Bullion extended losses after U.S. Federal Reserve Chair Janet Yellen said global risks and a U.S. hiring slowdown warrant a cautious approach to raising interest rates

2. ✍ MCX DAILY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 29 JUL 2016 113.95 112.55 111.15 110.50 109.75 109.10 108.35 106.95 105.55
COPPER 31 AUG 2016 339.50 333.50 327..50 325 321.50 319 315.50 309.50 303.50
CRUDE OIL 19 JUL 2016 3739 3585 3431 3348 3277 3194 3123 2969 2815
GOLD 05AUG 2016 36830 34925 33020 32210 31115 30305 29210 27305 25400
LEAD 29 JUL 2016 121.15 119.60 118.05 117.40 116.50 115.90 114.95 113.40 111.85
NATURALGAS 26 JUL 2016 197 192.90 188.80 186.70 184.70 182.60 180.60 176.50 172.40
NICKEL 29 JUL 2016 663.80 646.80 629.80 622.20 612.80 605.20 595.80 578.80 561.80
SILVER 05 JUL 2016 46100 44859 43618 43005 42377 41764 41136 39895 38654
ZINC 29 JUL 2016 144.70 141.95 139.20 138.25 136.45 135.50 133.70 130.95 128.20
✍ MCX WEEKLY LEVELS
WEEKLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 29 JUL 2016 115.60 113.70 111.80 110.85 109.90 108.95 108 106.10 104.20
COPPER 31 AUG 2016 363.40 349.10 334.70 328.60 320.40 314.30 306 291.70 277.30
CRUDE OIL 19 JUL 2016 3956 3737 3518 3392 3299 3173 3080 2861 2642
GOLD 05AUG 2016 37278 35205 33132 32266 31059 30193 28986 26913 24840
LEAD 29 JUL 2016 123.50 121.20 119 117.90 116.70 115.65 114.50 112.20 110
NATURALGAS 26 JUL 2016 219.10 207.80 196.50 190.60 185.20 179.30 173.90 162.60 151.30
NICKEL 29 JUL 2016 703.80 674.80 645.80 630.20 616.80 601.20 587.80 558.80 529.80
SILVER 05 JUL 2016 48514 46435 44356 43644 42277 41565 40198 38119 36040
ZINC 29 JUL 2016 152.60 147.25 141.90 139.60 136.55 134.25 131.20 125.85 120.50
Monday, 27 June 2016

3. WEEKLY MCX CALL
BUY ZINC JUL ABOVE 137.50 TGT 140.50 SL 134.50
PREVIOUS WEEK CALL
SELL GOLD AUG BELOW 30000 TGT 29700 SL 30300 - MADE LOW OF 30852
BUY COPPER JUN ABOVE 316 TGT 325 SL 309 - MADE HIGH OF 319.50
✍ FOREX DAILY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
USDINR 27 JUL 2016 70.25 69.60 68.95 68.65 68.30 68 67.65 67 66.35
EURINR 27 JUL 2016 79.80 78.40 77.05 76.35 75.70 75 74.30 72.95 71.55
GBPINR 27 JUL 2016 106.7
0
102.30 97.85 95.85 93.45 91.45 89 84.60 80.20
JPYINR 27 JUL 2016 77.95 74.40 70.90 68.85 67.40 65.35 63.85 60.35 56.80
✍ FOREX WEEKLY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
USDINR 27 JUL 2016 71.2
0
70.20 69.20 68.75 68.15 67.75 67.15 66.15 65.15
EURINR 27 JUL 2016 83.4
0
80.95 78.50 77.10 76.05 74.65 73.60 71.15 68.70
GBPINR 27 JUL 2016 124.
70
114.90 105.05 99.45 95.25 89.65 85.40 75.60 65.75
JPYINR 27 JUL 2016 83.1
5
77.65 72.20 69.50 66.75 64.05 61.25 55.80 50.35
WEEKLY FOREX CALL
SELL USDINR JUL BELOW 67.88 TGT 67.30 SL 68.51
PREVIOUS WEEK CALL
BUY EURINR JUN ABOVE 76.15 TGT 76.65 SL 75.64 - TGT ACHEIVED
BUY GBPINR JUN ABOVE 96.32 TGT 96.92 SL 95.59 - TGT ACHEIVED

