+91731-6690000
Showing posts with label ncdex tips. Show all posts
Showing posts with label ncdex tips. Show all posts

Tuesday, 23 April 2019

MCX Update

BULLION - Bullion counter may trade on flat to negative note Gold prices eased on Wednesday, remaining near a four-month low touched in the previous session as the dollar strengthened and Asian shares rose after the Nasdaq and S&P 500 indexes marked record closing highs. The dollar hovered near a 22-month peak against its peers on Wednesday, after strong U.S. housing data further eased concerns of a slowdown in the world biggest economy. Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. After China economy defied expectations that it would slow further in January-March, U.S. growth is expected to be 2.1 percent in the same period, although the range of analysts estimates was wider than usual at 1.0 to 2.9 percent. SPDR Gold Trust, the world largest gold-backed exchange-traded fund, said its holdings fell 0.27 percent to 749.63 tonnes on Tuesday from 751.68 tonnes on Monday.

ENERGY- Crude oil may witness some profit booking at higher levels as oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington push for tighter sanctions against Iran. Crude futures rose to 2019 highs earlier in the week after the United States said on Monday it would end all exemptions for sanctions against Iran, demanding countries halt oil imports from Tehran from May or face punitive action from Washington. The International Energy Agency (IEA), a watchdog for oil consuming countries, said in a statement on Tuesday that markets are adequately suppliedand that global spare production capacity remains at comfortable levels. The biggest source of new oil supply comes from the United States, where crude oil production EIA has already risen by more than 2 million barrels per day (bpd) since early 2018 to a record of more than 12 million bpd early this year, making America the world biggest oil producer ahead of Russia and Saudi Arabia. U.S. natural gas futures dipped on Tuesday to their lowest level in nearly three years as higher production and a drop in demand weighed on prices.

BASE METAL - Base metals prices may trade with sideways to positive bias. Most industrial metals on the London Metal Exchange rose on Wednesday, after a top White House economic adviser said the United States and China were making progress in trade talks. The global world refined copper market showed an 8,000 tonne deficit in January, compared with an 11,000 tonne surplus in December, the International Copper Study Group (ICSG) said in its latest monthly bulletin. Global primary aluminium output rose to 5.414 million tonnes in March from a revised 4.916 million tonnes in February, data from the International Aluminium Institute (IAI) showed on Tuesday.


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

Monday, 22 April 2019


BULLION - Bullion counter may open on positive note as gold prices edged up on Tuesday as Washington moved to choke off Iran's oil revenues, prompting safe haven buying, but gains were capped by a strong dollar and Asian shares hovering near a nine-month peak. The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch. Russia raised its gold holdings by 19.4 tonnes in March, data from the International Monetary Fund showed on Monday. U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market, data showed on Monday.

ENERGY- Crude oil may extend recent gains as oil prices hovered near 2019 peaks in early trading on Tuesday after Washington abruptly moved to end all Iran sanctions waivers by May, pressuring importers to stop buying from Tehran. The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, ending six months of waivers which allowed Iran eight biggest buyers, most of them in Asia, to continue buying limited volumes. Before the reimposition of sanctions last year, Iran was the fourth-largest producer among the Organization of the Petroleum Exporting Countries (OPEC) at almost 3 million barrels per day (bpd), but April exports have shrunk well below 1 million bpd, according to ship tracking and analyst data in Refinitiv. Saudi Arabia is the world biggest exporter of crude oil and OPEC de-facto leader. The group is set to meet in June to discuss its output policy. U.S. natural gas futures settled higher on Monday as warmer-than-normal weather boosted cooling demand, ending six days of declines. 

BASE METAL - Base metals prices may trade with firm bias. Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs. Nickel prices fell on Tuesday, with new data showing a global nickel deficit had narrowed at the end of February, while investors worried that China may ease its stimulus measures. The global nickel market deficit narrowed to 2,000 tonnes in February from a revised deficit of 3,700 tonnes in January, and was much smaller than a 7,200-tonne deficit in the same month last year, the International Nickel Study Group said on Monday. Sentiment was also weighed down by worries that China will ease up on simulative policies after some signs of stabilization in its economy, pulling Chinese stocks down in their worst session in nearly four weeks on Monday. 


