✍ MCX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31 MAR 2016
112.65
111.30
109.95
109.05
108.60
107.70
107.25
105.90
104.55
COPPER
29 APR 2016
360.50
349.30
338.10
332.60
326.90
321.40
315.70
304.50
293.30
CRUDE OIL
18 MAR 2016
2838
2662
2486
2401
2310
2225
2134
1958
1782
GOLD
05 APR 2016
31127
30553
29979
29658
29405
29084
28831
28257
27683
LEAD
31 MAR 2016
131.45
127.60
123.70
122.30
119.90
118.45
116
112.20
108.30
NATURAL GAS
28 MAR 2016
137.30
132.30
127.30
124.50
122.30
119.50
117.30
112.30
107.30
NICKEL
31 MAR 2016
625.10
613.10
601.10
595.20
589.10
583.20
577.10
565.10
553.10
SILVER
05 MAY 2016
40070
38998
37926
37258
36854
36186
35782
34710
33638
ZINC
31 MAR 2016
129.50
126.70
123.90
122.60
121.10
119.80
118.30
115.50
112.70
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31 MAR 2016
116.90
114
111.10
109.65
108.15
106.75
105.30
102.40
99.50
COPPER
29 APR 2016
369.70
355
340.40
333.70
325.70
319.10
311.10
296.40
281.80
CRUDE OIL
18 MAR 2016
3116
2836
2556
2436
2276
2156
1996
1716
1436
GOLD
05 APR 2016
32763
31628
30493
29915
29358
28780
28223
27088
25953
LEAD
31 MAR 2016
136.95
131.15
125.35
123.10
119.55
117.30
113.75
107.95
102.15
NATURAL GAS
28 MAR 2016
156.30
145.60
134.90
128.30
124.20
117.60
113.50
102.80
92.10
NICKEL
31 MAR 2016
. 684.20
653.50
622.80
606
592.10
575.30
561.40
530.70
500
SILVER
05 MAY 2016
42530
40720
38910
37750
37100
35940
35290
33480
31670
ZINC
31 MAR 2016
136.05
131
125.95
123.60
120.90
118.60
115.80
110.80
105.75
Monday, 21 March 2016
WEEKLY MCX CALL SELL ZINC MAR BELOW 121 TGT 119 SL 123 SELL LEAD MAR BELOW 119 TGT 117 SL 121
PREVIOUS WEEK CALL SELL GOLD APR BELOW 29370 TGT 29080 SL 29653 - TGT ACHIVED
✍ FOREX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
29 MAR 2016
67.30
67.10
66.90
66.75
66.65
66.50
66.45
66.20
66
EURINR
29 MAR 2016
76.80
76.25
75.25
75.40
75.25
74.90
74.70
74.20
73.70
GBPINR
29 MAR 2016
98.90
98.10
97.25
96.70
96.45
95.90
95.60
94.80
93.95
JPYINR
29 MAR 2016
60.95
60.55
60.20
59.95
59.80
59.55
59.45
59.05
58.70
S1
S2
S3
S4
65.90
64.85
63.85
✍ FOREX WEEKLY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
USDINR
29 MAR 2016
70
69
67.95
67.25
66.90
EURINR
29 MAR 2016
78.2 5
77.25
76.20
75.65
75.15
74.60
74.15
73.10
72.10
GBPINR
29 MAR 2016
100. 95
100
98
97.10
96.05
95.15
94.10
92.10
90.15
JPYINR
29 MAR 2016
63.0 5
61.90
60.75
60.20
59.55
59.05
58.40
57.25
56.10
66.25
WEEKLY FOREX CALL SELL EURINR MAR BELOW 74.55 TGT 73.80 SL 75.32 PREVIOUS WEEK CALL BUY JPYINR MAR ABOVE 59.65 TGT 60.30 SL 59 - MADE HIGH OF 60.0650
✍NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
SYOREFIDR
20 APR 2016
SYBEANIDR
20 APR 2016
3869
RMSEED
20 APR 20165
JEERAUNJHA
CHANA
R3
R2
R1
633.90
629.50
3837
3805
3791
3773
3759
4039
3990
3941
3913
3892
20 APR 2016
15946
15561
15176
15043
20 APR 2016
4536
4472
4408
R3
R2
647.50 640.70
PP
S1
S2
S3
S4
613.50
606.70
3741
3709
3677
3864
3843
3794
3745
14791
14658
14406
14021
13636
4372
4344
4308
4280
4216
4152
R1
PP
S1
S2
S3
S4
627.10 622.70 620.30
✍NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
SYOREFIDR
20 APR 2016
SYBEANIDR
20 APR 2016
4007
3926
3845
3811
3764
3730
3683
3602
3521
RMSEED
20 APR 2016
4369
4221
4073
3979
3925
3831
3777
3629
3481
JEERAUNJHA
20 APR 2016
16746 16086 15426
15168
14766 14508 14106 13446
12786
CHANA
20 APR 2016
5030
4471
4394
3758
667.70 653.30 638.90 632.10 624.50 617.70 610.10 595.70
4818
4606
4259
WEEKLY NCDEX CALL SELL JEERA APR BELOW 14800 TGT 14500 SL 15100 PREIOUS WEEEK CALL SELL REFSOYA APR BELOW 618 TGT 611 SL 626 - NOT EXECUTED.
4182
3970
581.30
