Daily Tips

Friday, February 28, 2014

#LME Ware house Stocks : Copper +1875 Lead -200 Nickel -78 Zinc -4125 Aluminium -6100


MCX Lead Mar likely to trade with sideways to bullish with strong support at 132


MCX Gold trading marginal down on the back of a rise in weekly U.S. jobless claims and decline in monthly durable goods orders


MCX Aluminium Mar gains with minor change, may trade within range of 107.5-109


Wednesday, February 26, 2014

SELL NICKEL BLW 883..SL 887..TGT 879,874..CMP 882.80--ALPHA ADVISORY


NYMEX Crude recoil towards $102 per BBL following short covering


Seesaw movement in MCX Naturalgas Mar, may trade in range of 282-295


MCX Lead Feb futures may trade lower till 129.5, resistance at 132.1


#LME Ware house Stocks : Copper -2750 Lead +1225 Nickel +2424 Zinc -4950 Aluminium -7775


MCX Gold Apr down by 0.20% tracking weak physical demand, INR appreciation against USD weighted


MCX Gold futures trading flat today as weak data releases from US and pulled lower due to profit booking


MCX Nickel Feb is likely to recover till 897 level, good support is seen at 878


MCX Nickel Feb is likely to recover till 897 level, good support is seen at 878


MCX Lead Feb outperforms among other Base metals, gains by 0.60%


MCX Naturalgas Mar continues downside move for third day, made low of 285.60


MCX Copper Feb may face strong resistance above 448


MCX Base Metals recovered along with gain in USD/INR


MCX reduces transaction charges on agri-commodities by 70%


#MCX #Base Metals recovered along with gain in USD/INR

http://tinyurl.com/mcfrpep

Mentha oil rises 0.69% on pick up in demand

http://ow.ly/u0wGs

Cardamom futures rise 1.18% on spot demand

http://ow.ly/u0wFK

Gold, Silver may extend gains,MCX Crude Oil may trade in 6270-6350 range

http://tinyurl.com/kj28b88

Monday, February 24, 2014

Nokia to launch Google Android phone

http://on.ft.com/1e9javD

HondaMotor names first foreigner, female Issao Mizoguchi to top management

http://bit.ly/1cGAFT7

MCX Silver March futures have major resistance of 48100


NCDEX Castorseed March futures likely to touch 4500 in near term. support seen at 4220.


LME Ware house Stocks : Copper -2875 Lead unchanged Nickel -558 Zinc -4850 Aluminium -7675


Gold futures trade slightly positive as weaker dollar offsets higher equities


Friday, February 21, 2014

Weak US data, stronger Dollar may exert downside pressure on Commodities

Weak US data, stronger Dollar may exert downside pressure on Commodities
Spot gold prices are trading lower by 0.1 percent today on the back of rise in risk aversion in the markets coupled with strength in the DX. Also, correction seen in SPDR holdings exerted downside pressure on prices.
February 21, 2014 16:55
MUMBAI: European equities are trading on a mixed note today ahead of new home sales data from the US in the evening session. Asian markets ended on a mixed note and the US stock futures are trading higher.

UK’s Retail Sales slumped by 1.5 percent in January as against a jump of 2.5 percent in December. Public Sector Net Borrowing fell by 6.4 billion Pounds in January as compared to a gain of 9 billion Pounds in the previous month.

Spot gold prices are trading lower by 0.1 percent today on the back of rise in risk aversion in the markets coupled with strength in the DX. Also, correction seen in SPDR holdings exerted downside pressure on prices. In the Indian markets, gold prices traded on a flat note today.

Taking cues from fall in gold prices, Spot silver prices fell by around 0.1 percent today. Also, mixed global market sentiments along with strength in the DX acted as negative factor for prices of the white metal. MCX Silver prices gained around 0.1 percent today despite Rupee appreciation.

Base metals pack on the LME except Copper traded on a positive note on the back of positive manufacturing data from the US that came yesterday. Also, decline in inventories acted as a positive factor. However, sharp gains were capped on the back of strength in the DX along with rise in risk aversion in the markets. In the Indian markets, base metals traded higher except Copper despite Rupee appreciation.

LME Copper prices fell by around 0.2 percent today taking cues from unfavourable Philly Fed manufacturing data from the US along with negative manufacturing data from the biggest consumer, China. Also, strength in the DX along with mixed global market sentiments acted as a negative factor. However, positive manufacturing PMI data from the US coupled with decline in LME inventories by 1.5 percent to 285,350 tonnes restricted sharp fall in prices. MCX Copper prices declined by 0.1 percent today.

