अमेरिका में क्रूड की सप्लाई बढ़ने के कारण क्रूड के दाम में गिरावट आई है। फिलहाल ब्रेंट क्रूड 0.5 फीसदी गिरकर 55.7 डॉलर के पर कारोबार कर रहा है। वहीं नायमैक्स पर डब्ल्यूटीआई क्रूड 0.6 फीसदी फिसलकर 52.9 डॉलर पर कारोबार कर रहा है।
Metals Tonnes Change
Aluminum 2231300 -6200
Copper 248200 -3325
Nickel 381864 -720
Lead 188625 -200
Zinc 383425 -750
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The state government of Haryana has drafted a new textile policy which provides fiscal incentives for setting up of new units and for modernisation of the existing textile industry in the state. The policy aims to make Haryana a global hub of textile manufacturing by attracting investment to the tune of Rs 5,000 crore, and thereby creating 50,000 new jobs.
The draft policy, which has been put by the state
government in public domain, contains provisions for infrastructure
augmentation, setting up of textile parks and facilities for skill
training.
As per the draft policy, a 10 % capital subsidy will be available for the eligible new textile projects across the state. Further, HSIIDC will offer industrial plots for a lease of 33 years with 5 per cent increase in annual lease rent for those enterprises setting up new project.
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Silver trading range for the day is 41719-42623.Silver prices gained as investors scaled back expectations for a more aggressive pace of rate hikes from the Federal Reserve this year.Support also seen as greenback has been under pressure amid growing concern about the potential impact of the Trump Administrations protectionist stance.The U.S. economy added 227,000 jobs in January from the prior month, the Labor Department while the unemployment rate ticked up to 4.8% from 4.7% in December.
Soyabean trading range for the day is 3057-3129.Soyabean prices ended with losses on expectations of ample supply in the domestic spot market.IGC raised its soybean production forecast for India, to 11.5 million tons compared to 8.6 million tons estimated for 2015-16.NCDEX accredited warehouses soyabean stocks gained by 636 tonnes to 187852 tonnes.At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 3070 Rupees per 100 kgs.
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Sugar Futures on NCDEX closed higher last as India’s sugar production fell by 10 % to 128.6 lt in the first four months of the 2016 - 17 marketing year that started Oct ober last, due to lower cane production in Maharashtra because of drought. Earlier, ISMA assures that the supplies are comfortable and the country won't need to import sugar this season.
ISMA has lowered sugar production estimate for 2016 - 17 to 21.3 mt by about 9 % compared to 23.37 mt, projected in Sep 2016. Raw sugar futures on ICE rallied to a 2 - 1/2 - month high on Friday, on support from chart - based buy signals and expectations for demand from top consumer India, while the market made its biggest weekly rise in four weeks.
Outlook
We expect sugar prices to trade sideways to higher on reports of good physical demand from the industrial buyers and stockists and lower sugar production by the ISMA this season.
Menthaoil trading range for the day is 988.2-1012.6.Mentha oil spot at
Sambhal closed at 1117.30 per 1kg. Spot prices was up by Rs.0.40-.Mentha
oil prices dropped amid muted demand in the domestic spot
market.Pressure seen on prices on the speculation the area under
cultivation can incerese this year resulting good production.Sources
mentioned that nearly 14500 MT of mint products were exported in six
months of the current financial year.
Mentha oil futures were trading higher during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the agri-commodity amid uptick in physical demand for mentha oil from major consuming industries in the domestic spot market.
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At the MCX, mentha oil futures for February 2017 contract is trading at Rs 1004 per kg, up by 0.55 %, after opening at Rs 1003, against the previous closing price of Rs 998.50.10. It touched the intra-day high of Rs 1006.
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Karnataka government has received environmental clearance for expanding the command area of the Upper Krishna Irrigation Project (UKIP) to provide irrigation facilities for the drought-prone areas in three districts – Bijapur, Bagalkot and Raichur – at a cost of Rs 3,710 crore.