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS ✍ Gold Tepid import of gold in the last two months (Feb-March) of this financial year will help the government save some foreign exchange. The import bill for 2015-16 is now estimated at $31.5 billion, almost nine per cent lower from 2014-15. Import in February was 35-38 tonnes or $1.4 bn. March has begun with marginal import; due to jewelry strike to oppose excise duty, the month might end with gold import of $500-700 million (17-23 tonnes).“The 2015-16 average price is likely to end lower by approximately eight per cent from 2014-15. Most imports were primarily during months when prices were lower," said Sudheesh Nambiath, lead analyst at GFMS, Thomson Reuters. The February import was half of January's, with a steep $30-50 per ounce discount to the cost of import. Gold edged lower on Friday, as the dollar steadied above a five-month low, but the metal remained on track for a weekly gain after the Federal Reserve scaled back rate increase expectations. The U.S. central bank held interest rates steady on Wednesday and indicated it would tighten policy this year, but fresh projections offered by the Fed showed policymakers expect two quarter-point increases by year-end, half the number forecast in December. Expectations the Fed would raise rates steadily this year had faded since the bank's initial hike in December, as concerns about global growth roiled financial markets.
✍Crude oil Crude oil prices settled lower on Friday after the U.S rig count rose for the first time since December, renewing worries of a supply glut after an output freeze proposal helped boost the market to 2016 highs and multiweek gains. US oil futures touched new highs for 2016 on Friday and were set to post gains for a fifth straight week on growing optimism that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices. US crude was up 3 cents at $40.23 barrel, after rising to as much as $40.55 higher than the previous peak of $40.36 reached on Thursday. The benchmark had surged 4.5% to close at $40.20 in the prior session. Brent crude's front-month contract was up 2 cents at $41.56 per barrel and earlier rose to $41.71, a new high for the year. It finished up $1.21 at $41.54 a barrel on Thursday. Both contracts have traded down at times throughout the day, suggesting resistance at around $40. "The market is trying to price in the moves by the big producers," said Avtar Sandu, senior commodities manager at Phillip Futures in Singapore. "Otherwise, $40 oil is actually pretty expensive given the oversupply in the market." Oil prices have surged more than 50% from 12-year lows since the Organization of the Petroleum Exporting Countries (OPEC) floated the idea of a production freeze, boosting Brent from about $27 and US crude from around $26. US oil is heading for a fifth week of gains, while Brent is on course for a fourth weekly increase, the longest rising streak in about a year for both benchmarks. Despite the retreat, oil posted multi-week gains, with Brent up for a fourth straight week and U.S. crude a fifth week in a row. Both benchmarks rose about 2 percent this week. Global oversupply in oil had knocked crude prices down from mid-2014 highs above $100 a barrel to 12-year lows earlier this year, bringing Brent to around $27 and U.S. crude to about $26. Over the past two months, prices rallied to above $40 after the Organization of
the Petroleum Exporting Countries (OPEC) floated the idea of a production freeze at January's highs. The combination of declining oil output, smaller crude stockpile builds and surging gasoline consumption in the United States also helped the recovery, although some analysts said the rally had been overdone
