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Showing posts with label Best Commodity Tips. Show all posts
Showing posts with label Best Commodity Tips. Show all posts

Tuesday, 19 February 2019

MCX UPDATES

BULLION - MCX Gold and Silver may note some gains tracking cues from international exchange. COMEX gold trades higher near $1348/oz and has tested the highest level since April 2018. Gold has benefitted from general correction in US dollar index as market players position for FOMC minutes and US-China trade talks. FOMC minutes due today will reflect on Fed�s stance on rate hikes as well as bond reduction plan. Disappointing US economic data and global economic challenges indicate that Fed may maintain patient rate hike stance. Meanwhile, minutes may show that there were discussions on ending bond reduction plan. US-China negotiations resume Tuesday and are scheduled to continue through Friday. Meanwhile, he US is asking China to keep its currency stable as part of the negotiations. It is likely that we may not see a major breakthrough this week amid possibility of US extending the March 1 deadline and amid possibility of a meeting between US and Chinese President. Gold and other precious metals have also benefitted from rally in palladium price which has hit record high level today on supply tightness concerns. ETF outflows however show weaker investor interest in gold at higher price. Gold holdings with SPDR ETF fell by 0.58 ton to 792.446 tonnes. Gold has rallied sharply after breaking past the $1330/oz level and the rally will sustain only if we see further signs of dovish tilt in Fed�s monetary policy stance.

ENERGY- Crude Oil- MCX Crude may note choppy trade tracking cues from international exchange but overall bias is still on the upside. NYMEX crude trades in a narrow range above $56 per barrel holding on to recent gains. Supporting crude price is supply disruption at Saudi�s Safaniyah oilfield and Saudi Arabia�s pledge to deepen production cuts as part of OPEC-non OPEC production cut deal. Meanwhile, reports noted that Russian President Vladimir Putin and Saudi King Salman Bin Abdulaziz agreed to extend their joint cooperation on the global oil market. This will ease market concerns that Russia�s hesitance on continuing with production cuts. However, weighing on crude price is higher US output. As per US EIA latest drilling report, crude production from shale resources is expected to rise by another 1% in March. Also weighing on price is expectations of another increase in US crude oil stocks. Amid other factors, crude remains in a range as market players focus on US-China trade talks. US-China negotiations resume Tuesday and are scheduled to continue through Friday. As per reports, the US is asking China to keep its currency stable as part of the negotiations. Weakness in US dollar ahead of FOMC minutes has also lent some support to commodities at large. Crude may witness choppy trade amid positioning near contract expiry but buying on dips is recommended as supply concerns persist and US-China trade talks continue to progress.

Natural Gas- MCX Natural gas may note mixed trade in line with international market but selling could be considered at higher levels. NYMEX natural gas trades marginally lower near $2.65/mmBtu after a 1.4% gain in previous session. Forecast of cold weather in some parts of US and expectations of a bigger than average decline in gas stocks has lent some support to price. The sharp rise in crude oil price has also lent some support to gas price. However, weighing on price is nearing end of high demand winter season and higher US output. Mixed factors may keep gas in a range however selling could be considered at higher levels as ending winter season may keep a check on demand expectations.

BASE METAL - Base metals on LME trade sideways to higher today after most metal ended in green yesterday. LME Nickel was the best performer with 1.65% gains followed by 0.7% rise in Copper and Zinc prices. In other metals however Aluminium ended unchanged while Lead closed 0.4% lower.


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Monday, 18 February 2019

Cotton futures (Feb) is expected to bounce back amid short covering and lower level buying taking support near 19990.


