✍ MCX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29 JUL 2016
113.95
112.55
111.15
110.50
109.75
109.10
108.35
106.95
105.55
COPPER
31 AUG 2016
339.50
333.50
327..50
325
321.50
319
315.50
309.50
303.50
CRUDE OIL
19 JUL 2016
3739
3585
3431
3348
3277
3194
3123
2969
2815
GOLD
05AUG 2016
36830
34925
33020
32210
31115
30305
29210
27305
25400
LEAD
29 JUL 2016
121.15
119.60
118.05
117.40
116.50
115.90
114.95
113.40
111.85
NATURALGAS
26 JUL 2016
197
192.90
188.80
186.70
184.70
182.60
180.60
176.50
172.40
NICKEL
29 JUL 2016
663.80
646.80
629.80
622.20
612.80
605.20
595.80
578.80
561.80
SILVER
05 JUL 2016
46100
44859
43618
43005
42377
41764
41136
39895
38654
ZINC
29 JUL 2016
144.70
141.95
139.20
138.25
136.45
135.50
133.70
130.95
128.20
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29 JUL 2016
115.60
113.70
111.80
110.85
109.90
108.95
108
106.10
104.20
COPPER
31 AUG 2016
363.40
349.10
334.70
328.60
320.40
314.30
306
291.70
277.30
CRUDE OIL
19 JUL 2016
3956
3737
3518
3392
3299
3173
3080
2861
2642
GOLD
05AUG 2016
37278
35205
33132
32266
31059
30193
28986
26913
24840
LEAD
29 JUL 2016
123.50
121.20
119
117.90
116.70
115.65
114.50
112.20
110
NATURALGAS
26 JUL 2016
219.10
207.80
196.50
190.60
185.20
179.30
173.90
162.60
151.30
NICKEL
29 JUL 2016
703.80
674.80
645.80
630.20
616.80
601.20
587.80
558.80
529.80
SILVER
05 JUL 2016
48514
46435
44356
43644
42277
41565
40198
38119
36040
ZINC
29 JUL 2016
152.60
147.25
141.90
139.60
136.55
134.25
131.20
125.85
120.50
Monday, 27 June 2016
WEEKLY MCX CALL BUY ZINC JUL ABOVE 137.50 TGT 140.50 SL 134.50 PREVIOUS WEEK CALL SELL GOLD AUG BELOW 30000 TGT 29700 SL 30300 - MADE LOW OF 30852 BUY COPPER JUN ABOVE 316 TGT 325 SL 309 - MADE HIGH OF 319.50
✍ FOREX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
27 JUL 2016
70.25
69.60
68.95
68.65
68.30
68
67.65
67
66.35
EURINR
27 JUL 2016
79.80
78.40
77.05
76.35
75.70
75
74.30
72.95
71.55
GBPINR
27 JUL 2016
106.7 0
102.30
97.85
95.85
93.45
91.45
89
84.60
80.20
JPYINR
27 JUL 2016
77.95
74.40
70.90
68.85
67.40
65.35
63.85
60.35
56.80
✍ FOREX WEEKLY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
27 JUL 2016
71.2 0
70.20
69.20
68.75
68.15
67.75
67.15
66.15
65.15
EURINR
27 JUL 2016
83.4 0
80.95
78.50
77.10
76.05
74.65
73.60
71.15
68.70
GBPINR
27 JUL 2016
124. 70
114.90
105.05
99.45
95.25
89.65
85.40
75.60
65.75
JPYINR
27 JUL 2016
83.1 5
77.65
72.20
69.50
66.75
64.05
61.25
55.80
50.35
WEEKLY FOREX CALL SELL USDINR JUL BELOW 67.88 TGT 67.30 SL 68.51 PREVIOUS WEEK CALL BUY EURINR JUN ABOVE 76.15 TGT 76.65 SL 75.64 - TGT ACHEIVED BUY GBPINR JUN ABOVE 96.32 TGT 96.92 SL 95.59 - TGT ACHEIVED
✍NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 JUL 2016
663
656
649
646
642
639
635
628
621
SYBEANIDR
20 JUL 2016
4020
3950
3880
3842
3810
3772
3740
3670
3600
RMSEED
20 JUL 2016
4868
4813
4758
4729
4703
4674
4648
4593
4538
JEERAUNJHA
20 JUL 2016
18415
18145
17915
17775
17660
17520
17415
17165
16915
TMC
20 JUL 2016
8350
8300
8300
8250
8200
8150
8100
8050
8000
GUARSEED
20 JUL 2016
3170
3145
3125
3105
3090
3070
3050
3030
3000
✍NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 JUL 2016
672
662
652
647
642
637
632
622
612
SYBEANIDR
20 JUL 2016
4100
4006
3912
3858
3818
3764
3724
3630
3536
RMSEED
20 JUL 2016
5117
4983
4849
4774
4715
4640
4581
4447
4313
JEERAUNJHA
20 JUL 2016
20015
19175
18335
17985
17490
17145
16650
15815
14970
TMC
20 JUL 2016
9000
8800
8600
8400
8200
8000
7800
7600
7400
GUARSEED
20 JUL 2016
3500
3400
3300
3200
3080
2980
2880
2770
2650
