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

Wednesday, 18 April 2018

FREE AGRI COMMODITY MARKET NEWS & LEVELS - 19 APR 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,
The NCDEX Turmeric May futures is surged up by 0.71% in the last trading to close at 6794 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Moderately firm trend persisted for Turmeric as it found immediate strong support at these lower levels after the recent fall. With harvesting over, the demand for the new crop is picking up on the export and domestic front. More uptrend likely. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold.  April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average.
TURMERIC (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 6900
RESISTANCE 1: 6850 
SUPPORT 1: 6750
SUPPORT 2: 6700 
STRATEGY: SELL ON RISE

The NCDEX Soyabean May futures slipped by -0.42% in the last trading to close at 3760 level till Wednesday closing. Soybean futures traded range bound initially before finishing slightly lower. The most active May contract closed at a support of 3850 indicating a dicey solution. But considering stronger fundamentals, buying to be considered if May soybean fails to stay below another strong support of 3825. Bullish cues from the latest USDA report, released on Tuesday are likely to keep soybean supported at lower levels. The US soybean ending stocks were lowered from 555 million bushels last month to 550. Analysts were expecting an increase up to 574 on this report due to the March 29 Grain Stocks. The USDA preferred to keep that usage forecast unchanged versus previous report due to their sharp revision for Argentina’s crop.
SOYABEAN (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3800
RESISTANCE 1: 3780 
SUPPORT 1 : 3740
SUPPORT 2: 3720 
STRATEGY: SELL ON RISE

The NCDEX Guarseed May futures is slipped by -0.39% in the last trading to close at 4110 level till Wednesday closing. Guar failed to hold on to the higher levels as profit booking set in after the recent uptrend. Firming up of Crude oil prices supported market sentiments. However, high stocks, lack of strong export demand amidst reports of good Monsoon could keep uptrend limited. Normal monsoon predictions by Skymet good for Guar sowing prospects from June onwards. Also with IMD’s recent bulletin on possibilities of good Monsoon this year, any recovery looks limited for now. Recovery in crude oil prices could brighten the export prospects keeping long term trend bullish. Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (MAY) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4170
RESISTANCE : 4140 
SUPPORT 1 : 4090
SUPPORT 2 : 4070 
STRATEGY: SELL ON RISE

The NCDEX Jeera May futures is surged up by 0.85% in the last trading to close at 16045 level on Wednesday. Trend remained volatile for Jeera with many mandis closed. Prices however found strong support at these lower levels. High arrivals amidst some fall in demand kept sentiments down but traders anticipate the exports to pick up in coming weeks that could support prices in medium term. Slowing down of new crop arrivals from Gujarat / Rajasthan are likely to support market sentiments. Traders too anticipate further fall to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags. Jeera acreage in Gujarat is up by 38% to 3.83 lakh hectares as on 15-Jan-18. Acreage was 2.88 lakh ha at that same time. Demand on the domestic front is set to increase from April onwards.
JEERA (MAY) TECHNICAL VIEW:
TREND: BULLISH 
RESISTANCE 2: 16250
RESISTANCE 1: 16000 
SUPPORT 1: 15950
SUPPORT 2: 15800 
STRATEGY: BUY ON DIPS



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Tuesday, 17 April 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 18 APR 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric May futures is slipped by -1.55% in the last trading to close at 6740 level till Tuesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Moderately firm trend persisted for Turmeric as it found immediate strong support at these lower levels after the recent fall. With harvesting over, the demand for the new crop is picking up on the export and domestic front. More uptrend likely. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold.  April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average.
TURMERIC (MAY) TECHNICAL VIEW:
TREND: BULLISH 
RESISTANCE 2: 6920
RESISTANCE 1: 6880 
SUPPORT 1: 6790
SUPPORT 2: 6730 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean May futures slipped by -0.82% in the last trading to close at 3767 level till Tuesday closing. Soybean futures traded range bound initially before finishing slightly lower. The most active May contract closed at a support of 3850 indicating a dicey solution. But considering stronger fundamentals, buying to be considered if May soybean fails to stay below another strong support of 3825. Bullish cues from the latest USDA report, released on Tuesday are likely to keep soybean supported at lower levels. The US soybean ending stocks were lowered from 555 million bushels last month to 550. Analysts were expecting an increase up to 574 on this report due to the March 29 Grain Stocks. The USDA preferred to keep that usage forecast unchanged versus previous report due to their sharp revision for Argentina’s crop.
SOYABEAN (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3850
RESISTANCE 1: 3800 
SUPPORT 1 : 3735
SUPPORT 2: 3700 
STRATEGY: SELL ON RISE

