Web: www.ways2capital.com
|
Mail: info@ways2capital.com
|
Call: 0731-6554125
NCDEX DAILY AND WEEKLY LEVELS DALLY
EXPIRY
R4
R3
SYOREFIDR
20AUG14 697.10
692.30 687.50 684.50 682.10 679.80 677.80 672.10 667.90
SYBEANIDR
20OCT14 3834
3796
3758
3739
3720
3701
3682
3644
3606
RMSEED
20AUG14 3700
3672
3644
3626
3616
3598
3588
3560
3532
JEERAUNJHA
20AUG14 12168
11933 11698 11591
11463 11356 11228 10993 10758
DHANIYA
20AUG14 12766
12466 12166 12058
11866 11758 11565 11265 10945
CASTORSEED
20AUG14 4457
4352
4247
4212
4142
4107
4037
3932
3827
WEEKLY
EXPIRY
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20AUG14 711.20
701.40 691.50 686.50 681.50 676.90 671.40 661.80 651.20
SYBEANIDR
20OCT14 4316
4127
3938
3829
3749
3640
3560
3370
3182
RMSEED
20AUG14 3841
3768
3695
3652
3622
3571
3549
3476
3403
JEERAUNJHA
20AUG14 12668
12283 11898 11691
R4
Web: www.ways2capital.com§
|
R2
R1
PP
S1
S2
S3
S4
11513 11306 11128 10743 10358
Mail: info@ways2capital.com§
|
Call: 0731-6554125
DHANIYA
20AUG14 13055
12664 12273 12111
11882 11720 11491 11100 10709
CASTORSEED
20AUG14 4572
4424
4276
4226
4128
4078
3980
3832
3684
R3
R2
R1
PP
S1
S2
S3
S4
6226
6188
6137
6099 6048
5959
5870
MCX DAILY AND WEEKLY LEVELS DALLY
EXPIRY
R4
CRUDE OIL
21JULY14 6404
6315
GOLD
5 AUG14
28479 28165
28051 27851 27737 27537
27223 26909
LEAD
31JULY14 142
139
137
136
135
134
133
131
128
NATURAL GAS
28JULY14 247
240
234
230
228
224
222
216
209
NICKEL
31JULY14 1208
1189
1170
1159
1151
1140 1132
1113
1094
SILVER
5SEPT14
45088 44626
ZINC
31JULY14 149.20
28793
45550
Web: www.ways2capital.com§
44453 44164 43991 43702
43240 42778
147.50 145.90 144.95 144.20 143.30 142.60 140.95 139.30
|
Mail: info@ways2capital.com§
|
Call: 0731-6554125
WEEKLY
EXPIRY
ALUMINIUM
R4
R3
R2
R1
PP
S1
S2
S3
S4
31JULY14 134
129
124
122
120
117
115
110
106
COPPER
29AUG14
455
443
437
431
425
419
407
395
CRUDE OIL
21JULY14 6667
6499
6331
6240
6163
6072
5995
5827
5659
GOLD
5 AUG14
29167 28544 28241 27921 27618 27298
26675 26052
LEAD
31JULY14 152
146
140
138
134
132
128
122
115
NATURAL GAS
28JULY14 265
253
241
234
229
222
218
206
194
NICKEL
31JULY14 1294
1242
1191
1170
1140
1118
1089
1037
986
SILVER
5SEPT14
47883 46223 45252 44563 43592 42903
41243 39583
ZINC
31JULY14 164
157
127
467
29790
49543
149
146
142
139
134
119
MCX WEEKLY NEWS LETTERS Important News •
IMF cuts global growth forecast to 3.4 percent for the current year.
•
US Unemployment Claims declined to 284,000 for w/e 18th July 2014.
•
Euro Zone Flash Manufacturing PMI grew to 51.9mark in July.
Web: www.ways2capital.com§
|
Mail: info@ways2capital.com§
|
Call: 0731-6554125
•
UK’s Retail Sales grew by 0.1 percent in the previous month.
US Weekly Data •
US Unemployment Claims declined by 19,000 to 284,000 for the week ending on 18th July 2014 as against a rise of 303,000 in prior week.
