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NCDEX DAILY LEVELS DALLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
19-SEPT-14 640
633
626
623
619
616
612
605
598
SYBEANIDR
20-OCT-14
3533
3470
3407
3385
3344
3320
3280
3220
3155
RMSEED
19-SEPT-14 3790
3708
3625
3595
3542
3510
3460
3375
3293
JEERAUNJHA
19-SEPT-14 11505
11395 11285
11240
11175 11130 11065 10955 10845
DHANIYA
19-SEPT-14 12296
12156 12016
11948
11876 11808 11736 11596 11456
CASTORSEED
19-SEPT-14 4423
4345
4265
4225
4185
4145
4105
4023
3943
NCDEX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
19-SEPT-14 680
659
638
629
617
608
596
575
554
SYBEANIDR
20-OCT-14
3620
3530
3440
3401
3353
3312
3264
3175
3086
RMSEED
19-SEPT-14 3867
3659
3650
3610
3540
3500
3435
3327
3210
JEERAUNJHA
19-SEPT-14 11858
11618 11378
11286
11138 11046 10898 10658 10418
DHANIYA
19-SEPT-14 12918
12568 12218
12049
11868 11699 11518 11168
10818
CASTORSEED
19-SEPT-14 4495
4398
4235
4175
3853
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4281
Mail: info@ways2capital.com
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4128
4067
3960
Contact: 1800-3010-2007 (Toll Free)
MCX DAILY LEVELS DALLY
EXPIRY
ALUMINIUM
R4
R3
R2
R1
PP
S1
S2
S3
S4
30-SEPT-14 132.65
130.75
128.85
128.15
126.95
126.30
125.05
123.20
121.25
COPPER
28-NOV-14 442
434
426
421
419
414
411
403
395
CRUDE OIL
19-SEPT-14 6003
5914
5825
5795
5736
5706
5647
5558
5469
GOLD
03-OCT-14 29085
28732
28375
28225
28025
27870
27670
27316
26962
LEAD 30-SEPT-14 139.75 . NATURAL GAS 25-SEPT-14 264
138.60
137.50
136.90
136.30
135.70
135.10
133.95
132.90
258
251
248
245
241
238
232
225
NICKEL
1152
1141
1135
1130
1124
1119
1108
1091
R3
R2
R1
PP
S1
S2
S3
S4
30-SEPT-14 1165
MCX WEEKLY LEVELS WEEKLY
EXPIRY
ALUMINIUM
30-SEPT-14 137.35
133.65
130.05
128.75
126.40 125.10
122.75
119.10 115.50
COPPER
28-NOV-14 467
452
436
426
421
411
406
390
374
CRUDE OIL
19-SEPT-14 6035
5934
5833
5799
5732
5697
5631
5530
5429
GOLD
03-OCT-14 29375
28915
28450
28260
27985
27795
27525
27060 26595
LEAD
30-SEPT-14 143
140
138
137
136
135
133
131
129
NATURAL GAS
25-SEPT-14 291
274
258
251
241
234
225
208
192
NICKEL
30-SEPT-14 1192
1172
1154
1141
1132
1121
1112
1092
1072
SILVER
5-SEPT-14
44636
43507
42956
42378
41827
41249
40120 38991
ZINC
30-SEPT-14 148
146
144
143
142
141
140
138
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MCX - WEEKLY NEWS LETTERS ✍ INTERNATIONAL NEWS LME Copper stocks jumped by 0.8 percent on Tuesday. Total inflow in Indian equities and debt markets $29.79 bn till date. U.S. crude stocks declined by 2.1 million barrels last week. German Import Prices dropped by 0.4 percent in the last month. Economic data - Germany Unemployment rate, CPI; Euro-zone- Confidence Numbers (Economic, Industrial, Consumer and Service), US - Jobless claims, Q2 revised GDP, Personal Consumption and Pending Home Sales. SOURCES : Reuters Indian Currency - The US Dollar Index (DX) declined around 0.3 percent yesterday on the back of upbeat market sentiments which led to decline in demand for the low yielding currency. Further, estimates of marginal plunge in economic growth in US exerted downside pressure on the currency. The Indian Rupee traded on a flat note and appreciated marginally in yesterday’s trading session. The currency appreciated on the back of inflow of foreign funds in equities and debt markets. The total inflow in the both the markets accounted to around $29.79 billion till date in the current year. Upbeat domestic market sentiments also acted as a positive factor.
