Commodity Tips For Today

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We are Provide Research Calls On All Segments Of Share Market Like Commodity Market Tips, base metal, equity market, future & options, Mcx intraday tips, intraday trading calls as well as forex market.

GOLD NEWS

gold
Gold prices eased in Asia on Wednesday as investors eyed a key China manufacturing survey that came in weaker than expected and signaled possible weak demand for the precious metal. The Caixin Manufacturing index for September fell to 47, from the August level of 47.3, putting it at a 78-month low. Investors remain concerned that persistent weakness in the Chinese economy could continue to spillover onto markets outside Asia.   At the FOMC's September policy meeting, 13 of its 17 members predicted that the committee will raise short-term rate by at least 0.25% at some point this year.

BASE METAL

copper
LME copper touched a 4-week low of USD 5,036/mt during Asian trading hours on sell-offs and finally closed at USD 5,075/mt, slipping 3.41%, its largest single-day drop since July 7 this year. Overnight, pessimistic sentiment loomed market. US dollar surged, weighing down commodity prices. Volkswagen’s emissions scandal triggered worries about demand for auto and base metals. Meanwhile, investors showed concerns over China’s Caixin manufacturing PMI number due out Wednesday. LME copper should move in USD 5,030-5,100/mt during Asian trading hours.  

ENERGY NEWS

energy

Crude oil prices reversed early gains in Asia on Wednesday as weak China manufacturing estimates trumped U.S. industry data that showed a much larger than expected draw in U.S. stockpiles last week. The Caixin Manufacturing index for September fell to 47, from the August level of 47.3, putting it at a 78-month low. On Tuesday, the Asian Development Bank lowered its 2015 economic growth projections for China from 7.2% and 6.8%. American Petroleum Institute said crude stocks fell a whopping 3.7 million barrels last week, compared to an estimate of 700,000 barrels drop. Data on refined products was not immediately available.

BULLION & ENERGY

CS GOLD (OCTOBER) OVERVIEW:
gold 1
TREND : BEARISH
RESIST 2: 26550
RESIST 1: 26420
SUP 1: 26170
SUP 2: 25960
STRATEGY: SELL ON RISE

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Commodity News For Today

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We are Provide Research Calls On All Segments Of Share Market Like Free Commodity Tips, base metal, equity market, future & options, Mcx intraday tips, Mcx Commodity Tips Positional Calls as well as forex market.

GOLD NEWS

gold
Gold jumped in Asia on Friday after a tepid start as the Federal Reserve kept its benchmark interest rate steady in the face of global economic volatility. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery rose 1.20% to $1,130.40 a troy ounce. Overnight, citing the negative effects of global economic weakness on U.S. inflation, the FOMC voted to leave its benchmark Federal Funds Rate at its current level between zero and 0.25% on Thursday. Nearly a decade has passed since the U.S. central bank has last raised short-term rates.

BASE METAL

copper
LME copper kept fluctuating during European and US trading hours with closing price up USD 5/mt at USD 5,395/mt. Investors stayed wary ahead of the release of US interest rate meeting minutes. The earthquake in Chile gave no solid support to copper prices . US dollar ended down 1% following US interest rate meeting yesterday evening. But COMEX copper finally still slipped from highs despite the sliding dollar. US Fed announced to keep interest rate unchanged on the Sept.’s FOMC meeting overnight. LME copper meets resistance at highs and should move between USD 5,360-5,440/mt during Asian trading hours.  

ENERGY NEWS

energy

Crude oil prices eased in early Asia on Friday as investors took stock of the Federal Reserve decision to hold rates and comments on global economnic weakness. On the New York Mercantile Exchange, WTI crude for October delivery traded down 0.19% to $46.81 a barrel. On Thursday afternoon, the Federal Open Market Committee announced that it is keeping its benchmark Federal Funds Rate at its current level between zero and 0.25%, citing widespread concerns related to global economic weakness.