The NCDEX Guarseed May futures is surged up by 1.38% in the last trading to close at 4138 level till Tuesday closing. Guar failed to hold on to the higher levels as profit booking set in after the recent uptrend. Firming up of Crude oil prices supported market sentiments. However, high stocks, lack of strong export demand amidst reports of good Monsoon could keep uptrend limited. Normal monsoon predictions by Skymet good for Guar sowing prospects from June onwards. Also with IMD’s recent bulletin on possibilities of good Monsoon this year, any recovery looks limited for now. Recovery in crude oil prices could brighten the export prospects keeping long term trend bullish. Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (MAY) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4200
RESISTANCE : 4160 
SUPPORT 1 : 4080
SUPPORT 2 : 4020 
STRATEGY: SELL ON RISE

The NCDEX Jeera May futures is surged up by 0.41% in the last trading to close at 15930 level on Tuesday. Trend remained volatile for Jeera with many mandis closed. Prices however found strong support at these lower levels. High arrivals amidst some fall in demand kept sentiments down but traders anticipate the exports to pick up in coming weeks that could support prices in medium term. Slowing down of new crop arrivals from Gujarat / Rajasthan are likely to support market sentiments. Traders too anticipate further fall to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags. Jeera acreage in Gujarat is up by 38% to 3.83 lakh hectares as on 15-Jan-18. Acreage was 2.88 lakh ha at that same time. Demand on the domestic front is set to increase from April onwards.
JEERA (MAY) TECHNICAL VIEW:
TREND: BULLISH 
RESISTANCE 2: 16050
RESISTANCE 1: 15950 
SUPPORT 1: 15800
SUPPORT 2: 15740 
STRATEGY: BUY ON DIPS



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Monday, 16 April 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 17 APR 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric May futures is surged up by 1.30% in the last trading to close at 6838 level till Monday closing at India's National Commodity & Derivatives Exchange (NCDEX). Moderately firm trend persisted for Turmeric as it found immediate strong support at these lower levels after the recent fall. With harvesting over, the demand for the new crop is picking up on the export and domestic front. More uptrend likely. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold.  April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average.
TURMERIC (MAY) TECHNICAL VIEW:
TREND: BULLISH 
RESISTANCE 2: 6920
RESISTANCE 1: 6880 
SUPPORT 1: 6780
SUPPORT 2: 6730 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean May futures slipped by -1.40% in the last trading to close at 3798 level till Monday closing. Soybean futures traded range bound initially before finishing slightly lower. The most active May contract closed at a support of 3850 indicating a dicey solution. But considering stronger fundamentals, buying to be considered if May soybean fails to stay below another strong support of 3825. Bullish cues from the latest USDA report, released on Tuesday are likely to keep soybean supported at lower levels. The US soybean ending stocks were lowered from 555 million bushels last month to 550. Analysts were expecting an increase up to 574 on this report due to the March 29 Grain Stocks. The USDA preferred to keep that usage forecast unchanged versus previous report due to their sharp revision for Argentina’s crop.
SOYABEAN (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3880
RESISTANCE 1: 3840 
SUPPORT 1 : 3770
SUPPORT 2: 3740 
STRATEGY: SELL ON RISE

The NCDEX Guarseed May futures is slipped by -0.64% in the last trading to close at 4085 level till Monday closing. Guar failed to hold on to the higher levels as profit booking set in after the recent uptrend. Firming up of Crude oil prices supported market sentiments. However, high stocks, lack of strong export demand amidst reports of good Monsoon could keep uptrend limited. Normal monsoon predictions by Skymet good for Guar sowing prospects from June onwards. Also with IMD’s recent bulletin on possibilities of good Monsoon this year, any recovery looks limited for now. Recovery in crude oil prices could brighten the export prospects keeping long term trend bullish. Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (MAY) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4140
RESISTANCE : 4110 
SUPPORT 1 : 4070
SUPPORT 2 : 4050 
STRATEGY: SELL ON RISE

