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Commodity report by ways2 capital 10 sep 2014

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Page 1: Commodity report by ways2 capital 10 sep 2014

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Page 2: Commodity report by ways2 capital 10 sep 2014

✍ NCDEX DAILY LEVELS

DALLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4

SYOREFIDR 20-OCT-14 574 569 564 561 559 556 554 549 544

SYBEANIDR 20-NOV-14 3244 3185 3126 3089 3067 3030 3008 2948 2890

RMSEED 20-OCT-14 3690 3658 3626 3612 3594 3580 3562 3530 3498

JEERAUNJHA 20-OCT-14 11393 11268 11143 11061 11018 10936 10893 10768 10643

DHANIYA 20-OCT-14 12326 12191 12056 11978 11921 11843 11786 11651 11516

CASTORSEED 20-OCT-14 4183 4152 4121 4106 4090 4075 4059 4028 3997

✍ NCDEX WEEKLY LEVELS

WEEKLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4

SYOREFIDR 20-OCT-14 601 587 573 566 559 552 545 531 517

SYBEANIDR 20-NOV-14 3507 3370 3233 3142 3096 3005 2959 2822 2685

RMSEED 20-OCT-14 3895 3790 3685 3641 3580 3536 3475 3370 3265

JEERAUNJHA 20-OCT-14 12023 11703 11383 11181 11063 10867 10743 10423 10103

DHANIYA 20-OCT-14 12966 12631 12296 12098 11961 11763 11626 11291 10956

CASTORSEED 20-OCT-14 4740 4534 4238 4210 4122 4004 3916 3710 3504

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Page 3: Commodity report by ways2 capital 10 sep 2014

✍ MCX DAILY LEVELS

DALLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4

ALUMINIUM 28-AUG-14 130.10 128.75 127.40 126.75 126.05 125.40 124.70 123.35 122

COPPER 29-AUG-14 449 443 436 433 430 427 424 417 411

CRUDE OIL 19-AUG-14 6144 5967 5820 5732 5673 5585 5526 5379 5232

GOLD 03-OCT-14 28041 27834 27627 27511 27420 27304 27216 27006 26799

LEAD 28-AUG-14 140.35 138.05 135.75 134.40 133.45 132.05 131.15 128.85 126.55.NATURAL GAS 26-AUG-14 244.35 239.85 235.35 232.65 230.85 228.15 226.35 221.85 217.35

NICKEL 28-AUG-14 1214 1201 1188 1184 1175 1171 1162 1149 1136

✍ MCX WEEKLY LEVELS

WEEKLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4

ALUMINIUM 28-AUG-14 135.75 132.60 129.45 127.60 126.30 124.45 123.15 120 116.85

COPPER 29-AUG-14 455 444 436 432 427 423 418 409 400

CRUDE OIL 19-AUG-14 6354 6135 5916 5780 5697 5561 5478 5259 5040

GOLD 03-OCT-14 29475 28829 28201 27798 27564 27161 26927 26290 25653

LEAD 28-AUG-14 145 141 137 135 134 131 130 126 122

NATURAL GAS 26-AUG-14 295 275 255 242 235 222 215 195 175

NICKEL 28-AUG-14 1323 1270 1215 1197 1161 1143 1107 1053 999

SILVER 5-SEPT-14 45315 44106 42902 42100 41697 40895 40492 39287 38082

ZINC 28-AUG-14 154 151 147 145 144 142 140 137 133

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Page 4: Commodity report by ways2 capital 10 sep 2014

MCX - WEEKLY NEWS LETTERS

I✍ nternational News

1. Payrolls handling company ADP said private-sector payrolls improved by 204,000 last 30 daysafter increasing by 212,000 in This summer, with gains spread across a range of sectors. The WorkDivision, meanwhile, said initial statements for state lack of employment benefits increased 4,000to a seasonally modified 302,000 for the 7 days finished Aug. 30, a little bit above objectives butremaining at levels consistent with shrinking labor market circumstances.

2. The European Central Bank cut rates to a fresh record low on Friday and released a new plan toforce cash into the flagging European area economic system.

3. Crude inventories fell by 905,000 barrels in the a couple weeks ago, in contrast to analysts'objectives for an loss of 1.1 million barrels. Gasoline stocks USOILG=ECI fell by 2.3 millionbarrels, compared with analysts' expectations in a Reuters poll for a 1.3 million barrel drop.

SOURCES : Reuters

✍ Precious Metals

Silver fallen on Thursday as the western dropped against the money after the European Main Financialinstitution cut attention levels to record levels and said it would release an resource purchase program toprevent deflation. Early benefits in U.S. stocks motivated by powerful U.S. services industry activityalso reduced bullion's safe-haven attraction.

