Sunday 16 August 2015

AGRI COMMODITY MARKET TIPS FOR 17 AUG 2015

Agri commodity calls, Agri Commodity Tips, Commodity intraday tips, Free Agri Tips, free commodity tips, Turmeric Tips,
Turmeric September futures traded on a surged up on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice increased by 1.82% to 7510 level at NCDEX. Turmeric found strong support at the lower levels as pick up in demand at these lower levels amidst prospects of Monsoon weakening in August kept supporting market sentiments. There were apprehensions that it may adversely impact the production in non-irrigated areas, even as reports indicate overall sowing had been good so far.
TURMERIC (SEPTEMBER) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 7670,
RESISTANCE 1: 7590,
SUPPORT 1: 7400,
SUPPORT 2: 7290.
STRATEGY: BUY ON DIPS
The NCDEX Soyabean October futures Slipped by -0.48% in the last trading to close at 3113 level till Friday closing. India’s soy meal prices are unable to support the domestic bean market in current term. This is because competitive meal price in South America has resulted in demand shift from Indian meal. Subdued demand for oil meal had been constantly putting pressure on the entire edible oil seed complex since past few weeks.
SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2:3200,
RESISTANCE 1: 3150,
SUPPORT 1: 3080,
SUPPORT 2: 3060.
STRATEGY: SELL ON RISE
Chana futures traded on a positive note on increased demand on Friday (5.00PM). Chana May l contract gained 0.79% to 4569 levels. Chana rates recovered further as some rise in demand at these lower levels supported the prices. Higher arrivals amidst good sowing reports had prevented a strong recovery however. Prospects of a week Monsoon in Aug-Sep—as projected by IMD could cause a moderate recovery in price in coming weeks. Lower production, low stocks and rising demand are likely to support the prices in the medium term as do prospects of improved domestic demand.
CHANA (SEPTEMBER) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 4600,
RESISTANCE 1: 4585,
SUPPORT 1: 4540,
SUPPORT 2: 4510.
STRATEGY: BUY ON DIPS
The NCDEX Dhaniya September futures surged up by 0.04% in the last trading to close at 10305 level on Friday. Special Margin of 10% (in cash) on the Long side will be imposed on all running contracts and yet to be launched contracts in Coriander (DHANIYA) with effect from beginning of day Wednesday, June 03, 2015.
DHANIYA (SEPTEMBER) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 10580,
RESISTANCE 1: 10440,
SUPPORT 1: 10180,
SUPPORT 2: 10050.
STRATEGY: SELL ON RISE
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1 comments:

  1. Buy Kaveri Seeds 540 Put Option above 25 TGT 31 & 39 SL 18.

    Ncdex Tips

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