Currency Updates 31st January 2020 - Get Daily Currency Updates

Daily change & technical levels Scrip Close Change (%) R2 R1 Pivot S1 S2 GOLD 40975 1.55 41434 41205 40838 40609 40242 SILVER 46914 2.99 47766 47340 46540 46114 45314 CRUDE 3723 -2.18 3832 3777 3745 3690 3658 NG 131.30 -2.45 137.40 134.40 132.50 129.50 127.60 ALUMINI 139.60 0.07 141.10 140.30 139.70 138.90 138.30 COPPER 426.50 -0.68 430.70 428.60 427.25 425.15 423.80 LEADMINI 147.25 0.41 148.90 148.10 146.80 146.00 144.80 NICKEL 939.40 0.34 950.50 945.00 938.20 932.70 925.90 ZINCMINI 175.20 -0.96 178.30 176.80 175.95 174.45 173.60 DIAMOND 3591.15 0.36 3605.05 3598.10 3588.25 3581.30 3571.45 STEELLONG 32560 0.62 33330 32940 32220 31830 31110   Comex division Bullions Last close Change (%) Gold $1583.50  0.83 Silver $17.99  2.86   Base metal inventory Scrip Inventory Change Alumni 1274325 +17975 Copper 182550 -1275 Lead 66800 +0 Nickel 194568 +42 Zinc 49900 -275 * Closing rates of 30 Jan & LME stock of 30 Jan BULLION Gold and silver gain due to coronavirus outbreak and weakness in dollar index. Trend volatile. Review On Thursday, gold and silver prices settled on a strong positive note in international markets. Gold February futures settled at $1,583.50 per troy ounce, up by 0.83%, while silver March futures settled at $17.99 per troy ounce, up by 2.86%. Domestic markets also settled on a positive note. Gold settled at Rs40,975 per 10 grams with a gain of 1.55%, and silver settled at Rs46,914 per kilogram with a gain of 2.99%. Gold and silver prices gained on Thursday due to the coronavirus outbreak and a weakness in the dollar index. Prices also got support in domestic markets from the weakness in the rupee and selloff in domestic equities. However, fears of the coronavirus were somewhat alleviated following praise from the WHO for China’s handling of the outbreak. We expect both precious metals to witness profit booking at higher levels and to test their support levels again. Gold has support at $1,574–1,562 and resistance at $1,592–1,600. Silver has support at $17.80–17.55, while resistance is at $18.18–18.40. TECHNICAL OUTLOOKSource: Tele-quote Today, gold has support at Rs40,609–40,242, while resistance is at Rs41,205–41,434. Silver has support at Rs46,114–45,314, while resistance is at Rs47,340–47,766. Traders are suggested to trade in a range with a strict stop-loss. ENERGY Crude oil prices dip due to coronavirus outbreak and fear of slower global oil demand. Trend volatile. Review On Thursday, crude oil settled on a weaker note in the international markets as WTI crude settled at $52.14 per barrel, while Brent settled at $58.18 per barrel. Domestic markets also settled on a weaker note at Rs3,723 per barrel with a loss of 2.18%. Crude oil prices slipped on Thursday due to the coronavirus outbreak and slipped below the crucial support of $52 per barrel. We had already mentioned in our previous report that crude prices could test $52 per barrel. Crude oil prices fell due to the coronavirus outbreak and fear of slower global demand for crude oil. However, fears of the coronavirus were somewhat alleviated after praise from the WHO for China’s handling of the outbreak. Crude oil prices could hold $52 per barrel on a weekly closing basis and will show some short covering in today’s session. Prices could test $53.50-54 barrels again. Crude oil has support at $51.80–51.40 and resistance at $52.70–53.50. TECHNICAL OUTLOOK Source: Tele-quoteCrude oil has support at Rs3,690–3,658, while resistance is at Rs3,777–3,832; traders are suggested to trade in a range with a strict stop-loss. BASE METALS Coronavirus outbreak pushes copper prices to record lows; some short covering is expected. Trend volatile Review On Thursday, base metals settled on a mixed note in international markets. 