The NCDEX Jeera May futures is surged up by 1.25% in the last trading to close at 15850 level on Monday. Trend remained volatile for Jeera with many mandis closed. Prices however found strong support at these lower levels. High arrivals amidst some fall in demand kept sentiments down but traders anticipate the exports to pick up in coming weeks that could support prices in medium term. Slowing down of new crop arrivals from Gujarat / Rajasthan are likely to support market sentiments. Traders too anticipate further fall to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags. Jeera acreage in Gujarat is up by 38% to 3.83 lakh hectares as on 15-Jan-18. Acreage was 2.88 lakh ha at that same time. Demand on the domestic front is set to increase from April onwards.
JEERA (MAY) TECHNICAL VIEW:
TREND: BULLISH 
RESISTANCE 2: 16000
RESISTANCE 1: 15800 
SUPPORT 1: 15700
SUPPORT 2: 15600
 STRATEGY: BUY ON DIPS


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Sunday, 15 April 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 16 APR 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric May futures is surged up by 0.48% in the last trading to close at 6750 level till Friday closing at India's National Commodity & Derivatives Exchange (NCDEX). Moderately firm trend persisted for Turmeric as it found immediate strong support at these lower levels after the recent fall. With harvesting over, the demand for the new crop is picking up on the export and domestic front. More uptrend likely. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold.  April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average.
TURMERIC (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 6850
RESISTANCE 1: 6800 
SUPPORT 1: 6700
SUPPORT 2: 6650 
STRATEGY: SELL ON RISE

The NCDEX Soyabean May futures surged up by 0.16% in the last trading to close at 3851 level till Friday closing. Soybean futures traded range bound initially before finishing slightly lower. The most active May contract closed at a support of 3850 indicating a dicey solution. But considering stronger fundamentals, buying to be considered if May soybean fails to stay below another strong support of 3825. Bullish cues from the latest USDA report, released on Tuesday are likely to keep soybean supported at lower levels. The US soybean ending stocks were lowered from 555 million bushels last month to 550. Analysts were expecting an increase up to 574 on this report due to the March 29 Grain Stocks. The USDA preferred to keep that usage forecast unchanged versus previous report due to their sharp revision for Argentina’s crop.
SOYABEAN (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3890
RESISTANCE 1: 3870 
SUPPORT 1 : 3840
SUPPORT 2: 3820 
STRATEGY: SELL ON RISE

The NCDEX Guarseed May futures is slipped by -0.15% in the last trading to close at 4110 level till Friday closing. Guar failed to hold on to the higher levels as profit booking set in after the recent uptrend. Firming up of Crude oil prices supported market sentiments. However, high stocks, lack of strong export demand amidst reports of good Monsoon could keep uptrend limited. Normal monsoon predictions by Skymet good for Guar sowing prospects from June onwards. Also with IMD’s recent bulletin on possibilities of good Monsoon this year, any recovery looks limited for now. Recovery in crude oil prices could brighten the export prospects keeping long term trend bullish. Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 4160
RESISTANCE : 4130
SUPPORT 1 : 4080
SUPPORT 2 : 4060 
STRATEGY: SELL ON RISE

The NCDEX Jeera May futures is surged up by 0.71% in the last trading to close at 15640 level on Friday. Trend remained volatile for Jeera with many mandis closed. Prices however found strong support at these lower levels. High arrivals amidst some fall in demand kept sentiments down but traders anticipate the exports to pick up in coming weeks that could support prices in medium term. Slowing down of new crop arrivals from Gujarat / Rajasthan are likely to support market sentiments. Traders too anticipate further fall to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags. Jeera acreage in Gujarat is up by 38% to 3.83 lakh hectares as on 15-Jan-18. Acreage was 2.88 lakh ha at that same time. Demand on the domestic front is set to increase from April onwards.
JEERA (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 15850
RESISTANCE 1: 15750 
SUPPORT 1: 15500
SUPPORT 2: 15400 
STRATEGY: BUY ON DIPS



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Thursday, 12 April 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 13 APR 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric May futures is surged up by 0.57% in the last trading to close at 6726 level till Thursday closing at India's National Commodity & Derivatives Exchange (NCDEX). Sideways trend persisted for Turmeric as prices are looking to find some support at these lower levels. Low trading activities in mandis kept pressure on prices last week. Prices faced strong resistance near the 7000 mark. However, falling arrivals amidst rise in demand at these lower levels are likely to support prices in coming weeks. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold. April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then.
TURMERIC (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 6860
RESISTANCE 1: 6790 
SUPPORT 1: 6660
SUPPORT 2: 6590 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean May futures slipped by -0.72% in the last trading to close at 3850 level till Thursday closing. With no major bearish news available in commodity markets especially oil complex, soybean ended the day on strong note. The recent report of drop in export sales from India during February month versus January month has checked the upside of soybean lately. But last Fridays’ report of further drop in crop prospects of South America shall prevent the downside now. As per sources the production losses in Argentina are shifting more of the world’s soybean demand to Brazil. Brazil will be producing much higher soybeans than Argentina therefore will turn out to be the leading South American exporter of soybean to the world. Brazil’s 2017/18 soybean harvest is now pegged at 113 million tons. The USDA in its March month’s report had trimmed US exports again by 35 million bushels, but increased crush by 10 million bushels. As a result the U.S. supplies increased to 555 million bushels. The World Supply scenario in the same report however stood positive like previous month.
SOYABEAN (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3890
RESISTANCE 1: 3870 
SUPPORT 1 : 3850
SUPPORT 2:3830 
STRATEGY: SELL ON RISE