On the spot markets, cotton prices are expected to remain firm this year due to lower production in the country, apart from rising consumption. In the international markets, the traders are keeping an eye on what's going on over in Beijing for some positive news. High-level officials from the US and China are in talks as a critical trade war deadline is getting closer since March 1 marks the deadline for the current 90-day pause in the trade war. Chana futures (Mar) is expected to intensify its rally & test 4350 levels. Dal mills have kicked off stocking to build inventory after a jump in arrival of pulses from fresh harvest that is likely to double up in coming weeks. Dal mills purchase raw pulses from market and then process it into dal of various grades. On processing 60% comes out as dal, while 25% goes as cattle feed. The rest is wasted. Another reason for the upside momentum is being attributed to the market talks that Nafed will not sell chana in open markets and will go to build buffer stock around 10 lakh tonnes. The trend of mentha oil (Feb) is bullish & may take support near 1590 levels. Weather disturbances in the major growing areas are giving signals of delayed sowing in the key growing areas of Uttar Pradesh. Moreover, demand from both domestic and export fronts are emerging at existing price levels. Export demand has started to pick up from China. 

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The upside in turmeric futures (Apr) may remain restricted near 6400 levels. 

Thenew crop arriving in the key producing regions of Tamil Nadu and Telangana in addition with expectation of a higher crop may keep the upside capped. The deficiency of cultivation area in Telangana & Tamil Nadu has been covered up by Maharashtra, where the area under turmeric has increased substantially this year and hence they are expecting an increase of 15 per cent in turmeric production in 2018-19. Also, the demand is sluggish mainly due to the higher moisture content in the produce being brought by farmers to the markets. According to the marketparticipants this season there is hardly any demand, whereas normally, it comes in from January 15 and peaks during March. Jeera futures (Mar) is seen taking a Uturn upside towards 15880-16000, forming a base near 15400 levels. Taking advantage of lower level buying the market participants have started taking long positions as this season India has become the sole supplier of jeera to the world. The competitive producers Syria & Turkey are getting washed out of trade & uncompetitive in the export market. The exporters are getting ready to begin their buying spree quality of this year crop is expected to be good. With arrivals of the new crop expected by mid-February and prices already moving higher, the sentiments are turning to be bullish. Coriander futures (Apr) will possibly trade range bound within 6065-6320 levels. The downside may remain capped as the spot markets in in Rajasthan, Gujarat and Madhya Pradesh are sending positive signals since the farmers are not interested in bringing their produce in mandis at existing lower prices. 

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Nifty likely to open higher.

The Nifty50 is likely to open higher on Tuesday following positive trend seen in other Asian markets. The index closed 83 points lower at 10,640 on Monday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 28.5 points or 0.27 percent. Nifty futures were trading around 10,681 -level on the Singaporean Exchange. Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-US trade talks were making positive progress and expectations of policy stimulus from central banks, said a Reuters report. US oil prices hit a three-month high on Tuesday, buoyed by production cuts led by the Organization of the Petroleum Exporting Countries.

Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.80% while the Hang Seng is up 0.37%. The Nikkei 225 is not trading..
US Markets: North and South American markets finished mixed as of the most recent closing prices. The S&P 500 gained 1.09%, while the Bovespa led the IPC lower. They fell 1.04% and 0.02% respectively.
European Markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.30%, while London's FTSE 100 was off 0.24%. Shares in Germany were unchanged with the DAX at 11,299.20.

Major Headlines of the day:

Rupee opens at 71.48 per dollar.

India's Ambuja Cements Ltd on Monday posted a 58.8 percent jump in fourth-quarter profit, exceeding analysts' estimates, as it logged higher cement sales and a tax benefit. Standalone profit, which includes a joint operation accounted on a proportionate basis, came in at 5.37 billion rupees ($75.22 million) for the quarter ended December 31, from 3.38 billion rupees a year earlier, the company said.

Grasim Industries signed a definitive agreement to acquire the Chlor-Alkali Business (CAB) of KPR Industries (India) Ltd (KPR) by way of a slump sale, for a cash consideration of Rs253cr. The transaction will be funded through internal accruals. KPR would in turn utilize Rs253cr towards a full and final settlement of the lenders' dues under a One-Time Settlement. The transaction is subject to regulatory approvals, the company said in the regulatory filing on Monday.

Cipla to acquire 11.71% stake in Wellthy Therapeutics The acquisition will be done for a cash consideration of Rs10.5cr, the company said in a press note.

Earnings Reaction To Watch
LINDEINDIA

Trend in FII flows:- The FIIs were Net Value of Rs -1239.79 segment while the DIIs were Net Value of 2336.74 the provisional figures.

