✍ MCX DAILY LEVELS DAILY
EXPIRY DATE R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
30 NOV 2015 102
101
100
99
98
97
96
95
94
COPPER
30 NOV 2015 325
323
321
319
317
315
313
311
309
CRUDE OIL
19 NOV 2015 2760 2740
2720
2700
2680
2660
2640
2620
2600
GOLD
04 DEC 2015 2570 25700 2015 0
25600
25550
25500
25450
25400
25350
25300
LEAD
30 NOV 2015 110. 109.30 30
108.30
107.30
106.30
105.30
104.30
103.30
102.30
162
160
158
156
154
152
150
148
642
637
632
627
622
617
612
607
NATURAL GAS 24 NOV 2015 164 NICKEL
30 NOV 2015 647
SILVER
04 DEC 2015 3440 34300 0
34200
34100
34000 33900
39800
33700
33600
ZINC
30 NOV 2015 110. 109.50 50
108.50
107.50
106.50
105.50
104.50
103.50
102.50
R2
R1
PP
S1
S2
S3
S4
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
ALUMINIUM
30 NOV 2015 106.20 103.15
100.10
98.40
97.10
95.35
94
91
87.90
COPPER
30 NOV 2015 356.80 340.35
323.90
313.75
307.45 297.30
291
274.55
258.10
3037
2919
2847
2801
2729
2683
2565
2447
GOLD
04 DEC 2015 27620 26855
26090
25690
25325
24925
24560
23795
23030
LEAD
30 NOV 2015 115.80 112.20
108.60
106.70
105
103.10
101.40
97.80
94.20
NATURAL GAS 24 NOV 2015 197.40 187.20
176.90
170.20
166.60 159.90
156.30
146
135.70
CRUDE OIL
18 DEC 2015 3155
NICKEL
30 NOV 2015 727
685.90
644.80
618.70
603.70 577.60
562.60 521.50
480.40
SILVER
04 DEC 2015 36540 35641
34742
34286
33843
33387
32944
32045
31146
30 NOV 2015 129.10
110.90
105.70
101.80
96.55
98.70
83.60
74.50
ZINC
120
WEEKLY MCX CALL SELL GOLD DEC BELOW 25261 TGT 24963 SL 25571 (SELL ON RISE)
PREVIOUS WEEK CALL SELL GOLD DEC BELOW 25500 TGT 25200 SL 25803 (TGT ACHEIVED)
✍ FOREX DAILY LEVELS DAILY
EXPIRY DATE R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
26 DEC 2015 67.1 66.95 0
66.75
66.65
66.60
66.50
66.40
66.20
66.05
GBPINR
26 DEC 2015 72..0 5
71.55
71.40
71.25
71.15
71
70.75
70.50
EURINR
26 DEC 2015 102. 102.30 65
102
101.85
101.70
101.55
101.35
101.05
100.70
JPYINR
26 DEC 2015 54.6 5
54.35
54.25
54.15
54.10
54
53.85
53.70
R2
R1
PP
S1
S2
S3
S4
71.80
54.50
✍ FOREX WEEKLY LEVELS DAILY
EXPIRY DATE R4
R3
USDINR
26 DEC 2015 67.8 67.40 0
67
66.80
66.60
66.40
66.20
65.80
65.40
GBPINR
26 DEC 2015 73.5 72.75 5
72
71.60
71.20
70.85
70.45
69.65
68.90
EURINR
26 DEC 2015 104. 103.75 90
102.55
102.15
101.40
101
100.20
99.05
97.90
JPYINR
26 DEC 2015 56.4 55.65 0
54.90
54.55
54.10
53.75
53.35
52.60
51.85
WEEKLY FOREX CALL SELL GBPINR NOV BELOW 100.45 TGT 99.85 SL 101.10
PREVIOUS WEEK CALL SELL JPYINR NOV BELOW 53.90 TGT 53.40 SL 54.40 (MADE LOW OF 53.51)
✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
18 DEC 2015
616
607
598
593
589
584
580
571
562
SYBEANIDR
18 DEC 2015
3937
3897
3857
3834
3817
3794
3777
3737
3697
RMSEED
18 DEC 2015
4983
4862
4741
4660
4620
4539
4499
4378
4257
JEERAUNJHA
18 DEC 2015
16195 15990
15785
15675
15580 15470 15375 15170
14965
CHANA
18 DEC 2015
5737
5581
5425
5321
5269
5165
5113
4957
4801
CASTORSEED
18 DEC 2015
4445
4317
4189
4122
4061
3994
3933
3805
3677
R3
R2
R1
PP
S1
S2
S3
S4
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
SYOREFIDR
18 DEC 2015 18 DEC 2015
640
624
608
598
592
582
576
560
SYBEANIDR
18 DEC 2015 18 DEC 4244 2015
4097
3950
3881
3803
3734
3656
3509
RMSEED
18 DEC 2015 18 DEC 5296 2015
5081
4866
4723
4651
4508
4436
4221
JEERAUNJHA
18 DEC 2015 18 DEC 17515 2015
16815
16115
15840 15415 15140 14715
14015
CHANA
18 DEC 2015 18 DEC 6102 2015
5822
5542
5379
5262
5099
4980
4702
CASTORSEED
18 DEC 2015 18 DEC 5001 2015
4706
4411
4233
4116
3938
3821
3526
WEEKLY NCDEX CALL BUY JEERA DEC ABOVE 15900 TGT 16200 SL 15450 BUY DHANIYA DEC ABOVE 15550 TGT 15750 SL 15340
PREVIOUS WEEK CALL SELL DHANIYA DEC BELOW 9700 TGT 9500 SL 9903 (NOT EXECUTED)
