✍ MCX DAILY LEVELS DAILY
EXPIRY DATE R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31-AUG-2015 107
106
105
104
103
101
100
99
98
COPPER
31-AUG-2015 342
340
338
336
334
332
328
326
19-AUG-2015 3130 3110
3090
3070
3050
3020
3000
2980
2960
GOLD
05-OCT-2015
25200
25100
25000
24900
24800
24700
24600
LEAD
31-AUG-2015 113
112
111
110
109
108
107
106
105
NATURAL GAS 26-AUG-2015 184
182
180
178
176
174
172
170
168
715
710
705
700
695
690
685
680
34400
34300
34200
34000
33900
33800
33700
125
124
123
122
121
120
119
CRUDE OIL
2540 25300 0
NICKEL
31-AUG-2015 720
SILVER
04-SEP-2015 3460 34500 0
ZINC
31-AUG-2015 127
126
330
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31-AUG-2015 110
108
106
104
102
100
98
96
94
COPPER
31-AUG-2015 348
345
342
339
336
333
330
327
324
CRUDE OIL
19-AUG-2015 3170
3140
3110
3080
3050
3020
2990
2960
2930
GOLD
05-OCT-2015 24700 24500
24300
24100
24900
24700
24500
24300
24100
LEAD
31-AUG-2015 116
114
112
110
108
106
104
102
100
NATURAL GAS 26-AUG-2015 190
186
184
180
176
173
171
167
163
730
720
710
700
690
680
670
660
34600
34400
34200
34000
34800
34600
34400
126
124
122
120
118
116
114
NICKEL
31-AUG-2015 740
SILVER
04-SEP-2015 35000 34800
ZINC
31-AUG-2015 130
128
✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20-AUG-2015
577
575
573
571
569
567
565
563
561
SYBEANIDR
20-AUG-2015
3300
3280
3260
3240
3220
3200
3180
3160
3140
RMSEED
18-SEP-2015
4270
4260
4250
4240
4230
4210
4190
4170
1450
JEERAUNJHA
18-SEP-2015
15800 15700
15600
15500
15400 15300 15200 15100
15000
CHANA
18-SEP-2015
4720
4700
4680
4660
4640
4620
4600
4580
4560
CASTORSEED
18-SEP-2015
4110
4100
4090
4080
4070
4060
4050
4040
4030
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20-AUG-2015
581
579
576
573
570
567
564
561
558
SYBEANIDR
20-AUG-2015
3340
3310
3280
3250
3220
3190
3160
3130
3100
RMSEED
18-SEP-2015
4310
4280
4250
4220
4190
4160
4130
4100
4070
JEERAUNJHA
18-SEP-2015
16100 15900
15700
15500
15300 15100 14900 14700
14500
CHANA
18-SEP-2015
4750
4520
4690
4660
4630
4600
4570
4540
4510
CASTORSEED
18-SEP-2015
4150
4120
4090
4060
4030
4000
3970
3940
3910
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS 1.
The European Union's statistics office Euro stat said on Friday that consumer prices in the 19 countries sharing the euro rose by 0.2 percent year-on-year in July, as in June.
2.
China needs to ensure that risks presented by a slowing economy do not morph into social risks, the state planner said on Friday, acknowledging the problems the country faces should unemployment rise
3.
The U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor market slack.
4.
OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign of wavering in their focus on defending market share instead of prices.
✍ GOLD Gold continues to show the negative trend. Gold August contract is bearish for both short term and intra day at India's MCX. Gold has fallen back again after a brief recovery earlier this week which ended its worst losing streak in 20 years, after the Federal Reserve hinted at a rate rise in the near future pushed the dollar towards fresh multi-year highs. Federal Reserve rate-setters voted as expected on Thursday to keep rates on hold, but a shift in language in its statement fuelled speculation that its increasingly hawkish stance will lead to a hike at its next meeting in September. Despite ostensibly maintaining an equivocal position, the suggestion that risks to the economy are "nearly balanced" spurred markets and pushed the dollar up towards the high watermark reached earlier this year. Gold is quoted in dollars and a positive move in the greenback tends to put downward pressure on prices as it reduces buying power.
✍ CRUDE OIL Short term trend for MCX Crude Oil August contract is likely to be bearish. For intraday positive trend can be expected, Support for short term is at 2800 and resistance at 3250,
MCX Crude Oil August contract has been trading down by -0.32per cent to 3138 level at 10.52am on Thursday.Oil prices rose Wednesday on unexpected declines in U.S. crude-oil supplies and production. Prices have slumped this month on renewed fears that the global glut of crude oil could last longer than investors initially expected. This comes as production in the U.S. and elsewhere continues to exceed consumption. Wednesday's data offered some hints that the oversupply of crude oil is starting to shrink, but analysts warned that the trend might not continue and prices could resume their decline. Though refineries processed less crude into gasoline and other fuels compared with the week before, crude-oil inventories still declined due to a drop in imports and production. U.S. crude-oil production fell by 145,000 barrels a day to 9.4 million barrels a day, the largest one-week decline since October 2013. Excluding Alaska, which saw a small rise in output, the drop totaled 151,000 barrels a day.
Softer economic data out of Europe and China may indicate weak demand growth in the next couple of months. A Senate panel has approved energy legislation that would lift the 40-year-old ban on crude oil exports and open some areas of the Outer Continental Shelf to oil and gas exploration.
