HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

Market Wrap-Up

MCX Market Wrap-Up

% Change in
Previous % Change in % Change
Commodity Contract Open High Low Close Open Inter-
Close Price in Volume
est
Aluminium 30-Nov-18 144.85 144.60 145.90 142.45 142.62 -1.54% -38.71% 10.45%

Copper 30-Nov-18 451.25 450.00 452.00 429.70 431.25 -4.43% -57.81% 10.28%

Crude Oil 16-Nov-18 4,609 4,606 4,684 4,297 4,362 -5.36% -7.57% 14.35%

Gold 05-Dec-18 31750 31736 31876 30942 31016 -2.31% -36.58% -8.20%

Lead 30-Nov-18 145.7 145.20 145.90 138.85 142.45 -2.23% -35.75% 24.86%

Natural Gas 27-Nov-18 240.50 242.50 276.20 242.50 272.60 13.35% 36.44% 112.11%

Nickel 30-Nov-18 870.40 865.80 869.00 824.00 829.50 -4.70% -2.57% 16.47%

Silver 05-Dec-18 38620 38547 38720 36689 36880 -4.51% -10.78% 27.70%

Zinc 31-Oct-18 188.65 188.75 189.25 180.70 185.25 -1.80% -26.43% 3.38%

NCDEX Market Wrap-Up

Previous % Change % Change in % Change
Commodity Contract Open High Low Close
Close in Price Open Interest in Volume

Castor Seed 20-Dec-18 5764.00 5770.00 6070.00 5770.00 5952.00 3.26% -6.02% 2.23%

Chana 20-Dec-18 4091.00 4146.00 4587.00 4114.00 4587.00 12.12% 122.02% -14.11%

Dhaniya 20-Dec-18 6384.00 6423.00 6647.00 6365.00 6393.00 0.14% -28.43% -2.25%

COCUDAKL 20-Dec-18 1833.50 1851.50 1949.00 1832.00 1902.50 3.76% 118.75% 20.68%

Guargum5 20-Dec-18 10345.00 10318.00 10450.00 9940.00 10292.00 -0.51% 36.66% -0.92%

Guarseed10 20-Dec-18 4737.00 4750.00 4850.00 4630.00 4797.50 1.28% 21.37% 2.10%

Jeera 20-Dec-18 21110.00 21180.00 21520.00 20680.00 20760.00 -1.66% 3.47% -0.65%

RMseed 20-Dec-18 4164.00 4160.00 4198.00 4121.00 4130.00 -0.82% 56.23% -3.83%

Ref Soya Oil 20-Dec-18 755.55 757.00 757.50 741.40 743.35 -1.61% 1.33% 4.98%

Soyabean 20-Dec-18 3422.00 3430.00 3489.00 3355.00 3379.00 -1.26% -19.85% -1.96%

Turmeric 20-Dec-18 6650.00 6650.00 6770.00 6534.00 6632.00 -0.27% 189.60% 1.57%

Mentha Oil 30-Nov-18 1767.90 1765.10 1778.00 1731.30 1761.80 -0.35% -50.83% -1.61%
Currency Market Wrap-Up
Previous Change in
Currency Pair Contract Open High Low Close
Close Price (in%)
USDINR 28-Nov-18 72.6450 73.0025 73.2850 72.5600 72.6425 0.00%

GBPINR 28-Nov-18 94.7200 94.8025 95.7700 94.5250 94.6100 -0.12%

JPYINR 28-Nov-18 64.4750 64.4000 64.8200 63.8550 63.8925 -0.90%

EURINR 28-Nov-18 83.3475 83.2500 83.6975 82.4525 82.5200 -0.99%

Continued…….
2 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018
Market Wrap-Up

International Market Wrap-up

Previous
Commodity Exchange Open High Low Close % Change in Price
Close
Aluminium LME 1978.75 1983.00 2001.50 1951.75 1956.50 -1.12%
Copper COMEX 2.803 2.786 2.786 2.680 2.687 -4.14%

Crude Oil NYMEX 63.14 62.99 64.14 59.26 60.19 -4.67%

Gold COMEX 1230.90 1230.60 1233.80 1207.00 1206.40 -1.99%

Lead LME 2005.25 2005.25 2008.25 1906.75 1965.75 -1.97%

Natural Gas NYMEX 3.284 3.471 3.824 3.437 3.719 13.25%

Nickel LME 11937.50 11942.50 11962.50 22397.50 11417.50 -4.36%

Silver COMEX 14.707 14.580 14.645 14.485 14.103 -4.11%

Zinc LME 2548.500 2552.25 2557.50 2436.75 2504.500 -1.73%

3 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018

Inventory Updates

LME Inventory
Closing (As on 09th Nov 18) Closing (As on 02nd Nov 18)
Commodity % Change in Price
In tones in tones

