MCX DAILY LEVELS

DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

29 JUL 2016

115.60

114.15

112.70

112

111.30

110.55

109.80

108.40

106.90

COPPER

31 AUG 2016

331.30

327.10

323

320.40

318.80

316.20

314.70

310.50

306.40

CRUDE OIL

19 JUL 2016

3303

3221

3139

3099

3057

3017

2975

2893

2811

GOLD

05AUG 2016

33340

32776

32212

31965

31648

31401

31084

30520

29956

LEAD

29 JUL 2016

129.65

127.15

124.65

123.15

122.15

120.65

119.65

117.15

114.65

NATURALGAS

26 JUL 2016

201.90

197.30

192.70

190.50

188.10

185.90

183.50

178.90

174.30

NICKEL

29 JUL 2016

714.50

696.60

678.70

671.10

660.80

653.20

642.90

625

607.10

SILVER

05 JUL 2016

52249

50491

48733

48110

46975

46352

45217

43459

41701

ZINC

29 JUL 2016

155.65

151.80

147.95

146.15

144.10

142.30

140.25

136.40

132.55

MCX WEEKLY LEVELS

WEEKLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

29 JUL 2016

118.20

115.90

113.60

112.40

111.30

110.10

109

106.70

104.40

COPPER

31 AUG 2016

383.60

363.75

343.90

330.85

324.05

311

304.20

284.35

264.50

CRUDE OIL

19 JUL 2016

4053

3746

3439

3249

3132

2942

2825

2518

2211

GOLD

05AUG 2016

35207

34083

32959

32339

31835

31215

30711

29587

28463

LEAD

29 JUL 2016

140.50

134.75

129

125.30

123.20

119.60

117.50

111.75

106

NATURALGAS

26 JUL 2016

236.20

220.80

205.40

196.80

190

181.40

174.60

159.20

143.80

NICKEL

29 JUL 2016

824.80

773.80

722.80

693.20

671.80

642.20

620.80

569.80

518.80

SILVER

05 JUL 2016

56695

53603

50511

48999

47419

45907

44327

41235

38143

ZINC

29 JUL 2016

152.80

149.60

146.35

145.10

143.10

141.90

139.85

136.60

133.35

Monday, 18 July 2016

WEEKLY MCX CALL

BUY NATURAL GAS JUL ABOVE 188 TGT 192 SL 183
PREVIOUS WEEK CALL
SELL NATURAL GAS JUL BELOW 185 TGT 178 SL 192 - MADE LOW OF 178.90
SELL GOLD AUG BELOW 31600 TGT 31300 SL 31900 - TGT ACHEIVED.

FOREX DAILY LEVELS

DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

USDINR

27 JUL 2016

67.96

67.67

67.39

67.28

67.11

67

66.83

66.54

66.26

EURINR

27 JUL 2016

75.80

75.45

75.10

74.95

74.75

74.60

74.40

74

73.65

GBPINR

27 JUL 2016

92.10 91.35

90.65

90.25

89.95

89.55

89.20

88.50

87.80

JPYINR

27 JUL 2016

65.45

64.10

63.80

63.40

63.1

62.70

62.05

61.35

64.75

FOREX WEEKLY LEVELS

DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

USDINR

27 JUL 2016

68.4
4

68

67.60

67.37

67.15

66.95

66.75

66.30

65.90

EURINR

27 JUL 2016

77.1
0

76.25

75.45

75.15

74.65

74.30

73.85

73

72.20

GBPINR

27 JUL 2016

99.9
0

96.25

92.60

91.25

88.95

87.60

85.30

81.65

78

JPYINR

27 JUL 2016

76.1
0

72.20

68.35

65.90

64.45

62.05

60.60

56.70

52.85

WEEKLY FOREX CALL

BUY EURINR JUL ABOVE 74.86 TGT 75.40 SL 74.39
PREVIOUS WEEK CALL
BUY GBPINR JUL ABOVE 88 TGT 89 SL 87 - TGT ACHEIVED.
BUY EURINR JUL ABOVE 74.70 TGT 75.20 SL 74.20 - MADE HIGH OF 74.9825

