✍ MCX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31MAY 2016
111.65
110
108.35
107.35
106.70
105.70
105.05
103.40
101.75
COPPER
30 JUN 2016
333.25
328.90
324.55
322.35
320.20
318
315.85
311.50
307.15
CRUDE OIL
19 MAY 2016
3295
3186
3077
3027
2968
2918
2859
2750
2641
GOLD
03 JUN 2016
31526
31106
30686
30532
30266
30112
29846
29426
29006
LEAD
31MAY 2016
121.35
119.65
117.95
117.20
116.25
115.50
114.55
112.80
111.15
NATURAL GAS
25 MAY 2016
151.80
147.60
143.40
141.70
139.20
137.50
135
130.80
126.60
NICKEL
31MAY 2016
637.20
626.20
615.20
609.80
604.20
598.80
593.20
582.20
571.20
SILVER
05 JUL 2016
43667
42968
42269
42000
41570
41301
40871
40172
39473
ZINC
31MAY 2016
132.45
129.95
127.45
126.50
124.95
124
122.45
119.95
117.45
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31MAY 2016
125
119.30
113.65
110.05
108
104.40
102.40
96.70
91.05
COPPER
30 JUN 2016
392.75
370.55
348.35
334.25
326.15
312.05
303.95
281.75
259.55
CRUDE OIL
19 MAY 2016
3518
3339
3160
3068
2981
2889
2802
2623
2444
GOLD
03 JUN 2016
32292
31614
30936
30657
30258
29979
29580
28902
28224
LEAD
31MAY 2016
133.15
127.90
122.65
119.55
117.40
114.30
112.15
106.90
101.65
NATURAL GAS
25 MAY 2016
167.80
159.70
149.60
144.80
140.50
135.70
131.40
122.30
113.20
NICKEL
31MAY 2016
. 766.20
716..10
666
635.20
615.90
585.10
565.80
515.70
465.60
SILVER
05 JUL 2016
46887
45207
43527
42629
41847
40949
40167
38487
36807
ZINC
31MAY 2016
146.65
139.85
133.05
129.30
126.25
122.50
119.45
112.65
105.85
Monday, 09 May 2016
WEEKLY MCX CALL BUY GOLD JUN ABOVE 30000 TGT 30300 SL 29700 SELL ZINC MAY BELOW 124.50 TGT 122.50 SL 126.50
PREVIOUS WEEK CALL SELL CRUDEOIL MAY BELOW 3020 TGT 2960 SL 3106 - MADE LOW OF 2894 BUY LEAD MAY ABOVE 120.50 TGT 122.30 SL 119.20 - NOT EXECUTED.
✍ FOREX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
27 MAY 2016
67.10
67
66.90
66.85
66.80
66.75
66.65
66.60
66.55
EURINR
27 MAY 2016
76.95
76.75
76.55
76.45
76.30
76.25
76.10
75.90
75.65
GBPINR
27 MAY 2016
98.05
97.65
97.25
97.05
96.85
96.65
96.45
96.05
95.65
JPYINR
27 MAY 2016
63.20
62.95
62.70
62.55
65.45
62.30
62.15
61.90
61.65
✍ FOREX WEEKLY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
27 MAY 2016
68.1 0
67.65
67.20
67
66.75
66.55
66.35
65.90
65.45
EURINR
27 MAY 2016
80.1 5
78.95
77.80
77.10
76.65
75.90
75.45
74.30
73.15
GBPINR
27 MAY 2016
102. 70
100.85
99.05
97.95
97.25
96.15
95.40
93.60
91.80
JPYINR
27 MAY 2016
65.4 5
64.50
63.50
63
62.55
62
61.60
60.60
59.65
WEEKLY FOREX CALL
SELL GBPINR MAY BELOW 96.40 TGT 95.70 SL 97.10 SELL USDINR MAY BELOW 66.80 TGT 66.40 SL 67.20 PREVIOUS WEEK CALL SELL EURINR MAY BELOW 76.25 TGT 75.90 SL 76.61 - NOT EXECUTED. SELL GBPINR MAY BELOW 97.29 TGT 96.80 SL 97.76 - TGT ACHEIVED.