✍Natural gas U.S. natural gas futures ended lower on Friday as the market focuses more on the warm weather forecast for much of the rest of March instead of the snowstorm expected to hit the Northeast this weekend on the first day of spring. Natural Gas futures ended flat in the domestic market on Friday as traders weighed near-term forecasts for colder than earlier anticipated temperatures across the US Midwest, which may boost gas-fired heating demand for the fuel, against hefty storage levels with US gas stockpiles declining by just one to 2.478 trillion cubic feet in the week ended March 11, 2016. Total US gas storage levels are around 807 billion cubic feet above the fiveyear average of 1.671 trillion cubic feet and 998 billion cubic feet above levels in the same period a year ago. At the MCX, Natural Gas futures for March 2016 contract closed at Rs 127.3 per mmBtu, unchanged, after opening at Rs 127.9, against the previous closing price of Rs 127.3.
✍Copper Copper slipped from a four-month high on Friday as investors locked in gains after a rally prompted by a more dovish U.S. rate outlook, though stronger oil prices and lower inventories cushioned the fall. Copper futures advanced during evening trade in the domestic market on Friday amidst a pickup in physical demand for the industrial metal in the spot market and on optimism that a recovery in the property market in China, the world’s biggest metals consuming nation, may bolster demand. New Chinese home prices rose in 47 cities in February, up from 38 in January, signaling a recovering property market, while the Yuan strengthened after China’s central bank raised its reference rate by the most since November. At the MCX, Copper futures for April 2016 contract were trading at Rs. 340 per 1 kg, up by 0.41 per cent, after opening at Rs. 339, against the previous closing price of Rs. 338.6. It touched the intra-day high of Rs. 343.85. (At 16:53 PM).
Copper also drew support from declining physical stocks in London Metal Exchange warehouses. Copper in the warehouses stood at 158,275 tonnes, down about 30 percent since late November, though much of the inventory has just moved to warehouses monitored by the Shanghai Futures Exchange. The pullback in copper prices was limited by tentative signs of recovery in China's property sector, which is China's second-biggest copper consumer after the power industry.
✍Lead Lead prices fell by 0.45 per cent on Friday at the domestic markets 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. At the MCX, Lead futures, for the March 2016 contract, is trading at Rs 120.70 per kg, down 0.45 per cent, after opening at Rs 122, against a previous close of Rs 121.25. It touched an intra-day low of Rs 120.45 till the trading. (At 3.33 PM today). However, losses were limited due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 1925 metric tonnes to 164325 metric tonnes as on March 18, 2016.
✍Zinc Zinc futures posted modest gains in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Optimism that a recovery in the property market in China, the world’s biggest metals consuming nation, may bolster demand, also boosted sentiment. New Chinese home prices rose in 47 cities in February, up from 38 in January, signaling a recovering property market, while the Yuan strengthened after China’s central bank raised its reference rate by the most since November. Further, China Securities Finance Corp. stressed that it will boost lending to brokerages for their margin trading business in measures aimed at boosting the country’s stock market which recently fell prey to a rout and leverage more than halved from last year’s peak. At the MCX, Zinc futures for March 2016 contract closed at Rs 122.45 per kg, up by 0.12 per cent after opening at Rs 122.65, against the previous closing price of Rs 122.3. It touched the intra-day high of Rs 123.3.
