16-Aug-2019

Gold prices were lower on Friday in Asia as stock markets recovered, although trade concerns remained. Stock
markets recovered today, but Sino-U.S. trade concerns remained after China’s threat to take countermeasures
against new U.S. tariffs. Ongoing Hong Kong protests are also expected to further complicate the relationship
between the U.S. and China as Beijing asked U.S. President Donald Trump to refrain from commenting on the
Hong Kong problems. Looking ahead, investors are waiting for more central-bank easing, particularly from the
U.S. Federal Reserve, before committing to deeper positions in the yellow metal. Oil prices gained on Friday in
Asia as recession fears eased somewhat following the release of better-than-expected U.S. retail sales figures. A
rise in U.S. retail sales was cited as easing some concerns of a potential recession. An inversion of the U.S. bond
yield, ongoing Sino-U.S. trade war and weak Chinese data sent global stocks and most risk assets down earlier
this week. The three-month copper price on the LME was little moved during morning trading on Friday August
16, with its price action largely unfazed by another fresh inflow of some 31,000 tonnes, while nickel futures held
gains above $16,100 per tonne. The red metal’s three-month price was recently trading around $5,752.50 per
tonne, mostly unchanged from its Thursday closing price of $5,751 per tonne. Fresh deliveries of copper this
week now total more than 60,000 tonnes, the largest inflow since July 5. Later market will Eye on USD Building
permit & Prelim UoM consumer sentiment data.

Commodity CMP % Chg Open High Low Volume

Gold 37887 -0.73 38143 38220 37752 6800
Silver 43741 -0.77 44119 44130 43552 9624
Crude 3939 0.64 3923 3964 3918 71413
Natural Gas 156 2.23 153.7 158.7 153.7 18511
Copper 445.85 -0.55 448.5 448.5 445.15 5433
Nickel 1132.3 0.04 1138 1161.9 1129 31409
Lead 153.75 -0.32 154.5 154.8 153.5 2939
Zinc 184.35 -0.03 184.6 184.8 183.8 5147
Aluminum 140.65 -0.32 140.75 141.2 140.55 1029

Commodity CMP % Chg

Indices Rate % Chg Gold 1516.3 -0.58
Dow Futures 25827 0.99 Silver 17.148 -0.38
CAC 5295 1.11 Crude 55.28 1.52
DAX 11531 1.04 Natural Gas 2.186 -2.06
Shanghai 2823 0.29 LME Copper 5750 0.18
Dollar Index 98.29 0.15 LME Zinc 2276 0.62
LME Lead 2044 -0.67
LME Nickel 16047 -0.88
LMEAluminum 1782 -0.10
Daily Report – Equity

Time Event Forecast Previous

06:00 pm USD Building permits 1.27M 1.23M
07:30 pm USD Prelim UoM Consumer Sentiment 97.2 98.4

 
  1
                       SSJ Commodities Pvt. Ltd. 
 16-Aug-2019

BEARISH TECHNICAL LEVELS:

TECHNICAL COMMENTRY:
SUPPORT 3 37218
As long as 38000/38200 resist then we could see
levels of 37600/37500. SUPPORT 2 37485
SUPPORT 1 37686
PIVOT 37953
RESISTANCE 1 38063
RESISTANCE 2 38421
RESISTANCE 3 38622

BEARISH TECHNICAL LEVELS:

TECHNICAL COMMENTRY: SUPPORT 3 42907

SUPPORT 2 43230
As long as 44000/44300 resist then we could see
levels of 43400/43100. SUPPORT 1 43485
PIVOT 43808
RESISTANCE 1 43943
RESISTANCE 2 44386
\\
RESISTANCE 3 44641

BULLISH

TECHNICAL COMMENTRY: TECHNICAL LEVELS:

As long As 3900/3870 holds support then we could

SUPPORT 3 3871
see levels of 3970/4000.
SUPPORT 2 3894
SUPPORT 1 3917
PIVOT 3940
RESISTANCE 1 3951
Daily Report – Equity
RESISTANCE 2 3986
RESISTANCE 3 4009

