Base metal and Agri commodity fall down

उधर बेस मेटल में आज दबाव दिख रहा है। कॉपर 1 महीने के ऊपरी स्तर से दबाव में आ गया है। बाकी मेटल में भी कमजोरी है। हालांकि चीन में एल्युमिनियम और जिंक को छोड़कर सभी मेटल तेज हैं। एमसीएक्स पर कॉपर 0.1 फीसदी टूटकर 445 रुपये के नीचे आ गया है जबकि निकेल 0.5 फीसदी टूटकर 715 रुपये के आसपास कारोबार कर रहा है।

SELL ZINC BELOW 214.80 TGT 214 SL ABOVE 215.80

SELL COPPER BELOW 442 TGT 440 SL ABOVE 445

एग्री की बात करें तो दिवाली से पहले चना 2 महीने के निचले स्तर पर आ गया है। इसमे 2 फीसदी की भारी गिरावट आई है। आमतौर पर इस समय तेजी का रुख होता है। दरअसल दूसरी दालें जमीन पर हैं। अरहर, मूंग और उड़द की कीमतें एमएसपी से 27 से 35 फीसदी तक नीचे आ गई हैं। गौर करने वाली बात ये है कि खरीफ दालों का एक्सपोर्ट खुलने और इंपोर्ट पर पाबंदी के बावजूद दाल की कीमतों को कोई सपोर्ट नहीं है। इंदौर में अरहर 4000 रुपये के नीचे बिक रही है। जबकि मूंग का दाम 4000 और उड़द 3700 रुपये क्विंटल है।

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Gold falls to seven-week low as dollar firms

Gold edged down to a 7-week low on Tuesday, as equities and the dollar were buoyed in Asian trade by upbeat economic data and strong U.S. treasury yields.

Spot gold was down 0.1 percent at $1,269.20 an ounce by 0337 GMT, after earlier touching its lowest since mid-August at $1,267.76.

U.S. gold futures for December delivery shed 0.3 percent to $1,272 an ounce.

"Gold no doubt is struggling for the moment as at least three variables are arrayed against it, namely, a stronger dollar, a higher rate environment and possibly a reduction in tensions with North Korea if tentative contacts revealed over the weekend amount to something," INTL FCStone analyst Edward Meir said in a note.

"We see gold possibly getting to a low of $1,245 before running into some credible support."

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Gold, silver trade lower

MCX Gold futures traded down by 0.15% at Rs 29,826 per 10 gram around 1015 hours, whereas MCX Silver futures traded almost flat at Rs 39,852, lower by 0.01% from its last close price. 

As per analysts, bullion counter will continue to remain sideways as the movement of US dollar, geopolitical tensions and US durable goods  order  data will influence the price movement of the precious metal.  The movement of rupee will also reflect on the prices of the precious metal. In the morning trade on Wednesday, rupee traded at 65.56, down by 11 paise.    

Following the global cues, domestic equity markets also traded down in the intraday trade on Wednesday. S&P BSE Sensex was lower by 140.91 points, or 0.45%, at 31458.85, while NSE Nifty index was down by 36.60 points, or 0.37%, at 9,834.90 at around 1126 hours.   

SELL ZINC  BELOW 208.20 TGT 207.50 SL ABOVE 209.20
 
SELL CRUDE OIL BELOW 3450 TGT 3420 SL ABOVE 3886

BUY LEAD ABOVE 162.30 TGT 161.50 SL BELOW 164.30

SELL GOLD BELOW 29870 TGT 29810 SL ABOVE 29960

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Accurate Commodity Levels

SELL GOLD BELOW 29530 TGT 29470 SL ABOVE 29611
 
SELL CRUDE OIL BELOW 3285 TGT 3255 SL ABOVE 3321

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Mentha oil futures up on increasing demand

Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

At the MCX, mentha oil futures for September 2017 contract was trading at Rs 1171.10 per kg, up by 0.33 per cent, after opening at Rs 1164.60, against the previous closing price of Rs 1167.30. It touched the intra-day high of Rs 1171.10

 

MCX TIPS

 

SELL LEAD BELOW 156.60 TGT 155.80 SL ABOVE 157.50

SELL ZINC BELOW 202 TGT 201 SL ABOVE 203
 

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Lead futures dip on subdued demand

Lead futures were trading lower during the afternoon trade in the domestic market on Tuesday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

At the MCX, lead futures for September 2017 contract is trading at Rs 152.30 per kg, down by 0.13 per cent, after opening at Rs 151.90, against a previous close of Rs 152.50. It touched the intra-day low of Rs 151.65.

