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✍ NCDEX DAILY LEVELS DALLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
19-12-14
605
603
601
699
697
695
693
691
689
SYBEANIDR
19-12-14
3430
3415
3400
3385
3370
3355
3340
3320
3305
RMSEED
19-12-14
3850
3835
3820
3805
3790
3765
3750
3730
3715
JEERAUNJHA
19-12-14
12300
12250 12200
12150
12100 12050 12000 11950 11900
DHANIYA
19-12-14
12700
12600 12500
12400
12300 12200 12000 11900 11800
CASTORSEED
19-12-14
4850
4835
4820
4805
4780
4765
4750
4720
4705
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
19-12-14
600
597
593
589
585
582
579
576
572
SYBEANIDR
19-12-14
3415
3385
3365
3340
3310
3280
3250
3220
3190
RMSEED
19-12-14
3880
3850
3820
3795
3770
3740
3720
3685
3660
JEERAUNJHA
19-12-14
12800
12600 12400
12200
12000 11800 11600 11400 11200
DHANIYA
19-12-14
13000
12800 12600
12400
12200 12000 11800 11600 11400
CASTORSEED
19-12-14
4900
4870
4820
4790
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4850
Mail: info@ways2capital.com
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4760
4730
4700
4690
Contact: 1800-3010-2007 (Toll Free)
✍ MCX DAILY LEVELS DALLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
28-NOV-14 130
129
127
125
123
121
118
116
114
COPPER
28-NOV-14 421
418
415
412
409
406
403
400
397
CRUDE OIL
19-NOV-14 4970
4950
4930
4910
4890
4870
4850
4830
4810
GOLD
5-DEC-14
26100
26000
25900
25800
25700
25600
25500
25400
LEAD
28-NOV-14 130
128
126
124
122
120
118
116
14
NATURAL GAS 24-NOV-14 282
280
278
277
274
271
269
267
265
NICKEL
940
920
900
890
870
850
830
810
26200
28-NOV-14 960
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
28-NOV-14 132
129
126
123
120
117
114
111
109
COPPER
28-NOV-14 430
425
420
415
410
405
400
395
390
CRUDE OIL
19-NOV-14 5000
4970
4950
4925
4900
4870
4840
4810
4790
GOLD
5-DEC-14
26300
26100
25900
25700
25500
25300
25100 24890
LEAD
28-NOV-14 132
129
126
123
121
119
117
114
111
NATURAL GAS
24-NOV-14 285
281
278
275
271
268
265
263
260
NICKEL
28-NOV-14 1020
990
960
930
900
870
840
810
790
SILVER
5-DEC-14
35600
35200
34900
34500
34100
33800
33500 33100
ZINC
28-NOV-14 145
142
140
138
136
133
131
129
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26500
36000
|
Mail: info@ways2capital.com
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127
Contact: 1800-3010-2007 (Toll Free)
� MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS U.S. non-farm payrolls grew at a fairly brisk 214,000 pace, but this was under economists' forecasts for 231,000. The jobless rate dropped to a fresh six-year low of 5.8 percent. Both the International Monetary Fund and the United States encouraged the ECB and the BoJ toward greater monetary stimulus during a conference of central bankers in Paris on Friday. Libya hopes to reopen the southern El Sharara oilfield "very soon" but first needs to solve a conflict between local tribes, an oil official said on Thursday. Gunmen stormed the field and looted equipment at the 340,000 barrels a day field, shutting down production, oil officials said on Wednesday. Details are unclear but pictures on social media showed damaged cars at the field located deep in the south where rival tribes have been fighting for weeks.
PRECIOUS METALS Silver climbed 1.8 percent to $15.65 an ounce after hitting the lowest since February 2010 at $15.03. Silver has been the worst-performing precious metal this week, down around 3 percent. The dollar fell on Friday after a solid but below-expectation October U.S. jobs report as investors took profits on the greenback's months-long rally that has taken it to multi-year highs in anticipation of tighter U.S. monetary policy next year. U.S. nonfarm payrolls grew at a fairly brisk 214,000 pace, but this was under economists' forecasts for 231,000. The jobless rate dropped to a fresh six-year low of 5.8 percent. Gold rose 2.6 percent on Friday, its biggest one-day gain in nearly five months, as a retreat in the U.S. dollar and heavy short-covering lifted bullion from a 4-1/2-year low. The metal notched a third straight week of losses, however, having dropped to its lowest since April 2010 at $1,131.85 an ounce earlier on Friday. The dollar slipped after a solid but belowexpectation October U.S. jobs report as investors took profits on the greenback's months-long rally, which has seen it reach multi-year highs in anticipation of tighter U.S. monetary policy next year. Gold had been under pressure for a week from a rising dollar, which has benefited from expectations the Federal Reserve will move before other central banks to tighten monetary policy. Despite coming in below expectations, the U.S. payrolls report showed the unemployment rate fell to a fresh six-year low, suggesting the economy remains on a strengthening path.
