18 3962 3963 4034 3930 3988 0.66% 3.56% 14.74%

Ref Soya Oil 20-Jun-18 761.85 760.50 760.50 745.50 748.30 -1.78% 2.27% -11.76%

Soyabean 20-Jun-18 3570 3559 3580 3468 3474 -2.69% -17.61% -17.28%

Turmeric 20-Jun-18 7100 7110 7132 6898 7070 -0.42% -5.52% 318.30%

Mentha Oil 29-Jun-18 1150.70 1164.00 1255.00 1156.00 1218.40 5.88% 30.37% 61.48%

Currency Market Wrap-Up

Previous Change in
Currency Pair Contract Open High Low Close
Close Price (in%)
USDINR 27-Jun-18 67.2575 67.1475 67.9200 67.0050 67.7300 -7.72%

GBPINR 27-Jun-18 89.7150 89.8600 91.1250 89.5575 90.7650 1.17%

JPYINR 27-Jun-18 61.6825 61.4800 62.1950 60.9350 62.0650 0.62%

EURINR 27-Jun-18 78.8400 78.7400 79.9200 78.5150 79.6100 0.98%

Continued…….
2 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018
Market Wrap-Up

International Market Wrap-up

Previous
Commodity Exchange Open High Low Close % Change in Price
Close
Aluminium LME 2296.25 2303.50 2352.75 2285.50 2308.50 0.53%

Copper COMEX 3.091 3.102 3.297 3.096 3.293 6.54%

Crude Oil NYMEX 65.72 65.71 66.24 64.22 65.74 0.03%

Gold COMEX 1293.00 1293.90 1302.80 1289.90 1298.10 0.39%

Lead LME 2464.75 2457.50 2554.75 2431.50 2471.75 0.28%

Natural Gas NYMEX 2.982 2.974 2.987 2.873 2.890 -3.09%

Nickel LME 15410.00 15392.50 15840.00 15247.50 15460.00 0.32%

Silver COMEX 16.420 16.355 16.865 16.355 16.694 1.67%

Zinc LME 3088.00 3093.00 3220.25 3056.50 3198.50 3.58%

3 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018

Inventory Updates

LME Inventory
Closing In Tonnes Closing In Tonnes
Commodity % Change in Price
(As on 8th June 2018) (As on 1st June 2018)
Copper 310200 311525 -0.43%

Nickel 278790 290604 -4.07%

Lead 132850 133550 -0.52%

Zinc 250975 245750 2.13%

Aluminium 1180175 1205875 -2.13%

Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018
Inventory Updates

5 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018

Market Next Week
Upcoming Economic Events Calender
Time Currency Event Forecast Previous
Monday, June 11, 2018
14:00 GBP Industrial Production (MoM) (Apr) 0.30% 0.10%
14:00 GBP Manufacturing Production (MoM) (Apr) -11.35B -0.10%
14:00 GBP Trade Balance (Apr) -3.20B -12.00B
14:00 GBP Trade Balance Non-EU (Apr) -3.79B
Tuesday, June 12, 2018
14:00 GBP Average Earnings Index +Bonus (Apr) 2.60% 2.60%
14:00 GBP Employment Change 3M/3M (MoM) 124.0K 197.0K
14:00 GBP Unemployment Rate (Apr) 4.20% 4.20%
16:50 USD OPEC Monthly Report
18:00 USD Core CPI (MoM) (May) 0.20% 0.10%
18:00 USD CPI (MoM) (May) 0.20% 0.20%
23:30 USD Federal Budget Balance (May) -135.5B 214.0B
Wednesday, June 13, 2018
14:00 GBP CPI (MoM) (May) 0.40% 0.40%
18:00 USD Core PPI (MoM) (May) 0.20% 0.20%
18:00 USD PPI (MoM) (May) 0.30% 0.10%
20:00 USD Crude Oil Inventories -1.824M 2.072M
23:30 USD FOMC Economic Projections
23:30 USD FOMC Statement
23:30 USD Fed Interest Rate Decision 2.00% 1.75%
Thursday, June 14, 2018
7:30 CNY Industrial Production (YoY) (May) 6.90% 7.00%
14:00 GBP Core Retail Sales (MoM) (May) 0.30% 1.30%
14:00 GBP Retail Sales (MoM) (May) 0.50% 1.60%
18:00 USD Core Retail Sales (MoM) (May) 0.50% 0.30%
18:00 USD Export Price Index (MoM) (May) 0.40% 0.60%
18:00 USD Import Price Index (MoM) (May) 0.50% 0.30%
18:00 USD Initial Jobless Claims 222K 222K
18:00 USD Retail Sales (MoM) (May) 0.40% 0.20%
Friday, June 15, 2018
18:45 USD Industrial Production (MoM) (May) 0.20% 0.70%
19:30 USD Michigan Consumer Sentiment (Jun) 98.5 98
Currency Weekly Pivots
Currency Pair Contract R3 R2 R1 PP S1 S2 S3

