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-18 142.65 143.15 143.80 138.15 139.30 -2.35% 26.67% 12.47%

Copper 30-Nov-18 431.25 433.50 444.20 425.70 442.90 2.70% -1.14% -17.95%

Crude Oil 18-Dec-18 4,392 4,430 4,513 4,004 4,109 -6.44% 15.88% -6.41%

Gold 05-Dec-18 31016 31100 31169 30605 31007 -0.03% 10.85% 1.56%

Lead 30-Nov-18 142.45 142.70 144.50 138.10 143.7 0.88% 37.27% -15.71%

Natural Gas 27-Nov-18 272.60 276.00 358.70 272.80 297.90 9.28% 88.73% -65.09%

Nickel 30-Nov-18 829.50 829.70 838.30 807.80 816.70 -1.54% -22.39% 0.58%

Silver 05-Dec-18 36880 37010 37155 36036 36991 0.30% -17.93% -2.89%

Zinc 31-Oct-18 185.25 185.55 192.85 181.35 192.20 3.75% 15.01% -14.33%

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-Dec-18 5952.00 5950.00 6440.00 5950.00 5970.00 0.30% 47.13% 9.40%

Chana 20-Dec-18 4587.00 4649.00 4750.00 4474.00 4493.00 -2.05% -44.63% -20.59%

Dhaniya 20-Dec-18 6393.00 6380.00 6713.00 6373.00 6458.00 1.02% -13.05% -2.82%

COCUDAKL 20-Dec-18 1902.50 1892.00 2043.00 1888.00 2006.00 5.44% 26.59% -9.02%

Guargum5 20-Dec-18 10292.00 103000.00 10505.00 9626.00 9660.00 -6.14% -43.70% 1.02%

Guarseed10 20-Dec-18 4797.50 4800.00 4918.00 4616.00 4648.50 -3.11% -30.92% -7.13%

Jeera 20-Dec-18 20760.00 20820.00 20935.00 19610.00 19645.00 -5.37% -43.17% -11.93%

RMseed 20-Dec-18 4130.00 4128.00 4224.00 4127.00 4139.00 0.22% -53.51% -20.63%

Ref Soya Oil 20-Dec-18 743.35 742.30 747.80 729.00 732.70 -1.43% 16.04% 0.55%

Soyabean 20-Dec-18 3379.00 3358.00 3498.00 3358.00 3389.00 0.30% -40.21% 3.61%

Turmeric 20-Dec-18 6632.00 6680.00 6730.00 6500.00 6518.00 -1.72% -66.40% -2.46%

Mentha Oil 30-Nov-18 1761.80 1775.10 1825.00 1775.10 1796.40 1.96% 22.15% 4.54%
Currency Market Wrap-Up
Previous Change in
Currency Pair Contract Open High Low Close
Close Price (in%)
USDINR 28-Nov-18 72.6425 72.8100 73.2075 71.7925 71.9900 -0.90%

GBPINR 28-Nov-18 94.6100 94.4475 91.4900 94.8900 92.2975 -2.44%

JPYINR 28-Nov-18 63.8925 64.0000 64.3100 63.3450 63.6125 -0.44%

EURINR 28-Nov-18 82.5200 82.6150 82.7925 81.4675 81.6150 -1.10%

Continued…….
2 Copyright © 2018 Ways2Capital. All rights reserved 19/11/2018
Market Wrap-Up

International Market Wrap-up

Previous
Commodity Exchange Open High Low Close % Change in Price
Close
Aluminium LME 1956.50 1958.00 1964.50 1925.50 1946.70 -0.50%
Copper COMEX 2.687 2.680 2.802 2.666 2.791 3.87%

