INDIAN COMMODITY MARKET OUTLOOK-04 MARCH 2014

INDIAN BENCHMARK opened flat tracking mixed global cues. World markets were dragged down by the worsening crisis in Ukraine a day earlier. IOC plans to acquire stakes in LNG terminals at Mundra and Dahej in Gujarat and Dighi in Maharashtra.

 
FURTHER, DLF is once again being investigated by the Competition Commission of India for allegedly misusing its dominant position in the market by drafting a one-sided agreement with the buyers of flats in its New Town Heights project in Gurgaon.IDBI Bank plans to raise up to $300 million through Basel-III-compliant bonds by the end of March.

Trend in FII flows: The FIIs were net buyers of Rs.198cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net buyers of Rs. 1566cr, as per the provisional figures released by the NSE.

 

 For More info contact at

 +91-731-6662200; 09907222727
http://www.capitalstars.com/services.php
indore, madhya pradesh, India, MARCH 04,2014-(capitalstars.com)

commodity future Price advisory

Gold could slip to $1308, Silver buying opportunity at $20.87

Investors were looking ahead to testimony by Federal Reserve Chair Janet Yellen on Thursday for insight as to whether or not the U.S. central bank will maintain the current pace of reductions to its stimulus program.

NEW YORK (Commodity Online): 

Mixed trend is seen in US gold futures in Asian trading hours after witnessing a fall on Wednesday night as US Fed Reserve is likely to continue with its tapering measures. US Gold futures for April delivery rose to $1331.3 before falling to $1329 an ounce.

According to TFF Market Analysis based on XAU/USD:"The correction we have been anticipating and hoping for over the past few sessions is underway. Silver had been underperforming recently and GDX and its junior have both been sluggish after strong January and February rebounds. As long as the momentum continues tomorrow Silver is fast approaching our next recommended buy order at $20.87. The action today for GDX and GDXJ suggests this should happen."

Gold has failed to rise to $1355 resistance levels and RSI has fallen from 71 levels to 66 levels on daily charts signifying selling at higher levels. MACD remains in positive territory raising hopes of prices moving up to $360 levels although a break of support level downwards can push prices to below $1300, 

Oil inventories were up this week but at a much lower level than forecast. A good day for crude as Gold and Silver start an inevitable downward correction. This could well continue over the coming few sessions but we believe the best money is to be made by accumulating Silver during any pullback and we therefore do not see any useful opportunities to put any money to work in crude at this time in either direction.

COMMODITY MARKET TRENDS 28 FEB. 2014

BASE METAL WRAP: Copper advanced for the first time this week, paring a monthly drop, on concern that mine supplies will decline from Indonesia and stockpiles continued shrinking.
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11300
SUP2:11275
RESIST1:11900
RESIST2:12170
TRADING STRATEGY: BUY ON DIPS
CAPITALSTAR0S.COM +919200099927

ENERGY WRAP: West Texas Intermediate crude fell for a second day, trimming a monthly gain. Brent swung between gains and losses in London.
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6770
SUP2:6610
RESIST1:7140
RESIST2:7370
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: Gold headed for the first back-to-back monthly gain since August as concern that the U.S. recovery may be losing momentum and turmoil in emerging markets boosted haven demand. Assets in bullion-backed exchange-traded products were set for the first monthly increase in 14 months.
CS SOYABEAN (MARCH) OVERVIEW:
TREND BULLISH
SUP1:4085
SUP2:4020
RESIST1:4220
RESIST2:4276
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: ANZ Business Confidence, CPI Flash Estimate y/y, FOMC Member Fisher Speaks, GDP m/m, Prelim GDP q/q, Prelim GDP Price Index q/q, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, Pending Home Sales m/m, FOMC Member Kocherlakota Speaks, FOMC Member Stein Speaks, BOE Gov Carney Speaks.
CS CHANA (APRIL) OVERVIEW:
TREND BULLISH
SUP1:2960
SUP2:2910   
RESIST1:3200
RESIST2:3230
TRADING STRATEGY:BUY ON DIPS   
CAPITALSTARS.COM+919977499927

INDIAN EQUITY MARKET OUTLOOK-28 Feb 2014

INDIAN BENCHMARK have started the trading session on a higher note with Sensex and Nifty gaining by nearly 0.5% each. The government will unveil data on gross domestic product (GDP) for Q3 December 2013 after trading hours today.

