to 54646 Contact Person: Sagar Karvat - 077383 80033, e-mail

More documents

Recommendations

Info

Educating Investors In The Oxford Of The East The fourth in the series of commodity camps called Beyond Mandi, organized by Nirmal Bang, one of the leading broking houses in India, in association with Zee Business, was held in Pune. A good crowd of people comprising traders and investors alike turned up at the Pride Hotel, Pune to hear market mavens like Anjani Sinha, MD & CEO at NSEL; Kunal Shah, Head of Commodity Research at Nirmal Bang and Manish Rangari, CEO of the Indian Bullion Association discuss the opportunities offered by the commodities market and the future of this asset class with Amish Devgan, Commodity Editor and Anchor at Zee Business. Amish Devgan kick-started the camp by introducing the panelists. He stated that the discussion would mainly focus on the advantages of investing in the spot and futures market. He told the audience that the speakers would be guiding them in getting favourable returns from commodity trading and speak about the future of the commodity markets too. 56 Anjani Sinha, MD & CEO of NSEL Anjani Sinha is the MD & CEO of National Spot Exchange Ltd (NSEL). He has over two decades of experience and deep knowledge of commodity derivatives and spot markets. His previous stint was with the Ahmedabad Stock Exchange. Prior to that, he was associated with the Bombay Commodity Exchange Ltd, Interconnected Stock Exchange of India Ltd (ISEI) and Magadh Stock Exchange. Beyond Market 04th Feb ’11 With right advice from experts, individuals can make the most of the ongoing rally in the commodities market Amish Devgan, Commodity Editor and Anchor at Zee Business Anjani Sinha commenced the discussion and spoke about how each and every investor could take advantage of the commodity markets, thanks to the development of new investment products. He went on to speak about the ‘E-series’ instruments introduced by NSEL in March last year. Sinha also mentioned that up till now four such instruments have been developed for investors by NSEL. He said that all the ‘E-series’ products have been giving good returns and explained the process of investing in them to the audience. He expects the commodity markets to grow manifold and advised investors to make small investments from time to time. Sinha suggested that investors could also convert their commodity investments into the physical form and reap profits on a regular basis. It’s simplified...
Kunal Shah Head of Commodity Research at Nirmal Bang Kunal Shah serves as the Head of Commodity Research at Nirmal Bang. He closely tracks precious metals, base metals, energy and agricultural commodities. He addresses seminars on the outlook of commodities across the country. He appears regularly on business channels. He is also sought by the print media and wire services too, on a regular basis. Prior to Nirmal Bang, he was associated with Motilal Oswal Commodities Pvt Ltd, where he managed the research desk. Beyond Market 04th Feb ’11 The next speaker in line was Kunal Shah, who chose to delve on commodities as an asset class, its value, the opportunities and outlook in the coming times as well as the potential risks involved in commodity trading. Where opportunities are concerned, Shah said that the volumes have grown by leaps and bounds even though most have not got the permission to enter the commodity markets. He moved on to the do’s and don’ts to be followed by market participants while trading in the commodity markets. According to him, all those entering the commodity markets should have adequate knowledge and must only trade as per individual capacity and keep a futuristic view while trading in commodities. He attributed the rise in commodity prices to a number of reasons, including liquidity. He told the audience that where fundamentals are strong, there will be liquidity. Shah also mentioned that commodities have outperformed other asset classes globally because currently commodity fundamentals are quite strong. Shah said that in the coming times, the population is bound to rise and the demand will maintain an upward pressure on commodity prices. He spoke about commodity index funds and said that he sees a liquidity-driven run up in the markets since the value of commodities is rising. Talking about the outlook of the commodities market, Shah said that inflation is on a rise due to a gap in the demand and supply of agro commodities. He is bullish on agro commodities till no substantial rise is visible in their supply. He also listed out various reasons supporting his bullish outlook on agricultural commodities. Shah said that there has been no major correction in commodities but inflation is rising due to global uncertainties like the European sovereign debt crisis and excess liquidity. Rising commodity prices will affect the profitability of companies. The slackening growth in China, weak housing market data in the US and high frequency trading that has been adopted globally are all posing a problem presently and could do so in the future too. Shah feels that rising rates could affect growth prospects of economies and, in turn, affect commodity prices. In agro commodities, Shah feels guar seed could test `2,900 level and guar gum could touch the `7,200 level in a month’s time. Shah expects soya bean prices to drop and advised investors to accumulate it on declines as he sees soya bean giving good returns in the coming year. He is bullish on coriander seeds and thinks the price will touch `6,000/quintal – `7,000/quintal in the next four months or so. Long positions in cumin seeds are to be avoided in the near future. As far as base metals are concerned, Shah feels that only nickel is strong and one could enter around the level of `1,130/kg – `1,135/kg and see the level of `1,200/kg – `1,230/kg. Copper can be shorted around the level of `450/tonne – `455/tonne with a stop loss of `460/tonne - `465/tonne. He feels that zinc, as a base metal, is fundamentally weak. Shah warns investors of the ongoing rally in other base metals and thinks that the short-term outlook is not very positive but he is bullish on base metals with a long-term investment perspective. Shah does not see much of an upside fundamentally in crude oil and believes it will go up to a maximum price of $95/barrel - $96/barrel. In the near term, a correction in precious metals is likely but the long-term outlook is bullish. It’s simplified... 57
Page 1:
For Private Circulation Volume 1 Is
Page 4 and 5:
4 Halted In The Tracks While most c
Page 6 and 7: 6 Macro economic management is quit
Page 8 and 9: 8 Beyond Market 04th Feb ’11 The
Page 10: 10 ment in the past couple of month
Page 13 and 14: In the last one year, shares of inf
Page 15 and 16: SURVIVAL INSTINCT Right from increa
Page 17 and 18: ase. As a result, these players cho
Page 19 and 20: India is one of the few countries i
Page 21 and 22: GUIDELINES ON STEM CELL RESEARCH
Page 23 and 24: While IRDA has stated that the laps
Page 25 and 26: Niche Product Segment: Orchid Pharm
Page 27 and 28: Nirmal Bang in association with Zee
Page 29 and 30: the economy has led to higher liqui
Page 31 and 32: Hence, over the past year, Chinese
Page 33 and 34: Fortnightly Outlook For Currencies
Page 35 and 36: e-way a To Mutual Funds Beyond Mark
Page 37 and 38: SMS ‘BANG MF’ to 54646 e-mail:
Page 39 and 40: If a CPF is a three-year, close-end
Page 41 and 42: TECHNICAL OUTLOOK FOR THE FORTNIGHT
Page 43 and 44: BULK DEALS Bulk deals take place fr
Page 45 and 46: MOVERS AND LAGGARDS IN MUTUAL FUND
Page 47 and 48: UK Sinha, the successor to SEBI chi
Page 49 and 50: A Wake-up Call Beyond Market 04th F
Page 51 and 52: EQUITIES | DERIVATIVES | COMMODITIE
Page 53 and 54: Come February and all eyes shift fo
Page 55: LEARN THE ART OF COMMODITY INVESTIN
Page 59 and 60: 1.6603 in
show all

to 54646 Contact Person: Sagar Karvat - 077383 80033, e-mail

Create successful ePaper yourself

Delete template?

Save as template?