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 30-Nov-18 145.25 145.90 146.80 143.20 144.85 -0.28% 14.00% -15.16%

Copper 30-Nov-18 444.70 445.50 452.70 432.35 451.25 1.47% 83.47% 1.64%

Crude Oil 16-Nov-18 4,951 4,963 4,979 4,559 4,609 -6.91% 0.64% 76.62%

Gold 05-Dec-18 31937 31903 32020 31600 31750 -0.59% -21.24% -7.44%

Lead 30-Nov-18 145.3 145.35 146.85 138.25 145.7 0.28% 76.93% -16.72%

Natural Gas 27-Nov-18 232.90 233.70 243.70 230.70 240.50 3.26% -7.00% 30.64%

Nickel 30-Nov-18 864.20 865.00 881.00 850.60 870.40 0.72% -21.61% -26.86%

Silver 05-Dec-18 38712 38819 38972 38001 38620 -0.24% -0.33% -5.76%

Zinc 31-Oct-18 198.45 197.90 198.90 187.40 188.65 -4.94% 20.46% -42.19%

NCDEX Market Wrap-Up

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

Castor Seed 20-Nov-18 5550.00 5504.00 5840.00 5504.00 5764.00 3.86% -11.96% 1.37%

Chana 20-Nov-18 3981.00 3981.00 4100.00 3981.00 4091.00 2.76% -15.58% 0.32%

Dhaniya 20-Nov-18 6004.00 6000.00 6423.00 5947.00 6384.00 6.33% 7.01% 0.06%

COCUDAKL 20-Dec-18 1872.50 1862.00 1874.50 1795.00 1833.50 -2.08% -36.65% -10.45%

Guargum5 20-Nov-18 10471.00 10444.00 10611.00 9957.00 10345.00 -1.20% 11.55% 1.72%

Guarseed10 20-Nov-18 4791.00 4780.00 4843.00 4581.00 4737.00 -1.13% 24.94% 19.59%

Jeera 20-Nov-18 19925.00 19950.00 21175.00 19810.00 21110.00 5.95% 50.26% -0.72%

RMseed 20-Nov-18 4259.00 4248.00 4259.00 4141.00 4164.00 -2.23% 5.87% 4.60%

Ref Soya Oil 20-Nov-18 752.20 753.00 760.50 751.10 755.55 0.45% -23.83% -2.09%

Soyabean 20-Nov-18 3322.00 3348.00 3450.00 3315.00 3422.00 3.01% 64.56% 12.41%

Turmeric 20-Nov-18 6718.00 6750.00 6908.00 6638.00 6650.00 -1.01% 54.13% 14.40%

Mentha Oil 31-Dec-18 1780.10 1790.00 1846.10 1763.00 1767.90 -0.69% 2.36% -13.71%
Currency Market Wrap-Up
Previous Change in
Currency Pair Contract Open High Low Close
Close Price (in%)
USDINR 28-Nov-18 73.6800 73.6225 74.4475 72.6100 72.6450 -1.40%

GBPINR 28-Nov-18 94.3850 94.3800 95.3975 94.2300 94.7200 0.35%

JPYINR 28-Nov-18 65.8900 65.9000 65.9725 64.4200 64.4750 -2.15%

EURINR 28-Nov-18 83.7550 83.9625 84.5500 83.2050 83.3475 -0.49%

Continued…….
2 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018
Market Wrap-Up

International Market Wrap-up

Previous
Commodity Exchange Open High Low Close % Change in Price
Close
Aluminium LME 2001.00 2004.50 2005.75 1953.75 1978.75 -1.11%
Copper COMEX 2.744 2.763 2.803 2.653 2.803 2.15%

Crude Oil NYMEX 67.59 67.55 67.95 62.63 63.14 -6.58%

Gold COMEX 1232.50 1227.70 1233.30 1212.00 1230.90 -0.13%

Lead LME 1983.50 1993.00 2025.50 1891.25 2005.25 1.10%

Natural Gas NYMEX 3.185 3.139 3.318 3.100 3.284 3.11%

Nickel LME 11877.50 11905.00 12157.50 11492.50 11937.50 0.51%

Silver COMEX 14.635 14.460 14.460 14.340 14.707 0.49%

Zinc LME 2659.50 2654.50 2665.25 2478.00 2548.500 -4.17%

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

Inventory Updates

LME Inventory
Closing (As on 2nd Nov 18) Closing (As on 26th Oct 18)
Commodity % Change in Price
In tones in tones

