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Month: June 2015

Nickel test year’s low on SHFE move

Shanghai futures exchange approved 3 foreign brands of nickel to be available for delivery. There were concerns about the physical shortage of nickel as unlike LME, foreign nickel brands were not allowed for delivery in the Shanghai Futures Exchange (SHFE). Currently, SHFE allowed only domestic nickel brands for delivery which […]

The Sword Called Greece – IV

Greek 10 year bond yields skyrocket The Greek crisis might just be reaching climax. The referendum to be voted by Greek citizens on July 5th would confirm the fate of Greece with Eurozone. This uncertainty and a confirmed default on IMF debt repayment caused the benchmark 10 year Greek bond […]

The Sword Called Greece – III

The dilemma continues with Tsipras We have reached the deadline of June 30th when Greece promised to repay “the bundled” IMF debt totalling 1.6 billion euros. However, no agreement has yet been reached between the creditors and their Greek counterparts. What we now can see is Greece is staring at […]

Jeera View Achieves Target

NCDEX Jeera has successfully tested 15,600 levels on the downside as predicted in our blog released on June 5. The price move has however been at the reluctant end. A closing below 15,500 levels could take prices further lower to 14900 levels. The downside however, looks temporary as buying would […]

How The Zinc Story Was Over-blown

Zinc prices rallied by almost 20 percent during the month of April where the zinc prices made an high of Rs 154 per tonne on MCX on brighter outlook for the metal and expectation of huge deficit on account of large mine depletion. But, the whole picture changed with the […]

NCDEX Dhaniya staring at 10,000 level

NCDEX Dhaniya prices have doubled in past three months. The prices are seen forming an immediate double top around 1400 levels. We are now showing reluctant profit taking from the recent peak of 13750 levels. The prices are currently trading below Fibonacci retracement at 23.6% of 11950 levels. A daily […]

NCDEX Turmeric prices hit 7000 mark

NCDEX Turmeric (TMC) Prices have successfully tested our first target at 7100 after the blog was released last week. One should note that the advent of monsoon season have started selling spree across the agri-commodity counters on NCDEX. We till should see 6900 levels being tested on the downside in […]