Crude Oil NYMEX 60.19 60.73 61.27 54.77 56.83 -5.58%

Gold COMEX 1206.40 1210.10 1225.90 1196.70 1222.00 1.29%

Lead LME 1965.75 1967.00 2014.50 1910.75 2002.00 1.84%

Natural Gas NYMEX 3.719 3.752 4.900 3.736 4.377 17.69%

Nickel LME 11417.50 11412.50 11572.50 11240.00 11395.00 -0.20%

Silver COMEX 14.103 14.130 14.400 13.860 14.390 2.04%

Zinc LME 2504.500 2504.00 2628.50 2467.00 2626.000 4.85%

3 Copyright © 2018 Ways2Capital. All rights reserved 19/11/2018

Inventory Updates

LME Inventory
Closing (As on 16th Nov 18) Closing (As on 09th Nov 18)
Commodity % Change in Price
In tones in tones

Aluminium 1058125 1055025 0.29%

Copper 166450 172325 -3.41%

Lead 110900 111875 -0.87%

Nickel 216174 217314 -0.52%

Zinc 125400 133600 -6.14%

Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 19/11/2018
Inventory Updates

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

Tuesday, November 20, 2018

Tentative USD OPEC Meeting

16:30 GBP CBI Industrial Trends Orders (Nov) -6 -6

19:00 USD Building Permits (Oct) 1.269M 1.270M

19:00 USD Building Permits (MoM) (Oct) 1.70%

19:00 USD Housing Starts (MoM) (Oct) 1.60% -5.30%

19:00 USD Housing Starts (Oct) 1.225M 1.201M

Wednesday, November 21, 2018

19:00 USD Core Durable Goods Orders (MoM) (Oct) 0.40% 0.10%

19:00 USD Durable Goods Orders (MoM) (Oct) -2.50% 0.70%

19:00 USD Initial Jobless Claims 215K 216K

20:30 USD Existing Home Sales (Oct) 5.20M 5.15M

20:30 USD Existing Home Sales (MoM) (Oct) 1.00% -3.40%

20:30 USD Michigan Consumer Expectations (Nov) 89.1 88.7

20:30 USD Michigan Consumer Sentiment (Nov) 98.3 98.3

21:00 USD Crude Oil Inventories 3.182M 10.270M

Thursday, November 22, 2018

All Day USD United States - Thanksgiving Day

Tentative GBP Inflation Report Hearings

Friday, November 23, 2018

All Day Holiday United States - Thanksgiving Day - Early close at 13:00

20:15 USD Manufacturing PMI (Nov) 55.7 55.7

20:15 USD Markit Composite PMI (Nov) 54.9

20:15 USD Services PMI (Nov) 54.9 54.8

Currency Weekly Pivots

Currency Pair Contract R3 R2 R1 PP S1 S2 S3
USDINR 28-Nov-18 75.2000 73.7500 72.9000 72.3500 71.5000 70.9500 69.5000
GBPINR 28-Nov-18 93.1000 93.5000 92.9000 93.9000 93.3000 94.3000 94.7000
JPYINR 28-Nov-18 65.7000 64.7000 64.1500 63.7500 63.2000 62.8000 61.8000
EURINR 28-Nov-18 84.6000 83.3000 82.4500 81.9500 81.1000 80.6500 79.3000
Continued…….
6 Copyright © 2018 Ways2Capital. All rights reserved 19/11/2018
Market Next Week

MCX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Aluminium 30-Nov-18 151.70 146.05 142.65 140.40 137.00 134.75 129.10

Copper 30-Nov-18 474.60 456.10 449.50 437.60 431.00 419.10 400.60

Crude Oil 18-Dec-18 5227 4718 4413 4209 3904 3700 3191

Gold 05-Dec-18 32055 31491 31249 30927 30685 30363 29799

Lead 30-Nov-18 154.90 148.50 146.10 142.10 139.70 135.70 129.30

Natural Gas 27-Nov-18 481.60 395.70 346.80 309.80 260.90 223.90 138.00

Nickel 30-Nov-18 881.95 851.45 834.10 820.95 803.60 790.45 759.95

Silver 05-Dec-18 38965 37846 37419 36727 36300 35608 34489

Zinc 31-Oct-18 211.80 200.30 196.25 188.80 184.75 177.30 165.80

NCDEX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Castor Seed 20-Dec-18 7100 6610 6290 6120 5800 5630 5140

