MCX DAILY LEVELS

DAILY

EXPIRY DATE R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

30 OCT 2015 102. 101.65

60

100.70

100.20

99.75

99.25

98.80

97.85

96.90

COPPER

30 NOV 2015 363. 358.20

90

352.50

349.55

346.80

343.80

341.10

335.40

329.70

CRUDE OIL

19 NOV 2015 3338 3257

3176

3141

3095

3060

3014

2933

2852

27308

27229

27146

27067

26984

26822

26660

118

117.40

116.75

116.20

115.55

114.35

113.15

170 166.10

162.20

160

158.30

156.10

154.40

150.50

146.60

GOLD
LEAD

04 DEC 2015

2763 27470
2

30 OCT 2015 120. 119.15

35

NATURAL GAS 27 OCT 2015

NICKEL

30 OCT 2015

712 703.40

694.80

689.70

686.20

681.10

677.60

669

660.40

SILVER

04 DEC 2015 3855 38152

2

37752

37569

37352

37169

36952

36552

36152

30 OCT 2015

119.80

118.10

117.10

116.40

115.40

114.70

113

111.30

R3

R2

R1

PP

S1

S2

S3

S4

ZINC

121.

MCX WEEKLY LEVELS

WEEKLY

EXPIRY

R4

ALUMINIUM

30 OCT 2015 114.95 110.40

105.85

103.05

101.30

98.50

96.75

92.20

87.65

COPPER

30 NOV 2015 369.50 362.60

355.70

352.70

348.80 345.80

341.90

335

328.10

3759

3449

3278

3139

2968

2829

2519

2209

GOLD

04 DEC 2015 29296 28559

27822

27539

27085

26802

26348

25611

24874

LEAD

30 OCT 2015 126.60 123.20

119.80

118

116.40 114.60

113

109.60

106.20

170

165

162.20 157.20

154.40 146.60

138.80

CRUDE OIL

19 NOV 2015 4069

NATURAL GAS 27 OCT 2015 185.60 177.80

NICKEL

30 OCT 2015 748.90 727.90

706.90

695.50

685.90 674.50

664.90 643.90

622.90

SILVER

04 DEC 2015 40337 39317

38297

37905

37277

36257

35237

34217

30 OCT 2015

123.15

120.20

118.30 115.35

113.45 108.60

103.75

ZINC

132.
85

128

36885

WEEKLY MCX CALL

BUY CRUDEOIL NOV ABOVE 3141 TGT 3246 SL 3044
BUY ZINC OCT ABOVE 117.60 TGT 119.50 SL 115.40

PREVIOUS WEEK CALL

SELL COPPER NOV BELOW 344 TGT 334 SL 353 (NOT EXECUTED)

FOREX DAILY LEVELS

DAILY

EXPIRY DATE R4

R3

R2

R1

PP

S1

S2

S3

S4

USDINR

28 OCT 2015 65.6 64.45

5

65.20

65.10

65

64.85

64.75

64.55

64.35

GBPINR

28 OCT 2015 75.3

0

74.85

74.30

74.05

73.85

73.55

73.35

72.85

72.40

EURINR

28 OCT 2015 100. 100.55

70

100.35

100.25

100.15

100.10

99.95

99.80

99.60

55

54.80

54.65

54.55

54.45

54.30

54.10

53.90

R3

R2

R1

PP

S1

S2

S3

S4

65.60

65.25

65.05

64.70

64.50

63.95

63.40

75

74.40

74

73.40

73

72

71.10

JPYINR

28 OCT 2015 55.2

2015
5

FOREX WEEKLY LEVELS

DAILY

EXPIRY DATE R4

USDINR

28 OCT 2015 66.7 66.15

0

GBPINR

28 OCT 2015 76.9

5

EURINR

28 OCT 2015 104. 102.85

20

101.50

100.90

100.15

99.55

98.80

97.45

96.10

JPYINR

28 OCT 2015 57.5 56.55

2015
5

55.50

55

54.50

54

53.45

52.40

51.40

76

WEEKLY FOREX CALL

BUY USDINR OCT ABOVE 65.13 TGT 65.65 SL 64.78
SELL EURINR OCT BELOW 73.20 TGT 72.70 SL 73.60

PREVIOUS WEEK CALL

BUY GBPINR OCT ABOVE 100 TGT 101 SL 99 (MADE HIGH OF 100.74)

