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DAILY COMMODITY REPORT 31st MARCH 2014

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DAILY MARKET WRAPUP 31st MARCH 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05-APR-14

28360

28490

28119

28380

0.33%

4343

SILVER

05-MAY-14

42906

43180

42411

42759

-0.32%

15480

CRUDEOIL

21-APR-14

6122

6135

6086

6115

-0.42%

7738

NATURALGAS

25-APR-14

273.9

275.5

269

270.5

-0.92%

6816

COPPER

30-APR-14

401.5

405.15

401.1

404.6

+0.77%

18950

LEAD

31-MAR-14

123.35

124.1

122.65

122.85

-0.61%

2594

NICKEL

31-MAR-14

947

954.9

941

944.1

-0.25%

4078

ZINC

31-MAR-14

118.3

119.25

117.95

118.1

-0.42%

1770

ALUMINIUM

31-MAR-14

101.95

103.4

101.85

103.2

+1.13%

3665

LME WAREHOUSE STOCKS (28-MAR- 2014)

YOUR MINTVISORY

METAL

TONNES IN STORAGE

ALUMINIUM

1825

COPPER

-1200

LEAD

-225

NICKEL

1464

TIN

185

ZINC

1825 Call us at +91-731-6642300


INTERNATIONAL MARKETS 31st MARCH 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,294.30

-0.50

-0.04%

JUN 14

GOLD SPOT

USD/T OZ.

1,295.23

+3.92

+0.30%

N/A

COMEX SILVER

USD/T OZ.

19.79

+0.08

+0.42%

MAY 14

COMEX COPPER

USD/LB.

304.15

+4.85

+1.62%

MAY 14

PLATINUM SPOT

USD/T OZ.

1,408.88

+9.32

+0.67%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

101.67

+0.39

+0.39%

MAY 14

CRUDE OIL (BRENT)

USD/BBL.

108.07

+0.24

+0.22%

MAY 14

RBOB GASOLINE

USD/GAL.

293.75

-0.51

-0.17%

APR 14

NYMEX NATURAL GAS

USD/MMBTU

4.49

-0.05

-1.17%

MAY 14

NYMEX HEATING OIL

USD/GAL.

295.79

+1.02

+0.35%

APR 14

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INTRADAY SUPPORT AND RESISTANCE 31st MARCH 2014

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

ALUMINIUM

30-APR

103.08

103.82

104.28

105.02

105.48

COPPER

30-APR

399.57

402.08

403.62

406.13

407.67

CRUDEOIL

21-APR

6063

6089

6112

6138

6161

GOLD

5-JUN

27817

27970

28177

28330

28537

LEAD

30-APR

122.72

123.38

124.42

125.08

126.12

NATURALGAS

25-APR

265.17

267.83

271.67

274.33

278.17

NICKEL

30-APR

933.3

939.9

950.5

957.1

967.7

SILVER

5-MAY

42014

42387

42783

43156

43552

ZINC

30-APR

117.50

118.05

119.05

119.60

120.60

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MOST ACTIVE CONTRACTS 31st MARCH 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

30-04-2014

42799.00

3,23,68,02,772.00

75,628

CRUDE OIL

21-04-2014

6113.00

30,52,58,768.00

49,936

NATURAL GAS

25-04-2014

270.20

1,24,68,919.40

46,147

SILVER M

30-04-2014

42798.00

1,74,31,19,742.00

40,729

COPPER

30-04-2014

404.35

1,13,52,934.95

28,077

COPPERMINI

30-04-2014

404.40

86,39,197.20

21,363

SILVER

05-05-2014

42755.00

87,74,60,865.00

20,523

GOLD M

04-04-2014

28408.00

48,88,16,456.00

17,207

GOLD

05-04-2014

28355.00

44,52,01,855.00

15,701

NICKEL

31-03-2014

943.50

1,47,26,148.00

15,608

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TODAY,S COMMODITY NEWS 31st MARCH 2014

COMMODITY HEADLINES Indian gold premiums fall to 5-month low on supply hopes. Gold snaps 4-day falling trend on low level buying, global cues. India shines in De Beers' supplier selection again. Silver down 0.7% on weak global cues. Goa's low-grade ore export faces stiff China pollution hurdle. Zinc up 0.1% as demand picks up. Nickel up 0.1% on increased demand. Sugar up 0.3% on increased summer season demand. Turmeric down 1.8% on sluggish demand. Potato futures fall 0.34% on higher supply. Oil prices up in Asia on US data. Crude prices rise in Asian trade. Mentha oil extends losses on profit-booking. Govt reduces potash subsidy; to save Rs 900 cr. Mentha oil down 0.9% on higher supply, low demand.

