✍ MCX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29 APR 2016
105.65
104.80
103.95
103.65
103.10
102.75
102.25
101.40
100.55
COPPER
29 APR 2016
327.80
324.10
320.50
318.80
316.80
315.20
313.20
309.50
305.90
CRUDE OIL
19 MAY 2016
3103
3005
2907
2856
2809
2758
2711
2613
2515
GOLD
03 JUN 2016
29480
29293
29106
29032
28919
28845
28732
28545
28358
LEAD
29 APR 2016
117.90
116.65
115.40
114.70
114.15
113.45
112.90
111.65
110.40
NATURAL GAS
26 APR 2016
147.30
141.10
134.90
131.30
128.70
125.10
122.50
116.30
110.10
NICKEL
29 APR 2016
622
612.20
602.40
598
592.60
588.20
582.80
573
563.20
SILVER
05 MAY 2016
39899
39412
38925
38716
38438
38229
37951
37464
36977
ZINC
29 APR 2016
129.85
127.90
125.95
125.10
124
123.20
122.05
120.10
118.10
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29 APR 2016
116.65
111.95
107.15
105.25
102.40
100.50
97.65
92.90
88.15
COPPER
29 APR 2016
359.20
344.30
329.40
323.30
314.50
308.40
299.60
284.70
269.80
CRUDE OIL
19 MAY 2016
3440
3231
3022
2913
2813
2704
2604
2395
2186
GOLD
03 JUN 2016
31396
30616
29836
29397
29056
28617
28276
27496
26716
LEAD
29 APR 2016
131.35
125.70
120..10
117.05
114.40
111.40
108.75
103.10
97.45
NATURAL GAS
26 APR 2016
161.60
151.10
140.60
134.20
130.10
123.70
119.60
109.10
98.60
NICKEL
29 APR 2016
. 696.90
660
623.10
608.40
586.20
571.50
549.30
512.40
475.50
SILVER
05 MAY 2016
43752
41820
39888
39197
37956
37265
36024
34092
32160
ZINC
29 APR 2016
151.50
141.70
131.90
128.10
122.10
118.30
112.30
102.50
92.70
Monday, 18 April 2016
WEEKLY MCX CALL SELL NATURAL GAS APR BELOW 126 TGT 119 SL 135.60 SELL GOLD JUN BELOW 28714 TGT 28498 SL 28931
PREVIOUS WEEK CALL BUY GOLD JUN ABOVE 29302 TGT 29619 SL 28988- MADE HIGH OF 29459 SELL NICKEL APR BELOW 560 TGT 530 SL 591 - NOT EXECUTED.
✍ FOREX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
27 APR 2016
67.75
67.40
67
66.85
66.60
66.50
66.25
65.85
65.50
EURINR
27 APR 2016
76.55
76.20
75.90
75.65
75.55
75.30
75.20
74.85
74.50
GBPINR
27 APR 2016
96.50
96
95.45
95.25
94.95
94.75
94.45
93.90
93.40
JPYINR
27 APR 2016
62
61.70
61.40
61.20
61.10
60.90
60.75
60.45
60.15
✍ FOREX WEEKLY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
27 APR 2016
69.9 0
68.90
67.80
67.10
66.80
65.90
65.10
64.20
63.20
EURINR
27 APR 2016
78.6 0
77.65
76.70
76.05
75.75
75.10
74.80
73.80
72.85
GBPINR
27 APR 2016
99.5 5
98
96.45
95.75
94.90
94.20
93.30
91.75
90.20
JPYINR
27 APR 2016
64.0 5
63.10
62.20
61.60
61.30
60.70
60.35
59.45
58.55
WEEKLY FOREX CALL SELL JPYINR APR BELOW 61.60 TGT 60.95 SL 62.10 SELL EURINR APR BELOW 75.25 TGT 74.30 SL 76.40
PREVIOUS WEEK CALL BUY GBPINR APR ABOVE 94.95 TGT 95.95 SL 93.98 - MADE HIGH OF 95.56
✍NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 MAY 2016
676
671
666
663
661
658
656
651
646
SYBEANIDR
20 MAY 2016
4465
4375
4285
4241
4195
4151
4105
4015
3925
RMSEED
20 MAY 2016
4802
4690
4578
4536
4466
4424
4354
4242
4130
JEERAUNJHA
20 MAY 2016
17015
16655
16295
16135
15935
15775
15575
15215
14855
CHANA
20 MAY 2016
5761
5545
5329
5257
5113
5041
4897
4681
4465
✍NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 MAY 2016
700
687
674
667
661
654
648
635
622
SYBEANIDR
20 MAY 2016
4540
4422
4304
4250
4186
4132
4068
3950
3832
RMSEED
20 MAY 2016
4915
4767
4619
4557
4471
4409
4323
4175
4027
JEERAUNJHA
20 MAY 2016
18645
17675
16870
16425
16080
15630
15285
14495
13695
CHANA
20 MAY 2016
5761
5545
5329
5257
5113
5041
4897
4681
4465
WEEKLY NCDEX CALL BUY JEERA MAY ABOVE 16550 TGT 16900 SL 16238 BUY SOYABEAN JUN ABOVE 4270 TGT 4350 SL 4194
PREIOUS WEEEK CALL BUY JEERA MAY ABOVE 16700 TGT 17000 SL 16290 - NOT EXECUTED.
