Turmeric May futures traded on a surged up up on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice increased by 1.12% to 8480 level at NCDEX. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices. Market sources however expect further fall to be limited as summer season North Indian demand and export demand are expected to pick up in coming weeks.
TURMERIC (MAY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 8720,
RESISTANCE 1: 8600,
SUPPORT 1: 8350,
SUPPORT 2: 8250.
STRATEGY: SELL ON RISE
The NCDEX Soya bean May futures slipped by -1.29% in the last trading to close at 4125 level till Friday closing. The Sharp gains were noted in soybean futures during morning hours but profit taking increased towards end of the session against the recent run up. Expectation of higher demand from industrial buyers and stockists keeps prices firm these days. Buying interest has improved of late due to limited arrivals in spot market and bullish sentiments prevailing in international market.
SOYABEAN (MAY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2:4220,
RESISTANCE 1:4170,
SUPPORT 1: 4090,
SUPPORT 2: 4060.
STRATEGY: SELL ON RISE
Chana futures traded on a Negative note decreased demand on Friday (5.00PM). Chana May l contract lost -1.74% to 5014 levels. Firm Rising summer season demand amidst prospects of lower production kept trend firm for Chana. With arrivals starting in Rajasthan after MP, the uptrend may remain limited though. Intermittent profit booking at the higher levels too not ruled out. But an overall fall in Pulses production reports could also keep overall sentiments firm for the commodity.
CHANA (MAY) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 5160,
RESISTANCE 1:5080,
SUPPORT 1: 4980,
SUPPORT 2: 4940.
STRATEGY: BUY ON DIPS
The NCDEX Dhaniya May futures Surged up by 1.84% in the last trading to close at 7141 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 (MAY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 7300,
RESISTANCE 1: 7150,
SUPPORT 1: 6890,
SUPPORT 2: 6790.
STRATEGY: SELL ON RISE
Get real time advice for agri commodity trading , agri commodity news , Share Market live , Intraday Trading Tips , Stock Trading Tips , Best accurate Stock Tips , Free Intraday Tips and all Market Updates.
TODAYS PROFIT SUMMARY: JACKPOT CADILA HEALTHCARE 4700
ReplyDeleteEquity tips
If you are getting losses in trading then its high time to take some professional services from Epic Research.
ReplyDeleteA business is prosperous to the quantity that it provides a product or service that contributes to contentment in all of its forms.” "To provide most excellent worth for money to clients through customized service, inventive products, best trading and investment strategies and state-of-the-art technologies.
ReplyDeleteCrude Oil Trading Tips