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Date Created: 12/21/15
MCX Daily Report (22 April 2013) MCX Commodity Evening Report!!! nd 22 April 2013, Monday 1 | P a g e WWW.EPICRESEARCH.CO CALL: +919752199966 MCX Daily Report (22 April 2013) MCX BULLIONS TECHNICAL LEVELS GOLD MCX FOUR HOUR CHART & LEVELS FOUR HOUR CHART – MCX GOLD JUSTIFICATION SUPPORT: Immediate Strong Support @25350 RESISTANCE: Immediate Resistance @26100 and on upside 26470 Comments: GOLD MCX has immediate resistance @26100 and on upside @26470. As GOLD MCX trend is down and looks week on can initiate short position on resistance levels and Maintain Target of 25350. If Gold Breaks 25300 on closing basis may face more Panic Sell off. 2 | P a g e WWW.EPICRESEARCH.CO CALL: +919752199966 MCX Daily Report (22 April 2013) MCX BULLIONS TECHNICAL LEVELS SILVER MCX FOUR HOUR CHART & LEVELS FOUR HOUR CHART – MCX SILVER JUSTIFICATION SUPPORT: Immediate Support @42800 RESISTANCE: Immediate Trend line Resistance and Next Resistance @44850 Comments: Silver MCX is facing trend line Resistance as shown in chart above and on the upside Resistance @44850. Any bounce towards 44850 will be selling opportunity. Immediate support @42800 trading below it SILVER MCX may face Selling pressure. 3 | P a g e WWW.EPICRESEARCH.CO CALL: +919752199966 MCX Daily Report (22 April 2013) MCX ENERGY TECHNICAL LEVELS CRUDEOIL MCX FOUR HOUR CHART & LEVELS FOUR HOUR CHART – MCX CRUDEOIL JUSTIFICATION SUPPORT: Immediate trend line Support and Major Support @4670 RESISTANCE: Immediate Resistance @4805 Comments: Crude Oil MCX trades above 4805 may head towards 5000 and if fails to break 4805 may head towards support level @4670. One can Initiate short position on higher levels around 4805. 4 | P a g e WWW.EPICRESEARCH.CO CALL: +919752199966 MCX Daily Report (22 April 2013) MCX ENERGY TECHNICAL LEVELS NATURAL GAS MCX FOUR HOUR CHART & LEVELS FOUR HOUR CHARTS – MCX NATURAL GAS JUSTIFICATION SUPPORT: Immediate Support @233 and Next Major Trend line Support @223 RESISTANCE: Immediate Resistance @237.50 Comments: Natural Gas MCX Resistance lies at 233 and Next Major Resistance lies @242. As Last week Natural Gas inventories were less then forecasted this is positive for natural gas and if breaks 233 may head towards 242. 5 | P a g e WWW.EPICRESEARCH.CO CALL: +919752199966 MCX Daily Report (22 April 2013) MCX METALS TECHNICAL LEVELS COPPER MCX FOUR HOUR CHART & LEVELS FOUR HOUR CHART – MCX COPPER JUSTIFICATION SUPPORT: Immediate Support @370 RESISTANCE: Immediate Resistance @386 and Next Resistance @401.50 Comments: COPPER MCX is facing huge sell off at higher levels and if breaks 370 on closing basis may head towards 355 in coming days. On the upside immediate Resistance lies @386 which is best opportunity to initiate short position. 6 | P a g e WWW.EPICRESEARCH.CO CALL: +919752199966 MCX Daily Report (22 April 2013) MCX BASE METALS TECHNICAL LEVELS LEAD MCX FOUR HOUR CHART & LEVELS FOUR HOUR CHART – MCX LEAD JUSTIFICATION SUPPORT: Immediate Strong Supports @106.40 RESISTANCE: Immediate Resistance @108.90 and @111.30 Comments: LEAD MCX is trading in down trend and one should initiate a short position around Resistance Levels around 111 for the target as double digit figure i.e. 99 in coming days 7 | P a g e WWW.EPICRESEARCH.CO CALL: +919752199966 MCX Daily Report (22 April 2013) nd ECONOMIC DATA ON 22 April 2013 Market Consensus before announcement of Existing Home Sales Existing home sales in February rose 0.8 percent to an annualized pace of 4.98 million units. January was revised to up 0.8 percent from the initial estimate of 0.4 percent. Low supply had been holding down sales but that appears to be changing as higher prices are bringing more homes into the market. Supply jumped 9.6 percent to 1.94 million units. Months' supply rose to 4.7 months from 4.3 months in January. Prices are rising as the median sales price gained 1.8 percent to $173,600. 8 | P a g e WWW.EPICRESEARCH.CO CALL: +919752199966 MCX Daily Report (22 April 2013) 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-madeinvestment advice. Epic research recommends that investors independently evaluateparticular 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. 9 | P a g e WWW.EPICRESEARCH.CO CALL: +919752199966 MCX Daily Report (22 April 2013) CONTACT US: http://www.epicresearch.co Epic Research Private Limited Corporate Office 411 Milinda Manor (Suites 409 - 417) 2 RNT Marg Opp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 / 2427 / 2230 Alternate: +91 731 664 2320 / 2226 +91 97521 99966 Or give us a missed call at 026 5309 0639 10 | P a g e WWW.EPICRESEARCH.CO CALL: +919752199966
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