WEEKLY NCDEX CALL SELL GUARSEED JUL BELOW 3050 TGT 2950 SL 3151 PREIOUS WEEEK CALL SELL SOYABEAN JUL BELOW 3835 TGT 3735 SL 3952 BUY JEERA JUL AOVE 17500 TGT 17900 SL 17000
MCX - WEEKLY NEWS LETTERS ✍BULLION Bullion extended losses after U.S. Federal Reserve Chair Janet Yellen said global risks and a U.S. hiring slowdown warrant a cautious approach to raising interest rates. However, surprising results from Brexit that it will leave the EU block led the rally in gold prices last week.Over the week, prices fell to a two-week low as the last sweep of opinion polls before Britain's referendum on EU membership began gave the campaign to stay in the bloc a slight edge. Polls by ComRes, conducted for the Daily Mail newspaper and ITV television, and by YouGov for The Times newspaper in London, showed a last-minute rise in support for Britain to remain in the EU.Gold soared to its highest in more than two years after Britain delivered a shock vote to leave the European Union, sending investors scurrying for protection in bullion and other assets perceived as lower risk. In sterling terms, gold delivered double-digit percentage gains to top 1,000 pounds an ounce for the first time in more than three years, rallying as much as 21 percent in early trade, while euro-priced gold rose as much as 13 percent. CME raises COMEX 100 gold futures (GC) initial margins for speculators by 22.2 percent to $6,050 per contract from $4,950. COMEX gold futures volume exceeded 576,850 contracts, their second highest on record. This represents 57.7 million ounces worth about $76.3 billion. Britain's vote to leave the European Union forced the resignation of Prime Minister David Cameron and dealt the biggest blow to the European project of greater unity since World War Two. The Bank of England said it would take all necessary steps to shield Britain's economy from the shock decision, having "undertaken extensive contingency planning" for the vote. Gold dealers in London reported surging demand for coins and bars, with some saying stocks were tight, after a shock vote for Britain to leave the European Union sent financial markets into meltdown and drove the pound lower. Gold sales in London picked up earlier this month after polls first began to suggest that the Leave campaign had edged into the lead. The U.K. voted by a substantial margin to leave the EU in a landmark referendum, with the Leave side winning 52% of the vote, against 48% to remain.Silver settled up 2.92% at 42392 as the U.K.’s surprise decision to leave the European Union in a landmark referendum continued to boost safe-haven demand.The Bank of England said Friday it would take all necessary steps to secure monetary and financial stability after the shock Brexit result.The Bank of England is monitoring developments closely," it said in a statement. "It has undertaken extensive contingency planning and is working closely with HM Treasury, other domestic authorities and overseas central banks." U.S. orders for long lasting manufactured goods fell more than forecast in May, while core orders unexpectedly declined, according to official data showed. Total durable goods orders, which include transportation items, fell 2.2% last month, the Commerce Department said, compared to expectations for an decline of 0.5%. April's orders were revised down to show an increase of 3.3% from a previously reported 3.4% advance. Durable goods are typically bulky or heavy manufactured products designed to last at least three years.