ECB Chief executive Mario Draghi, discussing at a news meeting soon after the ECB suddenly cutalready ultra-low attention levels by another 10 basis points, said the central bank would start buyingsecuritized loans and protected ties next month. U.S. nonfarm payrolls data due on Saturday is predictedto give further clues about the world's biggest economic system and the moment of the FederalReserve's move to increase attention levels.

Gold dropped on Thursday on better than predicted US financial information and the ECB interest ratecut. Data revealed U.S. companies employed employees at a stable video in August and servicesindustry action multiplied to 6-1/2-year high, assurances the financial system was on monitor fordurable development in the third one fourth. That perspective was strengthened by other information onFriday displaying only a slight increase in the number of People in America processing forunemployment benefits a week ago and a reducing in the business lack to its lowest point in six monthsin This summer.

We expect gold prices to trade on the adverse note in next week the on back of improving US economyand ECB’s financial policy.

✍ Base Metals

Nickel Price risen to their maximum in seven several weeks on Thursday as traders came back to themarket on problems that the Philippines could follow Malaysia in prohibiting natural ore exports. Priceshopped 2.8 percent on Wed on the news that a Filipino senator had suggested a ban on raw materials

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Page 5: Commodity report by ways2 capital 10 sep 2014

exports.

Copper rebounded from two-week levels and other components also rose after the Western Main Bankcut interest levels to new record lows to support the stagnating European area economic system. Moreaccommodate financial plan could free up assets for industry and traders, assisting components costs.

We anticipate Base Metal price to trade on the combined note the unwanted supply could move priceand increase in liquidity could push price up.

✍ Energy

Crude oil trading lower on Thursday after a shock rate cut from the Western Main Financial institutionenhanced the money and hit commodities priced in the U.S. forex . The ECB cut rates to a history low,suddenly bringing borrowing costs close to zero to raise rising costs from rock-bottom levels andassistance the stagnating European area economic system. The failures, however, were restricted by afall in U.S. oil inventories, with information from the U.S. Energy Information Management (EIA)showing a 905,000-barrel fall last week. U.S. fuel inventories decreased 2.3 million barrels.

Natural Gas trading finished down five pennies on Thursday on forecasts contacting for moderatingclimate and a bigger-than-expected storage develop. The U.S. Energy Information Management saidresources included 79 billion cubic legs of gas into storage space a couple weeks ago. That was overanalyst estimates for a develop of 73 bcf. It was also over develops in the before week of 75 bcf, 60 bcfin the same A week a year ago and a regular of 56 bcf over the past five years.

MDA Weather Services prediction warmer-than-normal climate on the East and Western shorelines overthe next five times before chilly weather takes over the Mid-Continent and Eastern over the followingsix to 15 days.

NCDEX - WEEKLY NEWS LETTERS

✍ NCDEX Circular

✍ Trading and Clearing Members are requested to note that the Exchange, as per the Bye-laws, Rulesand Regulations of the Exchange and with the approval of the Forward Markets Commission, hasmodified the contract specification in the JEERA futures contracts (Symbol: JEERAUNJHA) expiringin the months of January 2015 and thereafter.

✍ The contract expiring in the month of January 2015 will be available for trading from September 01,2014. Contracts for further expires will be launched as per the enclosed contract launch calendar.

✍ Currently, JEERA futures contracts (Symbol: JEERAUNJHA) expiring in September 2014, October2014, November 2014 and December 2014 are available for trading and would continue to be traded asper existing contract specifications

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Page 6: Commodity report by ways2 capital 10 sep 2014

✍ CHANA

Market keep falling for Chana as deficiency of powerful requirement amid higher shares and Monsoonrevival kept Kharif Impulses leads on the higher side—keeping overall Pulses market emotions poor.

Absence of powerful requirement among rains in Main and North-West India supporting the KharifImpulses crop prospects however kept overall trend poor. The household demand has increased in themandis but that got adversely impacted at the higher levels as investors patiently waited for some dipsbefore starting clean demand in the mandis. The psychological resistance stages of 3000 shown to betoo powerful for the markets to break a couple weeks ago.

The planting for Kharif Impulses has picked up over last few several weeks and that had been avoidingstrong uptrend for Chana prices despite improved requirement in mandis. Repeated efforts by theGovernment to keep tab on hoarders—mainly for essential Food products are also maintaining theuptrend restricted.

As per newest reviews of planting of kharif plants as on 29th Aug, kharif planting place was standing at966.25 lakh hectare. It is revealed that pulses has been planted in 95.40 lakh ha vs 100.64 lakh ha sametime last year.