✍ PRECIOUS METALS In the month of August, gold prices have already declined by more than 2% and looks like the trend may remain bearish. Gold holdings at the SPDR gold trust, the world’s largest ETF stay near the 800 MT, almost flat for past many weeks. In the meanwhile, global equities trade higher with gains of more than 1% in a single week is further pulling gold prices lower and likely that the same trend may continue in the next week. Another major factor that is pulling gold lower is the anticipated cues from Jackson Hole economic symposium which is expected to focus on an important economic issue that faces the US and world economies. We believe looking at the recent economic development, especially the economic data coming in better than expected from the US, it might have incessant negative pressure on gold prices. Besides, the euro and gold which generally shaped by the USD performance are likely to move along and any further decline in the euro currency or strong appreciation in the USD would weaken gold prices. Looking at the above scenario, the commodity may remain depressed in the near term wherein we suggest selling from higher levels. Gold once again had a very shallow day of trade with the commodity trading in a small range for most part of the day before closing 0.15% lower to $1283 per ounce mark for active December expiry at Comex.
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In India, moderate disconnect continued as local MCX gold prices for October expiry closed lower by 0.4% to Rs 27780 per 10 /Gms. It is likely that Bullion may open marginally positive today, as they regain some of the additional lost ground yesterday meanwhile Gold Comex too trades marginally higher in early Asian trade.
� BASE METALS LME Copper prices slipped by 0.5 percent on 27 Aug Trading session, after a report showed profit growth at industrial companies in China slowed to 13.5 percent in July from 17.9 percent in June, the fastest rate in seven months. Also, weak German Consumer Climate data coupled with 0.8 percent gain in inventories exerted downside pressure on prices. However, expectations of prompt supportive action from Beijing, with officials stepping in to ensure the economy achieved its 7.5% annual growth target restricted sharp fall. The red metal touched an intra day low of $6994/tonne on Wednesday. On the MCX, red metal prices plunged by 0.7 percent and touched an intra day low of Rs.421.75/kg before closing at Rs.422.9/kg on Wednesday.
� ENERGY Natural gas prices on the NYMEX gained by around 1 percent on bargain buying at lower levels while MCX futures gained by around 1.09 percent and closed at Rs.241.40/Mmbtu. EIA Natural gas inventories due tonight is expected to show a surplus of 78Bcf of gas. Oil prices declined on both sides of the Atlantic as expectations of ample supply weighed on prices. Global oil supply is expected to exceed demand this year, cooling prices. Oil futures on both sides of the Atlantic Basin are on track to post a second monthly decline. Hopes that the presidents of Russia and Ukraine could reach a ceasefire deal dimmed after Ukraine accused Russia of launching a new military incursion across its eastern border on Wednesday. U.S. crude stocks fell 2.1 million barrels last week, more than expected, but Cushing inventories rose 508,000 barrels, data from the Energy Information Administration showed on Wednesday. On the MCX, crude prices declined by around 0.4 percent in line with weakness in international markets and closed at Rs.5675/bbl.
