Gold rebounded to a fresh three-week high on Friday, as investor risk aversion lifted appetite for the metal, putting it on track for a second straight weekly rise. Often perceived as an insurance against economic and financial concerns,

2. ✍ MCX DAILY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 30 JUN 2016 110 108.50 107 106.05 105.45 104.55 104 102.45 101
COPPER 30 JUN 2016 311.20 307.80 304.45 302.90 301 299.50 297.60 294.20 290.80
CRUDE OIL 20 JUN 2016 3563 3482 3401 3349 3320 3268 3239 3158 3077
GOLD 05 AUG2016 30988 30663 30338 30211 30013 29886 29688 29363 29038
LEAD 30 JUN 2016 122.65 120 117.40 115.85 114.80 1113.25 112.20 109.60 107
NATURALGAS 27 JUN 2016 183.30 179.70 176.10 174.10 172.50 170.50 168.90 165.30 161.70
NICKEL 30 JUN 2016 631.70 620.50 609.30 603.50 598.10 592.30 586.90 575.70 564.50
SILVER 05 JUL 2016 42340 41881 41422 41245 40963 40786 40504 40045 39586
ZINC 30 JUN 2016 146.30 143.75 141.20 140.30 138.65 137.75 136.10 133.55 131
✍ MCX WEEKLY LEVELS
WEEKLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 30 JUN 2016 119.40 114.75 110.10 107.60 105.45 102.95 100.80 96.15 91.50
COPPER 30 JUN 2016 365.65 345.70 325.75 313.55 305.80 293.60 285.85 265.90 245.95
CRUDE OIL 20 JUN 2016 3816 3657 3498 3398 3339 3239 3180 3021 2862
GOLD 05 AUG2016 32695 31730 30765 30424 29800 29459 28835 27870 26905
LEAD 30 JUN 2016 130.15 125.20 120.25 117.25 115.30 112.30 110.35 105.40 100.45
NATURALGAS 27 JUN 2016 213.80
.
199.10 184.40 178.20 169.70 163.50 155 140.30 125.60
NICKEL 30 JUN 2016 703.80 667. 630.20 613.90 593.40 577.10 556.60 519.80 483
SILVER 05 JUL 2016 47582 45157 42732 41900 40307 39475 37882 35457 33032
ZINC 30 JUN 2016 159.65 152.15 144.65 142.05 137.15 134.55 129.65 122.15 114.65
Monday, 13 June 2016

3. WEEKLY MCX CALL
SELL LEAD JUL BELOW 113.30 TGT 110.30 SL 116.30
SELL CRUDEOIL JUL BELOW 3268 TGT 3166 SL 3371
PREVIOUS WEEK CALL
BUY GOLD AUG ABOVE 29461 TGT 29663 SL 29258 - SL
SELL CRUDEOIL JUN BELOW 3228 TGT 3165 SL 3291 - NOT EXECUTED
✍ FOREX DAILY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
USDINR 28 JUN 2016 67.50 67.30 67.15 67.05 66.95 66.85 66.80 66.60 66.45
EURINR 28 JUN 2016 76.55 76.30 76 75.85 75.75 75.55 75.45 75.20 74.90
GBPINR 28 JUN 2016 98.15 97.65 97.15 96.85 96.65 96.35 96.15 95.65 95.15
JPYINR 28 JUN 2016 63.45 63.15 62.90 62.75 62.60 62.50 62.35 62.05 61.80
✍ FOREX WEEKLY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
USDINR 28 JUN 2016 68.6
5
68.10 67.55 67.20 66.95 66.65 66.40 65.85 65.30
EURINR 28 JUN 2016 78.1
0
77.35 76.60 76.15 75.90 75.40 75.15 74.40 73.65
GBPINR 28 JUN 2016 102.
45
100.65 98.85 97.70 97.10 95.90 95.30 93.50 91.70
JPYINR 28 JUN 2016 65.0
5
64.25 63.40 63 62.55 62.15 61.70 60.85 60
WEEKLY FOREX CALL
BUY JPYINR JUN ABOVE 63.50 TGT 64.50 SL 62.50
SELL USDINR JUN BELOW 66.90 TGT 65.90 SL 67.90
PREVIOUS WEEK CALL
SELL USDINR JUN BELOW 67 TGT 66 SL 68.01- CLOSED AT 66.92