Aluminium 1055025 1047325 0.74%

Copper 172325 136675 26.08%

Lead 111875 113550 -1.48%

Nickel 217314 218868 -0.71%

Zinc 133600 144175 -7.33%

Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018
Inventory Updates

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Market Next Week
Upcoming Economic Events Calender
Time Currency Event Forecast Previous

Tuesday, November 13, 2018

Tentative CNY New Loans 915.0B 1,380.0B
15:00 GBP Average Earnings Index +Bonus (Sep) 3.00% 2.70%
15:00 GBP Claimant Count Change (Oct) 4.3K 18.5K
15:00 GBP Employment Change 3M/3M (MoM) -5.0K
15:00 GBP Unemployment Rate (Sep) 4.00% 4.00%
16:50 USD OPEC Monthly Report
Wednesday, November 14, 2018
0:30 USD Federal Budget Balance (Oct) -116.6B 119.0B
7:30 CNY Industrial Production (YoY) (Oct) 5.80% 5.80%
7:30 CNY Chinese Unemployment Rate 4.90%
15:00 GBP CPI (MoM) (Oct) 0.20% 0.10%
19:00 USD CPI (MoM) (Oct) 0.30% 0.10%
Thursday, November 15, 2018
15:00 GBP Core Retail Sales (YoY) (Oct) 3.30% 3.20%
15:00 GBP Retail Sales (MoM) (Oct) 0.10% -0.80%
19:00 USD Core Retail Sales (MoM) (Oct) 0.50% -0.10%
19:00 USD Export Price Index (MoM) (Oct) 0.10% -0.20%
19:00 USD Initial Jobless Claims 216K 214K
19:00 USD NY Empire State Manufacturing Index (Nov) 19.3 21.1
19:00 USD Philly Fed Employment (Nov) 19.5
19:00 USD Retail Sales (MoM) (Oct) 0.60% 0.10%
21:30 USD Crude Oil Inventories 5.783M
Friday, November 16, 2018
1:30 USD FOMC Member Kashkari Speaks
Tentative GBP Inflation Report Hearings
19:45 USD Industrial Production (MoM) (Oct) 0.20% 0.30%
19:45 USD Industrial Production (YoY) 5.10%
20:30 USD Michigan Consumer Sentiment (Nov) 98 98.6
Currency Weekly Pivots
Currency Pair Contract R3 R2 R1 PP S1 S2 S3
USDINR 28-Nov-18 74.3000 73.6000 73.1500 72.8500 72.4000 72.1500 71.4000
GBPINR 28-Nov-18 97.4500 96.2000 95.4000 94.9500 94.1500 93.7000 92.4500
JPYINR 28-Nov-18 66.1500 65.1500 64.5500 64.2000 63.6000 63.2500 62.2500
EURINR 28-Nov-18 85.4000 84.1500 83.3500 82.9000 82.1000 81.6500 80.4000
Continued…….
6 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018
Market Next Week

MCX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Aluminium 30-Nov-18 150.55 147.10 144.85 143.65 141.40 140.20 136.75

Copper 30-Nov-18 482.25 459.95 445.60 437.65 423.30 415.35 393.05

Crude Oil 16-Nov-18 5222 4835 4598 4448 4211 4061 3674

Gold 05-Dec-18 33146 32212 31614 31278 30680 30344 29410

Lead 30-Nov-18 156.50 149.45 145.95 142.40 138.90 135.35 128.30

Natural Gas 27-Nov-18 331.15 297.45 285.00 263.75 251.30 230.05 196.35

Nickel 30-Nov-18 930.85 885.85 857.70 840.85 812.70 795.85 750.85

Silver 05-Dec-18 41492 39461 38170 37430 36139 35399 33368

Zinc 31-Oct-18 202.15 193.60 189.40 185.05 180.85 176.50 167.95

NCDEX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Castor Seed 20-Dec-18 6531 6231 6091 5931 5791 5631 5331