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COMMODITY BUZZ AND ECONOMIC EVENTS 31st MARCH 2014 SPECIAL NEWS The University of Michigan said that consumer sentiment rose to a seasonally adjusted 80.0 in March, from 79.9 in February and against the analyst expectation to rise to 80.5 last month. India's total external debt stock stood at US$ 426.0 billion at end-December 2013,, recording an increase of US$ 21.1 billion i.e. an increase of 5.2% over the level at end-March 2013, according to the Department of Economic Affairs, Ministry of Finance. India's external debt to GDP ratio stood at 23.3 per cent at end-December 2013 vis-à-vis 21.8 per cent at endMarch 2013. Short-term debt accounted for 21.8 per cent of India's total external debt, while the remaining (78.2%) was long-term debt. Component-wise, commercial borrowings accounted for 31.5 per cent of the total external debt, followed by NRI deposits (23.2%) and multilateral debt (12.3 per cent). After seeing a record rise in 2012-13, India’s iron ore imports have plunged to a five-ayear low so far this financial year. In the first 11 months of 2013-14, steel mills and sponge iron makers together imported 420,000 tonnes of iron ore, primarily lumps, a decline of 86.2 per cent compared with 3.05 million tonnes (mt) in 2012-13.

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COMMODITY BUZZ Pepper price prevailing in Vietnam during the week increased by VND 1,000 per kg from VND 125,500 per kg for black last week; while for white pepper increased significantly by VND 11,500 per kg to VND 182,500 per kg. In India, Kochi spot rate jumped by Rs 500 per quintal over the last week to Rs 52900 per quintal for the MG-1. A strong array of US economic data continued to haunt gold. The metal slumped well under $1300 per ounce today as the consumer spending in the US edged up in February at the fastest rate since November. The strength in US dollar also played its part as traders continued to sell the metal. COMEX futures quote at $1288, down $7 per ounce on the day. MCX Gold quotes at Rs 28176, down Rs 273 per 10 grams on the day. Silver prices fell 0.25% to Rs 43,765 per kg in futures trade as speculators engaged in off-loading positions. At the Multi Commodity Exchange, silver for delivery in July lost Rs 111, or 0.25%, to Rs a43,765 per kg, with a turnover of 25 lots. Also, silver for delivery in May shed Rs 62, or 0.14%, to Rs 42,984 per kg, in a business turnover of 564 lots.

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EPIC RESEARCH– ANALYST SPEAKS 31st MARCH 2014

SILVER

Silver fell from opening price and settled at 42759. for Monday price may find support at 42000 level and for up side at 43200 level. BUY SILVER(MAY) ABOVE 43300 TGTS 43550/43900 SL BELOW 43000 SELL SILVER(MAY) BELOW 42400 TGTS 42150/41800 SL 42700

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EPIC RESEARCH– ANALYST SPEAKS 31st MARCH 2014

GOLD

Due to positive US data, a sharp fall seen in gold on Friday, made low of 28119, and closed at 28380 level. For Monday we expect price may correct up to 28480 level before going to touch 28000 level, a firm buying only above 28500 for 28800 level. BUY GOLD(APR) ABOVE 28500 TGTS 28580/28700 SL 28400 SELL GOLD(APR) BELOW 28250 TGTS 28170/28050 SL 28350

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EPIC RESEARCH– ANALYST SPEAKS 31st MARCH 2014

GUARSEED

RESISTANCE 2

4785

RESISTANCE 1

4818

PIVOT

4750

SUPPORT 1

4682

SUPPORT 2

4648

BUY GUARSEED APR ABOVE 4785 TGTS 4815,4865 SL 4735 SELL GUARSEED APR BELOW 4720 TGTS 4690,4640 SL 4770

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EPIC RESEARCH– ANALYST SPEAKS 31st MARCH 2014

DHANIYA

RESISTANCE 2

9208

RESISTANCE 1

9247

PIVOT

9175

SUPPORT 1

9103

SUPPORT 2

9037

BUY DHANIYA APR ABOVE 9185 TGTS 9215,9265 SL 9135 SELL DHANIYA APR BELOW 9110 TGTS 9080,9030 SL 9160

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TODAY’S ECONOMIC EVENTS 31st MARCH 2014

MONDAY, MARCH 31 TIME

COUNTRY

EVENT

ALL DAY

HOLIDAY

INDONESIA - HINDU NEW YEAR

03:15

NZD

BUILDING CONSENTS (MOM)

-1.7%

05:20

JPY

INDUSTRIAL PRODUCTION (MOM)

-2.3%

05:30

AUD

HIA NEW HOME SALES (MOM)

4.6%

06:00

AUD

PRIVATE SECTOR CREDIT (MOM)

0.4%

07:30

NZD

ANZ BUSINESS CONFIDENCE

67.3%

11:30

EUR

GERMAN RETAIL SALES (MOM)

-0.5%

2.5%

12:15

EUR

FRENCH GDP (QOQ)

0.3%

0.3%

12:30

CHF

KOF LEADING INDICATORS

2.03

2.03

14:30

EUR

CORE CPI (YOY)

0.8%

1.0%

14:30

EUR

CPI (YOY)

0.6%

0.7%

18:00

CAD

GDP (MOM)

0.4%

-0.5%

19:15

USD

CHICAGO PMI

59.0

59.8

19:25

USD

FED CHAIR YELLEN SPEAKS

22:45

GBP

BOE GOV CARNEY SPEAKS

YOUR MINTVISORY

ACTUAL FORECAST PREVIOUS

-8.6% 0.3%

3.8% 0.5%

0.4%

0.4% 70.8%

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DISCLAIMER 31st MARCH 2014 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. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research 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 NSE and BSE.

The share 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 epic research 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 equity & bullion 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 epic research 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.

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Daily commodity report 31 march 2014 by epic research  

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