Oil futures finished lower Thursday, with U.S. prices logging their first loss in three sessions as pressure from strength in the U.S. dollar outweighed support from recent data showing sizable weekly declines in crude supplies and production.They were still poised for a weekly gain following Wednesday’s spike on news of weekly declines in both U.S. crude production and inventories.
� COPPER Copper slipped on Thursday, weighed down by a firmer dollar after the U.S. Federal Reserve set the scene for a possible interest rate rise and on jitters about China after its stock market retreated. China shares fell again on Thursday after a report that banks were trying to get to grips with their financial exposure to the stock market slump in June. A rise in LME copper inventories for the second straight day highlighted oversupply in the global market for the metal, used in construction and power. However, in a sign consumer demand in China was brightening, bonded copper premiums jumped by $10 to $85, before steadying on Thursday, taking premiums up to the highest since mid-March. Nickel also pressured by oversupply closed down after LME stocks rose again. x The Dollar Index extended gains against the other major currencies on Thursday,
after data showing that U.S. economic growth accelerated in the second quarter added expectations for a rate hike later this year. The Commerce Department said U.S. gross domestic product expanded at an annual rate of 2.3% in the three months to June. First quarter growth was revised up to 0.6% from a previously reported contraction of 0.2%. The daily inventory data released by the London Metal Exchange (LME) showed a decline in the inventory levels of Aluminum, Lead and Zinc on Wednesday. Meanwhile, Copper and Nickel stocks rose on Wednesday. The weekly inventory data released by the Shanghai Futures Exchange (SHFE) showed a decline in the inventory levels of Lead and Zinc. Inventories of Copper, Aluminum and Nickel increased last week. Copper and Nickel ended lower on Thursday on MCX, tracking weak overseas prices.
✍ NCDEX - WEEKLY NEWS LETTERS ✍ AGRI UPDATE Agri markets staged a moderate recovery as firmness was seen for Spices, Guar and Oil complex after the recent huge dips. Crude Oil recovery supported market sentiments for Guar that had fallen a lot over last few months; Chana too recovered on lower stocks. Chana rates kept finding strong support at these levels on improved demand. Better sowing reports limited the uptrend however. Rates did find support from lower production, low stocks and improved demand. Spices firmed up as demand started rising at these very low levels; Oil complex rates found very strong support at these lower levels and supported further by recovery in International markets.
✍ SOYABEAN Sideways trend is likely for NCDEX Soybean futures in short term. Short term support NCDEX August contract is seen at 3200 and resistance at 3400. Futures market on Thursday ended with a soft note amid lack of positive trade leads from the major centres of MP. Developments in global soy bean markets continued generating nega-tive tone, and similar was the tendency in other Kharif oilseeds.Sowing reports continue to remain above normal as the latest government reports indicate the total sown area till 24th July has risen to 693.83 lakh ha vs 550.42 lakh ha same period last year. As regards area coverage under soybean cultivation as on date, the crop might cross 100 lakh hectares against last year’s total of 110 lakh hectares. The Monsoon has showed some revival in last few weeks therefore enhancing the likelihood of the crop condition.The Soybean Processors Association of India (SOPA) officials are currently expecting soybean production between 100 and 110 lakh hectares.
✍ CHANA Chana August contract is likely to trade bullish for short term and sideways for intra day. Short term support is seen at 4500 and resistance at 4700. As per latest Govt reports, the area under Kharif Pulses has risen to 55.99 lakh ha as on 17th July vs 23.92 lakh ha same period last year. Above normal rains in Central and South India have improved sowing, keeping prices down for Chana in June. Month of July however saw a bounceback as rainfall activities slowed down. That is however again expected to pick up in coming days. Import of pulses increased to fulfil domestic consumption after a fall in pulses production. As per latest estimate of Finance Ministry pulses import has risen more than 20% in May. India consumes around 253-240 lakh ton pulses annually but in 2014-15 pulses production has fallen to 173 lakh ton from 193 lakh tons in 2013-14 due to unfavourable weather indicating more import in coming months.In Australia, sowing of Chickpea continues and it should be finished by end of June as per sources. Weather condition in Australia is favourable therefore yields are likely to improve this year thereby making a decent surplus for exporting to leading consuming like India. Harvest of Chick-peas in Australia normally commences in September. Australian chickpea markets have firmed this year following last year’s crop failure in India. Australia normally exports around 95% of its chickpea crop to countries like India, Bangladesh and UAE.
✍ RM SEED Indian Oilseed complex prices closed mixed yesterday. Rupee ended flat. According to IMD, as of 29 July, monsoon rains in India were 3% below normal. It said rains in July and August could be less than normal. Kharif sowing progress - area of 14.30 million hectares were covered by oilseeds as of 24 July including 10.48 million hectares of Soybean crop. Soy meal exports from India were at 2,098 MT in June 2015 vs. 14,046 MT in May 2015 and 2,637 MT in June 2014. Total oilmeal exports in June 2015 were 137K MT vs. 121K MT in May 2015 and 207K MT in June 2014. India veg oil imports fell to 1.01 million MT in June from 1.35 million MT in May and 0.86 million MT in June 2014. According to 3rd Advance estimates for 2014-15 released by GoI, India’s output for Soybean is estimated at 10.70 million MT and that of RM Seed at 6.75 million MT.
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