PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact



Commodity Report Ways2Capital 9 may 2016 .pdf



Original filename: Commodity Report Ways2Capital 9 may 2016.pdf

This PDF 1.5 document has been generated by Microsoft® Office Word 2007, and has been sent on pdf-archive.com on 09/05/2016 at 10:25, from IP address 111.118.x.x. The current document download page has been viewed 225 times.
File size: 864 KB (10 pages).
Privacy: public file




Download original PDF file









Document preview


✍ MCX DAILY LEVELS
DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

31MAY 2016

111.65

110

108.35

107.35

106.70

105.70

105.05

103.40

101.75

COPPER

30 JUN 2016

333.25

328.90

324.55

322.35

320.20

318

315.85

311.50

307.15

CRUDE OIL

19 MAY 2016

3295

3186

3077

3027

2968

2918

2859

2750

2641

GOLD

03 JUN 2016

31526

31106

30686

30532

30266

30112

29846

29426

29006

LEAD

31MAY 2016

121.35

119.65

117.95

117.20

116.25

115.50

114.55

112.80

111.15

NATURAL GAS

25 MAY 2016

151.80

147.60

143.40

141.70

139.20

137.50

135

130.80

126.60

NICKEL

31MAY 2016

637.20

626.20

615.20

609.80

604.20

598.80

593.20

582.20

571.20

SILVER

05 JUL 2016

43667

42968

42269

42000

41570

41301

40871

40172

39473

ZINC

31MAY 2016

132.45

129.95

127.45

126.50

124.95

124

122.45

119.95

117.45

✍ MCX WEEKLY LEVELS
WEEKLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

31MAY 2016

125

119.30

113.65

110.05

108

104.40

102.40

96.70

91.05

COPPER

30 JUN 2016

392.75

370.55

348.35

334.25

326.15

312.05

303.95

281.75

259.55

CRUDE OIL

19 MAY 2016

3518

3339

3160

3068

2981

2889

2802

2623

2444

GOLD

03 JUN 2016

32292

31614

30936

30657

30258

29979

29580

28902

28224

LEAD

31MAY 2016

133.15

127.90

122.65

119.55

117.40

114.30

112.15

106.90

101.65

NATURAL GAS

25 MAY 2016

167.80

159.70

149.60

144.80

140.50

135.70

131.40

122.30

113.20

NICKEL

31MAY 2016

.
766.20

716..10

666

635.20

615.90

585.10

565.80

515.70

465.60

SILVER

05 JUL 2016

46887

45207

43527

42629

41847

40949

40167

38487

36807

ZINC

31MAY 2016

146.65

139.85

133.05

129.30

126.25

122.50

119.45

112.65

105.85

Monday, 09 May 2016

WEEKLY MCX CALL
BUY GOLD JUN ABOVE 30000 TGT 30300 SL 29700
SELL ZINC MAY BELOW 124.50 TGT 122.50 SL 126.50

PREVIOUS WEEK CALL
SELL CRUDEOIL MAY BELOW 3020 TGT 2960 SL 3106 - MADE LOW OF 2894
BUY LEAD MAY ABOVE 120.50 TGT 122.30 SL 119.20 - NOT EXECUTED.