FURTHER, Tech Mahindra said it has signed an agreement to acquire the IT and consultancy services business of chemical giant BASF in a bid to strengthen its presence in Western Europe. Reliance Industries is fearing that it may be compelled to shut down production from KG-D6 block in the absence of an agreement on the price of gas.

Trend in FII flows: The FIIs were net buyers of Rs.511cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 251cr, as per the provisional figures released by the NSE.

 

 Capitalstars provide u to 25 % Flat offer in our premium services . So visit on given below link and make more and more capital on our slow investment.Take our 2 days free trials, for Free Share Market Trading Tips, Free Nifty Trading Tips,share market tips,Free Intraday tips on your mobile with 95% accuracy and earn 90% more profit in India stock market and indian commodity market.
http://commoditytipsproviderindore.blogspot.com

 

commodity and agri market trends

Free Nifty Trading Tips,share market tips,Free Intraday tips on your mobile with 95% accuracy and earn 90% more profit in India stock market and indian commodity market.
http://www.capitalstars.com/services.php

COMMODITY MARKET TRENDS 26 FEB. 2014

BASE METAL WRAP: Copper traded near a three-week low after a report showed flagging U.S. consumer confidence and amid concern that China’s growth is slowing, damping demand prospects from the world’s two biggest users.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6270
SUP2:6150
RESIST1:6355
RESIST2:6470
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

ENERGY WRAP: West Texas Intermediate traded near the lowest price in more than a week. An industry report showed stockpiles declined at the delivery point for U.S. crude contracts. Brent was little changed.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29750
SUP2:29630
RESIST1:30300
RESIST2:30520
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: Gold traded near a 17-week high as investors weighed U.S. economic data that missed estimates against weaker physical demand at higher prices.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:46700
SUP2:45850    
RESIST1:49240
RESIST2:50400
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: Second Estimate GDP q/q, New Home Sales, Crude Oil Inventories.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:442
SUP2:440
RESIST1:450
RESIST2:453
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

 

Capitalstars provide u to 25 % Flat offer in our premium services . So visit on given below link and make more and more capital on our slow investment.Take our 2 days free trials, for Free Share Market Trading Tips, Free Nifty Trading Tips,share market tips,Free Intraday tips on your mobile with 95% accuracy and earn 90% more profit in India stock market and indian commodity market.
http://www.capitalstars.com/services.php
 

Providing excellent services for MCX tips

 

We are Providing excellent services for MCX tips. we have more and accurate research team. We offer 25% discount on our premium services. We provide 2 days Free trial to our client for intraday commodity tips, stock tips, Trading Tips and stock Market Tips.
For More call on +91-731-6662200;09907222727
http://www.capitalstars.com/services.php

Silver may post moderate gains in H1, demand strong

Silver fabrication demand is expected to witness moderate recovery in 2014 due to slowdown in economic slowdown in China. Silver fabrication demand has been weak in 2011 and 2012 due to higher prices after attaining a..

 

MUMBAI (Commodity Online): 

Silver may witness moderate gains in first half of 2014 as US Fed tapering and slowdown in China will impact market sentiments in the precious industrial metal, according to Nirmal Bang Commodities & FX Year Book 2014.

Silver prices have fallen sharply from $32/ounce to $18.50/ounce, a correction of more than 40% in a year. Silver has higher beta than gold, thus in line with correction in gold, silver too crashed in 2013. The major fundamental reasons for correction in silver were massive surplus, diminishing demand prospects and correction in gold prices. Silver market is in a major surplus since the start of 2012 and it continues to surge. Surplus in silver has been growing at a rapid pace since the start of 2012. The total cash cost of silver mines is expected to be around $9/ounce. But since only 23% total silver production comes from direct silver mine, it’s unimportant.

Silver fabrication demand is expected to witness moderate recovery in 2014 due to slowdown in economic slowdown in China. Silver fabrication demand has been weak in 2011 and 2012 due to higher prices after attaining a peak in 2010. Positive manufacturing data from across the globe may lead to increased fabrication demand.

Curbs on India gold imports helped raise demand for silver in jewellery indsutry. India's imports rose to 4073 tons from January to August 2013 as against total imports of 1921 tons in 2012. Jewellery fabrication demand is expected to rise 6% in 2014.