✍NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 JUN 2016
677
669
661
658
653
650
645
637
629
SYBEANIDR
20 JUN 2016
4201
4153
4105
4079
4057
4031
4009
3961
3913
RMSEED
20 JUN 2016
4665
4592
4519
4491
4446
4418
4373
4300
4227
JEERAUNJHA
20 JUN 2016
18200
17840
17480
17275
17120
16915
16760
16400
14040
CHANA
20 JUN 2016
5924
5817
5710
5660
5603
5553
5496
5389
5282
✍NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 JUN 2016
707
689
671
663
653
645
635
617
599
SYBEANIDR
20 JUN 2016
4495
4358
4221
4137
4084
4000
3947
3810
3673
RMSEED
20 JUN 2016
4881
4729
4577
4520
4425
4368
4273
4121
3969
JEERAUNJHA
20 JUN 2016
21190
19890
18585
17825
17285
16525
15975
14675
13365
CHANA
20 JUN 2016
6156
5962
5768
5689
5574
5495
5380
5186
4992
WEEKLY NCDEX CALL SELL CHANA JUN BELOW 5659 TGT 5578 SL 5733 BUY DHANIYA JUN ABOVE 7240 TGT 7350 SL 7124 PREIOUS WEEEK CALL BUY REFSOYA JUN ABOVE 658.50 TGT 668 SL 648 -NOT EXECUTED. BUY CHANA JUN ABOVE 5581 TGT 5681 SL 5478 - MADE HIGH OF 5643.
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS ✍Major News The step down in job gains could temper expectations of a strong rebound in economic activity in the second quarter after growth nearly stalled in the first three months of the year.U.S. oil drillers cut rigs for a seventh week in a row to the lowest level since October 2009, oil services company Baker Hughes Inc said Friday, although as analysts see an end to the nearly two-year slump in drilling for new wells. Drillers cut four oil rigs in the week to May 6, bringing the total rig count down to 328, that compares with the 668 rigs operating a year ago, Baker Hughes said in its closely followed report.The Federal Reserve might still raise U.S. interest rates twice this year, New York Federal Reserve President William Dudley said on Friday. Two rate hikes remain a "reasonable expectation" despite hiring data for April that was lower than investors expected, Dudley said in an interview with the New York Times.US Nonfarm payrolls increased by 160,000 jobs last month as construction employment barely rose and the retail sector shed jobs for the first time since December 2014, the Labor Department said on Friday. The unemployment rate held at 5.0 percent last month that was because people dropped out of the labor force.
✍Bullion The U.S. economy added the fewest number of jobs in seven months in April and Americans dropped out of the labor force, signs of weakness that left some economists anticipating only one interest rate hike from the Federal Reserve this year. Nonfarm payrolls increased by 160,000 jobs last month as construction employment barely rose and the retail sector shed jobs for the first time since December 2014, the Labor Department said on Friday. Though the unemployment rate held at 5.0 percent last month that was because people dropped out of the labor force. The step down in job gains could temper expectations of a strong rebound in economic activity in the second quarter after growth nearly stalled in the first three months of the year. The Labor Department report showed the U.S. economy added 160,000 jobs in April, the fewest in seven months, and Americans dropped out of the labor force in droves, signs of weakness that cast doubts on whether the Fed will lift rates before the end of the year. Spot prices are up 21 percent this year on expectations the Fed will delay further rate hikes. Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding bullion. U.S. short-term interest rate futures contracts rose after the payrolls data, suggesting traders see a better chance the Fed will wait longer to act. Investor sentiment toward gold showed signs of optimism. Assets of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose to the highest in over two years on Thursday at 829.44 tonnes.Gold jumped 1 percent on Friday after U.S. non-farm payrolls data for April came in weaker than expected, boosting expectations the Federal Reserve will delay further interest rate increases.
✍Energy Oil prices edged up on Friday, supported by an early dip in the dollar and a wildfire that has shrunk Canadian oil sands crude output by a third, but Brent still ended with its sharpest weekly drop in four months as investors cashed out of April's big rally. Crude oil prices rose by 0.31 per cent on Thursday as regional investors took a drop in US production as bullish. Investors digested the sharpest one-week production decline in US production in nearly a year and a stronger than expected build in domestic crude stockpiles last week. At the MCX, crude oil futures for May 2016 contract were trading at Rs. 2,978 per barrel, up by 2.65 per cent, after opening at Rs.
2,925 against the previous closing price of Rs. 2,901. It touched the intra-day high of Rs. 2,985 till the trading. (At 12.45 PM today). However, gains were limited after the US Energy Information Administration (EIA) said in its Weekly Petroleum Status Report that US commercial crude inventories increased by 2.8 million barrels for the week ending on April 29 in comparison with the previous week indicating that the demand for the commodity in US, world’s largest consumer of crude oil is weak.
