Daily commodity-report by epic research 20 dec 2012

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DAILY COMMODITY REPORT 20 TH DECEMBER 2012 WWW.EPICRESEARCH.CO +91 9752199966

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Transcript of Daily commodity-report by epic research 20 dec 2012

Page 1: Daily commodity-report by epic research 20 dec 2012

DAILY COMMODITY REPORT 20TH DECEMBER 2012

WWW.EPICRESEARCH.CO +91 9752199966

Page 2: Daily commodity-report by epic research 20 dec 2012

WWW.EPICRESEARCH.CO +91 9752199966

HEADLINES

Gold, silver drop sharply on heavy sell-off,

global cues.

Gold prices plunged to hit nearly one-and-a-half-month

low at the domestic bullion market on hectic selling by

stockists and investors on the back of sharp fall in

overseas markets.

Silver also nosedived on frantic speculative selling

pressure. Standard gold (99.5 purity) dropped by a

hefty Rs635 per 10 gm to close at Rs30,540 from

Tuesday’s closing level of Rs31,175. Pure gold (99.9

purity) plummeted by Rs630 per 10 gm to finish at

Rs30,670 from Rs31,300.

Copper Near Lowest Level in Two Weeks on

U.S. Budget Talk

Copper declined to the lowest level in almost three

weeks amid concerns that budget negotiations

deteriorated in the U.S. Metal for delivery in three

months fell as much as 0.5 percent to $7,885 a metric

ton, the lowest since Nov. 30, before trading at $7,886

on the London Metal Exchange at 10:30 a.m. in

Shanghai. Copper for delivery in March on the

Shanghai Futures Exchange fell 1 percent to 57,070

yuan ($9,161) a ton.

Markets took some comfort from signs that US policy

makers may be coming closer to a resolution on the

fiscal cliff, which is a series of tax increases and

spending cuts slated to start from January 1.

TRADING TIP:

Sell Crude oil Jan

Below 4940

TGTS-4920/4890

SL-4962

Sell Copper Feb

Below 439.30

TGTS-437/434

SL-441.90

Page 3: Daily commodity-report by epic research 20 dec 2012

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

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DAILY MARKET STATISTICS

Symbol Expiry Date PCP % Change LTP

Crude Oil 21-Jan-13 4826.00 2.51 4947.00

Nickel 31-Dec-12 974.50 -0.49 969.70

Silver 5-Mar-13 60687.00 -1.78 59607.00

Gold 5-Feb-13 31056.00 -0.76 30819.00

Lead 31-Dec-12 126.45 0.40 126.95

Zinc 31-Dec-12 113.15 -0.75 112.30

Copper 28-Feb-13 446.60 -1.60 439.45

Aluminium 31-Dec-12 114.30 -1.40 112.70

Page 4: Daily commodity-report by epic research 20 dec 2012

DAILY MCX GOLD CHART

ANALYSIS

OPEN: 31022

HIGH: 31022

LOW: 30760

CLOSE: 30819

GOLD LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

Page 5: Daily commodity-report by epic research 20 dec 2012

DAILY MCX SILVER CHART

ANALYSIS

OPEN: 60556

HIGH: 60700

LOW: 59525

CLOSE: 59607

SILVER LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

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Page 6: Daily commodity-report by epic research 20 dec 2012

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