USDINR 27-Jun-18 69.4000 68.4500 68.1000 67.5500 67.2000 66.6500 65.7000

GBPINR 27-Jun-18 93.6500 92.0500 91.4500 90.5000 89.9000 88.9500 87.3500

JPYINR 27-Jun-18 64.2500 63.0000 62.5500 61.7500 61.3000 60.5000 59.2500

EURINR 27-Jun-18 82.1500 80.7500 80.2000 79.3500 78.8000 77.9500 76.5500

Continued…….
6 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018
Market Next Week

MCX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Aluminium 29-Jun-18 165.10 161.00 158.95 156.90 154.85 152.80 148.70

Copper 29-Jun-18 550.15 515.6 503.4 481.05 468.85 446.50 411.95

Crude Oil 19-Jun-18 4758 4584 4514 4410 4340 4236 4062

Gold 03-Aug-18 32143 31634 31424 31125 30915 30616 30107

Lead 29-Jun-18 175.10 172.00 169.30 168.90 166.20 165.80 162.70

Natural Gas 26-Jun-18 213.35 204.95 200.40 196.55 192.00 188.15 179.75

Nickel 29-Jun-18 1125 1084 1064 1043 1023 1002 962

Silver 05-Jul-18 42702 41449 40930 40196 39677 38943 37690

Zinc 29-Jun-18 237.20 225.40 221.40 213.60 209.60 201.80 190.00

NCDEX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Castor Seed 20-Jun-18 4209 4075 4000 3941 3866 3807 3673

Chana 20-Jun-18 3764 3609 3508 3454 3353 3299 3144

Dhaniya 20-Jun-18 4604 4430 4326 4256 4152 4082 3908

COCUDAKL 20-Jun-18 1616 1519 1477 1422 1380 1325 1228

Guargum5 20-Jun-18 8275 7855 7671 7435 7251 7015 6595

Guarseed10 20-Jun-18 3901 3744 3678 3586 3520 3429 3271

Jeera 20-Jun-18 16945 16495 16250 16045 15800 15595 15145

RMseed 20-Jun-18 4192 4088 4038 3984 3934 3880 3776

Ref Soya Oil 20-Jun-18 781 766 757 751 742 736 721

Soyabean 20-Jun-18 3731 3619 3547 3507 3435 3395 3283

Turmeric 20-Jun-18 7501 7267 7169 7033 6935 6799 6565

Mentha Oil 29-Jun-18 1408 1309 1264 1210 1165 1111 1012

7 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018

MCX Fundamentals

BULLION
Gold prices fell nearly 1 percent last week as supply remained dominant on higher
levels. Distribution can be seen for last few weeks as prices are not approaching
towards new highs that were seen last in April month.One can expect prices to find
immediate hurdle near Rs.31100 mark whereas Rs.31350 as key region of resis-
tance for the week. On the other hand prices are getting support near Rs.30800
mark and a convincing break below the same can allow prices to witness some seri-
ous pressure towards Rs.30500 level. Trade tensions remain in the markets ahead
of the G7 summit, which will include talks on the US-instigated global trade dis-
pute.

BASE METALS

Threemonth base metals prices on the London Metal Exchange consolidated on

the morning of Friday June 8 amid concerns that the latest trade figures from
China could stoke further trade tensions.This as world leaders gather in Canada for
the 44th G7 Summit where likely topics for discussion include global economic is-
sues such as trade relations and tariffs.