 ----------------------------------------------------------------------------------

Free commodity tips on your mobile with 95% accuracy and earn 90% more profit in India stock market and indian commodity market.
For More call on +91-731-6662200;09907222727
http://www.capitalstars.com/services.php

  

2 days free trials

 Capitalstars a financial advisory company.We provide Free stock tips on your mobile with 95% accuracy and earn 90% more profit in India stock market and indian commodity market. We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Commodity Tips, MCX Tips, Intraday Tips, Stock Tips and Intraday Market Tips, Share Market Trading Tips. We are Providing excellent services for Stock tips. we have more and accurate research team. We offer 25% discount on our premium services.
http://www.capitalstars.com/services.php

We provide 2 days Free trial to our client for intraday commodity tips stock tips, and stock Market Trading Tips.

For More call on +91-731-6662200;09907222727

COMMODITY MARKET TRENDS 25 FEBRUARY 2014

BASE METAL WRAP: Copper fell the most in three weeks in New York after Shanghai Securities News reported that some banks in China are curbing real-estate loans, signaling slower demand growth from the world’s largest metal-consuming country.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6325
SUP2:6280
RESIST1:6477
RESIST2:6582
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

ENERGY WRAP: West Texas Intermediate swung between gains and losses near $103 a barrel amid speculation crude stockpiles at Cushing, Oklahoma, fell as cold weather boosted fuel demand in the world’s biggest oil consumer.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29750
SUP2:29630
RESIST1:30300
RESIST2:30520
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
 
PRECIOUS METAL WRAP: Gold traded near a 16-week high even as some investors deemed the rally excessive on expectations the Federal Reserve will keep its plan to reduce U.S. stimulus.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:46700
SUP2:45850   
RESIST1:49240
RESIST2:50400
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: S&P/CS Composite-20 HPI y/y, HPI m/m, CB Consumer Confidence, Richmond Manufacturing Index, FOMC Member Tarullo Speaks.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:442
SUP2:440
RESIST1:450
RESIST2:453
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

Gold march may continue upto $1555 levels near term

At India's Multi Commodity Exchange, gold futures for April delivery has been trading range bound in 30,000 levels ocassionally falling to 29800 levels last week.

 

LONDON/MUMBAI (Commodity Online): 

US gold futures rallied to a high of$1339 an ounce before falling bak to $1334 an ounce on profit booking and investor expectations that Federal Reserve will go ahead with its plans to reduce stimulus measures.

At India's Multi Commodity Exchange, gold futures for April delivery has been trading range bound in 30,000 levels ocassionally falling to 29800 levels last week.

China has overtaken India as the largest gold consumer in 2013, however, gold demand may weaken as higher prices have impacted market senitments this week analysts said. Volumes for the benchmark contract on the Shanghai Gold Exchange declined for a second day and the metal for immediate delivery has traded at a discount to London prices since February 20, Bloomberg reported.

In Asian trade on Tuesday, Gold is seen volative over worries that Ukraine could plunge into a sovereign debt default and that the likelihood of stimmulus measures being tapered in USA. 

"On daily charts, an RSI 71.69 suggests rally could be overdone but a break of 1330 resistance provides momentum for a further push to 1355 levels in the near term. MACD is in positive territory providing further support to gold,"

Meanwhile, silver for May delivery fell 0.15% at US$21.000 a troy ounce, while copper futures for May delivery were down 0.05% at US$3.230 a pound.

Base metals vulnerable to short-covering rallies,investor interest not strong in Silver

Buying Nickel on dips is advised although analysts are surporsed on lack of movement in prices which could be due to market complacency with regard to the Indonesian ore export ba

LONDON (Commodity Online): 

Short positions have increased sharply in Copper, nickel and Zinc which makes it vulnerable to short covering rallies should there be upside data surprises, according to a weekly report from Barclays.

"Time spreads across the metals have continued to tighten alongside the build in short positions. The LME copper cash to three-month spread is trading at a $43/tn backwardation with two sizeable copper short positions in the March contract. It will be interesting to see whether these positions are physically delivered against," Barclays noted.

