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✍ NCDEX DAILY LEVELS DALLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20-NOV-14
615
612
609
606
603
599
596
592
588
SYBEANIDR
20-NOV-14
3385
3362
3340
3320
3305
3280
3265
3235
3200
RMSEED
20-NOV-14
3805
3780
3760
3740
3715
3695
3675
3650
3630
JEERAUNJHA
20-NOV-14
11890
11735 11580
11485
11425 11330 11270 11115
DHANIYA
20-NOV-14
12650
12452 12255
12180
12054 11985 11858 11660 11465
CASTORSEED
20-NOV-14
4945
4915
4890
4872
4815
4790
4765
4740
4710
10960
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20-NOV-14
632
626
614
607
602
595
591
579
568
SYBEANIDR
20-NOV-14
3598
3522
3411
3342
3297
3228
3183
3068
2980
RMSEED
20-NOV-14
3854
3817
3782
3762
3747
3727
3712
3677
3638
JEERAUNJHA
20-NOV-14
12035
11835 11635
11524
11425 11325 11222 11035 10880
DHANIYA
20-NOV-14
12755
12503 12377
12172
12046 11841 11715 11510 11305
CASTORSEED
20-NOV-14
4970
4925
4848
4802
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4879
Mail: info@ways2capital.com
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4771
4725
4694
4818
Contact: 1800-3010-2007 (Toll Free)
✍ MCX DAILY LEVELS DALLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
28-NOV-14 134
132
129
127
125
123
121
118
115
COPPER
28-NOV-14 426
423
421
419
416
412
409
406
402
CRUDE OIL
19-NOV-14 5030
5015
5000
4980
4960
4945
4920
4905
4890
GOLD
5-DEC-14
27620
26911
26532
26201
25813
25490
24780
24070
LEAD 28-NOV-14 131 . NATURAL GAS 24-NOV-14 261
129
127
125
123
121
119
117
115
259
256
253
250
245
242
239
236
NICKEL
28-NOV-14 1035
1010
990
976
960
945
930
915
890
SILVER
5-DEC-14
38400
37090
36445
35780
35135
34470
33160
31850
ZINC
28-NOV-14 150
148
146
144
141
139
137
135
133
28330
39700
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
28-NOV-14 137
135
133
131
129
126
124
122
119
COPPER
28-NOV-14 431
427
423
419
416
412
408
404
400
CRUDE OIL
19-NOV-14 5075
5050
5025
4995
4970
4930
4895
4865
4830
GOLD
5-DEC-14
29215
27818
26975
26420
25580
25040
23640 22258
LEAD
28-NOV-14 136
133
130
127
125
123
120
117
114
NATURAL GAS
24-NOV-14 265
261
257
253
250
244
241
237
234
NICKEL
28-NOV-14 1100
1070
1040
1010
980
950
920
890
860
SILVER
5-DEC-14
43150
39800
37850
36460
34450
33118
29770 26425
ZINC
28-NOV-14 154
151
149
146
143
140
137
134
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30600
46500
|
Mail: info@ways2capital.com
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131
Contact: 1800-3010-2007 (Toll Free)
� MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS US Gross domestic product grew at a 3.5 percent annual rate, the Commerce Department said on Thursday, beating economists' expectations for a 3.0 percent pace. The State Council, China's cabinet, said on Wednesday it would promote consumption in sectors including e-commerce, new energy, housing, tourism, education and sport. China Railway Corporation said all 64 railway projects planned for this year had been approved and would start by the end of the year. The Fed pointed to strengthening labor markets, saying that slack in labor markets was "gradually diminishing." Two of China's biggest banks reported sharply higher bad loans for the third quarter, with one adding that a credit crunch squeezing small companies in the country's export-oriented eastern provinces may be spreading westward. The U.S. Energy Information Administration said utilities added 87 billion cubic feet of gas to storage last week, a little more than the 85-bcf build analysts forecast in a Reuters poll.
Precious Metals Silver was down 3.7 percent at $16.41 an ounce on Thursday, having earlier hit its lowest level since March 2010 at $16.30 an ounce. A smaller trade deficit and a surge in defense spending buoyed U.S. economic growth in the third quarter, but other details of Thursday's report hinted at some loss of momentum in activity. Gross domestic product grew at a 3.5 percent annual rate, the Commerce Department said on Thursday, beating economists' expectations for a 3.0 percent pace. While the pace of growth in business investment, housing and consumer spending slowed from the second quarter, all those categories contributed to growth. Gold fell 1 percent to $1,200 an ounce and silver plunged to its lowest level in more than fourand-a-half years on Thursday, hit by strong third-quarter U.S. economic growth and worries the Federal Reserve might raise interest rates sooner than expected. A smaller trade deficit and a surge in defense spending buoyed U.S. growth in the third quarter, but domestic demand slipped, hinting at some loss of momentum, Commerce Department data showed. FollowWeb: www.ways2capital.com
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through selling continued in the gold market a day after the U.S. central bank gave upbeat comments about U.S. economic growth and ended its year-long, bond-buying stimulus program. Analysts said expectations the Fed could hike interest rates sooner than forecast, further strengthening the dollar, could increase the pressure on gold prices.
