✍ NCDEX DAILY LEVELS DALLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 APR 15
632
622
612
608
602
598
592
582
572
SYBEANIDR
20 APR 15
3,498
3,465
3,43
3,413
3,399
3,380
3,366
3,333
3,300
RMSEED
20 APR 15
3,446
3,410
3,374
3,358
3,338
3,322
3,302
3,266
3,230
JEERAUNJHA
20 MAR 15 15,256
14,886 14,516 14,373
14,146 14,003 13,776 13,406 13,036
CHANA
20 APR 15
3,756
3,710
3,664
3,641
3,618
3,595
3,572
3,526
3,480
CASTORSEED
20 MAR 15 4,249
4,196
4,143
4,117
4,090
4,064
4,037
3,984
3,931
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 APR 15
659
639
619
612
599
592
579
559
539
SYBEANIDR
20 APR 15
3,695
3,596
3,497
3,445
3,398
3,346
3,299
3,200
3,101
RMSEED
20 APR 15
3,622
3,520
3,418
3,380
3,316
3,278
3,214
3,112
3010
JEERAUNJHA
20 MAR 15 17,483
16,423 15,363 14,796
14,303 13,736 13,243 12,183 11,123
CHANA
20 APR 15
3,993
3,865
3,737
3,678
3,609
3,550
3,481
3,353
3,225
CASTORSEED
20 MAR15
4,713
4,450
4,187
4,036
3,924
3,773
3,661
3,398
3,135
✍ MCX DAILY LEVELS DALLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
27 FEB 15 118
117
116
115
114
113
112
111
110
COPPER
27 FEB 15 379S
372
365
361
358
354
351
344
337
CRUDE OIL
19 FEB15
3,731
3,576
3,421
3,357
3,266
3,202
3,111
2,956
2,801
GOLD
03APR 15
27,267
27,075
26,883
26,787
26,691
26,595
26,499
26,307
26,115
LEAD
27 FEB 15 117
116
115
114
113
112
111
110
109
NATURAL GAS 24 FEB 15 196
188
179
176
171
167
162
153
145
NICKEL
27 FEB 15 966
948
930
920
913
902
895
877
860
SILVER
05 MAR 15 41,103
40,059
39,015
38,609
37,971
37,565
36,927
35,883
34,839
ZINC
27 FEB 15 137.62
136.27
134.92
134.23
133.57
132.88
132.22
130.87
129.52
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
27 FEB 15
126
122
118
116
114
112
110
106
102
COPPER
27 FEB 15
397
383
369
363
355
349
341
327
313
CRUDE OIL
19 FEB 15
4,228
3,889
3,550
3,422
3,211
3,083
2,872
2,533
2,194
GOLD
03 APR 15
28,175
27,693
27,211
26,951
26,729 26,469
26,247
25,765 25,283
LEAD
27 FEB 15
127
122
118
116
114
111
109
105.33 100
NATURAL GAS
24 FEB 15
229
210
190
182
171
162
151
132
113
NICKEL
27 FEB 15
1,050
1,007
964
936
921
893
878
835
792
SILVER
05 MAR 15 41,858
40,531
39,204
38,704
37,877 37,377
36,550
35,223 33,896
ZINC
27 FEB 15
140
136
135
133
129
126
143
131
123
� MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS Gold gains on weak dollar and shares, still near three-week low Gold rose on Monday, rebounding from a three-week low hit in the previous session, as the dollar dropped and European equities suffered from soft Chinese trade data coupled with worries about Greece. Spot gold gained 0.6 per cent to $1,240.65 an ounce by 1050 GMT. The metal posted its biggest one-day loss since December 2013 on Friday, hitting $1,228.25, as the dollar rallied after strong US payrolls data."There is a lot of volatility in the market, triggered by how elements of the macro environment interact: you have the US interest rate hike talk but also worries over Greece. Both are likely to continue over the next few weeks," Societe Generale analyst Robin Bhar said. European shares tracked losses on Wall Street and in Asia, with disappointing Chinese trade data further raising concerns about growth in the world's second-biggest economy.Gold was also helped as the dollar gave back some of its gains made on Friday after data showed US jobs growth rose solidly in January and wages rebounded, an indication of economic strength that put a mid-year interest rate increase from the Federal Reserve back on the table. The US central bank has held benchmark borrowing costs near zero since December 2008. An increase in rates should further boost the dollar, in turn denting demand for gold, a non-interestbearing asset.Investors were also monitoring news from Greece after the new government reaffirmed its rejection of an international bailout programme.Hedge funds and money managers cut their bullish bets on gold and silver futures and options for the first time in six weeks during the week to Feb. 3, US Commodity Futures Trading Commission data showed on Friday.In the physical markets, Chinese premiums rose to $4-$5 an ounce on Monday, from less than $4 in the previous session, as last week's sharp decline in prices attracted some buyers. Chinese consumers typically buy gold for gift-giving ahead of the Lunar New Year holiday on Feb. 19-20, but buying is likely to slow during and just before the break, traders said."With Chinese New Year nearly here, the buying activity would have mostly concluded so don't expect much seasonal support from the Chinese at this point," Phillip Futures analyst Howie Lee said. Spot silver was up 2.1 per cent at $17.04 an ounce. Palladium was unchanged at $781.75 an ounce, while platinum fell 0.2 per cent to $1,217.95 an ounce.