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, 21 April 2019


MCX Updates

BULLION - Bullion counter may open on positive note as gold prices steadied on Monday after falling to a near four-month low in the previous session, with the dollar gaining in the wake of indications that U.S. economic growth picked up in the first quarter. The dollar drifted higher against the euro and British pound on Monday, supported by the relative strength of the U.S. economy, though moves remained small as many investors were still away for the long Easter weekend. U.S. retail sales increased by the most in 1- 1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start, data showed on Thursday. Hedge funds and money managers switched to a net short position in COMEX gold in the week to April 16, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Gold premiums in top consumer China jumped to their highest in more than two years, as a drop in global prices and strengthening yuan encouraged purchases amid optimism about the state of the economy.

ENERGY- Crude oil may trade in green as oil prices oil prices rallied by more than 2 percent on Monday to levels not seen since November 2018 as Washington is set to announce all imports of Iranian oil must end or be subject to sanctions. News that the United States is preparing to announce on Monday that all buyers of Iranian oil will have to end their imports shortly, or be subject to U.S. sanctions, was first reported on Sunday by Washington Post foreign policy and national security columnist Josh Rogin. The U.S. reimposed sanctions in November on exports of Iranian oil after President Donald Trump unilaterally pulled out of a 2015 nuclear accord between Iran and six world powers. Washington, however, granted Iran eight main buyers of oil, mostly in Asia, waivers to the sanctions which allowed them limited purchases for half-a-year. Iran biggest oil customers are China and India, who have both been lobbying for extensions to sanction waivers. 

BASE METAL - Base metals prices may trade with firm bias. China refined copper output came in at 705,000 tonnes in March, according to data published by the National Bureau of Statistics on Friday. The bureau said the number was up 10.2 percent year-on-year but it is the lowest monthly total in records on the bureau website since June 2016. The most active aluminium contract on the Shanghai Futures Exchange (ShFE) hit its highest since November 2018 on Monday, following a drop in inventories last week. Shanghai aluminium jumped to as high as 14,175 yuan ($2,114.44) a tonne, after data on Friday showed that aluminium stocks in warehouses tracked by ShFE dropped to 665,067 tonnes, their lowest weekly level since November 2017.



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, 12 April 2019


PC Jeweller stock soars post block deal
Shares of PC Jeweller soared 16% in the last hour of the trading session. Around 50 lakh shares or 1.3% equity shares worth Rs54cr trade in four blocks on NSE at Rs103-109.70/sh, as per media reports.
PC Jeweller Ltd is currently trading at Rs111.50, up by Rs15.75 or 16.45% from its previous close of Rs95.75 on the BSE. The scrip opened at Rs96.15 and has touched a high and low of Rs114.80 and Rs95.65 respectively.

Lupin gains 2% on launch of Testosterone Gel
Shares of Lupin were trading 2% higher on Friday after the company launched Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), having received approval from the United States Food and Drug Administration (FDA).
"Lupin's Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), is the generic equivalent of AbbVie Inc's AndroGel, 1.62%," the company said in a press note to the exchanges on Friday.
It is indicated for replacement therapy in males for conditions associated with a deficiency or absence of endogenous testosterone- Primary hypogonadism (congenital or acquired) and Hypogonadotropic hypogonadism (congenital or acquired).

Maruti Suzuki says ALTO K10 prices to increase across variants
Maruti Suzuki said in the press note on Thursday that it has hiked the price of its Alto K10 model across India following its upgrade with safety features in compliance with the "AIS-145 Safety Norms".
The price revision will be effective from April 11, 2019.
"Alto K10 is now compliant with AIS-145 Safety Norms. This will result in a price increase in all variants of Alto K10 models. Depending on features introduced across variants, the ex-showroom price in Delhi and NCR region will vary from Rs3,65,843 to Rs4,44,777."

Sun Pharma executive, wife settle insider trading case with Sebi
Sun Pharma group senior executive, Abhay Arvind Gandhi, and his wife Kiran have settled with Securities and Exchange Board of India (SEBI) a case related to insider trading in shares of Ranbaxy Laboratories in 2014, a PTI report said.
As per the report, both have paid a total of ~Rs70 lakh as settlement charges. Gandhi and Kiran traded in 454 shares and 6,770 shares, respectively, during the Unpublished Price Sensitive Information (UPSI) period.

SpiceJet to induct 16 Boeing 737-800 aircrafts
Shares of SpiceJet jumped in the morning trade on the BSE as the aviation company will induct 16 Boeing 737-800 NG aircrafts on dry lease and has applied to the Directorate General of Civil Aviation (DGCA) for a No Objection Certificate (NOC) to import the aircraft.
The new inductions will not just bring down flight cancellations to nil but also help in SpiceJet aggressive international and domestic expansion plans.
Subject to regulatory approvals, the aircraft would begin joining SpiceJet fleet in the next ten days.

