✍ MCX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29 APR 2016
106.35
104.45
102.55
101.85
100.65
99.95
98.75
96.85
94.95
COPPER
29 APR 2016
316.45
313.60
310.65
309.45
307.75
306.55
304.90
302
299.05
CRUDE OIL
19 APR 2016
3091
2924
2757
2691
2590
2524
2423
2256
2089
GOLD
03 JUN 2016
29947
29646
29345
29238
29044
28937
28743
28442
28141
LEAD
29 APR 2016
117.45
116.10
114.75
114.10
113.40
112.75
112.05
110.70
109.35
NATURAL GAS
26 APR 2016
146
142.10
138.20
136.10
134.30
132.20
130.40
126.50
122.60
NICKEL
29 APR 2016
608.20
595.70
583.20
578
570.70
565.50
558.20
545.70
533.20
SILVER
05 MAY 2016
38153
37604
37055
36862
36506
36313
35957
35408
34859
ZINC
29 APR 2016
122.55
120.70
118.90
118.05
117
1116.20
115.20
113.30
111.50
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29 APR 2016
110.35
107.25
104.15
102.60
101.05
99.50
97.95
94.85
91.75
COPPER
29 APR 2016
349.20
336.45
323.70
315.95
310.95
303.20
298.20
285.45
272.70
CRUDE OIL
19 APR 2016
3448
3147
2846
2735
2545
2434
2244
1943
1642
GOLD
03 JUN 2016
31409
30560
29711
29421
28862
28572
28013
27164
26315
LEAD
29 APR 2016
126.60
122.50
118.40
115.95
114.30
111.85
110.20
106.10
102
NATURAL GAS
26 APR 2016
165.20
154.30
143.40
138.70
132.50
127.70
121.60
110.70
99..80
NICKEL
29 APR 2016
. 643.90
618
592.10
582.50
566.20
556.60
540.30
514.40
488.50
SILVER
05 MAY 2016
39751
38603
37455
37063
36307
35915
35159
34011
32863
ZINC
29 APR 2016
141.40
133.90
126.40
121.80
118.90
114.30
111.40
103.90
96.40
Monday, 11 April 2016
WEEKLY MCX CALL BUY GOLD JUN ABOVE 29302 TGT 29619 SL 28988 SELL NICKEL APR BELOW 560 TGT 530 SL 591
PREVIOUS WEEK CALL BUY ZINC APR ABOVE 124 TGT 126 SL 121.90 - NOT EXECUTED.
✍ FOREX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
27 APR 2016
67.45
67.20
66.95
66.80
66.70
66.60
66.45
66.20
66
EURINR
27 APR 2016
77.70
77.15
76.60
76.30
76
75.70
75.45
74.90
74.35
GBPINR
27 APR 2016
96.05
95.40
94.70
94.40
94.05
73.75
93.40
92.70
72.05
JPYINR
27 APR 2016
64.10
63.20
62.30
61.95
61.45
61.05
60.55
59.65
58.75
✍ FOREX WEEKLY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
27 APR 2016
68.5 0
67.85
67.25
67
66.65
66.35
66.05
65.40
64.80
EURINR
27 APR 2016
78.5 0
77.65
76.80
76.40
75.95
75.55
75.10
74.25
73.40
GBPINR
27 APR 2016
98
96.75
95.50
94.80
94.25
93.55
93
91.75
90.50
JPYINR
27 APR 2016
68
65.65
63.30
62.40
60.95
60.05
58.60
56.20
53.85
WEEKLY FOREX CALL BUY GBPINR APR ABOVE 94.95 TGT 95.95 SL 93.98 PREVIOUS WEEK CALL SELL JPYINR APR BELOW 59.30 TGT 58.70 SL 60.10 - NOT EXECUTED. BUY USDINR APR ABOVE67 TGT 67.60 SL 66.40 - NOT EXECUTED.