On Worldwide front side, Australian Chana manufacturing allegedly has fallen by 23%. A drop inMoney vs Re has kept the transfer price of Pulses from Myanmar, Sydney and Canada low leading tofurther weakening of industry sentiments

✍ SOYABEAN / REFI. SOYA

Soya oil mandi costs on Friday in after a tightening opening ended in red due to heavy selling stressboth on the domestic and worldwide marketplaces. The excellent climate in soy bean increasing areaslikely to create stress available on the industry costs. The worldwide marketplaces decreased asexcellent climate for collect shifted into the US areas.

Soybean exports from the U.S. are set to speed up in the next few several weeks as farm owners collectthe biggest plants. U.S. soy bean exports will go up to a record 46.3 thousand measurement plenty in the2014-15 market-ing year that starts September. 1 from 44.65 thousand plenty the year before. Globalsoy bean outcome will total 306.7 thousand plenty.

US soy bean crop is likely to be discarded quickly in the first four to six several weeks of the new yearas Brazil’s stocks are low. Soybean costs have decreased 21 % this year as beneficial U.S. increasingclimate enhanced oil seed and feed development. Oil World reports U.S. soy bean production at 103.85thousand plenty in 2014-15, in line with USDA’s fore-cast and 13 % bigger than the year before.

Soya bean marketplaces finished on a poor observe as soyameal requirement from exporters decreased.India's soyameal exports in Aug decreased to 2,778 loads com-pared with 183,965 loads a year ago.

There is anticipations that the plants routes will late by a month which can drive the prices northern.Monsoon rain fall gets an prolonged stay in the Native Indian peninsula which is likely to back up a latesowing; as per IMD, the lack of rain fall lack of decreased to 14% as on 4th September, from thewestern monsoon.

International manufacturing of oil seeds such as soy beans, rapeseed and sunflower will achieve a

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Page 7: Commodity report by ways2 capital 10 sep 2014

history 507.2 thousand measurement plenty, 18.1 thousand plenty more than the past all-time high lastseason as per Oil world. The stockpiles are likely to stay around 99.6 thousand plenty at the end of2014-15, 18 percent more than the season before. The most excellent increase in oil seed manufacturingis set to happen in the U.S.A., where excellent varying temperature is seen leading to history results inper hectare not only in soy beans but also maize. A history oil seed plants has also been expanded in theWestern Partnership this season.

✍ RM SEED

RM seed mandis did open a company observe but due to restricted trading action from customers frontside kept the industry emotions low. However, the requirement for food from exporters will assistancethe way up force to the industry costs in the coming several weeks. The routes stayed in the range of50,000 – 60,000 purses of 85Kg each.

Global production of rapeseed and canola will decline to 68.7 million tons from 69.7 million tons as.The harvest in Canada, the top export-er, is expected to decrease 20 percent from the prior year to 14.4million tons. EU output will reach a record 23.54 million tons from 21.25 million tons a year earlieramid increasing harvests in Germany, France, Poland and the U.K. Rapeseed prices in EU dropped dueto spillover weakness from soybeans

As per Solvent Extractors Association of India (SEA) data bank, the imports of Rape oil are steadily onthe rise and have significantly increased by more than 11 times from 7,943 MT to 103,003 MT. Thoughoil meal exports dipped for the third consecutive month due to rise in soybean prices, but the rapeseedmeal has increased 53 per cent to 408,410 tonnes from 267,461 tonnes in last four months.

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Page 8: Commodity report by ways2 capital 10 sep 2014

✍ This Document has been prepared by Ways2Capital (A Division of High Brow Market ResearchInvestment Advisory Pvt Ltd). The information, analysis and estimates contained herein are based onWays2Capital Equity/Commodities Research assessment and have been obtained from sources believedto be reliable. This document is meant for the use of the intended recipient only. This document, at best,represents Ways2Capital Equity/Commodities Research opinion and is meant for general informationonly. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in anyway to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Researchexpressly disclaims any and all liabilities that may arise from information, errors or omissions in thisconnection. This document is not to be considered as an offer to sell or a solicitation to buy anysecurities or commodities.

All information, levels & recommendations provided above are given on the basis of technical &fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability forerrors of opinion. People surfing through the website have right to opt the product services of their ownchoices.

Any investment in commodity market bears risk, company will not be liable for any loss done on theserecommendations. These levels do not necessarily indicate future price moment. Company holds theright to alter the information without any further notice. Any browsing through website meansacceptance of disclaimer.

Web: www.ways2capital.com | Mail: [email protected] | Contact: 1800-3010-2007 (Toll Free)