A STUDY ON FUTURE TREND IN COMMODITY

ABSTRACT

The project is titled as “A STUDY ON FUTURE TREND IN COMMODITY”. It

is done through the descriptive research methodology.

In US, the major revenue is only through the real estate industry. In India,

it is booming. Economic growth plays a vital role in the real estate industry.

There are many economic factors like inflation, per capita income, foreign

direct investments, population, unemployment rate, interest rate and psychological factors

are affecting the real estate sales.

Among all the economic factors, the dominant economic factors which are

considered as affecting the real estate sales are inflation, per capita income, population,

foreign direct investments, HPI, interest rates and GDP.

The analysis is done through various statistical techniques. The correlation

and regression analysis gives out the relationship and the extent of the factors influencing

the sales. The trend analysis gives of the future prediction of the sales.
 The findings of the project will give us the position of India and US in the

real estate industry as of now. It also gives us a clear picture about the factors affecting

the industry in both the countries.

The suggestions are based on our findings and are given to the real estate

developers to improvise the industry in India.

The study can also be extended in future by considering more economic

factors which are influencing the real estate sales.

CHAPTER – I
 INTRODUCTION

1. 1 Introduction

This study conducted for the purpose of making future trend on

commodities in angle broking. In today situation commodity trading is most important

commodities are becoming critical for fuelling India’s economic growth.commodity

futures have become an attractive investment in recent years.

Angel Broking has once again been awarded the prestigious ‘Major

Volume Driver’ award for the second consecutive year of 2005-2006 by The Bombay

Stock Exchange. This coveted title was earlier conferred upon Angel by the BSE for the

year 2004-2005.

This study was very helpful to know about the future trend in

commodityُ(gold,silver,zinc,crude oil, natural gas,nickel,jeera,menthe oil).this survey is

very helpful to conduct seminar on “future Trent in commodities”ُjointly by angle

comtrade ltd.
1∙2 OBJECTIVE OF THE STUDY

♦ Make awareness about the future trend in commodities.

♦collect the information about the future trend in commodities market

♦ compare the current and future trend in commodities.

1.3 SCOPE OF THE STUDY

• This project concentrated over the future trend in commodity and collect

interested persons details in the following segments such as:

♦Future trend in commodities

♦Gold merchants

♦Agriculturists
CHAPTER – II
2.1 INDUSTRY PROFILE

Indian markets have recently thrown open a new avenue for retail investors and

traders to participate commodity derivatives. For those who want to diversity their

portfolios beyond shares, bonds and real estate, commodities are the best option.

Till some months ago, this wouldn’t have made sense. For retail investors could have

done very little to actually invest in commodities such as gold and silver or oilseeds in the

futures market. This was nearly impossible in commodities except for gold and silver as

there was practically no retail avenue for punting in commodities.

However, with the setting up of three multi-commodity exchanges in the country,

retail investors can now trade in commodity futures without having physical stocks.

Commodities actually offer immense potential to become a separate asset class

for market-savvy investors, arbitrageurs and speculators. Retail investors, who claim to

understand the markets, may find commodities an unfathomable market. But

commodities are easy to understand as far as fundamentals of demand and supply are

concerned. Retail investors should understand the risks and advantages of trading in

commodities futures has been less volatile compared with equity and bonds, thus

providing an efficient portfolio diversification option.

 Currently, the various commodities across the country clock an annual turnover of

Rs.140000 crore. With the introduction of future trading, the sizes of the commodities

market grow many folds here on.

Like any other market, the one for commodity futures plays a valuable role in

information pooling and risk sharing. The market mediates between buyers and sellers of

commodities, and facilitates decisions related to storage and consumptions of

commodities. In the process, they make the underlying market more liquid.

“Hedgers, speculations and arbitrators are the types of traders in derivatives markets”.

Hedgers

Hedgers are those who protect themselves from the risk associated with the price

of an asset by using derivatives. A person keeps a close watch upon the prices discovered

in trading and when the comfortable price is reflected according to his wants, he sells

futures contracts. In the way he gets an assured fixed price of his produce.

In general, hedgers use futures for protection against adverse future price

movements in the underlying cash commodity. Hedgers are often businesses or

individuals, who at one point or another deal in the underlying cash commodity.

Take an example:
 A Hedger pays more to the farmer or dealer of a produce if its prices go up. For

protection against higher prices of the produce, he hedges the risk exposure by buying

enough future contracts of the produce to cover the amount of produce he expects to buy.

