Today prices of Jeera & Chana ends high 21 Dec, 2015

Jeera prices ended high by 0.31% on Friday last week at the NCDEX as the investors increased their holdings in the commodity in the midst limited arrivals from emerging areas. 

NCDEX : January 2015 contract  for Jeera futures terminated at Rs. 14,640 per quintal, up by 0.31 per cent, after unlocking at Rs. 14,555 against the previous closing price of 14,595. It reached the intra-day high of Rs. 14,750.

Chana prices ends higher 1.46 per-cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders expanded their holdings in the commodity on account of the good requirement in the market. 

NCDEX : January 2015 contract for Chana futures closed at Rs. 4,868 per quintal, up by 1.46 per-cent, after unlocking at Rs. 4,785 against the previous closing price of Rs. 4,798. It reached the intra-day high of Rs. 4,878.

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Commodity tips & updates for 16 Dec, 2015

Prices of Chana ended lower by 0.08 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. 

At NCDEX, chana futures for Dec 2015 contract closed at Rs. 5,078 per quintal, down by 0.08 per-cent, after starting at Rs. 5,095 as compared to the previous closing price of Rs. 5,082. It attained the intra-day low of Rs. 5,035.

 

Ncdex : Maize prices closed down by 1 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher world wide supplies and weak offtakes from the native buyers.

At the NCDEX, maize futures for Dec 2015 contract closed at Rs. 1,481 per quintal, down by 1 per-cent, after unlocking at Rs. 1,475 against the previous closing price of Rs. 1,496. It attained the intra-day low of Rs. 1,475.

Sentiment weakened further as a result of a decline in the requirement for the commodity segment from bio-fuel making industries tracking the weak world markets. 

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DAILY COMMODITY REPORT FOR 25 FEB 2015

Precious Metals

D A I L Y B U Z Z

GOLD

Gold futures closed lower in the domestic market on Monday as investors and speculators exited positions in the precious metal as a stronger dollar curbed the demand for the bullion as an alternative asset. Stronger bullion makes gold more expensive for those holding other currencies, thus dimming demand. Further, plunging crude oil prices threatened to exert further downward pressure on global inflation, dimming the appeal of gold, a hedge against rising consumer prices. Gold also fell after Greece struck a provisional deal with Euro group finance ministers to receive a four-month extension on its bailout, curbing safe haven demand. Caution ahead of the testimony of Fed Chair Janet Yellen to a US Congressional Committee on Tuesday where she may offer cues over the Fed’s assessment of the world’s biggest economy and the timing of the maiden US interest rate hike since 2006 also weighed on sentiment. Gold may extend a decline today as investors cautiously await the Yellen speech to the Congress. At the MCX, Gold futures for April 2015 contract closed at Rs 26,153 per 10 gram, down by 0.47 per cent after opening at Rs 26,228, against the previous closing price of Rs 26,277. It touched the intra-day low of Rs 25,955 till the closing.

Energy

D A I L Y B U Z Z

NATURAL GAS

Natural Gas futures ended lower in the domestic market on Monday as investors and speculators booked profits in the energy commodity after prices surged in the previous session when forecasts for a polar blast extending into early March bolstered the demand outlook for the heating fuel. Latest weather forecasting models have called for below normal temperatures in the key US Northeast and Midwest regions through March 6, 2015. At the MCX, Natural Gas futures for February 2015 contract closed at Rs 181.60 per 1 kg, down by 1.3 per cent after opening at Rs 186.3, against the previous closing price of Rs 184. It touched the intra-day low of Rs 180.40 till the closing.

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DAILY COMMODITY REPORT FOR 27 JAN 2015

Precious Metals

D A I L Y B U Z Z

GOLD

Gold futures fell by 0.26 per cent on Friday at the domestic markets as a stronger dollar reduced the appeal of the bullion as an alternative asset. Stronger dollar makes the precious metal expensive for those holding other currencies, thus reducing demand. At the MCX, Gold futures for February 2015 contract was trading at Rs 27,964 per 10 gram, down by 0.26 per cent after opening at Rs 28,010, against the previous closing price of Rs 28,036. It touched the intra- day low of Rs 27,947 till the trading. MCX Gold February contract was trading at Rs 27991 down Rs 45, or 0.16 percent. The GOLD rate touched an intraday high of Rs 28054 and an intraday low of Rs 27931. So far 5556 contracts have been traded. Gold prices have moved down Rs 248, or 0.88 percent in the February series so far.