BULLION & ENERGY

gold 1
GOLD (OCTOBER) OVERVIEW:

TREND : BULLISH
RESIST 2: 26690
RESIST 1: 26520
SUP 1: 26250
SUP 2: 26170
STRATEGY: BUY ON DIPS

SILVER (SEPTEMBER) OVERVIEW:
silver-1
TREND : BULLISH
RESIST 2:36500
RESIST 1:36290
SUP1:35850
SUP2:35500
STRATEGY : BUY ON DIPS
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BULLION & ENERGY Market Trends For Today

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BULLION & ENERGY

GOLD (OCTOBER) OVERVIEW:
gold 1
TREND :BULLISH
RESIST 2: 27090
RESIST 1: 26940
SUP 1: 26200
SUP 2: 26000
STRATEGY: BUY IN DIPS
SILVER (SEPTEMBER) OVERVIEW:
silver-1
TREND : BULLISH
RESIST 2:36720
RESIST 1:36415
SUP1:35630
SUP2:35450
STRATEGY : BUY ON DIPS
CRUDE OIL (AUGUST) OVERVIEW:
crude oil
TREND :BEARISH
RESIST 2:2790
RESIST 1:2770
SUP1:2670
SUP2:2640
STRATEGY: SELL ON RISE
NATURAL GAS (AUGUST) OVERVIEW:
Natural-Gas
TREND :BULLISH
RESIST 2:185
RESIST 1:183
SUP1: 176
SUP2:174
STRATEGY: BUY ON RISE
BASE METAL
base metals
COPPER (AUGUST ) OVERVIEW:
TREND :BULLISH
RESIST 2:339
RESIST 1:337
SUP1:327
SUP2:325
STRATEGY: BUY ON DIPS
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AGRI COMMODITY MARKET TRENDS

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CS TURMERIC   (SEPTEMBER) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:7600
RESIST 1:7540            
SUP1:7360
SUP2:7220
STRATEGY:  BUY ON DIPS
==========================================

CS SOYABEAN (OCTOBER) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:3275
RESIST 1:3200
SUP1:3060
SUP2:2990
STRATEGY:  BUY ON DIPS
=========================================

CS CHANA  ( SEPTEMBER ) OVERVIEW:                         
TREND MIXED TO  BULLISH
RESIST 2:4650
RESIST 1:4600
SUP1:4480
SUP2:4425
STRATEGY:  BUY ON DIPS
==========================================

CS DHANIYA ( SEPTEMBER ) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:10560
RESIST 1: 10430          
SUP1:10200
SUP2:10100
STRATEGY:  SELL ON RISE

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Corporate News 12-Aug-2015

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http://www.capitalstars.com

·         Rajesh Exports marks record high
 Rajesh Exports gained by 9%, to Rs593, on gold, earnings optimism.Gold gained for a fifth session in a row on Wednesday to trade near a three-week high, benefiting from weaker equities after China’s devaluation of the yuan. Optimism is also seen ahead of its quarterly results on Thursday. The company had earlier bought world’s largest gold refiner Valcambi for $400 million. India’s jewellery exports are likely to quintuple to $40 billion if the controls are tightened.

·         Apollo Tyres to raise Rs2,000 crore debt to fund capex
Apollo Tyres revises its capital expenditure plans; seeks shareholder approval to raise Rs2,000 crore debt to fund capex. Apollo Tyres announced a further capacity expansion plan at its Chennai facility. As against the earlier plan to raise the capacity for truck and bus radial (TBR) tyres by 8,900 tyre per day the company now plans an expansion of 12,000 tyres per day which will entail an expenditure of Rs1,200 crore.
The company is seeking shareholder approval to raise Rs2,000 crore debt vide Term loans or NCDs of up to 1,000 crore.
                                                                                
·         Gayatri Projects synchronizes 2nd unit 660MW of JV
Gayatri Projects – Synchronization of second unit 660MW of JV Thermal Powertech Corporation – Positive for Gayatri Projects.Thermal Powertech Corporation (JV between Gayatri Energy Ventures and SembCorp Utilities) has synchronized its second unit of 660MW with the grid. The commercial operations of the second unit is expected during September 2015. The plant’s first unit of 660MW was synchronized in December 2014 and started commercial operations in February 2015. The development is positive for Gayatri Projects showcasing its ability in power generation projects apart from EPC execution.