4. ✍NCDEX DAILY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 JUL 2016 672 667 662 660 657 655 652 647 642
SYBEANIDR 20 JUL 2016 4019 3977 3935 3915 3893 3873 3851 3809 3767
RMSEED 20 JUL 2016 5018 4915 1812 1770 4709 4667 4606 4503 4400
JEERAUNJHA 20 JUL 2016 17985 17580 17175 16975 16770 16570 16365 15960 15555
CHANA 20 JUL 2016 7663 7415 7167 7038 6919 6790 6671 6423 6175
✍NCDEX WEEKLY LEVELS
WEEKLY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 JUL 2016 690 679 668 663 657 652 646 635 624
SYBEANIDR 20 JUL 2016 4207 4107 4007 3951 3907 3851 3807 3707 3607
RMSEED 20 JUL 2016 5503 5218 4933 4831 4648 4546 4363 4078 3793
JEERAUNJHA 20 JUL 2016 19790 18745 17695 17235 16640 16185 15595 14545 13495
CHANA 20 JUL 2016 9087 8305 7523 7216 6741 6434 5959 5177 4395
WEEKLY NCDEX CALL
SELL SOYABEAN JUL BELOW 3860 TGT 3760 SL 3967
SELL RM SEED JUL BELOW 4644 TGT 4580 SL 4733
PREIOUS WEEEK CALL
SELL SOYABEAN JUL BELOW 3898 TGT 3835 SL 3961 - CLOSED AT 9895
SELL RM SEED JUL BELOW 4459 TGT 4398 SL 4521 - NOT EXECUTED.

5. MCX - WEEKLY NEWS LETTERS
✍BULLION
Gold rebounded to a fresh three-week high on Friday, as investor risk aversion lifted appetite for the metal,
putting it on track for a second straight weekly rise. Often perceived as an insurance against economic and
financial concerns, gold has risen more than 2 percent this week after weaker than expected U.S. payrolls data
dented expectations of an imminent rise in U.S. interest rates. Prices are likely to be bolstered in the next two
weeks by nervousness over Britain's June 23 referendum on its EU membership, analysts said. Gold is highly
sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding bullion while boosting
the dollar, in which it is priced.Investors have almost priced out the chance of a rate increase at the Fed's June
14-15 policy review and reduced the likelihood of a July increase to about 26 percent. Besides, weak non farm
payrolls data and comments from Janet Yellen about gradual rate hike will also act as a positive factor for the
yellow metal.Gold prices spurted by Rs 118 to Rs 29,964 per 10 gram in futures trade as speculators widened
their bets taking positive cues from the global market. At Multi Commodity Exchange, gold for delivery in far-
month October was trading Rs 118 or 0.40% higher at Rs 29,964 per 10 gram in a business turnover of 12 lots.
The metal for delivery in August also moved up by Rs 102 or 0.34% to trade at Rs 29,731 per 10 gram in a
turnover of 553 lots. Analysts said fresh positions created by participants following a better trend in global
market where the precious metal climbed to a three-week high as the dollar retreated on bets the Federal Reserve
will keep interest rates on hold in the coming months, supported the upside in gold futures here. Meanwhile,
gold traded 1.55% higher at $1,262.50 an ounce in New York in yesterday's trade.
Silver prices were sharply up by Rs 441 to Rs 41,415 per kg in futures trade today
after participants raised their bets amid firming global trends. At the Multi Commodity Exchange, silver for
delivery in far-month September was trading notably higher by Rs 441 or 1.08% to Rs 41,415 per kg in a
business turnover of 48 lots Similarly, the white metal for delivery in July traded higher by Rs 428 or 1.06% to
Rs 40,682 per kg in a business volume of 758 lots. Analysts attributed the rise in silver prices at futures trade to
a firming trend in the precious metals overseas as dollar's safe-haven appeal weakened on bets the Federal
Reserve will keep interest rates on hold in the coming months. Globally, silver zoomed 4.07% higher at $17.01
an ounce in New York yesterday.
✍ENERGY
Crude Oil prices declined by 1.7 percent to close at Rs.3253 per barrel. Crude prices dipped further in Asia on
Friday on a stronger dollar, dampening a rally that saw the commodity hitting 11-months high earlier in the
week. The losses were in line with a sell-off on equities markets from Asia to the Americas fuelled by worries
about the state of the global economy. The greenback was boosted by better than expected US unemployment
numbers, making oil more expensive and dampening demand. Traders, however, expect a fresh boost for oil
futures if there are new signs of tightening supplies. "If the positive developments we are seeing like the
tightening supply (and) increasing demand in the oil sector continue to develop for the next couple of months,
then maybe the strengthening US dollar might not have that great an impact," said IG Markets' analyst Bernard
Aw. At around 0400 GMT, US benchmark West Texas Intermediate was 15 cents, or 0.30%, down at $50.41
while Brent North Sea crude was 13 cents, or 0.25%, lower at $51.82. Prices have almost doubled since hitting
near 13-year lows at the start of the year as US supplies slowly shrink, while production in Nigeria is hit by rebel
unrest and Canada's key oil region is ravaged by wildfires.Continuous threats by militants against Nigeria's oil
industry and fear of more security incidents that could hit supplies worldwide, however, limited losses in crude.
Crude futures have almost doubled since the 13- year lows of $27 for Brent and $26 for WTI in the first quarter.