Securities in Ban For Trade Date 19-FEB-2019
1. ADANIENT
2. JISLJALEQS
3. JETAIRWAYS
4. RPOWER
5. PCJEWELLER
6. CGPOWER 
7. RELINFRA
8. IDBI



Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 

For more details call on 9977499927 or visit our website www.capitalstars.com


DAILY NIFTY SMART MOVERS 
SCRIPTS PRICE VOLUME (IN 000�S) PRE. CLOSE CHANGE (%) CHANGE (Rs.)
Bharti Infratel 314.00 119.90 307.00 2.28 7.00
Zee Entertainment 437.65 248.46 429.85 1.81 7.80
Britannia Inds 2907.50 31.65 2860.85 1.63 46.65
ONGC 137.10 464.54 135.10 1.48 2.00
Tata Motors 163.00 1406.31 161.10 1.18 1.90


DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE VOLUME (000�S) PRE. CLOSE CHANGE (%) CHANGE (Rs.)
Tata Power 65.40 401.68 69.25 -5.56 -3.85
Crompt.Greaves Cons. 193.55 33.62 202.00 -4.18 -8.45
Bajaj Hold & Invest 3039.00 1.23 3153.10 -3.62 -114.10
Ambuja Cement 197.85 398.40 204.95 -3.46 -7.10
Cummins India 662.20 34.74 685.00 -3.33 -22.80


BEST CALL OF THE DAY (FINAL TG )

HNI OPTION 

BUY INFRATEL CALL 310 FINAL TGT 


CASH INTRADAY 

BUY INFRATEL IN CASH FINAL TGT 

SELL RADICO IN CASH ALMOST FINAL TGT 


FUTURE INTRADAY 

SELL PIDILITIND FUT FINAL TGT 


HNI CASH 

BUY BRITANNIA IN CASH BOOKED 50% 


OPTOIN STRATEGY 

BUY DHFL CALL 120 ALMOST FINAL TGT 



Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 

For more details call on 9977499927 or visit our website www.capitalstars.com

Sunday, 17 February 2019



BULLION - MCX Gold and Silver may note some gains tracking cues from international exchange. COMEX gold trades higher near $1325/oz after a 0.6% gain in previous session. Gold has edged up amid pause in US dollar�s recent rise. The US dollar index trades weaker near 96.74 levels after a second consecutive decline Friday. The US dollar came under pressure as signs of progress in US-China trade talks reduced safe haven demand. Also weighing on US dollar is mixed economic data, Fed�s dovish stance and US President Trump�s move to declare a national emergency that he hopes to use to direct more funds to his US-Mexico border wall project. However, weighing on gold price is strength in US and global equity markets amid US-China progress and ETF outflows. President Donald Trump signaled progress in trade talks with China after the two countries were said to reach consensus in principle on the main topics. The US and China officials will continue discussions this week in Washington. US President signed a spending bill to avert another government shutdown. Gold holdings with SPDR ETF fell by 3.821 tonnes to 793.03 tonnes, lowest since Dec.31. Gold has seen some recovery after failing to test the key $1300/oz levels however price is now back near key resistance level of $1330/oz.

ENERGY- Crude Oil- MCX Crude may note some gains tracking cues from international exchange. NYMEX crude trades higher above $55 per barrel after a 2.2% gain in previous session. Crude edged up amid supply disruption relating to Saudi Arabia which added to tightness concerns and sharp rise in US equity market despite mixed US economic data and as market players eyed progress in US-China trade talks. As per reports, Saudi Aramco halted oil output last week at Safaniyah, the world's largest offshore oilfield. Saudi Arabia was said to curtail some output to repair a damaged power cable. Asian equity markets trade largely higher today after a sharp 1.7% rally in US market Friday as President Donald Trump signaled progress in trade talks with China after the two countries were said to reach consensus in principle on the main topics. US and China will continue discussions this week in Washington. On US front, another government shutdown was averted as President Trump signed a spending bill however he also declared a national emergency that he hopes to use to direct more funds to his US-Mexico border wall project. Crude has managed to gain despite mixed US and Chinese economic data, record high US crude production and downbeat demand outlook for this year. Crude rallied sharply in previous session as US stock market rally was coupled Saudi�s supply disruption however it may not continue hence one must wait for lower levels to create a fresh long position. US markets are closed today and this may keep trade participation low and price choppy.