4. ✍NCDEX DAILY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 JUL 2016 663 656 649 646 642 639 635 628 621
SYBEANIDR 20 JUL 2016 4020 3950 3880 3842 3810 3772 3740 3670 3600
RMSEED 20 JUL 2016 4868 4813 4758 4729 4703 4674 4648 4593 4538
JEERAUNJHA 20 JUL 2016 18415 18145 17915 17775 17660 17520 17415 17165 16915
TMC 20 JUL 2016 8350 8300 8300 8250 8200 8150 8100 8050 8000
GUARSEED 20 JUL 2016 3170 3145 3125 3105 3090 3070 3050 3030 3000
✍NCDEX WEEKLY LEVELS
WEEKLY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 JUL 2016 672 662 652 647 642 637 632 622 612
SYBEANIDR 20 JUL 2016 4100 4006 3912 3858 3818 3764 3724 3630 3536
RMSEED 20 JUL 2016 5117 4983 4849 4774 4715 4640 4581 4447 4313
JEERAUNJHA 20 JUL 2016 20015 19175 18335 17985 17490 17145 16650 15815 14970
TMC 20 JUL 2016 9000 8800 8600 8400 8200 8000 7800 7600 7400
GUARSEED 20 JUL 2016 3500 3400 3300 3200 3080 2980 2880 2770 2650
WEEKLY NCDEX CALL
SELL GUARSEED JUL BELOW 3050 TGT 2950 SL 3151
PREIOUS WEEEK CALL
SELL SOYABEAN JUL BELOW 3835 TGT 3735 SL 3952
BUY JEERA JUL AOVE 17500 TGT 17900 SL 17000

5. MCX - WEEKLY NEWS LETTERS
✍BULLION
Bullion extended losses after U.S. Federal Reserve Chair Janet Yellen said global risks and a U.S. hiring
slowdown warrant a cautious approach to raising interest rates. However, surprising results from Brexit that it
will leave the EU block led the rally in gold prices last week.Over the week, prices fell to a two-week low as the
last sweep of opinion polls before Britain's referendum on EU membership began gave the campaign to stay in
the bloc a slight edge. Polls by ComRes, conducted for the Daily Mail newspaper and ITV television, and by
YouGov for The Times newspaper in London, showed a last-minute rise in support for Britain to remain in the
EU.Gold soared to its highest in more than two years after Britain delivered a shock vote to leave the European
Union, sending investors scurrying for protection in bullion and other assets perceived as lower risk. In sterling
terms, gold delivered double-digit percentage gains to top 1,000 pounds an ounce for the first time in more than
three years, rallying as much as 21 percent in early trade, while euro-priced gold rose as much as 13 percent.
CME raises COMEX 100 gold futures (GC) initial margins for speculators by 22.2 percent to $6,050 per
contract from $4,950. COMEX gold futures volume exceeded 576,850 contracts, their second highest on record.
This represents 57.7 million ounces worth about $76.3 billion. Britain's vote to leave the European Union forced
the resignation of Prime Minister David Cameron and dealt the biggest blow to the European project of greater
unity since World War Two. The Bank of England said it would take all necessary steps to shield Britain's
economy from the shock decision, having "undertaken extensive contingency planning" for the vote. Gold
dealers in London reported surging demand for coins and bars, with some saying stocks were tight, after a shock
vote for Britain to leave the European Union sent financial markets into meltdown and drove the pound lower.
Gold sales in London picked up earlier this month after polls first began to suggest that the Leave campaign had
edged into the lead.
The U.K. voted by a substantial margin to leave the EU in a landmark referendum, with the Leave side winning
52% of the vote, against 48% to remain.Silver settled up 2.92% at 42392 as the U.K.’s surprise decision to leave
the European Union in a landmark referendum continued to boost safe-haven demand.The Bank of England said
Friday it would take all necessary steps to secure monetary and financial stability after the shock Brexit
result.The Bank of England is monitoring developments closely," it said in a statement. "It has undertaken
extensive contingency planning and is working closely with HM Treasury, other domestic authorities and
overseas central banks." U.S. orders for long lasting manufactured goods fell more than forecast in May, while
core orders unexpectedly declined, according to official data showed. Total durable goods orders, which include
transportation items, fell 2.2% last month, the Commerce Department said, compared to expectations for an
decline of 0.5%. April's orders were revised down to show an increase of 3.3% from a previously reported 3.4%
advance. Durable goods are typically bulky or heavy manufactured products designed to last at least three years.
✍ENERGY
Crude prices had settled 2 percent higher after a volatile session, with investors less worried about prospects for
the global economy on the growing view that Britain would remain in the EU. The world's largest oil exporter
and OPEC heavyweight produced 10.262 million bpd in April, compared with 10.224 million bpd a month
earlier, the data showed. Potentially adding to supply, Iran has increased its crude exports capacity at its main
terminal on Kharg Island to allow eight tankers to load simultaneously. Brexit referendum came out with Britain
leaving the EU which resulted in the fall in oil prices last Friday by more than 6 percent. Financial markets have
been worried for months about what a British exit from the European Union, dubbed widely as 'Brexit,' would
mean for Europe's future, but were clearly not fully factoring in the risk of a 'leave' vote. As the Leave campaign

