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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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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India drags feet on GM mustard permit amid powerful opposition

India has frozen requests to commercially release a locally developed genetically modified mustard, an environment ministry document released on Tuesday showed, amid stiff opposition to lab-altered food from domestic activists and politicians.

The mustard variety would have been the first transgenic food crop to be allowed for commercial cultivation. But the environment ministry's Genetic Engineering Appraisal Committee (GEAC) has deferred approval despite a panel the ministry supervises giving the genetically modified (GM) mustard technical clearance last year.

"Subsequent to receipt of various representations from different stakeholders, matters related to environmental release of transgenic mustard are kept pending for further review," the GEAC said in minutes of a meeting released on the environment ministry's website marked "confidential and restricted circulation".

Cotton is the only GM crop currently allowed to be sold in the world's second most populous country where arable land is shrinking. U.S. company Monsanto Co dominates the cotton seed market in India, and often faces resistance from local companies over its position.

BUY GOLD ABOVE 29520 TGT 29580-29660-29780 SL BELOW 29440 CMP 29513

BUY LEAD ABOVE 161.80 TGT 162.30-163-164 SL BELOW 161 CMP 161.80

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India's wheat planting likely to surpass last year's planting

India's wheat planting is expected to surpass last year's 31 million hectares on the back of better water availability and soil moisture.

According to officials, wheat planting has begun in irrigated parts of Madhya Pradesh and Gujarat and will pick up in other regions, including Punjab and Haryana, in the coming days.

India, the world's second-largest producer of wheat, recorded a bumper crop of 98.38 million tonnes last year. For 2017-18, the government has set a target of 97.50 million tonnes.

Last season, wheat planting topped the previous year's 31.55 million hectares by 8%. Higher acreage supported by good prices would increase farmers' income and lower the country's dependence on imports.

According to trade figures, the country has already imported 1 million tonnes of the commodity this year. As on October 1, the government's wheat stock stood at about 25.3 million tonnes.

एग्री कमोडिटी की बात करें तो एनसीडीईएक्स पर सरसों का नवंबर वायदा 0.75 फीसदी की उछाल के साथ 3930 रुपये पर कारोबार कर रहा है। धनिया का नवंबर वायदा 0.8 फीसदी की मजबूती के साथ 5050 रुपये पर कारोबार कर रहा है।

BUY SILVER  ABOVE 39700 TGT 39900 SL BELOW 39450

SELL LEAD BELOW 161 TGT 160.30 SL ABOVE 162
 
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Latest trends & updates from the commodities market

एमसीएक्स पर आज से गोल्ड ऑप्शंस शुरु होने जा रहा है। दिल्ली में वित्त मंत्री अरुण जेटली ने इसे लॉन्च किया। सेबी की इजाजत के बाद से गोल्ड ऑप्शंस को लेकर तैयारियां चल रही हैं। लंबे समय तक मॉक ट्रेडिंग भी हुई। अंतत: आज धनतेरस के मौके पर एक्सचेंज गोल्ड ऑप्शंस शुरू करने जा रहा है। इसमें एमसीएक्स के गोल्ड वायदा में ही ऑप्शंस ट्रेडिंग होगी।

इस बीच ग्लोबल मार्केट में सोने में बेहद छोटे दायरे में कारोबार हो रहा है। कल 1300 डॉलर का स्तर छूने के बाद इसमें दबाव दिखा है और फिलहाल ये 1295 डॉलर के नीचे कारोबार कर रहा है। चांदी में हालांकि तेजी जारी है और इसका दाम 17 डॉलर के ऊपर है। एमसीएक्स पर सोना 0.3 फीसदी की कमजोरी के साथ 29760 रुपये के आससास नजर आ रहा है। वहीं, चांदी 0.5 फीसदी की कमजोरी के साथ 40150 रुपये के आसपास करोबार कर रहा है।

एग्री कमोडिटीज में एनसीडीईएक्स पर चने का नवंबर वायदा 0.02 फीसदी की मामूली गिरावट के साथ 5236 रुपये के आसपास कारोबार कर रहा है। वहीं, धनिया का नवंबर वायदा 1.1 फीसदी की बढ़त के साथ 4940 रुपये के आसपास दिख रहा है।

BUY CHANA NOV.ABOVE 5226 TGS 5236-5245-5255 SL 5190

BUY SOYBEAN NOV.ABOVE 2920 TGS 2930-2938-2945 SL 2900 

 

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Palm oil demand strong as top buyers China, India restock inventories

Palm oil demand is expected to remain robust for the rest of the month as key consumer countries India and China rebuild low stock levels, bucking a seasonal trend in which shipments of the tropical oil typically taper off at year-end.