 NCDEX DAILY LEVELS

DAILY

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20 OCT 2016 660

651

642

637

633

628

624

615

606

SYBEANIDR

20 OCT 2016 4044

3960

3876

3823

3792

3739

3708

3624

3540

RMSEED

19 AUG 2016 5248

5161

5074

5027

4987

4940

4900

4813

4726

19 AUG 2016 19910 19570 19235 19085 18890 18745 18550 18215

17871

JEERAUNJHA

EXPIRY DATE

NCDEX WEEKLY LEVELS

WEEKLY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20 OCT 2016

671

658

645

638

632

625

619

606

593

SYBEANIDR

20 OCT 2016 4223

4078

3933

3852

3788 3707

3643

3498

3353

RMSEED

19 AUG 2016 5544

5346

5148

5064

4950 4866

4752

4554

4356

19 AUG 2016 21510 20660 19815 19375 18965 18525 18110 17260

16410

JEERAUNJHA

WEEKLY NCDEX CALL

SELL GUARSEED OCT BELOW 3740 TGT 3630 SL 3860
BUY MAIZERABI AUG ABOVE 1600 TGT 1670 SL 1530
PREIOUS WEEEK CALL
BUY MAIZERABI AUG ABOVE 1611 TGT 1700 SL 1524 - NOT EXECUTED.
BUY COCUDAKL AUG ABOVE 2625 TGT 2728 SL 2519 - TGT ACHEIVED.

MCX - WEEKLY NEWS LETTERS

GLOBAL UPDATE

Crude oil prices rose slightly on Friday, ending the week higher, after data from top energy
consumers the United States and China boosted the oil demand outlook.
Holdings of the largest silverbacked exchange-traded-fund (ETF), New York's iShares Silver Trust
SLV, stood at 10842.07 tonnes, remain unchanged from previous business day. SPDR Gold Trust
GLD, the world's largest gold-backed exchangetraded fund, said its holdings stood at 962.85 tonnes,
remain unchanged from previous business day.
The global nickel market deficit widened to 11,200 tonnes in May, as low prices weighed on refined
output from top producer China while demand slowly improved, data from the International Nickel
Study Group showed on Friday.

BULLION
Precious metals prices fell on Friday and were set for its first weekly loss since May on improving global risk
sentiment and a stronger dollar after better-than-expected U.S. data. Commodity Futures Trading Commission
(CFTC) data showed. The net-long position in gold futures and options fell 5.4 percent to 271,529 contracts in
the week ended July 12. A week earlier, the holdings were 286,921, the highest in data going back to 2006. The
data released from US on Friday showed that CPI and its core CPI in June were up 0.2 percent as expected while
sales and core retail sales at 0.6 and 0.7 percent respectively beat forecasts of 0.1 percent and 0.4 percent. At the
same time, preliminary University of Michigan consumer sentiment in July was at 89.5, missing the projection
of 93.7 Holdings in exchange-traded funds backed by gold fell 2.1 metric tons to 2,001 tons as of Thursday, data
compiled by Bloomberg show. They were down 5.3 tons for the last week till Thursday. Gold prices are trading
under pressure on Monday morning as the failed attempt of military takeover in Turkey had a limited impact on
the financial markets, while the robust retail sales and industrial production numbers, pointed towards a strong
US economy. Spot gold prices are trading at $1329/ounce lower by 0.60%, while prices dropped 2.3 percent last
week to $1,327.40 an ounce, snapping six straight gains. The metal has lost 3.6 percent since reaching the
highest in more than two years on July 6.
Hedge funds and money managers again raised their net
long positions in COMEX silver futures and options to fresh record highs in the week to July 12, as spot prices
hovered near two-year highs, data showed on Friday. The data from US released on Friday showed that the
Empire State manufacturing index in July at 0.6 percent was a major miss from the 5.1 estimate. The capacity
utilization rate in June stood at 75.4 percent, slightly better than consensus, and industrial production at 0.6
percent beat the expected 0.2 percent. The Dow industrials ended at a record high on Friday and major indexes
closed a third consecutive week of gains. Similar positive mood was visible in Asian equities on Monday.

BASE METAL
Copper prices last week outperformed every metal by posting around 5% gains both at LME and As per Fridays
closing, prices didnt showed much change at MCX and LME, thus ending the week at $4923/MT and

