Escolar Documentos
Profissional Documentos
Cultura Documentos
Market Wrap-Up
Castor Seed 20-Jun-18 4021 4050 4090 3991 4002 -0.47% 1.34% -16.29%
Chana 20-Jun-18 3587 3597 3644 3571 3637 1.39% -2.40% -33.64%
Dhaniya 20-Jun-18 4781 4784 4784 4500 4541 -5.02% 11.42% -26.41%
COCUDAKL 20-Jun-18 1279.50 1275.00 1304.00 1235.50 1300.00 1.60% 1.13% 8.76%
Guargum5 20-Jun-18 8303 8400 8400 8110 8232 -0.86% -0.79% 14.33%
Guarseed10 20-Jun-18 3838.00 3817.00 3875.00 3773.00 3842.00 0.10% -0.94% 18.87%
Jeera 20-Jun-18 15755 15700 16160 15510 16105 2.22% -14.03% -53.34%
RMseed 20-Jun-18 3975 3990 4037 3953 4019 1.11% 6.37% -9.59%
Ref Soya Oil 20-Jun-18 773.75 775.90 786.75 767.30 773.90 0.02% -3.44% -4.88%
Soyabean 20-Jun-18 3776 3807 3838 3720 3738 -1.01% 0.56% -25.81%
Turmeric 20-Jun-18 7244 7250 7360 7100 7146 -1.35% 8.40% -31.84%
Mentha Oil 31-May-18 1323.60 1303.10 1343.90 1239.10 1338.00 1.09% 13.63% 35.89%
LME Inventory
Closing In Tonnes Closing In Tonnes
Commodity % Change in Price
(As on 25th May 2018) (As on 18th May 2018)
Copper 300125 300200 -0.02%
Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 29/05/2018
Inventory Updates
Crude Oil 21-May-18 5510 5114 4856 4718 4460 4322 3926
Natural Gas 25-May-18 219.00 210.00 205.00 200.00 196.00 191.00 181.00
Castor Seed 18-May-18 4226 4127 4064 4028 3965 3929 3830
Ref Soya Oil 43238 815 795 785 776 765 757 737
Mentha Oil 43251 1517 1412 1375 1307 1270 1202 1097
BULLION
Recently, the World Gold Council reported a 7% drop in global demand in the first
quarter of 2018 to 973.5 tonnes, the lowest since the first quarter of 2008, as in-
vestments fell 27% on the precious metal to 287 tonnes from 383 tonnes in the
first quarter of 2017.The Gold is in perfect uptrend Currently Gold is moving side-
ways The Gold is now trading in overbought level.The oscillator is showing BUY sig-
nal but has moved past its recent high with good volume points to a positive break
out .The oscillator is showing BUY signal For short term The current position
is buy and closed above 1 month high with volume signals up breakout. Support for
the Gold is 30900. Immediate resistance for Gold is 31500.
BASE METALS
Threemonth base metals prices on the London Metal Exchange were mixed on the
morning of Wednesday May 23, with nickel and lead prices down by 0.4% and
1.4% respectively while copper was off by 0.5% at $6,929 per tonne aluminium and
tin are both up by 0.2% and zinc is up by 0.5%.Volume on the LME has been aver-
age with 5,074 lots traded as of 6.56am London time.
ENERGY
Crude oil price continued its decline strongly to reach the next target at 67.22 and
settles there and we need to monitor the price behaviour at this level as breaking
it will extend oil price losses to reach 65.50 on the near term basis while its stabil-
ity will push the price to start recovery attempts that target testing 69.35 level
initially.Natural gas price succeeded to form strong bullish attack yesterday by
moving away from 2.910 support line to approach the initial target at 3.050 not-
ing that the continuation of the positive pressures will push the price to surpass
38.2%.
SPICES
Jeer rates hovered near the psychological 16000 mark. Markets found some
immediate support at the lower levels as traders anticipate the demand that
had slackened for last few weeks could start rising in coming days. Good mon-
soon reports had further capped the upside. Traders too anticipate further fall
to be limited as prices have fallen a lot over last few months. The demand for
. new crop is expected to rise at these lower levels in coming days.
the
Turmeric kept trading with high volatility as prices found support near the 7000
-7200 mark. Profit booking at the higher levels amidst reports of good mon-
soon being beneficial for the new crop sowing next month onwards kept pres-
OILSEEDS
Prices failed to take any clear direction for Mentha oil as traders expect the
harvesting activities to pick up in coming weeks. New crop arrivals could put
pressure on the prices. Rising demand on the export front amidst low arri-
vals had been supporting the market of late. However good crop sowing
reports limited the uptrend. The arrivals of the new crop in coming weeks
could limit the uptrend. Soya oil faced resistance in moving upwards al-
though buyers entered frequently after small dips. Prices have risen lately
mainly on bullish cues from global markets and rumours of duty hike in edi-
ble oils. The USDA report released last to last week was perceived as neutral
from price movement perspective therefore with futures currently surfacing
at higher levels possibility for a long lasting upside rally seems lesser at least
for next few days
GUAR COMPLEX
No strong movement was noted for Guar as Guar failed to gather momentum
as the uptrend was limited by good and before time arrival of monsoon re-
ports. with prices finding short term support near the psychological 8000
mark. Normal monsoon and its early arrival predictions by IMD had kept pres-
sure on prices. Traders however anticipate present rates to be on lower side
with strong further fall in prices being ruled out.