A narrow discount to a rival edible oil, however, could limit demand growth moving forward, say traders and analysts, since buyers usually switch to more favoured soyoil when its price premium over palm narrows.

The price differential or the spread between palm oil on the Bursa Malaysia Derivatives Exchange and Chicago Board of Trade soyoil has been hovering between $80 and $90 a tonne, soyoil's narrowest premium over palm since February.

"For October we're looking at a 10 to 13 percent gain in exports, mainly from China and India, though India demand may slow compared to the previous month," said David Ng, a derivatives specialist at Phillip Futures in Kuala Lumpur.

India and China are the world's top two buyers of palm oil, and command a substantial share of global demand. Palm oil import demand from China and India, which celebrate the Mid-Autumn and Diwali festivals respectively this month, had already gained in September as buyers stocked up ahead of the events.

SELL COPPER  BELOW 457 TGT 455 SL ABOVE 460.10
 
SELL GOLD BELOW 29920 TGT 29850 SL ABOVE 30020

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MCX Commodity Future Calls

BUY LEAD ABOVE 163.10 TGT 164 SL BELOW 162

SELL ZINC BELOW 214 TGT 213 SL ABOVE 216.20

SELL COPPER BELOW 440.30 TGT 438 SL ABOVE 443.50

BUY SILVER  ABOVE 39150 TGT 39350 SL BELOW 38900

              MCX FUTURE TIPS

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Gold futures jump on firm global cues

Gold futures were trading higher during in the domestic market on Monday as as speculators raised bets amid a firm global trend. . Market analysts attributed the rise in gold prices at the futures trade to positive global cues as fresh concerns over North Korea’s nuclear ambitions stoked safe-haven demand for the precious metal and weighed on the dollar.

At the MCX, gold futures for December 2017 contract is trading at Rs 29687 per 10 grams, up by 0.39 per cent, after opening at Rs 29698, against a previous close of Rs 29573. It touched the intra-day high of Rs 29772.

SELL GOLD BELOW 29720 TGT 29650 SL ABOVE 29800

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Best Basemetal Option Call

SELL COPPER BELOW 440 TGT 437.50 SL ABOVE 443

BUY GOLD ABOVE 29330 TGT 29400 SL BELOW 29240

SELL LEAD BELOW 168.60 TGT 167.60 SL ABOVE 169.60

SELL NICKEL BELOW 693 TGT 687 SL ABOVE 703

                 BEST COMMODITY TIPS

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India`s coffee output seen rising 12.3 percent on higher acreage: Board

India's coffee output is likely to rise 12.3 percent from a year ago to 350,400 tonnes in 2017/18 due to an expansion in the area under cultivation, the state-run Coffee Board said on Tuesday.

The South Asian country, which is famous as a tea producer, is also the world's No.6 coffee grower, mainly churning out the robusta beans used to make instant coffee, but also producing some of the more expensive arabica variety.

The country's robusta production is likely to rise 14 percent to 247,300 tonnes in the marketing year that started on Oct. 1, while arabica output could rise 8.5 percent to 103,100 tonnes, the board said.

India, which some say started coffee cultivation in 1670 with seven smuggled beans, exports three-quarters of its production.

                                   BEST BULLION TIPS

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Accurate Commodity Future Call

BUY GOLD ABOVE 29580 TGT 29640SL BELOW 29500

SELL COPPER BELOW 430.50  TGT 428 SL ABOVE 433.50

SELL ZINC(OCT) BELOW  206.80 TGT 206 SL ABOVE 207.80

             MCX COMMODITY TIPS

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Zinc futures dip on subdued demand

Zinc futures were trading lower during the afternoon trade in the domestic market on Thursday as speculators trimmed positions amid easing demand in the spot market. Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.

