COMMODITY RESEARCH

PIVOT DAILY 3-Oct-22

Supports Resistances Ravindra Rao; ravindra.rao@kotak.com; +91-6621-6234

r ravindra.rao@kotak.com, 022-66216234
Breakout Breakout Breakdown Breakdown
Commodity S3 S2 S1 Pivot R1 R2 R3
Above Target Below Target
MCX BULLDEX Oct 13655 13738 13792 13875 13929 14012 14066 13945 14008 13795 13733
Indices

MCX METLDEX Oct 16330 16330 16330 16330 16330 16330 16330 16330 16330 16330 16330
MCX ENRGDEX Oct 8734 8734 8734 8734 8734 8734 8734 8734 8734 8734 8734
Spot Gold 1636.5 1647.9 1652.6 1664.0 1668.6 1680.0 1684.7 1669.5 1676.7 1651.8 1644.6
MCX Gold Oct 48902 49418 49656 50172 50410 50926 51164 50509 50850 49679 49338
Precious Metals

MCX Gold Dec 49618 49884 50032 50298 50446 50712 50860 50422 50608 49966 49780
MCX Gold Mini Oct 49540 49725 49830 50015 50120 50305 50410 50189 50320 49870 49738
MCX Gold Mini Nov 49557 49788 49907 50138 50257 50488 50607 50273 50430 49888 49730
Spot Silver 18.15 18.45 18.65 19.00 19.20 19.50 19.70 19.30 19.55 18.75 18.50
MCX Silver Dec 55098 55695 56152 56749 57206 57803 58260 57438 57923 56278 55793
MCX Silver Mar 56263 56828 57240 57805 58217 58782 59194 58493 58943 57419 56969
MCX Silver Mini Nov 55550 56128 56538 57116 57526 58104 58514 57817 58272 56731 56276
MCX Silver Mini Feb 56645 57215 57599 58169 58553 59123 59507 58876 59314 57826 57388
LME Copper 7321 7402 7483 7563 7644 7725 7806 7649 7723 7471 7397
MCX Copper Oct 627.6 635.7 640.0 648.1 652.4 660.5 664.8 651.8 657.4 638.2 632.6
MCX Copper Nov 634.4 641.4 645.2 652.2 656.0 663.0 666.8 655.7 660.6 643.8 638.9
LME Zinc 2767 2836 2895 2964 3022 3091 3150 3038 3098 2898 2838
MCX Zinc Oct 255.2 260.7 265.7 271.1 276.1 281.5 286.5 277.0 281.9 265.6 260.7
Industrial Metals

MCX Zinc Nov 256.2 261.2 266.0 271.0 275.9 280.9 285.8 276.5 281.2 265.7 261.1
LME Lead 1808 1835 1864 1891 1921 1948 1977 1939 1966 1877 1850
MCX Lead Oct 171.7 173.7 175.1 177.1 178.5 180.5 181.9 179.8 181.4 176.1 174.5
MCX Lead Nov 169.1 171.0 172.7 174.6 176.3 178.2 179.9 177.8 179.4 173.8 172.1
LME Nickel 19136 20091 21076 22031 23016 23971 24956 22174 23053 20040 19161
MCX Nickel Sep 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0
MCX Nickel Oct 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0 1910.0
LME Aluminium 2035 2086 2141 2192 2248 2299 2354 2221 2270 2103 2054
MCX Aluminium Oct 181.3 185.8 189.3 193.7 197.2 201.7 205.2 195.5 199.1 186.8 183.1
MCX Aluminium Nov 184.3 188.2 191.3 195.2 198.3 202.2 205.3 196.6 199.8 188.9 185.7
NYMEX Crude Oil 75.50 77.30 78.90 80.75 82.35 84.15 85.75 81.35 82.95 77.60 76.05
MCX Crude Oil Oct 6182 6330 6459 6607 6736 6884 7013 6691 6819 6387 6259
Energy

MCX Crude Oil Nov 6183 6324 6448 6589 6713 6854 6978 6676 6798 6384 6262
NYMEX Natural Gas 6.30 6.50 6.65 6.85 7.00 7.20 7.35 6.95 7.10 6.60 6.40
MCX Natural Gas Oct 521.20 534.90 548.40 562.10 575.60 589.30 602.80 575.90 588.70 545.90 533.10
MCX Natural Gas Nov 544.80 558.50 571.10 584.80 597.40 611.10 623.70 599.40 611.80 570.40 558.00
Source:Bloomberg, KS Commodity Research Please See Disclosure/Disclaimer at end of the report 1
 Supports Resistances
Breakout Breakout Breakdown Breakdown
Oilseeds Complex