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SELL COPPER BELOW 423 TGT 421 SL ABOVE 426

SELL CRUDE OIL BELOW 3225 TGT 3195 SL ABOVE 3161 

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Nickel futures dip on easing demand

 
Copper futures were trading lower during the noon trade in the domestic market on Thursday as speculators offloaded their positions amid a weak trend in global markets.

Marketmen attributed the fall in copper futures to weakness in metal at the London Metal Exchange (LME) on profit-taking, rising inventories at the exchange's warehouses, nervousness about demand in China and a higher dollar.

At the MCX, copper futures for November 2017 contract was trading at Rs 422.00 per kg, down by 0.52 per cent, after opening at Rs 423.95, against a previous close of Rs 424.20. It touched the intra-day low of Rs 421.15

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Cardamom futures up on rising demand

Cardamom futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices.

At the MCX, cardamom futures for October 2017 contract was trading at Rs 1191.40 per kg, up by 0.54 per cent, after opening at Rs 1195, against a previous close of Rs 1185. It touched the intra-day high of Rs 1195.

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Lead futures down on easing demand

Lead futures were trading lower during the afternoon trade in the domestic market on Friday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

At the MCX, lead futures for September 2017 contract is trading at Rs 146.80 per kg, down by 1.54 per cent, after opening at Rs 148.95, against a previous close of Rs 149.10. It touched the intra-day low of Rs 146.60.

 

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SELL CRUDEOIL BELOW  3135 TGT  3115-3085-3035 SL ABOVE 3175 CMP 3135

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Essar Oil announces $250 mn capex for UK refinery

Ruia brothers led Essar Oil UK on Wednesday announced its plans to invest $250 million in capital expenditure and maintenance at Stanlow refinery to boost production and revenues.

"Major investment in 2018 will increase annual throughput from 68 million to 75 million barrels," the company said in a release here. 

Essar Oil UK Non-Executive Chairman Prashant Ruia in a statement said the major investment "we have confirmed in Stanlow will materially increase throughput and further grow revenues, building on the tremendous progress we have made in turning around the business over the past six years".

"Essar has committed this year to a significant multi-million dollar capex investment in the Tiger Cub project at Stanlow to deliver improved yields across the product slate and drive revenue growth," Chief Executive Officer S. Thangapandian said.

Essar Oil UK owns and operates the Stanlow refinery complex, which produces over 16 per cent of transport fuels in the UK, the company said.

 

BUY ALUMINIUM ABOVE 133.30 TGT 133.80-134.50-135.50 SL BELOW  132.50 CMP 133.30 

 

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Copper futures surge 0.91% on robust demand

Copper futures were trading higher during the noon trade in the domestic market on Monday amid pick-up in demand at the domestic spot markets. Marketmen attributed the rise in copper futures to a rising demand from consuming industries at domestic spot markets.

At the MCX, copper futures for November 2017 contract was trading at Rs 445.95 per kg, up by 0.91 per cent, after opening at Rs 443.10, against a previous close of Rs 441.95. It touched the intra-day high of Rs 447.50. 

BUY ALUMINIUM ABOVE  135.30 TGT 135.80-136.50-137.50 SL BELOW 134.50 CMP 135.30

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Mentha oil futures rise on surging demand

Mentha oil futures were trading higher during the morning trade in the domestic market on Friday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

At the MCX, mentha oil futures for September 2017 contract was trading at Rs 1198 per kg, up by 0.74 per cent, after opening at Rs 1195.30, against the previous closing price of Rs 1189.20. It touched the intra-day high of Rs 1201.50. 

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SELL COPPER BELOW 440.80 TGT 438 SL ABOVE 444

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