1. finance
2. investing
3. stocks

Shriram Market Analysis
& Research Team
C O M M O D I T YREPORT
16 March 2015
ECONOMIC/GLOBAL NEWS


U.S. producer price index for final demand fell by 0.5% in February.
Core producer price index still fell by 0.5% in February after edging
down by 0.1% in January. Producer prices in February were down by
0.6% compared to the same month a year ago. The report also said the
annual rate of core producer price growth slowed to 1.0% in February.
U.S. consumer sentiment index tumbled to 91.2 in March from the final
February reading of 95.4. Current economic conditions index fell to
103.0 in March from 106.9 in February, while the while the index of
consumer expectations slid to 83.7 from 88.0. On the inflation front,
one-year inflation expectations climbed to 3.0% in March from 2.8% in
February. The five-year inflation outlook also edged up to 2.8% from
2.7%.

The average asking price for a house in the United Kingdom was up
1.0% on month in March. On a yearly basis, prices climbed 5.4%.

Germany's wholesale prices decreased 2.1% year-on-year in
February. On a monthly basis, wholesale prices increased 0.5%.

India's exports contracted last month by over 15% to USD 21.54 billion,
while imports also fell by as much leaving a lower trade deficit of USD
6.84 billion. Imports during February were valued at USD 28.39 billion,
while it was USD 33.66 billion in the year-ago month, down 15.65%.
Smart
.........Investing
Index
13-March-15 12-March-15 Pts. Ch.
Sensex
USD/INR
Dollar Index
Euro/$1US
$1US/Yen
Pound/$1US
28503.30
63.084
100.31
1.0495
121.39
1.4744
28930.41
62.542
99.41
1.0635
121.30
1.4883
-427.11
0.54
0.90
-0.0140
0.09
-0.0139
% Change
-1.48
0.87
0.91
-1.32
0.07
-0.93
Market Update

U.S. stocks suffered another bout of selling on Friday and the
main indexes registered losses for a third straight week. The
S&P 500 closed 12.55 points or 0.6%, lower at 2,053. The Dow
Jones Industrial Average dropped 145.91 points, or 0.8%, to
17,749.31. The Nasdaq Composite ended the day down 21.53
points, or 0.4%, at 4,871.76.

Indian market lost sharply, with Banks leading the decline while
weak economic data also weighed on investor sentiment.
Currency Update

The ICE U.S. Dollar Index was up 0.76% to 100.1900 in recent
trade. The euro lost more than 3% of its value against the buck
for the second straight week Friday, as the dollar's eight-month
rally resumed. The euro traded as low as $1.0465, its weakest
level since January 2003, while the pound traded as low as
$1.4700, its lowest level since June 2010.