Base Metals

D A I L Y B U Z Z

COPPER

Copper prices fell by 1.07 per cent on Friday at the domestic markets after the HSBC China flash January PMI showed the manufacturing sector still in contraction though there was a slight trend improvement over last month's final. The HSBC January initial estimate came in at 49.8, compared to December's final of 49.6, but the January flash output index ticked up to 50.1 from 49.9 in December, placing it just in expansion territory above 50. At the MCX, copper futures for February 2015 contract were trading at Rs.347.20 per 1 kg, down by 1.07 per cent, after opening at Rs. 349.50 against the previous closing price of Rs. 350.95. It touched the intra-day low of Rs. 346.40 till the trading. (At 11.45 AM).

Agro Outlook

D A I L Y B U Z Z

DHANIYA

Coriander prices rose by 4.16 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for April 2015 contract was trading at Rs. 8,035 per quintal, up by 4.16 per cent after opening at Rs. 7,908 against the previous closing price of Rs. 7,714. It touched the intra-day high of Rs. 8,176 till the trading. (At 11.30 AM today).

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TODAY BASE METAL & ENERGY REPORT 02 JAN 2015

Base Metals & Energy

D A I L Y B U Z Z

CRUDEOIL

Crude oil prices rose by 0.74 per cent on Thursday at the domestic markets after Energy Information Administration said that U.S. Crude Oil Inventories fell to a seasonally adjusted annual rate of -1.754M, from 7.267M in the preceding month signaling that the demand for the commodity in US, world’s largest consumer of crude oil is strong. At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,394 per barrel, up by 0.74 per cent, after opening at Rs. 3,398 against the previous closing price of Rs. 3,369. It touched the intra-day low of Rs. 3,410 till the trading. (At 11.41 AM today).

NATURAL GAS

Natural gas futures tumbled in the domestic market on Thursday as investors and speculators exited positions in the energy commodity as forecasts for mild January weather dampened heating demand in the world’s biggest economy while supplies fell last than expected last week.The Commodity Weather Group expects January temperatures to be 6.7 per cent warmer than a year earlier, dimming the demand outlook for the heating fuel.US gas stockpiles fell 26 billion cubic feet to 3.22 trillion cubic feet in the week ended December 26, 2014, the smallest withdrawal for this period since 2005 and missing analysts’ forecast for a drop of 34 billion cubic feet.At the MCX, Natural Gas futures for January 2015 contract closed at Rs 185.20 per 1 kg, down by 2.06 per cent after opening at Rs 186.60, against the previous closing price of Rs 189.10. It touched the intra-day low of Rs 182.80 till the closing.

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DAILY GOLD & SILVER REPORT 31 DEC 2014

Precious Metals

D A I L Y B U Z Z

GOLD

Gold prices rose by 0.49 per cent on Tuesday at the domestic markets as a result of a decline in stocks. However, a stronger dollar reduced the appeal of the bullion as an alternative asset after a Greek vote triggered the dissolution of the country's parliament. Stronger dollar makes the precious metal expensive for those holding other currencies, thus reducing demand. Gold futures for February 2015 contract, at MCX, were trading at Rs. 26,896 per 10 grams, up by 0.49 per cent after opening at Rs. 26,845 against the previous closing price of Rs. 26,764. It touched the intra-day high of Rs. 26,918 till the trading. (At 11.25 AM today).

SILVER

Silver prices rose by Rs 169 to Rs 36,653 per kg in futures trading today as speculators indulged in creating fresh positions amid a firming trend in the precious metals overseas. At the Multi Commodity Exchange, silver for delivery in March traded higher by Rs 169, or 0.46 per cent, at Rs 36,653 per kg in business turnover of 432 lots. Likewise, the white metal for delivery in May traded higher by Rs 158, or 0.43 per cent, to Rs 37,312 per kg in 9 lots. Market analysts said fresh positions built-up by speculators largely in tandem with a firming trend in the precious metals overseas as a retreat in stocks revived demand for an alternative investment, supported the upside in silver prices at futures trade. Meanwhile, silver was up 0.70 per cent at 15.91 an ounce in Singapore.

