✍ MCX DAILY LEVELS DAILY
EXPIRY DATE R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31 AUG 2015 103
101
101
100
99
98
97
96
95
COPPER
31 AUG 2015 344
339
334
331
329
326
324
319
314
CRUDE OIL
19 AUG 2015 3058 2986
2914
2869
2842
2797
2770
2698
2626
GOLD
05OCT 2015 2568 25412 7
25137
25015
24862 24740
24587
24312
24037
LEAD
31 AUG 2015 117
114
112
110
109
108
106
103
101
NATURAL GAS 26 AUG 2015 190
186
182
180
178
176
174
170
166
722
708
700
694
686
680
666
652
34765
34412
33991
33638
33217
32443
31669
120
119
118
117
116
115
114
NICKEL
31 AUG 2015 736
SILVER
04 SEP 2015 3631 35539 3
ZINC
31 AUG 2015
122 124
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31-AUG-2015
31 AUG
112
108
104
102
100
98
96
92
COPPER
31-AUG-2015
31 AUG
357
348
339
334
330
325
321
312
CRUDE OIL
19-AUG-2015
19 AUG
3551
3331
3111
2967
2891
2747
2671
2451
GOLD
05-OCT-2015
05 OCT
26247
25762
25277
25085
24792
24600
24307
23822
LEAD
31-AUG-2015
31 AUG
121
117
113
111
109
107
105
101
NATURAL GAS 26-AUG-2015
26 AUG
205
196
187
183
178
174
169
160
NICKEL
31-AUG-2015
31 AUG
761
739
717
704
695
682
673
651
SILVER
04-SEP-2015
04 SEP
36961
35944
34927
34493
33910
33476
32893
31876
ZINC
31-AUG-2015
31 AUG
137
131
125
121
119
115
113
107
✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 OCT 2015
583
574
565
562
556
553
547
538
529
SYBEANIDR
20 OCT 2015
3245
3185
3125
3097
3065
3037
3005
2945
2885
RMSEED
18 SEP 2015
4290
4228
4166
4127
4104
4065
4042
3980
3918
JEERAUNJHA
18 SEP 2015
15746 15456
15166
15043
14876 14753 14586 14296
14006
CHANA
18 SEP 2015
4748
4620
4492
4444
4364
4316
4236
4108
3980
CASTORSEED
18 SEP 2015
4178
4135
4092
4066
4049
4023
4006
3963
3920
R3
R2
R1
PP
S1
S2
S3
S4
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
SYOREFIDR
20-AUG-2015 20 OCT 2015
588
577
566
562
555
551
544
533
SYBEANIDR
20-AUG-2015 20 OCT 3473 2015
3344
3215
3142
3086
3013
2957
2828
RMSEED
18-SEP-2015 18 SEP 4604 2015
4448
4292
4190
4136
4034
3980
3826
JEERAUNJHA
18-SEP-2015 18 SEP 17990 2015
17015
16040
15480 15065 14505 14090
13115
CHANA
18-SEP-2015 18 SEP 5635 2015
5241
4847
4622
4453
4228
4059
3665
CASTORSEED
18-SEP-2015 18 SEP 4350 2015
4250
4150
4095
4050
3995
3950
3850
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS
� Gold Continuing its slide for a fourth consecutive day, gold prices on Thursday dipped below Rs 25,000, having lost Rs 40 to trade, reaching its lowest in over four-year at Rs 24,980 per 10 grams (g) at the domestic bullion market.The precious was trading at five-year lows in the global market. There was an easing of demand from jewelers too, as retailers deferred their buying plans in the hope of further dip in the yellow metal prices. On the other hand, silver managed to recover some grounds on the back of scattered demand from consuming industries and rose by Rs 100 to Rs 33,800 per kg. Bullion traders saw a weak trend in gold where it traded at nearly five-year lows in global markets in anticipation of a possible rate hike by the US Federal Reserve in coming months.The sentiment lifted dollar, eroding demand for the precious metal as an alternative investment, and dragged down gold prices to over four-year lows in the national capital. Drying up of demand from retailers as well as jewelers on hopes of further dip in prices too dampened trading sentiments. Globally, gold in Singapore, which normally determines price trend on the domestic front, was trading lower at USD 1,085.08 an ounce, near the lowest level in five years.In the national capital, gold of 99.9 and 99.5 per cent purity fell by Rs 40 each to Rs 24,980 and Rs 24,830 per 10 grams respectively, its weakest level since August 6, 2011.The precious metal has now lost Rs 280 in last three days. Strengthening dollar, possible hike in rates by the US Fed and considerable fall in demand, dragged down the precious metal below the psychological Rs 25,000-mark. Tracking gold, sovereign fell by Rs 100 to close at Rs 22,100 per piece of eight grams.In contrast, silver ready managed to close higher by Rs 100 to Rs 33,800 per kg and weekly-based delivery by Rs 135 to Rs 33,565 per kg.Silver coins remained unchanged at Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.