Natural Gas- MCX Natural gas may note some decline tracking cues from international exchange. NYMEX natural gas trades weaker near $2.6/mmBtu after a 2% gain in previous session. Weighing on gas price are latest weather forecasts which point above normal temperature in parts of US and this will keep a check on heating demand. Also weighing on price is smaller than average decline in gas stocks last week and higher production. Drop in rig count however shows weakening production interest. The number of rig drilling for natural gas fell by 1 to 194 rigs. Natural gas may remain under pressure amid milder weather and higher production however price has still managed to hold above $2.5/mmBtu levels and this continues to be key support for the near term. Focus will continue to be on US weather however the effect will wane as we near end of winter season.

BASE METAL - Base metals on LME trade mix after ending on a lower note last week. LME Zinc was the worst performer with 1.9% decline followed by modest 1.35% drop in Nickel prices. In other metals Aluminum closed 1.2% lower while Copper and Lead ended 0.35% and 0.1% lower respectively.



Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 

For more details call on 9977499927 or visit our website www.capitalstars.com

Friday, 15 February 2019

Turmeric futures (Apr) is expected to gain further towards 6405 taking positive cues from the spot markets.

Traders at the markets in Erode evinced interest in buying the new turmeric. On Thursday, the arrival of new turmeric increased to 1,500 bags. Regarding the prices, root variety decreased in all the markets due to quality, while good numbers of finger turmeric were sold. Jeera futures (Mar) is expected to rally towards 15920 levels, taking support near 15675. Spot jeera prices continued to rule steady at major markets in Gujarat in limited trade on matching demand and supply. This season, Gujarat has witnessed lower sowing, but due to cool weather persisting for a longer time, the yields are expected to get better. In Rajasthan, the climatic conditions are also proving to be beneficial for the standing crop & hence the production is likely to be higher. Coriander futures (Apr) is expected to face resistance near 6420 levels. Spot coriander prices are trading with a bearish bias at major markets in Gujarat, Madhya Pradesh and Rajasthan due to heavy arrivals from the ample old stocks. While, prices quoted lower at major markets in Gujarat due to increased arrivals & having higher moisture content. On the other hand, there was no report of new crop arrival in Madhya Pradesh.

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Thursday, 14 February 2019

Soybean futures (Mar) may face resistance near 3785 levels & trade with a negative bias. 


India’s soybean output is likely to rise by a staggering 38 per cent this year on a sharp increase in average yield across the country, following favourable climatic condition in major cultivating states including Madhya Pradesh, Maharashtra and Rajasthan. Data captured through the latest assessment of farmers, traders and other stakeholders by the apex industry body the Soybean Processors’ Association (SOPA) showed India’s total soybean output standing at 11.48 million tonnes during the ongoing harvesting season as compared to 8.36 million tonnes in the previous season. Mustard futures (Apr) is expected to consolidate in the range of 3900-3940 levels. Heavy rains and hailstorms that lashed north-western India last week have caused damage to the oilseed. Ref. soy oil futures (Mar) is expected to trade with a negative bias & test 755 levels. The market participants are expecting huge soyoil imports near to 4 lakh tons in month of Feb. Bulk stocks shall continue to add pressure on market sentiments. CPO futures (Feb) may fall further & test 553 levels. Malaysian palm oil futures closed lower on Wednesday for a fourth consecutive session on back of weaker U.S. soyoil, reversing gains. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fell 0.2 percent to 2,250 ringgit ($554) a tonne at the close. In news, The U.S. soybean processing pace slowed slightly in January from the previous month, although the crush was still the largest on record for the first month of the year, according to analysts polled ahead of a monthly National Oilseed Processors Association (NOPA) report. The monthly NOPA report will be released at 11 a.m. CST (1700 GMT) on Friday.

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