Flash •
Manufacturing Purchasing Managers' Index (PMI) fell by 1 points to 56.3 .mark in July from 57.3 level in June.
•
New Home Sales declined to 406,000 in June with respect to 442,000 in May.
Indian Currency •
The Indian Rupee traded on a negative note on Thursday trading session and retreated from week high and depreciated around 0.2 percent in yesterday’s trading session. The currency depreciated on the back of dollar demand from state run banks for oil and defense related payments. Further, estimates of Reserve Bank of India buying dollars continued with downside movement in the currency.
Precious Metals Gold Comex witnessed good slide with the commodity losing over a percent to $1290 per ounce wherein fall was coincided with very sharp increase in volumes. in India MCX gold losing near 0.9% to Rs 27625 per 10 Gms while other key contracts like the ACE and NCDEX Gold too closed lower b y around a same rate. Comex Gold August slipped last week as Goldman Sachs came out with fresh negative note on the gold. . Later, the Fed Chairman during her testimony stated that the growth of US economy is continuing which added positivity in Dollar index. Though geopolitical issue in Ukraine and Gaza Strip tried to support the metal in latter half, overall it finished lower. This clearly gives bears an upper hand over the commodity. The coming week is going to be highly tricky as on one hand we have to watch at the fresh developments over conflict between Russia Ukraine while on the other side, movement in equities, currencies and on actual physical demand side would be watched. When we look at the economy related cues, overall bias towards the US economy continues to be positive wherein in the coming week, we have the critical CPI number along with some housing data and the Durable Goods Orders. The key for Bullion would be the CPI gauge which as per initial estimates is seen maintaining a moderate increase on a MoM basis. Overall looking at the broader aspects, we looks a negative view in the commodity.
Web: www.ways2capital.com§
|
Mail: info@ways2capital.com§
|
Call: 0731-6554125
View Bearish ( Sell on high) 1. Base Metals •
Base metals complex ended higher on Thursday lifted by better PMI data out in China and Europe.
•
Indian Base metal complex moved higher on Thursday, tracking gains in the overseas markets. Rupee depreciated against the Dollar on Thursday and also influenced prices
•
Dollar index remained firm on Thursday after data from Labour Department that weekly jobless claims in the U.S. fell by 19,000 to a seasonally adjusted 284,000.
•
Copper prices continued its upward momentum on Friday as investors cheered better than expected manufacturing data out of China.
•
In other news, China’s scrap copper imports plunged by 13.1% on the month to merely 263,000 MT in June, below the average monthly volume through the first six months, Customs data indicate.
View Bullish ( Buy on dip) •
Energy
Crude oil prices closed on a weaker note as markets once again started talking about weaker demand over gasoline commodity whereas late afternoon global GDP update by the IMF too dented market sentiment. WTI at NYMEX platform lost 1% yesterday to shut near the 102 per barrel level. commodity may trade in positive note that better Chinese, EU and US manufacturing numbers would continue to support prices which were already getting from the huge fall in Crude and Cushing inventories as per latest DOE report.
View Bearish (Sell on high) Natural gas recorded a good rally yesterday backed by betterinventory numbers from the US EIA. NYMEX NG August jumped 2.25% to $3.84 per MMBTU. NG active July expiry at MCX too managed a near similar performance gaining by 2% to Rs 231.50 per barrel. NCDEX WEEKLY NEWS LETTERS MANSOON WATCH •
Monsoon deficit reduces further to 24% as on 24th July from 25%
•
Moderate recovery seen for Oil complex, Guar and Spices on short covering after the recent significant fall in rates. Some pickup in demand seen at these lower levels
•
Firmness in International markets keep trend firm in oil complex
Web: www.ways2capital.com§
|
Mail: info@ways2capital.com§
|
Call: 0731-6554125
SETELITE IMAGE OF INDIAN WHETHER CONDITION AS ON 11/07/2014 9.45 A.M. CHANA Chana got some support at the lower levels after the recent massive corrections in prices. There was some pick up in demand at these low rates in the mandis. However rains in Central and Northwest India kept market sentiments weak for the commodity. Traders anticipate prices to be at low levels and expect downtrend to be limited from these levels. Monsoon progress for next few days remains critical. Sowing of Kharif Pulses are likely to get adversely affected if delayed and below normal Monsoon is maintained. Drought like conditions and heat wave delaying sowing of most crops, monsoon rains were 25% below normal till date.
