✍ MCX DAILY LEVELS DAILY
EXPIRY DATE R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31 DEC 2015
104
103
102
101
100
99
98
97
96
COPPER
29 FEB 2015
319
317
315
313
311
309
307
305
303
CRUDE OIL
18 DEC 2015 2760 2740
2720
2700
2680
2660
2640
2620
2600
GOLD
05 FEB 2015 2588 25830 0
25770
25720
25650
25600
25550 25500
LEAD
31 DEC 2015
117
116
115
114
113
112
111
110
109
NATURAL GAS 28 DEC 2015
149
148
147
146
145
144
143
142
141
62
622
618
614
610
604
600
596
592
35320
35220
35100
35000
34900
34800
34700
106
105
104
103
102
101
100
NICKEL
31 DEC 2015
25450
6 SILVER ZINC
04 MAR 2015 3552 35420 0 31 DEC 2015 108
107
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31 DEC 2015
107
105
103
101
99
97
95
93
91
COPPER
29 FEB 2015
323
320
317
314
311
308
305
302
299
18 DEC 2015 2820
2780
2740
2700
2660
2630 2600
2570
2540
GOLD
05 FEB 2015 26050 25950
25850
25750
25650
25550
25450
25350
25250
LEAD
31 DEC 2015
120
118
116
114
112
110
108
106
104
NATURAL GAS 28 DEC 2015
153
151
149
147
145
143
141
139
137
645
635
625
615
605
595
585
575
35550
35350
35150
35000
34800
34600
34400
108
106
104
102
100
98
96
CRUDE OIL
NICKEL
31 DEC 2015
SILVER
04 MAR 2015 35950 35750
ZINC
31 DEC 2015 112
110
565
WEEKLY MCX CALL SELL ZINC DEC BELOW 102 TGT 100 SL 104
PREVIOUS WEEK CALL SELL GOLD FEB BELOW 25100 TGT 24950 SL 25253- SL TRIGGERED. SELL ZINC DEC BELOW 103.30 TGT 102.30 SL 105.20 - MADE LOW OF 102.60
✍ FOREX DAILY LEVELS DAILY
EXPIRY DATE R4 68
R3
R2
R1
PP
S1
S2
S3
S4
67.60
67.35
37.20
67.05
66.85
66.75
66.45
66.10
102.65
102
101.60
101.35
100.95
100.70
100.05
99.40
USDINR
29 DEC 2015
GBPINR
29 DEC 2015 103. 30
EURINR
29 DEC 2015 75.3 74.55 0
73.75
73.30
73.00
72.55
72.25
71.50
70.74
JPYINR
29 DEC 2015 55.8 55.45 5
55.05
54.80
54.65
54.40
54.25
53.85
53.45
R2
R1
PP
S1
S2
S3
S4
✍ FOREX WEEKLY LEVELS DAILY
EXPIRY DATE R4
R3
USDINR
29 DEC 2015 68.7 68.20 0
67.70
67.20
66.80
66.40
66
65.60
65.20
GBPINR
29 DEC 2015 106. 104.85 80
102.85
102.05
100.95
100.09
98.95
97
95.05
EURINR
29 DEC 2015 80.8 78.00 5
75.15
73.95
72.35
71.15
69.345
66.62
63.75
JPYINR
29 DEC 2015 56.7 55.95 0
55.25
54.90
54.55
54.15
53.80
53.00
52.35
WEEKLY FOREX CALL SELL EURINR DEC BELOW 72.50 TGT 71.50 SL 73.50
PREVIOUS WEEK CALL SELL GBPINR DEC BELOW 100.76 TGT 100.10 SL 101.35 - TGT ACHEIVED
✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 JAN 2015
656
648
640
637
632
629
624
616
608
SYBEANIDR
20 JAN 2015
3980
3912
3844
3807
3776
3739
3708
3640
3572
RMSEED
20 JAN 2015
5102
5022
4942
4898
4862
4818
4782
4702
4622
JEERAUNJHA
20 JAN 2015
16615 16415
16215
16100
16015 15900 15815 15615
15415
CHANA
20 JAN 2015
5099
5019
4939
4891
4859
4811
4779
4699
4619
CASTORSEED
20 JAN 2015
4113
4055
3997
3968
393
3910
3881
3823
3765
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 JAN 2015
693
671
649
642
627
620
605
583
561
SYBEANIDR
20 JAN 2015
4476
4259
4042
3906
3825
3689
3608
3391
3174
RMSEED
20 JAN 2015
5275
5143
5011
4933
4879
4801
4747
4615
4483
JEERAUNJHA
20 JAN 2015
17771 17211 16651
16318
16091 15758 15531 14971
14411
CHANA
20 JAN 2015
5465
5256
5047
4945
4838
4736
4629
4420
4211
CASTORSEED
20 JAN 2015
4238
4139
4040
3989
3941
3890
38/42
3743
3644
WEEKLY NCDEX CALL SELL TMC JAN BELOW 10050 TGT 9750 SL 10350
PREVIOUS WEEK CALL BUY JEERA JAN ABOVE 16550 TGT 16900 SL 16200 - NOT EXECUTED.
