Daily commodity-report by epic research 11 dec 2102
-
Upload
epic-daily-report -
Category
Documents
-
view
224 -
download
0
description
Transcript of Daily commodity-report by epic research 11 dec 2102
DAILY COMMODITY REPORT 11TH DECEMBER 2012
WWW.EPICRESEARCH.CO +91 9752199966
WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES
Gold inches lower; Fed expectations lend
support.
Gold inched lower but sentiment was underpinned
ahead of a U.S. Federal Reserve meeting where policy
makers are expected to announce more stimulus
measures, a move that would support gold's appeal as a
hedge against inflation. Many economists expect the
Fed to announce monthly bond purchases of $45
billion after its meeting. Gold benefits from an easy
monetary policy as investors fear that rampant cash
printing will damage the value of fiat currencies,
prompting them to seek safety in hard assets such as
bullion.
Base metals remain up on industrial demand,
global cues.
Taking positive cues from the global markets and pick
up in domestic demand, select base metals remained
firm on the local non-ferrous metals market today with
prices rising up to Rs 5 per kg. Marketmen said reports
of gains in copper and other base metals at the London
Metal Exchange (LME) after data showed China's
industrial production accelerated to the fastest pace in
eight months, raising demand in the world's biggest
user, mainly buoyed the trading sentiment.
TRADING TIP:
Buy Natural gas Dec
Above 189.10
TGTS-192/194
SL-4187.10
Sell Aluminium Dec
Below 114
TGTS-113.40/112.80
SL-114.70
PRODUCT NAME
EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
WWW.EPICRESEARCH.CO +919752199966
DAILY MARKET STATISTICS
Symbol Expiry Date PCP % Change LTP
Crude Oil 18-Dec-12 4695 0.11 4700
Nickel 31-Dec-12 938.50 3.14 968
Silver 5-Mar-13 62582 0.58 62948
Gold 5-Feb-13 31326 0.53 31493
Lead 31-Dec-12 121 2.73 124.3
Zinc 31-Dec-12 109.90 2.27 112.40
Copper 28-Feb-13 443.30 0.99 448.70
Aluminium 31-Dec-12 113.25 1.46 114.90
DAILY MCX GOLD CHART
ANALYSIS
OPEN: 31348
HIGH: 31559
LOW: 31331
CLOSE: 31493
GOLD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART
ANALYSIS
OPEN: 62658
HIGH: 63265
LOW: 62658
CLOSE: 622948
SILVER LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
www.epicresearch.co 9752199966
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in equity & bullion market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.