Silvermic April contract slips At 15:40 hrs MCX SILVERMIC February contract was trading at Rs 38285 down Rs 109, or 0.28 percent. The SILVERMIC rate touched an intraday high of Rs 38660 and an intraday low
of Rs 38065. So far 28024 contracts have been traded. SILVERMIC prices have moved down Rs 660, or 1.69 percent in the February series so far. MCX SILVERMIC April contract was trading at Rs 38609 down Rs 98, or 0.25 percent. The SILVERMIC rate touched an intraday high of Rs 38963 and an intraday low of Rs 38404. So far 2531 contracts have been traded. SILVERMIC prices have moved down Rs 1690, or 4.19 percent in the April series so far. MCX SILVERMIC June contract was trading at Rs 39135 down Rs 29, or 0.07 percent. The SILVERMIC rate touched an intraday high of Rs 39383 and an intraday low of Rs 38935. So far 42 contracts have been traded. SILVERMIC prices have moved down Rs 1673, or 4.10 percent in the June series so far. Crude oil futures extend 2-day rally on falling U.S. rig count Read more at: Crude oil futures extended gains on Tuesday, after rallying 11% over the past two sessions, as investors closed out bets on lower prices after data showed the number of U.S. oil drilling rigs had fallen by the most in nearly 30 years last week. On the New York Mercantile Exchange, crude oil for delivery in March rose as much as 2.57%, or $1.31, to hit a session high of $50.88 a barrel, the most since January 15, before trading at $50.64 during European morning hours, up $1.07, or 2.16%. A day earlier, New York-traded oil futures surged $1.33, or 2.76%, to settle at $49.57. West Texas Intermediate oil futures are up almost 13% in the three sessions including Tuesday, amid indications U.S. producers are pulling back on new production in response to low prices. U.S. oil prices lost $5.96, or 10.17%, in January, the seventh consecutive monthly decline. Elsewhere, on the ICE Futures Exchange in London, Brent oil for March delivery jumped $1.49, or 2.72%, to trade at $56.24 a barrel, after rising by as much as $1.73, or 3.06%, to touch $56.48, the highest level since January 5. On Monday, London-traded Brent rallied $1.76, or 3.32%, to end at $54.75. Brent prices ended January with a loss of $5.92, or 8.97%, also the seventh straight monthly drop. Industry research group Baker Hughes said last Friday that the number of rigs drilling for oil in the U.S. fell by 94, or 7%, to 1,223 last week, the lowest since October 2013. The number of oil rigs has declined in 13 of the last 16 weeks since hitting an all-time high of 1,609 in mid-October. London-traded Brent prices have fallen nearly 60% since June, when it climbed near $116, while WTI futures are down almost 58% from a recent peak of $107.50 in June, as the Organization of Petroleum Exporting Countries resisted calls to cut output, while the U.S. pumped at the fastest pace in more than three decades, creating a glut in global supplies. Copper hits 1-week high as rising oil prices, stock gains lift sentiment Copper prices hit a one-week high on Tuesday, as a rally in oil and global equity markets lifted sentiment. On the Comex division of the New York Mercantile Exchange, copper for March delivery rose by as much as 4.4 cents, or 1.73%, to hit a session high of $2.534 a pound, the most since January 27, before trading at $2.530 during European morning hours, up 4.0 cents, or 1.61%. Futures were likely to find support at the $2.463, the low from February 2, and resistance at $2.543, the high from January 27. A day earlier, copper dipped 0.4 cents, or