Since cash and futures prices do tend to move in tandem, the futures position will profit if

the price of the produce raise enough to offset cash loss on the produce.

SPECULATORS

Speculators are some what like a middleman. They are never interested in actual

owing the commodity. They will just buy from one end and sell it to the other in

anticipation of future movement in the price of an asset.

They are the second major group of futures players. These participants include

independent floor trades for their personal clients or brokerage firms.

Buying a futures contract in anticipation of price increase is known as GOING

LONG. Selling a futures contract in anticipation of a price decrease is known as GOING

SHORT. Speculative participation in futures trading has increased with the availability of

alterative methods of participation.

 Speculators have certain advantages over other they are as follows:

1. If the trader’s judgment is good, he can make more money in the futures market

faster because prices tend, on average, to change more quickly than real estate or

stock prices.

2. Futures are highly leveraged investments. The trader puts up a small fraction of

the value of the underlying contract as margin, yet he can ride on the full value of

the contract as it moves up and down. The money he puts up is not a down

payment on the underlying contract, but a performance bond. The actual value of

the contract is only exchanged on those rare occasions when delivery takes place.

ARBITRATORS

According to dictionary definition, a person who has been officially chosen to

make a decision two people or groups who do not agree is known as arbitrators. In

commodities market arbitrators are the person who takes the advantages of a discrepancy

between prices in two different markets. If he finds future prices of a commodity edging

out with the cash price, he will take offsetting positions in both the markets to lock in a

profit. Move over the commodity futures investor is not charged interest on the difference

between margin and the full contract value.

 2.2 COMPANY PROFILE

ANGEL BROKING

Angel Broking has once again been awarded the prestigious ‘Major Volume

Driver’ award for the second consecutive year of 2005-2006 by The Bombay Stock

Exchange. This coveted title was earlier conferred upon Angel by the BSE for the year

2004-2005.
About the Group:

The Angel Group has emerged as one of the top 5 retail stock broking houses in

India, having memberships on BSE, NSE and the two leading commodity exchanges in

the country i.e. NCDEX and MCX. Angel Broking Ltd is also registered as a depository

participant with CDSL. It is the only 100% retail stock broking house offering a gamut of

retail centric services like Research, Investment Advisory, and Wealth Management

Services, E-Broking & Commodities to individual investor.

The group is promoted by Mr. Dinesh Thakkar and professionally managed by a

team of 1998+ direct employees. It has a nation wide network comprising 12 Regional

Centres, 66 branches, 2969+ registered sub brokers and business associates and 6370+

active trading terminals which cater to the requirements of 241777+ retail clients.
WELCOME TO ANGEL BACK OFFICE

Angel Capital & Debt Market Ltd - Futures & Options

Angel Broking Ltd

Angel Securities Ltd - Futures & Options

Angel Commodities Broking (P) Ltd NCDX

Angel Commodities Broking (P) Ltd MCX

Angel Research Reports

E-Contracts : Equity Commodities

Risk Management

Chat

Depository Participant Depository - Clients Depository - POA Report

 ACHIEVEMENT

Angel Broking has once again been awarded the prestigious ‘Major Volume

Driver’ award for the second consecutive year of 2005-2006 by The

Bombay Stock Exchange. This coveted title was earlier conferred upon Angel by

the BSE for the year 2004-2005

Our Vision Our Business Philosophy

To Provide Best Value For Money Ethical practices & transparency in all
 our dealings Customer interest above our own
To Investors Through Innovative
Always deliver what we promise Effective
Products, Trading / Investment Strategies,
cost management
State-of-the-art Technology And

Personalized Service.

Our Vision Our Business Philosophy

We are committed to being the A Customer is the most Important

leader In providing World Class Product Visitor On Our Premises He is not Dependent

& Services Which exceed the on us but We are dependant on him He is not

expectations of our customers Achieved interruption in our work But is the Purpose of

by teamwork and A process of it We are not doing him a favour by serving

continuous improvement He is doing us a favour by giving us an

Opportunity to do
 CHAPTER – III

3∙1 PRODUCT PROFILE

Commodities market, contrary to the belief of many people, has been in existence

in India through the age. However the recent attempt by the government to permit multi-
commodity national levels exchanges has indeed given it, a shot in the arm. as a result

two exchange multi commodity exchange (MCX) and National commodity and

derivatives exchange(NCDEX) have come into being. the future contracts available on a

wide spectrum of commodities like Gold,Silver,Cotton,Steel,Soya oil, Soya beans, Sugar

etc.,

SILVER

General Characteristics

• Silver's unique properties make it a very useful 'Industrial Commodity',

despite it being classed as a precious metal.
 • Demand for silver is built on three main pillars; industrial uses,
photography and Jewellery & silverware accounting for 342, 205 and 259
million ounces respectively in 2002.