Presently, UKIP is irrigating 6,22,000 hectares of command area, providing irrigation facilities to desert areas of Bijapur district and drought-prone areas of Bagalkot, Gulbarga, Yadagir and Raichur districts in northern Karnataka. To eradicate regional imbalances, state-run Krishna Bhagya Jala Nigam Ltd (KBJNL) has proposed expansion of the command area of UKIP to provide irrigation facilities for adjacent areas.
The modernisation proposal involves lifting of water from Krishna river directly at four places without constructing any structures across the river. "The Union Environment Ministry has given the environment clearance to the Rs 3,710 proposal for modernising the Upper Krishna Irrigation Project in Karnataka. The clearance has been given subject to compliance of certain conditions," a senior government official said.
Metals Tonnes Change
Aluminum 2269900 +1025
Copper 260850 -475
Nickel 382620 +330
Lead 189050 -400
Zinc 396075 +1625
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Jeera trading range for the day is 17385-17835.Jeera prices ended with losses on account of subdued demand from local parties at the spot market.Jeera output in India may fall by 12 per cent to 387,000 tonnes during 2016-17 due to lower acreage and adverse weather conditions.Gujarat has reported a fall in area under the crop by six percen to 278,700 hectares in 2016-17, from 295,200 hectares in 2015-16.In Unjha, a key spot market in Gujarat, jeera edged down by -141.65 Rupees to end at 18525 Rupees per 100 kg.
Turmeric trading range for the day is 6510-6770.Turmeric prices ended with losses on anticipation of better supplies of new turmeric crops from the producing belts.As per production estimate, Turmeric production reported higher by around 7.5% during current year.At Nizamabad market arrivals were reported at 8000 quintals, higher by 4500 quintals as compared to previous day.In Nizamabad, a major spot market in AP, the price ended at 7372.2 Rupees dropped -25.15 Rupees.
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Gold Gains was noted in the prices of MCX Refined gold. Levels of INR 28555 per 10 grams was noticed during the closing, with an uptick of 0.71%. The prices also surpassed INR 28500 per 10 grams which means that further appreciation will remain active. If gains occur from here it can take yellow metal towards INR 28700 and 28900 per 10 grams. On lower side, Gold will be supported at Rs 28500 per 10 grams. The high of Gold was at INR 28560 per 10 grams and a low of INR 28336 per 10 grams was tested during the day. The prices closure above INR 29000 per 10 grams will be critical.
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As per latest report from United States Geological Survey (USGS), US domestic primary aluminum production in November 2016 was 61,000 metric tons (t), slightly less than in October and 49% less than that in November 2015. The average daily production in November was 2,050 t, 3% more than the daily production during the preceding month but 49% less than in November 2015.
Total aluminum recovered from scrap in
November 2016 was 305,000 t, unchanged from the amount in October and
15% more than that in November 2015. Of this, 175,000 t of aluminum was
recovered from new scrap, 3% more than the amount in the preceding month
and 14% more than the amount in November 2015, and 130,000 t was
recovered from old scrap, 4% less than the amount in the preceding month
but 16% more than the amount in November 2015.
Silver on MCX settled down -1.26% at 41193 as the U.S. dollar pushed higher and stocks around the world extended their recent rally, dimming the metal’s safe-haven appeal. After reporting an unexpected drop in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing a rebound in initial jobless claims in the week ended January 21st. The report said initial jobless claims climbed to 259,000, an increase of 22,000 from the previous week's revised level of 237,000.
Meanwhile, the Labor Department said the less volatile four-week moving average edged down to 245,500, a decrease of 2,000 from the previous week's revised average of 247,500.
Technically market is under long liquidation as market has witnessed drop in open interest by -2.55% to settled at 12771 while prices down -525 rupees, now Silver is getting support at 40838 and below same could see a test of 40484 level, And resistance is now likely to be seen at 41568, a move above could see prices testing 41944.
Trading Ideas
Silver trading range for the day is 40484-41944.
Silver dropped as the U.S. dollar pushed higher and stocks around the world extended their recent rally, dimming the metal’s safe-haven appeal.
After reporting an unexpected drop in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report.
Holdings at ishares silver trust dropped by 0.70% i.e. 73.70 tonnes to 10420.88 tonnes from 10494.58 tonnes.
