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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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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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."

                   GOLD 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 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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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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Zinc futures rise on pick-up in demand

Zinc futures were trading higher during the afternoon trade in the domestic market on Thursday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets. Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.

At the MCX, zinc futures for August 2017 contract was trading at Rs 199.20 per kg, up by 0.96 per cent, after opening at Rs 198.80, against a previous close of Rs 197.30. It touched the intra-day high of Rs 199.60. 

 

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MCX Commodity tips free

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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Aluminium futures gain 0.38% on spot demand

Aluminium futures were trading higher during the noon trade in the domestic market on Monday as speculators built up fresh positions. Analysts said participants created fresh positions on the back of rise in demand from consuming industries in physical market.

At the MCX, aluminium futures for August 2017 contract is trading at Rs 131.80 per kg, up by 0.38 per cent, after opening at Rs 130.70, against a previous close of Rs 131.30. It touched the intra-day high of Rs 132.10.

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