·         Cox & Kings plan to list PGL and Meininger to unlock value
Cox & Kings (CKL) plans to list its UK-based education travel subsidiary PGL and German hotel arm Meininger Shared Services GmBH in the next few years to unlock potential for shareholders. However the company will retain majority stake of 60-65% in both the companies. The management of CKL is confident of getting valuation of 15x EV/EBIDTA for its education, which value it at Rs3930crore (85% of the current market of CKL). This is positive read through for the stock.

·         Cadila receives USFDA approval to market Amiloride Hydrochloride
Cadila has received the final approval from the USFDA to market Amiloride Hydrochloride Tablets UPS 5 mg. The drug falls in the diuretics segment. Positive for the company

·         L&T set to bag Rs530-crore contract from Indian Army
L&T is set to bag a Rs530-crore contract to manufacture new bridges for the Indian Army. The report indicate that Army has moved a proposal to purchase over 100 new short span bridges and the project is likely to be given a nod by the defence ministry soon. The 'short span bridge' contract could be awarded to L&T on a single vendor basis as per media report – positive read thru                                                                                                                                                                                                                                            
·         KEC International rises on securing new orders of Rs838 crore
Shares of KEC International rose 3% to Rs153 on the NSE in an otherwise weak market after the company secured new orders of Rs838 crore in its Transmission & Distribution and Cables businesses.
Transmission & Distribution Business secured orders in India, Bhutan and the Americas amounting to Rs778 crore, while, the  cables business secured orders of  Rs60 crore for the supply of Power and Telecom Cables. – Positive read thru.

·         Claris surges on approval for Furosemide injection in US
Shares of Claris Life sciences rose 8% to Rs 238 on the BSE after the company announced that it has received the Prior Approval Supplement (PAS) for Furosemide injection in the United States of America (US).
The company received the original approval for this Abbreviated New Drug Application (ANDA) in January 2014 and was selling the products in the USA in 2014. But, since January 2015, the company has been facing supply issues from its raw material supplier and has not been able to supply its products to the USA.
                                                    
·         Shoppers Stop wins Quality Excellence Award
Shoppers Stop has won 'QUALITY EXCELLENCE AWARD - Supply Chain Sustainability' for the company's supply chain team at the World Quality Congress. Last week, the company has entered into an exclusive strategic partnership with e-commerce firm Snapdeal to expedite its omni channel strategy.
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Agri Commodity Market News For Today

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COMMODITY
CS TURMERIC   (SEPTEMBER) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:7600
RESIST 1:7420            
SUP1:7080
SUP2:6930
STRATEGY:  SELL ON RISE
-----------------------------------------

CS SOYABEAN (OCTOBER) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3190
RESIST 1:3130
SUP1:3020
SUP2:2970
STRATEGY:  SELL ON RISE
-----------------------------------------

CS CHANA  ( SEPTEMBER ) OVERVIEW:                         
TREND MIXED TO  BEARISH
RESIST 2:4565
RESIST 1:4450
SUP1:4270
SUP2:4165
STRATEGY:  SELL ON RISE
----------------------------------------

CS DHANIYA ( SEPTEMBER ) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:10910
RESIST 1: 10580          
SUP1:10030
SUP2:9810 
STRATEGY:  SELL ON RISE

WWW.CAPITALSTARS.COM +917316790000
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INDIAN BENCHMARKS 07-Aug-2015

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INDIAN BENCHMARKS  are likely to open on a cautious note as the global cues look mixed with SGX Nifty trading  14 points lower.                                                  
                                      
Headlines for the day:
  • Motherson Sumi Q1 below street estimates
  • Polaris Consulting Q1 consolidated net profit drops 9% (YoY)
  • JP Power posts Q1 net profit at Rs65 cr (YoY)

Trend in FII flows: The FIIs were net  buyers of Rs  108.93 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs   - 111.78 Cr, as per the provisional figures released by the NSE.
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