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS ✍ PRECIOUS METAL • Nickel smelter developers are putting projects on hold as they struggle to get financing with metal prices near their lowest in more than a decade, industry and government stakeholders said on Wednesday.
• New U.S. applications for unemployment benefits fell last week while a gauge of U.S. economic activity rebounded in October, signs of a healthy labor market and economy that could give the Federal Reserve confidence to raise interest rates next month.
• Commodity prices could see another sharp drop as an adjustment in supplies from energy, metals and agricultural producers remains insufficient in the face of weaker demand at key consumers like China, U.S. investment bank Goldman Sachs said.
GOLD Extending gains for the third straight day, gold prices advanced by 0.27% to Rs 25,530 per 10 grams in futures trade today as speculators enlarged positions, taking positive cues from overseas markets. At the Multi Commodity Exchange, gold for delivery in far-month February next year gained Rs 68, or 0.27%, to Rs 25,530 per 10 grams in a business turnover of 23 lots.In a similar fashion, the metal for delivery in December traded higher by Rs 56, or 0.22%, to Rs 25,347 per 10 grams in 1,077 lots. Analysts attributed the rise in gold futures to a firming global trend where it held an advance from a five-year low as Federal Reserve Vice Chairman Stanley Fischer said that US policy makers have done their best to prepare international markets for the first interest rate increase since 2006. Meanwhile, gold rose 0.35% to $1,085.60 an ounce in Singapore. In the international market, gold fell 0.88%, to $1,145.50 an ounce in New York yesterday. Gold continued to witness a massive sell off. The yellow metal settled at its lowest price this year, nearing the $1200 per ounce mark and logged its third straight weekly decline. Other precious metals also dropped heavily amid soaring equities and continued strength in the US dollar. Silver tumbled to a four year low, Platinum fell to a fresh 2014 lows while palladium slumped to a three-month low. Gold fell as the US dollar rallied post the Fed decision where it noted that that there is sufficient underlying strength in the broader economy to support ongoing improvement in labor market conditions. Spot gold firmed on Friday but was still set to finish the week trapped near its cheapest in more than five years as the metal struggles against a stronger dollar ahead of a widely expected US rate rise next month."We're still negative and target $985 in the short run," said analyst Dominic Schnider of UBS Wealth Management in Hong Kong. "The rationale is fairly clear. The Fed is going to hike, the dollar is going to see further strength and in that environment it's going to be fairly difficult to sustain current prices."A stronger dollar
hurts demand for commodities priced in the greenback by making them costly for holders of other currencies. Spot gold had edged up by 0.4% to $1,085.80 an ounce by 0609 GMT. Prices hit the weakest in more than five years at $1,064.95 an ounce on Wednesday and are set to close the week little changed. US gold rose 0.7% to $1,086 an ounce. New US applications for unemployment benefits fell last week while a gauge of US economic activity rebounded in October, signs of a healthy economy that could give the Federal Reserve confidence to raise interest rates next month. The dollar steadied on Friday after a recent rally that took the greenback to 7-month highs against a basket of peers. Gold could come under further pressure from news that Chinese banks were turning more cautious on gold lending.
