NCDEX Turmeric April futures traded on a negative note on Friday .Turmeric spice surged up by -1.64% to 8972 level on Friday at NCDEX .Moderate firm trend persisted for Turmeric as low stocks and lower production reports are likely to support prices in the medium to long term.
NCDEX Soyabean February futures surged by 0.90% in the last trading to close at 3492 level till Thursday closing . Bearishness in International markets kept trend weak for Soybean as higher production reports prevented a strong recovery for the commodity .
Chana futures traded on negative note on consolidate demand on Friday .Chana January contract gained -2.61% to 3364 levels on Friday .The 2nd advance estimate by Rajasthan state agriculture department projected 12.24 lakh tons of chana this year, while it had touched 16.40 lakh tons last year.
NCDEX Dhaniya April futures surged up by 2.93% in the last trading to close at 7457 level on Friday .Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market .
CS TURMERIC (APRIL) LEVEL
TREND MIXED TO BEARISH STRATEGY: SELL ON RISE
RESIST 2:9370 / RESIST 1:9180 SUP1:8800 / SUP2:8610
TREND MIXED TO BEARISH STRATEGY: SELL ON RISE
RESIST 2:9370 / RESIST 1:9180 SUP1:8800 / SUP2:8610
NCDEX Soyabean February futures surged by 0.90% in the last trading to close at 3492 level till Thursday closing . Bearishness in International markets kept trend weak for Soybean as higher production reports prevented a strong recovery for the commodity .
CS SOYABEAN (FEBRUARY) LEVEL
TREND MIXED TO BULLISH STRATEGY: BUY ON DIPS
RESIST 2:3500 / RESIST 1:3485 SUP1:3460 / SUP2:3440
TREND MIXED TO BULLISH STRATEGY: BUY ON DIPS
RESIST 2:3500 / RESIST 1:3485 SUP1:3460 / SUP2:3440
Chana futures traded on negative note on consolidate demand on Friday .Chana January contract gained -2.61% to 3364 levels on Friday .The 2nd advance estimate by Rajasthan state agriculture department projected 12.24 lakh tons of chana this year, while it had touched 16.40 lakh tons last year.
CS CHANA (FEBRUARY) LEVEL
TREND BEARISH STRATEGY: SELL ON RISE
RESIST 2:3500/RESIST 1:3435 SUP1:3335/SUP2:3300
TREND BEARISH STRATEGY: SELL ON RISE
RESIST 2:3500/RESIST 1:3435 SUP1:3335/SUP2:3300
NCDEX Dhaniya April futures surged up by 2.93% in the last trading to close at 7457 level on Friday .Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market .
CS DHANIYA (APRIL) LEVEL
TREND MIXED TO BULLISH STRATEGY: BUY ON DIPS
RESIST 2:7730/ RESIST 1: 7600 SUP1:7265/SUP2:7065
TREND MIXED TO BULLISH STRATEGY: BUY ON DIPS
RESIST 2:7730/ RESIST 1: 7600 SUP1:7265/SUP2:7065
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