Chana 20-Dec-18 5375 4902 4745 4429 4272 3956 3483

Dhaniya 20-Dec-18 7032 6750 6572 6468 6290 6186 5904

COCUDAKL 20-Dec-18 2128.50 2011.50 1957.00 1894.50 1840.00 1777.50 1660.50

Guargum5 20-Dec-18 11247 10737 10515 10227 10005 9717 9207

Guarseed10 20-Dec-18 5199.15 4979.15 4888.30 4759.15 4668.30 4539.15 4319.15

Jeera 20-Dec-18 22667 21827 21293 20987 20453 20147 19307

RMseed 20-Dec-18 4304 4227 4178 4150 4101 4073 3996

Ref Soya Oil 20-Dec-18 779.60 763.50 753.40 747.40 737.30 731.30 715.20

Soyabean 20-Dec-18 3676 3542 3460 3408 3326 3274 3140

Turmeric 20-Dec-18 7117 6881 6757 6645 6521 6409 6173

Mentha Oil 30-Nov-18 1850.5 1803.8 1782.8 1757.1 1736.1 1710.4 1663.7

7 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018

MCX Fundamentals

BULLION

Gold prices were steady on Monday having dipped to a one month low in the previ-
ous session after the U.S. dollar firmed on the Federal Reserves plans to gradually
keep tightening borrowing costs. The dollar index which measures the green back
against a basket of six major currencies inched up 0.1 percent. The green back built
on last weeks gains and rose towards a 16 month high. Asian shares fell on Monday
extending weakness in global equity markets at the end of last week as soft Chi-
nese economic data and falling oil prices rekindled anxiety about the outlook for
world growth.

BASE METALS

Nickel prices on both the London and Shanghai exchanges fell on Monday to near
11 month lows due to pressure from a strong U.S. dollar and concerns over eco-
nomic growth in China. The dollar built on last weeks gains and rose towards a 16
month high on Monday as traders expect the U.S. Federal Reserve to keep tighten-
ing monetary policy.

ENERGY

Oil prices rose on Monday after top exporter Saudi Arabia announced a cut in
supply for December seen as a measure to halt a market slump that had seen
crude decline by 20 per cent since early October. Saudi Arabia plans to reduce oil
supply to world markets by 0.5 million barrels per day in December.The Energy
Information Administration released its report on US natural gas inventories
showing a build up of 65 billion cubic feet in the week ending November 2, adding
to the 48 billion increase in the previous reading while analysts expected a 56 bil-
lion build.

8 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018

NCDEX Fundamentals

SPICES
With closure of mandis due to Festival week trend remained volatile for Jeer as
it faced strong immediate Resistance at these higher levels. However falling
stocks rising demand and expected fall in sowing from lower rains in Gujarat/
Rajasthan shall continue supporting prices as of now. Trend weakened for Tur-
meric as it failed to hold onto the higher levels with profit booking bringing
some dips to the rising rates. High stocks amidst lack of very strong demand
checked the upside. Technically trend does not look very positive as for now.

OILSEEDS
Slight weak trend persisted for Mentha as profit booking at the higher levels
limited the gains where overall sentiments are likely to recover ahead of the
winter season. Demand started picking up on the domestic and export front
ahead of winter season.Strength in soy bean failed to support domestic soya
oil prices. Negative inputs on palm oil and weakness in global soya oil market
once again kept sentiments down. it has been noted during previous weeks
the buying interest in spot market improves significantly whenever prices
decline for two or more consecutive days.

GUAR COMPLEX
Profit booking at the higher levels brought some dips to the rising rates for
Guar with mandis remaining closed for Festivals even as overall trend remained
firm. Apprehensions of lower production from less rains received in Rajasthan
supported prices. Reports of lower arrivals of new crop amidst prospects of fall
in sowing area are Bullish factors.

OTHERS
Selling intentions amongst stockists are poor and at prevailing lower rates,
mandi sellers are avoiding negotiations for fresh deals. This shall tend to keep
futures prices supported at every moderate fall. Reports of NAFED still having
good amount of stocks to sell keeps sentiments down currently.The data re-
leased in latest USDA report is slightly bearish and this will be capping the
upside in coming sessions. As per the latest USDA report global soy bean pro-
duction for this season is expected around 3694 million bushels versus Sep-
tember reports estimate of 3693.2 million bushels.
9 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018
Calls of the Week (MCX)
ALUMINIUM
Last week Aluminium Nov Futures started the week on negative note and made a low of 142.45 and closed at 142.65
with the overall loss of 1.52 per cent on weekly basis. Technically it consolidating below the major psychological sup-
port level of 150 with the negative RSI and for this week, we can expect further downside movement in it. For this
week, if it breaks the level of 142 on the lower, then it can test the level of 137.60 during the week. One can make sell
position in it by maintaining a SL 143.20.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 142

Target 137.60

SL 143.20

LEAD

From last couple of trading weeks Lead is trading with negative sentiment and forming triangle formation on higher
level. Last week Lead made a low of 138.85 and closed at 142.45 with overall marginal loss of 2.23% on weekly basis.
On its daily chart Lead is forming lower highs formation indicating negative trend in it. For this week, if it breaks the
level of 141 on the lower side then it can test the level of 137.60 during the week. One can make sell position in it by
maintaining a SL at 142.10.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 141