Aluminium 1047325 1049525 -0.21%

Copper 136675 149575 -8.62%

Lead 113550 112475 0.96%

Nickel 218868 219654 -0.36%

Zinc 144175 157725 -8.59%

Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018
Inventory Updates

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Market Next Week
Upcoming Economic Events Calender
Time Currency Event Forecast Previous

Monday, November 5, 2018

20:15 USD Markit Composite PMI (Oct) 54.8 54.8
20:15 USD Services PMI (Oct) 54.7 54.7

20:30 USD ISM Non-Manufacturing Employment (Oct) 62.4

20:30 USD ISM Non-Manufacturing PMI (Oct) 59.3 61.6

Tuesday, November 6, 2018
5:31 GBP BRC Retail Sales Monitor (YoY) (Oct) 0.60% -0.20%
20:30 USD JOLTs Job Openings (Sep) 7.136M
Wednesday, November 7, 2018
21:00 USD Crude Oil Inventories 3.217M
Thursday, November 8, 2018
Tentative CNY Exports (YoY) (Oct) 12.00% 14.50%
Tentative CNY Trade Balance (USD) (Oct) 36.27B 31.70B
19:00 USD Initial Jobless Claims 214K 214K
Tentative CNY Imports (YoY) (Oct) 14.30% 14.30%
Friday, November 9, 2018
0:30 USD Fed Interest Rate Decision 2.25% 2.25%
7:00 CNY CPI (MoM) (Oct) 0.20% 0.70%
7:00 CNY PPI (YoY) (Oct) 3.40% 3.60%
15:00 GBP Business Investment (QoQ) (Q3) 0.20% -0.70%
15:00 GBP Exports (QoQ) -3.60%
15:00 GBP GDP (QoQ) (Q3) 0.60% 0.40%
15:00 GBP Imports (QoQ) -0.80%
15:00 GBP Manufacturing Production (MoM) (Sep) 0.10% -0.20%
15:00 GBP Monthly GDP 3M/3M Change 0.60% 0.70%
15:00 GBP Trade Balance (Sep) -11.40B -11.20B
19:00 USD Core PPI (MoM) (Oct) 0.20% 0.20%
19:00 USD PPI (MoM) (Oct) 0.30% 0.20%
20:30 USD Michigan Consumer Sentiment (Nov) 98 98.6
Currency Weekly Pivots
Currency Pair Contract R3 R2 R1 PP S1 S2 S3
USDINR 28-Nov-18 76.9500 75.1000 73.9000 73.2500 72.0500 71.4000 69.5500
GBPINR 28-Nov-18 97.1500 95.9500 95.3500 94.8000 94.2000 93.6500 92.4500
JPYINR 28-Nov-18 68.0500 66.5000 65.5000 64.9500 63.9500 63.4000 61.8500
EURINR 28-Nov-18 86.4000 85.0500 84.2000 83.7000 82.8500 82.3500 81.0000
Continued…….
6 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018
Market Next Week

MCX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Aluminium 30-Nov-18 152.15 148.55 146.70 144.95 143.10 141.35 137.75

Copper 30-Nov-18 486.15 465.80 458.55 445.45 438.20 425.10 404.75

Crude Oil 16-Nov-18 5556 5136 4872 4716 4452 4296 3876

Gold 05-Dec-18 32630 32210 31980 31790 31560 31370 30950

Lead 30-Nov-18 160.80 152.20 148.95 143.60 140.35 135.00 126.40

Natural Gas 27-Nov-18 264.30 251.30 245.90 238.30 232.90 225.30 212.30

Nickel 30-Nov-18 928.15 897.75 884.10 867.35 853.70 836.95 806.55

Silver 05-Dec-18 40473 39502 39061 38531 38090 37560 36589

Zinc 31-Oct-18 214.65 203.15 195.90 191.65 184.40 180.15 168.65

NCDEX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Castor Seed 20-Nov-18 6375 6039 5901 5703 5565 5367 5031

