MCX DAILY LEVELS

DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

30 JUN 2016

107.45

106.45

105.50

105

104.60

104.05

103.60

102.70

101.70

COPPER

30 JUN 2016

324

320.90

317.90

316.10

314.80

313.05

311.80

308.70

305.70

CRUDE OIL

20 JUN 2016

3442

3395

3348

3329

3301

3282

3254

3207

3160

GOLD

05 AUG 2016

29793

29497

29201

29021

28905

28725

28609

28313

28017

LEAD

30 JUN 2016

117.70

116.50

115.30

114.80

114.10

113.60

112.90

111.70

110.50

NATURAL GAS

27 JUN 2016

163.10

157.20

151.30

149.20

145.40

143.30

139.50

133.60

127.70

NICKEL

30 JUN 2016

590.70

584

577.30

573.10

570.60

566.40

569.90

557.20

550.50

SILVER

05 JUL 2016

39621

39272

39069

38932

38720

38574

38225

37876

ZINC

30 JUN 2016

130.30

128.80

128.20

127.30

126.70

125.80

124.30

122.80

39970

131.80

MCX WEEKLY LEVELS

WEEKLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

30 JUN 2016

112

109.65

107.30

105.90

104.95

103.50

102.60

100.25

97.90

COPPER

30 JUN 2016

343.90

333.50

323.10

318.70

312.70

308.30

302.30

291.90

281.50

CRUDE OIL

20 JUN 2016

3778

3619

3460

3385

3301

3226

3142

2983

2824

GOLD

05 AUG 2016

32760

21574

30388

29614

29202

28428

28016

26830

25644

LEAD

30 JUN 2016

124.90

121

117.10

115.70

113.20

111.80

109.30

105.40

101.50

NATURAL GAS

27 JUN 2016

185.10

172.60

160.10

153.60

147.60

141.10

135.10

122.60

110.10

NICKEL

30 JUN 2016

.
617.60

602.10

586.60

577.70

571.10

562.20

555.60

540.10

SILVER

05 JUL 2016

42287

41243

40199

39532

39155

38488

38111

37067

36023

ZINC

30 JUN 2016

140.90

136

131.10

129.40

126.20

124.50

121.30

116.40

111.50

524.60

Monday, 30 May 2016

WEEKLY MCX CALL

SELL CRUDEOIL JUN BELOW 3240 TGT 3180 SL 3311
SELL ZINC JUN BELOW 125.95 TGT 123.90 SL 128.05

PREVIOUS WEEK CALL

SELL ZINC MAY BELOW 123.95 TGT 120.90 SL 126.15 - SL
BUY GOLD AUG ABOVE 30130 TGT 30430 SL 29897 - NOT EXECUTED.

FOREX DAILY LEVELS

DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

USDINR

28 JUN 2016

68

67.75

67.60

67.45

67.40

67.25

67.20

67

66.80

EURINR

28 JUN 2016

76.40

76.10

75.75

75.55

75.45

75.25

75.10

74.80

74.50

GBPINR

28 JUN 2016

100.2
5

99.75

99.20

99

98.70

98.45

98.15

97.65

97.15

JPYINR

28 JUN 2016

62.60

62.20

61.75

61.60

61.35

61.20

60.95

60.50

60.10

FOREX WEEKLY LEVELS

DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

USDINR

28 JUN 2016

70.3
0

69.40

68.50

67.95

67.60

67.05

66.70

65.80

64.95

EURINR

28 JUN 2016

79.4
0

78.15

76.95

76.15

75.75

74.95

74.50

73.30

72.10

GBPINR

28 JUN 2016

104.
60

102.75

100.85

99.80

98.95

97.90

97.05

95.15

93.25

JPYINR

28 JUN 2016

65.9
0

64.50

63.10

62.25

61.70

60.85

60.30

58.90

57.50

WEEKLY FOREX CALL

BUY JPYINR JUN ABOVE 61.30 TGT 61.70 SL 60.88

SELL GBPINR JUN BELOW 98.24 TGT 97.70 SL 98.75
PREVIOUS WEEK CALL
BUY GBPINR MAY ABOVE 98.30 TGT 99.30 SL 97.30 - MADE HIGH OF 99.20
SELL JPYINR MAY BELOW 61.16 TGT 60.70 SL 61.70 - MADE LOW OF 60.99