Buying Nickel on dips is advised although analysts are surporsed on lack of movement in prices which could be due to market complacency with regard to the Indonesian ore export ban. "Now that the ban is in place and raw material is no loger leaving Indonesian shores, its effect is slowly beginning to to be felt. Physical market indicators are starting to show a moderate increase in NPI and Chinese port ore stock prices, while in copper the lack of concentrate exports is contributing to the decline in spot treatmennt and refining charges. After hitting a high of $130/ton and 13 pounds/lb, recent bids for clean concentrate have been as low as $80/ton and 8 pounds/lb.

Silver rally

The silver was accompanied by a build up physically backed exchange traded funds, short covering activity and firmer volume traded in Shanghai Gold Exchange. ETP holdings recorded their largest daily inflow in a month in the second week of February and have risen by 125 last week, Barclays report said.

"Although industrial demand has shown signs of improving, investor sentiment has yet to move markedly in silver’s favour. In our view, silver’s catch-up with gold looks likely to be short-lived without retail investment support."

Activate MCX Free Trial, Just Give a MISSCALL to 09907222727 MCX Gold, Silver, Crude, Copper, Zinc, Lead, Nickel, Natural gas Buy & Sell Tips Free Trial. For More info contact at +91-731-6662200; 09907222727
http://www.capitalstars.com/services.php
 

Zinc: Bullish fundamentals to start impacting markets in 2014

The other part to the supply picture is China, where growth is slowing sharply. After years of double-digit percentage growth, mine production grew only 4% in 2013. That’s even slower than the official data sugg..

LONDON (Commodity Online): 

The long anticpated supply tightening in zinc is emerging as recent zinc mine corporate data suggests, according to Barclays Plc.

Barclays which tracks close to 20% of global supplies reported that major zinc producers have reported 4% lower production on a year on year basis with ouput contracting at half the mines.

"During 2013, zinc performed fairly better than its peers from the base metals complex, fetching a marginal negative return of 0.57%. In the year 2011, zinc prices plummeted by 24%, the most among other base metals on the back of supply surplus and high legacy inventory," according to Nirmal Bang Commodity Year Book 2014.

At India's Multi Commodity Exchange, Zinc for February delivery has fallen from a high of Rs 130.35 last week to Rs 126.40 on Monday trading.

Mine supply data

-GlencoreXstrata's Q4 13 results show production dropped 9% y-o-y t due to shuttering of two big mins Perseverance and Brunswick.
-Blackthorn Resources has suspended open pit opertions because of weak metal prices and unaccpetable financial results.
-Data from the International Lead and Zinc Study Group (ILZG) this week further illustrated the softer ex-China production performance: ex-China mine production did not grow at all in 2013.

The other part to the supply picture is China, where growth is slowing sharply. After years of double-digit percentage growth, mine production grew only 4% in 2013. That’s even slower than the official data suggest; NBS data show Chinese production up 9% y/y. In the past, Chinese production tended to surprise to the upside, and that certainly remains a risk

.

 Activate MCX Free Trial, Just Give a MISSCALL to 09907222727
MCX Gold, Silver, Crude, Copper, Zinc, Lead, Nickel, Natural gas Buy & Sell Tips Free Trial. For More info contact at +91-731-6662200; 09907222727
http://www.capitalstars.com/services.php

INDIAN COMMODITY MARKET OUTLOOK-24 FEB 2014

INDIAN BENCHMARK have negative start and may weaken further as the day progress given the negative vibes from the global equity markets. Investor attention on the F&O expiry which happens on Wednesday and on macro economic data including the fiscal deficit data.

FURTHER, United Bank of India, stricken by bad debt, may be bracing for worse as the state-owned lender is looking into the possibility of Rs8bn having been disbursed at one of its branches in New Delhi without making sure of collateral. NTPC will set up a 1,320 MW power project in Bihar entailing an investment of Rs92bn. In this regard, a Memorandum of Understanding was inked between NTPC, Bihar State Power Generation Company Ltd and Lakhisarai Bijlee Company Private Ltd.

Trend in FII flows: The FIIs were net buyers of Rs.603cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 381cr, as per the provisional figures released by the NSE.

We are Providing excellent services for Stock tips. we have more and accurate research team. We offer 40% discount on our intraday services. We provide 2 days Free trial to our client for intraday commodity tips stock tips, and stock Market Trading Tips.
For More call on +91-731-6662200;09907222727
http://www.capitalstars.com/services.php

NCDEX MoU with India Pulses and Grains Association for market efficiency initiatives

 

The MOU was signed during the Pulses Conference 2014 being held in Goa, which was attended by the trade fraternity including the members of the IPGA.

