Daily Market Reflection

9th November 2016

COMDEX

Market Outlook
Commodities witnessed a massive movement after the outcome
of US election and Government announcement of banning legal
tender of Rs.500 and Rs. 1000 currency notes. Yesterday gold
closed lower while silver as up. Bullion gave a gap up opening
while base metals and energy witnessed massive gap down
opening. Bullion may continue to go up while other commodities
may go down. Yesterday crude closed higher after the American
Petroleum Institute reported a 4.4 million-barrel rise in U.S.
crude supplies for the week ended Nov. 4. Base metals were
mixed.
Fundamental News
Gold futures flipped between small losses and gains Tuesday, a
day after suffering their sharpest one-day percentage loss in
about five weeks, with traders showing caution ahead of the
outcome of the U.S. presidential election.
Price of copper and nickel strengthened by upto Rs 3 per kg at
the non-ferrous metal market today on increased stockists
buying following upsurge in demand from consuming industries
amid a firm global trend.

Important Data
Time

Currenc
y

3:00pm

GBP

3:30pm

EUR

Event

Goods Trade
Balance
EU Economic
Forecasts
Mortgage
Delinquencies

Forecas
t

Previou
s

-11.3B

-12.1B

Market Updates
MCX
Date
7-11-16
GOLD
30048
SILVER
42880
COPPER
341.40
CRUDE
2966
ALUMINIUM
115.10
LEAD
139.80
NICKEL
747.70
ZINC
164.80
NATURALGAS 187.70
COMEX

Date
8-11-16
29879
43233
348.75
3007
114.70
140.90
744.20
164.50
177.50

4.66%

-0.66%
+0.70%
+2.23%
+1.35%
-0.39%
+0.82%
-0.47%
-0.18%
-5.53%

Date
8-11-16
1278.25
18.477
45.09
2.375
97.90

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
7-11-16
1279.40
18.151
44.89
2.310
97.78

USDINR

66.9300

66.8075

-0.18%

-0.09%
+1.80%
+0.51%
+2.84%
+0.12%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L

08/1 CRUDE
1
USD
Multibagger
Final Wholesale
Date Commodity Entry
Exit
USD
8:30pm
0.2%
0.2%
Inventories m/m
08/1 COPPER
341.50 346.50
1
Crude Oil
9:00pm
14.4M
USD
Trifid special
Inventories
Date Commodity Entry
Exit
10-y
Bond
Auction
1.79|2.5
USD
08/1 GOLD
30000 29800
11:31pm
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| Toll Free: 1800-270-1410
1
For our next calls click here..
9th-12th

% Chg

P/L
5000

P/L
20000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

29700
1270

29300
1260

30200
1285

30500
1295

SILVER

Gold showed sideways movement and found the

important support level of 29700. Now if it will close
above the important resistance level of 30100 then
30500 will act as next resistance level. On lower side
29700 will act as vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

42800
18.30

42300
18.10

44000
18.60

44500
18.80

Silver showed sideways movement and found the

important support level of 42850. Now if it will close
above the important resistance level of 43700 then
44300 will act as next resistance level. On lower side
42500 will act as vital support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2950

2900

3025

3100

COMEX

44.40

43.50

45.50

46.50

COPPER

Crude showed bearish movement and found the

important support of 2950. Now if it will break the next
support level of 2900 then 2850 will act as next key
support level. On the other hand 3025 will act as a
major resistance level, if it breaks the prices could visit
3100 level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

345

340

350

355

COMEX

2.3500

2.1500

2.3750

2.3950

Copper showed bullish movement and found the

important resistance level of 350. Now if it will break the
resistance level of 350 then 355 will act as next support
level. On the other hand 345 will act as a major support
level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

114

112.90

116.20

118

6749

5452

Bearish

LEAD

139.70

138.50

142

143.50

15908

4388

Bullish

NICKEL

735

720

760

775

52584

9013

Bearish

ZINC

163.60

161.50

165.80

167

29567

13200

Bullish

NATURAL GAS

175

170

182

190

94112

13097

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO3/11/2016
LME DATA TODAY
COMMODITIES
2/11/2016

4/11/2016

7/11/2016

8/11/2016

ALUMINIUM

-3200

-4400

-1876

-5276

-5076

COPPER

-475

-8400

-5602

-6602

-6774

LEAD

-125

-224

-226

-74

NICKEL

-102

+174

+611

-545

-194

ZINC

-150

-200

-1026

-299

-476

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Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and breached
the important support level of 3310. Now if it will
break the support level of 3310 then 3270 will act as
next support level. On the other hand 3360 will act
as a major resistance level.

PIVOTS

S1

S2

R1

R2

3320

3270

3360

3400

JEERA
Jeera showed bearish movement breached to
support level of 17800. Now on higher side 18200
will act as important resistance level above which it
will pull towards the resistance level of 18500. On
lower side bearish movement drags it towards the
support level of 17700.

PIVOTS

S1

S2

R1

R2

17700

17400

18200

18500

SOYABEAN
Soyabean showed bearish movement and breached
the important support of 3060. Now if it will break
the support level of 3060 then 3020 will act as next
support level. On the other hand 3100 will act as a
major resistance level.

PIVOTS

S1

S2

R1

R2

3060

3020

3090

3130

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Intraday Super Star

(Premium Section)

CALL: SELL SOYABEAN BELOW 3060 TARGETS 3030/3000 SL 3110.

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Multibagger Call
(Premium Section)

CALL: BUY CRUDE ABOVE 3025 TARGETS 3075/3125 SL 2950.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 29800 TARGETS 29700/29600 SL 29950.

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