0.18%, to settle at $2.490 a pound. Oil prices rallied nearly 11% over the past two sessions as investors closed out bets on lower prices after data showed the number of U.S. oil drilling rigs had fallen by the most in nearly 30 years last week. London-traded Brent prices rose 66 cents, or 1.2%, to $55.41 a barrel, while Nymex oil tacked on 33 cents, or 0.67%, to hit $49.90. Meanwhile, Asian stocks markets ended mostly higher as a surprise rate cut by Australia's central bank boosted sentiment. Shares in Shanghai rallied more than 2% after Monday's soft Chinese manufacturing data added to speculation that policymakers in Beijing may implement further stimulus measures to support the economy. Hopes that Greece's new government would be able to reach a compromise with its international creditors on the terms of its bailout also helped lift sentiment. Copper prices lost 33.1 cents, or 11.72%, in January as concerns over the global economic outlook and the impact on future demand prospects dampened the appeal of the commodity. Elsewhere on the Comex, gold futures for April inched up $5.80, or 0.45%, to trade at $1,282.70 a troy ounce, while silver futures for March delivery rallied 26.2 cents, or 1.52% to trade at $17.51 an ounce. Optimism over the health of the U.S. economy weakened after data on Monday showed that U.S. consumer spending fell at the fastest rate since September 2009 in December. Separate reports showed that U.S. construction spending rose less than expected in December, while manufacturing growth slowed. Later in the day, the U.S. was to release data on factory orders as investors look for further indications on the strength of the economy. Lead down 0.1% on weak overseas cues, low demand Lead prices eased by 0.13% to Rs 114.15 per kg in futures trading today on weakness in base metals at the London Metal Exchange (LME) amidst subdued demand from battery makers at domestic spot markets. At the Multi Commodity exchange, lead for delivery in February declined by 15 paise, or 0.13%, to Rs 114.15 per kg in a business turnover of 235 lots. Market analysts said besides subdued demand from battery makers in the spot market, weakness in base metals at the LME after China reported that consumer prices rose at the slowest pace in more than five years and factory-gate deflation deepened, led to the fall in lead prices in futures trade here. Nickel falls by 0.1% on global cues Nickel prices fell marginally by 0.09% to Rs 916.40 per kg in futures trade today as speculators indulged in offloading positions after the metal weakened in global markets. Further, subdued demand from alloy-makers in domestic spot markets weighed on the prices. At the Multi Commodity Exchange, nickel for delivery in February eased by 80 paise, or 0.09%, to Rs 916.40 per kg in a business turnover of 382 lots. The metal for delivery in March shed 50 paise, or 0.05%, to Rs 923.70 per kg in six lots. Analysts said the fall in nickel prices at futures trade was in tandem with a weakening trend in global markets after talks between Greece and its creditors ended in deadlock and ahead of
retail sales data from the US, the world's second-biggest consumer of metals. In addition, a fall in demand from alloy-makers in the domestic spot markets put pressure, they said. Globally, nickel for delivery in three months fell as much as 0.3% to USD 14,700 per tonne on the London Metal Exchange.