Nymex crude oil prices declined by 0.4 percent today taking cues from rise in the US crude oil inventories which has gained for the fifth consecutive week ending on 14th Feb’14. Further, drop in gasoline and distillate demand along with strength in the DX exerted downside pressure on prices. MCX crude oil prices fell by 0.3 percent and touched a low of Rs.6365/bbl till 4:00pm IST.

In the evening session, we expect precious metals, base metals and crude oil prices to trade on a mixed note on the back of mixed global market sentiments. Also, strength in the DX will act as a negative factor.

Further, expectations of weak economic data from the US in the evening session will exert downside pressure on prices

#LME Ware house Stocks : Copper -4250 Lead +75 Nickel -504 Zinc -4975 Aluminium -7050


Thursday, February 20, 2014

Commodities may trade negative on weak global market sentiments, stronger Dollar

http://tinyurl.com/les4ovz

NEWS MARKETS TRADING ADVISORY AGRI SERVICE FOLLOW US facebook facebook Home News Details Other Stories Rising Crude Oil prices a worry for Indian economy, CAD may rise 20 Feb 14 BTG Pactual net profit rises 3% in 4Q2013 20 Feb 14 Myron Scholes appointed to CME Group's Competitive Markets Advisory Council 20 Feb 14 Natural Gas rally subsides on profit booking, trend still positive 20 Feb 14 Gold mining output has little impact on prices: Jeff Nichols 20 Feb 14 Could graphite demand for lithium-ion batteries double in five years? 19 Feb 14 How retail demand sliced 400oz London Good Delivery bars in 2013 19 Feb 14 Sweetening Sugar in an election year: Will it pay? 19 Feb 14 Eagle Ford Shale play: The identity crisis 19 Feb 14 Natural Gas flares up on winter storms, cold weather, MCX Nat Gas may target 385 near term 19 Feb 14 China’s Commodity diplomacy in the Caribbean aka US backyard 19 Feb 14 Fourth consecutive gain on D-Street; IT, Pharma stocks rally 19 Feb 14 Market Pulse LME Inventory: Aluminium falls the most by 4275 tons 2014-02-20 15:41:16 Mustard market under long liquidation, open interest drops 2.85% 2014-02-20 12:16:00 Fresh selling seen in Maize, support at 1210 2014-02-20 12:08:22 More Future Prices Gold (2014-12-05) 28618(379) (LTP) Gold (2014-12-05) 28220(0) (LTP) Gold (2014-07-29) 25998(0) (LTP) Gold (2014-07-29) 25998(0) (LTP) More Technical Analysis Schatz resistance at 110.62/63 Bobl: Immediate resistance at 126.83/84 Bund: Immediate resistance at 144.00/02 More Fundamentals Japan's trade deficit continues to rise, hits $27.3 bn in Jan Pakistan Sugar exports rise 90.59% to 111806 tons in Jan: PBS India's Natural Rubber imports may fall to 200000 tons in 2014-15 More Pivot Point Gold 20 Feb 2014 29978 Pivot Silver 20 Feb 2014 47730 Pivot More Nifty ends below 6100; Financial, FMCG stocks makes hay

MUMBAI (Commodity Online): Indian bourses opened gap down amid weak global cues. Indices plunged half percent after Fed minutes released late Wednesday signaled continuation of trimming its bond buying program at the usual pace of $10bn-a-month unless economy surprises significantly.

Selling in Banking & Financial and Metal stocks put the pressure on indices. On the flip side, Realty and Capital Goods stocks witnessed buying in opening session. Market traded choppy most of the day. Market extended losses in closing session tracking weak European cues.

Market breadth remained negative amid broader weakness. Midcap and Smallcap indices closed almost flat. Benchmark indices ended with loss of almost one percent in today's session.

Sensex closed at 20536.64 with the loss of 186.33 points and at NSE Nifty closed at 6191.45 with the loss of 61.30 points at the end of the day. BSE MIDCAP index closed at 6377.02 with the gain of 0.08 points and BSE SMALLCAP index closed at 6361.85 with the loss of 10.35 points.

In percentage term key losers were Bank of Baroda Ltd (NSE: BANKBARODA), Kotak Mahindra Bank Ltd (NSE: KOTAKBANK) and Grasim Industries Ltd (NSE: GRASIM) while key gainers were Jaiprakash Associates Ltd (NSE: JPASSOCIAT), Dr Reddy's Laboratories Ltd (NSE: DRREDDY) and Bajaj Auto Ltd (NSE: BAJAJ-AUTO).

