China's central bank cut interest rates on Friday for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth in its stuttering economy

2. ✍ MCX DAILY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 30 OCT 2015 106.
20
102.65 99.10 97.25 95.55 93.70 92.00 88.45 84.90
COPPER 30 NOV 2015 370.
35
361.10 351.80 346 342.50 336.75 333.20 323.90 314.55
CRUDE OIL 19 NOV 2015 3222 3127 3032 2979 2937 2884 2842 2747 2652
GOLD 04DEC2015
20152015
2798
3
27614 27245 27027 26876 26658 26507 26138 25769
LEAD 30 OCT 2015 124.
15
120.65 117.15 115.35 113.65 111.85 110.20 106.70 103.15
NATURAL GAS 24 NOV 2015 179.
50
174.70 169.90 166.80 165.10 162 160.30 155.50 150.70
NICKEL 30 OCT 2015 737.
40
718.90 700.40 691.30 681.90 672.80 663.40 644.90 626.40
SILVER 04 DEC 2015 3916
5
38442 37719 37330 36996 36607 36273 35550 34827
ZINC 30 OCT 2015 124.
20
120.60 117 115.10 113.40 111.50 109.80 106.20 102.60
✍ MCX WEEKLY LEVELS
WEEKLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 30 OCT 2015 113.70 107.90 102.10 98.75 96.30 92.95 90.50 84.70 78.90
COPPER 30 NOV 2015 371.15 361.55 352 346.10 342.35 336.55 332.80 323.20 313.60
CRUDE OIL 19 NOV 2015 3665 3437 3209 3068 2981 2840 2753 2525 2297
GOLD 04 DEC 2015 28323 27852 27381 27095 26910 26624 26439 25968 25497
LEAD 30 OCT 2015 129.15 124.15 119.15 116.35 114.15 111.35 109.15 104.15 99.15
NATURAL GAS 24 NOV 2015 207.80 194.50 181.20 172.50 167.90 159.20 154.60 141.30 128
NICKEL 30 OCT 2015 751 727.40 703.80 693 680.80 669.40 656.60 633 609.40
SILVER 04 DEC 2015 39274 38510 37746 37344 36982 36580 36218 35454 34690
ZINC 30 OCT 2015 129.80 124..30 118.90 116 113.40 110.60 108 102.50 97.10

3. WEEKLY MCX CALL
BUY GOLD DEC ABOVE 27100 TGT 27500 SL 26700
BUY ZINC OCT 115 TGT 117 SL 113
PREVIOUS WEEK CALL
BUY CRUDEOIL NOV ABOVE 3141 TGT 3246 SL 3044 ( NOT EXECUTED )
BUY ZINC OCT ABOVE 117.60 TGT 119.50 SL 115.40 ( NOT EXECUTED )
FOREX✍ DAILY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
USDINR 26 NOV 2015 65.8
5
65.65 65.45 65.35 65.25 65.15 65.05 64.85 64.65
GBPINR 26 NOV 2015 74.6
0
73.90 73.20 72.80 72.50 72.10 71.80 71.10 70.50
EURINR 26 NOV 2015 102.
35
101.70 101.10 100.65 100.45 100.05 99.80 99.20 98.55
JPYINR 26 NOV 2015 55.2
5
54.85 54.45 54.25 54.10 53.85 53.70 53.35 52.95
FOREX✍ WEEKLY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
USDINR 26 NOV 2015 66.7
0
66.30 65.80 65.50 65.35 65.05 64.85 64.40 63.90
GBPINR 26 NOV 2015 80.7
5
78.20 75.70 74 73.15 71.50 70.60 68.05 65.50
EURINR 26 NOV 2015 104.
15
102.95 101.70 101 100.50 99.80 99.30 98.10 96.90
JPYINR 26 NOV 2015 56.9
0
56.05 55.15 54.60 54.25 53.70 53.40 52.50 51.60
WEEKLY FOREX CALL
SELL GBPINR NOV BELOW 99.90 TGT 99.20 SL 10.25
PREVIOUS WEEK CALL
BUY USDINR OCT ABOVE 65.13 TGT 65.65 SL 64.78 ( CLOSED AT 64.85 )
SELL EURINR OCT BELOW 73.20 TGT 72.70 SL 73.60 ( TGT ACHEIVED )

