mcx commoditiesvid.investmentguruindia.com/report/2020/march/kedia daily base… · buy nickel mar...

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% Change 0.55 EUR 1.14 EUR -1.59 EUR -0.80 GBP 0.45 GBP 0.81 EUR 0.67 EUR 0.27 EUR -0.06 EUR PPI m/m Unemployment Rate Lme Nickel Economical Data French Gov Budget Balance Spanish Unemployment Change Italian Monthly Unemployment Rat 2042.50 12765.00 Lme Copper BOE Gov Carney Speaks Construction PMI CPI Flash Estimate y/y Core CPI Flash Estimate y/y Ltp* 1598.07 16.92 46.34 1.74 5748.50 Commodity Gold$ Silver$ Crudeoil$ Natural Gas$ Lme Lead Lme Aluminium 1857.50 1715.50 Lme Zinc 1 Lead 144.25 0.35 03 March 2020 URL : www.kediaadvisory.com Page Gold 41956.00 1.35 Silver 44995.00 1.33 03 March 2020 Commodity Close % Change Copper 429.00 1.69 Zinc 156.25 0.90 Crudeoil 3431.00 5.15 Natural Gas 127.70 2.74 Nickel 934.10 3.67 Aluminium 138.60 1.39 1.35 1.33 5.15 2.74 1.69 0.90 3.67 1.39 0.35 0.00 1.00 2.00 3.00 4.00 5.00 6.00 Gold Silver Crudeoil Natural Gas Copper Zinc Nickel Aluminium Lead MCX COMMODITIES

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Page 1: MCX COMMODITIESvid.investmentguruindia.com/report/2020/March/KEDIA DAILY BASE… · BUY NICKEL MAR 2020 @ 928.60 SL 920.00 TGT 940.00-948.00.MCX BUY ALUMINIUM MAR 2020 @ 137.50 SL

% Change

0.55 EUR

1.14 EUR

-1.59 EUR

-0.80 GBP

0.45 GBP

0.81 EUR

0.67 EUR

0.27 EUR

-0.06 EUR

PPI m/m

Unemployment Rate

Lme Nickel

Economical Data

French Gov Budget Balance

Spanish Unemployment Change

Italian Monthly Unemployment Rate

2042.50

12765.00

Lme Copper

BOE Gov Carney Speaks

Construction PMI

CPI Flash Estimate y/y

Core CPI Flash Estimate y/y

Ltp*

1598.07

16.92

46.34

1.74

5748.50

Commodity

Gold$

Silver$

Crudeoil$

Natural Gas$

Lme Lead

Lme Aluminium

1857.50

1715.50

Lme Zinc

1

Lead 144.25 0.35

03 March 2020 URL : www.kediaadvisory.com Page

Gold 41956.00 1.35

Silver 44995.00 1.33

03 March 2020

Commodity Close % Change

Copper 429.00 1.69

Zinc 156.25 0.90

Crudeoil 3431.00 5.15

Natural Gas 127.70 2.74

Nickel 934.10 3.67

Aluminium 138.60 1.39

1.35

1.33

5.15

2.74

1.69

0.90

3.67

1.39

0.35

0.00 1.00 2.00 3.00 4.00 5.00 6.00

Gold

Silver

Crudeoil

Natural Gas

Copper

Zinc

Nickel

Aluminium

Lead

MCX COMMODITIES

Page 2: MCX COMMODITIESvid.investmentguruindia.com/report/2020/March/KEDIA DAILY BASE… · BUY NICKEL MAR 2020 @ 928.60 SL 920.00 TGT 940.00-948.00.MCX BUY ALUMINIUM MAR 2020 @ 137.50 SL