On sectoral front almost all the sectoral indices closed in red barring Power and Capital Goods sectors closed marginally in green. Major selling was seen in Banking & Financial, Metal, FMCG, Oil & Gas and IT sectors. Market breadth remained negative amid 1193 advances and 1479 decline stocks.

From the Nifty weight perspective, key losers were ITC Ltd (NSE: ITC), ICICI Bank Ltd (NSE: ICICIBANK) and Housing Development Finance Corporation Ltd (NSE: HDFC) while key gainers were Dr Reddy's Laboratories Ltd (NSE: DRREDDY), Bajaj Auto Ltd (NSE: BAJAJ-AUTO) and Larsen & Toubro Ltd (NSE: LT).

MCX chief financial officer resigns

http://profit.ndtv.com/news/corporates/article-mcx-chief-financial-officer-vastani-resigns-381144 …

Rising Crude Oil prices a worry for Indian economy, CAD may rise

http://tinyurl.com/o53h8or

Fresh selling seen in Maize, support at 1210

http://tinyurl.com/nqlb39f

Nickel market rises on short covering, support at 897.2

http://tinyurl.com/pgruhwp

Base Metals may trade in range on mixed fundamentals

 http://tinyurl.com/k8vrv4j

Crude Oil rally as cold weather fed heating Oil demand

 http://tinyurl.com/lhly3wd

Silver may trade 47089-48371 range, resistance at 48079

http://tinyurl.com/pjchna2

Fresh buying seen in Crude Oil, support at 6371

 http://tinyurl.com/klbc5lz

Strong resistance for Turmeric NCDEX Apr seen at 7360. trading above the same likely to touch 7560 in near term.


Copper market rises on short covering, open interest drops 7.2%

 http://tinyurl.com/nuu8jp5

Nifty down over 0.5%, Banks under stress


Wednesday, February 19, 2014

MCX Crudeoil likely to recover in evening session, Strong support at 6360


MCX Base Metals may trade volatile for evening following list of US economic data


MCX Silver may turn bullish above 48000


Avoid fresh long position for intraday as MCX NaturalGas breaks 8% circuit


Commodities may trade mixed, awaits FOMC minutes

February 19, 2014 16:45
MUMBAI: European equities are trading lower today ahead of the housing starts data from the US in the evening session. Asian markets ended on a positive note and the US stock futures are trading in the red.

UK’s Claimant Count Change fell by 27,600 in January as against a decline of 27,700 in December. Unemployment Rate rose to 7.2 percent in December from 7.1 percent in November. Average Earnings Index gained 1.1 percent in December as compared to a rise of 0.9 percent in November.

Spot gold prices are trading lower by 0.2 percent today taking cues from rise in risk aversion in the markets coupled with strength in the DX. Also, correction seen in SPDR holdings exerted downside pressure on prices. The prices touched an intra-day low of $1313.94/oz till 4:00pm IST.

Taking cues from decline in gold prices, Spot silver prices plunged around 0.5 percent today. Also, mixed global market sentiments along with strength in the DX acted as a negative factor for prices of the white metal. However, sharp downside was cushioned on the back of again in base metal prices.

Base metals pack on the LME traded on a positive note on the back of decline in inventories. However, mixed global market sentiments along with strength in the DX capped sharp gains in prices.

LME Copper prices traded higher by around 0.1 percent today taking cues from decline in inventories by 0.9 percent to 290,625 tonnes. However, rise in risk aversion in the markets along with strength in the DX acted as prevented sharp gains. The red metal prices touched an intra-day high of $7220/tonne till 4:00pm IST.

Nymex crude oil prices declined by around 0.2 percent on the back of expectations of gain in API crude oil inventories. Also, strength in the DX acted as a negative factor. The crude prices touched an intra-day low of $102.49/bbl till 4:00pm IST.

The American Petroleum Institute (API) is scheduled to release its weekly inventories today and US crude oil inventories are expected to gain by 1.8 million barrels for the week ending on 14th February 2014.

In the evening session, we expect precious metals, base metals and crude oil prices to trade on a mixed note on the back of mixed market sentiments. Additionally, direction to the prices will be provided if any major announcement happens in the FOMC meeting minutes.

While on the other hand, strength in the DX will act as a negative factor. Further, expectations of weak economic data from the US in the evening session will exert downside pressure on prices.

