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Sumeet Bagadia's Desk: Commodity Momentum Pick Update:
ZINC-Jun, CMP 374, Approx. Profit of Rs.25500 at cmp, View given onn the same day
Sumeet Bagadia’s Desk : Book Part Profit @ 374.00...Buy in Commodity ZINC|30JUN26 @ 368.90 SL 362.00 TGT 382.70
Sumeet Bagadia’s Desk:Buy GOLDM|03JUL26 in Commodity @ 157975.00 SL 157676.00 TGT 158573.00
Copper Update
Vedanta’s Konkola Copper Mines began a 60-day shutdown of Zambia’s Nchanga smelter for maintenance. Combined outages at Mopani and Chambishi could tighten copper and sulphuric acid supplies amid disruptions linked to the Iran conflict.
Impact: Positive for Copper.
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Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in ZINC|30JUN26
Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in ZINC|30JUN26
Sumeet Bagadia’s Desk : Stopped Out @ 305.5...Buy in Commodity NATURALGAS|25JUN26 @ 307.50 SL 305.60 TGT 311.30
Crude Oil Update
IEA oil division chief warned oil inventories could fall to critical levels before the summer demand peak.
Impact: Positive for Crude Oil.
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Sumeet Bagadia’s Desk:Buy NATURALGAS|25JUN26 in Commodity @ 307.50 SL 305.60 TGT 311.30
Sumeet Bagadia’s Desk : Exit @ 13.6...Buy in Commodity NATURALGAS|23JUN26 CE 310.00 @ 13.45 SL 11.70 TGT 16.95
Crude Oil Update
The US continued large releases from its Strategic Petroleum Reserve to offset energy market disruptions from the Iran conflict. SPR inventories fell to 357.1 million barrels, raising concerns that prolonged withdrawals could weaken emergency response capacity during future supply shocks.
Impact: Positive for Crude Oil.
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Sumeet Bagadia’s Desk : Book Part Profit @ 373.4...Buy in Commodity ZINC|30JUN26 @ 372.50 SL 371.60 TGT 374.30
Sumeet Bagadia’s Desk:Buy ZINC|30JUN26 in Commodity @ 372.50 SL 371.60 TGT 374.30
Daily LME Stock Update
LME stocks: copper down 1,800 tonnes, nickel down 1,104 tonnes, aluminium down 2,250 tonnes, tin down 5 tonnes; lead unchanged, zinc unchanged.
Impact: Positive for Base metal.
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Sumeet Bagadia’s Desk : Book Profit @ 390...Buy in Commodity CRUDEOIL|16JUN26 PE 8600.00 @ 374.00 SL 340.00 TGT 442.00
Aluminium Update
Aluminum rose as Gulf supply disruptions persisted, with Iran-US tensions, refinery attacks, and Guinea’s tighter bauxite controls squeezing output. Cash premiums hit 19-year highs, even after Trump cut steel and aluminum derivative tariffs to 15%.
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Sumeet Bagadia’s Desk:Buy NATURALGAS|23JUN26 CE 310.00 in Commodity @ 13.45 SL 11.70 TGT 16.95
Geopolitical Update
Iran was still reviewing the final text of a possible memorandum of understanding with the United States and has not yet sent a response, semi-official Mehr News reported.
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Sumeet Bagadia’s Desk : Book Full Profit @ 2800...Buy in Commodity GOLDM|26JUN26 CE 158000.00 @ 2667.50 SL 2540.00 TGT 2922.50
Sumeet Bagadia’s Desk:Buy CRUDEOIL|16JUN26 PE 8600.00 in Commodity @ 374.00 SL 340.00 TGT 442.00
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