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DAILY COMMODITY REPORT 11 DEC 2014

Precious Metals

D A I L Y B U Z Z

GOLD/SILVER

Gold prices rose by 0.21 per cent to Rs 27,336 per 10 grams in futures trade as speculators created fresh positions taking positive cues from the global market. 

At Multi Commodity Exchange, gold for delivery in far- month April was up by Rs 58, or 0.21 per cent, to Rs 27,336 per 10 gram in business turnover of 38 lots. The precious metal for delivery in February moved up by Rs 34, or 0.13 per cent, to Rs 27,193 per 10 gram in a turnover of 1,765 lots. 

Meanwhile, gold rose to USD 1,238.32 an ounce in New York, the highest price since October 23. 

Silver prices were marginally up by 0.08 per cent to Rs 38,550 per kg in futures trading today as participants built up fresh positions, tracking a better trend overseas. 

At the Multi Commodity Exchange, silver for delivery in March next year gained by Rs 29, or 0.08 per cent to Rs 38,550 per kg in business turnover of 1,734 lots. Likewise, the white metal for delivery in far-month May contracts traded higher by Rs 33, or 0.08 per cent to Rs 39,162 per kg in 43 lots. 

Energy

D A I L Y B U Z Z

CRUDE OIL

Crude oil futures fell in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity after Iran predicted a further dip in prices amid discord among OPEC members. An Iranian official said that crude may fall to as low as USD 40 per barrel due to a price war or divisions in the OPEC. Major OPEC members such as Saudi Arabia and Iraq have cut prices for its Asian buyers to the lowest level in over a decade as they bid to maintain their market share amid surging US crude output. At the MCX, Crude Oil futures, for the December 2014 contract, is trading at Rs 3,932 per barrel, down by 0.28 per cent, after opening at Rs 3,915, against a previous close of Rs 3,943. It touched an intra-day low of Rs 3,910. (At 11:37 AM).

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WEEKLY MCX NCDEX REPORT 1 DEC 2014

Precious Metals

D A I L Y B U Z Z

SILVER

Silver prices fell by 0.90 per cent to Rs 35,563 per kg in futures trade as speculators engaged in reducing their positions largely in tune with a weakening trend overseas.

At the Multi Commodity Exchange, silver for delivery in December contracts traded lower by Rs 324, or 0.90 per cent, to Rs 35,563 per kg in business turnover of 947 lots.

Similarly, the white metal for delivery in far-month March next year contracts declined by Rs 270, or 0.74 per cent, to Rs 36,445 per kg in business volume of 435 lots.

In the international market, silver fell 1.20 per cent to $16.05 an ounce in Singapore, the lowest since November 20.

Market analysts said a subdued trend in precious metals in the global markets as crude oil at the lowest level in four years increased prospects for a cooling of consumer prices, reducing demand for an inflation hedge, put pressure on silver futures trade here. 

Agro Outlook

D A I L Y B U Z Z

CASTOR SEED

Castorseed prices fell by 1 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for December 2014 contract was trading at Rs. 4,556 per quintal tonnes, down by 1 per cent, after opening at Rs. 4,590 against the previous closing price of Rs. 4,602. It touched the intra-day low of Rs. 4,525 till the trading. (At 12.36 PM today).

CORIANDER

Coriander prices fell by 0.69 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for December 2014 contract were trading at Rs. 12,889 per quintal, down by 0.69 per cent, after opening at Rs. 12,956 against the previous closing price of Rs. 12,979. It touched the intra-day low of Rs. 12,838 till the trading. (At 12.05 PM today).

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DAILY MCX COMMODITY GOLD, SILVER & ALUMINIUM 17 OCT 2014

Precious Metals

D A I L Y B U Z Z

GOLD/SILVER

Gold prices rose further by Rs 190 to Rs 27,840 per ten grams in the national capital today on sustained buying by jewellers and retailers amid festive season demand and weakening rupee.

Silver also recovered by Rs 100 to Rs 38,900 per kg on increased offtake by industrial units and coin makers.