✍NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 MAY 2016
691
682
673
669
664
660
655
646
637
SYBEANIDR
20 MAY 2016
4376
4297
4218
4169
4139
4090
4060
3981
3902
RMSEED
20 MAY 2016
4802
4704
4606
4545
4508
4447
4410
4312
4214
JEERAUNJHA
20 MAY 2016
18015
17470
16925
16605
16380
16060
15835
15290
14745
CHANA
20 MAY 2016
5386
5275
5164
5094
5053
4983
4942
4831
4720
✍NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 MAY 2016
725
705
685
675
665
655
645
625
605
SYBEANIDR
20 MAY 2016
4649
4488
4327
4223
4166
4062
4005
3844
3683
RMSEED
20 MAY 2016
5338
5039
4740
4612
4441
4313
4142
3843
3544
JEERAUNJHA
20 MAY 2016
18665
17870
17080
16680
16295
15895
15505
14715
13925
CHANA
20 MAY 2016
5909
5602
5295
5160
4988
4853
4681
4374
4067
WEEKLY NCDEX CALL BUY JEERA MAY ABOVE 16700 TGT 17000 SL 16290 PREIOUS WEEEK CALL SEL REFSOYA MAY BELOW 657 TGT 650 SL 667.10 - SL SELL TMC MAY BELOW 8130 TGT 7860 SL 8453 - NOT EXECUTED.
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS �Bullion Gold jumped almost two percent on Thursday as the dollar fell to a 17- month low against the Japanese yen following minutes from the U.S. Federal Reserve's latest meeting and global shares fell, rekindling investor appetite for safer assets. Gold prices dropped on Friday on account of profit booking by traders as prices had earlier surged on expectations that any rate hikes by the Fed will be gradual based on comments from Federal Reserve Board Chair Janet Yellen. Prices had surged ahead of a public appearance by Federal Reserve chair Janet Yellen after the close of trading, as investors digested dovish indications from the Fed's March minutes that the US central bank will remain cautious with the timing of its next interest rate hike. At the MCX, Gold futures for June 2016 contract is trading at Rs 28,990 per 10 gram, down by 0.24 per cent after opening at Rs 29,145, against the previous closing price of Rs 29,060. It touched the intra-day low of Rs 28,955. (At 12.40 PM today). Further, a stronger dollar reduced the appeal of gold as an alternative asset. Stronger greenback makes the bullion expensive for those holding other currencies, thus reducing demand. Investors remained bearish on gold exchange-traded funds (ETFs) as they pulled out Rs 903 crore from this instrument last fiscal, making it the third consecutive financial year of outflow. The pace of outflow, however, slowed down in the 2015-16 fiscal ended March 31, as against the preceding two years on account of sluggish equity market. According to the latest data available with Association of Mutual Funds in India (Amfi), Gold ETFs witnessed a net outflow of Rs 903 crore last fiscal, compared to an outflow of Rs 1,475 crore in the preceding financial year. In 2013-14, the funds witnessed outflow of Rs 2,293 crore. The asset base of gold funds dropped to Rs 6,346 crore in March 2016 from Rs 6,665 crore at the end of March 2015. "Gold prices had a good run until 2012 and investors bought gold chasing the historical returns from gold. As gold corrected, investors were disappointed and thereby exited out of gold. "Equities saw a good run up from September 2013 onward and sentiment towards equities improved thereby driving flows /shift from other asset markets to equities," Quantum AMC Senior Fund Manager (Alternative Investments) Chirag Mehta said.However, the pace of outflows has slowed down, as most of the return chasing disappointed investors seem to have exited from gold ETFs, he added.The demand for gold ETFs has been steadily falling in the past few years. These products have seen outflow as gold prices are correcting and equities have given good returns to investors. Retail investors have been putting in more money into equity and debt mutual funds in the last financial year.Equity and equity-linked saving schemes saw an infusion of over Rs 74,000 crore and debt funds attracted nearly Rs 20,000 crore. Overall, mutual fund schemes have witnessed an inflow of Rs 1.34 lakh crore during the period under review. "With the recovery in prices (positive short term performance) the return chasing types may come back," he added. The mutual fund sector has 14 gold-based schemes, which have been in the market since 2006-07.
