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Transcript of MCX Tips by
Daily Newsletter28/06/2011
Daily Newsletter-Commodity
www.capitalheight.com
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Gold falls as safe-haven bids ease
Euro rises on Greece's debt hopes
Silver was down 2 percent at $33.58 an ounce
Copper fell on Monday due to uncertainty about the Greek debt crisis
U.S. consumer spending was unchanged in May
Inventories of copper in LME warehouses fell 3,175 tonnes
Brent crude prices rose on Monday
Gold fell for a third session on Monday, weighed down by economic optimism as
investors bet debt-laden Greece would take action needed to avoid a default, pressuring
safe-haven demand. Copper fell on Monday due to uncertainty about the Greek debt
crisis and about monetary policy in the world's largest economy, the United States.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Tue Jun 28
11:30am EUR GfK German Consumer Climate 5.4 5.5
11:30am EUR German Import Prices m/m -0.4% 0.3%
All Day EUR German Prelim CPI m/m 0.1% 0.0%
6:30pm USD S&P/CS Composite-20 HPI y/y -3.9% -3.6%
7:30pm USD CB Consumer Confidence 60.8 60.8
7:30pm USD Richmond Manufacturing Index 2 -6
9:30pm USD FOMC Member Fisher Speaks
TECHNICAL
GOLD(AUG)
COPPER(JUNE)
NATURALGAS(JULY)
ZINC(JUNE)
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 22570
• R1 - 22280Resistance
• S1 - 22030
• S2 - 21850support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 418
• R1 - 411Resistance
• S1 - 399
• S2 - 391support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 207
•R1 - 199Resistance
•S1 - 189
•S2 - 181support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 103.8
•R1 - 101.8Resistance
•S1 - 99.3
•S2 - 95.8support
Phone
ECHNICAL VIEW
SILVER(JULY
CRUDE(JULY)
LEAD(JUNE)
NICKEL(JUNE
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 54800
• R1 - 52750Resistance
• S1 - 50180
• S2 - 49300support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 4270
• R1 - 4180Resistance
• S1 - 4050
• S2 - 3970support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 119.5
• R1 - 116.8Resistance
• S1 - 113.8
•S2 - 109.5support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1045
•R1 - 1017Resistance
•S1 - 977
•S2 - 945support
www.capitalheight.com
Phone- (0731)4295950
JULY)
JUNE)
Consolidate
Buy on dips
54800
52750
50180
49300
Consolidate
Sell on high
4270
4180
Consolidate
Sell on high
119.5
116.8
113.8
109.5
Consolidate
Sell on high
ALUMINIUM(JUNE)
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui
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 responsib
The information given herein should be treated as only factor, while making investment decision. The report does not provide
individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate particular
investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight 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 MCX and NCDEX.
The metals 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
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 c
be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in Commodity and equity market has its own risks.
We, however, do not vouch for the accuracy or the completeness
whatsoever for any financial profits or loss which may arise from the recommendations above.
purport to be an invitation or an offer to buy or sell any financial instrum
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 Lega
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 116.8
•R1 - 113.5Resistance
•S1 - 110.3
•S2 - 108.5support
Phone
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 sui
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
made investment advice. Capitalheight recommends that investors independently evaluate particular
ments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall not be
responsible for any transaction conducted based on the information given in this report, which is in violation of rules and
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 Capitalheight
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 c
be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
Investment in Commodity and equity 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. Capitalheight
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.
www.capitalheight.com
Phone- (0731)4295950
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
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
The information given herein should be treated as only factor, while making investment decision. The report does not provide
made investment advice. Capitalheight recommends that investors independently evaluate particular
ments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall not be
responsible for any transaction conducted based on the information given in this report, which is in violation of rules and
price projections shown are not necessarily indicative of future price performance. The information herein,
Capitalheight 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
we are not responsible for any loss incurred
Capitalheight does not
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