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NCDEX - WEEKLY NEWS LETTERS ✍ CHANA Chana continued to trade weak due to lack of demand .The domestic demand has risen in the mandis but that got adversely affected at the higher levels as traders waited for some dips before initiating fresh demand in the mandis. amid rains in Central and North-West India supporting the Kharif Pulses crop prospects kept overall trend weak. The sowing for Kharif Pulses has picked up over last few weeks and that had been preventing strong uptrend for Chana rates despite improved demand in mandis. Repeated efforts by the Govt to keep tab on hoarders—mainly for essential Food items are also keeping the uptrend limited. As per latest reports of sowing of kharif crops as on 22nd August, kharif sowing area stood at 935.06 lakh hectare. It is reported that pulses has been sown in 92.62 lakh ha vs 99.39 lakh ha same time last year. Higher Pulses production for 2013-14 has been keeping sentiments weak so far. As per 3rd Advanced crop estimates by Govt of India, India is likely to produce record Foodgrains in 2013-14 at 264.38 MT. Record production in Tur(3.38 MT), Chana (9.93MT) and overall Pulses at a record 19.57 MT On International front, Australian Chana production reportedly has fallen by 23%. A fall in Dollar vs Re has kept the import cost of Pulses from Myanmar, Australia and Canada low resulting in further weakening of market sentiments. ✍ RM SEED RM seed mandis could not sustain the highs as buyers were at bay coupled with bearish spillover effect. However, the supplies are limited and slight demand for meal from exporters will pull up the markets in the coming weeks. The arrivals remained in the range of 55,000 – 65,000 bags of 85Kg each. As per Solvent Extractors Association of India (SEA) data bank, the imports of Rape oil are steadily on the rise and have significantly increased by more than 11 times from 7,943 MT to 103,003 MT. Though oil meal exports dipped for the third consecutive month due to rise in soybean prices, but the rapeseed meal has increased 53 per cent to 408,410 tonnes from 267,461 tonnes in last four months. Global production of rapeseed and canola will decline to 68.7 million tons from 69.7 million tons as. The harvest in Canada, the top export-er, is expected to decrease 20 percent from the prior year to 14.4 million tons. EU output will reach a record 23.54 million tons from 21.25 million tons a year earlier amid increasing harvests in Germany, France, Poland and the U.K. Rapeseed prices in EU dropped due to spillover weakness from soybeans.
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✍ SOYABEAN / REFI. SOYA Soy oil prices on Wednesday remained weak on poor buying sentiments in local mandis which picked up enough downward sup-port from the bearish international market. Soybean exports from the U.S. are set to accelerate in the next few months as farmers harvest the biggest crop. U.S. soybean exports will climb to a record 46.3 million metric tons in the 2014-15 marketing season that starts Sept. 1 from 44.65 million tons a year earlier. Global soybean output will total 306.7 million tons. US soybean crop is likely to be disposed of quickly in the first four to six months of the new season as Brazil’s stocks are low. Soybean prices have dropped 21 percent this year as beneficial U.S. growing weather boosted oilseed and grain development. Oil World estimates U.S. soybean production at 103.85 million tons in 2014-15, in line with USDA forecast and 13 percent bigger than a year earlier. Soybean mandis did open on a steady note with some buying interest shown by crushers. However, the prices will remain under pressure as there has been some good sowing progress coupled with bearish US markets which has hit a four years levels due to record crop outlook on good weather forecasts. As per IMD the deficiency rainfall deficiency remained at 18% as on 27th Aug, from south west monsoon. However, increase in rainfall activity can be seen in during the later part of the week. As per Solvent Extractors Association of India the total export of oil meals during April-July 2014 is at 721,577 tons compared to 1,038,819 tons i.e. down by 31%. In July 2014 export of oil meals stood at 115,094 tons com-pared to 182,133 tons in July 2013 i.e. down by 37%. Export of soybean meal greatly reduced in last 3 months due to high cost of soybean in local market lead to total disparity for soybean meal in international market. Global production of oil seeds including soybeans, rapeseed and sunflower will reach a record 507.2 million metric tons, 18.1 million tons more than the previous all-time high last year as per Oil world. The stockpiles are likely to remain around 99.6 million tons at the end of 201415, 18 percent more than a year earlier. The most outstanding increase in oil seed production is set to occur in the U.S.A., where excellent weather conditions are seen resulting in record yields per hectare not only in soybeans but also corn. A record oil seed crop has also been grown in the European Union this year. Soybean production globally may rise to 306.7 million tons, up from 284.6 million tons in the prior season, with the U.S. crop, the world’s biggest, accounting for 103.85 million tons.
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This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisory Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities. All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices. Any investment in commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer.
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