Ripples Advisory News Update's

Silver futures little changed during evening trade in the domestic market on Thursday as investors and speculators exited their positions in the precious metal as safe-haven demand faded amid firm US dollar against a basket of other currencies. 

 

At the MCX, silver futures for March 2017 contract is trading at Rs 42690 per kg, down by 0.05 per cent, after opening at Rs 42738, against a previous close of Rs 42713. It touched the intra-day low of Rs 42550.

                   Trading Ideas

*Silver trading range for the day is 42462-42990. 

*Silver dropped as traders anticipated new clues on the likelihood of a March U.S. interest rate hike with the minutes from FOMC in focus. 

*Many Fed policymakers said it may be appropriate to raise interest rates again "fairly soon" should jobs and inflation data come in line with expectations. 

*The minutes showed the depth of uncertainty at the Fed over the lack of clarity on the new Trump administration's economic programme.    

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अप्रैल से जनवरी तक घरेलू गोल्ड ईटीएफ से करीब 650 करोड़ रुपये निकल गए हैं। जनवरी में ही 35 करोड़ रुपये की निकासी हुई है। ये लगातार चौथा साल है जब गोल्ड ईटीएफ से निकासी हो रही है। गौर करने वाली बात ये है कि इस साल सोने में तेजी के बावजूद निवेशक ईटीएफ से पैसा निकाल रहे हैं। वित्त वर्ष 2017 में अबतक गोल्ड फंड के एयूएम में 11 फीसदी की गिरावट आ चुकी है।

 

 हालांकि सोने की चमक लगातार बढ़ती जा रही है और इसका दाम 3 महीने के ऊपरी स्तर पर चला गया है। फ्रांस में चुनाव और इसके यूरोपीय यूनियन से बाहर होने की अटकलों से सोने को सपोर्ट मिला है। ग्लोबल मार्केट में सोने का दाम 1240 डॉलर के पार चला गया है। फिलहाल एमसीएक्स पर सोना सपाट होकर 29,350 रुपये पर कारोबार कर रहा है। चांदी भी सपाट होकर 42,340 रुपये पर कारोबार कर रही है।

कल की गिरावट के बाद कच्चे तेल में तेजी आई है और भाव 0.5 फीसदी तक बढ़ गए हैं। एमसीएक्स पर कच्चा तेल 0.5 फीसदी उछलकर 3530 रुपये पर कारोबार कर रहा है। नैचुरल गैस भी 0.5 फीसदी बढ़कर 212.8 रुपये पर कारोबार कर रहा है।

1. सोना एमसीएक्स (अप्रैल वायदा) : खरीदें - 29250, स्टॉपलॉस - 29130 और लक्ष्य - 29500

2. कच्चा तेल एमसीएक्स (फरवरी वायदा) : खरीदें - 3500, स्टॉपलॉस - 3450 और लक्ष्य - 3580

3. निकेल एमसीएक्स (फरवरी वायदा) : खरीदें - 695, स्टॉपलॉस - 685 और लक्ष्य - 720

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Cardamom futures were trading higher during morning trade in the domestic market on Monday as investors and speculators widened their bets in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market.

 

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At the MCX, cardamom futures for February 2017 contract is trading at Rs 1513 per kg, up by 0.52 per cent, after opening at Rs 1520, against a previous close of Rs 1505.10. It touched the intra-day high of Rs 1520. 

                     Trading Ideas  

1. Cardamom trading range for the day is 1503.8-1554.6. 

2. Cardamom gained amid good export from exporters in view of hopes of higher export contracts. 

3. Cardamom arrivals reported down by 104620 kgs during January (2017) month as compared to last month.  

4. Supply compared to corresponding period of last year January (2016) month decreased by 614798 kgs. 

5. Cardamom prices in spot market gained by 2.80 rupees and settled at 1474.10 rupees.  

Cotton on MCX settled up by 1.02% at 20780 due to good physical demand despite increase in arrivals in the physical market. Moreover, reports of lower domestic production and procurement by CCI may also support prices. 

 

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In Dec 2016, India exported about 60,850 tonnes cotton to China, up 89% yoy. China imported highest cotton from India than from any other country in the month of December 2016. In first estimate of the 2017/18 by ICAC, world cotton output will rise by 2% to 23.4 mt. due to an expected to grow of planting area by 5% to 30.6 million hectares after two seasons of contraction. India's cotton arrivals falls 5% to 12.83 million bales until Jan 19 on late commencement of supplies though output for the 2016-17 is expected to higher. Last year arrivals till date stood at 13.51 million bales, according to CCI (Cotton Corporation of India) data. 

 

Cotton inflow in north India (Comprising Punjab, Haryana and Rajasthan) grew to 2.67 million bales from 2.18 million bales a year ago. Technically market is under short covering as market has witnessed drop in open interest by -5.28% to settled at 7840 while prices up 210 rupees, now Cotton is getting support at 20640 and below same could see a test of 20500 level, And resistance is now likely to be seen at 20910, a move above could see prices testing 21040.