Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips Weekly...
of 10
/10
-
Upload
capital-height -
Category
Economy & Finance
-
view
959 -
download
2
Embed Size (px)
description
CapitalHeight is a Financial advisory company provides online trading,NSE,BSE,MCX,NCDEX & intraday tips.We provide free commodity tips for commodity market.http://www.capitalheight.com9993066624
Transcript of Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips Weekly...
Weekly Newsletter06/09/2010
Weekly Newsletter-Commodity
www.capitalheight.com
Commodity
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
Weekly Newsletter
Contents
Market Wrap
Technical Analysis
Gold ( Comex)
Silver ( Comex)
Crude ( Nymex)
Naturalgas ( Nymex)
Copper (Comex)
USD/INR
www.capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Silver rallies more than 1 pct to near 2-1/2 year high
U.S dollar fell against the euro
Gold cuts loss after weak ISM data
Copper ends off 4-month high on weak services data
US payrolls fall by less than expected
Gold gained marginally this week after better than expected US economic data posted
in last two weeks. Gold is at $1246.60 and managed to continue its uptrend for fifth
straight week. It gained $9 after resisting $1254 and touched weekly low of $1231.
Gold shred most of its early week gains as US jobless claims came down at 472K,
Non-farm payrolls down at (-) 54K and Pending home sales jumped up to 5.20%.
The RSI for gold is at 66 which signal near to overbought market & gold has turned red
in its monthly chart. The holdings of the worlds’ largest gold backed exchange traded
fund, New York’s SPDR gold trust fell for the first time in a week with the drop of 9.12
tonnes straight marking the largest one-day decline since late July.
Copper is up at $ 349 gaining $10 and accumulated 2% gains on weekly basis.
It touched weekly high of $ 352 and took support of $334. Copper ended positive on
stronger economic data as pending home sales is up at 5.20% & lower jobless claims
complimented the uptrend. The Metal was higher as the dollar fell against the euro after
a successful Spanish govt. debt auction and the ECB keeping the key rates unchanged.
The fundamental reason for bullish copper is strong rebound seen in Asian economy,
specifically biggest consumer such as China posting better Chinese manufacturing data
& India’s Q1 GDP up at 8.8% supported by growth in manufacturing sector at 12.4%.
TECHNICAL
WEEKLY PIVOT
SCRIPT R4 R3 R2
GOLD 1313 1290 1267
OUTLOOK
Trend:- Bullish
Resistance:- 1253
Support:- 1227,1192
Strategy:- Buy on dips
ECHNICAL VIEW GOLD
R2 R1 P S1 S2
1267 1257 1244 1234 1221
53,1290$
,1192$
Buy on dips
GOLD WEEKLY
www.capitalheight.com
Phone- (0731)4295950
S3 S4
1198 1176
WEEKLY PIVOT
SCRIPT R4 R3 R2
SILVER 22.88 21.76 20.64
OUTLOOK
Trend:- Bullish
Resistance:- 19.94
Support:- 19.45,18.90
Strategy:- Buy on dips
SILVER
R2 R1 P S1 S2
20.64 20.22 19.52 19.10 18.40
94,20.85$
18.90$
Buy on dips
SILVER WEEKLY
www.capitalheight.com
Phone- (0731)4295950
S3 S4
17.28 16.16
WEEKLY PIVOT
SCRIPT R4 R3 R2
CRUDE 85.8 81.8 77.8
OUTLOOK
Trend:- Consolidate
Resistance:- 77.50,
Support:- 72.10,69.70
Strategy:- Buy on dips
CRUDE
R2 R1 P S1 S2
77.8 76.0 73.8 72.0 69.8
Consolidate
77.50,82.90$
69.70$
Buy on dips
CRUDE WEEKLY
www.capitalheight.com
Phone- (0731)4295950
S3 S4
65.8 61.8
WEEKLY PIVOT
SCRIPT R4 R3 R2
NG 4.59 4.34 4.09
OUTLOOK
Trend:- Bearish
Resistance:- 4.130
Support:- 3.520,2.970
Strategy:- Sell on high
NATURALGAS
R2 R1 P S1 S2
4.09 4.00 3.84 3.75 3.59
4.130,4.490$
2.970$
Sell on high
NATURALGAS WEEKLY
www.capitalheight.com
Phone- (0731)4295950
S3 S4
3.34 3.09
WEEKLY PIVOT
SCRIPT R4 R3
COPPER 400.3 382.0 363.7
OUTLOOK
Trend:- Bullish
Resistance:- 353,367
Support:- 339,326
Strategy:- Buy on dips
COPPER
R2 R1 P S1 S2
363.7 356.5 345.4 338.3 327.1
353,367
6
Buy on dips
COPPER WEEKLY
www.capitalheight.com
Phone- (0731)4295950
S3 S4
308.7 290.4
WEEKLY PIVOT
SCRIPT R4 R3 R2
INR 48.78 48.07 47.36
OUTLOOK
Trend:- Consolidate
Resistance:- 47.15
Support:- 45.80,45.10
Strategy:- Buy on dips
USD/INR
R2 R1 P S1 S2
47.36 46.91 46.65 46.20 45.94
Consolidate
5,48.10
,45.10
Buy on dips
USD/INR WEEKLY
www.capitalheight.com
Phone- (0731)4295950
S3 S4
45.23 44.52
www.capitalheight.com
Phone- (0731)4295950
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits
them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not
provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
and regulations of MCX and NCDEX.
The stock price projections shown are not necessarily indicative of future price performance. The information herein,
together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight might be
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in Commodity and equity market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not
purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