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS � PRECIOUS METAL
1.
Goldman Sachs said on Friday that oil prices will likely remain "lower for even longer," as OPEC members failed to agree on a new production ceiling at the cartel's meeting in Vienna.
2.
U.S. employment increased at a healthy pace in November, in another sign of the economy's resilience, and will most likely be followed by the first Federal Reserve interest rate rise in a decade later this month.
3.
OPEC members failed to agree an oil production ceiling on Friday at a meeting that ended in acrimony, after Iran said it would not consider any production curbs until it restores output scaled back for years under Western sanctions.
4.
U.S. energy firms this week cut oil rigs for the 13th week in the last 14, data showed on Friday, a sign drillers were still waiting for higher prices before returning to the well pad.
Gold Prices of standard gold increased 1.5 per cent in Zaveri Bazaar (in Mumbai) on Saturday following similar moves in global markets. Better-than-expected US job data removed doubts over interest rate hike as scheduled by the United States Federal Reserves (US Fed) later this month resulting in favorable trade sentiment towards bullion. On Saturday, standard gold saw an increase of Rs 390 to close at Rs 25,765 per 10 gram. This resulted in the flight of buyers from the Street. Since a section of traders had urged the government to reduce interest rate from the existing 10 per cent to two per cent, consumers abstained from fresh buying amid expectations of a decline in prices.In London, gold price jumped 2.32 per cent to settle at $1,086.84 (about Rs 72,436) an oz on Friday as compared to $1,062 (about 70,780) an oz the previous day on better-than-expected US job data. Gold for delivery in February 2016 on Comex division of the New York Mercantile Exchange was up to $1,062 an oz as against $1,068 (Rs 71,180) before the release of the data. The US economy added 211,000 jobs last month against 201,000 jobs with an employment rate remained unchanged at five per cent. For October, however, the US government revised employment number upwards to 298,000 from 271,000 announced earlier, making the normalisation of US monetary policy from the month’s FOMC meeting a near certainty. The dollar responded positively and climbed 0.5 per cent to 1.0894 against the euro. Silver also followed the trend and rose 3.12 per cent to close in London at $14.55 (about Rs 969.7) an oz on Friday as against $14.11 (about Rs 940.4) an oz the previous day. In local markets too, silver moved up 1.78 per cent to close at Rs 34,900 a kg on Saturday from the
level of Rs 34,290 a kg on Friday. “Positive employment data paves the way for an imminent interest rate hike by the US Fed on December 16, which would be positive for dollar and negative for gold. Since dollar is set to strengthen, the price decline in gold would hardly benefit Indian consumers being the rupee weakening against the dollar," said an analyst. In local currency, therefore, gold is set to touch Rs 26,000 per 10 grams once again in short term before falling to near recent bottom.
Copper Copper prices fell 0.48% in futures trade today amid a weak trend in the global market and subdued domestic demand. At the Multi Commodity Exchange, copper for delivery in far-month April next year shed Rs 1.50, or 0.48%, to Rs 308.35 per kg in a business turnover of one lot.On similar lines, metal for delivery in February was down by Rs 1.40, or 0.45%, to Rs 308.35 per kg in 330 lots.Analysts attributed the fall in copper futures to weak global cues amid concerns about demand from China and the prospect of an imminent US rate hike and low demand at the domestic spot markets here. Globally, copper for delivery in three months retreated as much as 0.30% to $4,542 per tonne in Shanghai.
Lead Lead prices fell 0.18% to Rs 110.90 per kg in futures trading today due to sluggish demand from battery-makers in the spot market amid a weak global trend. At the Multi Commodity Exchange, lead for delivery in current month eased by 20 paise, or 0.18%, to Rs 110.90 per kg in business turnover of 214 lots.Metal for delivery in January next year month contracts shed 15 paise, or 0.13%, to Rs 111.65 per kg in six lots. Analysts said besides sluggish demand from battery-makers in the spot market, a weak trend in select base metals overseas amid concerns about demand from China and the prospect of an imminent US rate hike mainly kept pressure on lead prices at futures trade.
Nickel Nickel prices softened 0.45% to Rs 592.40 per kg in futures market today as speculators trimmed positions amidst a weak trend overseas and muted demand from alloy makers at the spot market. At Multi Commodity Exchange, nickel for delivery this month traded lower by Rs 2.70, or 0.45%, to Rs 592.40 per kg in a turnover of 320 lots. The metal for delivery in January next year weakened by Rs 1.30, or 0.22%, to Rs 600 per kg in six lots. Analysts said apart from subdued demand from alloy makers in the domestic spot market, weakness in select base metals in global market mainly weighed on nickel futures here.