SILVER Silver was up 0.4 percent at $14.23 an ounce. New U.S. applications for unemployment benefits fell last week while a gauge of U.S. economic activity rebounded in October, signs of a healthy labor market and economy that could give the Federal Reserve confidence to raise interest rates next month. Other data on Thursday showed factory activity in the mid-Atlantic region picked up slightly in November after two straight months of declines, another indication that the worst of the manufacturing rout was probably over.
LEAD Lead prices edged up by 0.48% to Rs 105.30 per kg in futures trading today as traders built up fresh bets due to pick up in demand in the domestic spot market. At Multi Commodity Exchange, lead for delivery in November month moved up by 50 paise, or 0.48% to Rs 105.30 per kg in business turnover of 312 lots. Likewise, the metal for delivery in December contracts traded higher by 40 paise, or 0.38% to Rs 106.30 per kg in 6 lots. Market analysts said fresh positions built-up by participants after pick up in demand from battery-makers in the spot market, mainly influenced lead prices at futures trade.
NICKEL Continuing its losing streak for the third straight day, nickel prices shed another 0.59% to Rs 589.10 per kg in futures trade today as speculators engaged in reducing their positions, triggered by a weakening global trend. At Multi Commodity Exchange, nickel for delivery in November declined by Rs 3.50, or 0.59% to Rs 589.10 per kg in a business turnover of 1,699 lots.On similar lines, the metal for delivery in December traded lower by Rs 3.20, or 0.53%, to Rs 595.60 per kg in 159 lots. Analysts attributed the fall in nickel futures to a weakening global trend where it tumbled to the lowest level in more than a decade as stainless-steel output in China slows amid forecasts for the weakest economic growth in a generation. Meanwhile, nickel for delivery in three-month dropped 1.7% to $8,800.00 a metric tonne, the lowest since July 2003 on the London Metal Exchange (LME).
ALUMINIUM Aluminium prices eased by 0.16% to Rs 96.50 per kg in futures trade today as participants reduced their positions amid weak global cues. Besides, subdued demand in the domestic spot markets weighed on aluminum prices.At the Multi Commodity Exchange, aluminium for delivery in November month weakened by 15 paise, or 0.16% to Rs 96.50 per kg in business turnover of 324 lots. Likewise, the metal for delivery in December contract was trading lower by a similar margin to Rs 98.10 per kg in 21 lots. Market men said the weakness in aluminium at futures trade was mostly in tune with a weak trend in global markets. Globally, aluminium for delivery in three month fell 0.3% at the London Metal Exchange, while in Shanghai Futures Exchange it slumped to its lowest since at least 2004. Meanwhile, government is considering raising import duty on aluminium products by as much as 5%,among other policy measures, to tackle the unabated import of cheap products that is adversely impacting the sector.
ENERGY Oil futures settled steady on Thursday while U.S. crude fell ahead of the expiry of the front-month contract and continued pressure from large inventory builds. A weaker dollar and stronger refining margins for gasoline, which could prompt refiners to turn more crude into the motor fuel, helped limit the downside in crude. While a global glut was weighing on crude in general, Brent's outlook on Thursday was less bearish compared with WTI, after data the previous day showed an eighth straight week of builds in U.S. crude stockpiles. WTI's weakness has been also demonstrated by the growing discount between the front month to forward contracts as traders stored more crude in the hope of delivering at higher prices later. Goldman Sachs said there remained a
U.S. natural gas futures fell 3 percent on Thursday as the psychological impact of having a record-high four trillion cubic feet (tcf) of gas in storage set in, despite forecasts for cooler weather expected to boost heating demand over the next two weeks. U.S. utilities added 15 billion cubic feet of gas into storage during the week ended Nov. 13, just shy of analysts' estimates in a Reuters poll for a build of 18 bcf. That brought the total amount of gas in storage to a record-high four tcf and was the first build during the second week of November since 2011. It compared with a revised increase of 54 bcf in the prior week, a withdrawal of 9 bcf in the same week a year ago and a five-year average draw of 12 bcf. The U.S. and European weather models both continue to forecast lower-than-normal temperatures through early December.
