Aluminium futures dip 0.25% on sluggish spot demand

Aluminium futures were trading lower during the noon trade in the domestic market on Monday as speculators cut down bets amid subdued demand from consuming industries at spot market. Analysts said offloading of positions by participants due to tepid demand from consuming industries in the spot market, mainly influenced aluminium prices at futures trade.

At the MCX, aluminium futures for November 2017 contract is trading at Rs 140.60 per kg, down by 0.25 per cent, after opening at Rs 140.90, against a previous close of Rs 140.95. It touched the intra-day low of Rs 140.50 .

SELL NICKEL BELOW 829 TGT 821 SL ABOVE 840

BUY SILVER ABOVE 39200 TGT 39400 SL BELOW 38950

SELL COPPER BELOW 450.50 TGT 448.50 SL ABOVE 453.50

BUY GOLD ABOVE 29150 TGT 29220 SL BELOW 29060

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पूरे देश में लागू होगा समान मंडी टैक्स!

पूरे देश भर में मंडी टैक्स और मार्केट फी को एक समान करने कि दिशा में पीएमओ ने कवायद शुरू की है जिसके तहत प्रधानमंत्री कार्यालय ने वाणिज्य मंत्रालय को चिठ्ठी लिखी है कि एक समान मंडी टैक्स की संभावनाएं तराशी जाएं। बता दें की राज्यों में अलग-अलग मंडी टैक्स लगता है।

ऑल इंडिया राइस एक्सपोर्टर्स एसोसिएशन ने पीएमओ को इस बारे में चिठ्ठी लिखी थी जिसके बाद पीएमओ ने ये कदम उठाया है। गौरतलब है कि पंजाब में 6 फीसदी, हरियाणा में 4 फीसदी, दिल्ली में 1 फीसदी, एमपी में 0.20 फीसदी और राजस्थान में 1.60 फीसदी मंडी टैक्स लगता है।

NCDEX Calls:

BUY CHANA NOV ABOVE 4950 TG 4965, 4985, 5015 SL 4925,

BUY TUREMRIC NOV ABOVE 7230 TG 7270, 7310, 7370 SL 7170,

MCX Calls:

BUY GOLD ABOVE 29230 TGT 29290 SL BELOW 29140

SELL ZINC BELOW 210.90TGT 210 SL ABOVE 212   

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MCX and NCDEX Trading Commodity Calls

MCX CALLS:

 

BUY CRUDEOIL ABOVE 3515 TGT -3535-3565-3615 SL BELOW 3580 CMP 3511

BUY ZINC ABOVE 212 TGT -212.50-213.20-214.20 SL BELOW 211.30 CMP 211.95

SELL LEAD BELOW 159.50 TGT 159-158.30.-157.30 SL ABOVE 160.30 CMP 159.50

NCDEX CALLS:

 
BUY CASTORSEED NOV ABOVE 4365 TG 4380, 4400, 4430 SL 4340,

BUY CHANA NOV ABOVE 4900 TG 4915, 4935, 4965 SL 4875, 

BUY JEERA NOV ABOVE 18740 TG 18820, 18920, 19060 SL 18640,

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Cotton industry body urges CCI to procure 100 lakh bales in 2017-18

With a bumper Cotton crop expected during the 2017-18 season (October-September), the Indian Cotton Federation (ICF) has urged the union government to direct the state-run CCI (Cotton Corporation of India) to procure 100 lakh bales (a bale is 170 kgs).

While a record crop of 400 lakh bales is estimated for the 2017-18 season making India the biggest producer of Cotton for the third consecutive season, mill consumption will be around 300-310 lakh bales, ICF noted.
 

Cotton sowing has reached a record high of 122.6 lakh hectares in the country during the just concluded kharif season on the back of good rainfall in key growing regions.

According to lnternational Cotton Advisory Committee's (ICAC's) latest report, a similar situation is expected in other Cotton growing countries, resulting in 75% surplus cotton globally for 2017-18.  

SELL CRUDE OIL BELOW 3535 TGT 3505 SL ABOVE 3571 

SELL NICKEL BELOW 820 TGT 812 SL ABOVE 832

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पीली मटर दाल पर इंपोर्ट ड्यूटी लगने की उम्मीद

दालों की कीमतों को थामने के लिए सरकार एक और बड़ा फैसला ले सकती है। कल ग्रुप मिनिस्टर की बैठक होने वाली है जिसमें पीली मटर आयात पर ड्यूटी लगाने पर फैसला हो सकता है। इसके अलावा  मूंगफली, सोयाबीन, सनफ्लावर और सरसों पर भी ड्यूटी लगाने का प्रस्ताव है।

 

 बुधवार को नितिन गड़करी की अध्यक्षता में होने वाली ग्रुप ऑफ मिनिस्टर की बैठक में पीली मटर दाल पर इंपोर्ट ड्यूटी लगाने का प्रस्ताव रखा जाएगा। आपको बता दें कि पीली मटर के इंपोर्ट में खासी बढ़ोतरी देखने को मिली है। 2015-16 में देश में 22.45 लाख टन पीली मटर का आयात हुआ जबकि, 2016-17 में 31.72 लाख टन पीली मटर का आयात हुआ। 

BUY CHANA NOV ABOVE 4730 TG 4745, 4765, 4795 SL 4705,

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Best Basemetal Future Calls

SELL GOLD BELOW 29270  TGT 29210 SL ABOVE 29360

BUY SILVER ABOVE 39130 TGT -39280-39480-39780 SL BELOW 38930 CMP 39130

SELL ZINC BELOW 211.30 TGT 210.80-210.10.-209.10 SL ABOVE 212 CMP 211.40

SELL CRUDEOIL BELOW 3505 TGT 3485-3455.-3405 SL ABOVE 3540 CMP 3506
 

SELL LEAD BELOW 156.50 TGT 156-155.30.-154.30 SL ABOVE 157.40 CMP 156.60

 

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Rice prices in India dip on rising supply; Thailand eyes Sri Lankan demand

Rice prices in India slipped this week on expectations of a rise in supplies from the new season crop, while rates for the staple grain edged higher in Thailand as traders were optimistic about the possibility of demand from Sri Lanka.

Thailand's benchmark 5-percent broken rice was quoted at $375-$388 a tonne, free-on-board (FOB) Bangkok, up from $375-$385 last week.

"There looks to be demand from Sri Lanka, which we're optimistic will translate into more demand for Thai rice," said a Bangkok-based rice trader.

The government of Sri Lanka has issued a tender to buy 200,000 tonnes of rice as recent floods in the country have destroyed crops.

In Thailand, however, heavy rain have not hurt crops and all of the rice has already been harvested. But, the rains have caused difficulties for shipments to be collected and delivered, which has had a negative impact on exports, traders said.

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