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

Monday, 29 February 2016

AGRI COMMODITY MARKET NEWS & LEVEL- 29 Feb 2016

Agri Tips

TURMERIC
Turmeric April futures traded on a slipped on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice decreased by -0.59% to 8710 level at NCDEX.No strong movement was noted for Turmeric as lack of strong demand kept uptrend limited.Traders expect the export and domestic demand to rise. But prospects of rising new crop arrivals in coming weeks may limit the uptrend also. In Telangana, the turmeric crop is at vegetative to flowering stage, sources said that due to recent rainfall in Tamil Nadu. 

TURMERIC (APRIL) TECHNICAL VIEW:
TREND: CONSOLIDATE
RESISTANCE 2: 8880,
RESISTANCE 1: 8790,
SUPPORT 1: 8650,
SUPPORT 2: 8600.
STRATEGY: BUY ON DIPS

SOYABEAN
The NCDEX Soya bean March futures surged up by 0.76% in the last trading to close at 3717 level till Friday closing.The broader term price outlook is not so bearish considering lower production prospects for year 2015-16. Poor soybean yields in India prompted the USDA to lower its 2015/16 crop forecast by 1.5 MT this month to 9.5 million. Since production of a record 2012/13 harvest at 12.2 MT, Indian soybean crops have been beset by a succession of unfavorable growing conditions. Monsoon rains in Aug decreased for the top production regions.

SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: CONSOLIDATE
RESISTANCE 2:3775,
RESISTANCE 1:3750,
SUPPORT 1: 3670,
SUPPORT 2: 3640.
STRATEGY: SELL ON RISE

CHANA
Chana futures traded on a Positive note increased demand on Friday (5.00PM). Chana May l contract lost 1.99% to 4264 levels. Firm trend persisted for Chana on reports of Govt purchase and rising domestic demand amidst lower stocks in mandis. The uptrend got limited on prospects of rains in MP in coming days as that could have beneficial impact on sowing. Persistent concerns regarding government’s continuous efforts to keep price rise in check too kept rising rates under check as prices hovered near the 5000 mark. 

CHANA (APRIL) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 4340,
RESISTANCE 1:4300,
SUPPORT 1: 4200,
SUPPORT 2: 4130.
STRATEGY: SELL ON RISE

DHANIYA
The NCDEX Dhaniya April futures Surged up by 2.51% in the last trading to close at 6370 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 (APRIL) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 6490,
RESISTANCE 1: 6430,
SUPPORT 1: 6250,
SUPPORT 2: 6150.
STRATEGY: SELL ON RISE


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Wednesday, 12 August 2015

NEWS UPDATE :- RMSEED | MENTHA OIL | SOYA OIL | OIL MARKET

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SOYA OIL : -International markets showed strength for yet another session and steady business volumes was reported from the retail markets. Lack of import demand for Malaysian palm from the consuming nations has been putting constant pressure in domestic palm oil market, and its impact is also observed in soya oil, as both have strong positive correlation with each other.

SOYA-BEAN :-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
Mentha Oil continued to trade with high volatility as profit booking at the higher levels limited the up-trend. But with demand rising and expected to rise further in coming weeks, prices are likely to find strong support here. Sources indicate rates have fallen to very low levels over last few weeks and further fall may be limited as demand starts rising on the domestic and export front in coming weeks.
Rmseed : – China’s National Grain and Oils Information Centre (CNGOIC) data on the other hand showed that as of July 10, total purchased volume by major enterprises in the 9 rapeseed-producing provinces were merely 620,000 tons. This volume is significantly lower than the 1.56 million tons in the previous year. On the global front, China’s National Statistics Bureau (NSB) estimated MY15/16 domes
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Wednesday, 18 February 2015

NCDEX JEERA SEEN FRESH BUYING, GAIN AT 14795

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NCDEX JEERA settled up by 3.97% at 14795 on concerns about lower production due to a drop in the seeded area and on a delay in local supplies. Jeera is sown from October till the beginning of December and harvesting starts in February. March-April will be the months of peak arrivals. Meanwhile, late withdrawal of South-West monsoon this season resulted in increased soil moisture, which is not beneficial to cumin seeds.  At New Delhi market sources reported arrivals at 6000 quintals, higher by 1000 quintals as compared to previous day. Export orders are diverted to India due to Geo-political tensions in Syria and Turkey.
In Unjha, a key spot market in Gujarat, jeera edged up by 478.55 rupees to end at 14978.55 rupee per 100 kg. Technically market is under fresh buying as market has witnessed gain in open interest by 0.75% to settled at 18078 while prices up 565 rupee, now Jeera is getting support at 14505 and below same could see a test of 14210 level, and resistance is now likely to be seen at 14945, a move above could see prices testing 15090.


Tuesday, 17 February 2015

RM SEED RISEN ON SHORT COVERING ,OPEN INTEREST 7.2 %

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NCDEX Mustard Seed settled up by 1.74% at 3400 on supply worries following weak sowing data. The rains in growing states last month are reportedly good for the standing crop. India's rabi crop sowing contracted to 61.57 million hectare until Feb 13 from 65.68 million hectare a year showing a decline of 6%, agriculture ministry data showed. Oilseeds acreage was down at 8.1 million hectare as against 9.02 million hectare as farmers planted less mustard seed due to moisture stress in Rajasthan and Madhya Pradesh, two major mustard producing states.
In the Alwar spot market in Rajasthan the price gained 89.85 rupee to 3650.55 rupees per 100kgs.
Technically market is under short covering as market has witnessed drop in open interest by -7.2% to settled at 44480 while prices up 58 rupee, now Rm seed is getting support at 3367 and below same could see a test of 3333 level, and resistance is now likely to be seen at 3421, a move above could see prices testing 3441.

AGRI COMMODITY MARKET REPORT -18 FEB 2015

agri commdity tips, Agri Tips , Turmeric Tips, Dhaniya Tips, Soyabean Tips, Chana Tips, free agri callsNCDEX TURMERIC April futures traded on a surged on Monday (5.00pm) at India. Turmeric spice incresed by 4.00% to 8322 level at NCDEX . Poor off take from up country traders are affecting Turmeric prices. Good arrivals were note din Nizamabad today as well and the prices tumbled amid thin demand. The traders are expecting this momentum to continue, keeping prices slightly on a bearish track.

The NCDEX  SOYABEAN April futures surged by 0.80%in the last trading to close at 3421 level till Monday closing. Moderate recovery in the International markets could pull the falling Indian rates also. Traders expect prices have fallen a lot and some short term recovery not ruled out this week..

NCDEX CHANA futures traded on a positive note on incresed demand on Monday(5.00PM). Chana April contract gained 1.02 % to 3656 levels. recovery could be noted for Chana as rains in the growing states continued to pressurize market sentiments. Rains ingrowing areas in Rajasthan, MP and UP are reportedly beneficial for the standing crop.

The NCDEX DHANIYA April futures slipped by -2.80% in the last trading to close at 7081 level on Monday. Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market . Dhaniya is common in South Asian Middle Eastern Central Asian Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.