6. took a resounding lead in the wee hours of Friday morning, both the international and U.S. benchmarks of crude
tumbled more than 6%, falling to their lowest levels since mid-May. With the considerable losses, the front
month contract for crude erased all of their gains from the last week when they surged more than $4 a barrel.
U.K. Prime Minister David Cameron announced intentions to step down by October after polls showed that the
Exit camp prevailed by a 52-48% margin. Russian Energy Ministry expects oil price volatility to increase in the
short term after Britain's vote in favor of leaving the European Union, RIA news agency quoted Russian First
Deputy Energy Minister Alexei Texler as saying on Friday. Elsewhere, oil services firm Baker Hughes said in its
weekly rig count report that U.S. oil rigs fell by seven to 330, marking its first decline in four weeks
✍BASE METAL
Copper closed down by -1.28% at 317.3 as concerns about economic growth rose after Britain voted to leave the
European Union and the dollar soared. But the moves were not as strong as in other commodities, partly due to
the key role of China, the world's biggest metals consumer. Highlighting the impact that stimulus has had on the
Chinese economy, a survey showed business confidence among entrepreneurs in China has picked up for the
first time in more than two years in the second quarter of 2016. The UK vote to leave the EU forced the
resignation of Prime Minister David Cameron as world stocks headed for one of the biggest slumps on record.
The drop in copper erased most of a weekly advance that had been sparked by a fall in the dollar as expectations
grew that the U.S. would delay its next interest rate increase after its economy stumbled in the first quarter. In
the wake of the Brexit vote, the dollar index surged 2.5 percent to the highest level in more than three months,
making commodities priced in the greenback more expensive for buyers using other currencies. Copper at one
point saw its biggest daily slide since July last year, after hitting its highest since May 6 on Thursday at $4,795.
Zambia’s copper production will double in 2017 from a projected level of as much as 750,000 metric tons this
year, the mines minister of Africa’s second-biggest producer of the metal.LME Copper prices gained the most
among base metals, by 1.2 percent last week to close at $4698 per tonne owing to high anticipation that the
Britons will vote "REMAIN" in the EU. Further, bets for fewer rate hikes in the US rose after the International
Monetary Fund cut its forecast for U.S. growth this year to 2.2 percent from 2.4 percent in April, adding that Fed
should proceed on a "very gradual" path in raising its benchmark rate.
✍ NCDEX - WEEKLY NEWS LETTERS
✍COOKING OIL PRICE UPDATE
Prices of cooking oils produced in India such as mustard oil, groundnut oil and cottonseed oil have gone up 5-
6% in the past fortnight amid supply constraints. Consumers can heave a sigh of relief, though, since palm oil
has become 7.5% cheaper during this period due to increase in production in Malaysia and
Indonesia. "Production of mustard, groundnut and cottonseed suffered in both kharif and rabi seasons due to
erratic weather conditions," said Sandeep Bajoria, CEO of oil consultancy firm Sunvin Group. "Moreover, since
monsoon has been delayed by a week this year, the market sentiment has firmed, which is reflected in prices," he
saidThe arrival of the south-west monsoon has kick-started seasonal farming activity, with farmers taking up
sowing of key kharif crops such as rice, pulses, oilseeds and cotton in several states. According to the
preliminary data put out by the agriculture ministry, sowing of kharif crops was complete on about 71.24 lakh
hectares on June 10, about 7% lower than last year's acreage of 76.65 lakh hectares. Analysts said that prices of
locally produced oils are expected to remain firm since a section of oilseed farmers may shift to other crops this
year. Cooking oil is nonetheless set to turn cheaper due to the fall in the prices of palm oil to $675 a tonne from
$730 a fortnight ago.