NCDEX DAILY LEVELS

DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20 JUN 2016

676

666

656

652

646

642

636

626

616

SYBEANIDR

20 JUN 2016

4124

4058

3992

3966

3926

3900

3860

3794

3728

RMSEED

20 JUN 2016

4695

4599

4503

4463

4407

4367

4311

4215

4119

JEERAUNJHA

20 JUN 2016

17035

16740

16445

16325

16150

16035

15855

15560

15265

CHANA

20 JUN 2016

6369

6279

6189

6142

6099

6052

6009

5919

5829

NCDEX WEEKLY LEVELS

WEEKLY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20 JUN 2016

700

681

662

655

643

636

624

605

586

SYBEANIDR

20 JUN 2016

4420

4261

4102

4021

3943

3862

3784

3625

3466

RMSEED

20 JUN 2016

4743

4629

4515

4469

4401

4355

4287

4173

4059

JEERAUNJHA

20 JUN 2016

18550

17780

17010

16610

16240

15840

15470

14700

13930

CHANA

20 JUN 2016

6995

6670

6345

6220

6020

5895

5695

5370

5045

WEEKLY NCDEX CALL

BUY DHANIYA JUN ABOVE 6917 TGT 7122 SL 6713
PREIOUS WEEEK CALL
SELL JEERA JUN BELOW 16200 TGT 15800 SL 16600 - MADE LOW OF 15870
SELL GUARSEED JUN BELOW 3070 TGT 3000 SL 3151 - TGT ACHEIVED.

MCX - WEEKLY NEWS LETTERS

GLOBAL UPDATE

Greece has agreed a deal to unlock a further 10.3bn euros ($11.5bn; 7.8bn) in loans from its
international creditors, after talks in Brussels. Eurozone finance ministers also agreed on debt relief
for Greece, extending the repayment period and capping interest rates. Greece needed this tranche of
cash to meet debt repayments due in July. The Greek government owes its creditors more than
300bn - about 180% of its annual economic output (GDP).
Federal Reserve Chair Janet Yellen said Friday an interest rate hike is "probably" appropriate in the
coming months if economic data improve. "It's appropriate, and I've said this in the past, I think for
the Fed to gradually and cautiously increase our overnight interest rate over time and probably in the
coming months, such a move would be appropriate," she said in response to a question at Harvard's
Radcliffe Institute for Advanced Study. Her remarks comes as colleagues on the Fed's policy making
committee have pointed to an increase in the federal funds rate target sooner rather than later. Yellen
has expressed caution this year on rates, as inflation lags below the Fed's 2 percent target and global
risks persist
The American currency traded higher by 0.2 percent in the last week. The week started with a positive
note with the robust release of durable goods, pending home sales and unemployment claims data
from the nation. From macro-view, Americas Prelim GDP data lacks lackluster however, it came
better than the previous month which prompted the tracers to place fresh bets.
Asian markets are trading mixed owing to strength seen in the DX after the US Fed Chairwoman
hinted towards a rate hike in the coming months. Moreover, a local newspaper reported the potential
postponement of the sales tax increase which boosted the Japanese share prices.
Gold
Last week spot gold prices declined by 3.2 percent to close at $1212.2 per ounce. Prices fell to a seven-week low
after upbeat U.S. home sales data in the previous session boosted expectations that the Federal Reserve will
press ahead with interest rate hikes in the near term.The recent flow of gold from Britain via Switzerland to Asia
went into reverse in March and April after a shift in expectations for U.S. interest rate hikes boosted investment
in London, Swiss customs data shows. Gold output in Australia, the world's second biggest producer, slipped 2
percent in the first quarter, due in part to mining of lesser grade ores during a period of higher bullion prices, a
survey released on Sunday showed. Preliminary first quarter US GDP was in-line with projections at 0.8 percent
expansion, while preliminary GDP price index over the same period ticked up 0.6 percent, slightly below the 0.7
percent forecast. The net-long position in gold futures and options fell 26 percent to 169,491 contracts in the
week ended May 24, according to U.S. Commodity Futures Trading Commission data released three days later
Last week spot silver prices declined by 1.7 percent to close at
$16.2 per barrel. The fall in silver prices is in line with declined in gold prices and fall in Nickel prices. ON the
MCX, silver prices declined by 2.4 percent to close at Rs.38866 per kg. Revised University of Michigan
Consumer Sentiment for May was at 94.7, below the economic consensus of 95.7. Inflation expectations over
the same period ticked up 2.4 percent. Gold- Silver ratio looks to have met a resistance around 75 and is
expected to come down lower towards 72-70 levels. The COT report showed that CFTC net long positions in
silver trimmed by 9973 for the week ended on May 24.