�Energy Crude Oil prices jumped six per cent on Friday, heading for the largest weekly gain in a month, as draw downs in US crude stockpiles fed hopes that a punishing global oversupply may be approaching a tipping point after nearly two years. Brent crude futures were up $2.39 at $41.82 a barrel by 1:17 pm EDT (1717 GMT), hitting a session high above $42. The shutdown of the Keystone crude pipeline to Cushing, Oklahoma has supported prices this week. Crude also drew support when Russia said its crude output fell in April, as major oil producing countries prepared to meet in Doha on April 17 to freeze production. US gasoline and diesel prices rallied more
than five per cent each. US crude this year has drawn support from cheap gasoline pump prices and benign driving weather. Ultra low sulfur diesel, also known as heating oil, rebounded this week on seasonally cold weather forecasts through late April. Brent crude futures were up $2.39 at $41.82 a barrel by 1:17 p.m. EDT (1717 GMT), hitting a session high above $42. US crude futures rose by $2.28 to $39.53 a barrel. Earlier, it rose to nearly $40.For the week, both benchmarks were on track to gain about 8 per cent, their most since the week ended March 4. “We are starting to draw crude inventories in the US" said Scott Shelton, energy broker with ICAP in Durham, North Carolina. “Run rates are rising and US production is falling." Crude oil futures jumped by more than 2 per cent during noon trade in the domestic market on Friday as investors and speculators anticipated the weekly US rig count data which will offer cues over near-to-medium term production in the US. A surprise draw in US crude stockpiles last week and a drop in output by 14,000 barrels a day to 9.01 million barrels per day has eased worries of oversupplies. A dip in the number of Americans filing for jobless benefits last week by 9,000 to 267,000, signals that a recovery in the labour market of the world’s biggest economy remains on a solid footing, signaling an improved demand outlook for the fuel, supporting sentiment. At the MCX, crude oil futures for April 2016 contract were trading at Rs. 2,538 per barrel, up by 2.46 per cent, after opening at Rs. 2,489 against the previous closing price of Rs. 2,478. It touched the intra-day high of Rs. 2,547 till the trading
✍Base Metal Copper fell 3 percent to its lowest in a month on Thursday as concerns over demand from major consumer China helped push the metal through key chart support, triggering further selling. Four traders of copper, including two from state-owned Chinese smelters, said they expect China to raise its copper exports, unleashing some of its near-record high stockpiles of the metal onto the global market. Any lingering hopes of significant copper output cuts to offset slow demand growth from China . The price of Copper in the commodity market rose during noon trade as the metal is expected to be in shortage at the year-end as cooling investments mean no major mines are built this year. Copper is also considered to be a precious metal these days. Unlike the last few surplus years, Copper is predicted to be below the inventory level which was supposed to be in accordance with the previous years. Copper also got a uplift from a decline in the dollar, which boosts the appeal of the metal as an alternative asset. At the MCX, Copper is currently trading at Rs. 307.80 (at 2:28 pm today) after opening at Rs. 307.50. The metal touched an intra-day high of Rs. 308.7 and low of Rs. 306.6. The commodity was closed at Rs. 306.6 on the previous day. Nickel prices drifted by 0.28% to Rs 571.50 per kg in futures trading today as traders reduced positions, tracking a weak trend at spot market on sluggish demand from consuming industries. At the Multi Commodity Exchange, nickel for delivery in April declined by Rs 1.60, or 0.28% to Rs 571.50 per kg in a business turnover of 1,224 lots. On similar lines, metal for delivery in May traded lower by Rs 1.40, or 0.24% to Rs 577.50 per kg in 27 lots. Market analysts said the fall in nickel prices in futures trade was mostly on weak trend at spot market on subdued demand from alloy-makers but metal's gain overseas, capped the losses. Lead futures fell 0.75 per cent to 113.20 per kg today as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX, Lead futures, for the April 2016 contract, is trading at 113.20 per kg, down by 0.75 per cent, after opening at Rs 113.85, against a previous close of Rs 114.05. It touched an intra-day low of Rs 113.05 till the trading. (At 3.20 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 625 metric tonnes to 156075 metric tonnes as on April 8, 2016.