Chana 20-Nov-18 4295 4176 4134 4057 4015 3938 3819

Dhaniya 20-Nov-18 7203 6727 6556 6251 6080 5775 5299

COCUDAKL 20-Dec-18 1993.35 1913.85 1873.70 1834.35 1794.20 1754.85 1675.35

Guargum5 20-Nov-18 11612 10958 10652 10304 9998 9650 8996

Guarseed10 20-Nov-18 5244.35 4982.35 4859.70 4720.35 4597.70 4458.35 4196.35

Jeera 20-Nov-18 23428 22063 21587 20698 20222 19333 17968

RMseed 20-Nov-18 4424 4306 4235 4188 4117 4070 3952

Ref Soya Oil 20-Nov-18 774.50 765.10 760.30 755.70 750.90 746.30 736.90

Soyabean 20-Nov-18 3666 3531 3476 3396 3341 3261 3126

Turmeric 20-Nov-18 7272 7002 6826 6732 6556 6462 6192

Mentha Oil 31-Dec-18 1958.6 1875.5 1821.7 1792.4 1738.6 1709.3 1626.2

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

MCX Fundamentals

BULLION

Gold prices were steady in early Asian trade on Monday as the dollar eased while
investors are tuned in to the U.S. congressional elections on Tuesday. Spot gold
was steady at $1,232.86 per ounce at the time of writing. U.S. gold future was up
0.1 percent at $1,234.6 per ounce. The dollar index which measures the green back
against a basket of six major currencies was down 0.1 percent. Investors are now
focused on the U.S. congressional elections on Nov. 6 which will determine
whether the Republican or Democratic party controls Congress with some predict-
ing increased market volatility on the outcome.

BASE METALS

London copper took a breather on Monday after hitting a two week peak in the pre-
vious session following comments by the U.S. president that the United States may
be approaching a trade deal with China. London Metal Exchange copper slipped by
half a percent to $6,253 a tonne at the time of writing paring 3.2 percent gains on
Friday when prices reached the highest in two weeks at $6,315 a tonne.

ENERGY

Oil prices dipped on Monday as the start to U.S. sanctions against Iran's fuel ex-
ports was softened by waivers that will allow some countries to still import Ira-
nian crude, at least temporarily. U.S. West Texas Intermediate (WTI) crude fu-
tures were down 27 cents or 0.4 percent, at $62.87 a barrel. The Energy Informa-
tion Administration released its report on natural gas stocks which showed a build
of 48 billion cubic feet in the week ending October 26, compared to 58 billion in
the previous reading while analysts expected at 53 billion.

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

NCDEX Fundamentals

SPICES
Trend remained firm for Jeer as demand started rising ahead of Festivals and
on the export front after the recent dips in prices. Falling stocks, rising demand
and expected fall in sowing from lower rains in Gujarat/Rajasthan shall con-
tinue supporting prices as of now. Possibilities of delayed sowing too could sup-
port prices in the medium term. Turmeric failed to hold onto the higher levels
as profit booking brought some dips to the rising rates. High stocks amidst lack
of very strong demand checked the upside. Technically trend does not look
very positive as for now.

OILSEEDS
Profit booking at the higher levels brought some dips for Mentha where over-
all sentiments are likely to recover ahead of the winter season. Demand
started picking up on the domestic and export front ahead of winter season.
Adverse reports on the production front too shall continue supporting prices.
Soya oil was down mainly on weakness in rupee appreciation. Sharp gains in
the rupee failed to influence gains despite strength in soy bean. Ongoing arri-
val season of Indian/US harvest season keeps general tone on downward
side.

GUAR COMPLEX
Rates shot up towards end of last week for Guar as overall trend remained
positive. Overall sentiments remained firm from apprehensions of lower pro-
duction from less rains received in Rajasthan. Reports of lower arrivals of new
crop amidst prospects of fall in sowing area are likely to support prices in me-
dium term.

OTHERS
RM seed failed to post any strong recovery. Reports of NAFED still having
good amount of stocks to sell keeps sentiments down currently but the pro-
jected decline in domestic mustard sowing area versus last year shall con-
tinue to be a key broad based bullish fundamental as for now. Reports of
possible damage in Maharashtra region shall be keeping prospects of price
rise in future. Ahead of the festive season there will be hopes of revival in
local consumption. But the data released in latest USDA report is slightly
bearish and this will be capping the upside in coming sessions.
9 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018
Calls of the Week (MCX)
ALUMINIUM
Last week Aluminium made a low of 143.20 and closed at the level of 144.85 with overall marginal loss of 0.28% on
weekly basis. Aluminium continuously is trading with downtrend channel and recently Aluminium broken its resistance
trend line and sustaining near the level of 144. For this week if it is break the level of 147.00 on upper side then it can
test the level of 150.60. One can make buy position in it with SL of 145.80.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Buy