Commodity S3 S2 S1 Pivot R1 R2 R3
Above Target Below Target
CBOT Soybean 1293.9 1328.6 1356.4 1391.1 1418.9 1453.6 1481.4 1399.2 1427.3 1330.4 1302.2
CBOT Soy oil 58.05 59.65 61.15 62.8 64.25 65.9 67.4 63.3 64.7 59.85 58.45
BMD CPO 3rd Month 3177 3242 3319 3384 3461 3526 3603 3494 3563 3338 3269
NCDEX Castor Seed Oct 7330 7360 7382 7412 7434 7464 7486 7429 7452 7371 7348
NCDEX Castor Seed Nov 7312 7338 7368 7394 7424 7450 7480 7413 7438 7351 7326
ICE Cotton Dec 81.9 82.75 84.25 85.1 86.6 87.45 88.95 86.65 87.75 84.05 82.95
MCX Cotton Oct 29535 30063 30395 30923 31255 31783 32115 31523 31923 30577 30177
Cotton

MCX Cotton Nov 28335 28868 29095 29628 29855 30388 30615 29838 30181 29002 28660
NCDEX CS Oilcake Dec 2138 2189 2235 2286 2332 2383 2429 2378 2426 2272 2224
NCDEX CS Oilcake Jan 2173 2218 2261 2306 2349 2394 2437 2392 2435 2296 2253
NCDEX Guar Seed 10 Oct 4824 4858 4882 4916 4940 4974 4998 4944 4970 4880 4854
Guar

NCDEX Guar Seed 10 Nov 4888 4917 4942 4971 4996 5025 5050 4995 5019 4935 4911
NCDEX Guar Gum 5 Oct 9174 9268 9361 9455 9548 9642 9735 9541 9627 9335 9250
NCDEX Guar Gum 5 Nov 9333 9416 9489 9572 9645 9728 9801 9639 9710 9467 9396
NCDEX Jeera Oct 24188 24319 24408 24539 24628 24759 24848 24706 24806 24464 24364
NCDEX Jeera Nov 24850 24935 25070 25155 25290 25375 25510 25266 25366 25024 24924
Spices

NCDEX Dhaniya Oct 10512 10675 10806 10969 11100 11263 11394 11138 11274 10814 10678
NCDEX Dhaniya Nov 10648 10804 10938 11094 11228 11384 11518 11254 11388 10935 10800
NCDEX Turmeric Oct 6671 6721 6767 6817 6863 6913 6959 6899 6943 6793 6749
NCDEX Turmeric Nov 6867 6906 6953 6992 7039 7078 7125 7039 7079 6945 6905
MCX Mentha Oil Sep 975 975 975 975 975 975 975 975 975 975 975
MCX Mentha Oil Oct 975.9 980.5 986.4 991 996.9 1001.5 1007.4 997.9 1002.7 986.3 981.5
Source:Bloomberg,KS Commodity Research Please See Disclosure/Disclaimer at end of the report 2
Pivot: If the Price opens above the pivot, the day trend might be positive and if the price opens below pivot the day trend might be negative.
Supports/Resistances: During the normal course of trading, supports/resistances are important levels which may be used by traders to book profits if they have
any buy/sell position.
Breakout/Breakdown: Breakout and Breakdown levels are the extreme levels above which the direction might change. The direction changes to bullish above the
mentioned breakout and bearish if the price moves below the breakdown.
Breakout/ Breakdown Target: It is the price which might be achieved if it trades above or below the breakout or breakdown respectively.
*Note: Pivot, Support/Resistances, Breakout, Breakdown are generated as per statistical formulas. So, these levels might differ from the levels given by the
technical analyst as the analyst use technical charts for giving trading levels.

RATING SCALE

BUY – A condition that indicates a good time to buy the commodity. The exact circumstances of the signal will be determined by the indicator that an analyst is
using.
SELL – A condition that indicates a good time to sell the commodity. The exact circumstances of the signal will be determined by the indicator that an analyst is
using.
Stop Loss – An instruction to exit the trade if the commodity trades beyond a specified price. They serve to either protect your profits or limit your losses.

FUNDAMENTAL RESEARCH TEAM

Ravindra Rao Madhavi Mehta Kaynat Chainwala Riteshkumar Sahu
Head of Research Bullion,Energy Base Metal Agri Complex
ravindra.rao@kotak.com madhavi.mehta@kotak.com kaynat.chainwala@kotak.com riteshkumar.sahu@kotak.com
+91 22 66216234 +91 22 66216230 +91 22 66216232 +91 22 66216233

TECHNICAL RESEARCH TEAM

Anup Sahu Abhijit Chavan
anup.sahu@kotak.com chavan.abhijit@kotak.com
+91 22 66216216 +91 22 66216217
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