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS �Bullion Gold edged up on Friday following three days of declines, but was heading for its first weekly drop in three as a stronger dollar and higher equities kept investor interest in check. Bullion climbed to a three-week high on Tuesday, only to give up gains as world stocks rose to their highest levels since late December on Thursday, boosted by robust Chinese economic data and a surge in oil prices earlier this week. Spot gold was up 0.2% at $1,229.06 an ounce by 0941 GMT, following a drop of 1.3% in the previous session. It was heading for a 1% loss for the week.Gold prices have steadied after posting their biggest quarterly rise in nearly 30 years in the three months to March, driven by a reining in of expectations that the US Federal Reserve will push ahead with several rate hikes this year."We are seeing central banks having separation anxiety with their stimulus policies and so much stimulus tends to devalue currencies and that's the follow through from negative real rates," ETF Securities analyst Martin Arnold said."It is a cost for people to hold cash and fixed income and it devalue fiat currencies, so people are still turning to gold."Higher interest rates would lift the opportunity cost of holding non-yielding assets, while boosting the dollar.Atlanta Federal Reserve Bank President Dennis Lock hart on Thursday said he no longer expects to advocate for a US interest rate hike in April, but added there is still time for two or three rate hikes this year.The Fed will raise interest rates twice this year, most likely in June, but the probability has faded on signs of a weak start to the year, inflation that is still tame and a brittle global backdrop, a Reuters poll showed.Assets in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell to 806.82 tonnes on Thursday, the lowest in a month.Among other precious metals, silver was on track to post a 5% weekly gain, its biggest jump in six weeks. It was up 0.3% at $16.19 an ounce, after hitting its highest level since October earlier this week.Platinum was headed for its third straight weekly gain, but was down 0.6% at $983.50 an ounce, while palladium fell 0.3% at $559.40 but was poised for its best week in six with a 4.5% rise.European car sales rose 5.7% in March, industry data showed on Friday, helped by discounts and other incentives. Platinum and palladium are used in auto catalysts to clean up exhaust emissions. SPDR Gold Trust GLD, the world's largest gold-backed exchange traded fund, said its holdings stood at 812.46 up 5.64 tonnes, from previous business day. Holdings of the largest silver backed exchange-traded-fund (ETF), New York's i shares Silver Trust SLV, stood at 10366.70 down 29.59 tonnes, from previous business day.Gold imports are likely to drop 41% in April from that a year ago, a development that augurs well for the Narendra Modi government's efforts to keep current account deficit under control.San Francisco Fed President John Williams, said in his comments that he expects two – three rate hikes this year and when it happens the markets are likely not to go volatile. SPDR Gold Trust, the world's top goldbacked exchange-traded fund, said its holdings fell 0.33 percent to 815.14 tonnes on Tuesday. Given the high probabilities of rate hikes from Fed the rally in gold is likely to run into resistance shortly , at the same time as the ETF flows have also started to consolidate we might see gold prices nudging lower from current levels. For the day we therefore recommend a sell in gold.
