CAPITAL STROKE UPDATE 26-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 110.7-114.3.
Aluminium gained as the US economy shrank faster than estimated in Q1 and the country’s durable goods orders fell in May. The number of US initial jobless claims last week will be released today, and a falling US dollar index will give support to base metals prices.

Aluminium daily stocks at Shanghai exchange came down by 2949 tonnes.

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CAPITAL STROKE UPDATE 25-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6540 R1-6460 S1-6350 S2-6280
Crude oil futures ended with slim losses in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity after a report said that US crude oil stockpiles rose last week, signaling weak demand for the fuel in the world’s biggest crude oil consumer.  Crude oil futures may rise today as an improving US economic outlook lifts demand for the fuel.

At the MCX, Crude Oil futures, for the July 2014 contract, closed at Rs 6,400 per barrel, down by 0.08 per cent, after opening at Rs 6,387, against a previous close of Rs 6,405. It touched an intra-day low of Rs 6,370.

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CAPITAL STROKE UPDATE 25-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-28000 S1-27400 S2-27100
Gold futures closed higher in the domestic market on Tuesday as investors and speculators booked fresh
positions in the precious metal tracking a firm trend in the overseas market as lingering tensions in Iraq amid sectarian violence boosted the safe haven demand for the precious metal.

Gold futures may trade lower today as investors stay cautious ahead of the US GDP data. Gold futures for August 2014 contract, at MCX, closed at Rs. 27,731 per 10 grams, up by 0.19 per cent, after opening at Rs. 27,641, against the previous closing price of Rs 27,678. It touched an intra-day high of Rs 27,870.

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CAPITAL STROKE UPDATE 25-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-134 R1-132 S1-128 S2-126
Zinc futures were trading tad lower in the domestic market on Wednesday as investors and speculators stayed cautious over booking fresh positions in the base metal amid weak physical demand for zinc in the domestic spot market.
At the MCX, Zinc futures for June 2014 contract is trading at Rs. 130.45 per 1 kg, down by 0.08 per cent, after opening at Rs. 130.60, against the previous closing price of Rs. 130.55. It touched an intra-day low of Rs. 130.35.

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CAPITAL STROKE UPDATE 25-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-43000 S2-41500
Silver futures ended higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the precious metal tracking a firm trend in the overseas market amid hopes that the US Federal Reserve may continue to keep interest rates near record low levels for a long time, boosting the appeal of the bullion as a store of value.

At the MCX, Silver futures for July 2014 contract closed at Rs. 44,494 per 1 kg, up by 0.11 per cent, after opening at Rs. 44,311, against the previous closing price of Rs. 44,445. It touched an intra-day high of Rs 44,970.

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CAPITAL STROKE UPDATE 25-June-2014 : MCX NATURAL GAS

Natural Gas futures ended higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as the recent slump in prices offered good bargain buying opportunity at existing levels, to investors.

At the MCX, Natural gas futures for June 2014 contract closed at Rs. 273.80 per mmBtu, up by 2.28 per cent, after opening at Rs 268, against the previous closing price of Rs 267.70. It touched an intra-day high of Rs 274.20.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 25 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-28000 S1-27400 S2-27100

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-43000 S2-41500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6540 R1-6460 S1-6350 S2-6280

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-428 R1-424 S1-412 S2-406

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-133 R1-131 S1-127 S2-125

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-134 R1-132 S1-128 S2-126

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1120 R1-1105 S1-1080 S2-1065

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CAPITAL STROKE UPDATE 24-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 110.5-113.1.
Aluminium dropped as pressure seen on profit booking amid negative composite PMI from the euro zone.

HSBC’s flash China manufacturing PMI for June hit 50.8 as the country’s mild stimulus measures are delivering results.

Aluminium daily stocks at Shanghai exchange came up by 370 tonnes.

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CAPITAL STROKE UPDATE 24-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1140 R1-1120 S1-1090 S2-1075
Nickel dropped as prices were weighed down due to escalating turmoil in Iraq, despite upbeat US PMI and home sales data.
However downside seen limited as China’s economic data were reported optimistic, and economic indicators from the US also brightened.
Preliminary US PMI for June hit a high never seen since May 2010, with output index up for a third consecutive month

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CAPITAL STROKE UPDATE 24-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-424 R1-420 S1-410 S2-406
Copper settled up recovered from the last week’s falls following news of increased manufacturing activity in China.
Global world refined copper market showed a 83k tonnes deficit in March, compared with a 2k tonnes surplus in Feb, ICSG said

HSBC Flash China Manufacturing PMI rose to a 7-month high of 50.8 in June, beating the expected 49.70.

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