✍ FOREX DAILY LEVELS
DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

USDINR

27 MAY 2016

67.10

67

66.90

66.85

66.80

66.75

66.65

66.60

66.55

EURINR

27 MAY 2016

76.95

76.75

76.55

76.45

76.30

76.25

76.10

75.90

75.65

GBPINR

27 MAY 2016

98.05

97.65

97.25

97.05

96.85

96.65

96.45

96.05

95.65

JPYINR

27 MAY 2016

63.20

62.95

62.70

62.55

65.45

62.30

62.15

61.90

61.65

✍ FOREX WEEKLY LEVELS
DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

USDINR

27 MAY 2016

68.1
0

67.65

67.20

67

66.75

66.55

66.35

65.90

65.45

EURINR

27 MAY 2016

80.1
5

78.95

77.80

77.10

76.65

75.90

75.45

74.30

73.15

GBPINR

27 MAY 2016

102.
70

100.85

99.05

97.95

97.25

96.15

95.40

93.60

91.80

JPYINR

27 MAY 2016

65.4
5

64.50

63.50

63

62.55

62

61.60

60.60

59.65

WEEKLY FOREX CALL

SELL GBPINR MAY BELOW 96.40 TGT 95.70 SL 97.10
SELL USDINR MAY BELOW 66.80 TGT 66.40 SL 67.20
PREVIOUS WEEK CALL
SELL EURINR MAY BELOW 76.25 TGT 75.90 SL 76.61 - NOT EXECUTED.
SELL GBPINR MAY BELOW 97.29 TGT 96.80 SL 97.76 - TGT ACHEIVED.

✍NCDEX DAILY LEVELS
DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20 JUN 2016

677

669

661

658

653

650

645

637

629

SYBEANIDR

20 JUN 2016

4201

4153

4105

4079

4057

4031

4009

3961

3913

RMSEED

20 JUN 2016

4665

4592

4519

4491

4446

4418

4373

4300

4227

JEERAUNJHA

20 JUN 2016

18200

17840

17480

17275

17120

16915

16760

16400

14040

CHANA

20 JUN 2016

5924

5817

5710

5660

5603

5553

5496

5389

5282

✍NCDEX WEEKLY LEVELS
WEEKLY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20 JUN 2016

707

689

671

663

653

645

635

617

599

SYBEANIDR

20 JUN 2016

4495

4358

4221

4137

4084

4000

3947

3810

3673

RMSEED

20 JUN 2016

4881

4729

4577

4520

4425

4368

4273

4121

3969

JEERAUNJHA

20 JUN 2016

21190

19890

18585

17825

17285

16525

15975

14675

13365

CHANA

20 JUN 2016

6156

5962

5768

5689

5574

5495

5380

5186

4992

WEEKLY NCDEX CALL
SELL CHANA JUN BELOW 5659 TGT 5578 SL 5733
BUY DHANIYA JUN ABOVE 7240 TGT 7350 SL 7124
PREIOUS WEEEK CALL
BUY REFSOYA JUN ABOVE 658.50 TGT 668 SL 648 -NOT EXECUTED.
BUY CHANA JUN ABOVE 5581 TGT 5681 SL 5478 - MADE HIGH OF 5643.

MCX - WEEKLY NEWS LETTERS
INTERNATIONAL NEWS
✍Major News
The step down in job gains could temper expectations of a strong rebound in economic activity in the second
quarter after growth nearly stalled in the first three months of the year.U.S. oil drillers cut rigs for a seventh
week in a row to the lowest level since October 2009, oil services company Baker Hughes Inc said Friday,
although as analysts see an end to the nearly two-year slump in drilling for new wells. Drillers cut four oil rigs in
the week to May 6, bringing the total rig count down to 328, that compares with the 668 rigs operating a year
ago, Baker Hughes said in its closely followed report.The Federal Reserve might still raise U.S. interest rates
twice this year, New York Federal Reserve President William Dudley said on Friday. Two rate hikes remain a
"reasonable expectation" despite hiring data for April that was lower than investors expected, Dudley said in an
interview with the New York Times.US Nonfarm payrolls increased by 160,000 jobs last month as construction
employment barely rose and the retail sector shed jobs for the first time since December 2014, the Labor
Department said on Friday. The unemployment rate held at 5.0 percent last month that was because people
dropped out of the labor force.