�Crude Oil As per closing basis, WTI International posted gains around 4.50%, registering at $42.17/ bbl, whereas gains in Brent crude oil were around 4.30%, registering at $44.69/bbl . MCX crude oil showed gains around 4.35%, registering at Rs.2782/bbl . Partially supported by expected products side inventory withdrawals and partially by some of the positive outcome from the upcoming Doha meet, crude prices got catalyzed yesterday.Apart from
this, with continuous decline in US crude production levels could push down their average levels below 9 million barrels per day this time. A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices. It was the worst possible outcome for oil producers at their weekend meeting in Doha, with their failure to reach even a weak agreement showing very publicly their divisions and inability to act in their own interests. North Dakota's oil output is expected to resume large declines in March and April after a smallerthan-expected slide in February, a state regulator said on Friday, as producers continue to focus on the most economical drilling areas. Kuwait reduced its crude oil output and refining production on Sunday as part of an emergency plan to help the OPEC member deal with the largest petroleum workers' strike in years
�Base Metal Metal for delivery in far-month June contracts edged higher by Rs 2.20, or 0.69 per cent, to Rs 322 per kg in a business volume of 92 lots.Globally, copper for delivery in three months rose 2.2 per cent to USD 4,766.50 a tonne on the London Metal Exchange ( LME).Analysts said that apart from pick-up in domestic demand, a firming overseas trend after data showed a strong recovery in China's exports in March, mainly influenced copper futures here.China is the world's biggest consumer of industrial metals. At the Multi Commodity Exchange, nickel for delivery in May gained Rs 4.30, or 0.75 per cent, to Rs 577.80 per kg, in a business turnover of six lots. The metal for delivery in April rose by Rs 4.10, or 0.72 per cent, to trade at Rs 571.70 per kg in 644 lots. Analysts said apart from increased domestic demand from alloy-makers, firmness in metal at the London Metal Exchange, influenced nickel prices at futures trade.
Industrial metals fell on Friday after strong Chinese economic data raised fears that government stimulus programmes in the top metals consumer are not sustainable, and as the market also looked ahead to a key meeting of oil producers.Heavy rains in central Chile have prompted global miner Anglo American Plc and state-owned producer Codelco to temporarily suspend operations at two major copper mines with combined annual capacity of 880,000 tonnes. Aluminum Bahrain (Alba) has appointed Bechtel as contractor for the planned $3.5 billion expansion of its production facilities, it said in a bourse statement on Sunday. South Korea bought 1,000 tonnes of Belgian zinc for July 29 arrival via a tender, the state-run Public Procurement Services said on its website. China's nickel prices posted their biggest daily rise in nearly five months mid-week, boosted by speculation about planned state purchases and on reduced availability of nickel pig iron, an alternative used in stainless steel production, traders said.
âœ? NCDEX - WEEKLY NEWS LETTERS ďƒ˜ With above normal monsoon rainfall expected in 2016, the country is likely to get bumper production of rice, see increase in production of oilseeds and pulses and set stage for excellent rabi production. However, consumers will have to pay hefty price for at another five to six months for pulses till the next harvest hits markets and for sugar, currently priced at Rs 45/kg in retail, as good monsoon will not help cut the expected sugar production deficit in 2016-17. Even if the monsoon is delayed till the third week of June in Marathwada, it may not affect cotton and soyabean much. This year, we want to give a loud message for planting desi cotton, which gave yields comparable to Bt cotton due to drought conditions.
