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

Tuesday, 26 April 2016

AGRI COMMODITY MARKET TIPS & REPORT - 26 APR 2016

Agri commodity calls, Agri Commodity Tips, Agri futures Tips, Chana Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services,

Turmeric May futures traded on a surged up on Monday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice increased by 0.21% to 8558 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 BULLISH 
RESISTANCE 2: 8970, 
RESISTANCE 1: 8760, 
SUPPORT 1: 8300, 
SUPPORT 2: 8020. 
STRATEGY: BUY ON DIPS 

The NCDEX Soya bean May futures slipped by -4.00% in the last trading to close at 4059 level till Monday 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 2:4290, 
RESISTANCE 1:4255, 
SUPPORT 1: 4200, 
SUPPORT 2: 4170. 
STRATEGY: SELL ON RISE 

Chana futures traded on a Negative note decreased demand on Monday (5.00PM). Chana May l contract lost -2.13% to 5425 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: 5585, 
RESISTANCE 1:5505, 
SUPPORT 1: 5370, 
SUPPORT 2: 5310. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya May futures Slipped by -0.61% in the last trading to close at 7300 level on Monday. 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: CONSOLIDATE 
RESISTANCE 2: 7480, 
RESISTANCE 1: 7390, 
SUPPORT 1: 7220, 
SUPPORT 2: 7134. 
STRATEGY: BUY ON DIPS
                          

Sunday, 24 April 2016

AGRI COMMODITY MARKET TIPS & REPORT - 25 APR 2016

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Turmeric May futures traded on a surged up on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice increased by 1.09% to 8548 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 BULLISH 
RESISTANCE 2: 8650, 
RESISTANCE 1: 8600, 
SUPPORT 1: 8460, 
SUPPORT 2: 8380. 
STRATEGY: BUY ON DIPS 

The NCDEX Soya bean May futures slipped by -1.54% in the last trading to close at 4224 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 2:4290, 
RESISTANCE 1:4255, 
SUPPORT 1: 4200, 
SUPPORT 2: 4170. 
STRATEGY: SELL ON RISE 

Chana futures traded on a Positive note increased demand on Friday (5.00PM). Chana May l contract gained 4.00% to 5543 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: 5680, 
RESISTANCE 1:5610, 
SUPPORT 1: 5400,
SUPPORT 2: 5270. 
STRATEGY: BUY ON DIPS 

The NCDEX Dhaniya May futures Slipped by 2.39% in the last trading to close at 7364 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 BULLISH 
RESISTANCE 2: 7550, 
RESISTANCE 1: 7450, 
SUPPORT 1: 7200, 
SUPPORT 2: 7025. 
STRATEGY: BUY ON DIPS 


                         


Saturday, 23 April 2016

एमएसपी से 1200 रुपए महंगा हुआ सरसों, इस वजह से बढ़ रहे हैं भाव

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सरसों की कीमतों में तेजी का सिलसिला बना हुआ है। पिछले 1 महीने के दौरान हाजिर बाजार में सरसों के भाव में 600 रुपए से ज्यादा की तेजी दर्ज की जा चुकी है। जबकि वायदा बाजार में सरसों 650 रुपए प्रति क्विंटल से ज्यादा महंगा हो चुका है।.सरसों का भाव एमएसपी से 1200 रुपए ऊपर चल रहा है। 2015-16 के लिए सरसों का एमएसपी 3,350 रुपए तय किया गया है।.इस साल सरसों की फसल पिछले साल के मुकाबले ज्यादा होने का अनुमान है, लेकिन इसके बावजूद कीमतों में तेजी थम नहीं रही है।

होलसेल मंडियों में बढ़े सरसों के भाव 

मंडी वॉच के डायरेक्टर अभय लाकवान के मुताबिक, सरसों की कीमतें बढ़ने के पीछे सट्टेबाजी काम कर रही है। कुछ लोग मंडियों से माल खरीदकर इसकी होर्डिंग कर रहे हैं।पिछले 15 दिनों में सरसों के भाव 300 रुपए प्रति क्विटंल तक बढ़ गए हैं।.शुक्रवार को जयपुर में सरसों का भाव 4630 रुपए प्रति क्विंटल, अलवर मंडी में 4,550 रुपए प्रति क्विंटल और आगरा में 4,800 रुपए प्रति क्विंटल तक पहुंच गया है।इस दौरान पूरे देश में करीब 4.5 लाख बोरी सरसों की आवक हुई।



                         



