Daily commodity-report by epic research 3 jan 2013

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DAILY COMMODITY REPORT 3 RD JANUARY 2013 WWW.EPICRESEARCH.CO +91 9752199966

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Transcript of Daily commodity-report by epic research 3 jan 2013

Page 1: Daily commodity-report by epic research 3 jan 2013

DAILY COMMODITY REPORT 3RD JANUARY 2013

WWW.EPICRESEARCH.CO +91 9752199966

Page 2: Daily commodity-report by epic research 3 jan 2013

WWW.EPICRESEARCH.CO +91 9752199966

HEADLINES

Base metals strengthen on global cues.

Base metal prices rose on the local non-ferrous metal

market largely on firming global trend. Sentiments

bolstered as firming global trend where copper and

nickel led a rally in base metals as the US poised to

avert fiscal cliff, boosting the outlook for demand for

metals. Meanwhile, copper for delivery in three months

climbed 2 per cent to 8,090 dollar a metric tonnes on

the London Metal Exchange.

Gold seen swinging to currency movements.

Gold prices are likely to gain in the domestic market,

but currency movements will have a definite say in

giving it a direction. While the dollar gained overnight

as the euphoria over the deal in the US to avoid high

taxes and spending cuts ended, skepticism also reared

its head as tough negotiations will now take place for

the next two months on the US Budget. The dollar

gained but it also lost against high-yielding currencies.

This could mean it could come under pressure here.

This is because being the beginning of the year, the

rupee could be in demand from foreign investors

looking to put their money in Indian stock markets.

TRADING TIP:

Buy Natural Gas Jan

Above 175.20

TGTS-178/181

SL-172

Sell Copper Feb

Above 449

TGTS-446/442

SL-453.40

Page 3: Daily commodity-report by epic research 3 jan 2013

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 5031.00 0.36 5096.00

Nickel 31-Jan-13 948.60 1.52 963.00

Silver 5-Mar-13 57918.00 1.76 58938.00

Gold 5-Feb-13 30888.00 0.50 31042.00

Lead 31-Jan-13 127.55 2.74 131.05

Zinc 31-Jan-13 113.35 1.54 115.10

Copper 28-Feb-13 443.90 1.41 450.15

Aluminium 31-Jan-13 113.20 2.69 116.25

Page 4: Daily commodity-report by epic research 3 jan 2013

DAILY MCX GOLD CHART

ANALYSIS

OPEN: 30870

HIGH: 31191

LOW: 30760

CLOSE: 31042

GOLD LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

Page 5: Daily commodity-report by epic research 3 jan 2013

DAILY MCX SILVER CHART

ANALYSIS

OPEN: 58016

HIGH: 59580

LOW: 57896

CLOSE: 58938

SILVER LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

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Page 6: Daily commodity-report by epic research 3 jan 2013

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