Friday 14 November 2014

Buy Kharif Maize, RM Seed


NCDEX, NCDEX Turmeric,soyabean NCDEX, Future Trading Tips
RM seed Dec NCDEX:- Prices rebounded from the low of 3842 and later closed the day at 3863 levels. If prices break the recent high of 3870 in the contract chart, expect to continue buying momentum towards 3890 followed by 3920/3960 levels. Moreover, the daily RSI seems positive. However, if prices break the immediate support of 3840, could see profit booking extending towards 3810 levels. For the day, we recommend to buy RM seed above 3870, targeting towards 3920 levels.

Turmeric Dec NCDEX :- As prices broke the support of 6520, profit booking is on cards and expect to continue the same towards 6270 levels. Break below the support could see a deep correction to 6000 levels.

Soybean Dec NCDEX :- Prices need to break above 3415 for the strong upside rallies to 3470 level. Else could see profit booking.

Kharif maize Dec NCDEX :- As prices are firmly trades above 1172, sentiments could be more positive, expecting upward bias to 1200 followed by 1220 or even higher to 1250 levels.

Strategies:-
BUY KHARIF MAIZE ON DIPS
SELL REFINED SOY OIL BELOW 585
BUY RM SEED ABOVE 3870

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