Friday, 22 April 2016

AGRI COMMODITY MARKET TIPS & REPORT 22 APR 2016

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Turmeric May futures traded on a slipped up on Thursday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice increased by -0.05% to 8452 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: 8600, 
RESISTANCE 1: 8530, 
SUPPORT 1: 8350, 
SUPPORT 2: 8260. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean May futures surged up by 1.15% in the last trading to close at 4293 level till Thursday 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 BULLLISH 
RESISTANCE 2:4340, 
RESISTANCE 1:4220, 
SUPPORT 1: 4260, 
SUPPORT 2: 4225. 
STRATEGY: BUY ON DIPS

Chana futures traded on a Positive note increased demand on Thursday (5.00PM). Chana May l contract gained 0.26% to 5380 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: 5330, 
RESISTANCE 1:5250, 
SUPPORT 1: 5050, 
SUPPORT 2: 4900. 
STRATEGY: BUY ON DIPS 

The NCDEX Dhaniya May futures Slipped by -1.12% in the last trading to close at 7170 level on Thursday. 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 BULLISH 
RESISTANCE 2: 7480, 
RESISTANCE 1: 7325, 
SUPPORT 1: 7030, 
SUPPORT 2: 6900. 
STRATEGY: BUY ON DIPS


                            

Thursday, 21 April 2016

AGRI COMMODITY MARKET NEWS - 21 APR 2016


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Turmeric futures (May) is likely consolidate in the range of 8350-8600 levels with upside getting capped. Spot turmeric prices are decreasing daily due to negligible upcountry demand.In the last 10 days, the finger turmeric was down by Rs.1,000 a quintal and the root variety by Rs.450-500. Such drastic fall in price is due to the poor buying by North Indian traders. At the Erode Turmeric Merchants Association, the finger turmeric was sold at Rs.8,429-9,295 a quintal, the root variety Rs.8,212-8,891. 
Cardamom futures (May) is expected to consolidate in the range of 755-790 levels. Prevailing drought conditions and the consequent delay and decline in the next crop appears to have changed the market sentiment. All market participants of the spot markets were actively buying and that in turn has aided the price rise. Total arrivals during the season up to April 16 were at around 26,485 tonnes and sales were at 25,545 tonnes. The individual auction average, as on April 16, stood at Rs.600/kg. 
Jeera futures (May) is likely to face resistance near 16700 levels & may witness profit booking at from higher levels. At the spot markets of Unjha, the counter has dropped off from its four month highs amid lack of buying and improving supplies. The arrivals are picking up following seasonal trend and supplies are expected to be steady in near term. 
Soybean futures (May) is expected to remain steady & may take support near 4195 levels. The counter is tracking bullish sentiments of soybean futures on the international market. U.S. soybeans climbed around 1 percent to a nine-month high on Thursday, extending three-day gains to more than 7.5 percent, as rains in Argentina stoked concerns over production losses. The most active soybean futures on the Chicago Board of Trade rose 0.9 percent to $10.18-1/2 a bushel, near the session-high of $10.28-1/2 a bushel - the strongest since July 16, 2015. Soybeans firmed 3.5-percent on Wednesday. Soybeans have been drawing support from funds amid concerns over excessive rains in Argentina. Much of Argentina's soy crop has been swamped by 20 days of merciless rain, threatening a loss of supply from the world's top exporter of soymeal livestock feed and its No. 3 supplier of beans, meteorologists said on Wednesday. 
Mustard futures (May) is expected to consolidate & trade sideways in the range of 4430-4560 levels. Additional Margin of 5 % on both the Long side and Short side is imposed on all running contracts and yet to be launched contracts with effect from April 13, 2016. 
                              

Wednesday, 20 April 2016

Cotton prices in India faces the risk of unsold stocks, unstable demand

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Cotton prices in India may remain on the downside this year on account of unsold stocks amid unstable demand, according to industry sources. The industry does not expect any significant turnaround on the At present, cotton price is ruling at Rs 34,200-34,500 per candy of 355 kg and is likely to decline to Rs 33,000 in next month or two. Traders estimate total supply for the year to be 42.50 million bales considering carry forward from previous year, import this year's cotton output.

A recent estimate by the Cotton Association of India(CAI) pegs Indian cotton output for 2015-16 season at 34.1 million bales. The trade body also found that the supplies declined 12 per cent from a year ago to 28 million bales between October and March on unfavourable weather that dragged the production down.demand side and if demand rises the unsold stocks are enough to meet it.

