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Jeera to trade in 18100-18580: Achiievers Equities

Achiievers Equities’ commodity report on Jeera Jeera trading range for the day is 18100-18580. Jeera prices dropped tracking weakness in spot demand amid continued profit booking. Though, exports demand is increasing while the stocks in the Exchange warehouse are diminishing. NCDEX accredited warehouses jeera stocks gained by 18 tonnes to 1235 tonnes. SELL JEERA JUL 2017 @ 18500 SL 18680 TGT 18380-18250.NCDEX. For all commodities report, click here Disclaimer: The

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Expect Copper prices to trade sideways today: Angel Commodities

Angel Commodities’ report on Copper LME Copper prices ended flat on Thursday to close at $ 5742/t as data from the ICSG showed the global world refined copper market shifted to a 5,000 tonne deficit in March, compared with a 102,000 tonne surplus in February. Outlook LME Copper prices are currently trading lower by 0.1 percent at $ 5735/t. Prices are expected to trade sideways today as latest comments by

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Zinc to trade in 166.9-178.5: Achiievers Equities

Achiievers Equities’ commodity report on Zinc Zinc trading range for the day is 166.9-178.5. Zinc gained as the market focused on falling stocks in LME warehouses, which at 304,000 tonnes are down nearly 30 percent since January. Only 40% of lead and zinc mines in Fujian Province, China remained in normal production at present because of environmental protection pressure. WBMS reported global zinc supply was in 106,000 tonnes of deficit

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Expect Crude Oil prices to trade lower today: Angel Commodities

Angel Commodities’ report on Crude Oil WTI oil prices rose by 0.5 percent on Thursday on bargain hunting at lower levels while supply glut ceased to ease despite highest compliance by OPEC and non-OPEC oil producers’ with the deal to cut output in May. Outlook We expect oil prices to trade lower today as supply overhang continues to bother oil markets with increasing rig counts in the US and recovery

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Copper to trade in 363.9-376.1: Achiievers Equities

Achiievers Equities’ commodity report on Copper Copper trading range for the day is 363.9-376.1. Copper prices gained spurred on by data showing the metal’s shift to global a supply deficit. The global world refined copper market showed a 5,000 tonne deficit in March, compared with a 102,000 tonne surplus in February. In the first quarter of this year, the world mine production is estimated to decline by around 3.5 percent

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Turmeric futures expected to trade higher: Angel Commodities

Angel Commodities’ report on Turmeric NCDEX July Turmeric closed higher by 3.66% to settle at Rs. 6,236 per quintal on Thursday due to good physical demand. Turmeric prices regain its 2 month high yesterday. Market arrivals dropped about 60% in June compared to May. Outlook Turmeric futures expected to trade higher on improving demand from upcountry buyers and expectation that farmer may sow lesser area this season. Profit booking at

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Crudeoil to trade in 2701-2851: Achiievers Equities

Achiievers Equities’ commodity report on Crudeoil Crudeoil trading range for the day is 2701-2851. Crude oil gains paring some of the losses sustained in recent sessions but sentiment remained bearish as investors continue to fret about rising global stockpiles. The move comes a day after EIA said that crude stockpiles fell by roughly 2.45m barrels in  the week ended June 16, above expectations of draw of about 2.1m barrels. According

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Silver to trade in 37851-38717: Achiievers Equities

Achiievers Equities’ commodity report on Silver Silver trading range for the day is 37851-38717. Silver rose benefiting from risk aversion as weaker oil prices dented stocks while the dollar retreated. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 241,000 for the week, the Labor Department said. Holdings at ishares silver trust gained by 0.64% i.e.67.66 tonnes to 10571.73 tonnes from 10504.07 tonnes. BUY SILVER JUL 2017

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GST is a positive step for sugar manufacturing as purchase tax no longer applicable: Narendra Murkumbi, Shree Renuka Sugars

Monsoons have arrived and as per the met department rainfall is at 104 percent in June, which is much above the normal levels. A better than expected monsoon means bumper harvest but the cascading effect is seen on prices of agri commodities and sugar is among the worst hit. Prices in domestic market are at a six month low and global prices are at sixteen month low. Sugar companies

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Zinc market for has been in deficit supply which has driven up the prices: David Lennox, Fat Prophets

Helios Cap’s Samir Arora is nervous about midcaps; is short on pharma, tech, telecom

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