Commodity Premium Daily Journal

Strictly For Client Circulation

Thursday, 28th September 2017

Gold 29642
Silver 39702

+91-98261-69053 contactus@24cfin.com research@24cfin.com

604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA
Market Wrapup
Thursday, 28th September 2017

Commodity Contract Open Price High Low Close Price

Gold 05-Oct-2017 29663 29686 29633 29658

Silver 05-Dec-2017 39734 39778 39700 39732

Crude Oil 18-Oct-2017 3424 3432 3424 3416

Natural Gas 26-Oct-2017 202.3 202.4 202 201.8

Copper 30-Nov-2017 426.3 426.3 425.5 425.95

Zinc 29-Sep-2017 206.75 207.5 206.75 207.05

Lead 29-Sep-2017 161 161.4 161 161.05

Aluminium 29-Sep-2017 138.15 138.45 138.15 138.15

Nickel 29-Sep-2017 674.8 674.8 672.6 670.4

+91-98261-69053 contactus@24cfin.com research@24cfin.com

Sebi Reg. No.:- INH000003358
604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA
Support & Resistance
Thursday, 28th September 2017

Commodity Contract RES-2 RES-1 PIVOT SUP.1 SUP.2

Gold 05-Oct-2017 30039.33 29848.67 29737.33 29546.67 29435.33

Silver 05-Dec-2017 40177.33 39954.66 39802.33 39579.66 39427.33

Crude Oil 18-Oct-2017 3474.67 3445.33 3421.67 3392.33 3368.67

Natural Gas 26-Oct-2017 207.47 204.63 201.07 198.23 194.67

Copper 30-Nov-2017 431.92 428.93 426.57 423.58 421.22

Zinc 29-Sep-2017 210.72 208.88 206.87 205.03 203.02

Lead 29-Sep-2017 163.98 162.52 161.38 159.92 158.78

Aluminium 29-Sep-2017 140.05 139.10 138.40 137.45 136.75

Nickel 29-Sep-2017 703.27 686.83 676.17 659.73 649.07

+91-98261-69053 contactus@24cfin.com research@24cfin.com

Sebi Reg. No.:- INH000003358
604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA
MCX Outlook
Thursday, 28th September 2017

Aluminium market under long liquidation; Support seen at 136.8

Technically market is under long liquidation as market has witnessed drop in open interest by 6.48% to settled at 2049 while prices down
1.25 rupees.
Now Aluminium is getting support at 136.8 and below same could see a test of 135.9 level, And resistance is now likely to be seen at
139.2, a move above could see prices testing 140.7.

Aluminium on MCX settled down -0.9% at 137.55 subdued by a stronger dollar and ongoing concerns over flagging economic growth in
China. China imported 7,706 tonnes of primary aluminum in August, down 20.7 per cent on a yearly basis, according to China Customs.

Zinc market under long liquidation; Resistance seen at 208.5

Technically Zinc market is under long liquidation as market has witnessed drop in open interest by 13.66% to settled at 7021 while prices
down 0.1 rupees.

Now MCX Zinc is getting support at 203.8 and below same could see a test of 201.7 levels and resistance is now likely to be seen at
208.5, a move above could see prices testing 211.1.

Zinc on MCX settled down -0.05% at 205.85 on profit booking as China's economic growth likely slipped in the third quarter. Another
20,350 tonnes of zinc warrants were cancelled; meaning metal had been earmarked for delivery and was no longer available to the
wider market.
The premium of cash zinc to the three-month contract rose to its highest since early 2007 at $69, reflecting tight supplies of immediately
available metal. The Asian Development Bank raised its outlook for Chinas economic growth this year on the back of strong domestic
consumption, an export recovery and solid growth in services.

+91-98261-69053 contactus@24cfin.com research@24cfin.com

Sebi Reg. No.:- INH000003358
604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA
Market News
Thursday, 28th September 2017

Special News
Gold Prices Dip In Asia On Stronger Dollar, India Demand Eyed
Gold prices fell in Asia as the dollar showed gains, making the commodity priced in greenbacks more
expensive for key buyers in countries such as China and India.

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange
dipped 0.27% to $1,248.30 a troy ounce. Demand from Indai ahead of the festival season is eyed for
physical support.

Overnight, gGold prices fell sharply on Wednesday amid a rally in the dollar on the back of rising expectations of a year-end rate hike and
tax reform.
Expectations grew that tax reform will be implemented sooner rather than later supporting a move higher in dollar, pressuring gold prices as
Republicans in the U.S. Congress and the White House unveiled plans to change Americas tax code in a proposal that slashes taxes on
businesses the wealthy.

Crude Oil Prices Drop In Asia With Markets Still Supported On Demand Views
Crude oil prices fell in Asia with the markets still supported by supply and demand fundamentals and
with the U.S. market eyed for fresh demand cues if the Trump administration manages to pass a
massive tax cut.

On the New York Mercantile Exchange crude futures for November delivery fell 0.36% to $51.95 a
barrel , while on London's Intercontinental Exchange, Brent lost 0.42% to $57.33 a a barrel.

Overnight, crude oil prices settled higher on Wednesday, as traders cheered data showing an unexpected draw in U.S. crude supplies
pointing to a recovery in refinery activity and exports following disruptions due to Hurricane Harvey in August.