 
  2
                       SSJ Commodities Pvt. Ltd. 
 16-Aug-2019

BULLISH
TECHNICAL LEVELS:

TECHNICAL COMMENTRY:
SUPPORT 3 148.6
As long As 154/152 holds support then we could
see levels of 159/161. SUPPORT 2
151.1
SUPPORT 1 153.6
PIVOT 156.1
RESISTANCE 1 157.3
RESISTANCE 2 161.1
RESISTANCE 3 163.6

BEARISH TECHNICAL LEVELS:

TECHNICAL COMMENTRY: SUPPORT 3

As long As 449/452 resist then we could see 441.15
levels of 442/440.
SUPPORT 2
443.15
SUPPORT 1
444.50
PIVOT
446.50
RESISTANCE 1
447.30
RESISTANCE 2
449.85
RESISTANCE 3
451.20

BEARISH TECHNICAL LEVELS:

TECHNICAL COMMENTRY:
SUPPORT 3 182.85
As long As 186/188 resist then we could see levels
of 183/181. SUPPORT 2
183.30
SUPPORT 1 183.85
Daily Report – Equity
PIVOT 184.30
RESISTANCE 1 184.55
RESISTANCE 2 185.30
RESISTANCE 3 185.85

 
  3
                       SSJ Commodities Pvt. Ltd. 
 16-Aug-2019

BULLISH
TECHNICAL LEVELS:
TECHNICAL COMMENTRY:
As long As 1120/1110 holds support then we could
see levels of 1150/1160. SUPPORT 3
1,087.3
SUPPORT 2 1,108.2
SUPPORT 1 1,120.2
PIVOT 1,141.1
RESISTANCE 1 1,148.8
RESISTANCE 2 1,174.0
RESISTANCE 3 1,186.0
BULLISH
TECHNICAL LEVELS:
TECHNICAL COMMENTRY:

As long as to 152/150 holds support then We SUPPORT 3 151.95

Could See Levels of 155/157.
SUPPORT 2 152.70
SUPPORT 1 153.25
PIVOT 154.00
RESISTANCE 1 154.30
RESISTANCE 2 155.30
RESISTANCE 3 155.85

BULLISH
TECHNICAL LEVELS:
TECHNICAL COMMENTRY:

As long as to 139/138 holds support then We SUPPORT 3 139.75

Could See Levels of 142/144.
SUPPORT 2
140.15
SUPPORT 1 140.40
G
Daily Report – Equity PIVOT
140.80
RESISTANCE 1 140.95
RESISTANCE 2 141.45
RESISTANCE 3 141.70

 
  4
                       SSJ Commodities Pvt. Ltd. 
 16-Aug-2019

Research Desk

PRIYANK UPADHYAY priyank.upadhyay@ssjfinance.com +91 22 4300 8861

(AVP-RESEARCH)

VIRAT UPADHYAY virat.upadhyay@ssjfinance.com +91 22 4300 8870

(RESEARCH ANALYST)

/DISCLAIMER
This document has been prepared by SSJ Finance & Securities Private Limited (SSJF). SSJF and its group/associate is/are a full service integrated broking
house.

This document is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The investment
discussed or views expressed may not be suitable for all investors. This document does not constitute an offer or solicitation for the purchase or sale of any
financial instrument or as an official confirmation of any transaction. All market prices, net assets values, units, quantities, loads, brokerages, service taxes
and other levies are subject to change without notice. The investments in financial products could be illiquid for long period of time and the markets for these
products may disappear and the price discovery may not exist. Also the value, income, appreciation, returns, yield of any of the securities or financial
instruments mentioned in this statement are based on current market conditions and subject to change. The levels and bases of, and relief from, taxation can
change. SSJF acts merely as a broker cum distributor and is not a custodian of these securities or financial instruments. Please note, however, that some data
has been derived from sources that we believe to be reliable but is not guaranteed. Please review this information for accuracy as SSJF cannot be responsible
for omitted or misstated data. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or
located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or
which would subject SSJF and affiliates/ group companies to any registration or licensing requirements within such jurisdiction. The distribution of this
document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and
observe, any such restrictions. This information is subject to change without any prior notice. SSJF reserves the right to make modifications and alterations to
this statement as may be required from time to time. However, SSJF is under no obligation to update or keep the information current. Nevertheless, SSJF is
committed to providing independent and transparent recommendation to its client and would be happy to provide any information in response to specific
client queries. Neither SSJF nor any of its affiliates, group companies, directors, employees, agents or representatives shall be liable for any damages whether
direct, indirect, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. The
information given in this document is as of the date of this report and there can be no assurance that future results or events will be consistent with this
information. Please note that past performance of Capital / Debt Market / Financial Products / Instruments does not necessarily indicate the future prospects
and performance thereof. SSJF may have included statements/opinions/recommendations in this document which may contain words or phrases such as
“will”, “expect”, “should” and similar expressions or variations of such expressions, that could be “forward looking statements”.

