Gold Futures for June 2015 Contract Ended at Rs 26,875

DAILY BUZZ

Gold futures ended lower in the domestic market on Tuesday as investors and speculators exited positions in the precious metal tracking a bearish trend in the overseas market as a stronger dollar curbed the demand for the bullion as an alternative asset. At MCX, Gold futures for June 2015 contract ended at Rs 26,875 per 10 gram, down by 0.45 % after opening at Rs 26,980, against the last ending price of Rs 26,997. It touched the intra-day low of Rs 26,852 till the ending.

Mcx commodity tips and Stock Tips

STOCK FUTURES

FUTURE: BUY BPCL ABOVE 821 TGTS 824/829/836 SL 817

ULTRA FUTURES

ULTRA FUTURE: BUY BHARAT FORGE ABOVE 1337 TGTS 1347/1361 SL 1327 

ULTRA FUTURES

ULTRA FUTURE: BUY WOCK PHARMA ABOVE 1989 TGTS 1994/2001 SL 1984 

NIFTY FUTURES

NIFTY: SELL BANK NIFTY BELOW 18625 TGTS 18585/18525/18425 SL 18675 

STOCK FUTURES

FUTURE: BPCL HIT 1ST TGT 824 HIGH OF 825.90 BOOK PART PROFIT 

NIFTY FUTURES

NIFTY: BANK NIFTY SELL CALL HIT 1ST TGT 18585 LOW OF 18577 BOOK PART PROFIT 

NIFTY BONANZA

NIFTY BONANZA: BUY BANK NIFTY ABOVE 18600 TGTS 18680/18780 SL 18500 

FUTURE BONANZA

FUTURE BONANZA: BUY HDIL ABOVE 128.00 TGTS 129.25/131 SL 126.85 

EQUITY HNI

EQUITY HNI: BUY ABB ABOVE 1354 TGTS 1369/1389 SL 1339

ULTRA FUTURES

ULTRA FUTURE: BOOK PART PROFIT IN BHARAT FORGE BUY CALL AT CMP 1344.80 NEAR TO OUR 1ST TGT 1347

FUTURE BONANZA

FUTURE BONNZA: HDIL HIT 1ST TGT 129.25 HIGH OF 129.60 BOOK PART PROFIT OF RS 5000 IN SINGLE LOT

Crude oil futures sweep in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity ahead of EIA data set for release on Wednesday, which may show a second straight weekly decline in US crude production, easing fears of a global supply glut. At MCX, Crude oil futures, for the April 2015 contract, ended at Rs 3,325 per barrel, up by 2.18 %, after opening at Rs 3,240, against the last close price of Rs 3,254. It touched an intraday high of Rs 3,365 till the ending.

Natural Gas futures ended bigger in the domestic and overseas market on Tuesday as investors and speculators booked fresh positions in the energy commodity amid speculation that cooler than normal temperatures may boost heating demand for the fuel in the world’s biggest fuel consumer. At MCX, Natural Gas futures for April 2015 contract ended at Rs 168.40 per 1 kg, up by 1.57 % after opening at Rs 166.5, against the last ending price of Rs 165.8. It touched the intra-day high of Rs 169.9 till the ending.

Zinc futures surged in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal after private sector output in the Euro area surged to the highest level in 11 months in March 2015, signaling a pickup in the 19-member economy, lifting the demand outlook for zinc. At MCX, Zinc futures for April 2015 contract ended at Rs 133.95 per 1 kg, up by 1.02 % after opening at Rs 132.65, against the last ending price of Rs 132.60. It touched the intra-day high of Rs 134.45 till the ending.

Chana prices ended bigger 0.05 % on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for April 2015 contract ended at Rs. 3,785 per quintal, up by 0.05 %, after opening at Rs. 3,800 against the last ending price of Rs. 3,783. It touched the intra-day high of Rs. 3,812.

Jeera prices ended bigger by 2.81 % on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At NCDEX, jeera futures for April 2015 contract ended at Rs. 15,720 per quintal, up by 2.81 %, after opening at Rs. 15,450 against the last ending price of Rs. 15,290. It touched the intra-day high of Rs. 16,150.

Barley prices ended bigger by 0.92 % on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets. At NCDEX, barley futures for April 2015 contract ended at Rs. 1,098.5 per quintal, up by 0.92 %, after opening at Rs. 1,096 against the last ending price of Rs. 1,088.5. It touched the intra-day high of Rs. 1,106.

Mustard Seed prices ended lower by 0.25 % on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At NCDEX, Mustard Seed futures for April 2015 contract ended at Rs. 3,528 per quintal, down by 0.25 %, after opening at Rs. 3,540 against the last ending price of Rs. 3,537. It touched the intra-day low of Rs. 3,526.

Maize prices ended lower by 1.56 % on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of bigger global supplies and weak offtakes from the local buyers. At NCDEX, maize futures for April 2015 contract ended at Rs. 1,202 per quintal, down by 1.56 %, after opening at Rs. 1,212 against the last ending price of Rs. 1,221. It touched the intra-day low of Rs. 1,192.

About Forex Tips

Rupee downward over new demand of dollar

The rupee slide 13 paise at 62.32 against the US dollar in trade today at the Interbank Foreign Exchange due to recognition of the American currency overseas. Fresh desired for the dollar from importers also weighed on the local currency but a bigger opening in the domestic equity market limited the rupee's losses. The rupee had closed 30 paise bigger at 62.19 against the American currency in yesterday's trade on encouraged selling of dollars by banks and exporters on hopes of foreign capital arrival in view of strong equity market.

About Derivatives Updates

Bank Nifty Index opened upward at 18666.60 with +61.15 points up from the last day ending at 18605.45 and ended negative at 18469.30. From the opening we saw hyper movement in Bank Index opened upward and near 10.30 O’clock Bank Index traded with day max of 18669.60 and around 12.45 O’clock Bank Index slide downward and traded with day low of 18351.80, till ending Bank Index regained but could not sustain at its last level and closed negative at 18469.30 with -0.73%, -136.15 points down and the full day Bank Nifty Index traded between 18669.60 to 18351.80 At the end of the market day Bank Nifty futures Loosed -0.97%, -180.50 points downward to close at 18485.00 from the last day ending at 18665.50 with the premium of +15.70 points and percent change in open interest of +8.62%.

Nifty futures opened upward at 8711.65 with +21.85 points from the last day ending at 8689.80. From the opening we saw constantly selling in Nifty Future Nifty opened with day max of 8727.65 and slide downward and near 12.30 o’clock Nifty made a day low of 8616.90 and ended negative at 8640.60. At the end of the day Nifty futures Loosed -0.60%, -52.00 points downward to close at 8637.80 from the last day ending at 8689.80 with daily discount of 22.50 points and percent change in open interest of +1.49%