7. ✍TMC
Steady trend was witnessed in Nizamabad market with finger and bulb trading at Rs.8400/quintal and
Rs.7800.quitnal with arrivals at 1500 bags. At Erode, finger and bulb traded steady at Rs.8500-8700/quintal and
Rs.8200-8400/quintal respectively with arrivals of 4300 bags. During week from 16th June till 22nd June 2016,
monsoon rainfall in Nizamabad was 47.4 mm, with a departure of -3% from its normal rainfall of 48.8 mm.The
e-National Agricultural Market was introduced on Apr 14 to integrate 585 farm markets through an electronic
platform by 2018. As of now, only turmeric trades under this platform but other commodities are expected to be
added soon. The trading platform will have data on arrivals and prices of the commodity, buy and sell trade
offers. •Currently e-National Agriculture Market has been introduced in 21 mandis in eight states; Uttar Pradesh,
Gujarat, Telangana, Rajasthan, Madhya Pradesh, Haryana, Jharkhand, and Himachal Pradesh.
✍JEERA
The total arrivals reported at Unjha market remained unchanged at 4000 bags. At Unjha, jeera prices reported at
around Rs.17600 per quintal. Stock positions at the NCDEX accredited warehouses are 3487 tonnes and 12 MT
are in process as on 20 June 2016.The exchange deliverable quality jeera was at 17,400-17,600 rupees per 100
kg in Unjha. •Arrivals of jeera were pegged at 7,000-8,000 bags (1 bag = 55 kg), steady from Wednesday's level.
•Total stocks of jeera in NCDEX accredited warehouses as on 22nd June 2016 increased from previous day to
3370 tonnes and 57 tonnes are in process.Prices in the spot market eventhough are trading in range, expectations
of pick up in demand from domestic and overseas market along with declining arrivals may support the price to
trade higher in near term.
✍CORIANDER
Arrivals reported at 3000 quintals, steady as against previous close. Tailing from the spot markets, coriander
prices extended the bullishness during Thursday’s trading session. Hence, coriander June contract ended the day
at Rs. 7251 per quintal with 0.2% gains. Stock positions at the NCDEX accredited warehouses are 3557 tonnes
and 60 MT are in process as on 20 June 2016.Even though arrivals were up Thursday, they are lower compared
to last year, indicating lesser availability of stocks in the market. •In Rajasthan, arrivals were pegged at 5,000
bags (1 bag = 40 kg), up from 4,000 bags on Wednesday. Arrivals ranged from 9,000 to 13,000 bags in the
previous year during this period. •The spice was sold for 7,800-7,900 rupees per 100 kg, up 100-150 rupees from
Wednesday. •Total stocks of coriander in NCDEX accredited warehouses as on 22nd June 2016 stood at 3617
tonnes and 40 tonnes are in process.
✍GUAR SEED
Guar seed closed at Rs. 3,073/quintal, down by 0.61%, whereas near month gum futures settled at Rs.
5,420/quintal, fell by 1.09%. Shrinking exports demand of gum amid weaker off take by millers pressurized the
prices at futures platforms. Moreover, increased arrivals in Haryana also added negativity at spot as well as
futures market. Total arrivals were reported around 480 MT at key trading centers in Haryana, where guar seed
price was quoted at Rs. 2,830/quintal at Sirsa physical market. At NCDEX warehouses, stock position of guar
seed and guar gum were reported 29,755 MT and 34,749 MT respectively as on 26 June 2016.

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