Rs.334/kg respectively Last week, China imports showed decline in monthly figures but still on YoY basis the
ports activities, thus anticipating some fall in production figures.some supply disruptions and widening deficit in
select metals. Support was seen building in metals as disposable household income in China, adjusted for
inflation, rose 6.5 per cent in the first half of the year, compared with economic growth of 6.7 per cent, the
statistics bureau reported on Friday. Economic growth in the - second quarter was faster than expected as a
government spending spree and a housing boom boosted industrial activity. However, the statistics bureau said
on Sunday that although the wages in China kept pace with economic growth in the first half of this year, but
maintaining that would be difficult. Prices lost some ground on a late profit booking after the data release from
US on Friday, which showed that the Empire State manufacturing index in July at 0.6 percent was a major miss
from the 5.1 estimate. The capacity utilization rate in June stood at 75.4 percent, slightly better than consensus,
and industrial production at 0.6 percent also beat the expected 0.2 percent. After a decent up move we need to
wait and watch, whether the prices would manage to hold the grounds or fresh short positions will bring the
equation back to square one.
Nickel prices last week showed weekly gains more than 3%
each both at LME and MCX Though, the same declined by around 0.80% at MCX and around 1.40% at LME,
ending the weeks session at Rs.686.50/kg and $10205/MT respectively,Chinas customs data showed heavy
decline in nickel imports, due to which negativity prevailed in the metal, latest release showed that deficit for
refined nickel market in May month widened to 11,200 tonnes .As per the data, world production of primary
nickel fell to 164,700 tonnes for the month while usage edged up to 175,900tonnes.

ENERGY
Crude oil prices rose slightly on Friday, ending the week higher, after data from top energy consumers the
United States and China boosted the oil demand .North Dakota's oil output rose in May, a surprising increase
due to crude prices that inched up during the month, helping to reverse five months of production declines. The
second-largest oilproducing state after Texas pumped 1,041,981 barrels of crude per day (bpd) in May, up from
1,047,364 bpd in April, according to the state's Department of Mineral Resources, which reports on a two-month
lag.Saudi Arabia's energy minister said on Sunday the kingdom always reacts to oil market supply and demand
and it would continue to monitor crude markets for any developments.Guards protesting over pay shut the
eastern Libyan oil terminal of Hariga on Sunday, delaying two shipments of crude, a port official said. He said
the protest had delayed two tankers, one of which was already docked at the port, with the second scheduled to
dock later on Sunday. Hariga has an export capacity of about 120,000 barrels per day

NCDEX - WEEKLY NEWS LETTERS

India's import of vegetable oils increased by 15 per cent to 11.69 lakh tonnes last month on rising
shipments of refined palm oil, industry body SEA said, while seeking change in duty structure to
protect domestic processors. Solvent Extractors' Association (SEA) demanded that duty difference
between crude and refined vegetable oils should be increased from 7.5 per cent to 15 per cent. At
present, import duty on crude edible oil is 12.5 per cent and refined edible oil at 20 per cent. "Import
of vegetable oils during June, 2016 is reported at 11,69,456 tonnes compared to 10,16,297 tonnes in
June, 2015," SEA said in a statement

Excess monsoon rainfall, especially in the last fortnight, has boosted sowing of kharif crops such as

rice, pulses, oilseeds and cotton besides improving the water level in 91 key reservoirs across the
country. According to ministry of agriculture data released on Friday, kharif sowing so far has
surpassed last years sowing marginally by 2%.

Indian sugar stockpiles will fall to their lowest in over a decade next year as consumption outstrips
supply, but will still be sufficient for the worlds top sugar consumer, Indias sugar millers said.
Drought in the past two years in India and in the worlds second-largest sugar producer Thailand has
shrivelled sugar cane and cut supply. International sugar futures reach a near four-year high in late
June. Indian output in the 2016-2017 crop year should fall to around 23.3 million tonnes, down from
25.1 million tonnes the year earlier due to the drought, said Indian Sugar Mills Association President
Tarun Sawhney in an interview with Reuters in Bangkok on Friday. With consumption at 26 million
tonnes, India would draw down around 2.7 million tonnes from stocks to leave them at 4.3 million
tonnes at the end of the 2016-2017 crop year,Indian sugar prices have surged over 50 per cent since
October and contributed to inflation, but Mr.Sawhney said there was no reason for a change in
government policy to encourage sugar imports.

JEERA
Jeera futures were up 1 due to buying at lower levels after prices fell in the last two consecutive sessions. most
active August contract ended up 1.34% at 18,965 rupees per 100 kg, after touching a high of 19,040 rupees.
prices showed a mixed trade. The exchange deliverable quality jeera in Unjha was up 50-100 rupees at 18,50018,600 rupees per 100 kg. Arrivals were pegged at 3,000 bags (1 bag = 55 kg) compared with 4,000 bags on
Thursday. Total stocks in NCDEX warehouse as of 15th July 2016 increased from previous day to 4801 tonnes
and 597 tonnes are in process. Steady sentiments in the market due to higher domestic demand amid lower
arrivals supported the positive trend for jeera futures. Export demand has been steady and hence market
recovered from its fall and traded higher. On spot market front, at Unjha market jeera prices traded at
Rs.18055/ql. Stock positions at the NCDEX accredited warehouses are 4801 tonnes and 597 MT are in process
as on 15 July 2016