✍Base Metal Tracking a weak trend in base metals overseas and subdued domestic demand, copper prices fell by 0.79% to Rs 333.30 per kg in futures trade today, as traders trimmed positions. Analysts attributed the fall in copper futures to a weak trend in base metals following disappointing China's latest PMI data. China's April official manufacturing purchasing managers index fell to 50.1 from 50.2 in March, signalling a modest weakening of momentum for the world's second-largest economy despite easy-credit policies and a stronger real-estate market. At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.65, or 0.79%, to Rs 333.30 per kg, in a business turnover of 1,290 lots. The metal for delivery in far-month August also fell by a similar margin to trade at Rs 337.65 per kg in a turnover of nine lots. Nickel gained more than 11 percent last month on speculation over the potential for improved demand from stainless steel mills in China. .Nickel futures were trading higher during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for Nickel from alloy-makers in the domestic spot market. However, the gains in the metal were restricted by diminishing hopes over a pickup in demand from China, the world’s biggest metals consumer, as the country’s private sector activity expanded at a slower pace in April, with the Composite PMI falling to 50.8 in April from 51.3 in March, but remaining above the neutral 50-mark. Nickel futures for May 2016 contract, at MCX, were trading at Rs 603.20 per kg, up by 0.92 per cent after opening at Rs. 599, against the previous closing price of Rs. 597.7. It touched the intra-day high of Rs. 604.50. Zinc prices fell by 0.36 per cent as speculators reduced positions in the midst of a weak trend globally. Price further fell due to low demand in domestic spot markets. Zinc futures for May 2016 contract, at MCX, were trading at Rs 123.45 per kg, down by 0.36 per cent after opening at Rs. 123.85 against the previous closing price of Rs. 123.90. It touched the intra-day low of Rs.123.40 till the trading. (At 11.26 AM today). However, losses were limited due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks falls to 396400 metric tonnes as on May 6, 2016. Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany. Lead prices fell by 0.94 per cent at the domestic markets due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 550 metric tonnes to 174675 metric tonnes as on May 5, 2016. At the MCX, Lead futures, for the May 2016 contract, is trading at Rs 116.30 per kg, down by 0.94 per cent, after opening at Rs 117.25, against a previous close of Rs 117.40. It touched an intra-day low of Rs 116.10 till the trading. Prices also fell due to low demand from battery-makers and other consuming industries at the domestic spot market as well as a weak trend at the global market.
✍ NCDEX - WEEKLY NEWS LETTERS ✍Major News India has received foreign direct investment (FDI) of $397.08 million in the last four years for promotion of its agriculture sector, with maximum inflows from Mauritius followed by Singapore and Germany. Foreign investment of $397.08 million was received for promoting the country's agriculture sector during April 2012 and February 2016. Maximum inflow of $141.69 million FDI was from Mauritius, followed by Singapore $119.95 million, Germany $25.74 million, France $20.71 million and the US $20.60 million in the said period, he said. The minister placed the FDI inflow data of 30 countries before the Upper House. Under the MoU signed with Israel, the minister said the action plan for 2015-18 is under way and centres of excellence for vegetables and fruits and integrated bee keeping development, among others, will be set up in 21 states.The technology transfer and training is provided by Israeli experts through their visits to India. Indian scientists and experts also visit Israel to get training before imparting technology at the field level in areas of energy-efficient green houses, precision irrigation and recycling of domestic waste for irrigation, among others, he added.
✍Jeera Jeera prices closed lower by 0.5 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for May 2016 contract closed at Rs. 16,845 per quintal, down by 0.5 per cent, after opening at Rs. 16,890 against the previous closing price of Rs. 16,930. It touched the intra-day low of Rs. 16,820. According to Department of Commerce data, the export of jeera during Apr until Jan 2015-16 is 71983 tonnes, compared to 137742 tonnes during the same period last year. Stock positions at the NCDEX accredited warehouses are 3540 tonnes and 170 MT are in process as on 4 th May 2016.
✍RM Seed Mustard seed prices closed higher by 0.48 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At the NCDEX, mustard seed futures for May 2016 contract closed at Rs. 4,390 per quintal, up by 0.48 per cent, after opening at Rs. 4,361 against the previous closing price of Rs. 4,369. It touched the intra-day high of Rs. 4,404.
✍Chana Chana prices closed higher 0.44 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for May 2016 contract closed at Rs. 5,527 per quintal, up by 0.44 per cent, after opening at Rs. 5,510 against the previous closing price of Rs. 5,503. It touched the intra-day high of Rs. 5,578. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. Central government has given instruction on Wednesday to import 26000 tonnes of pulses form April onwards and out of which 10000 tonnes of pulses have already reached in the country. In
order to reduce the prices of pulses in Delhi central government has supplied 400 tonnes of urad and tur which would be sold at Rs.120 per Kg through central repository outlets from Wednesday. According to food ministry in the country during 2015-16, pulses import has been 58 lakh tonnes while during 2014- 15, it was 46 lakh tonnes.However despite the high import of pulses, it is lower than the demand.Total supply of pulses in the country during the year 2015-16 is recorded about 229 lakh tonnes while the demand is about 237 lakh tonnes. According to latest data from the Canadian Grain Commission, during the week ended April 24 Canada has exported 30,400 tonnes of peas and only 200 tonnes of lentils.
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