The NCDEX Guarseed May futures is slipped by -1.07% in the last trading to close at 4114 level till Thursday closing. Trend remained slight weak for Guar but prices did seem to find immediate support at these lower levels. Normal monsoon predictions by Skymet good for Guar sowing prospects from June onwards. Also with IMD’s recent bulletin on possibilities of good Monsoon this year, any recovery looks limited for now. Recovery in crude oil prices could brighten the export prospects keeping long term trend bullish. Lack of strong demand, higher stocks have kept trend down in short term however. Medium term outlook looks firm however as Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 4220
RESISTANCE : 4170 
SUPPORT 1 : 4080
SUPPORT 2 : 4050 
STRATEGY: SELL ON RISE

The NCDEX Jeera May futures is surged up by 0.29% in the last trading to close at 15535 level on Thursday. Jeera rates found strong support at the lower levels as demand started rising in the mandis amidst falling arrivals. There could be moderate recovery in prices by end of the week. Slowing down of new crop arrivals from Gujarat / Rajasthan are likely to support market sentiments. Traders too anticipate further fall to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags. Jeera acreage in Gujarat is up by 38% to 3.83 lakh hectares as on 15-Jan-18. Acreage was 2.88 lakh ha at that same time. Demand on the domestic front is set to increase from April onwards. Export demand too is expected to rise at these lower levels – aided by a firm Dollar vs Rupee.
JEERA (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 15750
RESISTANCE 1: 15650
SUPPORT 1: 15450
SUPPORT 2: 15350 
STRATEGY: BUY ON DIPS



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 12 APR 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric May futures is surged up by 2.36% in the last trading to close at 6676 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Sideways trend persisted for Turmeric as prices are looking to find some support at these lower levels. Low trading activities in mandis kept pressure on prices last week. Prices faced strong resistance near the 7000 mark. However, falling arrivals amidst rise in demand at these lower levels are likely to support prices in coming weeks. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold. April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then.
TURMERIC (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 6900
RESISTANCE 1: 6790 
SUPPORT 1: 6520
SUPPORT 2: 6370 
STRATEGY: BUY ON DIPS


The NCDEX Soyabean May futures surged up by 0.34% in the last trading to close at 3866 level till Wednesday closing. With no major bearish news available in commodity markets especially oil complex, soybean ended the day on strong note. The recent report of drop in export sales from India during February month versus January month has checked the upside of soybean lately. But last Fridays’ report of further drop in crop prospects of South America shall prevent the downside now. As per sources the production losses in Argentina are shifting more of the world’s soybean demand to Brazil. Brazil will be producing much higher soybeans than Argentina therefore will turn out to be the leading South American exporter of soybean to the world. Brazil’s 2017/18 soybean harvest is now pegged at 113 million tons. The USDA in its March month’s report had trimmed US exports again by 35 million bushels, but increased crush by 10 million bushels. As a result the U.S. supplies increased to 555 million bushels. The World Supply scenario in the same report however stood positive like previous month.
SOYABEAN (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3910
RESISTANCE 1: 3890 
SUPPORT 1 : 3840
SUPPORT 2: 3810 
STRATEGY: BUY ON DIPS

The NCDEX Guarseed May futures is surged up by 2.13% in the last trading to close at 4171 level till Wednesday closing. Trend remained slight weak for Guar but prices did seem to find immediate support at these lower levels. Normal monsoon predictions by Skymet good for Guar sowing prospects from June onwards. Also with IMD’s recent bulletin on possibilities of good Monsoon this year, any recovery looks limited for now. Recovery in crude oil prices could brighten the export prospects keeping long term trend bullish. Lack of strong demand, higher stocks have kept trend down in short term however. Medium term outlook looks firm however as Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 4250
RESISTANCE : 4200 
SUPPORT 1 : 4100
SUPPORT 2 : 4030 
STRATEGY: BUY ON DIPS