3M LME copper settled at $5,569.00 per metric ton with a loss of 1.43% from the previous close. Copper prices slipped again on Thursday due to the coronavirus outbreak and fear of slower global demand for base metals. Copper prices tested the lows of $5,565.75 per metric ton at the London Metal Exchange. Other base metals also traded with a negative bias, but prices got support at the MCX due to a weakness in the rupee. After the WHO praised Chinese efforts towards handling the coronavirus outbreak, fears were somewhat alleviated and some short covering is expected in base metals in today’s session. Today, copper has support in the range of Rs425–423, while resistance is at Rs429–431. Nickel should trade in the range of Rs924–955, zinc should trade in the range of Rs173–178, lead should trade in the range of Rs145–150, and aluminium should trade in the range of Rs138–141. TECHNICAL OUTLOOK Source: Tele-quoteCopper has support at Rs425 and Rs423, while resistance is at Rs429 and Rs431; traders are suggested to trade as per levels with a strict stop-loss. AGRI COMMODITIES Agricultural commodities settled in the red due to the coronavirus outbreak. Trend volatile. Review On Thursday, agricultural commodities witnessed a weaker trend, as edible oil, oil seeds and other agricultural commodities settled in the red. Due to fears of coronavirus, export demand for commodities will remain subdued in the coming months. Bursa Malaysia KLC also tumbled due to fear of lower palm export to China and India. However, Soybean February futures settled on a slightly positive note in the domestic markets at Rs4,084 per quintal with a gain of 0.44%. CBOT settled at 876 cents. Other agricultural commodities settled on a weaker note at NCDEX. Chana March futures settled with a loss of 0.99%, and castor seed futures settled with a loss of 1.16%. RM seed closed with a loss of 1.31%. Guar seed settled with a loss of 1.10%, and guar gum settled with a loss of 1.22%. The spices pack settled on a weaker note; coriander, jeera and turmeric settled negative on fears of lower export demand due to the coronavirus outbreak. Cotton seed oilcake February futures closed negative with a loss of 2.45%. Refined soy oil February futures closed negative at Rs853.80. We expect refined soy oil to trade in the range of Rs842–866. TECHNICAL OUTLOOK Source: Tele-quoteSoybean has support at Rs4,040–4,000, while resistance is at Rs4,110–4,155. Refined soy oil has support at Rs848–842, while resistance is at Rs860–866. Traders are suggested to trade as per levels with a strict stop-loss. Disclaimer: This document has been prepared by IndiaNivesh Commodities Private Limited (IndiaNivesh), for use by the recipient as information only and is not for circulation or public distribution. This document is not to be reproduced, copied, redistributed or published or made available to others, in whole or in part without prior permission from us. This document is not to be construed as an offer to sell or the solicitation of an offer to buy any commodity. Recipients of this document should be aware that past performance is not necessarily a guide for future performance and price and value of investments can go up or down. The suitability or otherwise of any investments will depend upon the recipients particular circumstances. The information contained in this document has been obtained from sources that are considered as reliable though its accuracy or completeness has not been verified by IndiaNivesh independently and cannot be guaranteed. Neither IndiaNivesh nor any of its affiliates, its directors or its employees accepts any responsibility or whatever nature for the information, statements and opinion given, made available or expressed herein or for any omission or for any liability arising from the use of this document. Opinions expressed are our current opinions as of the date appearing on this material only. IndiaNivesh directors and its clients may have holdings in the commodity and currencies mentioned in the report.)

