daily commodity report by epic research- 19 october 2012

7/31/2019 DAILY COMMODITY REPORT BY EPIC RESEARCH- 19 OCTOBER 2012

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DAILY COMMODITY REPORT

19TH

OCTOBER 2012

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HEADLINES

Gold may shine as rising dollar will makeimports dearer.

A rise in the dollar, besides uncertainty over a solution

to the Euro zone debt crisis, is likely to boost gold in the

domestic market. Overnight, the dollar gained against

the euro to 1.3072 from $ 1.3121 on Wednesday after

having dropped to the lowest in a month. This is set to

result in the rupee also falling. A weak rupee will makegold imports costlier and therefore, the yellow metal

could gain. The precious metal has been gaining in the

last few sessions owing to a weaker rupee.

London copper edges up for 3rd day; focus on

China data.

London copper rose for a third session, boosted by data

that showed China's economy stabilizing and a recovery gathering pace in the U.S. housing sector. China should

hit or beat the government's growth target this year and

a mild economic recovery is likely in the fourth quarter,

the country's statistics bureau said, after a slew of

better-than-expected data offset a seventh straight

quarter of GDP slow down in July-September.

TRADING TIP:

Buy Gold Dec

Above 31400

TGTS-31450/31520

SL-31347

Buy Natural Gas Oct

Above 192.70

TGTS-194/196.40

SL-191.40


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PRODUCTNAME

EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGECHANGE

CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61

CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99

GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46

JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68

KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76

PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11

REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2

SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28

TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66

WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89

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DAILY MARKET STATISTICS

Symbol Expiry Date PCP % Change LTP

Crude Oil 19-Oct-12 4868 1.40 4936

Nickel 31-Oct-12 906.90 2.19 926.80

Silver 5-Dec-12 60574 0.26 60732

Gold 5-Dec-12 31140 0.75 31375

Lead 31-Oct-12 114 1.27 115.45

Zinc 31-Oct-12 100.50 0.95 101.45

Copper 30-Nov-12 439.15 1.06 443.80

Aluminium 30-Oct-12 104.40 2.25 106.75


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DAILY MCX GOLD CHART

ANALYSIS

OPEN: 31171

HIGH: 31392

LOW: 31116

CLOSE: 31375

GOLD LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS


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DAILY MCX SILVER CHART

ANALYSIS OPEN: 60592

HIGH: 60978

LOW: 60050

CLOSE: 60732

SILVER LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

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daily commodity report by epic research- 19 october 2012

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