The NCDEX Jeera May futures is surged up by 0.10% in the last trading to close at 15480 level on Wednesday. Jeera rates found strong support at the lower levels as demand started rising in the mandis amidst falling arrivals. There could be moderate recovery in prices by end of the week. Slowing down of new crop arrivals from Gujarat / Rajasthan are likely to support market sentiments. Traders too anticipate further fall to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags. Jeera acreage in Gujarat is up by 38% to 3.83 lakh hectares as on 15-Jan-18. Acreage was 2.88 lakh ha at that same time. Demand on the domestic front is set to increase from April onwards. Export demand too is expected to rise at these lower levels – aided by a firm Dollar vs Rupee.
JEERA (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 15750
RESISTANCE 1: 15600 
SUPPORT 1: 15350
SUPPORT 2: 15200 
STRATEGY: BUY ON DIPS



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Tuesday, 10 April 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 11 APR 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric May futures is surged up by 1.56% in the last trading to close at 6526 level till Tuesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Sideways trend persisted for Turmeric as prices are looking to find some support at these lower levels. Low trading activities in mandis kept pressure on prices last week. Prices faced strong resistance near the 7000 mark. However, falling arrivals amidst rise in demand at these lower levels are likely to support prices in coming weeks. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold. April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then.
TURMERIC (MAY) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 6660
RESISTANCE 1: 6590 
SUPPORT 1: 6450
SUPPORT 2: 6380 
STRATEGY: SELL ON RISE

The NCDEX Soyabean May futures slipped by -0.57% in the last trading to close at 3857 level till Tuesday closing. With no major bearish news available in commodity markets especially oil complex, soybean ended the day on strong note. The recent report of drop in export sales from India during February month versus January month has checked the upside of soybean lately. But last Fridays’ report of further drop in crop prospects of South America shall prevent the downside now. As per sources the production losses in Argentina are shifting more of the world’s soybean demand to Brazil. Brazil will be producing much higher soybeans than Argentina therefore will turn out to be the leading South American exporter of soybean to the world. Brazil’s 2017/18 soybean harvest is now pegged at 113 million tons. The USDA in its March month’s report had trimmed US exports again by 35 million bushels, but increased crush by 10 million bushels. As a result the U.S. supplies increased to 555 million bushels. The World Supply scenario in the same report however stood positive like previous month.
SOYABEAN (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3900
RESISTANCE 1: 3880 
SUPPORT 1 : 3830
SUPPORT 2: 3800 
STRATEGY: SELL ON RISE

The NCDEX Guarseed May futures is surged up by 0.16% in the last trading to close at 4078 level till Tuesday closing. Trend remained slight weak for Guar but prices did seem to find immediate support at these lower levels. Normal monsoon predictions by Skymet good for Guar sowing prospects from June onwards. Also with IMD’s recent bulletin on possibilities of good Monsoon this year, any recovery looks limited for now. Recovery in crude oil prices could brighten the export prospects keeping long term trend bullish. Lack of strong demand, higher stocks have kept trend down in short term however. Medium term outlook looks firm however as Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (MAY) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4140
RESISTANCE : 4110 
SUPPORT 1 : 4040
SUPPORT 2 : 4000 
STRATEGY: SELL ON RISE

The NCDEX Jeera May futures is surged up by 0.78% in the last trading to close at 15415 level on Tuesday. Jeera rates found strong support at the lower levels as demand started rising in the mandis amidst falling arrivals. There could be moderate recovery in prices by end of the week. Slowing down of new crop arrivals from Gujarat / Rajasthan are likely to support market sentiments. Traders too anticipate further fall to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags. Jeera acreage in Gujarat is up by 38% to 3.83 lakh hectares as on 15-Jan-18. Acreage was 2.88 lakh ha at that same time. Demand on the domestic front is set to increase from April onwards. Export demand too is expected to rise at these lower levels – aided by a firm Dollar vs Rupee.
JEERA (MAY) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 15950
RESISTANCE 1: 15650 
SUPPORT 1: 15200
SUPPORT 2: 15000 
STRATEGY: SELL ON RISE