� Silver Tracking a weak global trend, silver prices moved down Rs 36 to Rs 33,445 per kg in futures trade on wednesday as speculators cut down bets.At Multi Commodity Exchange, silver for delivery in September contracts declined Rs 36, or 0.11%, to Rs 33,445 per kg in a business turnover of 300 lots.Also, the white metal for delivery in far-month December contracts eased Rs 27, or 0.08%, to Rs 34,199 per kg in three lots. Speculators trimmed bets following a weak global trend after a voting member of the US Federal Reserve said the central bank is close to raising interest rates, lifting the dollar to a four-month high.
✍ Zinc Supported by a firming trend overseas and pickup in domestic demand, zinc futureson thurday edged up 0.25% as participants built up positions.At Multi Commodity Exchange, zinc for delivery in August gained 30 paise, or 0.25%, to Rs 121 per kg with a business turnover of 691 lots.The metal for delivery in September contracts rose by a similar margin to Rs 121.75 per kg in a business turnover of 16 lots.Fresh positions created by speculators on the back of improved demand at the spot market and gains in base metals in global market, supported the upside in zinc futures.
✍ Nickel Nickel futures traded lower by 0.28% to Rs 701.20 per kg largely in tune with weak overseas trend amidst subdued demand from alloy-makers at domestic spot markets on wednesday.At the Multi Commodity Exchange, nickel for delivery in September weakened by Rs 2, or 0.28%, to Rs 701.20 per kg in a business turnover of 36 lots.Similarly, the metal for delivery in August was down by Rs 1.90, or 0.27%, at Rs 694.20 per kg in 683 lots.It can be said ,part from weak demand from alloy makers at domestic spot markets, a weak trend in the base metals pack at the London Metal Exchange on speculation US interest rates will be increased as soon as next month weighed on nickel prices at futures trade here.
✍ Crude Oil Oil prices looked set to continue a multi- week decline in Asian trade on friday on concerns over a global oversupply of crude and mixed prospects for energy demand. US benchmark West Texas Intermediate (WTI) for September delivery was at $44.83, down from $47.12 a week ago, and on course for its eighth consecutive week of declines.Brent crude for September, meanwhile, was trading at $49.73 compared to $52.21 last week, and set for a sixth straight weekly fall.In Asian trade through the day, both contracts were up slightly, with WTI rising 17 cents from $44.66 in New York and Brent gaining 21 cents from $49.52.A glut of crude oil supply is seen as the main driver for a sharp decline in oil prices that has seen crude fall about 50% from mid-2014 levels.The risks remain substantially skewed to the downside." The United States is producing crude at high levels and output by the Organisation of the Petroleum Exporting Countries (OPEC) continues to exceed the cartel's quota of 30 million barrels per day.In addition, investors were looking ahead to additional supplies of oil coming into the market as part of last month's historic deal between six major powers and Iran over its nuclear programmed.In exchange for curbing its nuclear activities, Tehran will see the lifting of sanctions, which have slashed its oil exports.