ENERGY

Anxiety amongst the oil traders was clearly visible as counter continued its losing
streak for the second week in a row. The decline was strong and now over ex-
tended with RSI trading in oversold zone close to 22 on four hourly charts.Keeping
in view the price structure a small bounce is on the cards which will take prices to
next resistance levels of Rs.4550 from where fresh sellers are expected to step
in.It was a tough bout for bears as decline in the energy counter could not sustain
and prices recouped by end of the week closing lower by 0.5% at Rs.198.40. Bulls
gained strength as prices witnessed a bounce from 20 EMA on daily charts.

8 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018

NCDEX Fundamentals

SPICES
There was no strong movement for Jeer even as prices traded slight firm with
markets finding immediate support near the 16000 mark even as lack of strong
demand amidst moderate arrivals prevented strong recovery in Jeer rates. Rising
export demand from China amidst falling arrivals kept supporting the price.
Slight
. weak trend persisted for Turmeric with good monsoon reports pressuriz-
ing prices. Prospects of rising export and domestic demand could support prices
but early arrival of Monsoon and its expected favourable impact on the new
crop sowing kept uptrend limited.

OILSEEDS
Edible oil market was subdued as there was no favourable news regarding
possibilities of further hike in import duties. Futures have reversed the gains
in last 8-10 trading sessions. The upward trend had eased of late mainly due
to weak tone in palm oil and soy bean. The USDA report released this month
was perceived as neutral from price movement perspective therefore with
futures now trading reasonably lower possibility for a long lasting down-
ward movement seems lesser for the current month.Mentha Oil prices sta-
bilized at these levels as rains in growing areas in UP have created appre-
hensions of that having adverse impact on the harvesting of the crop.

GUAR COMPLEX

Prices found some support at these lower levels even as sentiments re-
mained weak on good monsoon reports. However market sources anticipate
further fall to be limited with no bearishness in overall Fundamental factors
as such. There is still time for monsoon to reach growing areas in Rajasthan.
Prices are falling due to bearish market perceptions for now.

OTHERS

RM seed commenced the session on strong note but profit taking due to
weakness in soybean and edible oils pushed closing prices slightly lower.
However In forthcoming sessions summer demand lowering arrivals and drop
in the crop acreage shall be influential in keeping the upward trend intact. As
broad based view is bullish futures are able to recover sharply whenever
sharp fall occurs.Rates shot up for Cotton on the International and domestic
markets as fundamentals remained strong as per Cotton Association of India
(CAI) Indian production for 2017-18 has been lowered by 5 lakh bales of 170
kg each to 362 lakh bales.

9 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018

Calls of the Week (MCX)

GOLD

Last week Gold started the week on positive note and continued the same for the entire week. It made a high of 31334
during the week and closed at 31215 with the overall gain of almost 1% on weekly basis. Market is continuously sus-
taining above the level of 30000 indicating bullish trend from short term to mid term basis. Technically it formed Bull-
ish Engulfing Candlestick pattern on the weekly chart with the RSI entering in to the positive territory and for this
week, we can expect further upside movement in it. For this week, if it breaks the level of 31140 then it can test the
level of 31290 during the week. One can make buy position in it by maintaining a SL 31075.

WEEKLY STRATEGY

PERTICULAR DETAILS

Action Buy

Entry Range ABOVE 31140

Target 31290

SL 31075

COPPER

After strong bull rally market is forming double top formation on higher level indicating short term recovery in copper.
Last week Copper started the week on positive note and close with the overall gain of 7% on weekly level, but found
enough resistance near the level of490 level.Technically it consolidating on the charts with the negative bias & RSI and
for this week, we can expect downside movement in it. For this week, if it breaks the level of 482 then it can test the
level of 467 during the week. One can make sell position in it by maintaining a SL 489

WEEKLY STRATEGY

PERTICULAR DETAILS

Action Sell

Entry Range Below 482

Target 467

SL 489

10 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018

Calls of the Week (NCDEX)
COCKUDAKL
From last couple of trading days market is trading with the positive sentiment, as the level of 1300 reacting as a strong
support level. We are expecting that market can still trade with the bullish trend for this week to the level of 1660 and
then 1700. Last week market started the week on positive note and continue the same for the entire week. It made a
high of 1463 during the week with overall gain of 4% on weekly basis. For this week, if it breaks the level of 1510 then
it can test the level of 1660 during the week. One can make buy position in it by maintaining a SL 1450.
WEEKLY STRATEGY