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 10 APR 2018

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The NCDEX Turmeric Apr futures is slipped by -1.86% in the last trading to close at 6334 level till Monday closing at India's National Commodity & Derivatives Exchange (NCDEX). Sideways trend persisted for Turmeric as prices are looking to find some support at these lower levels. Low trading activities in mandis kept pressure on prices last week. Prices faced strong resistance near the 7000 mark. However, falling arrivals amidst rise in demand at these lower levels are likely to support prices in coming weeks. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold. April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 6450
RESISTANCE 1: 6400 
SUPPORT 1: 6250
SUPPORT 2: 6150 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Apr futures slipped by -0.03% in the last trading to close at 3803 level till Monday closing. With no major bearish news available in commodity markets especially oil complex, soybean ended the day on strong note. The recent report of drop in export sales from India during February month versus January month has checked the upside of soybean lately. But last Fridays’ report of further drop in crop prospects of South America shall prevent the downside now. As per sources the production losses in Argentina are shifting more of the world’s soybean demand to Brazil. Brazil will be producing much higher soybeans than Argentina therefore will turn out to be the leading South American exporter of soybean to the world. Brazil’s 2017/18 soybean harvest is now pegged at 113 million tons. The USDA in its March month’s report had trimmed US exports again by 35 million bushels, but increased crush by 10 million bushels. As a result the U.S. supplies increased to 555 million bushels. The World Supply scenario in the same report however stood positive like previous month.
SOYABEAN (APR) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3880
RESISTANCE 1: 3840 
SUPPORT 1 : 3780
SUPPORT 2: 3760 
STRATEGY: SELL ON RISE

The NCDEX Guarseed Apr futures is slipped by -1.88% in the last trading to close at 4023 level till Monday closing. Trend remained slight weak for Guar but prices did seem to find immediate support at these lower levels. Normal monsoon predictions by Skymet good for Guar sowing prospects from June onwards. Also with IMD’s recent bulletin on possibilities of good Monsoon this year, any recovery looks limited for now. Recovery in crude oil prices could brighten the export prospects keeping long term trend bullish. Lack of strong demand, higher stocks have kept trend down in short term however. Medium term outlook looks firm however as Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4140
RESISTANCE : 4080 
SUPPORT 1 : 3990
SUPPORT 2 : 3960 
STRATEGY: SELL ON RISE

The NCDEX Jeera Apr futures is slipped by -0.87% in the last trading to close at 14810 level on Monday. Jeera rates found strong support at the lower levels as demand started rising in the mandis amidst falling arrivals. There could be moderate recovery in prices by end of the week. Slowing down of new crop arrivals from Gujarat / Rajasthan are likely to support market sentiments. Traders too anticipate further fall to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags. Jeera acreage in Gujarat is up by 38% to 3.83 lakh hectares as on 15-Jan-18. Acreage was 2.88 lakh ha at that same time. Demand on the domestic front is set to increase from April onwards. Export demand too is expected to rise at these lower levels – aided by a firm Dollar vs Rupee.
JEERA (APR) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 15000
RESISTANCE 1: 14900 
SUPPORT 1: 14750
SUPPORT 2: 14670 
STRATEGY: SELL ON RISE



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Sunday, 8 April 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 09 APR 2018

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The NCDEX Turmeric Apr futures is surged up by 0.15% in the last trading to close at 6454 level till Friday closing at India's National Commodity & Derivatives Exchange (NCDEX). Slight weak trend persisted for Turmeric on lower trading activities in mandis from Financial year ending. Prices faced strong resistance near the 7000 mark. Falling arrivals amidst rise in demand at these lower levels are likely to support prices however. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold. Traders expect export and domestic demand to rise in coming weeks, but new crop arrivals have kept uptrend limited in recent months. April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 6540
RESISTANCE 1: 6500 
SUPPORT 1: 6400
SUPPORT 2: 6350 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Apr futures slipped by -0.47% in the last trading to close at 3804 level till Friday closing. Soybean traded with eased tone yesterday. Talks of soybean import deals from African markets put pressure initially but long term fundamentals are bullish therefore a moderate recovery was noted. In longer term bullish tone in soymeal shall continue helping prices to bounce from support levels. The USDA in its March month’s report had trimmed US exports again by 35 million bushels, but increased crush by 10 million bushels. As a result the U.S. supplies increased to 555 million bushels. The World Supply scenario for soybeans however stood positive like previous month. Brazil’s soy crop was given marginal hike to 113 mmt, up 1 mmt from last month’s 112 mmt and below last year’s record of 114 mmt. This was somewhat friendly since the estimate did not rise as much as expected.
SOYABEAN (APR) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3860
RESISTANCE 1: 3830 
SUPPORT 1 : 3780
SUPPORT 2: 3760 
STRATEGY: SELL ON RISE

