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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