Base metal Copper fell more than 1 percent on Thursday as the dollar rallied on strong U.S. growth data and the Federal Reserve's relatively hawkish tone on monetary policy. A smaller trade deficit and a surge in defence spending buoyed U.S. economic growth in the third quarter to a better-than-expected 3.5 percent annual rate. That data plus a show of confidence from the Fed in the U.S. economy's prospects sent the dollar to a 3-1/2-week high. A strong dollar makes dollar-priced metals more costly for European and other non-U.S. investors. Also weighing on copper, two of China's biggest banks reported sharply higher bad loans for the third quarter, with one adding that a credit crunch squeezing small companies in the country's export-oriented eastern provinces may be spreading westward. Limiting losses in the metal, Chinese shares touched a 20-month high after the government said it would promote consumption in six sectors of the economy, including housing. China consumes about 45 percent of the world's copper. In positive news for zinc, which is used in galvanising steel, China Railway Corp said all 64 railway projects planned for 2014 had been approved and would start by the end of the year
Energy Oil prices closed down 1 percent on Thursday, resuming their downtrend after a two-day climb, as the dollar rallied on bets of a sooner-than-expected U.S. rate hike and traders placed little hope on OPEC cutting output at its November meeting. Both benchmark Brent and U.S. crude gained about 1 percent a day earlier as U.S. crude stockpiles rose less than expected last week, ending two weeks of builds that pressured the market. But sentiment in oil weakened again in the latest session as the dollar hit a three-week high after the Federal Reserve ended its long-running bond-buying stimulus on Wednesday. A stronger dollar makes commodities priced in the currency, including oil, costlier for buyers using other denomination. A 3.5 percent annual rise in third-quarter U.S. gross domestic product reported on Thursday Web: www.ways2capital.com
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also reinforced investor confidence over the economy, lending to a more hawkish interest rate outlook. U.S. natural gas futures ended 1 percent higher on Thursday on forecasts for colder-thannormal temperatures and strong heating demand over the next two weeks despite a slightly bigger-than-expected storage build. The U.S. Energy Information Administration said utilities added 87 billion cubic feet of gas to storage last week, a little more than the 85-bcf build analysts forecast in a Reuters poll. For the next five days, MDA Weather Services forecast that a strong autumn cold snap would blanket the eastern half of the United States LME Inventory 17-10-2014 Last updated at OCT 31 02:30 pm IST
Metal
Change from previous day
Aluminium
-5900
Copper
-25
Lead
unch
Nickel
1680
Tin
-25
Zinc
-2125
� NCDEX - WEEKLY NEWS LETTERS Jeera Jeera November traded on a positive note on Thursday on overseas demand and firm exports data and settled 0.4% higher. However, huge carryover stocks capped sharp gains. Area under jeera in Gujarat was reported at 455,000 ha as against 335,200 ha last year while about 390,000 ha were sown in Rajasthan. Geo-political tensions in Syria and Turkey have led to a supply crunch in the global markets raising supply concerns from the two major exporting countries. Web: www.ways2capital.com
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Export orders are diverted to India. Production is also expected to fall in Syria and Turkey due to crop failure. Exports of Jeera between Apr-July 2014 stood at 58,000 tn, up 40% as against 43,898 tn between Apr-July 2013. (Source: Spices Board) .According to IBIS India’s Jeera exports have crossed 1,00,000 tonnes till Feb’14. Production of Jeera in 2013-14 is expected around 45-50 lakh bags (55 kgs each), higher than 40-45 lakh bags last year.
SOYABEAN / REFI. SOYA Indian oilseed complex prices closed mixed yesterday with Soy oil moving lower as traders booked profits after the recent sharp rally. Rupee closed lower. • Traders estimate this year’s crop between 9 – 10 million MT. USDA estimates Indian Soybean crop at 11.0 million MT. • According to 1st Advance estimates for 2014-15 released by GoI, India’s output for Soybean is estimated at 11.82 million MT. • Soy meal exports from India fell to 868 MT in September from 2,778 MT in August. India's oil meal exports in September 2014 were 82K MT vs. 136K MT in previous month. CBOT Soy complex prices ended mixed yesterday with bean and meal falling after the recent surge in prices. • USDA said on Thursday morning that weekly old-crop export sales of soybeans were 1.326 million MT, in line with market forecasts. Soy meal export sales came in at 147,800 MT, slightly below trade forecasts for 150,000 to 300,000 MT. • As of 26 October, US Soybeans were 70% harvested vs. 53% a year ago. • According to CFTC CoT report, for the week ending 21 October, non commercial traders reduced their net short positions in CBOT Soybeans. • ICE Canola prices closed higher yesterday
CHANA Chana futures surged higher on Thursday. Total Volumes and OI increased on Thursday compared to previous trading day.Arrivals increased in the spot markets and capped
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upside.Prices were influenced on speculation that prices in the spot markets moved higher on strong demand against tight supplies from producing belts.Stock position of Chana at NCDEX approved warehouses as on 30 October 2014 was 34,097 MT. Chana allocated and delivered on NCDEX in October: - 16,710 MT and 16,710 MT respectively. NCDEX Chana Indore – NCDEX Mumbai Yellow Peas Spot spread is trading at Rs. 660.35/100Kg. In other news, the Cabinet Committee on Economic Affairs has approved the Minimum Support Price (MSP) for Chana to be revised from 3100/Qtl to 3175/Qtl. As per the 1st Advance Estimates from Ministry of Agriculture production of Kharif Pulses is forecasted to be 5.20 million MT in 2014-15 compared to 6.02 million MT (4th Advance estimates) and 5.91 million MT in 2012-13. As per data released by Directorate of Economics & Statistics, acreage under Rabi Pulses as on October 24, 2014 has declined to 3.31 lakh hectare as compared to 3.78 lakh hectare during the corresponding period of last year. They added that production of Tur is forecasted to be 2.74 million MT compared to 3.29 million MT (4th Advance estimates) and 3.02 million MT in 2012-13. Production of Urad is forecasted to be 1.15 million MT compared to 1.07 million MT (4th Advance estimates) and 1.43 million MT in2012-13.
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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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