Naturalgas trading range for the day is 221.1-232.5.Naturalgas on MCX settled down on Wednesday while Natural gas prices on NYMEX extended its gain upside by +1.50%.A relatively cold weather system will track across the East, leaving much of the country much colder compared to recent weeks.Natural gas inventories report showed a draw of -119Bcf versus expectations for inventory to be a draw of approximately -121 Bcf.
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Menthaoil trading range for the day is 1005.1-1027.5.Mentha oil spot at Sambhal closed at 1121.40 per 1kg. Spot prices is up by Rs.3.00-.Mentha oil prices gained on the back of pick-up in demand at domestic spot market.Besides, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also provided support to mentha oil prices.At Bareilly market arrivals were reported at 1 Drums(1-drum-180kg), down by 4 Drums(1-drum-180kg) from previous trading day.
The Indian Government has said that imposition of minimum import price (MIP) on steel is a short-term measure and it is taking permanent measures to counter unfair trade practices as per international norms. Commenting on the issue, a Steel Ministry Official told the media, "Chaudhary Birender Singh (Steel Minister) had emphasised that MIP is a short-term measure and not of a permanent nature."
"In this connection, this is to clarify that the Minister was making a point in a wider context of providing level playing field to the Indian steel industry," he added. “A total of 124 steel products have been covered by provisional anti-dumping duties and final orders on the same are expected in due course,” he further said.
As per reports, as a result of the safeguards and anti-dumping measures, out of 173 items on which MIP was initially imposed, only 19 items are currently notified under MIP. These are relating to colour-coated steel, primarily to avoid any circumvention of the duties. Two of colour-coated steel items are already covered under anti-dumping duties.
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Silver trading range for the day is 40421-42129. Silver dropped following pressure from strong U.S. economic data and support from Federal Reserve Chair Janet Yellen for higher U.S. interest rates. Feds John Williams said that while there was uncertainty over the economic outlook, it was no more pronounced than usual. The European Central Bank stuck to its super-easy monetary policy on Thursday, telling those calling for a tightening.Click Here http://ripplesadvisory.com Or One missed call on @9303093093.
Silver on MCX settled down -1.73% at 41270 following pressure from strong U.S. economic data and support from Federal Reserve Chair Janet Yellen for higher U.S. interest rates. Federal Reserve Chair Janet Yellen said that running a "hot" economy for an extended period would be a risk.
सोना 2 महीने के ऊपरी स्तर से फिसल गया है और ग्लोबल मार्केट में इसका दाम 1200 डॉलर के नीचे का भी स्तर छू चुका है। दरअसल कल फेड चेयरमैन अमेरिका में ब्याज दरें बढ़ाने का संकेत दिया और इसके बाद से ही डॉलर में रिकवरी शुरू हो गई है, ऐसे में सोने की कीमतों पर दबाव बढ़ गया है। वहीं चांदी में भी गिरावट आई है और कॉमैक्स पर ये 17 डॉलर के भी नीचे का स्तर छू चुकी है, हालांकि अब निचले स्तरों से रिकवरी भी शुरू हो गई है।
इस बीच कल की भारी गिरावट के बाद कच्चे तेल में तेजी आई है और इसका दाम ग्लोबल मार्केट में करीब 1 फीसदी बढ़ गया है। कल नायमैक्स पर क्रूड का दाम 51 डॉलर के भी नीचे फिसल गया था, जो पिछले एक हफ्ते का निचला स्तर था। आज अमेरिका में कच्चे तेल की भंडारण रिपोर्ट भी आएगी, जिसपर बाजार की नजर बनी हुई है। इस बीच डॉलर के मुकाबले रुपये में कमजोरी बढ़ गई है और 1 डॉलर की कीमत 68.20 रुपये के पार चली गई है।
फिलहाल एमसीएक्स पर सोना 0.6 फीसदी की गिरावट के साथ 28600 रुपये के आसपास कारोबार कर रहा है। चांदी करीब 1.5 फीसदी टूटकर 41435 रुपये पर आ गई है। हालांकि एमसीएक्स पर कच्चा तेल 0.3 फीसदी उछलकर 3580 रुपये पर कारोबार कर रहा है। नैचुरल गैस 0.4 फीसदी बढ़कर 226.4 रुपये पर कारोबार कर रहा है।