Lemon Tree gains after brokerage upgrade
Shares of Lemon Tree Hotels were trading higher on Friday trade after global firm CLSA maintained a buy rating on the stock.
According to the media reports, the global brokerage firm CLSA has maintained a buy rating on the stock in a recent report, saying Key acquisition, new management contract opportunities to help gain scale.
The brokerage firm has given a price target of Rs89 per share. It said the company is gaining scale with the recently announced intention to acquire Keys hotels, which will add 26% to owned room count and 55% to managed room count, the report added.


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

Tuesday, 26 March 2019


BULLION - Bullion counter may trade with volatile path. Gold inched up on Wednesday, after falling the most in nearly two weeks in the previous session, as share markets retreated on worries about a possible U.S. recession and weak data added to concerns about the economy. Asian shares slipped on Wednesday, giving up their small gains made in the previous day, as investors tried to come to terms with a sharp shift in U.S. bond markets and the implications for the world's top economy. U.S. homebuilding fell more than expected in February as construction of single-family homes dropped to near a two-year low, while consumer confidence ebbed in March, offering more evidence of a sharp slowdown in economic activity early in the year. President Donald Trump's expected nominee for the Federal Reserve Board of Governors, Stephen Moore, said the U.S. central bank should immediately cut interest rates by half a percentage point, according to an interview with the New York Times on Tuesday. China's net gold imports in February via main conduit Hong Kong fell 13.6 percent from the previous month, as economic woes dented appetite in the world's top bullion consumer.


ENERGY- Crude oil may trade on mixed note as oil prices edged lower on Wednesday after an industry report showed an unexpected rise in U.S. crude inventories, but losses were capped by ongoing supply curbs and issues affecting output from countries including Venezuela. The American Petroleum Institute, a trade organization, said late on Tuesday that U.S. crude inventories rose 1.9 million barrels in the latest week, while analysts had forecast a decrease of 1.2 million barrels. Oil rose on Tuesday as Venezuela's main oil export port of Jose and its four crude upgrades were unable to resume operations following a massive power blackout on Monday, the second in a month. Oil prices have risen more than 25 percent this year, supported by supply curbs by the Organization of the Petroleum Exporting Countries and other major producers, along with U.S. sanctions on exports from Venezuela and Iran. But worries about demand have limited oil's rally as manufacturing data from Asia, Europe and the United States pointed to an economic slowdown. U.S. natural gas futures settled slightly lower on Tuesday on higher output and easing demand, even as volatility abated going into a seasonal transition.



BASE METAL - Base metals prices may trade sideways to positive path. Most base metals moved higher in early Asian trade on Wednesday, with Shanghai zinc touching a more than one-year high, as investors focused on tight inventory levels and the resumption of U.S.-China trade talks in Beijing this week. Polish miner KGHM and union representing workers at its Sierra Gorda copper mine in Chile have agreed to extend contract talks, temporarily warding off the threat of a strike, the union president said. Zinc inventories in LME warehouses fell by another 650 tonnes on Tuesday to 56,425 tonnes, the lowest since February 1991. Nickel, used to make stainless steel, added 1.9 percent in Shanghai to 101,40 yuan a tonne, while Shanghai copper nudged up 0.5 percent to 48,490 yuan a tonne. 





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 March 2019



BULLION - Bullion counter may trade with sideways to weak bias as gold prices slipped on Monday as equity markets gained and the dollar steadied ahead of a U.S. Federal Reserve policy meeting later this week. There is much talk Fed policymakers will lower their interest rate forecasts, or �dot plots�, to show little or no further tightening this year. Gold can slip lower towards 31600. Silver can take support near 37700 and resistance near 38300. Uncertainty on the outlook for the world economy and global trade as well as a sharp U.S. growth slowdown expected by a range of forecasters mean that markets are on a hair trigger for signals from the Fed. Physical gold demand improved this week in India as a correction in local prices attracted buyers, particularly with the wedding season underway, while premiums in China rose on steady buying in the world�s leading consumer.


ENERGY- Crude oil may open on sideways path as it may trade in range of 4000-4060 in MCX. Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela. OPEC�s de-facto leader Saudi Arabia said on Sunday that balancing oil markets was far from done as inventories were still high. The International Energy Agency (IEA) said on Friday it expected oil markets to be in a modest deficit from the second quarter of 2019. The number of rigs drilling for new oil production in the United States has been falling in 2019, and hit its lowest level since April 2018 last week, at 833 operating rigs. However, U.S. crude oil production EIA still increased at the start of 2019, hitting a record 12.1 million barrels per day (bpd) in February, data from the Energy Information Administration (EIA) showed. The previous low for the trade gap was $9.4 billion in September 2017.



