✍ MCX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29-DEC-2017
134
132.50
131
130.20
129.50
128.70
128
126.50
125
COPPER
28- FEB-2018
441.40
436.80
432.20
430
427.60
425.30
423
418.40
413.80
CRUDE OIL
18-DEC-2017
4033
3913
3793
3742
3674
3622
3559
3433
3313
GOLD
05-FEB -2018
29088
28900
28730
28630
28550
28460
28370
28190
28010
LEAD
29-DEC-2017
168.40
164.80
161.25
159.0
157.80
156.20
154.10
150.60
147.10
NATURAL GAS
26-DEC-2017
192.80
188.60
184.50
182.30
180.20
178
176.10
171.80
167.70
NICKEL
29-DEC-2017
750
735
721
713
706
699
693
679
665
SILVER
05-MAR-2018
38043
37710
37377
37216
37050
36883
36711
36380
36040
ZINC
29-DEC-2017
205.60
203.50
201.50
200
199.20
198.30
197.40
195.40
793.30
Monday 11 December 2017
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29-DEC-2017
145.10
140.25
135.40
132.50
130.55
127.55
1125.50
120.85
116
COPPER
28- FEB-2018
509
480
456
441
432
418
408
385
361
CRUDE OIL
18-DEC-2017
4120
3974
3828
3760
3660
3610
3536
3390
3244
GOLD
05-FEB -2018
31155
30326
29557
29045
28770
28246
27960
27160
26360
LEAD
29-DEC-2017
189.70
179.70
169.80
164
160.50
154.10
149.90
139.90
130.10
NATURAL GAS
26-DEC-2017
258
234.60
210.70
195.30
186
171
162.90
139
115
NICKEL
29-DEC-2017
856
808
761
733
713
685
665
617
570
SILVER
05-MAR-2018
42030
40500
38970
38015
37450
36480
35900
34390
32853
ZINC
29-DEC-2017
234
223.70
213.10
206.10
202.30
195.10
191.60
180.90
170.20
✍ FOREX DAILY LEVELS DAILY USDINR
EXPIRY DATE 27-DEC-17
R4
R3
R2
R1
PP
S1
S2
S3
65.6150
65.25
64.900
64.700
64.550
00
0
0
S4
64.350
64.200
63.850
0
0
0
0
63.4850
EURINR
27-DEC-17
79.61
78.50
77.35
76.65
76.25
75.55
75.15
74.00
72.89
GBPINR
27-DEC-17
88.2250
87.85
87.500
87.250
87.100
86.900
86.750
86.350
85.9750
00
0
0
0
0
0
0
78.50
77.350
76.650
76.250
75.550
75.150
74.000
00
0
0
0
0
0
0
R3
R2
R1
PP
S1
S2
S3
S4
64.9500
64.7500
64.6500
64.60
64.500
64.450
64.250
64.10
00
0
0
0
50
JPYINR
27-DEC-17
79.6025
72.8975
✍ FOREX WEEKLY LEVELS WEEKLY
EXPIRY DATE
USDINR
27-DEC-17
R4 65.0950
EURINR
27-DEC-17
77.17
GBPINR
27-DEC-17
88.2250
JPYINR
27-DEC-17
58.9950
76.80
76.40
76.15
76.00
75.75
75.60
75.20
74.83
87.8500
87.5000
87.2500
87.10
86.900
86.750
86.350
85.97
00
0
0
0
50
57.15
56.750
56.550
55.900
55.30
00
0
0
0
50
58.4000
57.7500
57.4000
MCX - WEEKLY NEWS LETTERS ✍ BULLION Last week, spot gold prices declined by 2.5% while MCX gold prices declined by 3 percent. Gold prices declined to a four month low in the past week on optimism about passage of tax overhaul in the US. Although, the investment demand has seen uptick in the recent months with global holdings of gold-backed exchange-traded funds (ETF) rising by 9.1 tonnes to 2,357 tonnes in November, with the net inflows coming entirely from Europe, gold prices are moving lower on the assumption that rate hike in the FOMC meeting scheduled on 13-14th December will be as per market expectations. Besides, India's gold imports in November nearly halved from a year ago as a rise in the price of the yellow metal curbed retail buying for weddings in turn lower prices for gold. Spot silver prices declined 3.6 percent to close at $15.8 per ounce in line with decline in gold prices coupled with stronger dollar index. Weak base metals pack also exerted downside pressure on the metal. ON the MCX, silver prices declined 2.3 percent to close at Rs.37057 per kg SPDR Gold Trust GLD, the world's largest gold-backed exchanget raded fund, said its holdings stood at 842.81 tonnes, remain unchanged from previous business day. Holdings of the largest silverbacked exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10088.59 up 46.96 tonnes, from previous business day.