MUMBAI (Commodity Online):

NCDEX – the leading commodities futures exchange in agri commodities and ferrous metals in India, has signed a Memorandum of Understanding with India Pulses and Grains Association (IPGA) to work in collaboration for increasing effectiveness of trade tools including lifting of trading restrictions through continuous dialogue with regulator and policymakers. The MOU was signed during the Pulses Conference 2014 being held in Goa, which was attended by the trade fraternity including the members of the IPGA.

The key initiatives to be undertaken would be:-

-Facilitating and recommending measures to increase trade efficiencies and price discovery in pulses and grains, with the vision to put India on the world map of pulses and grains.

-Joint training workshops on hedging to be conducted for members, who will be kept updated on developments in the futures market by the Exchange.

-Research studies including trend analysis, crop surveys and field studies aimed at understanding and recommending solutions to overcome key challenges faced by the industry

-Efforts made to educate stakeholders about the benefits of the transparent, online spot platform of the Exchange (NSPOT)

Speaking on the development, Mr. Samir Shah, MD & CEO, NCDEX said “Over the last ten years, NCDEX has immensely contributed to the development of primary and derivatives markets in this country. With regards to this, once again we take an initiative to promote the pulses production and trade in India by joining hands with IPGA, an apex body to closely work and find out improved and industry friendly solutions. India being the largest producer as well as importer and consumer of pulses is yet to achieve self sufficiency in it. Hence this co-ordinated effort will help us achieve success in developing a market for pulses and grains”.

Mr. Praveen Dongre, Chairman, India Pulses and Grains Association said “The Memorandum of Understanding that IPGA and NCDEX have signed is the beginning of a series of promotional initiatives aimed at improving market efficiency and infusing global competitiveness to Indian pulses and grains. This MoU is the logical culmination of the synergy between the Association whose members are an integral part of the physical market and the Exchange, a premier provider of price risk management services”

World Crude Steel production falls 0.4% in Jan

 

China’s crude steel production for January 2014 was 61.6 Mt, down by -3.2% compared to January 2013. Elsewhere in Asia, Japan produced 9.4 Mt of crude steel in January 2014, an increase of 6.1% over January 2013..

BRUSSELS (Commodity Online): 

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 130 million tonnes (Mt) in January 2014, a decrease of -0.4% compared to January 2013.

China’s crude steel production for January 2014 was 61.6 Mt, down by -3.2% compared to January 2013. Elsewhere in Asia, Japan produced 9.4 Mt of crude steel in January 2014, an increase of 6.1% over January 2013. South Korea’s crude steel production was 6.0 Mt in January 2014, up by 1.9% on January 2013.

In the EU, Germany produced 3.7 Mt of crude steel in January 2014, an increase of 2.2% compared to January 2013. Italy produced 2.2 Mt of crude steel, up by 27.8% compared to January 2013. Spain’s crude steel production was 1.1 Mt, an increase of 11.1% on January 2013. The UK produced 1.1 Mt of crude steel, up by 31.5% compared to January 2013.

Turkey’s crude steel production for January 2014 was 2.8 Mt, down by -0.9% on January 2013.

In January 2014, Russia produced 5.9 Mt of crude steel, an increase of 4.1% compared to the same month 2013. Ukraine’s production was 2.5 Mt in January 2014, down by -13.5% on January 2013.

The US produced 7.3 Mt of crude steel in January 2014, down by -0.5% on January 2013.

Brazil’s crude steel production for January 2014 was 2.7 Mt, a decrease of -1.4% compared to January 2013.

The crude steel capacity utilisation ratio for the 65 countries in January 2014 was 74.4% and it is 2.5 percentage points lower compared to January 2013. It is 0.2 percentage points higher than December 2013.

Soybean: India-global market divergence seen, weather a key factor now

 

Support levels for Soybean March contract at National Commodity and Derivatives Exchange (NCDEX) is seen at Rs 3700,3850 while resistance is seen at Rs 4120, 4250.

 

MUMBAI (Commodity Online): 

Soybean price trends in India and global markets have been divergent since the beginning of the season in October 2013 with gains witnessed in Indian markets, while global markets have been under pressure.