% Chg

-1225

-75

-60

300

-10275

Commodity Sup - 3 Sup - 2 Sup - 1 Pivot Res - 1 Res - 2 Res - 3

2058 2090 2114

5935

1946 1978 2002 2034LME Zinc

LME Lead 1784 1809 1831 1856 1878 1903 1925

Page

LME Aluminium 1687.00 1719.50 1684.00 1716.50 -1.00 -0.06

LME STOCKS

LME Copper

LME Zinc

LME Nickel

LME Lead

LME Aluminium

LME Nickel 12220.00 12220.00 12680.00 85.00 0.67

Commodity Open Low Ltp* Rs Chg

INTERNATIONAL PIVOT

5466

2

1852.50 5.00 0.27

12745.00

1881.00LME Lead 1835.00 1834.00

13073 13402

5521 5622

1658 1671 1694 1707 1729 1742 1765

LME Copper

LME Nickel

High

5733.50 5723.00 25.50 0.45

2066.00

03 March 2020 URL : www.kediaadvisory.com

LME Zinc 2015.50 2010.00 2026.00 16.50 0.81

LME Aluminium

11827 12023 12352 12548 12877

5678 5779 5834

Short Covering

136.20 138.60

Alumini Apr 137.80

1.90 1.39

215 11.40

Zincmini Mar

Leadmini Mar 144.00 145.95 143.70

416.60 419.30 424.10

151.20 153.00 154.70

MCX PIVOT

439.10

OI Status

144.70

Nickel Apr 910.70 937.00 910.70 934.30 31.70

8.59

Contract

Copper Mar

140.05 136.65 139.20 1.80 1.31 439 206

12537 4401

-0.99

Alumini Mar 136.85 139.35

146.60 144.55

% Chg

LME Copper 5579.00 5577.00

Nickel Mar

Alumini Mar

894.50 904.00 919.00

141.20

928.50 943.50 953.00

142.40 146.80

143.10138.10 140.00

INTERNATIONAL MARKET SYNOPSIS

143.30 144.60 145.50

-0.53

Zincmini Apr 156.40 159.50 156.20 157.65 1.50 0.96 1298 1394 2.50

Short Covering

156.50 158.20 160.00 161.70 Short Covering

968.00

144.25 0.50 0.35 18226

426.80 431.60 434.30

Fresh Buying

147.70 Fresh BuyingLeadmini Mar

133.80 135.00 136.90

141.10

Leadmini Apr 144.90 0.50 0.35 397

Sup - 3 Sup - 2 Sup - 1 Pivot Res - 1 Res - 2 Res - 3

MCX MARKET SYNOPSIS

Contract

Copper Mar

1.73 303 214 127.17

Zincmini Mar 154.80 158.30 154.80 156.25 1.40 0.90 51429 16887

424.80 429.50 422.00 429.00 7.15 1.69 16643 4054

03 March 2020

3783 7.21

3.51 170 83 1.23

Nickel Mar 913.50 938.00 913.50 934.10 33.10 3.67 16011 1435 -4.00

Open High Low Close Rs Chg % Chg Volume OI

-10.65

Copper Apr 427.85 432.75 427.70 432.30 7.35

Page 3: MCX COMMODITIESvid.investmentguruindia.com/report/2020/March/KEDIA DAILY BASE… · BUY NICKEL MAR 2020 @ 928.60 SL 920.00 TGT 940.00-948.00.MCX BUY ALUMINIUM MAR 2020 @ 137.50 SL

BUY COPPER MAR 2020 @ 427.50 SL 424.00 TGT 431.50-434.00.MCX

SELL ZINC MAR 2020 @ 158.00 SL 160.00 TGT 154.60-153.00.MCX

ZINC

03 March 2020

3

Social inventories of copper cathode across Shanghai, Guangdong and Jiangsu stood at

503,700 mt, up 45,700 mt

COPPER

Copper trading range for the day is 419.3-434.3.

Copper bounced on hopes that global central banks will inject stimulus into sagging

economies shaken by the coronavirus outbreak.

The Organisation for Economic Cooperation and Development warned the virus is

plunging the world economy into its worst downturn since the global financial crisis.

Warehouse stock for Copper at LME was at 216950mt that is down by -1225mt.

Zinc trading range for the day is 153-160.

Zinc gained as data showed that social inventories of refined zinc ingots in China grew

slower, indicating that consumption is recovering.

Expectations of coordinated global stimulus to help soften the economic blow of the

coronavirus outbreak also supported.

The global zinc market's deficit rose to 23,100 tonnes in December from a deficit of 200

tonnes in November

Warehouse stock for Zinc at LME was at 75200mt that is down by -75mt.