                           




Sunday, 17 April 2016

AGRI COMMODITY MARKET TIPS & REPORT FOR - 18 APR 2016

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Turmeric May futures traded on a surged up on Wednesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice increased by 0.82% to 8364 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: 8540, 
RESISTANCE 1: 8450, 
SUPPORT 1: 8270, 
SUPPORT 2: 8170. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean May futures surged up by 1.06% in the last trading to close at 4194 level till Wednesday 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 BULLLISH 
RESISTANCE 2:4285, 
RESISTANCE 1:4240, 
SUPPORT 1: 4150, 
SUPPORT 2: 4100. 
STRATEGY: BUY ON DIPS

Chana futures traded on a Positive note increased demand on Wednesday (5.00PM). Chana May l contract gained 4.00% to 5185 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: 5330, 
RESISTANCE 1:5250, 
SUPPORT 1: 5050, 
SUPPORT 2: 4900. 
STRATEGY: BUY ON DIPS 

The NCDEX Dhaniya May futures Surged up by 0.92% in the last trading to close at 6725 level on Wednesday. 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: 6940, 
RESISTANCE 1: 6830, 
SUPPORT 1: 6610, 
SUPPORT 2: 6500. 
STRATEGY: SELL ON RISE


                              


Tuesday, 12 April 2016

AGRI COMMODITY MARKET TIPS & REPORT - 13 APR 2016

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Turmeric May futures traded on a slipped on Tuesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice decreased by -2.47% to 8284 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: 8560, 
RESISTANCE 1: 8410, 
SUPPORT 1: 8180, 
SUPPORT 2: 8090. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean May futures slipped by -0.19% in the last trading to close at 4149 level till Tuesday 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 2:4230, 
RESISTANCE 1:4180, 
SUPPORT 1: 4115, 
SUPPORT 2: 4080. 
STRATEGY: SELL ON RISE

Chana futures traded on a negative note decreased demand on Tuesday (5.00PM). Chana May l contract lost -1.36% to 4990 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 BEARISH 
RESISTANCE 2: 5080, 
RESISTANCE 1:5040, 
SUPPORT 1: 4950, 
SUPPORT 2: 4925. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya May futures Slipped down by -3.00% in the last trading to close at 6664 level on Tuesday. 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: 7050, 
RESISTANCE 1: 6850, 
SUPPORT 1: 6570, 
SUPPORT 2: 6475. 
STRATEGY: SELL ON RISE 


                           


Monday, 11 April 2016

AGRI COMMODITY MARKET TIPS & REPORT - 12 APR 2016


Turmeric May futures traded on a slipped on Monday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice decreased by 1.12% to 8470 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 BULLISH 
RESISTANCE 2: 8650, 
RESISTANCE 1: 8560, 
SUPPORT 1: 8390, 
SUPPORT 2: 8320. 
STRATEGY: BUY ON DIPS

The NCDEX Soya bean May futures surged up by 0.80% in the last trading to close at 4153 level till Monday 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 2:4230, 
RESISTANCE 1:4190, 
SUPPORT 1: 4130, 
SUPPORT 2: 4100. 
STRATEGY: SELL ON RISE

Chana futures traded on a Positive note increased demand on Monday (5.00PM). Chana May l contract gained 0.34% to 5042 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: 5140, 
RESISTANCE 1:5090, 
SUPPORT 1: 4990, 
SUPPORT 2: 4930. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya May futures Slipped down by -4.00% in the last trading to close at 6870 level on Monday. 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: 7450, 
RESISTANCE 1: 7150, 
SUPPORT 1: 6750, 
SUPPORT 2: 6550. 
STRATEGY: SELL ON RISE 


                           

AGRI COMMODITY MARKET TIPS & REPORT - 11 APR 2016

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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
                            

Thursday, 7 April 2016

AGRI COMMODTY MARKET TIPS & REPORT - 08 APR 2016

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Turmeric May futures traded on a slipped up on Thursday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice decreased by -0.24% to 8360 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: 8550, 
RESISTANCE 1: 8450, 
SUPPORT 1: 8210, 
SUPPORT 2: 8160. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean May futures slipped by -0.07% in the last trading to close at 4170 level till Thursday 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 BULLISH 
RESISTANCE 2:4260, 
RESISTANCE 1:4215, 
SUPPORT 1: 4130, 
SUPPORT 2: 4090. 
STRATEGY: BUY ON DIPS

Chana futures traded on a Positive note increased demand on Thursday (5.00PM). Chana May l contract gained 3.31% to 5085 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: 5230, 
RESISTANCE 1:5150, 
SUPPORT 1: 4975, 
SUPPORT 2: 4870. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya May futures Slipped by -2.02% in the last trading to close at 7000 level on Thursday. 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