TURMERIC
Turmeric futures resumed trade in positive direction anticipating pickup in domestic demand in the coming days.
Aug futures closed the trade at Rs.8114/ql, up by 1.99% while Sept futures closed with gains of 2.41% from its
previous close. Sowing in Telangana as on 13th July was at 28068 hectares, lower by 4% compared to previous
year sowing of 29359 hectares while in AP, sowing area was down by 16% y/y. Slower progress of sowing
during the last week also supported the market to trade higher. At Erode market, erode finger traded steady at
Rs.8600-8800/ql while bulb variety traded with loss of Rs.100 at Rs.8100-8300/ql with arrivals at 2500 bags. At
Duggirala market , turmeric bulb closed lower at Rs. 6315-7725 per quintal, lower by 10.43 per cent from
previous trading day. Total arrivals were at 403 quintals, lower by 440 quintals as against previous day.
Turmeric finger finished lower at Rs. 6315-7950 per quintal, down by 6.47 per cent against previous trading day.
At Salem market, turmeric bulb traded high at Rs. 7350-8200 per quintal, higher by 0.24 per cent as against
previous day. Arrivals remained steady at 1 quintals. Turmeric finger traded high at Rs. 7880-8540 per quintal,
up by 0.23 per cent against previous trading day.

 RM SEED
Mustard seed futures continue its uptrend last week due to good demand expected in coming weeks. The Aug16
contract ended 0.02% higher to settle at Rs. 4,977 per quintal. The mustard prices are moving in sideways to
higher on anticipation of limited supplies during the monsoon and good demand for oil from industrial buyers.As
per latest USDA report, global rapeseed production for 2016-17 is forecast at 66.5 mt, higher by 389,000 tons
this month. Canada production is forecast at 16.4 mt, lower than 2015-16 at 17.2 mt. For Canada, production is
forecast 900,000 tons higher. The better 2016- 17 crop outlook for Canada is partially offset this month by a
reduction for the EU rapeseed crop, forecast down 600,000 tons to 21.2 mt.

CORIANDER
Coriander futures gained due to pick up in demand from domestic and overseas buyers. The most active August
cardamom contract closed higher tracking the rise in spot price. Futures also gained due to short covering after
prices declined in the previous session. Coriander prices in major spot markets of Rajasthan remained steady.
The badami machine clean variety was sold at 7,700 rupees per 100 kg. Arrivals in major spot markets in
Rajasthan were pegged at 10,500 bags (1 bag = 40 kg), up from 8,500 bags on Thursday. Total stocks of
coriander in NCDEX accredited warehouses as on 15th July 2016 declined. Hence, coriander Aug contract
ended the day at Rs.7734 per quintal, up by 1.1%. On spot market front, at Kota market, Coriander Eagle variety
traded at Rs. 6480 per quintal, up by Rs.80 with total arrivals reported at around 158 tonnes. Stock positions at
the NCDEX accredited warehouses are 4165 tonnes and 20 MT are in process as on July 15, 2016.

SOYABEAN
Soyabean sowing was recorded at 96.6 lh, same as from a year ago as per the government data. Sowing progress
in leading soybean producers like Madhya Pradesh, Maharashtra, and Rajasthan improved following good rains
during July. Soybean acreage in the country is likely to decline 3.5% on year to 11.2 mln ha in 2016-17 (JulJun),
as farmers may switch to pulses and coarse cereals in Madhya Pradesh and Rajasthan. There are reports of lesser
sowing area but may not affect the yield in the country due to hopes of above normal rains this year. soybean
futures fell Friday on forecast of cooler and wetter weather reduces the worries for U.S. crops progress. As per
USDA report, prospects for U.S. soybean exports have brightened considerably since January as strong global
demand, accompanied by shortfalls in projected South American production. The export forecast for 2016/17 is
raised to a record 52.3 mt, 4 % above the previous record set in 2014/15. Soya oil futures closed higher last week
tracking international edible oil market. Ref Soy oil Aug16 expiry closed 0.21% higher to settle at Rs. 634.2/ 10
kg during last week trade. However, sufficient stocks in pipeline and steady demand in the physical market may
keep the prices down. Prices have been under pressure due to sufficient supplies in the physical market and weak
physical demand, which is indicated by decline in edible oil imports last month. Government revised down the
tariff value for Crude Soy Oil to 765$ /tonne against 800$ earlier.

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