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BASE METAL Base metals on the LME traded on a mixed note last week after comments by the European Central Bank indicating readiness to use additional measures to shore up the economy. Ultraloose monetary policy adopted by central banks around the world in the past few years has drawn investors to commodities including the base metals pack as an alternative to interestbearing assets. In the Indian markets, base metals traded mixed taking cues from trend in the international markets Copper prices rose on Friday as a mixed U.S. payrolls report offered investors relief that the world's largest economy had not lost steam, while aluminium extended losses as producers and trade houses sold. Data showed U.S. job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low, underscoring the economy's resilience in the face of slowing global demand. U.S. crude climbed less than a dollar on Friday but finished down more than 2 percent for the week, marking the first time the benchmark has fallen for six straight weeks since December 1998. The Friday rally was driven in part by geopolitical tremors in Ukraine and the dollar backing off of its four-year high. The dollar helped drive both the daily gains and the weekly losses, as Friday it retreated from its strongest level against a basket of foreign currencies in over four years. A strong dollar stunts the price of dollar-denominated oil benchmarks. The Ukrainian military accused Russia of sending 32 tanks and truckloads of troops across the border, which if true would signal an end to the lull in violence between the two countries. Renewed fighting in the region could disrupt oil flows, throttle supply, and drive worldwide prices up. However, some traders are skeptical that another flaring of violence in the region could affect supply and prices. U.S. natural gas ended a notch higher on Friday to extend its rally to a ninth day, and traders expected more gains in the coming week if heating demand rises in accordance with forecasts for harshly cold weather. Indications that a polar vortex could freeze the U.S. Midwest by next week gave market bulls the longest winning streak in natural gas in eight years. Over the next two weeks, U.S. weather models show lower-than-normal temperatures, with 354 heating degree days, up from the 320 forecast on Thursday. Normal HDDs for this time of year are 261, according to Thomson Reuters Analytics.
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� NCDEX - WEEKLY NEWS LETTERS JEERA Higher arrivals continued to pres-surize the rates for Jeera even as export demand improved in mandis. Satisfactory crop sowing progress affected the sentiments adversely even further. The coming week trend is likely to remain volatile as improved export demand queries amidst higher arrivals could keep prices volatile. The sowing progress in coming weeks would be important and determine the near term trend for the commodity. An expected pick up in sowing area could prevent too strong recovery for the commodity. Rains seen few weeks back in Gujarat and Rajasthan have improved moisture content of the soil and this can have a beneficial impact on the sowing of new crop that has started. Weather in grow-ing areas thus remain critical in the near term. Effect of Dollar vs Re would be important in medium term when exports pick up. But till that hap-pens some more dips not ruled out Good quality arrivals have ensured Jeera rates are fetching premium w.r.t. International markets. Low stocks in global trade and political unrest in Turkey and Syria have pushed export demand to India. India will remain the primary export-er for this commodity as of now. Jeera production in India is ex-pected to rise to 6.5-7 million bags of 55 kg each in 2014, from 4.5-5 million bags a year earlier, due to an expanded area under cultivation and favourable weather conditions. As per Spices Board of India statis-tics, India exported 96,500 tonne of cumin seed or Jeera during April-December 2013, up from 50,944 tonne exported in similar period, previous year SOYABEAN / REFI. SOYA Ref Soy Oil bounced back moderately after the recent fall in rates as slight firmness in International markets pulled prices up. Markets are likely to trade with high volatility as demand remains firm in mandis. Reports on apprehensions of India considering raising import taxes on crude and refined vegetable oils to protect local farmers and the refining industry kept trend firm in Indian markets In order to improve realizations for farmers and to bring in transparency in soybean selling, the Web: www.ways2capital.com