✍ BASE METAL Copper prices witnessed their worst one day fall as passage of US tax bill by both houses increased bets of reform sooner than expected, thereby boosting DX to highest since 2nd Oct’17. Also, sudden surge of more than 5 percent in LME warehouses in a day led to investors’ doubts regarding market tightness. However, Chinese imports data came to the rescue as arrivals of unwrought copper surged in November’17 to 470,000 tonnes, 42.3 percent from 330,000 tonnes in October’17 and up 23.7 percent from 380,000 tonnes in November’16 as stringent output curbs in the mainland nation boosted shipments of overseas metal.
Base metals traded mostly lower last week as investors take profit off the table cashing in gains for most of the year’s rally. Copper, Nickel, Aluminium, Lead have all fallen by more than 3 percent in the past week. MCX base metals traded lower in line with international trends.
� ENERGY WTI and MCX oil prices traded lower last week by 3 percent respectively on profit booking at higher levels. Sharp rise in U.S. inventories of refined fuel suggested demand may be flagging, while U.S. crude production hit another weekly record. Saudi Arabia, the world's top oil exporter, will supply full contractual volumes of crude to a North Asian refiner in January, unchanged from the previous month, a source with direct knowledge of the matter said on Monday. Kuwait's oil minister Essam alMarzouq said on Sunday that OPEC and other oil producers will study before June the possibility of an exit strategy from the global oil supply-cut agreement. President Vladimir Putin said on Friday that Russia was ready to sell gas to Saudi Arabia after he launched the first loading of liquefied natural gas (LNG) at the Novatek-led Yamal LNG project in the Arctic.
MCX TECHNICAL VIEW ✍ COPPER In this week, Copper prices will continue to be under pressure as global investors will closely watch FOMC and ECB monetary policy meeting for cues on future course. Also, China industrial production and retail sales are due on 14th Dec’17. We expect copper prices to fall even in today’s session, international markets are trading marginally higher by 0.11 percent at $6578.50 per tonne. SELL COPPER FEB BELOW 423 TGT 413 SL 428
� ZINC The primary trend is bearish on daily basis as displayed. As we can see the previous chart market price on its important support level and we are expecting market can break it support level. It’s facing near resistance level at Rs. 202 and support level at Rs. 198.50 .Below the support level we can see the next target near of Rs. 196 and Rs. 195. Investors can follow the sell on higher level strategy for intra day to mid term basis. Apart from this above the resistance level could see a test of level 205. SELL ZINC DEC BELOW 198.50 TGT 195.80 SL 200.10
✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
SYOREFIDR
19-JAN-2018
747.20
739.65
732.1
727.60
SYBEANIDR
19-JAN-2018
3229
3194
3159
RMSEED
19-JAN-2018
4175
4121
JEERAUNJHA
19-JAN-2018
22750
GUARSEED10
19-JAN-2018
TMC
20-APR-2018
PP
S1
S2
S3
S4
742.50
720.10
716.80
709.50
701.70
3142
3124
3105
3089
3054
3019
4067
4041
4013
3987
3959
3905
3851
22350
21950
21780
21500
21300
21150
20750
20350
4248
4110
3972
3922
3834
3784
3696
3558
3420
7840
7698
7556
7485
7410
7473
7272
7130
6988
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
DATE SYOREFIDR
19-JAN-2018
812.90
785.60
758.30
740.80
730.80
713.50
703.70
676.70
650
SYBEANIDR
19-JAN-2018
3320
3256
3193
3159
3130
3096
3067
3004
2941
RMSEED
19-JAN-2018
4659
4459
4260
4137
4061
3938
3862
3663
3464
JEERAUNJHA
19-JAN-2018
25050
23960
22870
22190
21780
21140
20650
19600
18510
GUARSEED10
19-JAN-2018
4650
4329
4133
4003
3860
3744
3615
3356
3097
TMC
20-APR-2018
8252
7970
7688
7551
7400
7269
7124
6842
6560
NCDEX - WEEKLY MARKET REVIEW ✍ SPICE COMPLEX Turmeric Apr futures closed lower on fresh selling by the Market Participants on expectation of good supplies from the new season. The supplies will be higher due to government auctions and lower exports data. The export of turmeric is down by 15.2% to 56,900 tonnes for the first 6 month of FY 2017/18 compared to last years’ exports. The arrivals have been higher during first 10 days in December this year to 10,130 tonnes compared to 3,372 tonnes last year same month according to Agmarknet data. NCDEX Jan Jeera falls on Friday on fresh selling initiated by the market participants at higher levels coupled with encouraging jeera sowing progress in Gujarat. In Gujarat, jeera acreage up by 50% to 2.7 lakh ha this year compared to 1.8 lakh ha last year as on 4 th Dec. As per government data, Jeera exports during first six month of FY 2017/18 (Apr-Sep) is 77,827 tonnes, up 8.4% compared to last year exports volume for the same period. India's jeera exports in Sep increase 110% on year to 14,742 tn. Jeera arrivals for the first 10 days of Dec down by 60% to 906.7 tonnes on year due to tight supplies and lower stocks