• Primary mines produce about 27 percent of world silver, while around 73

percent comes as a by-product of gold, copper, lead, and zinc mining.

• The price of silver is not only a function of its primary output but more a
function of the price of other metals also, as world mine production is more a
function of the prices of other metals.

Million Ounces
2001 2002
Implied Net Disinvestment -9.5 20.9
Producer Hedging 18.9 -24.8
Net Government Sales 87.2 71.3
Sub-total Bullion 96.6 67.4
Scrap 182.7 184,9
Total 279.3 252.3

GOLD

Indian Gold Market

• Gold is valued in India as a savings and investment vehicle and is the

second preferred investment after bank deposits.

• India is the world's largest consumer of gold in Jewellery as investment.

 • In July 1997 the RBI authorized the commercial banks to import gold for

sale or loan to jewelers and exporters. At present, 13 banks are active in the import

of gold.

• This reduced the disparity between international and domestic prices of

gold from 57 percent during 1986 to 1991 to 8.5 percent in 2001.

• The gold hoarding tendency is well ingrained in Indian society.

• Domestic consumption is dictated by monsoon, harvest and marriage

season. Indian Jewellery off take is sensitive to price increases and even more so to

volatility.

• In the cities gold is facing competition from the stock market and a wide

range of consumer goods.

• Facilities for refining, assaying, making them into standard bars in India,

as compared to the rest of the world, are insignificant, both qualitatively and

quantitatively.

Market Moving Factors

•Above ground supply from sales by central banks, reclaimed scrap and official

gold loans

•Producer / miner hedging interest

•World macro-economic factors - US Dollar, Interest rate

 •Comparative returns on stock markets

•Domestic demand based on monsoon and agricultural output

Frequency Dist. of Gold London Fixing Volatility from 1995 till

date
Percentage Change > 5% 2-5% < 2%
Daily
Number of times 4 54 2147
Percentage times 0.2 2.4 97.4
Weekly
Number of times 3 62 376
Percentage times 0.7 14.1 85.3

Biggest Price Movement since 1995

Between September 24 and October 5, 1999, daily prices witnessed a rally of more than

21 %, based on surprised announcement by 15 European central banks of a five-year

suspension on all new sales of gold from their reserves.

 CASTOR OIL

General Characteristics:

Castor oil is used as a raw material in the manufacture of a number of chemicals used in

the manufacture of surfactants, specialty soaps, surface coatings, cosmetics and personal

care products, pharmaceuticals, perfumes, plasticisers, greases and lubricants, and

specialty rubber etc.

Indian Scenario
 1. India is the world leader in castor seed and oil production and dominates

the international castor oil trade.

2. The Indian variety of castor has 48 % oil content of which 42% can be

extracted, while the cake retains the rest.

3. India's castor oil production fluctuates between 2.5-3.5 lakh tons a year. In

2003-04, India's estimated castor oil production was 2.8 lakh tons.

4. Gujarat accounts for 86% of India's castor seed production followed by

Andhra Pradesh and Rajasthan. Castor is mainly grown in Mehsana, Banaskantha

and Saurashtra/Kutch regions of Gujarat and Nalgonda and Mahboobnagar districts

of Andhra Pradesh.

The annual domestic consumption of castor oil in India is only about 80,000-1, 00,000

tons. Of this, the soap industry consumes about 25,000 tons, the paint and allied

industries 35,000 tons and the lubricant and derivatives industry 20,000 tons.

5. India annually exports around 2.0 - 2.4 lakh tons of commercial castor oil.

From India castor oil is exported in two forms - First Special Grade and Castor Oil

Commercial through mainly Kendal port. There is a large scope for improving

India's earning from castor by converting the castor oil to various derivatives.

6. A considerable quantity of the castor oil is also used in adulteration of

edible oils like groundnut oil due to price differential.

Major TradingCentres:

The major castor oil markets in Gujarat are Rajkot, Ahmedabad, Gondal, Gadwal,

Bhabar, and in Andhra Pradesh are Jedcherla and Yemignoor.