✍Bullion
The U.S. economy added the fewest number of jobs in seven months in April and Americans dropped out of the
labor force, signs of weakness that left some economists anticipating only one interest rate hike from the Federal
Reserve this year. Nonfarm payrolls increased by 160,000 jobs last month as construction employment barely
rose and the retail sector shed jobs for the first time since December 2014, the Labor Department said on Friday.
Though the unemployment rate held at 5.0 percent last month that was because people dropped out of the labor
force. The step down in job gains could temper expectations of a strong rebound in economic activity in the
second quarter after growth nearly stalled in the first three months of the year. The Labor Department report
showed the U.S. economy added 160,000 jobs in April, the fewest in seven months, and Americans dropped out
of the labor force in droves, signs of weakness that cast doubts on whether the Fed will lift rates before the end
of the year. Spot prices are up 21 percent this year on expectations the Fed will delay further rate hikes. Gold is
highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding bullion. U.S. short-term
interest rate futures contracts rose after the payrolls data, suggesting traders see a better chance the Fed will wait
longer to act. Investor sentiment toward gold showed signs of optimism. Assets of SPDR Gold Trust, the world's
largest gold-backed exchange-traded fund, rose to the highest in over two years on Thursday at 829.44
tonnes.Gold jumped 1 percent on Friday after U.S. non-farm payrolls data for April came in weaker than
expected, boosting expectations the Federal Reserve will delay further interest rate increases.

✍Energy
Oil prices edged up on Friday, supported by an early dip in the dollar and a wildfire that has shrunk Canadian oil
sands crude output by a third, but Brent still ended with its sharpest weekly drop in four months as investors
cashed out of April's big rally. Crude oil prices rose by 0.31 per cent on Thursday as regional investors took a
drop in US production as bullish. Investors digested the sharpest one-week production decline in US production
in nearly a year and a stronger than expected build in domestic crude stockpiles last week. At the MCX, crude
oil futures for May 2016 contract were trading at Rs. 2,978 per barrel, up by 2.65 per cent, after opening at Rs.

2,925 against the previous closing price of Rs. 2,901. It touched the intra-day high of Rs. 2,985 till the trading.
(At 12.45 PM today). However, gains were limited after the US Energy Information Administration (EIA) said
in its Weekly Petroleum Status Report that US commercial crude inventories increased by 2.8 million barrels for
the week ending on April 29 in comparison with the previous week indicating that the demand for the
commodity in US, world’s largest consumer of crude oil is weak.

✍Base Metal
Tracking a weak trend in base metals overseas and subdued domestic demand, copper prices fell by 0.79% to Rs
333.30 per kg in futures trade today, as traders trimmed positions. Analysts attributed the fall in copper futures to
a weak trend in base metals following disappointing China's latest PMI data. China's April official
manufacturing purchasing managers index fell to 50.1 from 50.2 in March, signalling a modest weakening of
momentum for the world's second-largest economy despite easy-credit policies and a stronger real-estate market.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.65, or 0.79%, to Rs 333.30 per kg,
in a business turnover of 1,290 lots. The metal for delivery in far-month August also fell by a similar margin to
trade at Rs 337.65 per kg in a turnover of nine lots.
Nickel gained more than 11 percent last month on speculation over the potential
for improved demand from stainless steel mills in China. .Nickel futures were trading higher during noon trade
in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid
a pickup in physical demand for Nickel from alloy-makers in the domestic spot market. However, the gains in
the metal were restricted by diminishing hopes over a pickup in demand from China, the world’s biggest metals
consumer, as the country’s private sector activity expanded at a slower pace in April, with the Composite PMI
falling to 50.8 in April from 51.3 in March, but remaining above the neutral 50-mark. Nickel futures for May
2016 contract, at MCX, were trading at Rs 603.20 per kg, up by 0.92 per cent after opening at Rs. 599, against
the previous closing price of Rs. 597.7. It touched the intra-day high of Rs. 604.50.
Zinc prices fell by 0.36 per cent as speculators reduced positions in the midst of a weak trend globally. Price
further fell due to low demand in domestic spot markets. Zinc futures for May 2016 contract, at MCX, were
trading at Rs 123.45 per kg, down by 0.36 per cent after opening at Rs. 123.85 against the previous closing price
of Rs. 123.90. It touched the intra-day low of Rs.123.40 till the trading. (At 11.26 AM today). However, losses
were limited due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the
strong demand for the commodity. LME zinc stocks falls to 396400 metric tonnes as on May 6, 2016. Major
refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing
countries are China, USA and Germany.
Lead prices fell by 0.94 per cent at the domestic markets due
to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the
commodity. LME lead stocks rose by 550 metric tonnes to 174675 metric tonnes as on May 5, 2016. At the
MCX, Lead futures, for the May 2016 contract, is trading at Rs 116.30 per kg, down by 0.94 per cent, after
opening at Rs 117.25, against a previous close of Rs 117.40. It touched an intra-day low of Rs 116.10 till the
trading. Prices also fell 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.