PERTICULAR DETAILS

Action Buy

Entry Range Above 1510

Target 1660

SL 1450

DHANIYA
Market is continuously trading with the negative trend and we can expect further down trend movement in it for this
week also supported by 100 days moving average. It made a low of 4186 during the week and closed at the level of
4222 with overall loss of 2.30% on weekly basis. Technically it consolidating on the charts with the negative bias & RSI
and for this week, we can expect downside movement in it. For this week, if it breaks the level of 4240 then it can test
the level of 4090 during the week. One can make sell position in it by maintaining a SL 4305

WEEKLY STRATEGY

PERTICULAR DETAILS

Action Sell

Entry Range Below 4240

Target 4090

SL 4305

11 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018

Calls of the Week (FOREX)

JPYINR
Last week JPYINR Jun Futures started the week on negative note and made a low of 60.9350 but till the end of the
week, all of its earlier losses were erased and it closed at 62.0650 with the overall gain of 0.62% on weekly basis. Tech-
nically it consolidating on the charts with the negative bias & RSI and for this week, we can expect downside move-
ment in it. For this week, if it breaks the level of 61.3600 then it can test the level of 60.8600 during the week. One can
make sell position in it by maintaining a SL 61.6625

WEEKLY STRATEGY

PERTICULAR DETAILS

Action Sell

Entry Range Below 61.3600

Target 60.8600

SL 61.6625

EURINR
Last week EURINR Jun Futures started the week on positive note and continued the same for the entire week. It made
a high of 79.9200 during the week and closed at 79.6100 with the overall gain of almost 1% on weekly basis. Techni-
cally it formed Bullish Engulfing Candlestick pattern on the weekly chart with the RSI entering in to the positive terri-
tory and for this week, we can expect further upside movement in it. For this week, if it breaks the level of 79.8200
then it can test the level of 80.3125 during the week. One can make buy position in it by maintaining a SL 79.4975
WEEKLY STRATEGY

PERTICULAR DETAILS

Action Buy

Entry Range Below 79.8200

Target 80.2125

SL 79.4975

12 Copyright © 2018 Ways2Capital. All rights reserved 12/06/2018

Disclaimer
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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.
ररपोटा नवश्लेषकों द्वारा तैयार की गयी है जो द्वारा हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड द्वारा ननयुक्त हैं | इस ररपोटा में व्यक्त सभी नवचार कं पनी के बारे में व्यनक्तगत नवचारों को दशााता है और कं पननयों और उनकी
प्रनतभूनतयां और क्षनतपूर्तत (मुआवजे) का कोई नहस्सा, या इस शोध ररपोटा में नननहत नवशेष सुझावों या नवचारों से प्रत्यक्ष या अप्रत्यक्ष रूप से संबंनधत नहीं होगा।

DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (नहतों के संघषा के मामले में प्रकटीकरण ):

(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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कं पनी में कोई नवत्तीय रुनच नहीं है और न ही इस तरह की नवत्तीय नहत की प्रकृ नत 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कं पनी की प्रनतभूनतयों में एक प्रनतशत या उससे अनधक के वास्तनवक / िंायदेमंद स्वानमत्व नहीं हैं |
(c) 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;
(स) हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोनगयों को अनुसंधान ररपोटा के प्रकाशन के समय या सावाजननक रूप से उपनस्थत होने के समय कोई अन्य भौनतक संघषा नहीं है|

DISCLOSURE IN TERMS OF COMPENSATION ( क्षनतपूर्तत के संदभा में प्रकटीकरण):

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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड की पॉनलसी अपने नवश्लेषकों, पेशेवरों को नवश्लेषक के क्षेत्र में ककसी भी कं पनी की प्रनतभूनतयों के स्वामी से नवश्लेषकों को ररपोटा करने से रोकती है।
नवश्लेषक क्षनतपूर्तत : नवश्लेषक हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड के वेतन आधाररत स्थायी कमाचारी है |

DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के मामले में प्रकटीकरण ) :

(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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नपिले 12 महीनों में नवषय कं पनी से कोई मुआवजा प्राप्त नहीं ककया 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 ररपोटा के नवतरण की नतनथ से पूवा बारह महीनों के दौरान नवषय कं पनी अब या कभी भी ग्राहक नहीं रही 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नवषय कं पनी के अनधकारी, ननदेशक या कमाचारी के रूप में कभी भी काम

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