कमोडिटी बाजार : बेसमेटल : NCDEX ने स्टील का वायदा कारोबार किया बंद, सेबी के नियमों का दिया हवाला

कमोडिटी एक्सचेंज NCDEX ने बुधवार को स्टील लॉन्ग का वायदा कारोबार बंद करने का ऐलान कर दिया है, इस सिलसिले में एक्सचेंज ने सर्कुलर जारी कर दिया है, जारी हुए सर्कुलर के मुताबिक उसके प्लेटफॉर्म पर फिलहाल स्टील लॉन्ग के लिए अप्रैल, मई, जून और जुलाई वायदा के लिए कारोबार हो रहा है इन वायदा सौदों की एक्सपायरी तक इनमें मौजूदा नियमों के लिए वायदा कारोबार होता रहेगा लेकिन नया वायदा सौदा लॉन्च नहीं होगा, एक्सचेंज ने इसके लिए सेबी के नियमों का हवाला दिया है।

जनवरी में सेबी ने कमोडिटी एक्सचेंजों के प्लेटफॉर्म पर ट्रेड होने वाली कमोडिटीज के लिए नियम जारी किए थे जिनके मुताबिक वायदा बाजार में सिर्फ वहीं कमोडिटी ट्रेड हो सकेगी जो बीते 3 सालों में से किसी एक साल में 500 करोड़ रुपये का सालाना टर्नओवर दिखाने में कामयाब हुई होगी। बीते 3 साल में किसी भी एक साल में अगर किसी कमोडिटी का 500 करोड़ रुपये या इससे अधिक का टर्नओवर नहीं हुआ होगा तो उस कमोडिटी को वायदा बाजार से हटना पड़ेगा।

नई कमोडिटीज को वायदा बाजार के दायरे में लाने के लिए भी सेबी ने कुछ नियम तय किए हैं जिनको कमोडिटी एक्सचेंजों को पूरा करना पड़ेगा। भविष्य में वायदा बाजार में किसी भी कमोडिटीज की लॉन्चिंग हाजिर बाजार में होने वाले उसके कारोबार और वॉल्यूम पर निर्भर करेगी। जिन कमोडिटीज का हाजिर बाजार में अच्छा वॉल्यूम है उन्हीं को वायदा बाजार में भी जगह मिल सकती है।

अंतरराष्ट्रीय महत्व वाली कमोडिटीज को वायदा बाजार पर लिस्ट होने में मदद मिल सकती है क्योंकि इससे प्राइस डिस्कवरी ज्यादा अच्छी तरह होती है। जिन कमोडिटीज की वेल्यू चेन बड़ी है और देश में ज्यादा बड़े हिस्से में उनका कारोबार होता है उनके लिए वायदा बाजार में लिस्ट होने में प्राथमिकता होगी।

Source: MarketTimesTv

More will update soon!!

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⁠⁠⁠Updates on Bullion, Base Metals and Energy Levels 22nd March. 17

Gold futures ended higher on Tuesday after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term US interest rate hikes pushed the dollar lower. Yellow metal prices further improved by increased safe haven demand as US stocks took a turn for the worse.

Crude oil futures resumed their decline on Tuesday, just a day after showing some recovery. Traders were concerned with expectations of brimming US oil stockpiles, ahead of a report on US inventories from the Energy Information Administration (EIA) due to be released on Wednesday. Investors feared that the next batch of inventories data would reveal a rise in U.S. crude stockpiles and disregarded a report suggesting that OPEC oil producers increasingly favor extending its deal to cut oil production beyond June.

Copper futures ended lower on Tuesday as supply disruptions in Chile’s Escondida copper mine and Indonesia's Grasberg mine were viewed as drawing to a close. Freeport-McMoRan's Indonesian operation has resumed copper concentrate production at its Grasberg mine, ending a stoppage of more than a month. While, the union representing striking workers at BHP Billiton's Escondida mine in Chile said it was open to further conversations that could lead to a reopening of negotiations.

Technical Level

Gold 

Support at 28800 and resistance at 28920

Break and sustain below 28800 will take it to 28500---28200 mark else could touch its resistance level of 28920

Fresh buying can be initiated above 28920

Silver

Support at 40900 and resistance at 41500

Break and sustain below 40900 will take it to 40400---40000 and then to 39800 mark else could touch its resistance level of 41500 mark.

Further upside rally only close above 41500

Crude Oil 

Support at 3100 and Resistance 3180---3250

Break and sustain below 3100 will take it to 3050---3020 mark and then to 2960 mark else could touch its resistance level of 3180---3250 again.

Further upside rally will see only above 3250 only

Copper

Below 377 panic remain continue till 373---369 and then to 366 mark else could touch its resistance level of 386.00

Further upside will see only above 386.00

Economic Data

08:30 P.M Existing Home Sales:  Previous 5.69M Forecast 5.59M Actual –??

Impact – Increase in Existing Home Sales – will have negative impact on bullion and positive impact on base metals and dollar index or vice – versa.

08:00 P.M Crude Oil Inventories:  Previous -0.2M, Forecast 1.9M, Actual –??

Impact – Increase Crude Oil Inventories – will have negative impact on crude oil prices vice versa.

More will update soon!!

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India Said Likely to Sell Axis, ITC, Larsen Shares in ETF

India’s government is likely to sell part of the stakes it holds in Axis Bank Ltd., ITC Ltd. and Larsen & Toubro Ltd. through an exchange-traded fund this year, people familiar with the matter said. Shares of the three companies fell

The new ETF would be larger than the Central Public Sector Enterprises ETF, a fund unveiled in 2014 that’s made up of the government’s shares in state-owned companies, the people said, asking not to be identified as a final decision regarding size and timing of the latest sales hasn’t been made yet.