The NCDEX Guarseed Apr futures is surged up by 0.39% in the last trading to close at 4100 level till Friday closing. Moderate weakness persisted for Guar with IMD’s recent bulletin on possibilities of good Monsoon this year weighing on prices amidst lack of strong demand for now. But a recovery in crude oil prices brighten the export prospects keeping long term trend bullish. Lack of strong demand, higher stocks have kept trend down in short term even as long term trend remains positive. Medium term outlook looks firm however as Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4120
RESISTANCE : 4100 
SUPPORT 1 : 4080
SUPPORT 2 : 4070 
STRATEGY: SELL ON RISE

The NCDEX Jeera Apr futures is slipped by -1.19% in the last trading to close at 14940 level on Friday. Closure of mandis in Gujarat close due to Financial year ending kept trend slight weak for Jeera as trading activities fell. Markets are likely to trade slight down this week but expected to recover strongly next week. Amidst arrivals of the new crop from Gujarat, arrivals from Rajasthan are set to pick up in coming days and could put some short term dips on prices. However traders anticipate the downtrend to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Rising arrivals of new crop and an overall high crop estimate have been pressurizing prices. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags.
JEERA (APR) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 15500
RESISTANCE 1: 15200 
SUPPORT 1: 14800
SUPPORT 2: 14650 
STRATEGY: BUY ON DIPS



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Friday, 6 April 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & UPDATES - 06 APR 2018

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The NCDEX Turmeric Apr futures is slipped by -0.71% in the last trading to close at 6440 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Slight weak trend persisted for Turmeric on lower trading activities in mandis from Financial year ending. Prices faced strong resistance near the 7000 mark. Falling arrivals amidst rise in demand at these lower levels are likely to support prices however. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold. Traders expect export and domestic demand to rise in coming weeks, but new crop arrivals have kept uptrend limited in recent months. April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 6550
RESISTANCE 1: 6490 
SUPPORT 1: 6390
SUPPORT 2: 6350 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Apr futures surged up by 1.11% in the last trading to close at 3812 level till Wednesday closing. Soybean traded with eased tone yesterday. Talks of soybean import deals from African markets put pressure initially but long term fundamentals are bullish therefore a moderate recovery was noted. In longer term bullish tone in soymeal shall continue helping prices to bounce from support levels. The USDA in its March month’s report had trimmed US exports again by 35 million bushels, but increased crush by 10 million bushels. As a result the U.S. supplies increased to 555 million bushels. The World Supply scenario for soybeans however stood positive like previous month. Brazil’s soy crop was given marginal hike to 113 mmt, up 1 mmt from last month’s 112 mmt and below last year’s record of 114 mmt. This was somewhat friendly since the estimate did not rise as much as expected.
SOYABEAN (APR) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3880
RESISTANCE 1: 3840 
SUPPORT 1 : 3780
SUPPORT 2: 3740 
STRATEGY: SELL ON RISE

The NCDEX Guarseed Apr futures is surged up by 0.43% in the last trading to close at 4088 level till Wednesday closing. Moderate weakness persisted for Guar with IMD’s recent bulletin on possibilities of good Monsoon this year weighing on prices amidst lack of strong demand for now. But a recovery in crude oil prices brighten the export prospects keeping long term trend bullish. Lack of strong demand, higher stocks have kept trend down in short term even as long term trend remains positive. Medium term outlook looks firm however as Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4140
RESISTANCE : 4110 
SUPPORT 1 : 4060
SUPPORT 2 : 4030 
STRATEGY: SELL ON RISE

The NCDEX Jeera Apr futures is surged up by 3.73% in the last trading to close at 15160 level on Wednesday. Closure of mandis in Gujarat close due to Financial year ending kept trend slight weak for Jeera as trading activities fell. Markets are likely to trade slight down this week but expected to recover strongly next week. Amidst arrivals of the new crop from Gujarat, arrivals from Rajasthan are set to pick up in coming days and could put some short term dips on prices. However traders anticipate the downtrend to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Rising arrivals of new crop and an overall high crop estimate have been pressurizing prices. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags.
JEERA (APR) TECHNICAL VIEW:
TREND: BULLISH 
RESISTANCE 2: 15600
RESISTANCE 1: 15350 
SUPPORT 1: 14750
SUPPORT 2: 14400 
STRATEGY: BUY ON DIPS



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Thursday, 5 April 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 05 APR 2018