 NCDEX DAILY LEVELS

DAILY

EXPIRY
DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20 NOV 2015

672

658

644

635

630

621

616

602

588

SYBEANIDR

20 NOV 2015

4485

4341

4197

4105

4053

3961

3903

3765

3621

RMSEED

20 NOV 2015

5371

5259

5147

5077

5035

4965

4923

4811

4699

20 NOV 2015 17746 17316

16886

16603

16456 16173 16026 15596

15166

CHANA

20 NOV 2015

5633

5529

5425

5361

5321

5257

5217

5113

5009

CASTORSEED

20 NOV 2015

4282

4226

4170

4138

4114

4082

4058

4001

3946

JEERAUNJHA

NCDEX WEEKLY LEVELS

WEEKLY

EXPIRY
DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20 NOV 2015

704

679

654

640

629

615

604

579

554

SYBEANIDR

20 NOV 2015

4950

4622

4294

4139

3966

3811

3638

3310

2982

RMSEED

20 NOV 2015

5808

5532

5256

5131

4980

4855

4704

4428

4152

20 NOV 2015 19196 18291

17386

16853

16481 15948 15576 14671

13766

CHANA

20 NOV 2015

6206

5888

5570

5434

5252

5116

4934

4616

4298

CASTORSEED

20 NOV 2015

4449

4343

4237

4172

4131

4066

4025

3919

3813

JEERAUNJHA

WEEKLY NCDEX CALL

SELL DHANIYA NOV BELOW 11900 TGT 11710 SL 12131
BUY REFSOYA NOV ABOVE 630 TGT 641 SL 619

PREVIOUS WEEK CALL

BUY CHANA NOV ABOVE 5200 TGT 5330 SL 5068 (TGT ACHEIVED)

MCX - WEEKLY NEWS LETTERS

INTERNATIONAL NEWS
PRECIOUS METAL
Gold
Gold prices fell 0.43 per cent to Rs 27,360 per 10 grams in futures trade, amid a weak trend
overseas and profit-booking by speculators At the Multi Commodity Exchange, gold for
delivery in far-month February next year eased Rs 117, or 0.43 per cent, to Rs 27,360 per 10
grams, in a business turnover of 17 lots.December gold shed Rs 109, or 0.40 per cent, to Rs
27,148 per 10 grams in 392 lots. Analysts said besides profit-booking by speculators, a weak
trend in overseas markets, weighed on gold futures. Globally, gold traded 0.45 per cent lower at
$1,178.10 an ounce in Singapore today.

Silver
Silver prices rose marginally to Rs 37,596 per kg in futures trading as speculators widened
positions amid a firming trend in precious metals overseas. At the Multi Commodity
Exchange, silver for delivery in December was trading higher by Rs 21, or 0.06%, at Rs 37,596
per kg in business turnover of 2,054 lots.Likewise, the white metal for delivery in March
gained Rs 19, or 0.05%, to Rs 38,295 per kg in 31 lots. Market analysts said positions enlarged
by speculators in tandem with a firming trend in the precious metals overseas on speculation
that the US Federal Reserve will delay hike in interest rates and weakening dollar, influenced
silver prices at futures trade. Meanwhile, silver was up 0.22% at $16.16 an ounce in Singapore.

Crude oil
Crude oil prices rose sharply by Rs 62 to Rs 3,279 per barrel in futures trade as speculators
widened their bets after it extended recent rally in Asia. At Multi Commodity Exchange, crude
oil for delivery in October contracts was trading higher by Rs 62, or 1.71%, at Rs 3,279 per
barrel, with a business turnover of 8,967 lots.The oil for November delivery also moved up Rs
55, or 1.68%, to Rs 3,329 per barrel, with a business volume of 910 lots.Marketmen attributed
the rise in crude oil futures to a firming trend in Asian trade on hopes that increasing demand
and a decline in US crude production would ease a supply glut that has depressed the market
for more than a year. Meanwhile, West Texas Intermediate crude prices for November delivery
climbed 0.49% to $49.67 a barrel, while Brent for November also advanced 0.45% to $53.29 a
barrel in late-morning trade on the New York Mercantile Exchange.