 Energy
On Friday Crude oil declined by around 0.50%, registering at Rs.3310/bbl.Crude oil prices last week showed
some gains despite of having huge confusion seeing upcoming OPEC meeting and anticipated interest rate hikes
in near month.On weekly basis, July contract WTI International posted gains around 2% whereas gains in
percent last week.As per Fridays closing, WTI International moved down by around 0.30%, registering at
$49.33/bbl, whereas Brent crude oil by 0.50%, registering $49.32/bbl. Actually, prices in near term completely
raised seeing declining shale oil productions from the US and rising products side demand.This year AAA has
predicted for highest volume of motorists since 2005 which could actually help in surging gasoline demand. If
the demand for gasoline in US market continues rising at current pace,International crude oil prices can have
further support. CDD levels are also mild as of now, which means the motorists would be observing better
weather conditions for drive. Jobs data on the other hand are improving in the US which means the participants
for drive can pay well as the gasoline prices re lowest since 2005 driving season. The U.S. government reported
a larger-than-expected drop in crude inventories, but profit booking after the data kept prices below the $50 a
barrel level. Besides, the U.S. Memorial Day weekend also led the investors to take the profit off the table which
capped the rally.

Copper
Copper prices jumped 2.6 percent to close at $4695 per tonne as oil prices touched seven-month highs after the U.S.
government reported a larger-than-expected drop in crude inventories. Along with that, a report written by the People's
Bank of China monetary policy analysis team cited the central bank will keep policy slightly loose to support the

economy, which still faces downward pressure. However, sharp gains were capped owing to hawkish comments from
Fed officials, adding to bets of June rate hike. Also, the International Copper Study Group (ICSG) said in its latest

monthly bulletin that global world refined copper market showed a 24,000-tonne surplus in February, compared with a
51,000-tonne surplus in January.

NCDEX - WEEKLY NEWS LETTERS

Monsoon may set in over Kerala during June 3 to 9, says agro-met advisory Meteorological
subdivision-level rainfall forecast indicates rainfall activity over South India during June 3 to 9, which
can bring the onset of the South-West monsoon. Normal date for onset over Kerala is June 1. The
June 3-9 window has been projected in the national agro-met advisory service bulletin based on
extended range weather forecast valid for the period May 27 to June 9. It is issued by the India Met
Department in association with the Indian Council of Agricultural Research, All India Coordinated
Research Project on Agricultural Meteorology and the Central Research Institute for Dryland
Agriculture, Hyderabad. According to the bulletin, extreme parts of South India and North-East India
are likely to receive witness a wet spell rain during May 27 to June 2. Over the West Coast, the
rainfall belt will gradually extend northward, which will drive the rains over the rest of South India
during June 3 to June 9. This, according to the bulletin, could likely precipitate onset of the monsoon
over Kerala followed by other parts of South India.

 Indian farmers are set to reduce the area given over to soybeans by up to 10 per cent this year in
response to falling prices, pushing up likely imports of edible oils such as palm oil and soyoil.
Soybean is the main summer-sown oil-seed crop for the world's biggest importer of edible oil, but
prices have dropped 10 per cent in the past two years, while the prices of pulses such as red gram
have nearly tripled over the same period.Lower soybean output will force the country to increase
imports of edible oils, supporting their prices. It could also limit India's soymeal exports, given prices
for its Genetically Modified Organisms (GMO)-free produce are already above international
prices.The further price rise due to lower supply could even make imports of soymeal viable for local
consumers.This year, since pulses prices are ruling near record high levels, farmers will be inclined to
shift towards pulses. We could see five to 10 percent reduction in soybean area.Soybean production
plunged 20 per cent in 2015-16 to its lowest in more than a decade after drought and pests hit
output.India exports soymeal mainly to Asian buyers, but the drop in production has forced it to
import soymeal and soybean in small quantities for the first time in many years.

