Wednesday, 20 September 2017

Commodity Market Live News :- Mentha oil futures up on increasing demand


Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Mentha oil on MCX settled down by -1.55% at 1167.3 tracking weakness in spot demand on higher supply. Prices of mentha oil were down on higher supplies from oil producing regions while the demand is sluggish.


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At the MCX, mentha oil futures for September 2017 contract was trading at Rs 1171.10 per kg, up by 0.33 per cent, after opening at Rs 1164.60, against the previous closing price of Rs 1167.30. It touched the intra-day high of Rs 1171.10.

                            Trading Ideas

  1. Menthaoil trading range for the day is 1150.9-1190.7.

  2. Mentha oil spot at Sambhal closed at 1339.20 per 1kg. Spot prices was down by Rs.-14.10/-.

  3. Mentha oil ended with losses tracking weakness in spot demand on higher supply.

  4. Prices of mentha oil were down on higher supplies from oil producing regions while the demand is sluggish.

  5. Stock positions of mentha in MCX accredited warehouses were around 10790 drums which is 301 drums less in comparison to previous day.

Tuesday, 19 September 2017

TODAY JEERA MARKET NEWS &CALLS UPDATE

Jeera trading range for the day is 19235-20055. Jeera on NCDEX settled down by -0.53% at 19565 on profit booking after price seen supported last week as stocks in producing as well as in consumption centers are stated to be poor due to fall in output. Expectations of good monsoon withdrawal rainfall in growing states may boost soil moisture ahead of sowing activities. India's 2016-17 jeera output fell to 489,000 ton from 503,000 ton a year ago, agriculture ministry data showed.

CALLS:- BUY JEERA OCT ABOVE 19710 TARGET 19750-19800-19900 WITH SL 19550

 

Above normal rains in Gujarat and Rajasthan coupled with higher prevailing prices may help farmers to bring more area under jeera in the next season. The National Commodity & Derivatives Exchange (NCDEX) has issued a clarification saying 62 % of the total stock to the exchange-registered warehouses in Unjha, Gujarat, matched up to its quality standards after concerns were raised over the dispatch of sub-standard jeera by traders.

 

India's 2016-17 jeera output fell to 489,000 ton from 503,000 ton a year ago, Agriculture Ministry data showed. In Unjha, a key spot market in Gujarat, jeera edged down by -20 Rupees to end at 19231.65 Rupees per 100 kg.Technically market is under fresh selling as market has witnessed gain in open interest by 3.09% to settled at 10716 while prices down -105 rupees, now Jeera is getting support at 19400 and below same could see a test of 19235 level, And resistance is now likely to be seen at 19810, a move above could see prices testing 20055.

                         Trading Ideas

  1. Jeera trading range for the day is 19235-20055.

  2. Jeera dropped on profit booking after price seen supported last week as stocks are stated to be poor due to fall in output.

  3. India's 2016-17 jeera output fell to 489,000 ton from 503,000 ton a year ago, Agriculture Ministry data showed.

  4. NCDEX accredited warehouses jeera stocks gained by 284 tonnes to 3505 tonnes.

Monday, 18 September 2017

COMMODITY MARKET :- SILVER MARKET NEWS UPDATE

Silver on MCX settled down -0.79% at 40814 as investors shrugged off a rise in geopolitical uncertainty that followed after North Korea launched a missile over Japan while growing expectations that the Federal Reserve will hike rates later this year kept the precious metal on track for a weekly loss. 

Silver futures were trading lower during the afternoon trade in the domestic market on Monday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.

 

At the MCX, silver futures for December 2017 contract was trading at Rs 40529 per kg, down by 0.70 %, after opening at Rs 40,667, against a previous close of Rs 40,814. It touched the intra-day low of Rs 40,500.

                            Trading Ideas

* Silver trading range for the day is 40453-41369.

*Silver dropped as investors shrugged off a rise in geopolitical uncertainty that followed after North Korea launched a missile over Japan.

Saturday, 16 September 2017

11 साल बाद हटा दालों के एक्सपोर्ट से बैन


सरकार ने 10 साल बाद अरहर, मूंग और उड़द दाल के एक्सपोर्ट पर से रोक हटा दी है। अब एपीडा में रजिस्ट्रेशन के बाद एक्सपोर्टर दाल का एक्सपोर्ट कर सकेंगे। सरकार ने प्रोसेस्ड दाल के एक्सपोर्ट की इजाजत दी है। इसका मतलब ये हुआ कि खड़ी दलहन का एक्सपोर्ट नहीं होगा बल्कि दरी हुई दाल का ही एक्सपोर्ट हो सकेगा। सरकार के इस कदम से किसानों के साथ दाल मिलों को भी फायदा होगा।

 

आपको बता दें कि कर्नाटक और मध्य प्रदेश में नई मूंग की आवक शुरू हो गई है लेकिन जोरदार उत्पादन की वजह से कीमतें एमएसपी से करीब 1,000-1,500 रुपये नीचे है। भारत से दाल एक्सपोर्ट पर साल 2006 से ही रोक थी।

 

शेयर बाजार समाचार और शेयर के उतार चढ़ाव तथा इन्वेस्टमेंट के लिए विसिट करे www.marketmagnify.com या फोन करें 7879881122.

Thursday, 7 September 2017

India's 2017/18 sugar output seen up 24.2 %

India's sugar output is expected at 25.1 million tonnes in the year beginning October, up 24.2 % from the 2016/17 season, an industry source said on Thursday.

Higher output will help India, the world's biggest consumer of the sweetener, obviate import needs in the next season.

After letting mills import half a million tonnes of duty-free raw sugar this year, the government is soon expected to allow imports of another 200,000 tonnes at an import duty of 25 %.


Wednesday, 6 September 2017

कच्चा तेल फिसला, सोने में नरमी

ऊपरी स्तरों पर क्रूड में अब थोड़ी नरमी का रुख नजर आ रहा है। नायमैक्स पर डब्ल्यूटीआई क्रूड 0.15 फीसदी फिसलकर 48.6 डॉलर पर कारोबार कर रहा है। ब्रेंट क्रूड का दाम 0.4 फीसदी गिरकर 53.2 डॉलर पर आ गया है।

 बहुमूल्य जानकारी के लिए धन्यवाद , शेयर बाजार समाचार और शेयर के उतार चढ़ाव तथा इन्वेस्टमेंट के लिए विसिट करे www.marketmagnify.com या फोन करें 7879881122.

सोने में भी हल्की नरमी का रुख है। कॉमैक्स पर सोना सपाट होकर 1344.3 डॉलर पर कारोबार कर रहा है। वहीं, कॉमैक्स पर चांदी 0.15 फीसदी की बढ़त के साथ 18 डॉलर पर कारोबार कर रही है।

 

  1. सोना एमसीएक्स (अक्टूबर वायदा) : खरीदें - 30150, स्टॉपलॉस - 30070 और लक्ष्य - 30320.

  2. कच्चा तेल एमसीएक्स (सितंबर वायदा) : खरीदें - 3100, स्टॉपलॉस - 3060 और लक्ष्य - 3180.