Copper
Copper futures were up 1.50% at Rs 344.95 per kg as speculators enlarged bets, largely in step
with a firming trend in base metals at the London Metal Exchange (LME). At Multi
Commodity Exchange, copper for delivery in November rose Rs 5.10, or 1.50%, at Rs 344.95

per kg, in a turnover of 4,681 lots. Metal for delivery in far-month February next year also rose
Rs 4.80 to trade at Rs 350.60 per kg, with trade volume of 86 lots. Analysts said gains in
copper and other metals overseas after Glencore has cut production this year and rising demand
at the domestic spot markets influenced metal prices at futures trade here.

Nickel
Nickel prices were up by Rs 2 to Rs 686.20 per kg in futures market as speculators enlarged
positions amid a firming trend overseas and spot demand. At the Multi Commodity Exchange,
nickel for delivery in October gained Rs 2, or 0.29 per cent, to Rs 686.20 per kg, in a business
turnover of 447 lots.The November contract gained Rs 1.80, or 0.26 per cent, to Rs 692.70 per
kg in seven lots. Analysts said apart from increased domestic demand from alloy-makers, rise
in select base metal prices in global markets, influenced nickel prices in futures trade.

Lead
Lead futures strengthened by 0.26 per cent to Rs 116.45 per kg as speculators enlarged
positions on rising demand in the domestic spot market and a firming trend overseas. At Multi
Commodity Exchange, lead for delivery in October was trading higher by 30 paise, or 0.26 per
cent, at Rs 116.45 per kg, with a turnover of 271 lots.The metal for delivery in November rose
by 10 paise, or 0.09 per cent, to Rs 117.35 per kg, in a business volume of three lots.
Marketmen said apart from pick-up in domestic demand, particularly from battery-makers,
gains in base metals at the London Metal Exchange after bullish comments from miners and
speculation that central banks in China and the US will continue easier monetary policies to
counter weaker economic data, supported the upside in lead futures here.

Aluminium
Aluminium prices were up by 0.15% to Rs 101.60 per kg in futures trade as speculators
enlarged positions even as metal weakened overseas. At the Multi Commodity Exchange,
aluminium for delivery in October rose 15 paise, or 0.15%, to Rs 101.60 per kg, in a business
turnover of 406 lots.The metal for delivery in November traded higher by 10 paise, or 0.10%,
to Rs 103.15 per kg in eight lots. Analysts said the rise in aluminium prices at futures trade was
mostly attributed to a firming trend at the spot markets on the back of rising industrial demand
but metals weakness overseas, limited the gain.

Zinc
Zinc futures climbed 3.78% to Rs 112.60 per kg after speculators built up bets on the back of a
firming trend overseas amid rising demand in the domestic spot market. In futures trading at the
Multi Commodity Exchange, zinc for delivery in October surged Rs 4.10, or 3.78%, to Rs
112.60 per kg, in a business turnover of 4,848 lots. Also, metal for delivery in November

contracts gained Rs 3.95, or 3.60%, at Rs 113.60 per kg, with a business volume of 165 lots.
According to marketmen, a firming trend in metal at the London Metal Exchange (LME) after
Glencore Plc announced a plan to cut output by about a third, adding to signs that some
commodity producers are willing to scale back supplies to combat slumping prices and
boosting the prospects for a global deficit. Furthermore, uptick in demand at domestic spot
markets from consuming industries too supported the upside in metal prices, they said. The
metal used to galvanize steel jumped as much as 4.8 percent to $1,747 per tonne at the LME,
the highest since September 18.