 3. SPICES

1. Jeera

General Characteristics

• "Cumin seed (Jeer) is a native of the Levant and Upper Egypt. Now it is grown

mainly in hot countries, especially India, North Africa, China and the Americas.

• "Cumin is stomachic, diuretic, carminative, stimulant, astringent, emmenagogic

and antispasmodic. It is valuable in dyspepsia, diarrhoea and hoarseness, and may

relieve flatulence and colic. It is a widely used spice in India.

• "In the West, it is now used mainly in veterinary medicine, as a carminative, but it

remains a traditional herbal remedy in the East.

 • "It is supposed to increase lactation and reduce nausea in pregnancy. Smoke in a

pipe with ghee, it is taken to relieve the hiccups. Cumin also stimulates the

appetite.

Supply & Demand

• "India is the world's largest producer and consumer of cumin seed India's annual

production of cumin seed ranges between 1 lakh metric tons to 2 lakh metric tons.

• "Besides India, cumin seed is cultivated in Iran, Turkey and in Syria mainly for

exports The new crop in Syria and Turkey is harvested in August - September so

until then Indian cumin seed finds good market in overseas countries.

• "The consumption of cumin seed in rest of the world, leaving India aside is only

between 25,000 to 30,000 tons.

• "Cumin seed is almost exclusively cultivated in Rajasthan and Gujarat.

• "The area under cumin in India increased from 3,15,781 hectares in 2000-01 to

5,26,634 hectares in 2001-02 and the output increased from 1,39,356 tons to

2,06,410 tons in 2001-02.

"Though cumin seed is grown in several districts in Gujarat and Rajasthan The prominent

ones are Banaskantha and Mehsana in Gujarat and Barmer, Jalore, Jodhpur and Nagaur in

Rajasthan.

• "In India cumin seed is a rabi crop sown in October - November and harvested in

February the crop normally arrives in the market in the month of March.

• "India exports cumin seed to Bangladesh, Brazil, Japan, Malaysia, Nepal,

Singapore, UAE, UK, the US and many other countries and cumin seed powder to

UK, the US, etc.

• "India's exports of cumin seed fell from 10,422 tons valued at Rs.93 crores in

2002-03 to 7,957 tons valued at Rs.59 crores in 2003-04.

• "India also exports oleoresins of cumin seed and cumin seed oil to USA, UK,

UAE, etc In 2001-02, India exported 2231 tons of oleoresins oil valued at Rs 3494

lakhs.

Factors Influencing Cumin Markets:

• "The prices display high volatility due to its seasonal nature and widespread

demand within and outside the country.

• "Weather at the production centers, pests and diseases have an influence on the

production of spices.

• "The market is not perfectly organized and this influences the information flow.
2. Pepper

Factors Influencing Cumin Markets

• "The prices display high volatility due to its seasonal nature and widespread

demand within and outside the country.

• "Weather at the production centers, pests and diseases have an influence on the

production of spices.

• "The market is not perfectly organized and this influences the information flow.

Major Indian Markets

 • Kochi, Sulthan Bathery in Kerala is the major primary markets. Nagpur, Indore

and Delhi have recently developed as the major up count

Markets Influencing Factors

• Indian pepper is at a premium against all the international grades. However, the

production and exports of pepper from other locations has a profound influence

on Indian pepper prices too.

• Indian pepper arrives in the market in the beginning of the year. However, distress

selling is not witnessed in pepper and the producers hold back the stock in

anticipation of better prices.

• Government policies with regard to imports and exports.

• Traders allege large-scale imports of pepper from Sri Lanka and re-export from

India as a major price depressing factor and Government has been asked to take

measures to stop this practice.

 3.2 PRODUUTS WITH LOT SIZES

Spot
Price
(Rs.)
s.no Commodity Unit Market
1
ALUMINIUM 1 KGS MUMBAI 110.5
2 ARECANUT 100 KGS MANGALORE 7858
3 BRENTCRUDE 1 BBL MUMBAI 3125

4 CARDAMOM 1 KGS VANDANMEDU 476.8

5 CASHEWKERN 1 KGS QUILON 208
6 CASTOROIL 10 KGS KANDLA 427.3
7 CASTORSD RJK 100 KGS RAJKOT 1984.5
8 CHANA 100 KGS DELHI 2372
9 COCONTOILCKE 100 KGS KOCHI 962
10 COCONUTOIL 100 KGS KOCHI 5096