While it’s the fourth occasion India will be using an ETF to sell shares it holds to maintain public spending without increasing the fiscal deficit, it’s the first time that a fund will house equity in private-sector companies, rather than state-controlled enterprises.

DS Malik, a spokesman for India’s finance ministry, wasn’t available for a comment when contacted by phone Wednesday.

Prime Minister Narendra Modi’s administration has budgeted to raise 725 billion rupees ($11 billion) from such share sales in the fiscal year beginning April 1 as it aims to shrink Asia’s widest budget deficit. India has met or beaten its so-called disinvestment target only five times since 1998, data show.

Axis Bank shares lost 0.5 percent as of 3:09 p.m. in Mumbai on Wednesday, erasing gains after rising as much as 2.9 percent earlier. ITC, a hotels-to-tobacco conglomerate, fell 2.9 percent, the biggest intraday drop in almost a month. Larsen & Toubro, the largest Indian engineering firm, lost 1.4 percent.

The Indian government holds about 11.5 percent of Axis Bank, 11.1 percent of ITC and 6.6 percent of Larsen through Specified Undertaking of the Unit Trust of India, data compiled by Bloomberg shows.

The government’s first share sale through the CPSE ETF in March 2014 generated 43 billion rupees, while a second tranche in January raised at least 45 billion rupees. It garnered 92 billion rupees in its third offering.

                                                                                    Source:Bloomberg                     

   More will update soon!! 

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बिजनेस : बैंकिंग : आईडीबीआई, बैंक ऑफ महाराष्ट्र और देना बैंक में पूंजी डालेगी सरकार

सरकार तरजीही आधार पर शेयरों के आवंटन के एवज में सार्वजनिक क्षेत्र के बैंकों आईडीबीआई बैंक, बैंक ऑफ महाराष्ट्र और देना बैंक में पूंजी डालेगी। नियामकीय मंजूरियों के बाद आईडीबीआई बैंक को सरकार से 2,500 करोड़ रुपए का वित्तपोषण मिलेगा। बैंक के निदेशक मंडल की आज हुई बैठक में सरकार को तरजीही आधार पर शेयर आवंटन की मंजूरी दी गई। पुणे के बैंक ऑफ महाराष्ट्र ने कहा है कि उसका निदेशक मंडल शुक्रवार को सरकार को तरजीही आधार पर शेयर आवंटन के जरिये इक्विटी पूंजी बढ़ाने के प्रस्ताव पर विचार करेगा। 

बैंक को 16 मार्च को सरकार से 300 करोड़ रुपए की पूंजी निवेश योजना की जानकारी मिली है। देना बैंक ने शेयर बाजारों को भेजी सूचना में कहा है कि बैंक के निदेशक मंडल ने बैंक की शेयर पूंजी 800 करोड़ रुपए तक बढ़ाने के प्रस्ताव को मंजूरी दे दी है।

Source: MarketTimesTv

More will update soon!!

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Agri Commodity Update

Soyabean 

Above 2900 …rally remain continue till 2950---2970 and then to 3050+ mark in days to come else could touch its support level of 2830 again.

Looks weak only below 2830

Soyaref

Support at 645 and Resistance 650

Above 650 it can touch 658—665+ mark in days to come else could touch its support level of 645.00 again.

Looks weak only below 645.00

Guarseed

Support at 3770 and resistance at 3950

Looks positive and could touch its resistance level of 3950, further upside rally will see only if closes above 3950else could test its support level of 3770.

Further downside panic will see only close below 3770 mark.

Dhaniya

Support at 7100 and Resistance at 7350 

Break and sustain above 7350 will take it to 7450—7600 else could touch its support level of 7100 mark.

Fresh selling can be initiated below 7100.00 

Jeera 

Support at 16600 and Resistance 17200

Break and sustain above 17200 will take to 17500---17800 else could touch its support level of 16600 again.

Looks weak below 16600 mark

RM Seed 

Support at 3850 and Resistance 3965.

Above 3965 it can touch 4030---4070 and then to 4155 mark in days to come else could touch its support level of 3850 again.

Looks weak only below 3850.00

TMC

As expected... Panic continues. Told to sell below 6480. 

Now what to expect???

Support at 6200 and Resistance 6480

Below 6200 will take it to 5800—5300 mark in days to come else could touch its resistance level of 6480 again.

Fresh buying can be initiated above 6480 only on closing basis.

Cocudakl

Support 2125 and resistance at 2200

Above 2200 …it can touch 2300---2380 and then to 2410+ mark else could test its support level of 2125.

Fresh selling only below 2125.

Mentha oil 

Support at 980 and resistance at 1020

Two consecutive close + weekly close above 980 will take it to 950---935+ and then to 915 mark else could test its support level of 1020 again.

Fresh buying only above 1020 mark.

CPO 

Above 535 …it can touch 545---550 and then to 560+ mark else could test its support level of 529 again

Fresh selling only below 529 mark.

Sugar

If unable to break its resistance level of 3700—3720, then can expect sharp downside move till 3660—3620 and then to 3550 mark. Further downside panic will see below 3550.00

Trade with levels only.

Castor Seed

Close above 4750 will see more upside rally till 4830---4880+++ mark.

Support and stop loss intact at 4650

Guar Gum

Support at 7800 and Resistance 8250 

Two consecutive close + weekly close above 8250 will take it to 8500--8750 and then to 8950++ mark in days to come else could touch its support level of 7800.

Fresh selling can be initiated below 7800

More will update soon!!

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