Chana 20-Dec-18 5124 4848 4671 4572 4395 4296 4020

Dhaniya 20-Dec-18 7195 6855 6656 6515 6316 6175 5835

COCUDAKL 20-Dec-18 2289.00 2134.00 2070.00 1979.00 1915.00 1824.00 1669.00

Guargum5 20-Dec-18 11688 10809 10235 9930 9356 9051 8172

Guarseed10 20-Dec-18 5331.50 5029.50 4839.00 4727.50 4537.00 4425.50 4123.50

Jeera 20-Dec-18 22713 21388 20517 20063 19192 18738 17413

RMseed 20-Dec-18 4357 4260 4200 4163 4103 4066 3969

Ref Soya Oil 20-Dec-18 774.10 755.30 744.00 736.50 725.20 717.70 698.90

Soyabean 20-Dec-18 3695 3555 3472 3415 3332 3275 3135

Turmeric 20-Dec-18 7043 6813 6665 6583 6435 6353 6123

Mentha Oil 30-Nov-18 1898.7 1848.8 1822.6 1798.9 1772.7 1749.0 1699.1

7 Copyright © 2018 Ways2Capital. All rights reserved 19/11/2018

MCX Fundamentals

BULLION

Gold prices rose on Friday as investors sought safe haven assets amid fears of a
chaotic departure for Britain from the European Union. Spot gold was up 0.2 per-
cent at $1,214.77 per ounce at the time of writing while U.S. gold futures rose 0.1
percent to $1,215.6 per ounce. The dollar index which measures the green back
against a basket of six major currencies inched up about 0.1 percent. Prime Minis-
ter Theresa May vowed to fight for her draft divorce deal with the EU on Thursday
after the resignation of her Brexit secretary and other ministers put her strategy
and her job in peril.

BASE METALS

Shanghai zinc jumped more than 2.5 percent to the highest in more than two weeks
on Thursday amid sliding stockpiles in London and signs that China may be taking
steps to de-escalate its trade dispute with the United States. China has delivered a
written response to U.S. demands for wide-ranging trade reforms ahead of ex-
pected talks between U.S. LME zinc stocks fell to a decade low of 125,400 tonnes
data showed while on warrant or available stocks hit their lowest since February.

ENERGY

Volatile natural gas plummeted 18 percent on Thursday reversing nearly all of

Wednesday's sharp gains after U.S. inventories showed a slight increase in supply.
Selling was already under way even before the report from the Energy Informa-
tion Administration showed natural gas supplies rose by 39 billion cubic feet.
Crude oil is in strong down trend but volume is unsatisfactory. In last few days
volume based selling happened in the Crude oil. The oscillator is showing sell sig-
nal For short term Crude oil is in sell position. Immediate support for Crude oil is
3952. Resistance for the Crude oil is 4394-4559.

8 Copyright © 2018 Ways2Capital. All rights reserved 19/11/2018

NCDEX Fundamentals

SPICES
Moderate firm trend was noted for Mentha but it faced immediate Resistance
at these levels. Overall sentiments are likely to recover ahead of the winter sea-
son. Demand started picking up on the domestic and export front ahead of
winter season. Moderate weak trend was noted for Ref Soy Oil as slight dips in
the International markets pressurized Indian market sentiments also as domes-
tic demand got adversely affected due to closure of mandis due to Festive sea-
son.

OILSEEDS
Slight weak trend persisted for Mentha as profit booking at the higher levels
limited the gains where overall sentiments are likely to recover ahead of the
winter season. Demand started picking up on the domestic and export front
ahead of winter season.Strength in soy bean failed to support domestic soya
oil prices. Negative inputs on palm oil and weakness in global soya oil market
once again kept sentiments down. it has been noted during previous weeks
the buying interest in spot market improves significantly whenever prices
decline for two or more consecutive days.

GUAR COMPLEX
Guar found some support at these lower levels after the recent dips in prices.
High arrivals of the new crop limited the up trend even as traders anticipate
the demand to grow in coming days on the export front. Prospects of lower
production from less rains received in Rajasthan supported prices.

