Daily Market Reflection

2 th August 2016
Market Outlook

COMDEX

Gold and silver showed bullish movement after the weak economic
data of ISM manufacturing PMI and last Friday GDP of US was also
below the expectations. In coming session if the economic data of US
will be weak more bullishness can be seen and buying would be
profitable. Crude and Natural gas showed bearish movement. In crude
higher supply and lower demand again hit the market and it is going
lower. In coming session selling would be profitable in energy.
Fundamental News
India's gold imports fell for a sixth straight month in July as
sluggish
demand
Fundamental
Factorsand record high discounts prompted banks
and refineries to reduce overseas purchases of bullion.
Demand and supply trends in the oil market are still lopsided,
and prices are likely to move sideways in the coming days in the
absence of strong push or pull factors.
The Fed will likely abstain from doing anything in September or
October as that will be too early to make a move.

Important Data
Time

Currenc
y

Event

7:00am

AUD

Trade Balance

10:00am

AUD

Cash Rate

10:00am
6:00pm
6:00pm
6:00pm

Foreca
st

Previou
s

-2.00B

-2.22B

1.50%

1.75%

USD

RBA Rate
Statement
Core PCE Price
Index

0.1%

0.2%

USD

Personal Spending

0.3%

0.4%

USD

Personal Income

0.3%

0.2%

AUD

Market Updates
MCX
Date
29-07-16
GOLD
SILVER
COPPER

31596
47480
329.70

Date
01-0816
31562
47717
325.70

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

2681
109
121.70
718.10
151.45
186.80
Date
01-08-16
1359.65
20.510
40.06
2.201
66.713

-3.36%
-0.555
-0.45%
+0.78%
+0.63%
-3.16%
% Chg

GOLD
SILVER
CRUDE
COPPER
USDINR

2782
109.60
122.25
712.50
150.50
192.90
Date
29-07-16
1357.50
20.347
41.60
2.222
66.655

$ INDEX

95.53

95.68

+0.16%

-0.11%
+0.50%
-1.21%

+0.16%
+0.80%
-3.70%
-0.92%
+0.02%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
01/0 NATURAL G. 192
189
8
Multibagger
Date Commodity Entry
Exit
01/0 SOYABEAN
8
Trifid special
Date Commodity Entry
Exit
01/0 GOLD
8
For our next calls click here..

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3750

P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31450
1345

31250
1335

31660
1355

31900
1365

SILVER

Gold showed bullish movement in evening session and

found resistance of 31600. Now if it will close above the
important resistance level of 31600 then 31900 will act
as next resistance level. On lower side 31400 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

47500
20.30

47000
20.00

48200
20.65

48500
21.00

Silver showed sideways movement .Now if it will break

the resistance level of 48200 then 49000 will act as next
resistance level. On lower side 47500 will act as
important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2660

2600

2710

2770

COMEX

39.80

40.30
50

40.55

41.15

COPPER

Crude oil showed bearish movement and slip towards

the support level of 2650. Now if it will sustain below
2650 then 2600 will be next support level. On the other
hand 2730 will act as important resistance level.

COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

325

321

329

333

COMEX

2.1830

2.1710

2.2010

2.2150

Copper showed bearish movement and drag down towards

the support level of 325. Now if it will break the support
level of 325 then 320 will act as next support level. On the
other hand 330 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

108

106.80

110.20

111.50

7614

2121

Bearish

LEAD

120

118.50

122.50

124

11109

2785

Bearish

NICKEL

705

690

725

740

28690

8535

Bullish

ZINC

150.30

148.80

152.50

154

24323

12546

Bullish

NATURAL GAS

182

178

190

195

43599

5683

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
26/07/2016

27/07/2016

28/07/2016

29/07/2016

01/08/2016

ALUMINIUM

+4975

-6000

-5850

-8825

-9650

COPPER

-7625

+700

-5700

+725

+625

LEAD

-125

-75

-25

-50

-50

NICKEL

+6

+1038

-54

-1524

-120

ZINC

-200

-1000

-1575

-1400

-1425

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways and found its important
resistance level of 8600. Now on higher side 8630
will act as important resistance level above which it
will pull towards the resistance level of 8700. On
lower side some correction will take it towards the
support level of 8400.
PIVOTS

S1

S2

R1

R2

8400

8300

8600

8700

CARDAMOM
Cardamom showed sideways movement and
consolidated near to its important resistance of 965.
Now on higher side 962 will act as important
resistance level above which it will pull towards the
resistance level of 970. On lower side some
correction drags it towards the support level of 948.

PIVOTS

S1

S2

R1

R2

950

945

965

970

SOYABEAN
Soyabean showed bearish movement. Now on
lower side 3540 will act as important support level
below which it will drag down towards the support
level of 3500. On higher side some correction pulls
it towards the resistance level of 3600.

PIVOTS

S1

S2

R1

R2

3540

3500

3600

3650

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Intraday Super Star

(Premium Section)

CALL: SELL COPPER BELOW 325.50 TARGETS 322.50/319 SL 330.50.

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Multibagger Call
(Premium Section)

CALL: SELL SOYABEAN BELOW 3570 TARGETS 3530/3500 SL 3620.

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Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 31600 TARGETS 31700/31850 SL 31450.

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