Download Report

A Sharekhan commodity research newsletter
June 15, 2015 4:30 pm IST
Punter’s Call
Silver: Drifting lower
Last week silver continued to drift lower and has ended the
week on a negative note. It saw some buying emerge from
the lower end of the channel however, not very significant
and the bounce was also sold into. The daily and weekly
momentum indicators are bearing a negative crossover
and the price pattern also does not suggest trend reversal.
Thus, we continue to maintain our negative stance on
silver for targets of $15.26 and $14.4 which are crucial
swing lows. Traders should keep a stop loss of $17.15 for
the short positions.
Silver
10
5
0
-5
19.5
19.0
18.5
18.0
x
17.5
17.15
17.0
16.5
16.0
15.5
15.26
15.0
14.5
14.4
w
14.0
9 6
13
October
20
27
3
10 17
November
24
1
8
15
December
22
29
5
12
2015
19
26
2
9
16
February
23
2
9
March
16
23
30 6
April
13
20
27
4
11
May
18
25
1
8
June
15
22
29 6
July
13
2
Smart Chart Calls
Date
Recommendation
Stop loss/ Reversal
(on closing basis) (Rs)
Price (Rs)
LTP (Rs)
Potential P/L
at CMP (%)
Targets (Rs)
12-Jun-15
Sell Copper June
391.3
378.3
374.45
1.02
364-355
HCL: Hourly closing basis / DCL: Daily closing basis / FMCL: Fifteen minute closing basis
Note: calls are indicative and for record and have been initiated intra-day in the last 24 hours.
For Private Circulation only
REGISTRATION DETAILS Regd Add: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway
Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos. BSE - INB/INF011073351 ; BSE- CD
; NSE- INB/INF231073330 ; CD-INE231073330 ; MCX Stock Exchange - INB/INF261073333 ; CD-INE261073330 ; DP - NSDL-IN-DP-NSDL-233-2003 ; CDSLIN-DP-CDSL-271-2004 ; PMS-INP000000662 ; Mutual Fund-ARN 20669 ; Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080 ;
(MCX/TCM/CORP/0425) ; NCDEX-00132 ; (NCDEX/TCM/CORP/0142) ; NCDEX SPOT-NCDEXSPOT/116/CO/11/20626 ; For any complaints email at igc@
1
Riveting
Metals
June
15 , 2015
sharekhan.com; Disclaimer: Client
should read
the Risk Disclosure
Document
issued by SEBI & relevant exchanges and Do’s & Don’ts by MCX & NCDEX
and the T & C on www.sharekhan.com before investing.
Home
Momentum Swing
Date
Recommendation
Stop loss/Reversal
(on intraday basis)
(Rs)
Price (Rs)
LTP (Rs)
Potential P/L
at CMP (%)
Targets (Rs)
09-Jun-15
Buy Gold Aug
26300
26805
26821.00
0.06
27340-27685
05-Jun-15
Sell Aluminium
113.1
110.35
108.55
1.63
107-105.30
HCL: Hourly closing basis / DCL: Daily closing basis / FMCL: Fifteen minute closing basis / TPB: trailing profit booked
Note: calls are indicative and for record and have been initiated intra-day in the last 24 hours.
Looking Trendy
Short Term Trend
Target
Trend
Reversal
Support/Resistance
Gold MCX
27500
Ç
26350
26350/27500
Silver MCX
38000
Ç
36000
36000/38000
Crude MCX
3989
Ç
3790
3790/3989
Copper MCX
367
Ç
391.5
367/391.50
Zinc MCX
133
Ç
140
133/140
Nickel MCX
874
Ç
822
822/874
Reversal
Support/Resistance
1143/1200
15.6/16.9
55/62.58
2.57/2.80
130/144
822/895
Medium Term Trend
Target
Trend
Gold Cash US $
1143
Ç
1200
Silver Cash US $
15.6
Ç
16.9
55
Ç
62.58
2.57
Ç
2.8
Zinc MCX
130
Ç
144
Nickel MCX
895
Ç
822
Crude US $
Copper $ (comex)
Icon guide
Down
Ç
Ç
Up
Ç
Ç
Riveting Metals
Sideways
2
June 15 , 2015
Downswing matures
Upswing matures
Home
Day Trader’s Hit List - Evening session
For June 15, 2015
Instrument
Support Levels
LTP
Resistance Levels
Action
S2
S1
(Rs)
R1
R2
1161.0
1175.0
1179.9
1186.0
1186.0
Sell below S1
Gold MCX Aug
26350
26725
26836
27072
27356
Sell below S1
Silver Cash USD ($)
15.66
15.81
15.94
16.01
16.11
Sell below S1
Silver MCX Jul
36000
36450
36720
36830
37220
Sell below S1
Copper MCX June
357.00
373.00
374.3
377.0
380.00
Sell below S1
Zinc MCX June
132.00
133.90
134.35
135.50
136.50
Sell below S1
Nickel MCX June
800.00
822.00
828.3
834.0
839.0
Sell below S1
Aluminium MCX June
106.00
108.00
108.40
109.70
110.10
Sell below S1
Lead MCX June
113.00
116.00
116.40
117.50
118.30
Sell below S1
57.80
59.00
59.7
60.00
61.80
Buy Above R1/Sell below S1
3718.00
3800.00
3830
3852.0
3883.0
Buy Above R1/Sell below S1
176.00
179.70
181.0
183.0
187.0
Buy Above R1/Sell below S1
Gold Cash USD ($)
Crude Oil USD ($)
Crude Oil MCX June
Natural Gas MCX June
For Private Circulation only
Visit us at www.sharekhan.com
Home
“This document has been prepared by Sharekhan Commodities Pvt. Ltd. and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged
material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. If you have received this in error, please contact the sender and delete the material immediately from
your computer/mailbox. The information contained herein is from sources believed reliable. We do not represent that it is accurate or complete and it should not be relied upon as such. We may
from time to time have positions in, or options on, and buy and sell securities referred to herein. We may from time to time solicit from, or perform investment banking, or other services for, any
Rivetingrefl
Metals
June
15 , 2015Pvt. Ltd.”
company mentioned. Any comments or statements made herein do not necessarily
ect those of3Sharekhan
Commodities
Home