बेस मेटल्स में मिलाजुला कारोबार देखने को मिल रहा है। फिलहाल एमसीएक्स पर एल्युमीनियम 0.1 फीसदी बढ़ा है, जबकि कॉपर 0.7 फीसदी की मजबूती के साथ 396.5 रुपये पर कारोबार कर रहा है। एमसीएक्स पर निकेल 0.4 फीसदी की तेजी के साथ 695.8 रुपये पर पहुंच गया है। हालांकि लेड में 0.2 फीसदी की गिरावट दिख रही है, तो जिंक 0.4 फीसदी गिरकर 187.65 रुपये पर आ गया है।
एग्री कमोडिटी में एनसीडीईएक्स पर हल्दी 0.9 फीसदी की उछाल के साथ 6860 रुपये पर कारोबार कर रही है। वहीं एनसीडीईएक्स पर ग्वार सीड 0.5 फीसदी की तेजी के साथ 3390 रुपये पर कारोबार कर रहा है।
नैचुरल गैस एमसीएक्स (जनवरी वायदा) : खरीदें - 224, स्टॉपलॉस - 220 और लक्ष्य - 235
लेड एमसीएक्स (जनवरी वायदा) : खरीदें - 155, स्टॉपलॉस - 152 और लक्ष्य - 160
हल्दी एनसीडीईएक्स (अप्रैल वायदा) : खरीदें - 6750, स्टॉपलॉस - 6700 और लक्ष्य - 6890
Gold prices edged down on Thursday on a strong dollar after Federal Reserve Chair Janet Yellen advocated lifting U.S. interest rates gradually.
Spot gold was down 0.1 percent to $1,202 per ounce by 0335 GMT, after dropping to as much as $1,197.31. The bullion hit an eight-week high of $1,218.64 on Tuesday.
U.S. gold futures had fallen as much as over 1 % to $1,197.10.
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Gold, considered a safe-haven investment during times of geopolitical and financial uncertainty, has risen more than 7 % since dropping to a more than 10-1/2-month-low in December.
U.S. consumer prices increased in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/2 years and signaling that inflation pressures could be building.
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Ref.Soyaoil on NCDEX settled up by 0.39% at 727.8 on demand hope in local mandis and on supply worries from Argentina. The prevailing supply concerns in Argentina due to weather uncertainty pushed up prices. National Oilseed Processors Association crushing probably rose to 163.558 million bushels from 157.711 million bushels a year earlier. Soybean-oil reserves probably fell 5.7% to 1.396b lbs from 1.481b a year earlier. In domestic market, India's vegetable oil imports during the first couple months of current marketing year Nov-Dec (2016-17) dropped 14% at 2.385 million tons against last year, according to the Solvent Extractors' Association of India (SEA).
SEA said in a statement that veg oil shipment in December plunged 15% at 1.210 million tons from last year, and nearly 3% lower from last month. The SEA in its monthly report said, the country import of soy oil jumped 41% at 232,132 tons in month of December against 164,286 tonnes in November. According to United States Department of Agriculture (USDA) January estimate, U.S 2016/17 ending stocks of soy oil is estimated to rise to 1,652 million lbs from 1,522 million lbs in January estimate. Opening stocks were unchanged at 1,687 million lbs. Production of soy oil in 2016/17 is estimated to rise to 22390 million lbs from 22,290 million lbs.
Aluminium futures were little changed during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid an increase in physical demand for aluminium at the domestic spot market.Click Here http://ripplesadvisory.com.
At the MCX, aluminium futures for January 2017 contract is trading at Rs 122.30 per kg, up by 0.04 per cent, after opening at Rs 122, against a previous close of Rs 122.25. It touched the intra-day high of Rs 122.40.
Trading Ideas
Aluminium trading range for the day is 119.6-124.2.
Aluminium gained tracking LME prices supported by expectations that Chinese smelters would shut over the northern hemisphere winter.
Aluminium stocks at three major Japanese ports stood at 275,500 tonnes at the end of December, up 14.8 percent from the previous month.