The Indian rupee today breached the the 63-mark intra day
against the Greenback and ended with a sharp loss of 47 paise
at 62.97 on sustained dollar demand from importers amid
weakness in local shares. At the Interbank Foreign Exchange
(Forex) market, the domestic units commenced slightly lower
at 62.52 a dollar from overnight close of 62.50 and touched a
high of 62.43. The Reserve Bank of India fixed the reference
rate for dollar at 62.6733 and for Euro at 66.4212.
Enquiry : +91 33 2359 4612, +91 33 2359 4614, +91 33 2358 1953, E-mail : [email protected]
C O M M O D I T YREPORT
16 March 2015
TECHNICAL REPORT
PRECIOUS METALS
Open Interest
Closing
Bullion
Gold April MCX
Gold April Comex
Silver May MCX
Silver May Comex
Open
25720
1153
35422
15.565
Bullion
( Technical )
Gold April MCX
Gold April Comex
Silver May MCX
Silver May Comex
High
25918
1161
35636
15.660
Low
25720
1150
35370
15.455
13-Mar-15
25890
1152
35533
15.494
12-Mar-15
25655
1152
35325
15.516
% Ch
0.92
0.04
0.59
-0.14
13-Mar-15
9332
217548
12471
111433
13-Mar-2015
% Ch
-7.97
0.12
-7.00
1.45
Close Price
Sup-3
Sup-2
Sup-1
Pivot Point
Res -1
Res -2
Res -3
25890
1152
35533
15.494
25569
1138
35124
15.208
25645
1144
35247
15.331
25767
1148
35390
15.413
25843
1155
35513
15.536
25965
1159
35656
15.618
26041
1165
35779
15.741
26163
1169
35922
15.823
Holdings In Tonnes As On
Name of the ETF
12-Mar-15
10140
217295
13410
109835
13-Mar-2015
Ratio
%Ch
12-Mar-2015
Ratio
Close
Close
SPDR Gold ETF
750.67
750.95
-0.04
Gold v/s Silver
1152.40
15.494
74.38
iShares Silver Trust
10181.17
10181.17
0.00
Gold v/s Crude Oil
1152.40
44.84
25.70
BASE METALS
LME Inventories (In Tonnes)
Base Metals
13-Mar-2015
Aluminum
Copper
Nickel
Lead
Zinc
Base Metals
( Technical )
Aluminium ( March )
Copper ( April )
Nickel ( March )
Lead ( March )
Zinc ( March )
12-Mar-2015
3913725
333575
430146
228700
537775
3919650
330750
430854
212600
540200
Change
% Change
-5925
2825
-708
16100
-2425
-0.15
0.85
-0.16
7.57
-0.45
Close Price
Sup-3
Sup-2
Sup-1
Pivot Point
Res -1
Res -2
Res -3
111.80
375.15
892.80
111.95
126.95
108.20
368.10
861.80
107.80
124.80
109.00
369.70
868.70
109.80
125.40
110.40
372.40
880.70
110.90
126.20
111.30
374.00
887.60
112.80
126.70
112.70
376.70
899.60
113.90
127.50
113.50
378.30
906.50
115.90
128.10
114.90
381.00
918.50
117.00
128.90
ENERGY
Open Interest
Closing
ENERGY
Crude Oil March MCX
Crude April Nymex
Natural Gas March MCX
Natural Gas April Henry Hub
ENERGY
( Technical )
Crude Oil March MCX
Crude April Nymex
Natural Gas March MCX
Natural Gas April Henry Hub
Smart
.........Investing
Open
2964
46.93
172.50
2.749
High
2978
47.28
174.50
2.759
Low
2846
44.75
169.40
2.674
13-Mar-15
2866
44.84
173.50
2.727
12-Mar-15
2982
47.05
172.00
2.734
% Ch
-3.89
-4.70
0.87
-0.26
13-Mar-15
42812
159596
6723
143796
12-Mar-15
38461
181658
7103
157612
% Ch
11.31
-12.14
-5.35
-8.77
Close Price
Sup-3
Sup-2
Sup-1
Pivot Point
Res -1
Res -2
Res -3
2866
44.84
173.50
2.727
2683
41.44
165.30
2.596
2765
43.09
167.40
2.635
2815
43.97
170.40
2.681
2897
45.62
172.50
2.720
2947
46.50
175.50
2.766
3029
48.15
177.60
2.805
3079
49.03
180.60
2.851
Enquiry : +91 33 2359 4612, +91 33 2359 4614, +91 33 2358 1953, E-mail : [email protected]
C O M M O D I T YREPORT
16 March 2015
OUTLOOK
Precious Metal: Likely to remain range-bound with marginal positive bias. Trade tracking support and resistance.
Base Metal: Likely to remain range-bound. Trade tracking support and resistances.
Energy: Likely to remain volatile with weak bias. Trade tracking support and resistance.
ECONOMIC CALENDER
Time
5:31:00 AM
12:00:00 PM
12:00:00 PM
12:00:00 PM
12:00:00 PM
6:45:00 PM
6:45:00 PM
Country
U.K.
India
India
India
India
U.S.
U.S.
Monday March 16, 2015
Event
Rightmove House Price Index (MoM)
WPI Food (YoY) (Feb)
WPI Fuel (YoY) (Feb)
WPI Inflation (YoY) (Feb)
WPI Manufacturing Inflation (YoY) (Feb)
Industrial Production (MoM) (Feb)
Manufacturing Production (MoM) (Feb)
Actual
1%
Forecast Previous
2%
8.00%
-10.70%
-0.70% -0.39%
1.05%
0.2%
0.2%
0.1%
0.2%
D I S C L A I M E R
This document has been prepared by ICFL (100% Subsidiary Company of Shriram Insight Share Brokers Ltd) and is meant for sole use by the recipient and not for circulation. This document is not to be
reported or copied or made available to others. The information contained herein is from sources believed reliable It should not be considered to be taken as an offer to sell or a solicitation to buy and sell any
Commodity or as an official confirmation of any transaction. We do not represent that it is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is
not intended to be and must not alone be taken as the basis for an investment decision. The investments discussed or recommended in this report may not be suitable for all investors. ICFL (100%
Subsidiary Company of Shriram Insight Share Brokers Ltd) Recommendation Service is a general recommendation service and is not to be construed as an individual investor specific Portfolio
Management and Advisory Service.
The user assumes the entire risk of any use made of this information. Each recipient of this document should arrive at an independent evaluation of an investment in the Commodities to in this document and
should consult its own advisors to determine the merits and risks of such an investment.
ICFL (100% Subsidiary Company of Shriram Insight Share Brokers Ltd) shall not be responsible for any loss or liability incurred to the user as a consequence of his or any other person on his behalf taking
any investment decisions based on the information, recommendations, research reports, analysis, quotes, etc. provided on the web site.
ICFL (100% Subsidiary Company of Shriram Insight Share Brokers Ltd) shall also not be liable for errors, omissions or typographical errors, disruption delay, interruption, failure, deletion or defect of/in the
Service provided by it.
All Users of the Service in countries other than India understand that by using the Service, they may be violating the local laws in such countries. If the User chooses to access the Service from outside India,
he shall be responsible for compliance with foreign and local laws
Smart
.........Investing
Enquiry : +91 33 2359 4612, +91 33 2359 4614, +91 33 2358 1953, E-mail : [email protected]