Entry Range Above 147

Target 150.60

SL 145.80

SILVER

From last couple of trading weeks Silver is trading with positive sentiment with positive RSI and we are expecting that
Silver can move higher from this level. Last week Silver made a high of 38972 and closed at 38620 with overall marginal
loss of 0.24% on weekly basis. Silver recently has broken its downtrend channel on upper side and sustaining above it
indicating positive movement in it. For this week, if it breaks the level of 38700 on the upper side then it can test the
level of 39700 during the week. One can make buy position in it by maintaining a SL at 38494.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Buy

Entry Range Above 38700

Target 39700

SL 38494

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

Calls of the Week (NCDEX)
SOYABEAN
From last couple of trading weeks Soyabean is trading with positive sentiment with positive RSI and we are expecting
that Soyabean can continue its positive trend from this week also. Last week Silver made a high of 3450 and closed at
3420 with overall marginal gain of 3.00% on weekly basis. Soyabean recently has broken its downtrend channel on up-
per side and sustaining above it indicating positive movement in it. For this week, if it breaks the level of 3450 on the
upper side then it can test the level of 3595 during the week. One can make buy position in it by maintaining a SL at
3395.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Buy

Entry Range Above 3450

Target 3595

SL 3395

CHANA
Last week Chana started a week on positive notes and continue the same for the whole week and close above the level
of 4000. Last week Chana made a high of 4100 and closed at 4091 with overall marginal gain of 2.76% on weekly basis.
On its daily chart Chana is forming double bottom formation indicating positive trend in it. For this week, if it breaks
the level of 4250 on the upper side then it can test the level of 4395 during the week. One can make buy position in it
by maintaining a SL at 4194.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Buy

Entry Range Above 4250

Target 4395

SL 4194

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

Calls of the Week (FOREX)
JPYINR
From last couple of trading weeks JPYINR is trading with negative sentiment and unable to break the level of 67.0000.
Last week USDINR made a low of 64.4200 and closed at the level of 64.4750 with overall marginal loss of 2.15% on
weekly basis. JPYINR continuously making lower lows and lower highs formation indicating correction in it. For this
week if it is break the level of 64.4000 on lower side then it can test the level of 64.0025. One can make sell position in
it with SL of 64.7075

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 64.4000

Target 64.0025

SL 64.7075

EURINR
Last week EURINR started a week on positive note but found enough resistance near the level of 85.0000 and get sell-
ing pressure from higher level. Last week EURINR made a low of 83.2050 and closed at the level of 83.3475 with overall
marginal loss of 0.49% on weekly basis. On its hourly chart EURINR trading below the Ichimoku cloud and forming sell-
ing formation on lower level. For this week if it is break the level of 83.2000 on lower side then it can test the level of
82.7125. One can make sell position in it with SL of 83.5125.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 83.2000

Target 82.7125

SL 83.5125

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

Disclaimer
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based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended
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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.
रयऩोटा ववश्रेषकों द्वाया तैमाय की गमी है जो द्वाया हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड द्वाया ननमुवत हैं | इस रयऩोटा भें व्मवत सबी ववचाय कंऩनी के फाये भें व्मक्वतगत ववचायों को
दशााता है औय कंऩननमों औय उनकी प्रनतबूनतमां औय ऺनतऩूनता (भुआवजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सुझावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफंधधत नहीं होगा।

DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (टहतों के संघषा के भाभरे भें प्रकटीकयण ):

(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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी भें कोई ववत्तीम रुधच नहीं है औय न ही इस तयह की ववत्तीम टहत की
प्रकृनत 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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी की प्रनतबूनतमों भें एक प्रनतशत मा उससे अधधक के वास्तववक / पामदे भंद
स्वालभत्व 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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं है |

DISCLOSURE IN TERMS OF COMPENSATION ( ऺनतऩनू ता के संदबा भें प्रकटीकयण):

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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कंऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है।
ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड के वेतन आधारयत स्थामी कभाचायी है |

DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के भाभरे भें प्रकटीकयण ) :

(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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने वऩिरे 12 भहीनों भें ववषम कंऩनी से कोई भुआवजा प्राप्त नहीं ककमा 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 रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कंऩनी अफ मा कबी बी ग्राहक नहीं यही 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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने ववषम कंऩनी के अधधकायी, ननदे शक मा कभाचायी के रूऩ भें कबी बी काभ

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