Angel Commodities in a monthly update on soybean said that Indian market will now follow global trends while weather in Argentina and Brazil will have a major impact on prices.

Support levels for Soybean March contract at National Commodity and Derivatives Exchange (NCDEX) is seen at Rs 3700,3850 while resistance is seen at Rs 4120, 4250.

Global production of soybeans is estimated at 287 mn tons for 2013-14 season, a gain of 7.2% over 2012-13.

US harvest is already over and estimated at 89.5 mn tons. Brazil and Argentina's harvest may be impacted by adverse weather conditions.

From the consumption side, China continues to be a major factor having imported 59.9 mn tons in 2012-13 (October to September) while 2013-14 figures may have only increased. Robust increase in world production may offset the China demand thus keeping prices under check. Upside support is being provided by concerns on Souther American crop.

Supplies in the domestic markets have dwindled significantly while exports have remained subdued. However, recovery in the international markets and rising concerns over South American soy crop may encourage soy meal exports from the India in the months to come. Upward trend shall continue during the rest of February and early march.

Thereafter, prices will take cues from prevailing weather conditions in Argentina and Brazil. If weather turns conducive in the coming weeks, harvest shall commence in full pace in these nations and will then exert downside pressure on the prices. On contrary, if erratic weather conditions persist, then prices will continue to trade higher and a spillover effect of the same could be seen on the domestic soybean prices.

COMMODITY MARKET TRED 21 FEB. 2014

BASE METAL WRAP: Copper futures fell to a one-week low after manufacturing shrank more than estimated in China and some Federal Reserve officials advocated further curbing of U.S. economic stimulus.
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:7100
SUP2:6890
RESIST1:7470
RESIST2:7530
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

ENERGY WRAP: West Texas Intermediate crude headed for a sixth weekly gain as cold weather in the U.S. bolstered demand for heating fuels in the world’s biggest oil consumer. Brent in London is poised to advance for the week.
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11450
SUP2:11275
RESIST1:11900
RESIST2:12170
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: Gold futures fell for the second straight day as concern that the Federal Reserve will press on with cuts in U.S. monetary stimulus damped demand for the metal as an alternative asset.
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:3965
SUP2:3908
RESIST1:4045
RESIST2:4140
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Core CPI m/m, Core Retail Sales m/m, Existing Home Sales.
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:2950
SUP2:2875   
RESIST1:3090
RESIST2:3124
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM  +919977499927

Rising Crude Oil prices a worry for Indian economy, CAD may rise

India's import prices for crude oil has climbed from $104 a barrel in the last fortnight of January to $107.84 as on February 19, according to Ministry of Petroleum and Natural Gas.

NEW DELHI (Commodity Online): 

The recent rally in crude oil prices have once again raised concerns on the pressure it could put on current account deficit and mounting fuel subsidies.

India's import prices for crude oil has climbed from $104 a barrel in the last fortnight of January to $107.84 as on February 19, according to Ministry of Petroleum and Natural Gas. In rupee terms prices have risen to Rs 6699.02 per bbl on February 19 as compared to Rs 6661.75 per bbl on Feb 18th. This was due to price rise in dollar terms. Rupee dollar exchange at remained unchanged at weaker at Rs 62.12 per US$ on 19.02.2014 as on the precious’s trading on 18.02.2014.

India's Finance Minister in his interim budget for 2014-15 had announced Rs 65,000 cr as fuel subsidy. Despite the recent increase in prices of diesel by oil marketing companies, under recoveries on account of sale of diesel continues to be high at Rs 7.40 per litre.

Indian Oil, India's largest oil marketing company, had reported a net loss of Rs. 961 crore on Income from Operations of Rs. 1,17,672 crore for the quarter ended 31.12.2013. During the corresponding period in the previous year, the Corporation reported a net profit of Rs. 3,332 crore on Income from Operations of Rs. 1,16,700 crore. The decrease in profit is mainly on account of net under realization of Rs. 7,193 crore in current quarter as compared to over recovery of Rs. 408 crore received during Oct-Dec’12 for earlier quarters.

For the year 2013-14, Indian Oil is expected to incur under-recovery of around Rs. 73,700 crore on sale of three sensitive products (Industry around Rs. 1,42,000 crore)