11 COFFEE ROB 100 KGS KUSHALNAGAR 7335

12 COPPER 1 KGS MUMBAI 317
13 COTTON SEED 100 KGS AKOLA 1160
14 COTTONLONG 1 Candy KADI 21080
15 COTTONMED 1 Maund ABOHAR 2166.5
16 CRUDEOIL 1 BBL MUMBAI 2993
17 FURNACEOIL 1000 KGS MUMBAI 16345
18 GNUTOILEXP 10 KGS RAJKOT 793.5
19 GOLD 10 GRMS AHMD 8711
20 GUARGUM 100 KGS JODHPUR 4482
21 GUARSEED 100 KGS JODHPUR 1692.5
22 GUR 40 KGS MUZNGR 522.7
23 HDPEHM 1 KGS MUMBAI 85.6
24 JEERA 100 KGS UNJHA 11228
25 KAPASKHALI 50 KGS AKOLA 376.2
26 LEAD 1 KGS MUMBAI 125.9
27 MAIZE 100 KGS NZMBAD 750.5
28 MASUR 100 KGS INDORE 2878
29 MENTHAOIL 1 KGS CHANDAUSI 486.6
30 MUSTARD OIL 10 KGS JAIPUR 506.4
31 MUSTRDSD JPR 20 KGS JAIPUR 448.55
32 NATURAL GAS 1 mmBtu HAZIRABAD 257.4
33 NICKEL 1 KGS MUMBAI 1305.6
34 PEPPER 100 KGS KOCHI 14771
35 POTATO 100 KGS AGRA 621.8

36 POTATO TKR 100 KGS TARKESHWAR 640.4

37 PPTQ 1 KGS MUMBAI 81
38 PVC 1 KGS DELHI 53.7
39 RCBR OILCAKE 1 MT RAIPUR 3695
40 RED CHILI 100 KGS GUNTUR 4389
41 REFSOYOIL 10 KGS INDORE 501.8
42 RUBBER 100 KGS KOCHI 8275
43 SESAMESEED 100 KGS RAJKOT 4205
44 SILVER 1 KGS AHMD 17444
45 SOURCRDOIL 1 BBL MUMBAI 2831
46 SOYABEAN 100 KGS INDORE 1627
47 SOYMEAL 1000 KGS INDORE 10920
48 SPONGEIRON 1 MT RAIPUR 13680
49 STEEL FLAT 1000 KGS MUMBAI 27580
50 STEELLONG 1 MT BHAVNAGAR 21830
51 SUGAR S 100 KGS KOLHAPUR 1308
52 SUGARM 100 KGS MUZNGR 1454
53 TIN 1 KGS MUMBAI 573.5
54 TURMERIC 100 KGS NZMBAD 2121
55 ZINC 1 KGS MUMBAI 143.4
CHAPTER –IV
 4.1. RESEARCH DESIGN

The study is conducted to make know about the future trend in commodity.

TYPE OF DATA:

1. Primary data:

Data collected through questionnaires.

2. Secondary data
 Data collected from angle comtrade at Salem through their study material, fact

sheets, key information memorandum and related documents.

The relevant information was collected from different books, journal and web

sites.

SURVEY DETAILS;

1. Primary Data

Details of design at a glance:

Objective:

1 To study on the trends in commodity future trading in Salem city.

2 Place of study- the survey was done among the business people in Salem city.

Period of study:-study is conducted in period of 9th July 2007 to 25th July 2007

Sample design: Random sampling method is followed to draw the sample from total

population.
Techniques of data collection: schedules are used and respondents are interviewed to

records their answer in the schedule.

Secondary Data:

Details of design at a glance;-

Objective

• To study on trends in commodity future trading in Salem city.

To collect the customer awareness details about commodity market

ANALYSIS OF DATA

Data are analyzed using

 Simple average technique

 Graphs

 Charts

 Excel application etc.,

 4.2 DATA ANALYSIS AND TOOLS OF STUDY

Analysis is done with the help of Excel Application.

Tools used are:

• SIMPLE AVERAGE TECHINIQUE

• BAR CHARTS

• PIE CHARTS
CHAPTER-V
5.1. DATA ANALYSIS AND INTERPRE

TABLE: 1

AGE

AGE NO.OF.RESPONDEN PERCENTAGE

TS
18-28 30 20

28-38 55 36.67

38-48 45 30

ABOVE 50 20 13.33
 150 100

AGE WISE RESPONDENTS

100
90
80
70 PERCENTAGE
60
NO.OF.RESPOND
50
ENTS
40
AGE
30
20
10
0
1 2 3 4 5 6 7 8 9

INFERENCE-

20% of the total respondents were coming under the age group 28-38.