At the MCX, zinc futures for September 2017 contract was trading at Rs 206.50 per kg, down by 0.27 per cent, after opening at Rs 206.75, against a previous close of Rs 207.05. It touched the intra-day low of Rs 205.80 

 

 

                       

                                 MCX COMMODITY TIPS

 

SELL ZINC  BELOW 206.50 TGT 205.90 SL ABOVE 207.30

 

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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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Oil demand may exceed supply by up to 4 million bpd by 2019: Trafigura

SINGAPORE  - Global oil demand may be between 2 million to 4 million barrels per day (bpd) more than worldwide crude supply by the end of 2019 as exploration spending has declined as prices fell, an executive with commodities trading house Trafigura said on Tuesday.

The mismatch in supply and demand is the result of a decline in spending to find new oil and gas reserves and as existing wells, especially new wells from shale formations, are naturally used up, said Ben Luckock, Trafigura’s co-head of group market risk, at an industry conference in Singapore.

Benchmark Brent crude oil prices collapsed to as low as $27.10 a barrel in January 2016 from as much as $115.71 in June 2014. Prices have rebounded since then to over $59. The steep decline in revenue as prices dropped caused companies to cut their exploration budgets.

Luckock pointed to a drop in exploration spending in 2016 to about $300 billion from $700 billion two years earlier as a reason supply will eventually fall below demand.

                                 MCX COMMODITY TIPS

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White metal up amid robust global cues

Silver futures were trading higher during the afternoon trade in the domestic market on Wednesday taking positive cues from the global market. Market analysts said a firm trend in precious metals in global market mainly attributed to the rise in silver prices at the futures trade.

At the MCX, silver futures for December 2017 contract was trading at Rs 41380 per kg, up by 0.40 per cent, after opening at Rs 41242, against a previous close of Rs 41,216. It touched the intra-day high of Rs 41,434.

                                        FREE COMMODITY TIPS 
 


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Gold, silver decline in morning session

Gold prices were trading in red during the morning trade on Tuesday on the account of weak trend overseas and subdued demand from local jewellers.

MCX Gold was down 0.31%, or Rs 94, at Rs 29,839 per 10 gram around 1035 hours, whereas MCX Silver was down 0.33%, or Rs 134, at Rs 41,030 per 1 kg.

The market participants expect that gold to trade sideways on Tuesday due to profit booking after the recent rally. While stronger dollar index and less damage by Hurricane IRMA are factors pushing down the gold prices.

Latest holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, declined 0.3% to 834.50 tonnes till September 8. Holdings of the largest silver-backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10,173.58 tonnes, remain unchanged from the previous business day.

Meanwhile, BSE Sensex was up 168 points, or 0.53%, at 32,050, while Nifty was up 47 points, or 0.47 per cent, at 10,053.

                                            
                                            MCX COMMODITY TIP

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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.

 

LIVE COMMODITY TIPS

 

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

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Crude Oil prices to trade lower

WTI oil prices declined by 0.3 percent yesterday to close at D46.4 per barrel as Reuters estimated that at least 3.65 million barrels per day (bpd) of refining capacity was offline or 19.6 percent of total U.S. capacity after Motiva  shuttered the largest U.S. refinery. Tropical Storm Harvey knocked out several refineries and disrupted fuel production, while a backup in crude supplies pushed U.S. crude oil futures down more than 2.5 percent.

Brent crude, the international benchmark for crude trading, was down 30 cents at $51.70 a barrel by 0825 GMT. U.S. crude fell 25 cents to $46.19.

U.S. crude inventories fell by 5.78 million barrels last week, the API industry group reported on Tuesday, suggesting a gradual tightening of the U.S. oil market. The figures, however, do not reflect the impact from Harvey.

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Gold soars to nine-and-half months high

Gold price maintained gaining streak for the third consecutive trading day to reach its highest price since November 2016 as geopolitical tensions escalated due to a new North Korean missile launch.

Spot gold rose 0.6% to USD 1,316.90 per ounce as of 0314 GMT, after earlier touching its highest since November 9 at USD 1,322.33. Gold gained 1.4% in the previous session in its biggest one-day percentage rise since mid-May.

US gold futures for December delivery were up 0.6% to USD 1,322.80 per ounce.

South Korea and Japan said the missile North Korea launched early on Tuesday landed in Pacific waters east of Hokkaido after flying over the northern Japanese island, in a sharp escalation of tensions on the Korean peninsula.

Geopolitical tensions can boost demand for safe-haven assets such as gold which is considered a good store of value during volatility in other markets.

 

BUY GOLD ABOVE  29800 TGT  29860-30040-30160 SL BELOW 29720 CMP 29800

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