6. Worries about sabotage of oil facilities in Nigeria, although a build in U.S. gasoline stocks amid peak summer
demand could pressure prices. Prices were also supported by data showing China's May crude oil imports at over
six-year highs.
Natural gas futures on Friday stalled on forecasts the power sector will use a little less gas and more
coal over the next two weeks to meet rising air conditioning demand. Traders noted it becomes profitable for
some generators to burn coal instead of gas once the gas premium rises over $1 due to coal's higher
environmental and transport costs. Despite Friday's decline, the front-month ended up 7 percent for the week, its
third straight week of gains. That was the longest weekly winning streak since January. That kept the contract in
overbought territory with a Relative Strength Index above 70 for a ninth consecutive day for the first time since
December 2013
✍BASE METAL
Copper prices plunged the most among base metals by 3.8 percent last week to close at $4510 per tonne as 39
percent surge in LME inventories over the past week to above 213,225 tonnes mainly into Asian warehouses,
acted as a negative factor. Also, number of Americans filing new applications for jobless benefits declined by
4,000 last week, sign lay-offs remains in check despite a recent slowdown in hiring. Further, European Central
Bank President Mario Draghi warned that a lack of economic reforms is making the ECB’s job harder and urged
European governments to play a supporting role.
Nickel prices moved up by Rs 4.80 to Rs 603.70 per kg in futures market as speculators raised their
bets amid a firming trend overseas and spot demand. At the Multi Commodity Exchange, nickel for delivery in
June gained Rs 4.80 or 0.80% to Rs 603.70 per kg in a business turnover of 1,077 lots. The metal for delivery in
July rose by Rs 4.80 or 0.79% to trade at Rs 609.70 per kg in 5 lots. Analysts said apart from increased domestic
demand from alloy-makers, firmness in the base metals at the London Metal Exchange (LME), influenced nickel
prices at futures trade. Globally, nickel added 1.6% to trade at one-month high of $9,050 per tonne at the LME.
Zinc futures was marginally up by 0.22% to Rs 138.80 per kg as
participants enlarged positions amid a firming trend at the spot markets today on better domestic demand. At the
Multi Commodity Exchange, zinc for delivery in July rose by 30 paise, or 0.22%, to Rs 138.80 per kg, with a
business turnover of 14 lots. According to marketmen, a firming trend at at the domestic spot markets following
better demand from consuming industries, supported the upside in zinc prices in futures trade but metal's
weakness overseas, avoided any major fall in prices. Also, metal for delivery in current month edged up by 25
paise, or 0.18% to Rs 138.35 per kg in business volume of 284 lots.
Aluminium prices edged up by Rs 1.10 to Rs 107.20 per kg in
futures trade as participants enlarged their positions, supported by a strong spot demand in the physical market.
In futures trading at the Multi Commodity Exchange, aluminium for delivery this month inched up by Rs 1.10 or
1.04% to Rs 107.20 per kg in a business turnover of 316 lots. Likewise, the metal for delivery in July traded
higher by Rs 1.10 or 1.10% to Rs 107.95 per kg in 17 lots. Traders said strength in the base metals pack at the
London Metal Exchange (LME), spurred by an improving trade outlook in China and monetary stimulus by the
European Central Bank and increased domestic demand from consuming industries at the spot markets, helped
aluminium futures to trade higher. At the LME, aluminium for delivery in three-month rose 0.7% to $1,614.50
per tonne.