03 March 2020 URL : www.kediaadvisory.com Page

Page 4: MCX COMMODITIESvid.investmentguruindia.com/report/2020/March/KEDIA DAILY BASE… · BUY NICKEL MAR 2020 @ 928.60 SL 920.00 TGT 940.00-948.00.MCX BUY ALUMINIUM MAR 2020 @ 137.50 SL

BUY NICKEL MAR 2020 @ 928.60 SL 920.00 TGT 940.00-948.00.MCX

BUY ALUMINIUM MAR 2020 @ 137.50 SL 136.00 TGT 139.80-140.60.MCX

03 March 2020

URL : www.kediaadvisory.com

Warehouse stock for Aluminium at LME was at 1071875mt that is down by -10275mt.

Nickel trading range for the day is 904-953.

Nickel prices rose on worries over ore supply as top producer Indonesia reported its first

coronavirus cases.

Indonesia aims to issue around late next month a regulation governing selling prices of

nickel ore, a Ministry of Energy and Mineral Resources official said

The global nickel market surplus widened to 2,000 tonnes in December from a surplus of

1,100 tonnes in the previous month

Warehouse stock for Nickel at LME was at 235368mt that is down by -60mt.

Aluminium trading range for the day is 135-141.2.

Aluminium gained supported by slower inventory growth, recovering consumption and

wider losses on primary aluminium production.

Social inventories of primary aluminium ingots across eight consumption areas in China,

including SHFE warrants, increased 53,000 mt.

China's manufacturing sector contracted at a record pace in February as efforts to contain

the recent outbreak of the coronavirus weighed heavily on performance of factories.

03 March 2020

NICKEL

4Page

ALUMINIUM

Page 5: MCX COMMODITIESvid.investmentguruindia.com/report/2020/March/KEDIA DAILY BASE… · BUY NICKEL MAR 2020 @ 928.60 SL 920.00 TGT 940.00-948.00.MCX BUY ALUMINIUM MAR 2020 @ 137.50 SL

Month Rate Mar Apr May Month Rate Mar Apr May Commodity Min

Mar 429.00 3.30 4.00 Mar 156.25 1.40 2.85 Copper 1.01

Apr 432.30 0.70 Apr 157.65 1.45 Zinc 4.40

May 433.00 May 159.10 Nickel -12.89

Aluminium -9.38

Lead 3.95

Month Rate Mar Apr May Month Rate Mar Apr May

Mar 934.10 0.20 0.30 Mar 138.60 0.60 1.15

Apr 934.30 0.10 Apr 139.20 0.55

May 934.40 May 139.75

Note:

03 March 2020

03 March 2020 URL : www.kediaadvisory.com Page 5

Buy at supports and sell at target. Support broken becomes resistance and a resistance broken becomes support. Always use Stop-loss never average loss making positions. This report is

based on previous closing. levels may change based on next day’s opening price. Please register on the site for daily levels.Yahoo messenger id is for getting latest levels on your

messenger. The call expires once the target is achieved or the stop-loss is hit.The calls given in this report are valid only for the current day. A trader should understand that, he/she should

not carryforward the trade, unless explicitly stated. DateSource:MCX, NCDEX, COMEX, NYMEX, and other Exchange.

Disclaimer:The calls made herein are for informational purpose and report contains only the viewpoints. We make no representation or warranty regarding the correctness, accuracy or

completeness of any information, and is not responsible for errors of any kind though the information obtained from the sources, which is believed to be reliable. The information contained

herein is strictly confidential and is meant for the intended recipients. Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of the information

without prior consent of Kedia Stocks & Commodities Research Pvt Ltd. is prohibited. The information and data are derived from the source that are deemed to be reliable the above calls

are based on the theory of Technical Analysis. Neither the company nor its employee is responsible for the Profit (es) &loss (es) arising due to the trader(s). The commodities and

derivatives discussed and opinions expressed in this report may not be suitable for all investors falling under different jurisdictions. All futures entail significant risk, which should be fully

understood prior to trading. Consult your Investment Advisor / Broker before making any investment.www.kediaadvisory.com

SPREAD SYNOPSIS

Copper Zinc Spread History

Max Avg

-19.90 8.00

-5.00 5.70

-187.70 1.70

-154.20 1.30

Nickel Aluminium -19.00 1.70

Mumbai. India. Mobile: 09323406035 / 09819296333 Email: URL: www.kediaadvisory.com

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