4. ✍ NCDEX DAILY LEVELS
DAILY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 NOV 2015 642 640 638 636 634 632 630 628 626
SYBEANIDR 20 NOV 2015 4130 4115 4100 4085 4070 4050 4030 4010 3980
RMSEED 20 NOV 2015 5210 5180 5160 5140 5120 5100 5080 5060 5040
JEERAUNJHA 20 NOV 2015 16800 16700 16600 16500 16400 16200 16000 15800 15600
CHANA 20 NOV 2015 5000 4980 4960 4940 4920 4900 4880 4860 4840
CASTORSEED 20 NOV 2015 4160 4140 4120 4100 4080 4060 4040 4020 4000
✍ NCDEX WEEKLY LEVELS
WEEKLY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 NOV 2015 655 650 645 640 635 630 625 620 615
SYBEANIDR 20 NOV 2015 4200 4170 4140 4110 4080 4050 4020 3990 3970
RMSEED 20 NOV 2015 5280 5250 5220 5190 5160 5130 5100 5070 5040
JEERAUNJHA 20 NOV 2015 17600 17400 17200 17000 16800 16600 16400 16200 16000
CHANA 20 NOV 2015 5100 5070 5040 5000 4960 4920 4870 4830 4770
CASTORSEED 20 NOV 2015 4240 4210 4180 4150 4120 4090 4060 4030 4000
WEEKLY NCDEX CALL
BUY SOYABEAN DEC ABOVE 4200 TGT 4350 SL 3940
PREVIOUS WEEK CALL
SELL DHANIYA NOV BELOW 11900 TGT 11710 SL 12131 ( TGT ACHEIVED )
BUY REFSOYA NOV ABOVE 630 TGT 641 SL 619 ( TGT ACHEIVED )

5. MCX - WEEKLY NEWS LETTERS
INTERNATIONAL NEWS
MCX - WEEKLY MARKET REVIEW
✍ China's central bank cut interest rates on Friday for the sixth time in less than a year, and it
again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth
in its stuttering economy.
✍ U.S. energy firms reduced oil rigs for an eighth week in a row this week but slowed the rate
of those cuts to just one rig, data showed on Friday, a sign some drillers may soon return to the
well pad with hopes of rising crude prices in the future.
PRECIOUS METAL
✍ GOLD
Gold was flat to slightly lower on Friday as the dollar soared to its highest level in more than
two months and U.S. equities raced higher after China eased monetary policy for the sixth time
in a year, reviving expectations of a U.S. rate hike. Bullion vaulted over 1 percent higher to an
intraday high of $1,180 per ounce in early New York trading immediately after Beijing
announced a surprise interest rate cut. Investors initially bet the Federal Reserve would be
compelled to delay raising rates given the fragility of the global economy, but buying soon
evaporated on the view that the Chinese stimulus and upbeat U.S. data made a U.S. rate hike
more likely this year. Gold has languished at 5-1/2-year lows in recent months on expectations
the Fed will raise rates this year, potentially lifting the opportunity cost of holding non-yielding
bullion. Concerns over the health of the global economy have recently pushed back
expectations into 2016. But further stimulus in China and upbeat U.S. data have increased the
likelihood of a rate rise in December. Better-than-expected manufacturing figures for October
supported the dollar. U.S. flash manufacturing PMI rose to its highest level since March,
beating expectations for a slight decline from the previous month. A stronger dollar weighs on
gold by making the metal more expensive for holders of other currencies.
✍ ENERGY
Crude oil prices continued its bearish trend for the second consecutive week, where WTI
suffered more losses than Brent crude. 
As per Friday’s closing, WTI for the December month contract went down by 1.70%
registering at $44.60/ barrel, whereas Brent for the same month contract went down slightly by
just 0.20% registering at $47.99/ barrel , On weekly basis, WTI suffered losses more than
5.50%, whereas Brent crude’s losses restricted within 5%
Crude Oil fell on Friday, erasing early gains as traders dismissed a rate cut by China to focus on
a surging dollar and weaker spot prices for U.S. crude as a glut weighed on prompt supplies.
Earlier on Friday, oil prices rose about 1 percent on expectations the Chinese rate cut might

