Intraday MCX Tips

Cardamom gained on short covering lead by strong local demand against the weak arrivals in the local market over the same period last year. The MCX cardamom December contract ended the day at Rs 943.50, up Rs 36.40 or 4% from the last close.
As per the latest updates from the Spices Board of India, the average pricesof cardamom in the auction held at STCL, Kumily on Monday (as on 26th November2012) stood at Rs 839.42 and maximum price was at Rs 1058 per kg. The arrivalsand offtakes stood at 22470 kg. The average price in the previous auction was Rs832.52 per kg, meanwhile arrivals and offtakes stood at 96560 kg.
India's crop is projected lower over last year and short fall in the local arrivals is expected in mid December -January period. Cardamom is expected to bounce back in medium term, when arrivals slumps in auctions and on pick up in export orders. Guatemala's crop with carry over stocks estimated around 34 thousand tonnes and some infestation will affect mainly the quality of the Guatemalan cardamom this season. Guatemala produced a record of 10,000 tons of cardamom in the month of October 2012. Never before on the history of cardamom, Guatemala had produced so much cardamom in one month. This is 40 % of the total production of Guatemala three years back. Guatemala cardamom harvesting runs through October till June next year.

Cardamom gained Rs 165 per 1 kg in November lead by strong fundamentals. Cardamom dipped around Rs 70 per 1 kg in the last two sessions from the high of Rs 977.20. Cardamom December contract ended the day at Rs 943.50, up Rs 36.40 or 4% from the last close. The open interest dipped 100 lots to 3,827 lots, indicating profit taking.

MCX Crude Oil Tips

Crude oil futures continued to trade lower in Asia electronic session today as Tropical Cyclone Sandy shut East Coast refineries, roads and airports, reducing crude and fuel demand in the world's largest oil consumer.

Fuel supply into the region almost ground to a halt as Sandy, one of the biggest storms ever to hit the United States, forced the closure of two-thirds of the region's refineries, its biggest pipeline, and most major ports.

WTI crude oil futures for December edged down 25 cents to $85.29 in Asia electronic session today.

The national average retail price of regular gasoline fell 11.9 cents a gallon to a three-month low of $3.568 a gallon in the week ended Monday, the Energy Information Administration said. The 3.2% drop in the week put the price at the lowest since July 30.

Global markets were subdued on the closure of New York stock exchanges, with Asian shares making modest gains. Sandy battered the U.S. East Coast, prompting the closure of air, ship, rail and even highway services, and knocked out power to more than 2.8 million homes and businesses in the region.

Sandy will close U.S. stock markets for a second day on Tuesday, as Wall Street turned its attention to whether markets would be able to resume functioning for the month's final trading day on Wednesday.

The American Petroleum Institute said on Monday it has not delayed the release of its weekly petroleum stocks report yet, but it will continue to assess conditions.

MCX November crude futures may open today’s session near Rs 4650 levels with support around Rs 4600 levels.

Chana updates

Advisory Data:-

Saturday buying continued in chana futures on the back of strong millers offtake along with sharp gains in local mandies. The NCDEX futures swelled by almost Rs 132 per quintal today
Strapping millers offtake ahead of festival demand spurred strong gains in both spot and futures market. Most of the millers of North India have witnessed active buying interest in local mandies. Moreover, poor moisture content in some parts of the chana growing states also added speculative demand in local mandies.
The spot prices of chana such as Akola and Latur variety increased by almost Rs 75-100 per quintal today from the previous day to trade at around Rs 4500-4650 per quintal with the total arrivals of 35 thousand bags.
The NCDEX November Chana contract increased by almost Rs 132 per quintal to settle at Rs 4530 per quintal in today's trading. The contract pared 800 positions in open interest indicating short covering by speculators and traders.

Chill updates

Selling might continue in chilli futures at every spurt in the wake of new arrivals in Madhya Pradesh mandies coupled with favourable crop condition in Andhra Pradesh and Karnataka. The NCDEX futures wilted Rs 105 per quintal in the last trading.
The major mandies of Madhya Pradesh such as Bediya , Indore and Mandsaur have reported the average daily arrivals of around 1000-1500 bags of new crop . These are likely to gain momentum after October 15. Moreover, most of the chilli growing regions of Andhra Pradesh such as Guntur and Khammam also witnessed the favourable rainfall from the last ten days . This might also encourage the better productivity of chilli crop.
The total daily arrivals of chilli reported at around 10 thousand bags at Guntur mandi. While the spot prices of chilli S334- quality were trading at Rs 5200-5400 per quintal and Teza New quality at Rs 7200-7500 per quintal , down almost Rs 100 per quintal in the last day.
The NCDEX November Chilli contract declined by almost Rs 105 per quintal to settle around its new contract low of Rs 5150 per quintal in the previous day. The contract pared 30 positions in open interest indicating long liquidation by speculators and traders. Technically, prices are likely to witness some selling around Rs 5210-5215 per quintal while supports are likely at Rs 5120-5130 per quintal in the short term.