✍ NCDEX - WEEKLY NEWS LETTERS
Oil meals export dropped 52 per cent to 1.18 million tonnes (mt) in 2015-16, against 2.46 mt the previous year, due to a sharp fall in soyabean shipments, the Solvent Extractors' . In value terms, export fell 65 per cent to Rs 1,510 crore, compared to Rs 4,298 crore in 2014-15. Lower production of soyabean, coupled with high price in the domestic market resulted in to drastic fall in crushing, leading to disparity in export of soybean meal.Exports to South Korea, Thailand, Indonesia, Taiwan, Iran, Vietnam, Myanmar and Cambodia drastically reduced in 2015-16 due to price disparity, owing to severe competition from other origins, including China and Argentina.India lost the Vietnam market for soyabean meal due to stiff competition and increased availability from domestic crushing of imported soyabean, the SEA statement said.Iran has shifted soyabean meal buying from India to other countries, while Bangladesh has moved to import of soyabean for domestic crushing.Soyabean meal exports has dropped to 70,820 tonnes in 2015-16, from 6,59,593 tonnes last year.Exports to other destinations like Thailand and Taiwan also dropped during the 2015-16
Spices Board has tightened rules of sampling for jeera (cumin) exports after receiving several representations from importing countries on adulteration and inferior quality shipments from Gujarat.With an immediate effect, the board has published a circular on April 6 and tightened the rules related to sampling and certification.In a circular Spices Board said, "After receiving several complaints from importing countries the board has decided to tighten the rules to protect reputation of India." As per the new rules, sampling intimation shall be placed one day prior to the proposed sampling date. The certificate shall be issued by the Spice Board based on the undertaking on the day of packaging.Moreover, stuffing is not allowed without the presence of customs and central excise officials. According to jeera traders, the move taken by the Spices Board is good for the industry as it would restrict adultery.An Unjha based Jeera exporter said, "India has received complaints related to quality. The board has taken correct steps and this will beneficial for the entire industry."There shall be random sampling at customs area at Mundra port by the Spices Board for confirmatory testing of the consignments. With this the Board will start surveillance and inspection at the stuffing area, Mundra poart, Unjha and Rajkot during April and May. Spice Board in a circular, exporters of jeera and other seed spices requested to follow the rules and regulations.Meanwhile, on the back of good domestic as well as export demand, jeera prices have gone up by Rs 40 to Rs 2,800-3,250 per 20 kg at the Unjha market in Gujarat. Arrival of jeera is around 45,000 bags (40 kg bags) per day.
✍ Jeera During Friday’s trading session, jeera futures traded down as investors booked profit at existing levels. Huge volatility witnessed during the day and made a high of Rs.16700 per quintal and a low of Rs.16155 per quintal. However, prices resumed to downtrend on active selling on gains. Hence jeera May contract traded down by 2.2% at Rs.16260 per quintal On spot market front, at Unjha market prices hovered in the range of Rs.1105517825 per quintal The total arrivals reported at Rajkot market were 168 tonnes. Stock positions at the NCDEX accredited warehouses are 2002 tonnes and 542 MT are under process as on 8 April 2016. Jeera prices closed lower by 1.8 per cent on Friday 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 April 2016 contract closed at Rs. 16,115 per quintal, down by 1.8 per cent, after opening at Rs. 16,400 against the previous closing price of Rs. 16,410. It touched the intra-day low of Rs. 16,085.
�RM Seed Mustard Seed prices closed lower by 0.89 per cent on Friday 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 April 2016 contract closed at Rs. 4,431 per quintal, down by 0.89 per cent, after opening at Rs. 4,455 against the previous closing price of Rs. 4,471. It touched the intra-day low of Rs. 4,423.
�Chana Chana prices closed lower by 0.94 per cent on Friday 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 April 2016 contract closed at Rs. 5,057 per quintal, down by 0.94 per cent, after opening at Rs. 5,114 against the previous closing price of Rs. 5,105. It touched the intra-day low of Rs. 5,037.Last week we have witnesses good rally in prices, that is why on Friday we witnessed profit booking, The government has purchased 50,000 tonnes of tur and urad in 2015 kharif season and is in the process of buying masoor and other dals in the rabi season. As per the agriculture ministry's second estimate, pulse production is estimated at 17.33 million tonnes (mt) in 2015-16 crop year (July-June), which is marginally higher than the previous year's production of 17.15 mt. As per sources, government has asked to buy Rabi pulses from 7th March onward but due to nonseasonal rain it has been delayed. Due to rain in many places quality of pulses has been affected. From Madhya Pradesh the arrival has augmented 5 times and also from Maharashtra the arrival has increased, however from Rajasthan arrival has declined against last year.
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