Browse Category: Nifty Market Tips

Copper Sharply Down 3.6% On Thursday

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Copper diluted in a single day and settled at Rs 389.10 per kg, down 3.6%. The decline in Copper brings the metal towards a low of 2 Feb 2017. This is also a critical level which if broken can take prices close to Rs 379 per kg.

In a seperate news, U.S. central bank gave no firm signal on the timing of its next rate move, with policymakers noting uncertainty over economic policy under the Donald Trump administration. Meanwhile, markets were also in a wait-and-see mode in anticipation of President Donald Trump’s address of a joint session of Congress on Tuesday next week, at which he is expected to announce tax policies.

Chile´s Escondida copper mine, the world´s largest, said on Tuesday it would not begin replacing striking workers for at least 30 days into a work stoppage to show its commitment to dialogue.

Canadian pulse crop sales to India dry up over pest-control plan

Canadian exporters are slowing sales of peas and lentils to India, threatening C$1.1 billion ($762.95 million) in annual trade of the food staples, over risk that New Delhi may reject shipments under its tougher approach to pest control.fore more update www.ripplesadvisory.com

 India requires shippers to fumigate crops with methyl bromide, an insect-killing gas, in the country of origin, but has historically made an exception for Canada, the world’s biggest pulse exporter. Methyl bromide, an ozone-depleting substance, is not made in Canada, but is allowed for use in limited situations.

Canada’s exemption, allowing crops to be fumigated on arrival in India, is set to expire on March 31, overlapping with the 30-40 days it takes for shipments to reach India from Canada. “It’s just a completely dead market right now for us,” said Tamara Khoma, trader at Providence Grain. The company rerouted a pea shipment to China that had been headed for India.

Gold steady as investors look for rate hike clues from Fed

 Gold held firm on Wednesday after falling as much as 1 percent the session before, with investors waiting for minutes from the Federal Reserve’s latest meeting for clues on the timing of interest rate hikes.

 Spot gold was steady at $1,236 per ounce at 0336 GMT, while U.S. gold futures eased 0.2 percent to $1,237. Spot gold looks neutral in a range of $1,233-$1,240 per ounce, and an escape could suggest direction, according to Reuters technical analyst Wang Tao.

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Gold has only risen since the beginning of this year, the market has some hesitation in moving up further but still (prices) have some way to go up.””Gold held up rather impressively on Tuesday despite a rising dollar (particularly against the euro) and soaring U.S. equity markets,” said INTL FCStone analyst Edward Meir.

Gold is highly-sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion, while also boosting the dollar. 

Oil and Natural Gas Corp takes profit hit from royalty payments

Oil and Natural Gas Corp will take a 16 billion rupee ($239 million) hit to its quarterly earnings to account for previous royalty payments to two states, the oil exploration company’s finance head A. K. Srinivasan said.

ONGC has already made a 25 billion rupee payment to the two states as royalty on crude oil produced from April 2014, but had not reflected this because it was under litigation, Srinivasan said on Tuesday.

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The Supreme Court has asked the federal government to compensate Gujarat and Assam for 150 billion rupees in lost revenues due to lower royalties paid by state-run explorers ONGC and Oil India Ltd. Indian law requires companies to pay 20 % of the market value of oil produced as royalty to states where oil blocks are located. 

April 2008 the oil ministry asked ONGC and Oil India to pay royalty based on lower prices, as the two firms had given a hefty discount on crude sales to state refiners, in order to keep a lid on local fuel prices. However, last year the oil ministry asked the two firms to settle royalty dues from April 2014 based on the market value of oil produced.

कमोडिटी बाजार में आज कहां लगाएं दांव

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डॉलर में उछाल से ग्लोबल मार्केट में सोने की कीमतों पर दबाव बढ़ गया है। कॉमैक्स पर सोना करीब 0.5 फीसदी नीचे कारोबार कर रहा है। चांदी भी 18 डॉलर के नीचे आ गई है। हालांकि कच्चे तेल में तेजी आई है और नायमैक्स पर क्रूड का दाम 54 डॉलर के पास पहुंच गया है। इसमें करीब 0.5 फीसदी की तेजी है। अमेरिका में भंडार गिरने के अनुमान से कीमतों को सपोर्ट मिला है। इस बीच लंदन मेटल एक्सचेंज पर बेस मेटल में बेहद छोटे दायरे में कारोबार हो रहा है।