Mentha oil Updates, today mcx chart

Mentha Oil ended the day with smart gains on fresh buying. Mentha oil traded higher on spot demand against the weak arrivals in local mandis. The MCX Mentha oil most active sep contract ended near 1217.

Indian mentha oil prices were not sustaining at higher levels due to the weak export demand for Indian parity due to its higher prices in the global markets. New crop from Indonesia is likely to reach in the market from mid September and crop size is expected to normal during the year. Despite the increase in the global pepper production,

Crude to trade negative on bearish global market sentiments

Commodity Tips Advisory

Fri, Aug 24, 2012 at 10:30. Crude to trade negative on bearish global market sentiments. Angel Commodities has come out with its report on metals and energy. According to the research firm, in today's session crude oil prices are expected to trade on @ 5260-5230-5200.

www.commoditytipsadvisory.com

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Today Gold Paid Call

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SELL GOLD OCT @ 30140-30150 SL 30200 TGT 30100-30050-30000.MCX CMP:30140

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SILVER UPDATES

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SELL SILVER SEP @ 53630-53700 SL 53900 TGT 53500-53300-53100.MCX CMP:53630 (TRADE IN 5 LOT) (www.commoditytipsadvisory.com)
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Gold and silver are the two commodities in the market surprise. After the decline Thursday in last week strongly gold - silver moved up strongly. The business is still on the edge. Greece's political crisis because of the situation in Europe after the born again gold investors around the world - has your attitude toward silver.  

The exchange also has major blow to the market, so investors protect their money for gold - silver are taking.

Gold in the domestic market, with 1.12 per cent at Rs 28 846. With 1.71 per cent, while silver is trading at 54 054. In the international market, gold - silver is trading with gains.

With 0.28 per cent at MCX Crude oil is trading at Rs 5046. However Naimaks crude oil is seen in the pressure situation and it is around 92 dollars a barrel. Today, natural gas in the domestic market was stimulated by 5 per cent and 145 per mmBtu level.

Domestic market has recovered strongly in the base metals. Copper has seen the worst 1 per cent, while aluminum, nickel, lead and zinc have been recorded up to a half per cent.

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M&M: (689) Sell considering 697 a crucial resistance keeping stop loss of 706. Downward side it'll fall down to 670 initially. A close below 670 it'll heavily fall down further to 655 & thereafter to 644 & 625.
Upward side crossover above 706 it'll turn positive & surge up to 730.

TATA MOTORS: (273) Sell considering 278 & 282 solid resistances keeping stop loss of 287. Downward side break below 267 it'll fall down to 255-253 & 244.

Upward side a close above 287 it'll turn positive & spurt up to 294, 300 & 311.

INDUSIND Bank: (312) Sell considering 320 a crucial resistance keeping stop loss of 325. Downward side it'll fall down to 296, 290 & 280. Upward side a close above 325 it'll turn positive & spurt up to 353 & 370.

CENTRAL Bank: (101) Sell considering 104 a solid resistance keeping stop loss of 106. Downward side it'll fall down to 95.50 & 89.

YES Bank: (372) Sell considering 376 a crucial resistance keeping stop loss of 383. Downward side break below 366 it'll fall down to 353 & 345.
Upward side a close above 383 it'll turn positive & spurt up to 399 & 408.

KOTAK Bank: (525) Sell considering 535 a solid resistance keeping stop loss of 546. Downward side it'll fall down to 501 initially which is a crucial support. A close below 501 it'll crash down to 493 & 481.

SBI: (2165) Break below 2128 it'll fall down to 2081, 2052 & 2005. Upward side 2181 & 2205 crucial resistances, keep stop loss of 2215 to your shorts. A close above 2205 it'll turn positive & surge up to 2253, 2281 & 2296-2328.

BATA: (785) Buy on declines considering 775 a crucial support keeping stop loss of 757. Upward side it'll spurt up to 811, 827 & thereafter to 861.
Downward side break below 757 it'll fall down to 730, buy again on lower levels keeping stop loss of 710.

BOM DYEING: (538) 549 & 564 crucial resistances up to which profit booking will be seen, keep stop loss of 564 to your shorts. Downward side 531 & 517 crucial supports. Break below 517 it'll heavily fall down to 488.
Upward side a close above 564 it'll turn positive & spurt up to 586, 595 & 621.