Gold in New York, which normally sets price trend on the domestic front, rose 0.72 per cent to trade at five-week high of USD 1,241.10 an ounce and silver by 0.32 per cent to USD 17.45 an ounce in yesterday's trade.

In Delhi, gold of 99.9 and 99.5 per cent purity rose by Rs 190 each to Rs 27,840 and Rs 27,640 per ten grams, respectively.

It had gained Rs 70 in yesterday's trade. Sovereign followed suit and gained Rs 100 to Rs 24,300 per piece of eight gram.

Silver ready rebounded by Rs 100 to Rs 38,900 per kg and weekly-based delivery by Rs 105 to Rs 38,870 per kg, while silver coins held steady at Rs 69,000 for buying and Rs 70,000 for selling of 100 pieces. 

Base Metals

D A I L Y B U Z Z

ALUMINIUM

Aluminium prices fell 0.88 per cent to Rs 117.70 per kg in futures trade today as speculators offloaded their positions amid weak cues from global markets. 

At the Multi Commodity Exchange, aluminium for delivery in October declined by Rs 1.05, or 0.88 per cent, to Rs 117.70 per kg in a business turnover of 267 lots.Similarly, the metal for delivery in November traded lower by 75 paise, or 0.63 per cent, to Rs 119 per kg in 20 lots.

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DAILY COMMODITY NCDEX REPORT 16 OCT 2014

Agro Outlook

D A I L Y B U Z Z

CARDAMOM

Cardamom prices declined by 1.07 per cent to Rs 841 per kg in futures trade today as speculators indulged in reducing positions, tracking a weak trend in the spot market on sluggish demand at 

prevailing higher levels. 

At the Multi Commodity Exchange, cardamom for delivery in far-month December fell by Rs 9.10, or 1.07 per cent, to Rs 841 per kg in business turnover of 24 lots.

Likewise, the spice for delivery in November contract traded lower by Rs 6.70, or 0.79 per cent, to Rs 839.10 per kg in 134 lots.

REFINED SOYA OIL

Refined soya oil prices went up by 0.38 per cent to Rs 583.85 per 10 kg in futures trade today as speculators enlarged positions, taking positive cues from spot market on firm demand. 

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November rose by Rs 2.20, or 0.38 per cent to Rs 583.85 per 10 kg with an open interest of 1,17,600 lots. 

Similarly, the oil for delivery in October traded higher by Rs 1.80, or 0.31 per cent to Rs 590.60 per 10 kg in 19,620 lots. 

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WEEKLY COMMODITY REPORT FOR 08 SEP 2014

Precious Metals

D A I L Y B U Z Z

SILVER

Silver prices traded lower by 0.10 per cent to Rs 42,035 per kg in futures trade today as speculators offloaded positions on the back of a weak global trend. 

At the Multi Commodity Exchange, silver for delivery in far-month December fell by Rs 41, or 0.10 per cent, to Rs 42,035 per kg in business turnover of 412 lots. 

Market analysts said speculators trimmed positions in line with a weak global trend mainly helped silver prices to trade lower at futures market here. 

Meanwhile, silver lost 0.2 per cent to $19.00 an ounce, the lowest since June 10 in Singapore. 

Base Metals

ZINC

Zinc prices fell by 0.38 per cent on Friday at the domestic markets after the pace of growth in the U.S. services sector dipped in August compared with the previous month, a survey showed signaling an improving sentiment in the region which reduced the demand outlook for the metal. The services sector Purchasing Managers Index compiled by information Services Company Markit slipped to 59.5 in August from 60.8 in July. Zinc futures for September 2014 contract, at MCX, were trading at Rs 144.90 per kg, down by 0.38 per cent after opening at Rs. 145.40 against the previous closing price of Rs. 145.45.

Agro Outlook

CORIANDER

Coriander prices fell by 0.97 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for September 2014 contract were trading at Rs. 11,633 per quintal, down by 0.97 per cent, after opening at Rs. 11,729 against the previous closing price of Rs. 11,747. It touched the intra-day low of Rs. 11,615 till the trading. (At 11.40 AM on Friday).