Actual results may differ materially from those suggested by the forward looking statements due to risks or uncertainties associated with our expectations
with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an
impact on our services and/or investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign
exchange rates, equity prices or rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws,
regulations and taxes and changes in competition in the industry. By their nature, certain market risk disclosures are only estimates and could be materially
different from what actually occurs in the future. As a result, actual future gains or losses could materially differ from those that have been estimated. SSJF
generally prohibits its analysts, persons reporting to analysts and their dependents from maintaining a financial interest in the securities or derivatives of any
companies that the analysts cover. The disclosures of interest statements, if any, incorporated in this document are provided solely to enhance the
transparency and should not be treated as endorsement of the views expressed in the report. The analyst for this report certifies that all of the views expressed
in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her
compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. SSJF is not liable for any delay
in the receipt of this statement. SSJF and affiliates, group companies, officers, directors and employees may: (a) from time to time, have long or short
positions in, and buy or sell the securities thereof, of company(ies) mentioned herein or (b) be engaged in any other transaction involving such securities and
earn brokerage or other compensation or act as advisor or lender/borrower to such company (ies) or have other potential conflict of interest with respect to
any recommendation and related information and opinions. The said persons may have acted upon and/or in a manner contradictory with the information
contained here. This document is intended to be used only by resident Indians, non-resident Indians, persons of Indian origin, subject to the applicable laws
and regulations of any Indian or foreign regulatory authority. The information contained in this document is strictly confidential and is intended for the use
by recipient only. Receipt and review of this document constitutes your agreement not to circulate, redistribute, retransmit or disclose to others the contents,
opinions, conclusion, or information contained herein, in whole or in part, or in any form or manner, without the express written consent of SSJF. In the
preparation of the material contained in this document, SSJF has used information that is publicly available, including information developed in-house
Information gathered & material used in this document is believed to be from reliable sources and is given in good faith. SSJF however does not warrant the
accuracy, reasonableness and/or completeness of any information. Investments in Capital / Debt Market / Financial Products / Instruments are subject to
market risksDaily Report
and yields – Equity
and may fluctuate depending on various factors affecting capital/debt markets.
Kindly read the Risk Disclosure Documents carefully before investing in Equity Shares, Derivatives, Commodities or other instruments. The user assumes
the entire risk of any use made of this information. Each recipient of this document should make such investigation as it deems necessary to arrive at an
independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should
consult his own advisors to determine the merits and risks of such investment. SSJF or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any error in the information contained in this report. For data reference to any third
party in this material no such party will assume any liability for the same. This document should not be regarded as solicitation of business in any jurisdiction
including India. The information provided in these reports remains, unless otherwise stated, the copyright of SSJF. All layout, design, original artwork,
concepts and other Intellectual Properties, remains the property and copyright SSJF and may not be used in any form or for any purpose whatsoever by any
party without the express written permission of the copyright holders. This document has been sent to you in an electronic form. You are reminded that
documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently neither SSJF, nor its
affiliates/ group companies, nor any person who controls them nor any director, officer, employee nor agent of them or affiliate/group company of any such
person accepts any liability or responsibility whatsoever for such alteration or change in the document

 
  5
                       SSJ Commodities Pvt. Ltd.