BASE METAL - Base metals prices may trade with sideways to weak bias. Most industrial metals fell in early Asian trade on Monday after weak U.S. manufacturing data offered further evidence of a slowdown in economic growth early in the first quarter, while investors waited for clues as to when the Sino-U.S. trade war will end. Copper may slip lower towards 442 while facing resistance near 453 in MCX. Vedanta Ltd on Friday named metals industry veteran Pankaj Kumar as Sterlite Copper chief executive, amid struggles to reopen its smelter in southern India that was shut after police killed 13 demonstrators protesting against the plant. China's refined copper output in January and February rose by 6.3 percent year-on-year to 1.34 million tonnes, the National Bureau of Statistics said on Friday. On a daily basis, output was around 22,712 tonnes, down 16.1 percent from December. Russian tycoon Oleg Deripaska sued the United States on Friday, alleging that it had overstepped its legal bounds in imposing sanctions on him and made him the "latest victim" in the U.S. probe into Moscow's alleged election interference. 







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

Monday, 18 February 2019


 
BULLION - MCX Gold and Silver may witness choppy trade in line with international market but buying could be considered at lower levels. COMEX gold trades near $1328/oz after testing the highest level since April 2018. Gold has benefitted from correction in US dollar index from recent highs as market players await more clarity on US-China trade and Fed monetary policy stance. US-China trade talks will continue in Washington this week and while talks are progressing well there has been no concrete announcement yet. Also market players are assessing the possibility of US extending the March 1 deadline and potential of a meeting between US and Chinese President. Meanwhile trade worries rose as US investigators submitted report on the effect of imports of automobiles and automobile parts on the national security of the US increasing possibility of auto tariffs. European Union vowed prompt retaliation if the US imposes tariffs on imported vehicles. FOMC minutes due this week will reflect central bank stance on rate hikes as well as balance sheet reduction plan. Amid other factors, ETF outflows show weaker investor interest however this may change if price holds near $1330/oz levels. Gold may witness choppy trade awaiting fresh cues however overall bias is still positive given increasing global uncertainty and dovish tilt of major central banks.

ENERGY- Crude Oil- MCX Crude may witness choppy trade in line with international market but overall bias is still positive. NYMEX crude trades near $55.75/bbl after hitting a November 2018 high of $56.06/bbl earlier this week. Brent crude trades weaker near $66/bbl after yesterday modest gain. Crude rallied sharply last week as rally in US equity market was coupled with Saudi�s pledge to deepen production cuts and supply disruption at Saudi�s Safaniyah oilfield, world's largest offshore oilfield. The rally came to a halt as market players assess US-China trade talks as well as longevity of supply outage in Saudi Arabia. Talks between US and China are progressing however there has been no concrete announcement yet while there is a possibility that US may extend the March 1 deadline. Tensions between US and European Union rose after EU vowed prompt retaliation if the US imposes tariffs on imported vehicles. On supply side, there is not much clarity on how long the supply disruption in Saudi will continue. OPEC has achieved 70% compliance with production cut deal that will run from January to June and Saudi has indicated that it is willing to deepen cuts. In further signs of falling supply from Saudi, reports noted that Saudi exports fell 6.7% to 7.687 million barrels per day in December. Crude�s rally is also challenged by rising US crude stocks, record high US crude production and Russia�s hesitance in extending cooperation with OPEC. Crude has rallied sharply in last few days and lack of fresh factors could result in some profit taking but overall bias is still positive given progress in US-China trade talks and OPEC�s production cuts.

Natural Gas- MCX Natural gas may note mixed trade in line with international market but sell on rise is suggested.
NYMEX natural gas trades mixed near $2.63/mmBtu holding on to last week�s minor gain. Natural gas has seen some buying interest after recent drop to 1-year low. US weather forecasts are mixed as cold snap is forecasted in western and Midwest US while warmer weather is seen in East Coast. On supply front, production remains high while smaller than average decline in gas stocks has eased tightness concerns. Drop in rig count however questions the sustainability of production growth. Natural gas may witness choppy trade unless there is clarity on weather front but overall bias remains weak as winter is nearing an end and US supply is not as tight.

BASE METAL - Base metals on LME trade sideways to lower today following mixed movement yesterday. LME Lead was the worst performer with 2.3% drop followed by 0.6% slide in Zinc prices and modest 0.2% decline in Aluminium prices. In other metals however Copper prices ended with 1.4% gains while Nickel ended 0.4% higher.



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