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REVIA DALILY COMMODITY UPDATE FOR 21 JAN 2013

Precious Metals
GOLD  SILVER
                                                                D A I L Y B U Z Z
GOLD
Gold prices rose by 0.27 per cent to Rs 29,345 per ten grams in futures trade today as speculators created fresh positions, tracking firm global trend.
At the Multi Commodity Exchange, Gold for delivery in February rose by Rs 80, or 0.27 per cent, to Rs 29,345 per ten grams in a business turnover of 952 lots.
Similarly, the metal for delivery in April gained Rs 57, or 0.20 per cent, to Rs 28,701 per ten grams in 88 lots. Market analysts said speculators created fresh positions in tandem with a firm global trend where gold rose to six-week high that led to rise in gold prices at futures trade. 
SILVER
Silver prices moved up by 0.18 per cent to Rs 46,200 per kg in futures trading today as speculators enlarged their positions, supported by a higher global trend.
At the Multi Commodity Exchange, Silver for delivery in May rose by Rs 83, or 0.18 per cent, to Rs 46,200 per kg in a business turnover of 40 lots.
Likewise, the white metal for delivery in March moved up by Rs 74, or 0.16 per cent, to Rs 45,210 per kg in 1,935 lots.

Base Metals & Energy
LEAD  NICKEL
                                                              D A I L Y B U Z Z
LEAD
Lead prices traded higher by 0.26 per cent to Rs 135.55 per kg in futures market today as speculators
created fresh positions due to rise in demand from battery-makers in the spot market.

At the Multi Commodity Exchange, lead for delivery in January rose by 35 paise, or 0.26 per cent, to Rs 135.55 per kg in a business turnover of 1,385 lots.

Likewise, the metal for delivery in February traded higher by 30 paise, or 0.22 per cent, to Rs 136.75 per kg in 114 lots. Market analysts said speculators created fresh positions after a rise in demand from
battery-makers in the spot market helped lead prices to trade higher at futures trade.

NICKEL
Tracking a lower global trend, nickel prices fell by 0.86 per cent to Rs 890.50 per kg in futures trade
today as speculators trimmed their positions.

At the Multi Commodity Exchange, nickel for delivery in January fell by Rs 7.70, or 0.86 per cent, to Rs 890.50 per kg in a business turnover of 3,361 lots.

Similarly, the metal for delivery in February lost Rs 7.30, or 0.81 per cent, at Rs 897.20 per kg in 255
lots. Tracking a lower global trend, nickel prices fell by 0.86 per cent to Rs 890.50 per kg in futures trade today as speculators trimmed their positions. Market analysts said speculators trimmed their positions in tandem with a lower global trend that put pressure on nickel prices at futures trade. Meanwhile, the metal lost 1.4 per cent to $14,494 a tonne on the London Metal Exchange.

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NCDEX Tips And Trend For Today

NCDEX Commodity Trend

• NCDEX Jeera June: A downfall may continue towards 12250 levels for the day.
• NCDEX Chilli June: If unable to sustain above 5000 levels, we can expect to see a lower correction towards 4750 levels.
• NCDEX Chana June: Sideways to lower trading for the day.
• NCDEX KAPAS April 2013: A pullback rally may seen, if prices hold the support of 910 levels for the day.
• NCDEX Dhaniya June: Negative sentiments still persists, as long as prices caps the upside resistance at 3645 levels for the day.
• NCDEX Turmeric June: If prices break below 3562, then a downside correction may be seen towards 3500 levels for the day.
• NCDEX Refined Soy oil June: A strong support is seen at 709, breaks below the same with volume could see prices trade lower towards 709 levels.
• Cardamom June: A major support is seen at 1281 levels, which if held, may see prices turn higher for the day.

Free NCDEX Tips

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss
Chilli (Jun)	Buy	Around 4800	4850	4900	4765
Pepper (Jun)	Buy	38450-38500	38850	39200	34250
Jeera (Jun)	Sell	12600-12630	12400	12200	12730
Turmeric (Jun)	Buy	Above 3630	3680	3730	3595
COCUDAKL (Jun)	Sell	Around 1100	1080	1060	1110
Cardamom (Jun)	Sell	Below 1325	1300	1270	1345
Soya bean (Jun)	Sell	Below 3300	3250	3200	3335

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