The data released from US yesterday showed that the Philly Fed manufacturing index in July hit -2.9,a stark divergence from the 5.1 estimate  The data released from Japan showed that the FlashManufacturing PMI came at 49.0 against 48.1 in June.

2. MCX DAILY LEVELS✍
DAILY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 31 AUG 2016 112.45 111.20 109.95 109.35 108.70 108.10 107.45 106.20 104.95
COPPER 31 AUG 2016 352.25 346.45 340.65 337.10 334.85 331.30 329.05 323.25 317.45
CRUDE OIL 19 AUG 2016 3217 3139 3061 3011 2983 2933 2905 2827 2749
GOLD 05AUG 2016 31477 31277 31077 30974 30877 30774 30677 30477 30277
LEAD 31 AUG 2016 130.20 128.40 126.60 125.40 124.80 123.60 123 121.20 119.40
NATURALGAS 26 AUG 2016 209 200.50 192 189.10 183.50 180.60 175 166.50 158
NICKEL 31 AUG 2016 772 751.10 730.20 716.50 709.30 695.60 688.40 667.50 646.60
SILVER 05 SEP 2016 47827 47345 46863 46592 46381 46110 45899
0
45417 44395
ZINC 31 AUG 2016 156.90 155.20 153.50 152.70 151.80 151 150.10 148.40 146.70
MCX WEEKLY LEVELS✍
WEEKLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 31 AUG 2016 123.45 118.90 114.35 111.50 109.80 107 105.25 100.70 96.15
COPPER 31 AUG 2016 363.10 353.45 343.80 338.70 334.15 329 324.50 314.85 305.20
CRUDE OIL 19 AUG 2016 3674 3459 3244 3102 3029 2887 2814 2599 2384
GOLD 05AUG 2016 32306 31835 31364 31117 30893 30646 30422 29951 29480
LEAD 31 AUG 2016 136.45 132.60 128.75 126.50 124.90 122.65 121.05 117.20 113.35
NATURALGAS 26 AUG 2016 217 205.60 194.20 190.20 182.80 178.80 171.40 160 148.60
NICKEL 31 AUG 2016 834.10 793 751.90 727.30 710.80 686.20 669.70 628.60 587.50
SILVER 05 SEP 2016 51379 49717 48055 47188 46393 45526 44731 43069 41407
ZINC 31 AUG 2016 170.30 163.90 157.50 154.70 151.10 148.30 144.70 138.30 131.90
Monday, 25 July 2016

3. WEEKLY MCX CALL
BUY NATURAL GAS JUL ABOVE 188.30 TGT 193.40 SL 182.90
BUY GOLD AUG ABOVE 31115 TGT 31407 SL 30844
PREVIOUS WEEK CALL
BUY NATURAL GAS JUL ABOVE 188 TGT 192 SL 183 - NOT EXECUTED.
FOREX DAILY LEVELS✍
DAILY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
USDINR 29 AUG 2016 67.92 67.80 67.65 67.55 67.50 67.40 67.35 67.25 67.10
EURINR 29 AUG 2016 75.10 74.90 74.70 74.55 74.50 74.35 74.25 74.05 73.85
GBPINR 29 AUG 2016 92.80 91.45 90.15 89.25 88.80 87.90 87.45 86.10 84.75
JPYINR 29 AUG 2016 64.90 64.50 64.10 63.90 63.70 63.50 63.30 62.90 62.50
FOREX WEEKLY LEVELS✍
DAILY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
USDINR 29 AUG 2016 68.28 68 67.77 67.60 67.55 67.40 67.30 67.10 66.85
EURINR 29 AUG 2016 76.50 75.85 75.25 74.85 74.60 74.20 74 73.35 72.75
GBPINR 29 AUG 2016 93.10 91.65 90.25 89.30 88.80 87.90 87.40 86 84.55
JPYINR 29 AUG 2016 66.90 65.80 64.70 64.20 63.60 63.10 62.50 61.45 60.35
WEEKLY FOREX CALL
BUY GBPINR AUG ABOVE 89.75 TGT 90.67 SL 88.87
PREVIOUS WEEK CALL
BUY EURINR JUL ABOVE 74.86 TGT 75.40 SL 74.39 - NOT EXECUTED.