✍ NCDEX - WEEKLY NEWS LETTERS ✍ Agri Update Beside the export of traditional agricultural products like spice and sugar, Indian companies can now look forward to supplying high-quality foodstuff to China, with consumers there becoming more quality conscious. “Indian companies can scout for business opportunities in China E-commerce there has grown to 10 per cent of retail sales. Last year, China’s per capita income was $7,500 per annul; measured by purchasing power parity, it was $13,000-14,000. Despite a slowing economy, consumption remains a main driver. Higher disposable income has also has made consumers more choosy about quality, safety and protein rich products. Several incidences of issues emerging in food safety were reported in China. This is another reason why more Chinese companies source good brands, mainly from the US and Europe. China’s economy is now expected to grow at six to seven per cent annually till it stabilize, a new normal for the economy. He foresees further consolidation in China’s food and agriculture sector. It will increase import of soybean and feed-grain. At the downstream side, e-commerce will continue to play a big role. “There are enormous opportunities in China for foreigners to invest or tie-up with local companies, and Indian companies can look forward for such opportunities. Products in this regard include high-value dairy, cashew, processed seafood, basmati rice and sesame seeds.
✍ Vegetable prices up on lower supply Vegitable prices shot up sharply in the last one month due to supply disruptions in major producing centers following heavy rainfall that affected the plying of trucks.While bitter gourd is costlier by 140 per cent in one month and was trading at Rs 2,400-3,200 a quintal on Monday,cauliflower and brinjal firmed by 117 per cent and 67 per cent, respectively, to Rs 1,300-1,600 a quintal and Rs 1,000-1,200 a quintal. Vegetable sowing was initially disrupted in Maharashtra and Gujarat by two dry weeks in July and thereafter floods in Gujarat and heavy rainfall in Maharashtra damaged seedlings. Traders estimate lower vegetable output this year.In the absence of customers, vegetables prices decline. They rise when customer turnout is higher. Arrivals have been normal.Data compiled by the National Horticulture Board (NHB) showed arrivals of brinjal in Mumbai’s mandi had declined to 62 tonnes from 84 tonnes a month ago. Similarly, arrivals of cabbage slumped to 170 tonnes today from 195 tonnes on July 3. The deluge in Gujarat has disrupted supply of vegetables from the state. Arrivals from other states have also declined significantly.
Seed prices have gone up by 10-15%. Also, labour cost has doubled due to non availability of farm labour. So, farmers have no choice but to sell vegetables at high prices. This level of price will continue for two-four weeks until new season arrivals being in September. Nath Seeds’ Managing Director Satish Kagliwal confirmed that seed prices had gone up in those areas where rainfall remained short. Onion prices in the retail market here jumped to Rs 50 a kg on Monday, a rise of Rs 20 a kg, or 67 per cent, in the last one month. Total arrivals of onion were reported at 64.5 tonnes here on Monday against 90 tonnes a month ago.The season between July and September is crucial for vegetable prices as supply declines normally due to fewer trucks to ferry commodities from warehouses in the hinterland. Truckers fear being stalled in mud.
✍ Castorseed Castorseed prices fell by 0.4 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for August 2015 contract was trading at Rs. 3,961 per quintal tonnes, down by 0.4 per cent, after opening at Rs. 3,981 against the previous closing price of Rs. 3,977. It touched the intra-day low of Rs. 3,948 till the trading.
✍ Jeera Jeera prices closed lower by 2.73 per cent on Wednesday 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 August 2015 contract closed at Rs. 14,800 per quintal, down by 2.73 per cent, after opening at Rs. 15,215 against the previous closing price of Rs. 15,215. It touched the intra-day low of Rs. 14,770.
✍ Chana Chana prices closed lower by 0.04 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for August 2015 contract closed at Rs. 4,581 per quintal, down by 0.04 per cent, after opening at Rs. 4,592 against the previous closing price of Rs. 4,583. It touched the intra-day low of Rs. 4,568. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
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