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DAILY COMMODITY REPORT 16TH OCTOBER 2012 WWW.EPICRESEARCH.CO +91 9752199966 HEADLINES Gold expected to drop below 1-week low. Indian gold is likely to extend losses past its lowest level in a week, hit on Monday, weighed by a stronger dollar overseas, considered an alternative to the yellow metal. The dollar and gold often move in opposite directions as the two compete for funds globally. The euro slipped TRADING TIP: against the dollar as traders awaited clarity on when Spain would request a bailout to shore up its battered finances. Sell Natural Gas Oct Gold is likely to correct a bit on strong dollar," said Epic research. Below 184.40 Copper steady as short term outlook cloudy. TGTS-182/179 Recent numbers from China have clouded expectations on SL-186.70 whether it will take more steps to shore up growth, with a decline in the country's annual consumer price inflation pointing to ample room for policy easing, but a strong rebound in September exports suggesting policy changes may not be needed for now. Copper trading is range bound at the moments as in the short term the situation is still uncertain and investors are waiting for the Chinese GDP Sell Gold Dec data and for news from LME week. Below 30960 i TGTS-30920/30860 SL-31004 WWW.EPICRESEARCH.CO +91 9752199966 PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 DAILY MARKET STATISTICS 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 Symbol Expiry Date PCP % Change LTP KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 Crude Oil 19-Oct-12 4862 -0.62 4832 PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11 Nickel 31-Oct-12 909.4 0.33 912.4 REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 Silver 7/19/2012 SOY BEAN 5-Dec-12 4330 4309 4265.5 61198 4303 4315 -2.02 12 0.28 59959 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 Gold 5-Dec-12 31284 -0.98 30977 WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 Lead 31-Oct-12 113.45 -1.19 112.1 Zinc 31-Oct-12 101.4 -0.94 100.45 Copper 30-Nov-12 434.9 -0.08 434.55 Aluminium 30-Oct-12 104.8 -0.62 104.15 WWW.EPICRESEARCH.CO +919752199966 DAILY MCX GOLD CHART ANALYSIS OPEN: 31251 HIGH: 31251 LOW: 30956 CLOSE: 30977 GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE DAILY MCX SILVER CHART ANALYSIS OPEN: 61066 HIGH: 61066 LOW: 59858 CLOSE: 59959 SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co 9752199966 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. 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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