4. NCDEX DAILY LEVELS✍
DAILY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 OCT 2016 660 651 642 637 633 628 624 615 606
SYBEANIDR 20 OCT 2016 4044 3960 3876 3823 3792 3739 3708 3624 3540
RMSEED 19 AUG
2016
5248 5161 5074 5027 4987 4940 4900 4813 4726
JEERAUNJHA 19 AUG
2016
19910 19570 19235 19085 18890 1874
5
18550 18215 17871
NCDEX WEEKLY LEVELS✍
WEEKLY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 OCT 2016 671 658 645 638 632 625 619 606 593
SYBEANIDR 20 OCT 2016 4223 4078 3933 3852 3788 3707 3643 3498 3353
RMSEED 19 AUG
2016
5544 5346 5148 5064 4950 4866 4752 4554 4356
JEERAUNJHA 19 AUG
2016
21510 20660 19815 19375 18965 1852
5
18110 17260 16410
WEEKLY NCDEX CALL
SELL GUARSEED OCT BELOW 3740 TGT 3630 SL 3860
BUY MAIZERABI AUG ABOVE 1600 TGT 1670 SL 1530
PREIOUS WEEEK CALL
BUY MAIZERABI AUG ABOVE 1611 TGT 1700 SL 1524 - NOT EXECUTED.
BUY COCUDAKL AUG ABOVE 2625 TGT 2728 SL 2519 - TGT ACHEIVED.

5. MCX - WEEKLY NEWS LETTERS
GLOBAL UPDATE✍
 The data released from US yesterday showed that the Philly Fed manufacturing index in July hit -2.9,
a stark divergence from the 5.1 estimate The data released from Japan showed that the Flash
Manufacturing PMI came at 49.0 against 48.1 in June.
 Friday's U.S. manufacturing PMI numbers reflected the trend; the employment index hit the highest
since July last year. 
 U.S. drillers this week added oil rigs for a fourth consecutive week, according to a closely followed
report on Friday, with the recent return to the well pad expected to soften the decline in domestic
crude production.
BULLION✍
Gold rebounded from a three-week low after Bank of Japan Governor Haruhiko Kuroda’s dismissed the
use of so-called helicopter money as stimulus, pushing stocks lower and spurring demand for a haven.
Prices recovered towards $1333.9/ounce yesterday to end the session higher by 1.20 %. In today’s session
prices are trading nearly flat at $ 1327/ounce. Prices however are still down for the second consecutive
week The ECB held rates at record lows as it seeks to revive growth and inflation with cheap credit to the
economy. It left the door open to more policy stimulus, highlighting "great" uncertainty and abundant
risks to the economic outlook.reflecting tension between a global backdrop of easier interest rates and the
chance of U.S. monetary policy being tightened before the end of the year. Bullion has benefited
significantly - hitting its highest in two years this month - as central banks from Europe to Japan keep
policy looser for longer, which neutralizes the opportunity cost of holding an asset that does not pay
interest. But the dollar has gained on strong U.S. data, boosting bets the Fed will raise U.S. rates by year-
end. Friday's U.S. manufacturing PMI numbers reflected the trend; the employment index hit the highest
since July last year. The European Central Bank, meanwhile, held rates at record lows on Thursday but
left the door open to more policy stimulus. In U.S. politics, Donald Trump accepted the Republican
presidential nomination and vowed to be tough on crime and illegal immigrants in a speech on Thursday
BASE METAL✍
A stronger dollar knocked industrial metals prices on Friday while nickel was also hit as some investors
locked in profits from a recent rally. Aluminium bucked the weaker trend and ticked higher as industrial
consumers took advantage of recent declines to make purchases. A firmer dollar weighs on commodities
priced in the U.S. currency, making them more expensive for buyers using other currencies. Nickel has
been the top performer on the LME since June 1, surging 23 percent, boosted by concerns the Philippines
will intensify a crackdown on mining companies that do not meet environmental standards, potentially
putting at risk supply from the worlds' top exporter of nickel ore.Copper stocks for the same moved up
around 0.20%, while the cancelled warrants declined by more than a percent, which was negative for
prices China's exports of unwrought copper including copper alloy products stood at 42,615 tonnes in
June, nearly trebling from the same month a year earlier, Chinese customs data showed on Thursday