✍ NCDEX - WEEKLY NEWS LETTERS ✍Chana During Thursday’s trading session NCDEX Chana April opened positive and traded upside during most parts of the session. However at the end of the day it closed almost at same level. NCDEX Chana April futures ended the day at Rs 4372 per quintal which is 0.02% up against the previous day. In this fiscal year till 1st March country has imported 55.5 lakh tonnes of pulses where as last year during entire year center had imported 45.8 lakh tonnes. Pulses production is estimated at 17.33 million tonnes in 2015-16 crop year (July-June) while demand is pegged at 23.66 million tonnes. The Government has taken a decision to create a buffer stock of 1.5 lakh tonnes of pulses through both domestic procurement and imports to improve domestic availability and stabilize prices.According to AAFC report, the production of chana and masoor dal is going to increase this year.Continuing its rising streak for the fourth straight day, chana gained another 0.23 per cent to Rs 4,370 per quintal in futures trading today as participants widened their bets, triggered by good demand in the spot market.Furthermore, restricted supplies from producing regions fuelled the uptrend. Likewise, the commodity for delivery in May contracts traded higher by a similar margin to Rs 4,439 per quintal in 10,610 lots.Analysts said besides strong demand in the spot market, restricted supplies from producing belts led an upward trend in chana prices at futures trade
✍Jeera During Thursday’s trading session, jeera futures took a smart recovery from its previous losses on short covering. Hence, jeera future prices traded and settled the day at Rs. 14635 per quintal with 1.5% gains.Some fresh export enquiries reported in the spot market ahead of festive season demand.On spot market front, prices at Unjha market in Mehsana district hovered in the range of Rs.13100-13700 per quintal. On arrivals front, the total arrivals remained unchanged at Unjha market were around 40000 bags.Stock positions at NCDEX accredited warehouses are 266 tonnes and stocks under process are 57 MT as on 16 Mar 2016.
�Cardamom Cardamom futures traded on mixed note as most active contract traded higher while next month contracts traded lower during previous trade. April futures opened lower, however traded on higher note extending its gains following good buying from exporters and upcountry buyers. Apr future made a high of Rs.728.90/kg, however, it could not sustain as it closed at Rs.723.40 per kg, up by 0.26% from its previous close. Cardamom arrivals were at 149621.4 kgs, up by 59801.2 kgs, max prices they traded were at Rs.913/kg, and average prices were Rs.520.31. Peak arrival season is almost over; however, bumper crop during previous season has resulted in relatively higher arrivals. Spices export during February was at Rs.1370.60 cr, up by 14% y/y. As on 16th Mar 2016, MCX warehouses have 36.30 MT stocks eligible for delivery.Rising for the second straight day, cardamom prices advanced by 2.33 per cent to Rs 731.50 per kg in futures trade today as traders indulged in enlarging their positions, tracking a firm trend at spot market on strong demand.Moreover, restricted supplies in the physical markets from major producing belts supported the uptrend in cardamom prices.At the Multi Commodity Exchange, cardamom for delivery in April increased by Rs 16.70, or 2.33 per cent, to Rs 731.50 per kg, in a business turnover of 435 lots.Similarly, cardamom for delivery in May edged up by Rs 9.80, or 1.35 per cent, to Rs 735 per kg in 25 lots.
�Coriander Coriander futures witnessed a recovery during Thursday’s trading hours on account of short covering from its previous losses. Hence, Coriander future prices settled the day on a thin range at Rs. 6662 per quintal up by 0.4%.However, spot market remained steady to down during the day, amid increase in arrivals. At Kota market, Coriander Eagle variety traded at Rs. 6800 per quintal. While Badami variety traded at Rs. 6300 per quintal. The total arrivals at Kota market reported around 764 tonnes, higher by 149 tonnes against previous day. Coriander prices are expected to trade on a positive note on continued short covering initially during the day. However, prices are expected to remain volatile later in the day amid prevailing mixed sentiments in the spot markets. Upsurge in the fresh crop arrivals may keep the prices under pressure. On the other hand, domestic demand from local masala manufactures as well export demand is likely to pick up ahead of festive season.
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