� NCDEX - WEEKLY NEWS LETTERS Agri markets traded with moderate volatility but sentiments overall remained slightly positive. Upside movement was limited in few commodities, because of regular profit taking.Turmeric rebounded sharply from lower support levels as buyers once again considered the long term bullish story, with prices showing a significant decline on Monday and Tuesday. Guar kept trading weak on falling exports amidst weak tone in Crude oil prices; Kapas was firm on expected rise in export demand in coming weeks. No major activity was noted in oilseed complex.
CHANA Chana prices were down 1.03% to Rs 5,075 per quintal in futures trade on Thursday as participants reduced exposure, triggered by higher supplies from producing regions at the spot markets.At National Commodity and Derivatives Exchange, chana for delivery in December eased by Rs 53, or 1.03%, to Rs 5,075 per quintal with an open interest of 56,850 lots.On similar lines, the commodity for delivery in January 2016 traded lower by Rs 19, or 0.39%, to Rs 4,829 per quintal in 24,730 lots. Fall in chana prices to higher supplies from producing belts against weak trend at spot markets on fall in demand at prevailing levels.
TURMERIC Turmeric spot prices at the Nizamabad market were at Rs 10500 per quintal for finger variety and Rs.10300 for root variety on Thursday. Future prices witnessed volatility during Thursday’s trading hours. However, futures prices resumed their uptrend backed by good domestic demand and tight supply at the spot front. Demand from turmeric exporters also added to the upside in turmeric prices The stock position of turmeric at NCDEX-accredited warehouses as of 17 November 2015 was reported at 6864 metric tonnes Turmeric prices are expected to trade on a positive note during Friday’s trading hours. Good domestic off take noticed at the Nizamabad market to meet the upcoming winter season demand. Moreover, good seasonal demand and lower carryover stock supports the yellow spice to trade high. The recent rainfall in Tamil Nadu slightly helps the standing crop. According to the derivative analysis, prices, volumes and open interest have increased on Thursday. It is an indication that the market is attracting large numbers of traders, who are willing to open positions from the long side and hold them.
CASTOR SEED Castor seed futures traded lower on NCDEX due to higher supply in the major mandies against weak demand at the spot market. Further, strong production estimates from the major producing belts too added pressure on castor seed prices. The contract for November delivery was trading at Rs 4115.00, down by 0.77% or Rs 32.00
from its previous closing of Rs 4147.00.The open interest of the contract stood at 1320 lots.The contract for December delivery was trading at Rs 4182.00, down by 0.62% or Rs 26.00 from its previous closing of Rs 4208.00. The open interest of the contract stood at 247480 lots on NCDEX.
JEERA NCDEX platform jeera futures traded and settled the day positively. The total daily arrivals at Unjha market reported at around 3500 bags. Jeera spot prices at the Unjha market remained unchanged at Rs 15150 per quintal on Thursday. Emergence of export demand at the spot front amid lower arrivals supported the positive movement in jeera prices. Stock position of commodities at NCDEX approved warehouse as on17 November 2015 is 6525 MT
Jeera prices closed higher by 0.42 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 November 2015 contract closed at Rs. 15,600 per quintal, up by 0.42 per cent, after opening at Rs. 15,575 against the previous closing price of Rs. 15,535. It touched the intra-day high of Rs. 15,660. Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. According to the derivative analysis, prices, volumes and open interest have increased on Thursday. It is an indication that the market is attracting large numbers of traders, who are willing to open positions from the long side and hold them.
MUSTARD SEED Mustard Seed prices closed lower by 0.8 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 November 2015 contract closed at Rs. 4,710 per quintal, down by 0.8 per cent, after opening at Rs. 4,772 against the previous closing price of Rs. 4,748. It touched the intra-day low of Rs. 4,691. Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity.
LEGAL DISCLAIMER This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisor Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities. All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices. Any investment in commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer.