Daily Market Reflection 3rd March 2017

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Market Outlook

Important Data

Market UpdatesMCX Date Date % Chg

1-03-17 2-03-17GOLD 29435 29166 -0.89%SILVER 43400 42231 -2.71%COPPER 403.80 397.95 -1.49%CRUDE 3605 3537 -1.86%ALUMINIUM 129.80 127.50 -1.73%LEAD 153.90 150.80 -2.14%NICKEL 737.20 723.90 -1.79%ZINC 190.85 185.65 -2.75%NATURALGAS 186.20 188.30 +1.18%

COMEX Date 1-03-17

Date 2-03-17

% Chg

GOLD 1250.00 1232.75 -1.38%SILVER 18.489 17.758 -3.95%CRUDE 53.83 52.82 -1.89%COPPER 2.736 2.686 -1.83%$ INDEX 101.74 102.17 +0.41%

USDINR 67.0375 66.9000 -0.21%

Gold prices resumed losses from the prior session during onThursday, amid rising expectations that the Federal Reserve willraise interest rates later this month. Oil prices fell on Thursdayafter U.S. crude stocks hit an all-time high and official datashowed Russian oil production unchanged in February, with nofurther cuts to tighten the market and drain global oversupply.The base metals are consolidating after Wednesday’s gains withprices off an average of 0.3%.

Fundamental News

Gold gave back most of its losses as the dollar pared gains andbullion shrugged off earlier pressure from U.S. Federal Reserveofficials' comments that raised expectations of an interest ratehike in March.

The Organization of the Petroleum Exporting Countries (OPEC)reduced its oil output for a second month in February, a Reuter’ssurvey found, showing the exporter group has boosted alreadystrong compliance to around 94 percent.

Time Currency Event Forecast

Previous

12:30pm EURGerman Retail

Sales m/m0.2% -0.9%

3:00pm GBP Services PMI 54.2 54.5

8:15pm USD Final Services PMI 53.9 53.9

8:30pm USDISM Non-

Manufacturing PMI56.5 56.5

8:45pm USDFOMC MemberEvans Speaks

11:30pm USDFed Chair Yellen

Speaks

OUR PREVIOUS CALLS UPDATEIntraday super starDate Commodity Entry Exit P/L

2/3 NICKEL 733 723 2500

MultibaggerDate Commodity Entry Exit P/L2/3 ALUMINIUM - - -Trifid specialDate Commodity Entry Exit P/L

2/3 SILVER - - -

For our next calls click here……..

COMDEX

Gold and Silver

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SILVER COMEX SILVER

GOLD

PIVOTS

S1 S2 R1 R2

MCX 29100 28800 29400 29600COME 1230 1215 1240 1255

COMEX GOLD

Gold showed bearish movement and found the importantsupport level of 29143. Now if it will sustain below theimportant support level of 29100 then 28800 will act asnext support level. On the other hand 29350 will act as amajor resistance level.

PIVOTS S1 S2 R1 R2

MCX 42500 42000 43000 43500

COMEX 16.60 16.40 17.90 18.10

Silver showed bearish movement and found theimportant support level of 42500. Now if it will sustainbelow 42500 then 42000 will act as next resistance level.On the other hand 43000 will act as a major supportlevel.

Crude and Copper

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CRUDE COMEX CRUDE

COPPER COMEX COPPER

PIVOTS S1 S2 R1 R2

MCX 3500 3450 3560 3620

COMEX 52.50 51.70 53.20 54.00

Crude showed sideways to bearish movement andfound the important resistance level of 3530. Now if itwill close above the important resistance level of 3500then 3400 will act as next resistance level. On the otherhand 3600 will act as a major support level.

.

PIVOTS S1 S2 R1 R2

MCX 395 390 402 410

COMEX 2.6960 2.6750 2.7500 2.7700

Copper showed sideways to bearish movement andfound the important support level of 396. Now if it willclose below the important support level of 395 then 390will act as next support level. On the other hand 402 willact as a major resistance level.

Other Commodities

Due to Summer Bank Holiday NO LME DATA TODAY

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COMMODITIES

S1 S2 R1 R2 VOLUME OI TREND

ALUMINIUM 125 123 128 131 8755 3788 Bearish

LEAD 150 148 153 155 10847 1784 Bearish

NICKEL 710 690 735 750 28504 12327 Bearish

ZINC 183 181 188 191 20022 5688 Bearish

NATURAL GAS 183 180 190 193 77764 8432 Bullish

PIVOT

COMMODITIES 24/02/2017 27/02/2017 28/02/2017 1/03/2017 2/03/2017

ALUMINIUM -4800 +27875 -86505 -12500 -7625

COPPER -3225 -3925 -3775 -2375 -725

LEAD +525 +525 -575 -150 +300

NICKEL -2040 -1068 -1146 +312 +666

ZINC -1725 +4475 -1750 -50 -25

LME INVENTORYdasdasdinkjjlfcnl

Agri Commodity Updates

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JEERA

SOYABEAN

PIVOTS S1 S2 R1 R2

16700 16500 17100 17400

PIVOTS S1 S2 R1 R2

2900 2860 2970 3030

Jeera showed bearish movement today and foundthe resistance level of 17200. If prices sustain below16700 levels in next trading session then thisbearish momentum can take prices to 16500 levels.If it breaks the resistance level of 17100 then 17400will act as next resistance level.

.

Soyabean showed sideways movement and foundthe important resistance level of 2970. If pricessustain below 2900 level in next trading sessionthen this bearish momentum can take prices to2860 level. If it breaks the resistance level of 2970then 3020 will act as next resistance level.

PIVOTS S1 S2 R1 R2

3675 3600 3800 3850

Guarseed found the important resistance level of3800 and showed bullish movement. If pricessustains below 3675 level in next trading sessionthen this bearish momentum can take prices to 3600level. If it breaks the resistance level of 3800 then3850 will act as next resistance level.

GUARSEED

Intraday Super Star (Premium Section)

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CALL: SELL NICKEL BELOW 720 TARGET 710/700 SL 735.

Multibagger Call (Premium Section)

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CALL: SELL ZINC BELOW 185 TARGET 184/183 SL 186.50.

Trifid Special(Premium Section)

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CALL: SELL GOLD BELOW 29140 TARGETS 29040/28940 SL 29309.

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