Wednesday 21 January 2015

AGRI COMMODITY REPORT & LEVELS FOR - 22 JAN 2015

Turmeric Tips, Soyabean Tips, agri commdity tips, free agri calls, AGRI NCDEX/MCX Tips , Agri Fututre TipsNCDEX Turmeric April futures traded on a negative note on Wednesday . Turmeric spice easied by -4.00% to 8596 level on Wednesday (5.00pm) at NCDEX .Turmeric traded slightly lower as traders waited for the prices to cool before initiating fresh demand in mandis. Low stocks and lower production reports are however likely to support prices in the medium to long term. Demand from North India is also expected to rise in coming weeks.
CS TURMERIC (APRIL) LEVELS
TREND   BEARISH
RESIST 2:9180
RESIST 1:8890            
SUP1:8450
SUP2:8300
STRATEGY: SELL ON RISE

NCDEX Soyabean February futures eased by -1.97% in the last trading to close at 3390 level till Wednesday closing . Moderate firm ness was noted for Soybean last week even as no strong recovery was noted in the International markets. Firm demand in domestic market kept trend slight firm as traders anticipate demand to rise even further in coming weeks . Higher projections for global production could however keep a tap on the rising rates.
CS SOYABEAN (FEBRUARY) LEVELS
TREND  MIXED TO BULLISH
RESIST 2:3505
RESIST 1:3450
SUP1:3355
SUP2:3315
STRATEGY: BUY ON DIPS


NCDEX Chana futures traded on a negative note on incresed demand on Wednesday .Chana January contract gained -1.81% to 3362 levels on Wednesday (5.00PM). Prices recovered from the lower levels on improved demand. The recent rains in some parts of Rajasthan had pressurized prices as that was considered beneficial for the standing crop. Any further rains in coming days there could again pressurize prices to some extent. However, lower sowing reports and expectations of a pick up in demand at the lower levels are likely to support the prices in coming weeks.
CS CHANA  (FEBRUARY) LEVELS                        
TREND  MIXED TO  BEARISH
RESIST 2:3450
RESIST 1:3410
SUP1:3330
SUP2:3295
STRATEGY: SELL ON RISE
NCDEX Dhaniya April futures eased by -1.54% in the last trading to close at 7410 level on Wednesday . Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market . Dhaniya is common in South Asian Middle Eastern Central Asian Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.
CS DHANIYA (APRIL) LEVELS
TREND   MIXED TO BEARISH
RESIST 2:7685
RESIST 1: 7550             
SUP1:7280
SUP2:7140
STRATEGY: SELL ON RISE

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