36.67% of the respondents come under the age 28-38.

30% respondents were under the age group 38-48.

Respondents above age 48 holds 13.33 of the total respondents.

From the above analysis its clears that most of the investors are of middle aged group
 TABLE: 2

GENDER

GENDER NO.OF.RESPONDE PERCENTAGE

NTS
Male 140 93.3

Female 10 6.7

150 100

CHART SHOWN FOR GENDER CATEGORIZATION

140

120

100
Series1
80 Series2
Series3
60 Series4
Series5
40
Series6
20

0
GENDER PERCENTAGE
 INFERENCE: 93.3% of the respondents are male, female respondents holds the

balance 6.7% this clearly shows the curiosity shown by male towards Commodity futures

trading.

TABLE: 3

OCCUPATION

NO.OF PERCENTAGE
OCCUPATION
RESPONDENTS

112 74.666
Gold Merchants

whole sale 17.333

26
Merchants

12 8
Others
Occupation

120

100

80 NO.OF
RESPONDENTS
60
PERCENTAGE
40

20

0
whole sale
Merchants

Merchants
Gold

INFERENCE:
 74.666% of the respondents are, Gold Merchants, and 17.33 % of the

respondents are whole sale merchants.

This clearly shows the curiosity shown by Gold merchants towards

HEARDABOUT NO.OF PERCENTAGE

COMMODITY RESPONDENTS
YES 123 82
NO 27 18
TOTAL 150 100
Commodity futures trade.

TABLE 4

HEARD ABOUT COMMODITY:

160
140
120
100
80 YES
60 NO
40 TOTAL
INFERENCE:
20
0
NO.OF PERCENTAGE 1. 83% of the
RESPONDEN TS

respondents heard about the

commodity.

2.18% of the respondents cant heard about the commodity.

This clearly shows the most of the people know about the commodity.

TABLE: 5
 FUTURE TRENDS IN COMMODITY

FUTURE TREND IN INTERESTING PERCENTAGE

COMMODITY MARKET PERSONS

YES 127 84.66

NO 23 15.33

TOTAL 150 100

250 PERCENTAGE
200
150
INTERESTING
100 PERSONS

50
FUTURE TREND
0 IN COMMODITY
MARKET
1 2 3 4 5

INFERENCE:

84.666% of the respondents are know about the future trend in commodity.

15.33% of the respondents are cant know about the future trend in commodity.

This clearly shows most of the respondents like to welcome future trend

in commodity.

5.2 FINDING OF STUDY

 20% of the total respondents are coming under the age group 20-30. 36.67% of the

respondents come under the age 30-40. 30% respondents are under the age group 40-

50. Respondents above age 50 hold 13.33% of the total respondents.

From the above analysis its clears that most of the investors are of middle aged

groups.

A. 93.3% of the respondents are male, female respondents holds the balance 6.7%.

B. This clearly shows the curiosity shown by male towards Commodity futures

trading.

C. The most of the respondents in study is gold merchants the 74.67% of the

respondents are the Gold merchants.

D. After my survey 82%peoples are learned about Commodity future trading.

E. The 64% of respondents in 150 is interested in trading in the commodity future

trading.

5.3 SUGGESTIONS
There should more trading awareness programme conducted to increase the

awareness about the commodity futures among the business men.

A. The ANGEL BROKING LIMITED can employ more marketing staff in Salem

for a better reach in deeper parts of the city.

5.4. CONCLUSION
 From the study it is clear that awareness about Commodity futures Trading is

Important for Business men to make an investment and trading.

There is a wide variety of options for Indian Commodity trader’s investment up

Because of the new economic policy of the Indian government .Because of the lack of

Knowledge about the opportunities in front of them most of the businessmen make

Their Commodity futures trading investment in avenues that least suit them. From the

Possibilities of investing in study itself it is clear that a very few of the investors are

Aware about the Commodity futures trading and their importance .So Salem is

Potential market for Angel broking both for depository services and commodity trade
services.

5.5 BIBLIOGRAPHY
1. FINAPOLIS : Angel magazine

2. Websites : www.angelbroking.com

www.mcx.com

www.Ncdex.com

www.Bse.com
Thank you