Premium Commodity Daily Journal. Strictly for Client Circulation

Transcription

1 Published On 07 MAR 2019 Research Analyst Report 07 MAR 2019 GOLD 31,931 38,228 SILVER Premium Commodity Daily Journal Strictly for Client Circulation

2 Market Wrap Wed 06 Mar 2019 Scrip Name Contract Open High Low Close GOLD SILVER CRUDE OIL NATURAL GAS COPPER ZINC LEAD ALUMINIUM NICKEL 05-Apr May Mar Mar Apr

3 Support & Resistance Thu 07 Mar 2019 Scrip Name GOLD SILVER CRUDE OIL NATURAL GAS COPPER ZINC LEAD ALUMINIUM NICKEL Contract 05-Apr May Mar Mar Apr-2019 Res 2 Res 1 Pivot Sup 1 Sup

4 MCX Outlook Thu 07 Mar 2019 Crude Oil Tumbles On MCX, Futures Down 1.7 %- Crude oil futures tumbled today as global growth worries weighed on the market. Global economic growth will continue to weaken this year, with Euro Area countries experiencing the biggest slowdown, according to the Organisation for Economic Co-operation and Development (OECD). In its Interim Economic Statement, the OECD revised down growth for almost all of the world's 20 biggest economies, with the biggest downgrades in Germany and Italy. Vulnerabilities stemming from China and the weakening European economy, combined with a slowdown in trade and global manufacturing, high policy uncertainty and risks in financial markets, could undermine strong and sustainable medium-term growth worldwide. The OECD projects that the global economy will grow by 3.3% in 2019 and 3.4% in The outlook and projections cover all G20 economies. Copper Speculative Longs Fall Marginally- Large precious metals speculators slightly trimmed their bullish net positions in the Copper futures markets in February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The noncommercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 878 contracts in the data reported through Tuesday February 19th. This was a weekly drop of -325 net contracts.the Copper net speculative position dipped after seeing improving positions in the previous four weeks in a row. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -2,437 contracts on the week. This was a weekly decline of -479 contracts from the total net of -1,958 contracts reported the previous week.

5 Market News Thu 07 Mar 2019 Special News Gold Falls Near Rs Per 10 Gram On MCX- Gold stayed slippery for another session yesterday as global equities stayed broadly supported on trade talk hopes and ideas that Chinese economic stimulus would support the world's second largest economy in near term. Chinese Premier Li Keqiang's annual work report to National People's Congress talked about wide-ranging tax cuts and targeted monetary support for the economy. China lowered its economic growth target for 2019 to a range of 6% to 6.5% from 2018 target of around 6.5%. However, targeted monetary stimuli could boost the economy in coming months. COMEX Gold futures are currently trading flat around $1288 per ounce. MCX Gold futures dropped sharply, testing lows near Rs per 10 grams and closed at Rs per 10 grams, down around 1% on the day as the Indian Rupee edged up. Indian rupee jumped on strength in local equities. INR added 42 paise to close at per dollar. US Private Sector Job Growth Decelerates In February- US private sector job growth slowed in the month of February after spiking in January, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment increased by 183,000 jobs in February after soaring by an upwardly revised 300,000 jobs in January.

6 Commodity Buzz Thu 07 Mar 2019 MCX Aluminium under fresh buying; Support seen at MCX Nickel may trade in a range between Zinc market under fresh buying; Support seen at Copper market under short covering; Support seen at Natural Gas market under short covering; Support seen at 197. Crude Oil market under short covering Support seen at Silver market under short covering; Support seen at MCX Gold may trade in a range between

7 Analyst Speaks Thu 07 Mar 2019 MCX GOLD Technically Gold market is getting support at and below same could see a test of levels and resistance is now likely to be seen at 32207, a move above could see prices testing GOLD APR SELL AROUND TGTS 31800/31700 SL RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT

8 Analyst Speaks Thu 07 Mar 2019 MCX CRUDE OIL Technically Crude Oil market is getting support at 3895 and below same could see a test of 3852 levels and resistance is now likely to be seen at 3979 a move above could see prices testing CRUDE OIL MAR BUY AROUND TGTS 3990/4040 SL 3880 RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT

9 Today s Economic Events Thu 07 Mar 2019 COUNTRY TIME EVENTS ACTUAL FORECAST PREVIOUS 07:00PM Unemployment Claims - 225K 225K USD 09:00PM Natural Gas Storage B -166B 10:45PM FOMC Member Brainard Speaks - - -

10 Disclaimer Sanjay Vaidya Digitally signed by Sanjay Vaidya Date: :31:21 +05'30' The information and views in this report, all the service we provide are reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the been made to present the right views, opinion & perspective. The information contained herein is based on technical analysis & Data and other information are gathered from NSE & BSE Website, SEBI Registered Brokers Terminals that we consider reliable. The information given herein should be treated as only factor, while making investment decision. The report does n o t p r o v i d e i n d i v i d u a l l y t a i l o r m a d e i n v e s t m e n t a d v i c e. 24 Carat Financial service recommends that investors independently evaluate particular investments and strategies. 24 Carat Financial Services 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. 24 Carat financial Services, its associate, Partners, Relatives,Employed Research Analyst or any person directly related to 24 Carat financial Services Research do not have any material interest in the subject companies which have been included in Report. It is understood that anyone who is browsing or reading Report has done so at his own free will and does not read any views expressed as a recommendation for which either the site ( or its owners, Partners, Directors or anyone can be held responsible for. 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. 24 Carat Financial Services 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. Mr. Sanjay Vaidhya Mrs. Swati Vaidhya research@24cfin.com & contactus@24cfin.com

11 Disclosures 24Carat Financial Services or any of its associates, its Partners, fellow research analyst here by disclosing all material information about itself its business activity, disciplinary history, the terms and conditions on which it offers research report, details or associates and such other information as is necessary to take an investment decision, including the following : 1. 24Carat Financial Services or any of its associates, it s Partners, or fellow research analysts here by discloses the following in research report and in public appearance with regards to ownership and material conflicts of interest : (a) 24Carat Financial Services, its associates, Partners, Employed research analysts & relative do NOT have any financial interest in the subject company and the nature of such financial interest. (b) 24Carat Financial Services, its associate, Partners Employed research analyst & relatives, do NOT have actual/beneficial ownership of one percent or more securities of the subject company, at the end of the month immediately preceding the date of publication of research report of the public appearance. (c) 24Carat Financial Services, its associates, Partners, Employed research analyst & relative, do NOT have any other material conflict of interest at the time of publication of research report or at the time of public appearance Carat Financial Services or any of its associates, it s Partners or fellow research analyst here by discloses the following in research report with regard to receipt of compensation: (a) 24Carat Financial Services or its associates, Partners, Partners, Employed Research Analyst have NOT received any compensation from the subject company in the past twelve months. (b) 24Carat Financial Services or its associates, Partners, Employed Research Analyst have NOT managed or co-managed public offering of securities for the subject company in the past Twelve month. (c) 24Carat Financial Services or its associates, Partners, Employed Research Analyst have NOT received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve month. (d) 24Carat Financial Services or its associates, Partners, Employed Research Analyst have NOT received any compensation for products or services from the subject company in the past twelve month

12 (e) (f) Disclosures 24Carat Financial Services or its associates, Partners, Employed Research Analyst have NOT received any compensation or other benefits from the Subject Company or third party in connection with research report. 24Carat Financial Services or any of its associates or fellow research analyst here by declares that they will always disclose in public appearance with regard to receipt of compensation. (g) 24Carat Financial Services or any of its associates or fellow research analyst has NOT served as an officer, director or employee of the subject company (h) 24Carat Financial Services or any of its associates or fellow research analyst entity has NEVER been engaged in market making activity for the subject company Management of conflicts of interest and disclosure: (A) 24Carat Financial Services has written internal policies and control Procedures governing the dealing and trading by any research analyst which are as Following: (a) 24 Carat Financial Services or any of its associates, its Partners, fellow research analyst does not have actual or potential conflict of interest arising from dealings or trading of securities of Subject Company or companies. (b) 24 Carat Financial Services or any of its associates, its Partners, fellow research analyst is promoting objective and reliable research that reflects the unbiased view of research analyst. (c) 24 Carat Financial Services or any of its associates, its Partners, fellow research analyst always prevents the use of research report to manipulate the securities market. (B) 24Carat Financial Services have in placed appropriate mechanism to Ensure independence of its research activities from its other business activities.