✍ OILSEED COMPLEX Mustard Jan futures continue to close lower for 5th consecutive day on Friday due to steady physical demand and reports of higher inventories with the traders and farmers. According to Mustard Oil Producers Association of India, mustard stock with Farmers & Processors as on 30th Nov’17 was at 13 lakh tonnes. Mills across the country crushed 475,000 tn of the oilseed in November, up nearly 6% on month. As per rabi sowing report from the government, the acreage of mustard, another major rabi crop, was at 59 lakh ha, down from 64 lakh ha a year ago. Rajasthan is the largest mustard growing state but the sowing pace is slower than last year at 20.6 lakh ha Vs 27.4 lakh ha. NCDEX Soybean futures closed lower for the second consecutive day on Friday mainly on fresh selling initiated by the market participants tracking spot prices. However, the trend looks positive due to reports of good physical demand as Soybean Processors Association of India (SOPA) increased its estimates of meal exports for 2017/18.
Moreover, earlier government has increased export incentives by 2% for all meals. According to SOPA, Soymeal exports from the country in 2017-18 (Oct-Sep) are seen rising to around 20 lakh tn from previous estimate of 15 lakh tn due to a recent rise in export incentives. India's soymeal exports during November surged to 207,630 tn from 97,750 tn a year ago. For Apr-Nov, exports of soymeal were estimated at 768,981 tn compared with 204,860 tn a year ago as per SEA monthly report. US Soybean settled 2-1/4 cents lower at $9.89-3/4 a bushel dropped 0.4 percent last week after rising in the previous four weeks mainly on improved weather conditions in Brazil and encouraging exports numbers
� OTHER COMPLEX Chana Jan futures plunge more than 6.3% last week as fresh selling is seen throughout the week due to improved sowing progress coupled with higher stocks in the country due to record imports. As per government data, India imported about 4.78 lakh tonnes of chana during April-Sep, up by 430% compared the last year imports. As per government sowing data, area under the rabi chana crop across the country was up 10.25% on year at 89.6 lakh ha as on last week. The acreage of chana in MP and Karnataka, the largest and the second-largest grower of pulse, was up 17.1% on year at 31.24 lakh ha, and up 38.2% on year at 13.3 lakh ha, respectively. To encourage farmers, govt. increase MSP by 10% to Rs. 4,400 per MCX Dec Cotton jumps higher by more than 2% on expectation of big fall in domestic output due to pink bollworm attacks in some states. Concerns about crop quality have also impacted prices. Cotton production in Telangana this year is feared to come down drastically as it estimated that pink bollworm ay have eat up 40% of the cotton crop. According to trade sources, about 60 lakh bales have arrived in the Indian markets this season compared to 47.3 lakh bales last year till Dec 1. ICE cotton fell on Friday after hitting an over seven-month high earlier in the session as investors took profits and as the U.S. dollar firmed.
NCDEX TECHNICAL VIEW � CARDAMOM MCX CARDAMOM futures last week closed above in important level of Rs.1000. Market is continuously trading on higher level indicating strong number of buyers. It is facing important resistance level at Rs.1070 above the level we believe that market can touch the level of Rs.1150 & Rs.1200. Traders can follow the buy on dips strategy. Momentum still positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. The MACD histogram is printing in the black with an upward sloping trajectory which points to higher prices for the Natural gas. BUY CARDAMOM ABOVE 1070 TGT 1150 SL 1010
� COTTON SEED OIL COCCUDAKL witnessed flat movement at NCDEX. Market is facing good support at the level of Rs. 1660 supported by 50 days moving average and getting bounce back and recently market has broken its trading range appearing on the chart image. Technically we believe that market can move higher from lower level and if market could break its trading range. Recently it is sustaining above important resistance of psychological number at Rs. 1600, it can move to the level of Rs. 1800 & Rs. 1900 . Also market also forming higher highs and higher low indicating upside momentum. RSI (Relative Strength Index) fluctuating in the buying zone on its daily chart indicating positive movement in upcoming sessions. BUY COCUDAKL JAN ABOVE 1670 TGT 1770 SL 1595
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