NCDEX - WEEKLY NEWS LETTERS

Soyabean
A ban on futures trade in soybean, a demand from the processing trade, is not being considered
or favoured by the Securities and Exchange Board of India (Sebi).Soybean prices in both the
spot and futures markets jumped 20 per cent in the past month, on reports of crop damage in
the major producing states of Rajasthan and Maharashtra. Soybean for delivery in November is
trading at Rs 3,797 a quintal from Rs 3,162 a qtl a month before on the benchmark National
Commodity & Derivatives Exchange (NCDEX). A similar jump was seen in the spot market.
The sudden spurt has irked soybean processors, having to pay more for the raw input when
prices of soybean oil and meal have been under pressure for several years, due to lower prices
of competing products.Soybean's contribution in NCDEX's turnover rose to 11 per cent in
September from eight per cent in the previous two months.Another industry body for oilseeds
and oils, The Solvent Extractors Association, has urged Sebi to levy adequate margins and do
what is needed to cool down prices. It feels there is 'artificial activity' in the futures market,
which would harm farmers and meal exporters in the long run.Sopa's forecast for output this
year is 8.4 million tonnes, as compared to its revised estimate of nine mt for last year.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan has set the alarm bells ringing for the
soyabean crushing industry by floating the idea of phasing out its cultivation because it cannot
withstand bad weather or pests.The state, according to Chouhan, has lost the crop on 1.8
million hectares of a total 5.8 million hectare. Chalking out a long-term plan for other crops.
The crop cycle needs to be changed as weather conditions are persistent for the last four
seasons.
Madhya Pradesh is known as the soya bowl of India and contributes 53-55 per cent of the
country's production. From three million tonnes in the 1980s production has climbed to 5.5
million tonnes now.Soyabean is a sturdy crop and farmers have no immediate alternative. If
they switch all of a sudden it will cause shortages in the domestic market.If Madhya Pradesh
curtails production it will be an immediate loss to the local industry and business may move to
other states like Karnataka,The Madhya Pradesh government is, however, more interested in
paddy, moong, urad and even agro-forestry than soyabean.Farmers still use age-old varieties of
soyabean like JS 335, JS 9560 or JS 9305. High-yield varieties like RVS 2001-4, JS 2029, 2034

and 2069, which can withstand pests and which have a shorter duration, will come to the field
in three years. Till then farmers can try other crops, horticulture or even agro-forestry.

Soya processors have to grapple with market speculation on crop condition and over the last
five years prices of their raw-material have been hovering at Rs 2,700-3,800 per quintal. Also
de-oiled cake exports have declined drastically.The state's crushing capacity is 12.5 million
tonnes against soyabean production that has never exceeded 6.1 million tonnes.During the past
five years the soyabean acreage in Madhya Pradesh has been 5.5-6.1 million hectares. The state
has declared 114 tehsil (sub-districts) drought-hit this kharif season and a contingency fund of
Rs 1,000 crore has been earmarked as interim relief for farmers.

Refined soya oil

Refined soya oil prices were up by 0.26 per cent to Rs 628.25 per 10 kg in futures trade on
Tuesday as speculators enlarged their bets after pick up in demand in the spot market.At the
National Commodity and Derivatives Exchange, refined soya oil for delivery in October edged
up Rs 1.60, or 0.26 per cent to Rs 628.25 per 10 kg with an open interest of 14,350 lots.The
November contract traded higher by 85 paise, or 0.14 per cent to Rs 623.90 per 10 kg in 70,895
lots.The rise in refined soya oil futures to pick up demand in the spot market amid restricted
supplies from producing regions.

Mustard seed
Mustard seed prices closed higher by 1.32 per cent on Wednesday at the National Commodity
& Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the
commodity in the major markets. At the NCDEX, mustard seed futures for October 2015
contract closed at Rs. 4,979 per quintal, up by 1.32 per cent, after opening at Rs. 4,940 against
the previous closing price of Rs. 4,914. It touched the intra-day high of Rs. 5,004. India
produces 5.5 million MT to7 million MT annually and about 0.15 million MT is retained for
sowing and direct consumption as seed which leaves about 4.8-5.1 million MT for crushing and
extracting oil.

Jeera
Amid fall in demand in the spot market and surge in supplies from producing regions, jeera
prices were down by 0.88% to Rs 16,275 per quintal in futures trade on thursday as speculators
reduced their exposure.At the National Commodity and Derivatives Exchange, jeera for
delivery in October fell Rs 145, or 0.88%, to Rs 16,275 per quintal, with an open interest of 75
lots.Likewise, the spice for delivery in September shed Rs 15, or 0.09%, to Rs 16,630 per
quintal in 16,563 lots.Offloading of positions by participants owing to slackened demand in the
spot market against sufficient stocks position on higher supplies from producing belts, mainly
led to decline in jeera prices at futures trade.

 Chana
Chana futures traded 0.75% lower at Rs 5,156 per quintal on thursday on profit-booking by
speculators at prevailing levels amid easing demand in the spot market.In futures trading at the
National Commodity and Derivatives Exchange, chana for delivery in October fell Rs 39, or
0.75%, to Rs 5,156 per quintal, with an open interest of 190 lots.Likewise, the commodity for
delivery in November moved down by Rs 28, or 0.53%, to Rs 5,223 per quintal in 65,160
lots.Besides profit-booking by speculators, fall in demand in the spot market at existing higher
levels, mainly led to decline in chana prices at futures trade.

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