State-run Food Corporation of India (FCI) has invited bids from the scheduled banks for raising shortterm loan of Rs 20,000 crore for one month period. To meet out its short term fund requirement for procurement and distribution of food grains, the Corporation is considering raising short term loans from the scheduled Banks only for one month tenure, the FCI said in the tender document. The FCI is raising short term loan because its subsidy arrears have touched Rs 58,650 crore, as on March 31. FCI intends to raise short-term loan of Rs 20,000 crore with greenshoe option (the borrowing through STL will not exceed Rs 30,000 crore at any point of time) from scheduled banks for one month maturity. The tender was floated on April 13 and the last date for of submission of offer is April 26. Further, to bring down the subsidy arrear in this fiscal, the government had earlier said it may consider additional food subsidy over and above the budgetary provision, if required, towards the end of the current financial year. The bulk of the subsidy is paid to FCI for buying foodgrains at support price and running the public distribution system (PDS). The PDS operation cost has risen sharply in the past few years due to increase in the minimum support prices (MSP) of grains as well as high storage costs. The FCI also has a cash credit limit of Rs 54,495 crore with a consortium of 67 banks. The government has earmarked Rs 1,34,834.61 crore as food subsidy for the financial year 2016-17, out of which about Rs 1.03 lakh crore is for FCI.While, in the 2015-16 period, the government had initially allocated Rs 97,000 crore to FCI, which was later increased to Rs 1,12,000 crore at the revised estimate stage. ✍ RM Seed Mustard Seed prices closed lower by 0.87 per cent on Tuesday 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. 4,340 per quintal, down by 0.87 per cent, after opening at Rs. 4,364 against the previous closing price of Rs. 4,378. It touched the intra-day low of Rs. 4,339.
✍ Jeera Jeera prices closed lower by 3.13 per cent on Tuesday 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. 15,640 per quintal, down by 3.13 per cent, after opening at Rs. 16,055 against the previous closing price of Rs. 16,145. It touched the intraday low of Rs. 15,640.Futures started the day on a bearish note shading the previous gains on reports of upsurge in arrivals. The entire running contract tumbled by above 3 % on Tuesday. Though the prices in the physical markets were attractive, farmers brought more produce which created supply glut. Stock positions at the NCDEX accredited warehouses are 2077 tonnes and 449 MT are under process as on 10 April 2016.
✍Chana Chana prices closed lower by 2.01 per cent on Tuesday 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. 4,927 per quintal, down by 2.01 per cent, after opening at Rs. 4,999 against the previous closing price of Rs. 5,028. It touched the intra-day low of Rs. 4,898.
The National Conference on Agriculture for Kharif Campaign-2016 was organized on 11th and 12th April, 2016 at New Delhi and was inaugurated by Shri Radha Mohan Singh, Union Minister of Agriculture and Farmers Welfare.The importance of marketing reforms in agriculture sector was highlighted in the conference. It was disclosed that Government is launching the scheme for establishing National Agricultural Market (NAM) on 14th April, 2016, which will cover 200 markets by September 2016 and another 200 by March, 2017. To facilitate focused deliberations, the states were divided into thirteen groups on different topics on the first day of the campaign in which for Pulses & Oil seeds – strategy to improve productivity and production of pulses & oilseeds through improved technology package. During last week, we have seen good rally in chana prices. However after witnessing profit booking, currently at low levels there is selling pressure. Also there is imposition of 20% additional margin on long position NCDEX Chana May futures effective from today. During 2014-15 India has imported 21.95 lakh tones pulse from Canada and from April to January it was 20.04 lakh tonnes. The government, in its Second Advance Estimates for production of major crops, in February 2016, estimated the output of chana at 8.09 lt – 10 per cent higher compared to last season on a larger sowing area and better climatic conditions.
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