Monday 18 May 2015

NCDEX SOYABEAN SHORT TERM BULLISH ON FALL IN OUTPUT

Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips , MCX Tips Services
Fall in Indian production as per 3rd Advanced Estimates kept trend up for Soybean after the recent fall. With a decrease of 5.37 million tons over last year, total production of oilseeds in the country is estimated at 27.38 million tonnes—as per 3rd Advanced estimates by GoI. Soybean production is estimated at 10.70 million tons.
Soybean June contract is bullish for both short term and intra day. Short term support is seen at 4050 and resistance at 4250. Intra day support is seen at 4110 and resistance at 4160.
NCDEX Soybean June futures were seen trading up by 1.02 per cent to 4145 levels on Monday .
Soybean production is projected at 3,850 million bushels, down 119 million from 2014 crop with record harvested area more than offset by lower yields. Supplies are projected 4,230 million bushels, up 3.4% from w014/15 with rising beginning stocks more than offsetting lower production.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips , MCX Tips Services and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

0 comments:

Post a Comment