✍ MCX DAILY LEVELS DAILY
EXPIRY DATE R4
R3
R2
R1
PP
S1
S2
S3
S4
111
109
107
106
105
104
103
101
99
31 AUG 2015 377
369
361
356
353
348
345
337
329
CRUDE OIL
20 JUL 2015 3403 3340
3277
3241
3214
3178
3151
3088
3026
GOLD
05 AUG 2015 2645 26157 2
25862
25673
25567
25378
25272
24977
24682
LEAD
31 JUL 2015
118
117
116
115
115
114
113
112
111
NATURAL GAS
28 JUL 2015
193
189
185
183
181
179
177
173
169
NICKEL
31 JUL 2015
762
751
740
733
729
722
718
707
696
SILVER
04 SEP 2015 3553 35117 6
34698
34437
34279
34018
33860
33441
33022
132
131
130
129
128
126
124
ALUMINIUM COPPER
ZINC
31 JUL 2015
31 JUL 2015
134 136
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31 JUL 2015
112
110
108
106
105
104
103
102
98
COPPER
31 AUG 2015
393
380
367
359
354
346
341
328
315
CRUDE OIL
20 JUL 2015
3866
3664
3462
3334
3260
3132
3058
2856
2654
GOLD
05 AUG 2015 27649 26995
26341
25913
25687
25259
25033
24379
23725
LEAD
31 JUL 2015
136
129
122
118
115
111
108
101
94
NATURAL GAS
28 JUL 2015
208
199
190
185
181
176
172
163
154
NICKEL
31 JUL 2015
901
842
783
755
724
696
665
606
547
SILVER
04 SEP 2015 39553 37929
36305
35241
34681
33617
33057
31433
29809
138
134
130
126
122
114
106
ZINC
31 JUL 2015
154
146
✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 AUG 2015
584
577
570
566
563
559
556
549
542
SYBEANIDR
20 AUG 2015
3676
3615
3554
3518
3493
3457
3432
3371
3310
RMSEED
20 AUG 2015
4402
4347
4292
4264
4237
4209
4182
4127
4072
20 AUG 2015 16973 16643
16313
16106
15983 15776 15653 15323
14993
CHANA
20 AUG 2015
4830
4755
4680
4637
4605
4562
4530
4455
4380
CASTORSEED
20 AUG 2015
4156
4111
4066
4040
4021
3995
3976
3931
3886
JEERAUNJHA
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 AUG 2015
601
589
577
570
565
558
553
541
529
SYBEANIDR
20 AUG 2015
4087
3901
3715
3598
3529
3412
3343
3157
2971
RMSEED
20 AUG 2015
4638
4509
4380
4308
4251
4179
4122
3993
3864
20 AUG 2015 18273 17553
16833
16366
16113 15646 15393 14673
13953
CHANA
20 AUG 2015
5171
4368
4765
4679
4562
4476
4359
4156
3953
CASTORSEED
20 AUG 2015
4227
4160
4093
4053
4026
3986
3959
3892
3825
JEERAUNJHA
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS � BULLION Gold scaled higher on Friday, further off a four-month low, as the dollar tumbled against the euro on signs of progress in Greece's efforts to secure fresh funding. Spot gold was up 0.2 per cent at $1,161.88 an ounce by 1029 GMT. Prices touched $1,146.75 on Wednesday, their lowest since March 18, when the dollar was boosted by weakness in the euro on Greece and the tumble in Chinese stock markets. US gold for August delivery gained 0.2 per cent at $1,161.70 an ounce. The euro climbed 1.2 per cent against the dollar, making dollar-denominated assets such as gold cheaper for buyers using other currencies. "Gold is getting some support from the stronger euro but if we get a deal with Greece on Sunday, it should be bearish for gold because it removes any risk," Societe Generale analyst Robin Bhar said. "The major driver is the U.S. because we have Yellen speaking today and markets will be watching that for any clues about the rate hike." Federal Reserve Chair Janet Yellen will speak on Friday on the U.S. economic outlook at 1630 GMT. "No doubt, gold has been a profound disappointment for the bulls over the past few months ...to see repeated rallies fizzle," INTL FCStone analyst Edward Meir wrote. Physical demand remained tepid this week as prospective investors in China chased bargains in equities after a market rout, while those in India delayed purchases. The metal in India was still sold at a discount to the global benchmark. Chinese stocks rose sharply for a second day on Friday after Beijing moved to arrest a rout that pulled down key indexes by around 30 per cent from mid-June, banning shareholders with large stakes in listed firms from selling. Also aiding gold, the International Monetary Fund trimmed its forecast for global economic growth this year to 3.3 per cent from a previous estimate of 3.5 per cent, citing recent weakness in the United States. Silver was up 0.5 per cent at $15.44 an ounce, palladium rose 1.7 per cent to $648.50 an ounce and platinum gained 1.4 per cent to $1,032.50 an ounce
� Gold Gold slipped towards the four-month low on Thursday as the Federal Reserve's reiteration that US interest rateswere likely to rise this year pushed the dollar index to a six-week high.A rally in European shares after the Greek parliament passed the austerity measures demanded by its lenders to open talks on a multi-billion euro bailout also diverted some attention from gold.Spot goldwas down 0.3 per cent at $1,146.00 an ounce at 0930 GMT, while US gold futures for August delivery were down $2.70 an ounce at $1,144.70. Spot prices fell to their lowest since mid-March on Tuesday at $1,143.43 after Federal Reservechair Janet Yellen confirmed in a statement that the Fed will likely hike interest rates