6. prompt the No. 1 energy consumer to import more oil. A stubborn global oil glut, partly due to
record pumping by the biggest producers in OPEC, has prevented crude prices from staging a
meaningful rebound despite a few sharp intermittent rallies since early September. U.S crude
inventories have risen for four straight weeks amid reduced refining activity during the autumn
maintenance season. U.S. oil drillers also slowed the pace of rig cuts this week, idling just one
rig, the smallest cut in eight weeks suggesting they may soon return to the well pad with hopes
of rising crude prices in the future.
Natural gas futures fell to a fresh three-year low on Friday as the market focused on warm
weather forecasts at the start of the winter heating season in November. March-April is usually
the widest month-to-month spread of the year since it marks the end of the winter heating
season and the start of spring, making it one of the most widely traded gas spreads. It is known
as the widow-maker because it can quickly turn against speculators with changing winter
forecasts. Both the U.S. and European weather models called for continued well above normal
temperatures over the next two weeks, expected to keep residential, commercial and industrial
heating demand lower than normal during that time, according to Thomson Reuters Analytics.
✍ COPPER
Copper fell on Friday, retreating from a one-week high after a strong dollar offset optimism
stemming from top metals consumer China cutting interest rates to boost its slowing economy.
Prices on the London Metal Exchange had surged after China's central bank cut interest rates
for the sixth time in less than a year and again lowered the amount of cash that banks must hold
as reserves. A continued decline in LME copper stocks, which are at their lowest levels since
February, helped support prices, as did news of more production cuts. copper output further as
it posted a bigger-than-expected quarterly loss.
✍ NICKEL
Nickel too managed to stay afloat yesterday and settled at $10515 MT, up marginally by around
.8% from its previous close. The inventories dropped by 4512 MT while the canceled warrants
declined by 5232 MT, giving a mixed cue for the metal. However, the contango steadied at $27
MT, the number too high to lure the investors. As per the recent updates, Nickel pig iron
production in China continued to decline for the previous month by 2% m/m to 31,600 MT,
raising hopes for the consumption of Nickel to rise in the near term. 
✍ ZINC
LME 3M Zinc moved higher yesterday and settled at $1755 MT, up marginally by around
0.30% from its previous close. While, Lead showed weakness and settled at $1754 MT, down
by around .40% from its previous close.  In case of lead, inventories and cancelled warrants
dropped by 400 MT, giving mixed cues for the metal. The contango for the metal at LME
remained at 17, overall showing negative signs.  While in case of zinc, inventories and

7. canceled warrants dropped by 1875 MT, giving a mixed cue for the metal. While, the contango
for the metal remained came a bit lower at $23 MT, giving poor cues for the metal.
✍ NCDEX - WEEKLY NEWS LETTERS
Agri markets bounced back moderately on Tuesday after the fall seen the earlier day as good
demand amidst low stocks supported the prices even as Govt takes steps to check hoarding
amids impositions of stocks limits for Pulses and Oilseeds in states.
Govt initiatives may keep prices under check in the short term but medium term sentiments
look firm as low production and low stocks could support the prices as demand remains strong.
Spices look firm as exports slowly start picking up with low stocks reported as other counters
are expected to recover after some short term corrections.
✍ CHANA
Chana prices moved down by 2.03 per cent to Rs 4,815 per quintal in futures trade on Friday as
traders reduced exposure amid increased supplies at the spot market after the government took
steps to curb soaring prices.At the National Commodity and Derivative Exchange, chana for
delivery in November fell Rs 100, or 2.03 per cent, to Rs 4,815 per quintal with an open
interest of 55,180 lots.
Similarly, the commodity for delivery in December contracts eased Rs 96, or 1.93 per cent, to
Rs 4,874 per quintal in 50,410 lots.Trimming of exposure by traders triggered by pick-up in
supplies in the physical market after the raids by authorities on hoarders mainly kept pressure
on chana prices.
The government's decision to import more pulses too helped prices decline
Meanwhile, over 35,000 tonnes of pulses have been seized form 10 states in two days after
state governments intensified crackdown against hoarding and black marketing of the
commodity.
✍ REFINED SOYA OIL
Refined soya oil prices were up by 1.09 per cent to Rs 642.75 per 10 kg in futures trade on
Wednesday as speculators enlarged their bets, driven by pick up in demand in the spot
market.At the National Commodity and Derivatives Exchange, refined soya oil for delivery in
November month went up by Rs 6.95, or 1.09 per cent to Rs 642.75 per 10 kg with an open
interest of 72,855 lots.
The December contract gained Rs 6.40, or 1.01 per cent, to Rs 640 per 10 kg in 1,06,005
lots.The rise in refined soya oil futures to pick up demand in the spot market amid restricted
supplies from producing regions.

8. ✍ MUSTARDSEED
Mustardseed prices were down by Rs 88 to Rs 4,920 per quintal in future trading on monday
after traders trimmed positions, taking weak cues from spot market.At the National Commodity
and Derivatives Exchange, mustard seed for delivery in November contract fell Rs 88, or 1.76
per cent to Rs 4,920 per quintal, with an open interest of 59,300 lots.Mustardseed for delivery
in the current month lost Rs 57, or 1.16 per cent to Rs 4,851 per quintal, having an open interest
of 570 lots.Apart from pickup in arrivals from growing regions, slackened demand from oil
mills and vanaspati units at higher levels in physical markets mainly led to the fall in mustard
seed prices at futures trading.
✍ JEERA
Jeera prices closed lower by 1.54 per cent on Wednesday at the National Commodity &
Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the
producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures
for November 2015 contract closed at Rs. 16,005 per quintal, down by 1.54 per cent, after
opening at Rs. 16,290 against the previous closing price of Rs. 16,255. It touched the intraday
low of Rs. 15,820.

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