6. Exports for the first six months of 2016 were up 65.1 percent at 205,809 tonnes, the data showed.Nickel
stocks and cancelled warrants declined by around 0.50% and 0.90% respectively With adding up of new
miners list for mine closure in Philippine’s due to environmental issues, the same is enjoying support,
anticipating lower production figures and declined exports to China Imports of refined nickel, used in
stainless steel, surged 120 percent to 229,600 metric tons, including 37,013 tons in June, according to
Chinese customs data
ENERGY✍
Oil prices settled lower on Friday, losing 4 percent on the week, after the fourth weekly rise in the U.S. oil
rig count added to worries about a global crude glut. Aug contract MCX crude oil also went down by
around 2%, ending the session at Rs.3038/bbl.Crude futures were already down, with Brent at two-month
lows, on fears of more Iraqi supply before a report by energy services firm Baker Hughes showed U.S. oil
drillers added 14 rigs this week to bring the total rig count to 371. Earlier this week, the U.S. government
reported that domestic crude inventories were at 519.5 million barrels last week, historically high for this
time of year, even after a ninth straight week of drawdowns. On Thursday, traders said market intelligence
firm Genscape reported a build of 725,176 barrels in the latest week at the Cushing, Oklahoma delivery
point for U.S. crude futures. Falling oil prices have encouraged traders to send U.S. supplies to Europe,
counterbalancing 700,000 barrels per day in lost Nigerian supply. U.S., European and Asian oil product
stocks rose 2.35 million barrels last week for a second week of growth
Natural gas futures on Friday climbed to a two-week high on forecasts the hottest
weather of the year will blanket much of the country and on smaller-than-expected storage injections. The
gains put the front-month higher for the first week in three. Out West, Southern California Gas issued its
second notice this summer that it could be forced to curtail gas supplies to power generators if squeezed
by too much electricity demand from consumers cranking up air conditioners to escape the heat wave. The
U.S. Energy Information Administration said utilities added 34 billion cubic feet of gas into storage
during the week ended July 15, which was less than the 39 bcf analysts' consensus forecast in a Reuters
poll.
NCDEX - WEEKLY NEWS LETTERS
 Crop planting has jumped 23.8 % in the past one week, helped by heavy rains during the period, with
the current overall planting stands 3.28% higher than last year at 692.98 lakh hectare, official data
showed. The increase was largely seen in acreage of rice, pulses and coarse cereals. Water levels in
reservoirs have also risen significantly in the past month, providing more water for irrigation which is
good news for farmers. As of July 21, the water available in the 91 important.the water available in
the 91 important reservoirs was 54.419 billion cubic metres, which was higher than the 10-year
average of 52.050 bcm, according to data from the Central Water Commission. Rice currently covers
an area of 183.06 lakh hectare, an increase of 47.7% from last week. The acreage has largely seen an
increase in Maharashtra, Assam, Chhattisgarh and Punjab. This kharif season rice will be planted on
392.81 lakh hectare. Similarly, the area under pulses acreage rose to 26.9% from the past week, and
39.39% over the previous year in the same period to 90.17 lakh hectare. Planting of arhar has
increased more than 53% from last year. Higher planting was recorded in Maharashtra, Rajasthan and
Karnataka whereas Odisha, Uttar Pradesh and Jharkhand had lower area under cultivation. Area under