7. ✍ NCDEX - WEEKLY NEWS LETTERS
 The monsoon may have been in circulation for only three days after a delayed onset but it has already
delivered rain equivalent to, if not more than what the first 10 days of June normally generate. As on
Friday, the seasonal rains have covered Kerala, Tamil Nadu, most parts of Karnataka, parts of
Rayalaseema and South Coastal Andhra Pradesh. It has delivered normal rain in Kerala and South
interior Karnataka but dumped excess rain over Tamil Nadu, Rayalaseema, and coastal Andhra
Pradesh. Conditions are favorable for its progress mainly over the peninsular seas over the next three
to four days, an India Met Department update said. The Met has forecast heavy to very heavy rain at a
few places over coastal Karnataka, South interior Karnataka, Konkan-Goa, and Kerala later today.
✍CHANA
Supported by strong demand at domestic spot market and restricted supplies from producing regions, chana
prices surged by 1.68% to Rs 6,840 per quintal in futures trade on Friday as participants raised bets.Besides,
expectations of lower output fuelled the uptrend.At the National Commodity and Derivatives Exchange, chana
for delivery in June month jumped up by Rs 113, or 1.68% to Rs 6,840 per quintal with an open interest of 1,020
lots.On similar lines, the commodity for delivery in far-month July contracts traded higher by Rs 63 or 0.93% to
Rs 6,859 per quintal in 14,430 lots.Widening of positions by traders, driven by strong demand in the spot market
against fall in supplies from producing regions, mainly pushed up chana prices at futures trade.All the
government initiatives to reign in spiraling prices of pulses and pulse seeds appear to have gone haywire amid
continuing rally in pulses and pulse seeds.Weak arrival and improved buying lifted the prices of pulses. State-
run MMTC is looking to import 5,000 tonnes of pulses to keep the domestic prices under control by increasing
the availability of lentils. The gap in demand and supply of pulses has widened in the last two years due to
drought. Pulse production is around 17 million tonnes while demand is for 23.6 million tonnes (MT)
✍REFINED SOYA
Soybean futures closed lower on Friday, as physical demand seems to be lower in coming sowing season.
Soybean Jul’16 contract closed 0.20% lower to settle at Rs. 3,895/quintal. Soybean at physical market ruled flat
at around ₹4,000 a quintal on steady physical demand and lower soymeal export. Oil meal exports during May
2016 are reported at only 7,737 tons compared to 121,339 tons in May 2015 - down by 94% according to data
compiled by Solvent Extractors' Association of India.
Refined soya oil prices were up by 0.36% to Rs 655.70 per 10 kg in futures
trade on Wednesday as speculators raised their bets amid uptick in demand in the spot market.At the National
Commodity and Derivatives Exchange, refined soya oil for delivery in far-month July moved up by Rs 2.35 or
0.36 per cent to Rs 655.70 per 10 kg with an open interest of 1,04,630 lots.Similarly, the oil for delivery in June
contracts traded higher by Rs 2.20 or 0.34% to Rs 642.40 per 10 kg in 44,340 lots.Enlarging of positions by
participants on the back of pick up in demand in the spot market against tight stocks position on restricted
supplies from producing regions mainly led to the rise in refined soya oil prices at futures trade.

8. ✍GUARSEED
Guar seed traded on mixed note throughout the day on account of mixed sentiments of spot markets where active
buying interest of traders amid adequate availability of stocks was featured. At the end on the day, the most
active futures contract for July delivery closed unchanged at Rs. 3,159/quintal, against its previous day close.
Guar gum traded on higher note for most part of the day as speculators expand their position amid firm trend at
spot market. Similarly, positive overseas cues also supported prices to move higher. The futures contract for July
month expiry ended at Rs. 5,720/quintal, surged by 2.51%. On spot front, recovery of prices lead to rise in
arrivals at spot market where total arrivals were reported around 410 MT at key trading centers in Haryana,
whereas guar seed price was quoted at Rs. 2,900/quintal in Sirsa physical market. At NCDEX approved
warehouses, stock position of guar seed and gum were reported 30,666 MT and 37,380 MT whereas 360 MT and
199 MT were in process as on 12 June 2016
✍JEERA
jeera futures traded up on revival of active buying at spot market front. Thus, jeera futures prices ended the day
on marginally positive note at Rs.16775 per quintal up, with 0.8%gains. The total arrivals reported at Unjha
market were 5000 bags. The average spot prices at Unjha market were hovered in the range of Rs.16700-
16900/quintal. Stock positions at the NCDEX accredited warehouses are 3436 tonnes and 30 MT are in process
as on 09 June 2016. According to Dept of Commerce data, the export of jeera during 2015-16 (Apr-Feb) surged
to 93,539 tonnes compared to 1.56 lt exported last year same period. The exports for 2015-16 declined 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. 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.

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