Turmeric October futures traded
on a Surged up on Friday (5.00pm) at India's National Commodity &
Derivatives Exchange (NCDEX). Turmeric spice increased by 2.44% to 7808 level
at NCDEX. As per Telengana Agricultural Department, till 29th July, around 36K
ha area has been sown under turmeric vs 37K ha same time last year. Total
50,000 ha area is covered. Moreover, in AP, around 6100 ha area has been seeded
till date vs 6K ha last year. During 2014-15, India exported around 86K tons
which is higher by 8500 tons than last year. In 2013-14, around 77500 tons was
exported. Masala Board has fixed a target for export of 80K tons for 2014-15.
TURMERIC (OCTOBER) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 8040,
RESISTANCE 1: 7920,
SUPPORT 1: 7650,
SUPPORT 2: 7480.
STRATEGY: SELL ON RISE
TREND: MIXED TO BEARISH
RESISTANCE 2: 8040,
RESISTANCE 1: 7920,
SUPPORT 1: 7650,
SUPPORT 2: 7480.
STRATEGY: SELL ON RISE
The NCDEX Soya bean October
futures Surged up by 0.19% in the last trading to close at 3214 level till
Friday closing. SOYABEAN : - Timely planting and sufficient rains through most
of July in the major grain producing states is likely to support MY 2015/16
Kharif grain production prospects. However, sufficient rains throughout August
and September will be critical for achieving forecast normal yields. The inputs
provided by the USDA report on August 12 were negative and had pressured price
levels of US soy complex on the same day.
SOYABEAN (OCTOBER) TECHNICAL
VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2:3280,
RESISTANCE 1: 3245,
SUPPORT 1: 3180,
SUPPORT 2: 3150.
STRATEGY: BUY ON DIPS
TREND: MIXED TO BULLISH
RESISTANCE 2:3280,
RESISTANCE 1: 3245,
SUPPORT 1: 3180,
SUPPORT 2: 3150.
STRATEGY: BUY ON DIPS
Chana futures traded on a
positive note decreased demand on Friday (5.00PM). Chana May l contract gained
3.70% to 4565 levels. CHANA: - Sowing of pulses in Maharashtra has been done in
66% area of fixed target of 24.50 lakh ha, which is up from last year’s sowing
area. Around 9.3 lakh ha area has been sown under Tur vs 9 lakh ha last year.
Meanwhile, Moong has been sown in 3.33 lakh ha and urad in 2.42 lakh ha while
its sowing target has been fixed 5.60 lakh ha and 5.10 lakh ha respectively.
Sowing of both commodities are ahead from its scheduled.
CHANA (OCTOBER) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 4650,
RESISTANCE 1:4610,
SUPPORT 1: 4480,
SUPPORT 2: 4400.
STRATEGY: BUY ON DIPS
TREND: MIXED TO BULLISH
RESISTANCE 2: 4650,
RESISTANCE 1:4610,
SUPPORT 1: 4480,
SUPPORT 2: 4400.
STRATEGY: BUY ON DIPS
The NCDEX Dhaniya October futures
Surged by 0.16% in the last trading to close at 10930 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 (OCTOBER) TECHNICAL VIEW: TREND: MIXED TO BEARISH
RESISTANCE 2: 11120,
RESISTANCE 1: 11020,
SUPPORT 1: 10850,
SUPPORT 2: 10780.
STRATEGY: SELL ON RISE
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Buy JEERA Oct above 15950 TGT 15990 & 15650 SL 15900.
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Your Agri knowledge is awesome and Commodity Tips also provide handsome amount of profit, If we use tips in a proper way.
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