OTHERS
High volatility was noted for RM Seed but it found some support at these
lower levels as prospects of rising demand could support prices. Selling inten-
tions amongst stockists are poor and at prevailing lower rates mandi sellers
are avoiding negotiations for fresh deals.
Currently Soya bean is moving sideways the Soya bean is now trading in over-
sold level. In last 1 month volatility is very less Buy the Soya bean above 3459
or buy with strict stop at 3239. Support for the Soya bean is 3362-3344. Im-
mediate resistance for Soya bean is 3459.
9 Copyright © 2018 Ways2Capital. All rights reserved 19/11/2018
Calls of the Week (MCX)
SILVER
From last couple of trading days Silver is trading in positive sentiment and forming reversal pattern on lower side. Last
week Silver made a low of 36063 and closed at 36991 with overall marginal gain of 0.30% on weekly basis. On its daily
chart Silver has formed bullish hammer candlestick pattern indicating positive trend in it for next week. For this week,
if it breaks the level of 36900 on the uppoer side then it can test the level of 37395 during the week. One can make buy
position in it by maintaining a SL at 36680.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Buy

Entry Range Above 36900

Target 37395

SL 36680

LEAD

Last week Lead made a high of 144.50 and closed at the level of 143.70 with overall marginal gain of 0.88% on weekly
basis. Lead is continuously trading above the support level of 140 and we can expect bounce back from lower level.
Recently Lead broken its resistance trend line and sustaining above it indicating positive trend in it. For this week if it is
break the level of 144.50 on upper side then it can test the level of 149.50. One can make buy position in it with SL of
143.10.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Buy

Entry Range Above 144.50

Target 149.50

SL 143.10

10 Copyright © 2018 Ways2Capital. All rights reserved 19/11/2018

Calls of the Week (NCDEX)
COCUDAKL
Last week COCUDAKL started a week on positive not but found enough resistance near the level of 2000 and made
bearish candlestick pattern on higher level. Last week COCUDAKL made a high of 2043 and closed at the level of 2006
with overall marginal gain of 5.44% on weekly basis. COCUDALK break the level of 2000 on upper side but unable to
sustain above it indicating selling pressure in it. For this week if it is break the level of 1995 on lower side then it can
test the level of 1855. One can make sell position in it with SL of 2055.

.
WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 1995

Target 1855

SL 2055

GUARSEED

From last couple of trading days Guarseed is trading with negative sentiment. Last week Guarseed10 made a low of
4616 and closed at the level of 4648.50 with overall marginal loss of 3.11% on weekly basis. On its daily chart Guarseed
is forming double top formation on higher side indicating negative movement in it. For this week if it is break the level
of 4600 on lower side then it can test the level of 4460. One can make sell position in it with SL of 4656.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 4600

Target 4460

SL 4656

11 Copyright © 2018 Ways2Capital. All rights reserved 19/11/2018

Calls of the Week (FOREX)
GBPINR
Last week JPYINR Oct Futures started the week on negative note and continue the same for whole week, market
closed below the level of 93.0000 and it closed at 92.2975 with the overall loss of 2.44 per cent on weekly basis. Tech-
nically it consolidating below the major psychological support level of 95.0000 with the negative RSI and for this week,
we can expect further downside movement in it. For this week, if it breaks the level of 91.3000 on the lower, then it
can test the level of 91.8125 during the week. One can make sell position in it by maintaining a SL 92.6525.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 92.3000

Target 91.8125

SL 92.6525

USDINR
Last week USDINR Oct Futures started the week on positive note and made a high of 73.2075 but till the end of the
week, all of its earlier gains were erased and it closed at 71.9900 with the overall loss of 0.90 per cent on weekly basis.
Technically it consolidating near support level breakout with negative RSI and for this week, we can expect profit book-
ing in it from the higher levels. For this week, if it breaks the level of 71.7900 on the downside, then it can test the level
of 71.3125 during the week. One can make sell position in it by maintaining a SL 72.1025.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 71.7900

Target 71.3125

SL 72.1025

12 Copyright © 2018 Ways2Capital. All rights reserved 19/11/2018

Disclaimer
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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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