CENTURY: (359) Buy on declines considering 347.50-345 crucial supports keeping stop loss of 324. Upward side it'll rush up to 380 initially. A close above 380 it'll sustain on higher levels & flare up to 393 & 414.

MCLEOD RUSSEL: (267) Buy considering 263 a solid support keeping stop loss of 256. Upward side it'll spurt up to 290.

AREVA: (192) A close above 197.50 it'll spurt up to 217 & 228. Downward side 181 a solid support.

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Intraday Nifty Trading Tips

Intraday Nifty MARCH future: (5246) Sell considering 5275 & 5316-5340 solid resistances keeping stop loss of 5351. Downward side it'll fall down to 5195, 5146 & 5086, cover shorts around 5086 & buy fresh keeping stop loss of 5066.

Bank Nifty Stock MARCH Future: (10171) Sell considering 10266 & 10404 solid resistances keeping stop loss of 10493. Downward side it'll fall down to 10041, 9902 & 9678.

HINDALCO: (133) Sell considering 134.50 & 136.75 solid resistances keeping stop loss of 139. Downward side it'll fall down to 128.75 & 120.

JET AIR: (330) Sell considering 340-344 solid resistances keeping stop loss of 354. Downward side it'll fall down to 320, 313 & 302.

MARUTI: (1331) Sell considering 1352 a solid resistance keeping stop loss of 1357. Downward side it'll fall down to 1307, 1291 & 1267.

APOLLO TYRES: (79) Sell considering 80.75 & 83 solid resistances keeping stop loss of 85.50. Downward side it'll fall down to 75.25 & thereafter to 73.75 & 69.50.

AXIS Bank: (1177) Sell considering 1182 & 1213 solid resistances keeping stop loss of 1243. Downward side it'll fall down to 1143 & 1120.

Can Bank: (461) Sell considering 470 & 475 solid resistances keeping stop loss of 483. Downward side it'll fall down to 451, 444 & 434.

KOTAK Bank: (517) Sell considering 526 & 531 solid resistances keeping stop loss of 539. Downward side it'll fall down to 506 & 501.

OBC: (270) Sell considering 276-278 solid resistances keeping stop loss of 285. Downward side it'll fall down to 261 & 253.

SYNDICATE Bank: (110) Sell considering 111.50 & 114 solid resistances keeping stop loss of 116. Downward side it'll fall down to 104 & 101.

CENTURY: (325) Buy on declines considering 321.50 & 317 crucial supports keeping stop loss of 311. Upward side 347.50 & 358.50 crucial resistances. Crossover above 358.50 it'll spurt up to 380.
Downward side break below 311 it'll fall down heavily to 302 & 290.

BATA: (761) Break below 757 it'll fall down to 747 & 735, buy in panic keeping stop loss of 729. Upward side 777 & 785 crucial resistances. Crossover above 785 it'll spurt up to 803 & 813.

BOM DYEING: (530) Sell considering 551 a solid resistance keeping stop loss of 563. Downward side break below 525 it'll fall down to 515 & 501.

RIL: (737) Sell considering 750-755 solid resistance keeping stop loss of 765. Downward side it'll fall down to 725 & 718.

RCOM: (88.20) Sell considering 89.50 & 92 solid resistances keeping stop loss of 94. Downward side it'll fall down to 84.75 & 82.50.

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International market, gold - silver is traded on the edge. Comaks half per cent of the gold is trading around $ 1,653, while silver has shot up more than 1 per cent, the price is above $ 32. On Tuesday, gold in the domestic market, with 0.30 per cent to Rs 27 814, while silver dropped nearly 2 percent from 56 515 to Rs.
 
Crude oil is a good start today. Domestic crude oil has seen nearly half per cent, the price has shot up to Rs 5,400. Naimaks half per cent up on crude oil remains.
 
Base metals has also started on the edge today. MCX is an increase in all metals, zinc, lead up to the highest it has seen a half per cent, while copper and lead also gained half per cent.

April futures on NCDEX Gwargm and Gwarseed have gone up 3-4 per cent, 2 per cent rise in the turmeric futures are being watched. The potato futures are trading at 3-4 per cent.

For investors, analysts' comments -

Gold: Sell Rs -27 880, -28 450 stoploss of Rs Rs Rs -27 000 goals

Copper: Sell RS -432, -435 stoploss of Rs Rs Rs goals -425

Crude Oil: Sell -5 440 bucks, -5 475 stoploss of Rs Rs Rs goal -5380

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