Web: www.ways2capital.com§
|
Mail: info@ways2capital.com§
|
Call: 0731-6554125
As per latest reports of sowing of kharif crops, kharif sowing area has crossed 345.60 lakh hectare. It is reported that as on 18.7.2014, rice has been sown/transplanted in 127.36 lakh ha, pulses in 21.58 lakh ha, coarse cereals in 48.43 lakh ha, and oilseeds in 38.07 lakh ha. The planting of sugarcane and cotton is also in progress. Sugarcane has been planted in 46.09 lakh ha and cotton in 56.00 lakh ha as on today. Higher Pulses production for 201314 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 201314 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. In the first nine months of fiscal 201314, pulses arrivals from abroad aggregated 2 mt; for the whole year, imports are projected at 2.6 mt, sharply down from 3.8 mt last year, according to Commerce Ministry data. SOYABEAN / REFI.SOYA Indian oil seed complex prices moved lower on weak overseas prices amid ideas of better domestic crop growth conditions due to beneficial rains in key central India Soy growing areas. • Monsoon rains in India were 25% below average levels since 1st June. • According to 3rd Advance estimates released by GoI, India’s output for the following crops in 201314 year are: Soybean 11.95 million MT, RM Seed – 7.83 million MT. • Soy meal exports from India, fell sharply to 2,637 MT in June from 8.226 MT in May vs. 213,564 MT in June 2013. India's oil meal exports in June 2014 were 193K MT vs. 161K MT in previous month and 360K MT in June 2013. • India imported 860K MT of veg oils in June vs. 1022K MT in May and 911K MT in June 2013. India imported 598K MT of Palm oil, 99K MT of Soy oil and 155K MT of Sun oil in June 2014. India Physical Market Rates 23Jul14 Soybean Indore – NCDEX 4216.00 Rs. / 100 Kg 23Jul14 Soybean Kota NCDEX 4350.35 Rs. / 100 Kg 23Jul14 Soybean Nagpur NCDEX 4280.25 Rs. / 100 Kg 23Jul14 Refined Soy oil Indore NCDEX 686.90 Rs. / 10 Kg 23Jul14 Refined Soy oil Mumbai NCDEX 674.10 Rs. / 10 Kg
Web: www.ways2capital.com§
|
Mail: info@ways2capital.com§
|
Call: 0731-6554125
23Jul14 Refined Soy oil Nagpur NCDEX 701.50 Rs. / 10 Kg 23Jul14 Soybean meal Export Kandla – NCDEX 39750.00 Rs. / MT 23Jul14 Soybean meal Indore NCDEX 38600.00 Rs. / MT 23Jul14 Soy meal Export Kandla FAS SEA 650.00 USD / MT 23Jul14 Mustard meal Export Kandla FAS SEA 240.00 USD / MT 23Jul14 Mustard oil Sri Ganganagar NCDEX 685.50 Rs. / 10 Kg NCDEX Warehouse Inventory Particular
21Jul14
22Jul14
Soybean Akola
27007
22628
Soybean Nagpur
544
332
Soybean Sagar
151
151
TOTAL SOYBEAN
27702
23111
CBOT Soya complex Prices moved higher yesterday after days of lower price movement. Soybean prices rose from near 4 year low yesterday on reports of lower rains in some US Soy areas. • As of 20 July, US Soybeans was rated 73% good to excellent vs.72% a week ago and 64% a year ago. • According to CFTC CoT report, for the week ending 15 July, non commercial traders increased their net short positions in CBOT Soybeans. • ICE Canola prices closed higher yesterday.
Web: www.ways2capital.com§
|
Mail: info@ways2capital.com§
|
Call: 0731-6554125
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.
Web: www.ways2capital.com§
|
Mail: info@ways2capital.com§
|
Call: 0731-6554125