later this year if the US economy expands as expected.Gold is sensitive to rising rates, which lift the opportunity cost of holding non-yielding bullion, while benefiting the dollar. "Wednesday's comments from Fed Chair Yellen, citing the likelihood of a 2015 rate rise, helped prop up the dollar and led to a slide in gold which retraced to its year-to-date lows," Mitsubishi analyst Jonathan Butler said. "Gold is now trading below the long-term basing uptrend made up of the November and March lows, with further downside in prospect if the dollar gains further, or Treasury yields rise." The Fed has indicated that the timing of a rate rise will depend on economic data. There was more evidence on Wednesday of growth improving, with industrial production rebounding last month and factory activity in New York state picking up in July. The dollar hit a six-week high versus a basket of currencies as fading concerns over Greece shifted the focus back to the outlook for yield differentials in different economies.Premiums for physical gold on the Shanghai Gold Exchange picked up slightly to $2-$4 an ounce over spot, although analysts say a slowing economy could cap demand from China, the world's top gold consumer. � Silver Tracking a weak global trend, silverfutures on Thursday dropped 0.28 per cent to Rs 35,384 per kg.At the Multi Commodity Exchange, silver for delivery in December drifted by Rs 100, or 0.28 per cent, to Rs 35,384 per kg in a business turnover of 14 lots.A weak global trend overseas following US Fed's indication of a hike in interest rate this year, pulled down silver prices at futures trade here.Meanwhile, silver was little changed at USD 15.10 an ounce in Singapore today after slumping 1.8 per cent yesterday.
� Nickel Taking weak cues from global market and muted demand at the domestic spot market, nickelpricesdropped 0.58% to Rs 739.30 per kg in futures trade on friday as traders trimmed their bets.At Multi Commodity Exchange, nickel for delivery in August was trading Rs 4.30, or 0.58%, down at Rs 739.30 per kg in a business turnover of 139 lots.The metal for delivery this month also shed Rs 3.90, or 0.53%, to Rs 732.20 per kg in a turnover of 1,317 lots.Analysts said the fall in nickel prices in futures trade is mostly attributed to a weakening trend in base metal at the London Metal Exchange (LME) and easing demand from alloy-makers at the domestic spot market.Globally, the metal used in stainless steel retreated 0.9% to $11,525 per tonne at LME.
� Zinc Zincfutures edged up 0.15% to Rs 133.05 per kg on Thursday as speculators created positions amid a rising trend in base metals overseas and better domestic demand.At the Multi
Commodity Exchange, zinc for delivery in July was up 20 paise, or 0.15%, to Rs 132.35 per kg, with a business turnover of 679 lots.The metal for delivery in August also rose a similar margin to trade at Rs 133.05 per kg, with a business turnover of 19 lots.Strength in metal at the London Metal Exchange (LME) after data showing global usage exceeded production in May drove the upside in zinc prices.Globally, zinc for delivery in three months increased as much as 0.8% to trade at nearly 1-month high of $2,093 per tonne at LME.
✍ Aluminium Taking positive cues from global market and strong demand at domestic spot markets, aluminiumpricesedged up 0.38% to Rs 106.65 per kg in futures trade on Wednesday as participants enlarged positions.Apart from increased domestic demand, a firming global trend as Chinese economic data came in ahead of estimates, boosting demand prospects in the world's biggest consumer of base metals, helped aluminium futures to trade higher.At the Multi Commodity Exchange, aluminium for delivery this month inched up by 40 paise, or 0.38%, to Rs 106.65 per kg in a business turnover of 112 lots.Likewise, the metal for delivery in August traded higher by 30 paise, or 0.28%, to Rs 108.35 per kg in five lots.
✍ Crude Oil Oil prices edged up on Friday but further gains are unlikely, owing to ongoing concerns about a global supply glut, while increasing dollar strength will also likely weigh on the downside.US benchmark West Texas Intermediate for August delivery rose 19 cents to $51.10 a barrel and Brent crude for September, a new contract, advanced 20 cents to $57.12. Crude investors continue to fret as the global economy struggles to get back up to speed, despite a strong pick-up in the United States, the world's biggest oil consumer.While fears over the Greek debt crisis abate, prices took a hit this week after crude-rich Iran and world powers agreed a historic deal to check the country's nuclear ambitions, which in turn eases crippling sanctions on its crucial oil exports.Expectations that Iranian crude would hit an already saturated market spooked dealers, although those worries subsided slightly on the realization it would not arrive until next year.A strong greenback, at highs not seen since early June, makes dollar-priced oil more expensive for traders using other, weaker currencies.