Aluminum daily stocks at Shanghai exchange came up by 721 tonnes.
सोने और चांदी में की चमक बढ़ गई है। ग्लोबल मार्केट में सोना 1215 डॉलर तक जा चुका है जबकि चांदी 17 डॉलर के पार है। अंतरराष्ट्रीय बाजार में तेजी का असर घरेलू बाजार पर भी पड़ा है। वहीं, क्रेडिट सुईस ने कहा है कि इस साल सोने का औसत भाव 1338 डॉलर तक जा सकता है। दरअसल डॉलर में गिरावट से सोने को लगातार सपोर्ट मिल रहा है। फिलहाल एमसीएक्स पर सोना 0.1 फीसदी की मामूली बढ़त के साथ 28750 रुपये पर कारोबार कर रहा है। चांदी 0.15 फीसदी बढ़कर 41665 रुपये पर कारोबार कर रही है।
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कच्चे तेल में आज भारी उठापटक हो रहा है। ग्लोबल मार्केट में तेजी आई है, जबकि घरेलू बाजार में गिरावट का रुख है। ब्रेंट क्रूड का भाव 55.7 डॉलर पर पहुंच गया है, जबकि नायमैक्स पर डब्ल्यूटीआई क्रूड 52.7 डॉलर पर कारोबार कर रहा है। हालांकि एमसीएक्स पर कच्चा तेल 0.5 फीसदी फिसलकर 3580 रुपये पर आ गया है। वहीं, नैचुरल गैस 0.25 फीसदी की बढ़त के साथ 232.2 रुपये पर कारोबार कर रहा है।
बेस मेटल में कॉपर और एल्युमीनियम को छोड़कर आज सभी मेटल ऊपर हैं। फिलहाल एमसीएक्स पर एल्युमीनियम 0.1 फीसदी गिरा है, जबकि कॉपर सपाट होकर 394.25 रुपये पर कारोबार कर रहा है। हालांकि एमसीएक्स पर निकेल 0.7 फीसदी की तेजी के साथ 692.6 रुपये पर पहुंच गया है। लेड में 0.15 फीसदी की मामूली बढ़त दिख रही है, तो जिंक 0.75 फीसदी की मजबूती के साथ 185.4 रुपये पर पहुंच गया है।
चांदी एमसीएक्स (मार्च वायदा) : बेचें - 41850, स्टॉपलॉस - 42180 और लक्ष्य - 41400.
सोना एमसीएक्स (फरवरी वायदा) : बेचें - 28825, स्टॉपलॉस - 28935 और लक्ष्य - 28620.
कच्चा तेल एमसीएक्स (जनवरी वायदा) : खरीदें - 3550, स्टॉपलॉस - 3510 और लक्ष्य - 3620.
नैचुरल गैस एमसीएक्स (जनवरी वायदा) : खरीदें - 230, स्टॉपलॉस - 237.5 और लक्ष्य - 235.
कॉपर एमसीएक्स (फरवरी वायदा) : खरीदें - 392.5, स्टॉपलॉस - 389 और लक्ष्य - 397.
निकेल एमसीएक्स (जनवरी वायदा) : खरीदें - 685, स्टॉपलॉस - 677 और लक्ष्य - 700.
जिंक एमसीएक्स (जनवरी वायदा) : बेचें - 186, स्टॉपलॉस - 187.3 और लक्ष्य - 184.
डॉलर में कमजोरी और सउदी अरब के क्रूड उत्पादन कटौती का पालन सुनिश्चित
करने के बाद क्रूड में बढ़त देखी गई। फिलहाल ब्रेंट क्रूड 55 डॉलर के ऊपर
ट्रेड कर रहा है। डॉलर 6 महीने की निचले स्तर पर पहुंच गया है लेकिन सोने
में 1 फीसदी से ज्यादा की बढ़त नजर आई जो 8 हफ्तों में सबसे ऊंचा स्तर है।
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सोना एमसीएक्स: खरीदें - 28650, स्टॉपलॉस - 28450, लक्ष्य - 28900.
कच्चा तेल एमसीएक्स: खरीदें - 3550, स्टॉपलॉस - 3470 लक्ष्य - 3650.