✍ENERGY Crude prices had settled 2 percent higher after a volatile session, with investors less worried about prospects for the global economy on the growing view that Britain would remain in the EU. The world's largest oil exporter and OPEC heavyweight produced 10.262 million bpd in April, compared with 10.224 million bpd a month earlier, the data showed. Potentially adding to supply, Iran has increased its crude exports capacity at its main terminal on Kharg Island to allow eight tankers to load simultaneously. Brexit referendum came out with Britain leaving the EU which resulted in the fall in oil prices last Friday by more than 6 percent. Financial markets have been worried for months about what a British exit from the European Union, dubbed widely as 'Brexit,' would mean for Europe's future, but were clearly not fully factoring in the risk of a 'leave' vote. As the Leave campaign
took a resounding lead in the wee hours of Friday morning, both the international and U.S. benchmarks of crude tumbled more than 6%, falling to their lowest levels since mid-May. With the considerable losses, the front month contract for crude erased all of their gains from the last week when they surged more than $4 a barrel. U.K. Prime Minister David Cameron announced intentions to step down by October after polls showed that the Exit camp prevailed by a 52-48% margin. Russian Energy Ministry expects oil price volatility to increase in the short term after Britain's vote in favor of leaving the European Union, RIA news agency quoted Russian First Deputy Energy Minister Alexei Texler as saying on Friday. Elsewhere, oil services firm Baker Hughes said in its weekly rig count report that U.S. oil rigs fell by seven to 330, marking its first decline in four weeks
✍BASE METAL Copper closed down by -1.28% at 317.3 as concerns about economic growth rose after Britain voted to leave the European Union and the dollar soared. But the moves were not as strong as in other commodities, partly due to the key role of China, the world's biggest metals consumer. Highlighting the impact that stimulus has had on the Chinese economy, a survey showed business confidence among entrepreneurs in China has picked up for the first time in more than two years in the second quarter of 2016. The UK vote to leave the EU forced the resignation of Prime Minister David Cameron as world stocks headed for one of the biggest slumps on record. The drop in copper erased most of a weekly advance that had been sparked by a fall in the dollar as expectations grew that the U.S. would delay its next interest rate increase after its economy stumbled in the first quarter. In the wake of the Brexit vote, the dollar index surged 2.5 percent to the highest level in more than three months, making commodities priced in the greenback more expensive for buyers using other currencies. Copper at one point saw its biggest daily slide since July last year, after hitting its highest since May 6 on Thursday at $4,795. Zambia’s copper production will double in 2017 from a projected level of as much as 750,000 metric tons this year, the mines minister of Africa’s second-biggest producer of the metal.LME Copper prices gained the most among base metals, by 1.2 percent last week to close at $4698 per tonne owing to high anticipation that the Britons will vote "REMAIN" in the EU. Further, bets for fewer rate hikes in the US rose after the International Monetary Fund cut its forecast for U.S. growth this year to 2.2 percent from 2.4 percent in April, adding that Fed should proceed on a "very gradual" path in raising its benchmark rate.
✍ NCDEX - WEEKLY NEWS LETTERS ✍COOKING OIL PRICE UPDATE Prices of cooking oils produced in India such as mustard oil, groundnut oil and cottonseed oil have gone up 56% in the past fortnight amid supply constraints. Consumers can heave a sigh of relief, though, since palm oil has become 7.5% cheaper during this period due to increase in production in Malaysia and Indonesia. "Production of mustard, groundnut and cottonseed suffered in both kharif and rabi seasons due to erratic weather conditions," said Sandeep Bajoria, CEO of oil consultancy firm Sunvin Group. "Moreover, since monsoon has been delayed by a week this year, the market sentiment has firmed, which is reflected in prices," he saidThe arrival of the south-west monsoon has kick-started seasonal farming activity, with farmers taking up sowing of key kharif crops such as rice, pulses, oilseeds and cotton in several states. According to the preliminary data put out by the agriculture ministry, sowing of kharif crops was complete on about 71.24 lakh hectares on June 10, about 7% lower than last year's acreage of 76.65 lakh hectares. Analysts said that prices of locally produced oils are expected to remain firm since a section of oilseed farmers may shift to other crops this year. Cooking oil is nonetheless set to turn cheaper due to the fall in the prices of palm oil to $675 a tonne from $730 a fortnight ago.