✍ NCDEX - WEEKLY NEWS LETTERS
✍Major News
India has received foreign direct investment (FDI) of $397.08 million in the last four years for promotion of its
agriculture sector, with maximum inflows from Mauritius followed by Singapore and Germany. Foreign
investment of $397.08 million was received for promoting the country's agriculture sector during April 2012 and
February 2016. Maximum inflow of $141.69 million FDI was from Mauritius, followed by Singapore $119.95
million, Germany $25.74 million, France $20.71 million and the US $20.60 million in the said period, he said.
The minister placed the FDI inflow data of 30 countries before the Upper House. Under the MoU signed with
Israel, the minister said the action plan for 2015-18 is under way and centres of excellence for vegetables and
fruits and integrated bee keeping development, among others, will be set up in 21 states.The technology transfer
and training is provided by Israeli experts through their visits to India. Indian scientists and experts also visit
Israel to get training before imparting technology at the field level in areas of energy-efficient green houses,
precision irrigation and recycling of domestic waste for irrigation, among others, he added.

✍Jeera
Jeera prices closed lower by 0.5 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 May 2016 contract closed at Rs. 16,845 per quintal, down by 0.5 per
cent, after opening at Rs. 16,890 against the previous closing price of Rs. 16,930. It touched the intra-day low of
Rs. 16,820. According to Department of Commerce data, the export of jeera during Apr until Jan 2015-16 is
71983 tonnes, compared to 137742 tonnes during the same period last year. Stock positions at the NCDEX
accredited warehouses are 3540 tonnes and 170 MT are in process as on 4 th May 2016.

✍RM Seed
Mustard seed prices closed higher by 0.48 per cent on Friday 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 May 2016 contract closed at Rs. 4,390 per quintal, up by 0.48 per cent,
after opening at Rs. 4,361 against the previous closing price of Rs. 4,369. It touched the intra-day high of Rs.
4,404.

✍Chana
Chana prices closed higher 0.44 per cent on Friday at the National Commodity & Derivatives Exchange Limited
(NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market.
At the NCDEX, chana futures for May 2016 contract closed at Rs. 5,527 per quintal, up by 0.44 per cent, after
opening at Rs. 5,510 against the previous closing price of Rs. 5,503. It touched the intra-day high of Rs. 5,578.
Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also
influenced the chana prices. Central government has given instruction on Wednesday to import 26000 tonnes of
pulses form April onwards and out of which 10000 tonnes of pulses have already reached in the country. In

order to reduce the prices of pulses in Delhi central government has supplied 400 tonnes of urad and tur which
would be sold at Rs.120 per Kg through central repository outlets from Wednesday. According to food ministry
in the country during 2015-16, pulses import has been 58 lakh tonnes while during 2014- 15, it was 46 lakh
tonnes.However despite the high import of pulses, it is lower than the demand.Total supply of pulses in the
country during the year 2015-16 is recorded about 229 lakh tonnes while the demand is about 237 lakh tonnes.
According to latest data from the Canadian Grain Commission, during the week ended April 24 Canada has
exported 30,400 tonnes of peas and only 200 tonnes of lentils.

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.

DISCLOSURE
High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies
covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures
that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have
resolved that the company and all its representatives will not make any trades in the market.
Clients are advised to consider information provided in the report as opinion only & make investment decision
of their own. Clients are also advised to read & understand terms & conditions of services published on website.
No litigations have been filed against the company since the incorporation of the company.


Related documents


PDF Document commodity research report 06 march 2017 ways2capital
PDF Document commodity research report 15 may 2017 ways2capital
PDF Document commodity research report 08 may 2017 ways2capital
PDF Document commodity research report 31 july 2017 ways2capital
PDF Document mcx india commodity news 3
PDF Document commodity research report 10 april 2017 ways2capital


Related keywords