Published On 22 JAN 2019 Research Analyst Report 22 GOLD 31,998 JAN 2019 SILVER 38,820 Premium Commodity Daily Journal Strictly for Client Circulation Email: research@24cfin.com & contactus@24cfin.com
Market Wrap Mon 21 Jan 2019 Scrip Name Contract Open High Low Close GOLD SILVER CRUDE OIL NATURAL GAS COPPER ZINC LEAD ALUMINIUM NICKEL 05-Feb-2019 05-Mar-2019 18-Feb-2019 26-Jan-2019 28-Feb-2019 32044 32195 31985 32043 39155 39224 38802 38887 3875 3902 3838 3876 237.6 240.6 226.3 229.5 428.45 429.6 422.1 422.65 185.5 186.2 183.25 184.75 142.3 143.35 142.1 143.05 133.05 134.2 131.55 131.75 837 843.7 833.7 838.7
Support & Resistance Tue 22 Jan 2019 Scrip Name GOLD SILVER CRUDE OIL NATURAL GAS COPPER ZINC LEAD ALUMINIUM NICKEL Contract 05-Feb-2019 05-Mar-2019 18-Feb-2019 26-Jan-2019 28-Feb-2019 Res 2 Res 1 Pivot Sup 1 Sup 2 32284 32164 32074 31954 31864 39393 39140 38971 38718 38549 3936 3906 3872 3842 3808 246.4 238.0 232.1 223.7 217.8 432.3 427.5 424.8 420.0 417.3 187.7 186.2 184.7 183.3 181.8 144.1 143.6 142.8 142.3 141.6 135.2 133.5 132.5 130.8 129.9 848.7 843.7 838.7 833.7 828.7
MCX Outlook Tue 22 Jan 2019 Gold Falls Under $1280 Per Ounce In Asia- COMEX Gold pulled back yesterday, witnessing further selling pressure after the recent correction. Market is still expecting that the US Federal Reserve will pause its multi-year interest rate hike cycle though the risk appetite in global markets is weighing on the yellow metal. The commodity currently trades at $1278 per ounce, down 0.30% on the day. MCX Gold futures closed flat at Rs 32040 per 10 grams. The COMEX Gold tested their three week low near $1276 per ounce in intraday moves. Meanwhile, the Indian Rupee stayed slippery amid recent strength in oil prices and increased demand for the greenback from importers. At the interbank forex exchange, the rupee dropped around 10 paise to settle just under 71.30 per US dollar. COMEX Copper Tumbles More Than 1 %- COMEX Copper tumbled today after China stated that its official economic growth came in at 6.6% in 2018 the slowest pace since 1990. The Fourth quarter GDP growth came in at 6.4%, declining from 6.5% year-over-year growth in the third quarter. This pulled the red metal lower after it tested a three week high recently. The counter currently trades at $2.68 per pound, down 1.10% on the day. MCX Copper futures are currently trading at Rs 425.75 per kg, down 0.84% on the day as a break under Rs 430 levels extended.
Market News Tue 22 Jan 2019 Special News Silver is the outcast among precious metals as 2019 rebound promises fade Silver just completed its worst year in three. Investors are showing no signs of taking a shine to the metal in 2019, either. The commodity has erased its 2019 gain, while gold, platinumnse 0.00 % and palladium hold onto theirs. Silver futures on Friday posted the biggest weekly loss since November. Analysts say silver is getting hit from at least two sides as investors are turned off by its status as both a haven and industrial commodity. Optimism over trade talks is boosting equities and curbing demand for shelters from market turmoil. At the same time, caution over the broader economic outlook dims industrial-demand prospects at a time when silver is plentiful. Gold struggles for upward momentum- GOLD appears to be marking time below the psychological $1,300 level as a slight rebound in the US dollar chips away at the upward momentum. It has been noted that in 2018 Russia diversified from US assets, trimming its holdings of US Treasuries and shifting into gold, after the US imposed sanctions on some Russian entities. The nation bought 8.8 million troy ounces of the precious metal, which meant it leapfrogged China to become the fifth largest gold holder globally behind the US, Germany, France and Italy.
Commodity Buzz Tue 22 Jan 2019 MCX Silver may trade in a range between 38549-39393. Gold market under long liquidation; Support seen at 31953 MCX Aluminium expected to trade between 130.9-134.3 levels Nickel market under short covering; Support seen at 828.2 Zinc market under fresh buying; Support seen at 182.5
Analyst Speaks Tue 22 Jan 2019 MCX GOLD Technically Gold market is getting support at 31954 and below same could see a test of 31864 levels and resistance is now likely to be seen at 32164, a move above could see prices testing 32284. GOLD FEB BUY AROUND 32000-32020 TGTS 32120/32250 SL 31900 RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2 32284 32164 32074 31954 31864
Analyst Speaks Tue 22 Jan 2019 MCX CRUDE OIL Technically Crude Oil market is getting support at 3842 and below same could see a test of 3808 levels and resistance is now likely to be seen at 3906 a move above could see prices testing 3936. CRUDE OIL FEB SELL AROUND 3870-3860 TGTS 3810/3760 SL 3920 RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2 3936 3906 3872 3842 3808
Today s Economic Events Tue 22 Jan 2019 COUNTRY USD TIME EVENTS ACTUAL FORECAST PREVIOUS 08:30PM Existing Home Sales - 5.27M 5.32M
Disclaimer 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 (www.24cfin.com) 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
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. 2. 24Carat 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
(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.