Recommendations
Intraday Strategy:
Buy MCX Apr Gold between 30450 to 30500 label, SL – below 30400, Target – 30750 , 30800
Holding Strategy:
Sell MCX Apr Gold between 30800 to 30850 label few lots Sell again few lots if rally 31100 label, SL – Above 31560,
Target – 30350, 30000, 29600, 29500, 29300
Morning Technical Levels for Metals and Energy 14 March 2014
Commodity Exchange Contract Trend S2 S1 LTP R1 R2
Bullions
Gold MCX Apr Up 30200 30400 30549 30750 30850
Spot Gold Up 1355 1364 1371 1378 1382
GoldHedge NCDEX Mar Up 26660 26830 26968 27100 27190
Silver MCX May Up 46100 46400 46734 47000 47300
Spot Silver Up 20.90 21.10 21.19 21.30 21.50
SilverHedge NCDEX Apr Up 4170 4200 4233 4250 4280
Base Metals
LME Copper Down 6290 6340 6400 6450 6510
Copper MCX Apr Down 393 396 399.60 403 407
Zinc MCX Mar Down 119.00 120.00 121.25 122.20 123.00
Lead MCX Mar Down 121.50 122.50 123.45 124.50 125.50
Aluminium MCX Mar Down 103.00 104.00 104.95 106.00 107.00
Nickel MCX Mar Up 952 960 969.80 977 985
Energy
Crude Oil MCX Mar Down 5920 5970 6021 6060 6110
Crude Oil NYMEX Apr Down 96.50 97.30 98.16 98.90 99.80
Brent Crude Oil MCX Apr Down 6490 6540 6600 6630 6670
Brent Crude Oil NYMEX Apr Down 105.70 106.50 107.40 108.00 108.60
Natural Gas MCX Mar Down 262 265 268.9 272 277
International Commodities DATA
Friday| March 14, 2014
Important Events for Today
Indicator Country Time (IST) Actual Forecast Previous Impact
Monetary Policy Meeting Minutes Japan 5:20am - - - Medium
Trade Balance UK 3:00pm - -8.7B -7.7B Medium
PPI m/m US 6:00pm - 0.2% 0.2% High
Core PPI m/m US 6:00pm - 0.2% 0.2% Medium
Prelim UoM Consumer Sentiment US 7:25pm - 81.9 81.2 High
Outlook Gold and silver
Gold and silver prices are expected to trade on a positive note today on the back of rise in safe haven demand due to
geopolitical tensions between Ukraine and Russia. Further, upbeat market sentiments coupled with strength in the
DX on account of positive data set released from US will act as a positive factor. However, sharp upside in the
prices will be capped as physical demand in Asian regions has slowed down. In the Indian markets, depreciation
in the Rupee will support sharp gains in the prices.
Outlook Crude
From an intraday perspective, crude prices will trade lower as the data set released from China yesterday showed
that economy slowed markedly in the first two months of the year, with growth in investment, retail sales and
factory output all falling to multi-year lows. Besides, China's implied oil demand fell 3.1 percent
in the same time frame from a year ago, as the economy of the world's second largest oil consumer slowed sharply.
In the Indian markets, prices will trade positive taking cues from international markets
and the rupee weakness in today’s trading session.
Outlook Copper
We expect base metals prices to trade on a negative note today on the back of concerns of economic growth in Chinese economy.
Further, weak market sentiments due to geopolitical tensions between Ukraine and Russia coupled with strength
in the DX will exert downside pressure on the prices.
However, estimates of positive consumer sentiments data from the US in the evening session will restrict sharp downside in the prices.
In the Indian markets, depreciation in the Rupee will cushion downside movement in the prices.
Intraday Strategy:
Buy MCX Apr Gold between 30450 to 30500 label, SL – below 30400, Target – 30750 , 30800
Holding Strategy:
Sell MCX Apr Gold between 30800 to 30850 label few lots Sell again few lots if rally 31100 label, SL – Above 31560,
Target – 30350, 30000, 29600, 29500, 29300
Morning Technical Levels for Metals and Energy 14 March 2014
Commodity Exchange Contract Trend S2 S1 LTP R1 R2
Bullions
Gold MCX Apr Up 30200 30400 30549 30750 30850
Spot Gold Up 1355 1364 1371 1378 1382
GoldHedge NCDEX Mar Up 26660 26830 26968 27100 27190
Silver MCX May Up 46100 46400 46734 47000 47300
Spot Silver Up 20.90 21.10 21.19 21.30 21.50
SilverHedge NCDEX Apr Up 4170 4200 4233 4250 4280
Base Metals
LME Copper Down 6290 6340 6400 6450 6510
Copper MCX Apr Down 393 396 399.60 403 407
Zinc MCX Mar Down 119.00 120.00 121.25 122.20 123.00
Lead MCX Mar Down 121.50 122.50 123.45 124.50 125.50
Aluminium MCX Mar Down 103.00 104.00 104.95 106.00 107.00
Nickel MCX Mar Up 952 960 969.80 977 985
Energy
Crude Oil MCX Mar Down 5920 5970 6021 6060 6110
Crude Oil NYMEX Apr Down 96.50 97.30 98.16 98.90 99.80
Brent Crude Oil MCX Apr Down 6490 6540 6600 6630 6670
Brent Crude Oil NYMEX Apr Down 105.70 106.50 107.40 108.00 108.60
Natural Gas MCX Mar Down 262 265 268.9 272 277
International Commodities DATA
Friday| March 14, 2014
Important Events for Today
Indicator Country Time (IST) Actual Forecast Previous Impact
Monetary Policy Meeting Minutes Japan 5:20am - - - Medium
Trade Balance UK 3:00pm - -8.7B -7.7B Medium
PPI m/m US 6:00pm - 0.2% 0.2% High
Core PPI m/m US 6:00pm - 0.2% 0.2% Medium
Prelim UoM Consumer Sentiment US 7:25pm - 81.9 81.2 High
Outlook Gold and silver
Gold and silver prices are expected to trade on a positive note today on the back of rise in safe haven demand due to
geopolitical tensions between Ukraine and Russia. Further, upbeat market sentiments coupled with strength in the
DX on account of positive data set released from US will act as a positive factor. However, sharp upside in the
prices will be capped as physical demand in Asian regions has slowed down. In the Indian markets, depreciation
in the Rupee will support sharp gains in the prices.
Outlook Crude
From an intraday perspective, crude prices will trade lower as the data set released from China yesterday showed
that economy slowed markedly in the first two months of the year, with growth in investment, retail sales and
factory output all falling to multi-year lows. Besides, China's implied oil demand fell 3.1 percent
in the same time frame from a year ago, as the economy of the world's second largest oil consumer slowed sharply.
In the Indian markets, prices will trade positive taking cues from international markets
and the rupee weakness in today’s trading session.
Outlook Copper
We expect base metals prices to trade on a negative note today on the back of concerns of economic growth in Chinese economy.
Further, weak market sentiments due to geopolitical tensions between Ukraine and Russia coupled with strength
in the DX will exert downside pressure on the prices.
However, estimates of positive consumer sentiments data from the US in the evening session will restrict sharp downside in the prices.
In the Indian markets, depreciation in the Rupee will cushion downside movement in the prices.