घरेलू बाजार में एमसीएक्स पर कच्चा तेल 0.2 फीसदी की बढ़त के साथ 3630 रुपये के आसपास कारोबार कर रहा है, वहीं नैचुरल गैस 0.5 फीसदी की मजबूती के साथ 185 रुपये के ऊपर कारोबार कर रहा है। घरेलू बाजार में सोना 0.3 फीसदी की कमजोरी के साथ 29215 रुपये के आसपास नजर आ रहा है जबकि चांदी 0.4 फीसदी की गिरावट के साथ 42740 रुपये के नीचे आ गया है।

बेस मेटल्स की बात करें तो एल्यूमीनियम 0.3 फीसदी की कमजोरी के साथ 125 रुपये के के करीब दिख रहा है जबकि कॉपर 0.07 फीसदी की गिरावट के साथ 405 रुपये के नीचे आ गया है। लेड की बात करें तो ये 0.3 फीसदी गिरकर 155 रुपये के नीचे दिख रहा है जबकि निकेल 0.7 फीसदी टूट कर 740 रुपये के नीचे आ गया है। वहीं जिंक 0.3 फीसदी की कमजोरी के साथ 190 रुपये के करीब दिख रहा है।

  1. ग्वार सीड एनसीडीईएक्स (मार्च वायदा): खरीदें — 3340, स्टॉपलॉस — 3300 लक्ष्य — 3400
  2. सरसों एनसीडीईएक्स (अप्रैल वायदा): बेचें — 3800, स्टॉपलॉस — 3840 लक्ष्य — 3720
  3. कच्चा तेल एमसीएक्स (मार्च वायदा): खरीदें — 3600, स्टॉपलॉस — 3570 लक्ष्य — 3700
  4. कॉपर एमसीएक्स (फरवरी वायदा): खरीदें — 403, स्टॉपलॉस — 400 लक्ष्य — 409
  5. सोना एमसीएक्स (अप्रैल वायदा): खरीदें — 29200, स्टॉपलॉस — 29100 लक्ष्य — 29400

कच्चे तेल की कीमत 54.56 डॉलर

 

भारतीय बास्केट के कच्चे तेल की अंतर्राष्ट्रीय कीमत शुक्रवार को 54.56 डॉलर प्रति बैरल दर्ज की गई। यह गुरुवार को दर्ज कीमत 54.49 डॉलर प्रति बैरल से अधिक है। पेट्रोलियम एवं प्राकृतिक गैस मंत्रालय के अधीनस्थ पेट्रोलियम नियोजन एवं विश्लेषण प्रकोष्ठ (पीपीएसी) द्वारा सोमवार को यह सूचना जारी की गई। रुपये के संदर्भ में भारतीय बास्केट के कच्चे तेल की कीमत शुक्रवार को बढ़कर 3657.88 रुपये प्रति बैरल हो गई, जबकि गुरुवार को यह 3647.88 रुपये प्रति बैरल थी। रुपया शुक्रवार को कमजोर होकर 67.05 रुपये प्रति डॉलर के स्तर पर बंद हुआ, जबकि गुरुवार को यह 66.95 रुपये प्रति डॉलर था।

 

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Copper Keeps Momentum, Gains 0.86%

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Copper ended the session on 20 Feb 2017 at INR 403.65 per kg, up 0.86%. The prices tested a high of INR 407.45 per kg and a low of INR 400.70 per kg. Technical charts suggest that breach above INR 405 and 407 per kg will be beneficial for Copper.

Commitment of trader’s report was released Friday and will be critical for Copper in the coming days. The Money Managers were interested in decreasing their short positions along with long positions. Meanwhile the situation for merchants and producers were similar as there as well the longs and short positions were on a decline.

The total long positions of Merchants were 37823 pounds on 14 Feb 2017 compared to 42612 pounds on 7 Feb 2017, down 4789 pounds. On the other hand, short position of Copper were down 9090 to 120932 pounds on 14 Feb 2017 from 130022 pounds on 7 Feb 2017.In case of Money Managers, the total long positions were 115276 pounds on 14 Feb 2017 compared to 115642 pounds on 7 Feb 2017, down 366. The short positions of Copper were 26720 pounds compared to 30186 pounds on 14 Feb 2017, down 3466 pounds.

Myanmar Rice Exports Reaches $12 Million In January

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According to the Ministry of Commerce, Myanmar earned more than US$12 million exporting over 40,000 tonnes of rice by sea in January, It was a 17,694-tonne increase from December.

 The country exported more than US$3.58 million worth of rice to the US from January 29 to February 4.It also earned more than US$10 million exporting 40,576 tonnes of broken rice last month.Myanmar exported more than 1.15 million tonnes of rice and broken rice between April and January, nearly 150,000 tonnes down on the previous year, according to the ministry.

Myanmar exports rice to more than 50 countries with more than 70 % going to China, according to the ministry.