Airtel first to cross 200 million mobile-user mark in India http://profit.ndtv.com/news/industries/article-airtel-first-to-cross-200-million-mobile-user-mark-in-india-381071 …


America’s labour supply may be permanently stunted http://econ.st/1bkCTce


LME Inventory: Aluminium falls the most by 5475 tons

http://tinyurl.com/nnoerzb

MCX Gold April futures fall below 30000 as short time of profit taking


LME Ware house Stocks : Copper -2525 Lead -1050 Nickel -132 Zinc -3525 Aluminium -5475


Tuesday, February 18, 2014

Double crown for China: Largest gold producer and consumer http://tinyurl.com/oss3lw4


Empire State Manufacturing Index may impact positive for #Bullions and negative for #Metals and #Energy

http://tinyurl.com/mcfrpep

Crude Oil looks bullish in short-term, buying on dips recommended http://tinyurl.com/mqd2xwd

http://tinyurl.com/mqd2xwd

Feb is likely to trade up till 453 level, having good support at 445. http://tinyurl.com/mcfrpep

http://tinyurl.com/mcfrpep

NCDEX gets approval for 5kg, 15 kg Silver hedge futures


USD Empire State Manufacturing Index Actual 4.5 Forecast 9.9 Previous 12.5


Gold jumps almost 3% on MCX as no import duty cut was announced in the budget 2014


Monday, February 17, 2014

LME Ware house Stocks : Copper -3100 Lead -500 Nickel -180 Zinc -3575 Aluminium -9250 Tin -60


budget2014 USD/INR falls to day low after FM sees Indian FY15 fiscal deficit at 4.1%


budget2014 FM: Agri credit to cross Rs 7 lakh cr; exports to gain over $45 billion


Excise duty on Sports Utility Vehicles from 30% to 24%: FM


Cut excise duty on small cars to 8%, medium cars to 20%


Excise duty reduced from 12% to 10%: FM


budget2014 Not recommending major changes in tax laws


budget2014 FM Must achieve Fiscaldeficit of 3% of GDP by FY17


budget2014 FM: Govt must focus on building new cities, new governance


FM says to liberalize INR denominated bond market


India Govt intervened swifty to ensure National Spot Exchange crisis did not spread to other sectors: FM


budget2014: Govt committed to amending Forward Contracts Regulation Act to regulate commodity futures


budget2014: FM announces moratorium on interest payment for education loans; details to be announced shortly


budget2014 FM Says: To offer Interest relief to student loans with PSU banks


Gold and Silver move towards day high post #budget2014 speech, up by 1.7% and 2.7% respectively


Friday, February 7, 2014


GOLD
BUY ABOVE
TGT 1
TGT2
TGT3
SL
HIGH BRK OUT
TGT 1
TGT2

28769.83333
28851.66667
28952.5
29053.333
28737.8333
28940
29060.33
29134.67
PIV.POINT
SELL BELOW
TGT 1
TGT2
TGT3
SL
LOW BRK OUT
TGT1
TGT2
28738.33333
28706.83333
28536.66667
28480
28423.333
28738.8333
28625
28504.67
28430.33









LEAD
BUY ABOVE
TGT 1
TGT2
TGT3
SL
HIGH BRK OUT
TGT 1
TGT2

131.4766667
132.2833333
132.6
132.91667
131.156667
131.95
132.5612
132.9388
PIV.POINT
SELL BELOW
TGT 1
TGT2
TGT3
SL
LOW BRK OUT
TGT1
TGT2
131.3166667
131.1566667
130.6833333
130.2
129.71667
131.476667
130.35
129.7388
129.3612









ZINC
BUY ABOVE
TGT 1
TGT2
TGT3
SL
HIGH BRK OUT
TGT 1
TGT2

124.4766667
125.6333333
126.025
126.41667
124.156667
125.1
125.9022
126.3978
PIV.POINT
SELL BELOW
TGT 1
TGT2
TGT3
SL
LOW BRK OUT
TGT1
TGT2
124.3166667
124.1566667
123.5333333
122.875
122.21667
124.476667
123
122.1978
121.7022









ALUMINUM
BUY ABOVE
TGT 1
TGT2
TGT3
SL
HIGH BRK OUT
TGT 1
TGT2

105.165
105.65
105.925
104.935
104.935
105.6
106.0393
106.3107
PIV.POINT
SELL BELOW
TGT 1
TGT2
TGT3
SL
LOW BRK OUT
TGT1
TGT2
105.05
104.935
104.5
104.2
105.165
105.165
104.45
104.0107
103.7393