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Madhya Pradesh government has introduced sample-based auction for the commodity. The pilot project will be implemented at Ujjain, one of the biggest mandis (wholesale agricul-tural markets) in Madhya Pradesh, and once the new system is found to be successful, it will be extended to 10 other mandis. The sample-based auction will not only save post-harvest losses, but also encourage farmers to produce fair average quality commodities that ensure better return on their yield. Madhya Pradesh has been the biggest producer of soybean. Current stock of edible oils as on 1st Oct., 2014 at various ports is esti-mated at 715,000 tons (CPO 350,000 tons, RBD Palmolein 85,000 tons, Degummed Soybean Oil 150,000 tons, Crude Sunflower Oil 120,000 tons and 10,000 tons of Rapeseed (Canola) Oil and about 1,000,000 tons in pipelines. Total stock, both at ports and in pipelines decreased to 1,715,000 tons from 1,820,000 tons in previous months. (SEA Of India) Brazil, the world’s the biggest soy-bean exporter, may see “crucial rainfall” this week in central and southeastern areas that have experienced dryness, which will encourage farmers to accelerate planting, QT Weather said in a report yesterday. The country’s output may climb to a record 94 million metric tons in 2014-2015, the USDA predicts. Planting started this month and will run until December. Weakness in International markets amid slowing down of demand in domestic market kept trend weak for Soybean as markets fell after the recent rise in prices Arrivals of better quality crop amid improved demand in mandis are likely to keep overall sentiments moderately firm. Lower production expectations and stockists demand are also expected to support prices. However with International markets showing some corrections over last 2 days, some more corrections in rates are not ruled out in the short term.
RM SEED Weakness in other Oil complex had a bearish impact on RMSeed prices as demand got adversely affected in the mandis at these higher levels. Improved sowing report from Rajasthan kept uptrend limited. An expected rise in sowing area for new crop is preventing any strong rise in rates. Farmers are interested in sowing of RMseed as they are reportedly getting higher price Indian farmers have been sown 18.64 lakh hectares of mustard seed (2014-15 crop year) as on 30 Oct. 2014, which was 4.56 lakh ha. higher compared to the last year same period. State wise details - in Rajasthan has been sown in 9.07 (11.88) lakh hectares, in MP sowing reached at 3.80 (0.00) lakh hectares and in UP sowing reached to 4.91 (0.00) lakh hectares. As per first
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Advance Estimates for 2014-15 released by Department of Agriculture & Cooperation, total production of kharif Oilseeds is expected to decline to 19.66 million tons, down 2.75 million tons from 2013-14 Kharif season. As per Solvent Extractors’ Associa-tion 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 oilmeal 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
CHANA Profit booking at higher levels brought some dips to the rising rates for Chana. Rates had shot up a lot last few days. But high demand from stockists amid falling stocks, a rise in MSP, reports of Govt purchase amid low arrivals in mandis all these factors are likely to support the prices. Raising the MSP from Rs 3100/Q to Rs 3175/Q added support to the prices. Rise in demand from millers and Govt agencies kept trend firm. Fall in Canada crop production is also affecting the prices as imports turn costlier. Continuous fall in rates over last few months has reportedly adversely affected the sowing. Expectations of improved crop sowing in states of MP, UP and Rajasthan could prevent strong uptrend even as prices are consid-ered to be on the lower side. How-ever lower sowing reports are keeping prices up as of now The domestic demand has risen in the mandis and breaking the psychological resistance levels of 3000 could enable prices to recover further in coming weeks. Apart from these factors, 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 Rabi Pulses crops as on 24th October, it is reported that pulses has been sown in 3.31 lakh ha vs 3.78 lakh ha same time last year. As per 1st Advanced crop estimates for 2014-15 by Govt of India, India is likely to produce Kharif Foodgrains of 120.27 million tonnes, which is down by 8.97 million tonnes from the record 129.24 million tonnes achieved in Kharif 2013-14. Decline in area under Tur and Moong has also affected production of Kharif Pulses which is estimated at 5.20 million tonnes as against their production of 6.02 million tonnes during Kharif 2013-14. Tur production estimated at 2.74 million tonnes and Urad at 1.15 million tonnes
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