Market Recap Market Outlook    Bank Nifty Outlook Exhibit 4: Participants Activity   FII STATS FII  (Activity in no. of Contracts)   in Rs. Cr. Bought Sold Net Chg Conclusion NET OI INDEX FUTURES -1534.23 -76271 -49391 -26,880 Unwinding -75442 INDEX CALLS 3875.15 -81371 -76532 -4,839 Sold PE 43102 INDEX PUTS -145004 -65530 -79,474 81157 NET 2629.86        Neutral                     PROP  (Activity in no. of Contracts)     Bought Sold Net Chg Conclusion NET OI INDEX FUTURES   -9975 -7363 -2,612 Unwinding 1279 INDEX CALLS   -66830 -193903 1,27,073 Unwinding -41049 INDEX PUTS -85312 -119574 34,262 -216154            Neutral   Source: Company, IndiaNivesh Research Note on Participants Activity Derivative Outlook . Exhibit 6: LONG BUILT UP SYMBOL Close Price change % OI OI Change % EQUITAS 114.45 0.18% 23867900 5.91%                                         Source: Company, IndiaNivesh Research    Exhibit 7: SHORT BUILT UP SYMBOL Close Price change % OI OI Change % DABUR 480.95 -2.71% 12818750 2.16% LICHSGFIN 443.3 -3.75% 9334000 1.56% TECHM 796.35 -1.32% 15601200 1.40% IDFCFIRSTB 40.95 -7.25% 219108000 1.35%           Source: Company, IndiaNivesh Research   Exhibit 8: LONG UNWINDING SYMBOL Close Price change % OI OI Change % HEROMOTOCO 2443.9 -0.13% 2115400 -47.90% NIITTECH 1840.8 -4.36% 785250 -37.10% NIFTYIT 16279 -0.89% 5250 -35.19% BANKNIFTY 30768.4 -0.68% 1232000 -32.79% CESC 722.1 -2.74% 1508000 -32.24% Source: Company, IndiaNivesh Research   Exhibit 9: SHORT COVERING SYMBOL Close Price change % OI OI Change % EICHERMOT 20414.55 0.64% 212850 -38.62% POWERGRID 188 0.59% 44740000 -27.41% PIDILITIND 1527.2 1.64% 2365000 -27.32% BALKRISIND 1086.6 0.14% 1240800 -26.39% RECLTD 148.1 0.51% 20958000 -24.56% Source: Company, IndiaNivesh Research Nifty 50 Pivots SYMBOL Close S2 S1 Pivot R1 R2 ADANIPORTS 378.00 372.67 375.33 379.52 382.18 386.37 ASIANPAINT 1805.00 1777.07 1791.03 1799.97 1813.93 1822.87 AXISBANK 730.90 722.43 726.67 731.53 735.77 740.63 BAJAJ-AUTO 3145.50 2979.97 3062.73 3123.87 3206.63 3267.77 BAJFINANCE 4364.30 4257.90 4311.10 4398.05 4451.25 4538.20 BAJAJFINSV 9639.65 9384.35 9512.00 9731.00 9858.65 10077.65 BPCL 469.65 453.75 461.70 473.10 481.05 492.45 BHARTIARTL 489.80 474.80 482.30 487.60 495.10 500.40 INFRATEL 246.15 237.32 241.73 245.62 250.03 253.92 BRITANNIA 3210.70 3170.37 3190.53 3212.62 3232.78 3254.87 CIPLA 451.00 438.13 444.57 452.78 459.22 467.43 COALINDIA 187.95 184.42 186.18 189.27 191.03 194.12 DRREDDY 3154.85 3096.35 3125.60 3147.80 3177.05 3199.25 EICHERMOT 20340.30 19993.43 20166.87 20373.43 20546.87 20753.43 GAIL 123.35 120.62 121.98 124.37 125.73 128.12 GRASIM 791.25 774.08 782.67 795.83 804.42 817.58 HCLTECH 607.85 598.25 603.05 608.45 613.25 618.65 HDFCBANK 1226.05 1205.65 1215.85 1227.40 1237.60 1249.15 HEROMOTOCO 2482.30 2431.43 2456.87 2489.43 2514.87 2547.43 HINDALCO 193.45 189.58 191.52 194.63 196.57 199.68 HINDUNILVR 2058.10 2033.30 2045.70 2061.85 2074.25 2090.40 HDFC 2415.00 2368.40 2391.70 2410.20 2433.50 2452.00 ICICIBANK 532.20 520.30 526.25 530.10 536.05 539.90 ITC 234.05 230.68 232.37 234.68 236.37 238.68 IOC 117.15 114.02 115.58 117.77 119.33 121.52 INDUSINDBK 1231.50 1203.23 1217.37 1235.68 1249.82 1268.13 INFY 780.70 771.10 775.90 782.80 787.60 794.50 JSWSTEEL 256.95 251.25 254.10 258.10 260.95 264.95 KOTAKBANK 1628.25 1605.88 1617.07 1628.68 1639.87 1651.48 LT 1370.20 1342.87 1356.53 1366.67 1380.33 1390.47 M&M 567.85 549.38 558.62 573.08 582.32 596.78 MARUTI 7020.45 6948.82 6984.63 7016.82 7052.63 7084.82 NTPC 113.65 110.75 112.20 113.50 114.95 116.25 NESTLEIND 15520.80 15261.37 15391.08 15600.97 15730.68 15940.57 ONGC 115.60 113.50 114.55 116.05 117.10 118.60 POWERGRID 194.40 189.83 192.12 193.68 195.97 197.53 RELIANCE 1443.75 1414.78 1429.27 1454.48 1468.97 1494.18 SBIN 310.70 299.93 305.32 311.03 316.42 322.13 SUNPHARMA 442.10 431.93 437.02 445.38 450.47 458.83 TCS 2137.85 2102.62 2120.23 2142.62 2160.23 2182.62 TATAMOTORS 186.20 179.37 182.78 187.67 191.08 195.97 TATASTEEL 56.35 53.38 54.87 56.63 58.12 59.88 TECHM 791.35 770.48 780.92 794.43 804.87 818.38 TITAN 1179.25 1167.02 1173.13 1182.32 1188.43 1197.62 UPL 544.15 532.62 538.38 544.87 550.63 557.12 ULTRACEMCO 4486.00 4388.53 4437.27 4512.88 4561.62 4637.23 VEDL 140.95 137.78 139.37 141.38 142.97 144.98 WIPRO 240.70 235.43 238.07 242.83 245.47 250.23 YESBANK 39.05 37.18 38.12 39.48 40.42 41.78 ZEEL 267.85 260.98 264.42 269.48 272.92 277.98 Note: The levels for TATASTEEL are of TATASTEEL Partly Paid up Share. Disclaimer: "Investment in securities market and Mutual Funds are subject to market risks, read all the related documents carefully before investing.")