NCDEX - WEEKLY NEWS LETTERS NCDEX partners with LSE Group's MillenniumIT for technology The National Commodity and Derivatives Exchange (NCDEX) has tied up with Colomboheadquartered MillenniumIT (MIT) for scaling up its trading and surveillance system for the futures and forwards segments. The partnership is to be implemented in the first quarter of the next financial year. Founded in 1996, MIT is fully owned by the London Stock Exchange Group. “We are now looking for a paradigm shift in bringing greater convenience and increased efficiency in our offering of an integrated marketplace comprising spot, forward and futures,� explained Samir Shah, managing director and chief executive officer, NCDEX. MillenniumIT is a trading technology business. Powering a little over 40 financial organisations and exchanges around the world, clients include London Stock Exchange, Borsa Italiana, Turquoise, London Metal Exchange, Tullett Prebon, Johannesburg Stock Exchange, Singapore Exchange and HKEx.The NextGen system will provide a faster trading engine, perhaps the country's fastest, giving a big advantage to market participants. The new trading system will give a more dynamic experience to the user with features such as tick-by-tick broadcast and ease of executing complex trading strategies like butterfly and straddles. It will also have improved capability to handle high frequency / algo trading. Additionally, it will be able to execute regulatory changes in a quick and efficient manner which will assist in efficient intra-day closure, pre-order checks and order flow monitoring. "While every market infrastructure and its requirements are unique, MIT's technology is designed to meet those requirements in a timely, efficient way. Our ability to handle any asset class across a wide breadth of financial markets companies pays tribute to this," said Mack Gill, Chief Executive Officer, MIT. Soybean Fut may trade on mixed to positive note: Soybean NCDEX Soybean Feb futures ended nearly flat on sluggish oil meal export data. India's oilmeal exports may drop 40 per cent in 2014/15 due to lower demand for soymeal as key buyers like Iran and Japan switch to cheaper supplies from South America. In January 2015, Soymeal exports fell by more than 71 per cent to 104,426 tonnes against 364,443 tonnes
in the same month a year ago. Global update Global Soybean production projected at a record 315.1 million tonnes (mt) in 2014/15. Brazil and Argentina soybean production is projected at 94.5 mt and 57 mt respectively. According to Safras & Mercado, Brazil is likely to export 46.2 mt of soybeans. Brazilian exports of soybean meal & soybean oil are projected to rise 6% and 4% this year to 14.5 mt and 1.25 mt, respectively. Outlook Soybean futures may trade on a mixed to positive note due to good buying support at lower prices and but sluggish demand for oil meal might weigh on prices.
Castorseed in a free fall Castorseed price has been in a free fall since the beginning of 2015. The castor seed futures contract traded on the National Commodity and Derivatives Exchange Ltd (NCDEX) is down over 20 per cent since the beginning of this year. It is currently trading at 3,930 a quintal. Weak domestic as well as export demand has pulled the castorseed spot price lower. This has triggered profit booking by traders, especially since the contract had rallied 12 per cent last December. The bearish outlook remains intact. Short-term traders can use this opportunity to initiate fresh short-position. The short-term view is bearish. The contract has declined below the psychological support at 4,000 this week. Key short-term resistances are at 4,013 – the 200-week moving average and then at 4,100 – a trend line resistance. Immediate support is at 3,850. A break below this level can drag the contract lower to 3,750 and even 3,600 in the coming weeks.Traders with a shortterm perspective can go short in this contract at current levels. Stop-loss can be placed at 4,060 for the target of 3,750. Intermediate rallies to 4,000 if seen can be considered to accumulate more short positions.The downside pressure on the castorseed futures contract will ease only if the contract rises past 4,000.The short-term outlook will turn positive if the contract breaches 4,100. Such a break can then take the contract higher to 4,300. The medium-term trend is down. But this downtrend could be nearing a bottom. There is a strong trend line support at 3,650 which could halt the current fall. A strong reversal from here will have the potential to breach the psychological hurdle at 4,000 and take the NCDEXcastorseed futures contract higher to 4,500 levels. On the other hand, a fall below 3,650 could add more pressure on the contract. It will then increase the danger of the fall extending towards 3,350
Chana Feb. futures traded on negative note: Chana NCDEX Chana Feb. futures traded on negative note on Friday and closed 0.69% down due to sluggish demand on expectation of new crop arrivals in less than a month’s time. Overall
sentiments look mixed for Chana amid expected lower output and duty-free export allowed till Mar 2015. As per the Govt data, Chana has been sown over 81.98 lakh hectares which is less 16.5 % As on Jan 23, 2015 as compared to last year’s 98.16 lakh hac. The Weather so far has been conducive to the growth of Chana crop in the growing states. Considering favorable weather conditions in the coming days and thereby a normal yield, we expect Chana production to hover around 84-86 lakh tonnes in 2014-15. Outlook Chana futures are expected to trade sideways to down in the coming days due to low supplies in spot market and new crop to hit the local mandi in less than a month’s time and there are reports of pulses damage in UP due to drought however buying at lower levels may support the prices.
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