Daily Mcx Newsletter 10 June 2014
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Transcript of Daily Mcx Newsletter 10 June 2014
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ULLION:apping a six-session losing streak, gold prices rose marginally in the
mestic bullion market today on renewed off-take from jewellery stockists
cked by positive overseas sentiment.
ver also rose sharply owing to increased demand from industrial units as
ll as speculative build-up.
andard gold (99.5 purity) firmed up by Rs 55 to end at Rs 26,660 per 10
ams from last Saturday's closing level of Rs 26,605.
ENERGY:rent futures rose above $110 a barrel on Tuesday, after posting their biggest
aily gain in nearly two months in the previous session, on hopes of healthy
emand growth from the United States and China - the world's top two oil
onsumers.
hina's central bank cut the level of reserves banks must hold for those that
ave sizeable loans to the farming sector and small- and medium-sized firms,
elping support the economy.
BASE METAL:mid a weak trend in the global market and subdued spot demand, copper
rices fell marginally by 0.79 per cent to Rs 395.55 per kg in futures trade today
s speculators trimmed positions.
t the Multi Commodity Exchange, copper for delivery in June shed Rs 3.25, or
79 per cent, to Rs 395.55 per kg in business turnover of 2,089 lots.
milarly, the metal for delivery in August traded lower by Rs 3.10, or 0.77 per
ent to Rs 399.40 er k in 139 lots.
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BULLION
OUTLOOK:
TREND : - CONSOLIDATERESISTANCE : - 40600, 40900SUPPORT : - 39900, 39600STRATEGY : - BUY ON DIPS
OUTLOOK:
TREND : - CONSOLIDATERESISTANCE : - 26100, 26250SUPPORT : - 25800, 25650STRATEGY : - BUY ON DIPS
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ENERGY
OUTLOOK:
TREND : - CONSOLIDATERESISTANCE : - 280.00, 284.00SUPPORT : - 272.00, 268.00STRATEGY : - BUY ON DIPS
OUTLOOK:
TREND : - CONSOLIDATERESISTANCE : - 6220, 6250SUPPORT : - 6140, 6100STRATEGY : - BUY ON DIPS
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BASE METAL
OUTLOOK:
TREND : - CONSOLIDATERESISTANCE : - 128.00, 129.00SUPPORT : - 125.00, 124.00STRATEGY : - SELL ON HIGH
OUTLOOK:
TREND : - CONSOLIDATERESISTANCE : - 404.00, 407.00SUPPORT : - 395.00, 392.00STRATEGY : - SELL ON HIGH
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OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 1130.00, 1140.00SUPPORT : - 1110.00, 1100.00STRATEGY : - BUY ON DIPS
OUTLOOK:
TREND : - BULLISHRESISTANCE : - 114.00, 115.00SUPPORT : - 111.00, 110.00STRATEGY : - BUY ON DIPS
OUTLOOK:
TREND : - CONSOLIDATERESISTANCE : - 128.00, 129.00SUPPORT : - 125.00, 124.00STRATEGY : - SELL ON HIGH
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GOLD 1254.31SILVER 19.065COPPER 3.041CRUDEOIL 104.66PALLANDIUM 840.90PLATINUM 1451.00
USDINR 59.3600EURUSD 01.3588USDJPY 102.325USDCHF 00.8971GBPUSD 01.6806USDCAD 01.0901
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