Showing posts with label Agri Commodity. Show all posts
Showing posts with label Agri Commodity. Show all posts

Thursday, 11 December 2014

NCDEX JEERA TRADED ON POSITIVE NOTE


ncdex jeera, agri commodity,free agri calls, Free Agri Tips, jeera trading tips
Jeera turns bullish on strong export demand
  • Jeera January futures traded on a positive note on Friday. Strong export demand supports the prices.
  • Jeera January contract rose 3.6 per cent to 13225 on Friday at India's National Commodity& Derivative Exchange(NCDEX).
  • Jeera January contract is likely to trade bullish for short term and sideways for intra day. Short term support seen at 12600 and resistance at 13870. Intra day support is seen at 12750 and resistance at 13100.
Jeera likely to consolidate range 12650-13000 levels with an upside bias
  • Jeera futures (Jan) is expected to consolidate in the range of 12650-13000 levels with an upside bias. Steady tone witnessed in spot cumin seed prices at Unjha market on Thursday. The condition of the crop is not good enough due to unfavourable weather conditions.

Sunday, 7 December 2014

AGRI MARKET TRENDS & STRATEGIES FOR - 08 DEC 2014

Agri Commodity, free agri tips, free agri calls, AGRI NCDEX/MCX
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CS TURMERIC (DECEMBER) OVERVIEW:
TREND :MIXED TO BEARISH
SUP1:6270
SUP2:6180              
RESIST1:6450
RESIST2:6540
STRATEGY: SELL ON RISE

CS SOYABEAN (DECEMBER) OVERVIEW:
TREND :BULLISH
SUP1:3250
SUP2:3235
RESIST1:3290
RESIST2:3325
STRATEGY:BUY ON DIPS

CS CHANA  (DECEMBER) OVERVIEW:                        
TREND :MIXED TO  BEARISH
SUP1:3005
SUP2:2990
RESIST1:3040
RESIST2:3065
STRATEGY:SELL ON RISE

CS DHANIYA (DECEMBER) OVERVIEW:
TREND : MIXED TO BEARISH
SUP1:12725
SUP2: 12600              
RESIST1:12910
RESIST2:12990     
STRATEGY: SELL ON RISE




Wednesday, 19 November 2014

Agri-commodity futures trade mixed; Coriander up, Turmeric down

Agri-commodity prices are trading mixed in domestic futures market on Wednesday. NCDEX Dhaniya, an index of 10 most liquid commodity futures declined 0.09% to trade at 2,589.41 .

Coriander futures gained the most with the rise of 3.45%, followed by GUAR SEED 2 MT (2.99%), Cotton Seed Oil cake (0.6%), Guar Seed 10 MT (0.29%) and Guar Gum (0.29%) at the National Commodity and Derivatives Exchange (NCDEX).
Corinder Up:-
Expiry date :- 19/12/2014, LTP in (Rs. ) :- 13195,chg in (Rs.) 440 ,% chg (3.45)

Turmeric futures dropped with the fall of 1.13% followed by Sugar M Grade (0.72%), Castor Seed (0.67%), Castor Seed 1 MT (0.63%), Soy Bean (0.6%) and Maize - Feed/Industrial Grade (0.58%) at the NCDEX.
Turmeric Down:-
Expiry date :-19/12/2014,  LTP in (Rs. ) :- 6284,chg in (Rs.)-72,% chg :-(-1.13)


Friday, 14 November 2014

Sugar down 0.78% on ample supply


prices fell 0.78 per cent to Rs 2,800 per quintal in futures market today as speculators trimmed positions amid higher supplies in the spot market against low demand from bulk consumers.

At the National Commodity and Derivatives Exchange, sugar for delivery in March fell by Rs 22, or 0.78 per cent, to Rs 2,800 per quintal with an open interest of 12,510 lots.

May sugar traded lower by Rs 20, or 0.69 per cent, to Rs 2,880 per quintal in 2,200 lots.

Market analysts said adequate stocks in the market on persistent supplies by mills mainly kept pressure on sugar prices at futures trade.

Wednesday, 12 November 2014

Rubber has support at Rs 11540-11450!!

Rubber has resistance at Rs 11750/11840. However, support at Rs 11540-11450.

Natural rubber is seen stretching gains in the overseas market on Thursday. TOCOM rubber futures is ticking higher and so is SHFE and AFET rubber futures. However, movements are in thin ranges as investors probably chose to stay away ahead of the release key economic data from the top consumer China later today.

According to Rubber Board, India's natural rubber imports in October surged 27.7 percent from a year ago to 36,865 tonnes while consumption in the month rose nearly 2 percent on year to 83,000 tonnes. The country's production in the month fell 32.6 percent on year to 58,000 tonnes as some farmers skipped tapping after prices fell to their lowest level in five years.

RUBBER Dec NMCE :-
While there exists weakness, a direct fall below 11450 with volumes could intensify the prevailing bearishness. However, as long as 11450 hold down side, pullbacks cannot be ruled out but it is mandatory to break and sustain above 12100 ranges to lessen the prevailing weakness.

Resistances       TURNAROUND             LEVELS Supports
11750/11840            12100-11450                      11540-11450
11950/12050                                                     11350/11200
12130/12250                                                     11100-11050

Tuesday, 11 November 2014

Chana future to trade higher today


Agri Commodity,NCDEX,Future Trading Tips, Chana Futures

Chana future is expected to trade higher today. Good demand, increased MSP, and declining arrival pressure may continue to lend support to the prices .

Yesterday NCDEX Chana futures traded on a positive note almost 0.79% up on good demand from physical market due to starting of marriage seasons. Prices have gained over the last few days on slow start to the rabi pulses sowing.

supplies of chana, imports of yellow peas and arrival pressure of kharif pulses capped sharp upside movement in the prices. Sowing of Chana has begun but on very slow pace (on 7th Nov 2014). As per the acreage data under the crop has reached 16.15 lakh hect., Which is -32.09% lower than the same period previous year.

The CCEA has set MSP for 2014-15 at Rs. 3175/qtl from Rs. 3100 last year According to the Ministry of Agriculture, sowing of rabi pulses as on 31st October stands at 7.84 lakh ha as against 6.66 lakh ha last year. Sowing of kharif pulses stood at 10.23 mn ha as against 10.91 mn ha last year.

CCEA increased the MSP of tur and urad by Rs.50 to Rs.4,350 each, while the MSP of moong was increased by Rs.100 to Rs.4,600/qtl. The 4th Advance Estimates pegged total pulses output for 2013-14 at 19.27 mn tn, up from 18.34 mn tn earlier.

1st advance estimates have pegged kharif pulses output at 5.2 mn tn, down from 6.02 mn tn last year. Total area covered under Rabi Pulses 2013-14 stood at 161.9 lakh ha as against 152.65 lakh ha last year. Chana sowing stood at 10.21 mn ha compared to 9.51 mn ha in the previous year.