Daily Market Reflection

25th May 2016

Market Outlook

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Gold showed bearish moment and break the important support level
and closed below it. Gold is weak fundamentally and more weakness
can be seen. Gold is much bearish as compare to silver. In coming
session more bearishness can be seen and selling would be a
profitable strategy in gold. Crude oil is sideways but crude trend is
bullish. In coming session it can break the upper level so buying could
be profitable strategy in crude. Base metals are weak and bearishness
can be seen. In coming session selling from high would be profitable.
Fundamental News
Fundamental Factors
Gold and silver Sentiment remained largely lackluster,
in tune with a sluggish global trend, as investors
weighed prospects of a US interest rate rise, which
strengthened outlook for the dollar and dented the
metal's appeal.

Base Metals consolidate within short term downward

correction trends.

Important Data
Time

1:30pm
6:00pm

Currency

EUR
USD

Market Updates
MCX
Date
23-05-16
GOLD
29684
SILVER
39665
CRUDE
3251
COPPER
309.35
ALUMINIUM 104.60
LEAD
111.40
NICKEL
564.30
ZINC
123.65
NATURALGAS 139.30
COMEX
Date
23-05-16
GOLD
1251.50
SILVER
16.423
CRUDE
48.08
COPPER
2.055
USDINR
67.5575
$ INDEX
95.23

Event

Forecast

German Ifo Business

Climate

106.9

106.6

-60.1B

-56.9B

-1.8

-2.4

Multibagger

0.4%

0.4%

0.50%

0.50%

Goods Trade Balance

6:30pm

EUR

Belgian NBB Business

Climate

6:30pm

USD

7:30pm

CAD

Overnight Rate

8:00pm

USD

Crude Oil Inventories

HPI m/m

Previous

COMDEX

1.3M

Date
24-05-16
29300
39337
3309
311.45
105.35
111.80
570.10
123.70
134.80
Date
24-05-16
1229.55
16.250
48.61
2.063
67.8050
95.59

% Chg
-1.29%
-0.83%
+1.78%
+0.68%
+0.72%
+0.36%
+1.03%
+0.04%
-3.23%
% Chg
-1.75%
-1.05%
+1.10%
+0.39%
+0.37%
+0.38%

Our Previous calls update

Intraday super star
Date

Commodity

Entry

Exit

P/L

24/05

GUARSEED

3065

3030

3500

Date Commodity
23/05 NICKEL
Trifid special

Entry
571

Exit
564

P/L
1750

Date
20/05

Entry
113.35

Exit
111.80

P/L
7750

Commodity
LEAD

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Gold and Silver

GOLD

COMEX GOLD

PIVOTS S1
MCX
29250
COMEX 1225

S2
29085
1218

R1
29415
1233

R2
29600
1238

Gold today continue on lower note and broke its important

support of 29570 and found the support of 29283.
Sustaining below 29250 again drag it upto the support level
of 29000. On higher side if some correction happens then
29610 will act as strong resistance level.

SILVER

COMEX SILVER

PIVOTS

S1

S2

R1

R2

SILVER over all showed sideways to bearish movement all

MCX
COMEX

39350
16.15

39000
16.00

39750
16.35

40150
16.55

the day. Now bearishness may again drag it upto the

support level of 39000. On the other hand 39800 will act as
major resistance level above only some correction may be
seen.

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Crude and Copper

CRUDE

COMEX CRUDE

MCX Crude opened on lower note and showed bullishness

PIVOTS

S1

S2

R1

R2

as day trend support it. Now bullishness may bounce it

MCX

3270

3235

3335

3375

towards the resistance level of 3375. And on lower side

COMEX

48.25

47.60

48.95

49.55

3270 will act as important support level.

COPPER

COMEX COPPER

PIVOTS

S1

S2

R1

R2

Copper showed bullish movement in morning session and

MCX

310.85

308.65

314.50

317.50

bearish movement in evening session. Now if it maintain

COMEX

2.0495

2.0375

2.0695

2.0790

above 314 then 318 will act as next resistance level. On

other hand 310 will act as important support level.

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Other Commodities
PIVOTS
COMMODITIES

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

105

104

106

107

8477

2564

Bearish

LEAD

111

110

112.40

113.40

14183

4996

Bearish

NICKEL

560

550

577

587

28236

21771

Bearish

ZINC

123.20

122.20

124.20

125.30

22028

3540

Sideways

NATURAL GAS

131

128

137

140

43233

5989

Bearish

LME Inventory
Commodities

18/05/2016

19/05/2016

20/05/2016

23/05/2016

24/05/2016

ALUMINIUM

-4600

-5000

-5575

-5300

-5550

COPPER

+100

+1750

-2875

-725

+2250

LEAD

+4800

-200

-150

-125

+5575

NICKEL

-1680

+1482

-1104

-1668

-384

ZINC

-1000

-1125

-600

-975

-100

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Agri Commodity Updates

JEERA
Jeera showed bearish movement all the day and near to
its support level of 15950. Now if it sustain below 15950
then 15600 will act as next support level. On other
hand 16250 will act as major resistance level.

PIVOTS

RMSEED

S1

S2

R1

R2

15950

15700

16250

16500

Rmseed traded on bearish note and broke the

important support level of 4380 and closed near to its
support level of 4350. And now on lower side 4350
will act as important support level below which it will
drag down towards the support level of 4300. On
higher side some correction pulls it towards the
resistance level of 4385.
PIVOTS

S1

S2

R1

R2

4350

4320

4380

4410

CHANA
Chana showed bullish movement all the day broke its
important resistance level of 6050. Now if it maintains
above 6115 then 6160 will be next resistance level.
And on lower side 6040 will act as major support level.

PIVOTS

S1

S2

R1

R2

6045

6000

6120

6160

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Intraday Super Star

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Multibagger Call
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Trifid Special
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