Daily Market Reflection

2nd June 2016

Market Outlook

COMDEX

Gold and silver showed bearish movement because US dollar was

weak more pressure on US dollar can drag gold and silver to new lows.
In coming session more weakness can be seen in bullions. Selling gold
and silver would be a profitable strategy. Natural gas showed bullish
movement and in coming session more bullishness can be seen.
Buying natural gas would be a profitable strategy. Crude oil was
volatile and showed bearish movement and then it reversed and
made new high. Crude oil trend is bullish and in coming session more
bullishness can be seen. Buying would be profitable strategy.

Market Updates
MCX

Fundamental News
Fundamental Factors
Gold held steady, supported by an easing dollar and weaker
Asian stocks on Wednesday, a day after it closed higher for the
first time in 10 sessions.
Oil prices slid Wednesday as investors adopt a cautious stance
ahead of the weekly U.S. crude inventory data and the biannual
OPEC meeting, both scheduled for Thursday.

Important Data
Time

Currency

Event

All Day

All

OPEC Meetings

2:00pm

GBP

Construction PMI

USD

ADP Non-Farm
Employment
Change

5:45pm
6:00pm

USD

Unemployment
Claims

8:00pm

USD

Natural Gas
Storage

8:30pm

USD

Crude Oil
Inventories

Forecast

Previou
s

51.9

52.0

177K

156K

270K

268K
71B

-4.2M

GOLD
SILVER
CRUDE
COPPER
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX
GOLD
SILVER
CRUDE
COPPER
USDINR
$ INDEX

Date
31-05-16
28627
38400
3333
312.50
104.50
114.50
571.70
129.50
155
Date
31-05-16
1217.50
15.994
49.10
2.096
67.6000
95.83

Date
1-06-16
28990
38460
3308
310.45
106.05
116.15
574.10
133.05
161.30
Date
1-06-16
1212.45
15.890
48.87
2.072
67.7800
95.46

% Chg
+0.19%
+0.16%
-0.75%
-0.66%
+1.48%
+1.44%
+0.42%
+2.74%
+4.06%
% Chg
-0.41%
-0.65%
-0.47%
-1.12%
+0.27%
-0.39%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
31/0 COPPER
313.35 309
5
Multibagger
Date Commodity Entry
Exit
1/06 CRUDE
3310
3275
Trifid special
Date Commodity Entry
Exit
26/0 DHANIYA
6750
6825
5
For our next calls click here..

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4350

P/L
3500
P/L
-7500

Gold and Silver

GOLD

PIVOTS
MCX
COME
X

COMEX GOLD

S1
28830
1206

S2
28640
1198

R1
29150
1220

R2
29325
1230

SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

38250
15.90

37700
15.70

38750
16.15

39250
16.35

Gold today showed bullish movement in morning

session but bearishness showed in evening session
after US data. Sustaining below 28800 again drag it upto
the support level of 28500. On higher side if some
correction happens then 28250 will act as strong
resistance level.
COMEX SILVER

SILVER over all showed sideways to negative trend.

Now bearishness may again drag it upto the support
level of 38000. On the other hand 39000 will act as
major resistance level above only some correction may
be seen.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3275

3230

3335

3375

COMEX

48.40

47.75

49.55

50.20

COPPER

MCX Crude opened on lower note and showed bullish

movement in evening session. Now bullishness may
bounce it towards the resistance level of 3375. And on
lower side 3220 will act as important support level.

COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

309.60

307.40

312.70

315.40

COMEX

2.0515

2.0395

2.0755

2.0940

Copper opened on lower note and correct on higher side

in evening session. Now if it maintain above 313 then
317 will act as next resistance level. On other hand 308
will act as important support level.

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Other Commodities
PIVOTS
COMMODITIES

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

105.50

104.50

106.70

107.70

8228

2383

Bullish

LEAD

115.60

114.60

116.50

117.50

14880

3322

Bullish

NICKEL

564

550

584

600

24383

25983

Bearish

ZINC

132.50

131.50

133.30

134.30

33848

9163

Bullish

NATURAL
GAS

160

155

165

170

69179

12875

Bullish

LME Inventory
Commodities

25/05/2016

26/05/2016

27/05/2016

31/05/2016

1/06/2016

ALUMINIUM

-5375

-4425

-5900

-4900

-8925

COPPER

-2000

+725

-2225

-2025

+2625

LEAD

+5575

-275

-25

+225

-100

NICKEL

-630

-978

+1848

-978

-258

ZINC

-600

-50

-2025

-2300

-250

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Agri Commodity Updates

TURMERIC
Turmeric showed sideways to negative movement all
the day and closed near to its important support level
of 7810. Now if it maintains above 7900 then 8050
will be next resistance level. And on lower side 7800
will act as major support level.

PIVOTS

JEERA

S1

S2

R1

R2

7800

7730

7900

8000

Jeera showed sideways to negative trend. Now on

higher side 16400 will act as important resistance
level above which it will pull towards the resistance
level of 16750. On lower side some bearishness
drag towards the support level of 16150.

PIVOTS

S1

S2

R1

R2

16150

16000

16350

16550

GUARSEED
Guarseed showed sideways movement all the day
and correction on lower side and drag towards the
support level of 3083. Now if it sustains below 3080
then 3025 will be next support level. And on higher
side 3150will act as major resistance level.

PIVOTS

S1

S2

R1

R2

3080

3045

3150

3185

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Intraday Super Star

(Premium Section)

CALL: SELL SILVER BELOW 38250 TARGETS 38100/37800 SL 38450.

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Multibagger Call
(Premium Section)

CALL: SELL GURASEED BELOW 3085 TARGETS 3045/3000 SL 3140.

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Trifid Special
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 106.50 TARGETS 107.50 SL 105.

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