OTHERS
Rmseed ended the session on strong note yesterday but weak tone in soy-
bean capped the upside From a broader perspective bullish outlook soybean
and palm oil higher import duty on mustard oil lowering arrivals and drop in
the crop acreage shall keep the downside in check. Traders anticipate
Rmseed prices to firm up further in the near term.
As per latest reports from Cotton Association of India (CAI) Indian production
for 2017-18 has been lowered by 5 lakh bales of 170 kg each to 362 lakh
bales. The reasons being crop damage from severe pink boll worm infestation
and lower rains in some areas. Total supply is estimated at 412 lakh bales.
.
9 Copyright © 2018 Ways2Capital. All rights reserved 29/05/2018
Calls of the Week (MCX)
ZINC
From last couple of trading weeks market is trading in range between the level of 210 to 205 with the negative senti-
ment supported by 100 days moving average. And recently market broken its up trend channel on its hourly chart indi-
cating bearish trend from short term to mid term basis. It is having important support at the level of 206.50 while resis-
tance place at the level of 207.50. One can make sell position below the support level of 206.30 for the target of
203.30 with stop loss of 207.50
WEEKLY STRATEGY
PERTICULAR DETAILS
Action SELL
Target 207.50
SL 203.30
NATURAL GAS
The primary trend of Natural Gas is bullish and market is continuously making new highs supported by the 200 days
moving average. On its daily chart market is forming bullish flag pattern indicating positive trend in near term to mid
term basis. Relative strength index showing positive movement in sustaining above the level 60 supporting bullish
trend. Near term resistance place at the level of 203 while market can face the support at the level of 197. One can
make buy position above the resistance level for the target of 213.
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Buy
Target 213
SL 197
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Sell
Target 3840
SL 4045
MENTHAOIL
Overall trend of the Menthaoil is bearish for medium to long term.Currently Menthaoil is in strong downtrend with
good momentum and the trend is supported by good volume and open interest.The oscillator is showing sell signal For
short term to mid term basis. Immidiate Support for the Menthaoil place at the level of1115 while market can face the
resistance near the level of 1150.
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Sell
Target 1075
SL 1127
Last week USDINR Jun Futures started the week on positive note and made a high of 68.7450 on Thursday. On last day
of the week, we saw sharp bearish movement in it and it closed at 68.0000 with the overall loss of 0.45% on weekly
basis. Technically it formed Dark Cloud Cover candlestick pattern on weekly charts & for this week, we can expect
downside movement in it.For this week, if it breaks the level of 67.5300 then it can test the level of 67.0150 during the
week. One can make sell position in it by maintaining a SL 67.8825
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Sell
Target 67.0150
SL 67.8825
EURINR
Last week EURINR Jun Futures started the week on negative note and after that it witnessed choppy movement for the
most part of the week. On last day of the week, we saw sharp bearish movement in it and it closed at 79.7175 with the
overall loss of 1.14% on weekly basis. Technically for this week, we can expect downside movement in as it sustaining
below the major support level breakout of 80.2600 with the negative RSI.
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Sell
Target 78.7025
SL 79.6125
DISCLOSURE ( प्रकटीकरण) :
High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any
issuer of products/ securities, this ensures that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company
and all its representatives will not make any trades in the market.
हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी कं पननयां अनुसंधान ररपोटा में शानमल कं पननयों के साथ कारोबार नहीं करती हैं और न ही ककसी भी तरह के उत्पादों / प्रनतभूनतयों के जारीकताा के साथ जुडी हैं, जो यह
सुनननित करता है कक नहतों के नलए कोई वास्तनवक या संभानवत संघषा नहीं है | ननयामक ननकाय के अनुपालन को सुनननित करने के नलए हमने यह तय ककया है कक कं पनी और उसके कोई भी प्रनतनननध बाज़ार में ट्रेड नहीं करेंगे।
Clients are advised to consider information provided in the report as opinion only & make investment decision of their own. Clients are also advised to read & understand terms &
conditions of services published on website. No litigations have been filed against the company since the incorporation of the company by regulatory body.
ग्राहकों को यह सलाह दी जाती है कक वे ररपोटा में दी गई जानकारी को के वल राय के रूप में देखें और ननवेश के नलए स्वयं िंै सला करें | ग्राहकों को वेबसाइट पर प्रकानशत सेवाओं के ननयमों और शतों को पढ़ने और समझने की भी सलाह दी जाती है |
कं पनी के ननगमन के बाद ननयामक ननकाय द्वाराकं पनी के नखलािं कोई मुकदमा (यानचका) दायर नहीं ककया गया है।