7. coarse cereals which includes maize, bajra, ragi, and small millets posted an increase of 23.4% in the
past one week to touch 130.80 lakh hectares
 kapas prices fell by more than 7% within a fortnight, the National Commodities and Derivatives
Exchange (NCDEX) has imposed special margin money of 5% on short side of all running Kapas
contracts from Tuesday (March 22) onward. exchange has taken this move to stop any further
downfall in kapas prices. "From a high of Rs 803.5/20 kg on March 7, kapas prices hit a low of Rs
741.5/20 kg on March 21. The special margin will help to curb the downfall in prices,"From a high of
Rs 803.5/20 kg on March 7, kapas prices hit a low of Rs 741.5/20 kg on March 21. The special
margin will help to curb the downfall in prices,
TURMERIC✍
At Nizamabad market, finger traded at Rs.8550/ql and bulb traded at Rs.8100/ql with arrivals at 1500
bags while at Erode, finger traded at Rs.8900-9100/ql and bulb traded at Rs.8400-8600/ql, with arrivals at
2500 bags, lower by 1700 bags Good demand at spot market due to fresh upcountry orders and
availability of good quality turmeric supported the gains. Sowing progress as on 20th July 2016 is at
30068 hectares in Telangana, lower by 4% compared to previous year sowing of 31279 hectares.
JEERA✍
At the Unjha market in Mehsana, jeera spot prices have increased and traded at Rs.19600/quintal.Total Jeera
arrivals at the Unjha spot market reported around 3000 bags. Stock positions at the NCDEX accredited
warehouses are 4952 tonnes and 234 MT are in process as on July 20, 2016.
✍ MAIZERABI
As Ukraine is the only country which can fulfill the requirement of non GMO corn and country’s production
may decline for the season which may affect the Indian imports of 5 lakh MTs corn.Total arrivals reported
around 1,230 MT at key markets in Karnataka, whereas spot price quoted at Rs. 1,665/quintal in Davengere
market. The international futures extended its losses during last trading session and at the end September
contract closed at 333.3 cents/bu, down by 1.41%.US Mid-West heat is likely to ease in early part of the August
and crops are pollinating now, so moisture demands are high and moderate temperatures are best for the crops, it
impacted negatively at futures market.As per news sources, China has sold 478,884 MT corn out of 3.2 million
MT on Thursday with an average price 1,541 Yuan/MT. And China‘s June corn imports drop to lowest in 4
months.
✍ GUARSEED
On spot front, total arrivals were reported around 130 MT at key markets in Haryana, whereas guar seed spot
price quoted at Rs. 3,700/quintal in Siwani market.Stock position of guar seed and guar gum at NCDEX
approved warehouses were reported 27,397 MT and 30,115 MT respectively as on 20 July 2016.

8. LEGAL DISCLAIMER
This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment
Advisor Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital
Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This
document is meant for the use of the intended recipient only. This document, at best, represents Ways2Capital
Equity/Commodities Research opinion and is meant for general information only. Ways2Capital
Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the
contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities
that may arise from information, errors or omissions in this connection. This document is not to be considered as
an offer to sell or a solicitation to buy any securities or commodities.
All information, levels & recommendations provided above are given on the basis of technical & fundamental
research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion.
People surfing through the website have right to opt the product services of their own choices.
Any investment in commodity market bears risk, company will not be liable for any loss done on these
recommendations. These levels do not necessarily indicate future price moment. Company holds the right to
alter the information without any further notice. Any browsing through website means acceptance of disclaimer.
DISCLOSURE
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.
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.

9. Disclosure Appendix:
The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt.
Ltd. All the views expressed in this report herein accurately reflects personal views about the subject company
or companies & their securities and no part of compensation was, is or will be directly or indirectly related to the
specific recommendations or views contained in this research report.
Disclosure in terms of Conflict of Interest:
(a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no financial interest in the subject
company and the nature of such financial interest;
(b) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of
one percent or more in the securities of the subject company,
(c) High Brow Market Research Pvt. Ltd. or its associate has no other material conflict of interest at the time of
publication of the research report or at the time of public appearance;
Disclosure in terms of Compensation:
High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to
analysts from owning securities of any company in the analyst's area of coverage.
Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd.
Disclosure in terms of Public Appearance:
(a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject
company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of
the research report.
(c) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of
the subject company;
(d) High Brow Market Research Pvt. Ltd. has never been engaged in market making activity for the subject
company.