✍TMC Steady trend was witnessed in Nizamabad market with finger and bulb trading at Rs.8400/quintal and Rs.7800.quitnal with arrivals at 1500 bags. At Erode, finger and bulb traded steady at Rs.8500-8700/quintal and Rs.8200-8400/quintal respectively with arrivals of 4300 bags. During week from 16th June till 22nd June 2016, monsoon rainfall in Nizamabad was 47.4 mm, with a departure of -3% from its normal rainfall of 48.8 mm.The e-National Agricultural Market was introduced on Apr 14 to integrate 585 farm markets through an electronic platform by 2018. As of now, only turmeric trades under this platform but other commodities are expected to be added soon. The trading platform will have data on arrivals and prices of the commodity, buy and sell trade offers. •Currently e-National Agriculture Market has been introduced in 21 mandis in eight states; Uttar Pradesh, Gujarat, Telangana, Rajasthan, Madhya Pradesh, Haryana, Jharkhand, and Himachal Pradesh.
✍JEERA The total arrivals reported at Unjha market remained unchanged at 4000 bags. At Unjha, jeera prices reported at around Rs.17600 per quintal. Stock positions at the NCDEX accredited warehouses are 3487 tonnes and 12 MT are in process as on 20 June 2016.The exchange deliverable quality jeera was at 17,400-17,600 rupees per 100 kg in Unjha. •Arrivals of jeera were pegged at 7,000-8,000 bags (1 bag = 55 kg), steady from Wednesday's level. •Total stocks of jeera in NCDEX accredited warehouses as on 22nd June 2016 increased from previous day to 3370 tonnes and 57 tonnes are in process.Prices in the spot market eventhough are trading in range, expectations of pick up in demand from domestic and overseas market along with declining arrivals may support the price to trade higher in near term.
✍CORIANDER Arrivals reported at 3000 quintals, steady as against previous close. Tailing from the spot markets, coriander prices extended the bullishness during Thursday’s trading session. Hence, coriander June contract ended the day at Rs. 7251 per quintal with 0.2% gains. Stock positions at the NCDEX accredited warehouses are 3557 tonnes and 60 MT are in process as on 20 June 2016.Even though arrivals were up Thursday, they are lower compared to last year, indicating lesser availability of stocks in the market. •In Rajasthan, arrivals were pegged at 5,000 bags (1 bag = 40 kg), up from 4,000 bags on Wednesday. Arrivals ranged from 9,000 to 13,000 bags in the previous year during this period. •The spice was sold for 7,800-7,900 rupees per 100 kg, up 100-150 rupees from Wednesday. •Total stocks of coriander in NCDEX accredited warehouses as on 22nd June 2016 stood at 3617 tonnes and 40 tonnes are in process.
✍GUAR SEED Guar seed closed at Rs. 3,073/quintal, down by 0.61%, whereas near month gum futures settled at Rs. 5,420/quintal, fell by 1.09%. Shrinking exports demand of gum amid weaker off take by millers pressurized the prices at futures platforms. Moreover, increased arrivals in Haryana also added negativity at spot as well as futures market. Total arrivals were reported around 480 MT at key trading centers in Haryana, where guar seed price was quoted at Rs. 2,830/quintal at Sirsa physical market. At NCDEX warehouses, stock position of guar seed and guar gum were reported 29,755 MT and 34,749 MT respectively as on 26 June 2016.
LEGAL DISCLAIMER This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisor 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.
DISCLOSURE High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company and all its representatives will not make any trades in the market. Clients are advised to consider information provided in the report as opinion only & make investment decision of their own. Clients are also advised to read & understand terms & conditions of services published on website. No litigations have been filed against the company since the incorporation of the company.
Disclosure Appendix: The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt. Ltd. All the views expressed in this report herein accurately reflects personal views about the subject company or companies & their securities and no part of compensation was, is or will be directly or indirectly related to the specific recommendations or views contained in this research report.
Disclosure in terms of Conflict of Interest: (a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no financial interest in the subject company and the nature of such financial interest; (b) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of one percent or more in the securities of the subject company, (c) High Brow Market Research Pvt. Ltd. or its associate has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
Disclosure in terms of Compensation: High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst's area of coverage. Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd.
Disclosure in terms of Public Appearance: (a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months; (b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report. (c) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company; (d) High Brow Market Research Pvt. Ltd. has never been engaged in market making activity for the subject company.