Target 137.60

SL 142.10

10 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018

Calls of the Week (NCDEX)
COCUDAKL
Last week COCUDAKL started a week on positive note and continue the same for the whole week. On its daily chart
COCUDAKL forming Head & Shoulder formation on lower level indicating positive trend in it. Las week COCUDAKL
made a high of 1949 and closed at 1902.50 with overall marginal gain of 3.76% on weekly basis. And recently COCU-
DAKL break the level of 1900 and sustaining above it. For this week, if it breaks the level of 1950 on the upper side then
it can test the level of 2090 during the week. One can make buy position in it by maintaining a SL at 1899.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Buy

Entry Range Above 1950

Target 2090

SL 1899

CASTOR
From last couple of trading weeks Castor is trading with positive sentiment and broken the important psychological
level of 6000 and sustaining above it. Last week Castor made a high of 6070 and closed at the level of 5952 with overall
marginal gain of 3.26% on weekly basis. Technically Castor is trading above its support level of 6000 and forming the
bullish flag patter on higher leveL, we can expecting positive movement in it. For this week if it is break the level of
6090 on upper side then it can test the level of 6199. One can make buy position in it with SL of 6039.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Buy

Entry Range Above 6090

Target 6199

SL 6039

11 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018

Calls of the Week (FOREX)
GBPINR
Last week GBPINR Nov Futures started the week on positive note and made a high of 95.7700 but till the end of the
week, market closed below the level of 95.0000 and it closed at 94.6100 with the overall loss of 0.12 per cent on
weekly basis. Technically it consolidating below the major psychological support level of 95.0000 with the negative RSI
and for this week, we can expect further downside movement in it.For this week, if it breaks the level of 94.0000 on
the lower, then it can test the level of 93.5125 during the week. One can make sell position in it by maintaining a SL
94.3125.
WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 94.0000

Target 93.5125

SL 94.3125

EURINR
From last couple of trading weeks EURINR is trading with negative sentiment and continuously making lower highs and
lower lows formation. Last week EURINR made a low of 84.4525 and closed at the level of 85.5200 with overall mar-
ginal loss of 0.99% on weekly basis. EURINR broken its double top formation and sustaining below it and we believe
that market can continue its negative trend this week also. For this week if it is break the level of 82.4000 on lower side
then it can test the level of 81.9525. One can make sell position in it with SL of 82.7125.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 82.4000

Target 81.9525

SL 82.7125

12 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018

Disclaimer
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personal views about the subject company or companies & their securities and no part of compensation was, is or will be directly or indirectly related to the specific recommendations
or views contained in this research report.
रयऩोटा ववश्रेषकों द्वाया तैमाय की गमी है जो द्वाया हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड द्वाया ननमुवत हैं | इस रयऩोटा भें व्मवत सबी ववचाय कंऩनी के फाये भें व्मक्वतगत ववचायों को
दशााता है औय कंऩननमों औय उनकी प्रनतबूनतमां औय ऺनतऩूनता (भुआवजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सुझावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफंधधत नहीं होगा।

DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (टहतों के संघषा के भाभरे भें प्रकटीकयण ):

(a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(अ) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी भें कोई ववत्तीम रुधच नहीं है औय न ही इस तयह की ववत्तीम टहत की
प्रकृनत है|
(b) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of one percent or more in the securities of the subject company,
(ब) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी की प्रनतबूनतमों भें एक प्रनतशत मा उससे अधधक के वास्तववक / पामदे भंद
स्वालभत्व नहीं हैं |
(c) High Brow Market Research Pvt. Ltd. or its associate has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
(स) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं है |

DISCLOSURE IN TERMS OF COMPENSATION ( ऺनतऩनू ता के संदबा भें प्रकटीकयण):

High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst's area of
coverage. Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd.
हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कंऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है।
ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड के वेतन आधारयत स्थामी कभाचायी है |

DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के भाभरे भें प्रकटीकयण ) :

(a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months;
(अ) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने वऩिरे 12 भहीनों भें ववषम कंऩनी से कोई भुआवजा प्राप्त नहीं ककमा है |
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report.
(ब) अनुसंधान रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कंऩनी अफ मा कबी बी ग्राहक नहीं यही है।
(c ) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company;
(स) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने ववषम कंऩनी के अधधकायी, ननदे शक मा कभाचायी के रूऩ भें कबी बी काभ

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