Jeera
Jeera prices closed higher by 1 per cent on Thursday at the National Commodity & Derivatives Exchange
Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from
growing regions. At the NCDEX, jeera futures for June 2016 contract closed at Rs. 16,095 per quintal, up by 1
per cent, after opening at Rs. 15,935 against the previous closing price of Rs. 15,935. It touched the intra-day
high of Rs. 16,200. Sentiment improved further as a result of reduced domestic supplies in the physical markets
and some export enquiries. As per third advance estimate of Gujarat State for 2015-16, production is pegged at
2.13 lt higher by about 7% forecasted in revised fourth advance estimate of 1.97 lt. In 2013-14, production was
3.46 lt. According to Dept of Commerce data, the export of jeera during first 11 month of 2015-16 (Apr-Feb) is
78,965 tonnes compared to 1.46 lt exported last year same period. The exports for 2015-16 shows a declining
trend compared to last year. Devaluation of currencies in the buying countries and appreciation of Indian
currency combined with high prices have led to a steep decline in jeera exports in 2015-16

Turmeric
Turmeric futures closed lower on Friday on reports of forecast of good rains in turmeric growing area in south
India. The Jun delivery contract on NCDEX closed 1.18% lower to settle at Rs 8,006 per quintal. The price trend
is looking mostly sideways to lower as market participants anticipating good sowing in next season on forecast
of good rains. Turmeric supplies have been slowing down and demand from stockists and upcountry buyers also
going down the prices may trade in range bound manner. Turmeric arrivals have been higher in Feb and March
compared to last year but the arrivals have slowed in April as per agmarknet data. Producers are releasing their
lower or medium grade Turmeric and holding premium quality in the anticipation of better return ahead on
anticipation of some weather disturbances in the coming monsoon. As per dept of commerce data, turmeric
exports for the period April 2015- Feb 2016 is pegged at 77,081 tonnes while the export for the 2014-15 was
83,713 tonnes for the same period.

RM Seed
Mustard seed prices closed higher by 0.69 per cent on Thursday 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 June 2016 contract closed at Rs. 4,392 per quintal, up by 0.69 per cent,

after opening at Rs. 4,371 against the previous closing price of Rs. 4,362. It touched the intra-day high of Rs.
4,409. The prices are moving in a range on forecast of above normal monsoon and higher edible oil imports.
Market participants are active at lower prices due to steady demand from stockists as arrivals may dwindle in
coming weeks. In Canada, farmers were expected to cut sowings of the rapeseed variant by 4% this year to a
five-year low of 7.8m hectares due to attack of disease and pests. The EUs rapeseed harvest will fall this
summer after frost hit crops in Poland while insect damage is causing concern in France and Britain. According
to latest Apr16 USDA report, global rapeseed production is forecast to decline in 2016/17 to 66.15 mt. In 201516, the production is pegged at 68.23 mt.

Chana
Chana prices closed higher 1.36 per cent on Thursday at the National Commodity & Derivatives Exchange
Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the
market. At the NCDEX, chana futures for June 2016 contract closed at Rs. 6,105 per quintal, up by 1.36 per
cent, after opening at Rs. 5,992 against the previous closing price of Rs. 6,023. It touched the intra-day high of
Rs. 6,109. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated
output also influenced the chana prices. Chana production is revised downwards to 7.5 mt from 8 mt forecasted
in 2nd estimate (Feb 2016), in the third advance estimates (May 2016. In Feb 2016, country imported over
79,000 lt of chana higher than 38,000 tones imports last year in Feb. Chana imports into the country touched
about 9.93 lt of until February in the current financial year (Apr 2015- Feb 2016). To boost supply and bring
down rates centre asked state governments not to levy local taxes like VAT and mandi fees on dals, and take
stern action against hoarders. Earlier, agri-commodity bourse NCDEX hiked the cash margin to 45% on chana
(gram) buyers and 10% on sellers to curb speculation

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