+91-98261-69053 contactus@24cfin.com research@24cfin.com

Sebi Reg. No.:- INH000003358
604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA
Market News
Thursday, 28th September 2017

Commodity Buzz
Canadian Gold explorer expected to garner interest as 'M&A target'
Victoria Gold Corp. (VIT:TSX.V) announced multiple results from its 100%-owned Dublin Gulch gold property in the Yukon with back to
back news releases on Sept. 18 and Sept. 19.

In the Sept. 19 press release, Victoria Gold announced the first assays received from the "2017 Bluto target surface trench exploration
program. TR17-16 was the first major trench constructed at the Bluto target this season and was concentrated on a trail built with heavy
equipment to access a water source that would be utilized in the planned 2017 Bluto diamond drilling exploration program."

"The fact that a high-grade gold vein was discovered early in this campaign demonstrates that our Potato Hills Trend mineralization model
is working and we look forward to the first ever drill results from this highly prospective area," noted John McConnell, president and CEO
of Victoria Gold.

Following the press release, Chris Thompson, an analyst with Raymond James, reported on Sept. 19 that "VIT's continued exploration
success demonstrates potential upside for Eagle, providing possible satellite deposits which could extend the planned mine life beyond the
current 10 years.

" He pointed out that "recent drilling and trenching along the Potato Hills trend have identified several new targets including Spinach
(~500 m north of Olive-Shamrock), Popeye (~1 km west of Olive-Shamrock), and Bluto (6 km east of Eagle)."

He explained that he is maintaining a Buy rating and that the $1.00 target price "is derived by applying a 1.0x multiple to our fully funded
NAV. We feel our target is justified given Eagle's safe jurisdiction and fully permitted status."

+91-98261-69053 contactus@24cfin.com research@24cfin.com

Sebi Reg. No.:- INH000003358
604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA
Analyst Speaks
Thursday, 28th September 2017

Gold MCX

Gold Comex is trading in A channel Pa er, Immediate support is RESISTANCE 2 30039.33

@ 1274$ If Sustains below 1274$ Gold will nd its next support at
1235$, On the Upside immediate Resistance lies at 1312$, If Sustains RESISTANCE 1 29848.67
above 1312$ Gold comex will nd its next Resistance at 1345$

COMEX CALL: SELL GOLD COMEX AT AROUND 1285$ WITH PIVOT 29737.33

STOPLOSS 1292$ FOR TARGET 1275$

SUPPORT 1 29546.67

MCX CALL: SELL GOLD MCX AT AROUND 29750- 29780

WITH STOPLOSS 29925 FOR TARGET 29600-29570 SUPPORT 2 29435.33

+91-98261-69053 contactus@24cfin.com research@24cfin.com

Sebi Reg. No.:- INH000003358
604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA
Analyst Speaks
Thursday, 28th September 2017

CRUDE OIL MCX

Copper technically looks weak on Charts, immediate trend is Down RESISTANCE 2 3474.67
and We may See selling pressure around Resistance levels at 2.95$
Copper has immediate support at 2.80$ Also Momentum indicator: RESISTANCE 1 3445.33
MACDH (12,26,9) and AO on 4-HR me frame is trading in nega ve
territory
PIVOT 3421.67
COMEX CALL: SELL COPPER COMEX AT AROUND 2.90$
WITH STOPLOSS 2.98& TARGET 2.80$
SUPPORT 1 3392.33

MCX CALL: SELL COPPER NOV AT AROUND 428- 428.50

WITH STOPLOSS 432 TARGET 417 SUPPORT 2 3368.67

+91-98261-69053 contactus@24cfin.com research@24cfin.com

Sebi Reg. No.:- INH000003358
604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA
Todays Economic Events
Thursday, 28th September 2017

COUNTRY TIME EVENT ACTUAL FORECAST PREVIOUS

6:00pm Final GDP q/q 3.0% 3.0%

USD Unemployment Claims 269K 259K

7:45pm FOMC Member Fischer Speaks

+91-98261-69053 contactus@24cfin.com research@24cfin.com

Sebi Reg. No.:- INH000003358
604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA
 Disclaimer
24 CARAT FINANCIAL SERVICES
The information and views in this report, our website & all the service we provide are believed to be relia-ble, 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 re-port does not provide
individually tailor-made investment advice.24 Carat Financial services recommends that investors independently evaluate particular investments and strategies, and
encourages investors to seek the advice of a financial adviser. 24 Carat Financial Services shall not be responsible for any transac-tion 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 infor-mation herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to 24 Carat
financial Services might be holding positions in the stocks recommended. It is under-stood 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 24 Carat Financial Services 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.
Team :

Name Designation Email

Mr. Prateek Gupta (Technical Research Analyst-head) research@24cn.com

Mr. Lakhan Patidar (Sr. Derivative & Technical Analyst) research@24cn.com

Mr. Dharmendra Saloniya (Commodity Research Analyst) 24cn.calls@gmail.com

Mr. Shubham Chinwar (Sr. Graphic Designer) 24cn.calls@gmail.com

Checked By :-

+91-98261-69053 contactus@24cfin.com research@24cfin.com

Sebi Reg. No.:- INH000003358
604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA