Monday 13 June 2016

AGRI COMMODITY MARKET TIPS & REPORT - 13 JUN 2016

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Turmeric July futures traded on a slipped on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -1.60% to 8020 level at NCDEX. Turmeric futures traded lower on NCDEX on anticipation of good sowing in next season on forecast of good rains. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices.
TURMERIC (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8190, 
RESISTANCE 1: 8100, 
SUPPORT 1: 7970, 
SUPPORT 2: 7920. 
STRATEGY: SELL ON RISE

 The NCDEX Soya bean July futures slipped by -0.08% in the last trading to close at 3900 level till Friday closing. The Soyabean futures edged lower on NCDEX as speculators trimmed their positions on lackluster domestic demand and bearish cues from the international markets. However, some losses were capped by lower supply in domestic market as farmers are set to reduce the area given over to soybean by 10% this year.
SOYABEAN (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3940, 
RESISTANCE 1:3920, 
SUPPORT 1: 3870, 
SUPPORT 2: 3850. 
STRATEGY: SELL ON RISE

 Chana futures traded on a Positive note increased demand on Friday (5.00PM). Chana July l contract gained 1.71% to 6912 levels. Chana futures edged marginally lower on NCDEX as participants booked profits at prevailing levels amid easing demand against ample stocks position in the spot market. Further, reports of government to relax VAT and other taxes too weighed on chana prices.
CHANA (JULY) TECHNICAL VIEW:
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7170, 
RESISTANCE 1:7040, 
SUPPORT 1: 6800, 
SUPPORT 2: 6670. 
STRATEGY: BUY ON DIPS

 The NCDEX Dhaniya July futures Slipped by -1.53% in the last trading to close at 6800 level on Friday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend. 
DHANIYA (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 6970, 
RESISTANCE 1: 6880, 
SUPPORT 1: 6750, 
SUPPORT 2: 6720. 
STRATEGY: SELL ON RISE
               
  
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6 comments:

  1. aditi13 June 2016 at 00:12

    This comment has been removed by the author.

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  2. aditi13 June 2016 at 00:14

    Agriculture forms a big base of commodity market. This post serves really important tips and updates about it. For more updates follow epic research on twitter.

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  4. Unknown13 June 2016 at 05:41

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