✍ NCDEX - WEEKLY NEWS LETTERS ✍ Soyameal exports Farmers engaged in soy cultivation are highly distressed as India’s soyabean meal exports have dropped drastically by about 85% from record level of 4.24 million tonnes (MT) during fiscal year (FY) 2008-09 to a meagre 0.64 million ton in 2014-15, noted a just-concluded study by apex industry body ASSOCHAM.
Looking at near normal monsoon, the country is expected to reap rich harvest of over 12 million ton soybean meal putting further pressure on the domestic prices as India has become globally in competitive and import of soy oil continues to increase. This significant slump in soybean meal exports from India is largely on account of speculation and an unrealistic approach in handling established export markets. Madhya Pradesh is known as ‘Soybean bowl of India,’ accounting for lion’s share of 60% of total production followed by Maharashtra (30%), while Rajasthan, Andhra Pradesh, Karnataka, Chhattisgarh and Gujarat together account for remaining share of 10%.Soybean scenario in India is currently at crossroads due to erratic production, declining soybean meal exports and consequent idling of plants, poor soybean oil output while edible oil imports are growing and currently account for almost 60% of country’s total requirement. Unless a targeted approach is initiated, India might permanently loose export market for soybean meal that has been so assiduously build over decades.Edible oil consumption in India is currently growing at a compounded annual growth rate (CAGR) of three% thereby placing enormous burden and dependence on imports to meet current deficit of 10 million ton due to near stagnant domestic production at about 8 million against a requirement of 18 million.”
✍ Soyabean The area under soybean cultivation has crossed 100 lakh hectares as on date as compared to 110 lakh hectares last year - a drop of 9 per cent. if rain occurs latest by July 20, then the crop development will be normal and satisfactory. There is a possibility that area under soybean this year will remain between 100 to 110 lakh hectares, In Madhya Pradesh sowing of soybean started earlier as compared to last year. In Malwa region, it has been found that approximately 2 lakh hectare area is under severe moisture stress and the crop in this area is virtually lost. Almost 80 per cent sowing of Soybean was completed during the first spell of rains in mid June. The crop sown in this spell is currently under moisture stress, but will still revive, in case the rain occurs within next 3-4 days. Otherwise, the yield in this area will be adversely affected.There has been no attack of pest and disease as of now. Subsoil moisture is still present at a depth of 2.5 to 3 inches and it can sustain the standing crop for another one week. Over all vegetative growth is average and the crop condition is also average in Madhya Pradesh.. The area under soybean cultivation in Maharashtra is satisfactory and higher than the government's normal area of 28 lakh hectares. The crop in Latur division and Marathwada is under severe moisture stress and the productivity is likely to be adversely affected. Major area in Amravati and Nagpur Division in Vidarbha region is seen to be average to fair. If the monsoon revives by early next week, it will improve the crop condition considerably, Jain said. In Rajasthan, the area under soybean is likely to touch 10 lakh hectares, helped by late rains including recent rains and available irrigation facility. The crop is reported to be quite satisfactory, SOPA chairman said.
✍ Chana Chana rose 0.56 per cent to Rs 4,432 per quintal in futures trade on Thursday as traders enlarged their holdings, driven by strong demand at the spot market.Besides, restricted arrivals of the commodity in the physical market influenced the chana prices.At the National Commodity and Derivatives Exchange, chana for July delivery rose by Rs 25, or 0.56 per cent, to Rs 4,432 per quintal, with an open interest of 3,120 lots.Similarly, chana for delivery in August increased by Rs 23, or 0.51 per cent, to Rs 4,482 per quintal, with an open interest of 1,54,500 lots.Widening of positions by speculators triggered by strong demand at the spot market, mainly pushed up chana prices. Further, fall in supplies from the producing regions of Rajasthan and Madhya Pradesh supported the uptrend.
✍ Jeera Jeera prices closed lower by 0.62 per cent on Thursday 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 July 2015 contract closed at Rs. 16,080 per quintal, down by 0.62 per cent, after opening at Rs. 16,025 against the previous closing price of Rs. 16,180., similarly in august contract jeera closed at 16150 after opening at 16200 and made a high of 16255. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries.
✍ Mustard seed Mustard seed prices closed higher by 0.59 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At the NCDEX, mustard seed futures for July 2015 contract closed at Rs. 4,239 per quintal, up by 0.59 per cent, after opening at Rs. 4,215 against the previous closing price of Rs. 4,214 similarly in august contract mustrd seed made a high of 4275 after opening at 4220 and intra day low was 4195. India produces 5.5 million MT to7 million MT annually and about 0.15 million MT is retained for sowing and direct consumption as seed which leaves about 4.8-5.1 million MT for crushing and extracting oil.
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