Intime Multi Commodity Company Limited Ph: /678 website: Page 1 of 5

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1 Ph: /678 website: Page 1 of 5 Bullion Overview Gold prices held steady in early Asian trade on Monday, underpinned by uncertainty following Britain's Brexit vote even as equity markets rallied on the back of upbeat U.S. jobs data. U.S. job growth surged in June as manufacturing employment increased, more evidence the economy has regained speed after a first-quarter lull, but tepid wage growth could see the Federal Reserve remain cautious about hiking interest rates. U.S. employers have been adding enough jobs over the last six months to put the economy on track, but that prospect alone is unlikely to get the Fed to step on the brakes with interestrate hikes. Wall Street's top banks were almost evenly split over whether the Fed would raise U.S. interest rates in Soft Chinese inflation and G20 concerns that a global recovery remains grim are hardening views among some economists that more government stimulus will be needed to support China, the world's second-biggest economy. Hedge funds and money managers again raised their net long positions in COMEX gold and silver contracts to record highs in the week to July 5, as safe-haven assets gained appeal after the vote by Britain to leave the EU, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. MCX Gold Aug Daily Chart Short term trend is looking positive; any dip may not sustain below strong support of , 31620, , 32450, Buy at Target sl below MCX Silver July Daily Chart Short term trend is looking positive; any dip may not sustain below strong support of , 46750, , 49000, Buy abv Target SL below 47500

2 Ph: /678 website: Page 2 of 5 Metals Overview London nickel took another shot at the $10,000 mark on Monday as prices gained steam on supply concerns after the Philippines toughened its stance on mining, threatening supply to China. LME nickel rose 1.1 percent to $9,985 a tonne, within sight of the $10,410 a tonne it touched on July 4, the highest since last October. Prices have jumped 32 percent from 13-year lows hit in mid-february. The Philippines has ordered the suspension of operations at two nickel ore mines for environmental violations and halted the issuance of exploration permits as a nationwide crackdown led by a new mining minister begins. MCX Copper Aug Daily Chart Short term trend may turn positive any dip may not sustain below strong support of , 313, , , Buy at 319 Target SL below 316 MCX Nickel July - 4-hourly Chart Short term trend may turn positive any dip may not sustain below strong support of , 637, , 692, 704 Buy at 665 Target 692 SL below 651

3 Ph: /678 website: Page 3 of 5 Energy Overview Crude prices edged down in early Asian trade on Monday to hold near two-month lows on seasonally weak consumption, despite comments from the Saudi Arabian oil minister that the oil market was becoming more balanced. London Brent crude for September delivery LCOc1 was down 22 cents at $46.54 a barrel by 2247 GMT on Sunday. It settled up 36 cents on Friday after the U.S. economy posted the largest job gains in eight months in June and on worries about fresh militant attacks on Nigerian oil infrastructure. crude for August delivery CLc1 was down 27 cents at $45.14 a barrel, after closing up 27 cents on Friday. Saudi Arabia's energy minister Khalid al-falih said on Sunday the oil market was becoming more balanced and prices were stabilising, echoing earlier comments made on Monday. concerns, however, resurfaced on Friday with data showing the U.S. oil rig count rose by 10 as drillers added rigs for a fifth week in six as analysts predict production will start to edge up early next year. MCX Crude oil July Daily Chart Short term trend is looking negative any rise can be used as selling opportunities. Market may not sustain above strong resistance of , 2970, , 3185, Sell at 3100 Target 2970 SL above 3145 MCX Natural Gas July Daily Chart Short term trend is looking positive any dip can be used as buying opportunities. Market may not sustain below strong support of , 181, , , 200 Buy at 184 Target 195 SL below 178

4 Ph: /678 website: Page 4 of 5 Pivot Table Commodity S3 S2 S1 PV R1 R2 R3 GOLD 05AUG GOLD 05OCT SILVER 05SEP SILVER 05DEC COPPER 31AUG COPPER 30NOV NICKEL 29JUL NICKEL 31AUG LEAD 29JUL LEAD 31AUG ZINC 29JUL ZINC 31AUG ALUMINIUM 29JUL ALUMINIUM 31AUG CRUDEOIL 19JUL CRUDEOIL 19AUG NATURALGAS 26JUL NATURALGAS 26AUG CHARJDDEL 20JUL CHARJDDEL 19AUG DHANIYA 20JUL DHANIYA 19AUG JEERAUNJHA 20JUL JEERAUNJHA 19AUG RMSEED 20JUL RMSEED 19AUG SUGARM 20JUL SUGARM 20OCT SYBEANIDR 20JUL SYBEANIDR 20OCT TMCFGRNZM 20JUL TMCFGRNZM 19AUG COTTON 29JUL COTTON 31OCT CARDAMOM 12AUG CARDAMOM 15SEP MENTHAOIL 29JUL MENTHAOIL 31AUG

5 Ph: /678 website: Page 5 of 5 Economic Calendar Economic Calendar Date Time Data Previous Mon Jul 11 7:30pm FOMC Member George Speaks Labor Market Conditions Index m/m -4.8 Tue Jul 12 3:30pm NFIB Small Business Index :05pm FOMC Member Bullard Speaks 7:30pm JOLTS Job Openings 5.79M Wholesale Inventories m/m 0.60% 10:31pm 10-y Bond Auction Wed Jul 13 6:00pm Import Prices m/m 1.40% 8:00pm Crude Oil Inventories -2.2M 10:31pm 30-y Bond Auction :30pm Beige Book Federal Budget Balance -52.5B Thu Jul 14 6:00pm PPI m/m 0.40% Unemployment Claims 254K Core PPI m/m 0.30% 8:00pm Natural Gas Storage 39B Fri Jul 15 6:00pm CPI m/m 0.20% Core CPI m/m 0.20% Core Retail Sales m/m 0.40% Retail Sales m/m 0.50% Empire State Manufacturing Index 6 6:45pm Capacity Utilization Rate 74.90% Industrial Production m/m -0.40% 7:30pm Prelim UoM Consumer Sentiment 93.5 Business Inventories m/m 0.10% Prelim UoM Inflation Expectations 2.60% Disclaimer This document has been prepared by Fortune Group, which includes Fortune Financial Services (India) Ltd, Intime Equities Limited [formerly known as Fortune Equity Brokers (India) Ltd],, Fortune Financial India Insurance Brokers Ltd. & Fortune Credit Capital Ltd. This document is not for public distribution and has been furnished to you solely for your information and any review, re-transmission, circulation or any other use is strictly prohibited. Persons into whose possession this document may come are required to observe these restrictions. This document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential information and/or privileged material. We are not soliciting any action based upon this material. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Fortune Group. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. Fortune Group will not treat recipients as customers by virtue of their receiving this report. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable. It should be noted that the information contained herein is from publicly available data or other sources believed to be reliable. Neither Fortune Group, nor any person connected with it, accepts any liability arising from the use of this document. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Fortune Group and its affiliates, officers, directors, and employees may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or act as advisor or lender / borrower to such company(ies) or have other potential conflict of interest with respect to any recommendation and related information and opinions. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. The data above has been sourced from external sources. Naman Midtown, A wing, 20 th Floor, Elphinstone, Mumbai URL: Direct: /78