Energy Natural gas futures ended little changed on Friday on weather forecasts calling for continued warmer-than-normal temperatures that will keep heating demand low through the middle of December. Traders noted the market so far remained unfazed by outlooks calling for easing production. U.S. production in the lower 48 states on Thursday fell below the same day a year ago for the first time since October 2013 as some Marcellus and Utica drillers have shut in production while they wait for prices in the region to rise or for pipelines to enter service to move their fuel to regions where prices are higher. Oil prices fell on Friday after news that the Organization of the Petroleum Exporting Countries was planning to maintain its production near record highs despite depressed prices, as OPEC continued to guard its share of an oversupplied market. The producer group failed to agree on a new production quota, allowing member countries to continue pumping more than 31 million barrels per day of oil, further swelling a global glut that has depressed oil prices for over a year. OPEC's announcement sent ripples through wider markets and dented shares of U.S. energy drillers already suffering from low prices, but losses in oil futures were limited as prices hit support around $40 a barrel. Saudi Arabia has been under pressure from OPEC's poorer members to cut output to bolster prices, which have dropped from over $100 a barrel since June 2014. But Saudi Arabia has been content to keep production up, which has squeezed profits for producers in non-OPEC countries, including the United States. Goldman Sachs analysts, which expect OPEC production to remain slightly above current output at 31.8 million barrels per day in 2016, said robust supply could help keep prices low until the fourth quarter of next year. Bullish wagers on U.S. crude oil from hedge funds and other big speculators fell to the lowest level in more than five years, data from the U.S. Commodity Futures Trading Commission (CFTC) showed.
� NCDEX - WEEKLY NEWS LETTERS Triggered by weather concerns and a rising dollar, prices of agricultural commodities are likely to remain volatile in 2016. With a rise in the first half of the calendar year, before erasing its entire gain by the end of the year. It forecasts agri commodity prices in the world market to rise up to 12 per cent by the end of June 2016. This would reflect a strong dollar's pressure, crude oil price weakness and potential for considerable weather-related production risks. The forecast indicates that excess supply of agri commodities due to record production in past years might not prevent a price rise but the gains could be capped. Agri commodity stocks remain comfortable and are expected to limit price gains to modest levels through 2016. But, weather and foreign exchange rates will remain volatile and are the key variables, presenting both opportunities and challenges for producers and consumers alike. With improved stock levels, we expect price volatility to remain below that of earlier years in
most markets. Most crops saw very good production levels in 2015, despite challenging growth conditions across regions. Despite large stocks in both origin and destination markets, prices are likely to remain susceptible to supply-side shocks. The Food and Agriculture Organization (FAO) of the United Nations has also forecast lower foodgrain output due to change in climatic conditions. Its latest study, issued early this month, shows world cereal production in 2015 around 2,530 million tonnes, about 1.1 per cent below the 2014 record. The 3.9 per cent rise in global food prices, fulled by a particularly powerful El Ni単o (weather condition), should serve as a reminder of the changing landscape of food security. By implementing long-term investments such as irrigation, drought tolerance varieties, diversification of food baskets, and social protection, and discouraging export restrictions that lead to food scarcity and hostility, we can focus on helping the millions in every country who remain hungry and malnourished.
Chana Chana prices were up 0.63 per cent to Rs 5,121 per quintal in futures trade on Wednesday as participants enlarged positions, triggered by tight stocks position at the spot market on restricted supplies from producing belts.At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 32, or 0.63 per cent to Rs 5,121 per quintal with an open interest of 43,440 lots.The January contract edged up by Rs 6, or 0.12 per cent to Rs 4,916 per quintal in 30,320 lots.Rise in chana prices to tight stocks position on restricted supplies from producing regions against upsurge in demand.
Jeera Jeera prices closed higher by 0.03 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for December 2015 contract closed at Rs. 15,825 per quintal, up by 0.03 per cent, after opening at Rs. 15,870 against the previous closing price of Rs. 15,820. It touched the intra-day high of Rs. 15,880. Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries.
Mustard seed Mustard Seed prices closed lower by 0.82 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for December 2015 contract closed at Rs. 4,725 per quintal, down by 0.82 per cent, after opening at Rs. 4,766 against the previous closing price of Rs. 4,764. It touched the
intra-day low of Rs. 4,714. Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity.
Castorseed Castorseed prices rose by 0.55 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for December 2015 contract were trading at Rs. 3,868 per quintal tonnes, up by 0.55 per cent, after opening at Rs. 3,852 against the previous closing price of Rs. 3,847. It touched the intra-day high of Rs. 3,874 till the trading.
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