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The NCDEX Turmeric Apr futures is slipped by -1.10% in the last trading to close at 6496 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Slight weak trend persisted for Turmeric on lower trading activities in mandis from Financial year ending. Prices faced strong resistance near the 7000 mark. Falling arrivals amidst rise in demand at these lower levels are likely to support prices however. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold. Traders expect export and domestic demand to rise in coming weeks, but new crop arrivals have kept uptrend limited in recent months. April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 6640
RESISTANCE 1: 6570 
SUPPORT 1: 6450
SUPPORT 2: 6390 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Apr futures slipped by -2.10% in the last trading to close at 3770 level till Wednesday closing. Soybean traded with eased tone yesterday. Talks of soybean import deals from African markets put pressure initially but long term fundamentals are bullish therefore a moderate recovery was noted. In longer term bullish tone in soymeal shall continue helping prices to bounce from support levels. The USDA in its March month’s report had trimmed US exports again by 35 million bushels, but increased crush by 10 million bushels. As a result the U.S. supplies increased to 555 million bushels. The World Supply scenario for soybeans however stood positive like previous month. Brazil’s soy crop was given marginal hike to 113 mmt, up 1 mmt from last month’s 112 mmt and below last year’s record of 114 mmt. This was somewhat friendly since the estimate did not rise as much as expected.
SOYABEAN (APR) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3900
RESISTANCE 1: 3840 
SUPPORT3 1 : 3720
SUPPORT 2: 670 
STRATEGY: SELL ON RISE

The NCDEX Guarseed Apr futures is slipped by -0.60% in the last trading to close at 4070 level till Wednesday closing. Moderate weakness persisted for Guar with IMD’s recent bulletin on possibilities of good Monsoon this year weighing on prices amidst lack of strong demand for now. But a recovery in crude oil prices brighten the export prospects keeping long term trend bullish. Lack of strong demand, higher stocks have kept trend down in short term even as long term trend remains positive. Medium term outlook looks firm however as Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4110
RESISTANCE : 4090 
SUPPORT 1 : 4050
SUPPORT 2 : 4030 
STRATEGY: SELL ON RISE

The NCDEX Jeera Apr futures is surged up by 0.72% in the last trading to close at 14640 level on Wednesday. Closure of mandis in Gujarat close due to Financial year ending kept trend slight weak for Jeera as trading activities fell. Markets are likely to trade slight down this week but expected to recover strongly next week. Amidst arrivals of the new crop from Gujarat, arrivals from Rajasthan are set to pick up in coming days and could put some short term dips on prices. However traders anticipate the downtrend to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Rising arrivals of new crop and an overall high crop estimate have been pressurizing prices. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags.
JEERA (APR) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 14750
RESISTANCE 1: 14700 
SUPPORT 1: 14550
SUPPORT 2: 14470 
STRATEGY: BUY ON DIPS



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Monday, 2 April 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 03 APR 2018

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The NCDEX Turmeric Apr futures is slipped by -1.30% in the last trading to close at 6528 level till Monday closing at India's National Commodity & Derivatives Exchange (NCDEX). Slight weak trend persisted for Turmeric on lower trading activities in mandis from Financial year ending. Prices faced strong resistance near the 7000 mark. Falling arrivals amidst rise in demand at these lower levels are likely to support prices however. As new crop arrivals gradually come down with harvesting season getting over, demand started poring in and supporting the falling market sentiments. Technically the daily charts are now strongly oversold. Traders expect export and domestic demand to rise in coming weeks, but new crop arrivals have kept uptrend limited in recent months. April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000 and trend had been on the lower side since then.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 6730
RESISTANCE 1:6630 
SUPPORT 1: 6450
SUPPORT 2: 6370 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Apr futures surged up by 3.33% in the last trading to close at 3881 level till Monday closing. Soybean traded with eased tone yesterday. Talks of soybean import deals from African markets put pressure initially but long term fundamentals are bullish therefore a moderate recovery was noted. In longer term bullish tone in soymeal shall continue helping prices to bounce from support levels. The USDA in its March month’s report had trimmed US exports again by 35 million bushels, but increased crush by 10 million bushels. As a result the U.S. supplies increased to 555 million bushels. The World Supply scenario for soybeans however stood positive like previous month. Brazil’s soy crop was given marginal hike to 113 mmt, up 1 mmt from last month’s 112 mmt and below last year’s record of 114 mmt. This was somewhat friendly since the estimate did not rise as much as expected.
SOYABEAN (APR) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3980
RESISTANCE 1: 3930 
SUPPORT 1 : 3800
SUPPORT 2: 3720 
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Apr futures is slipped by -1.12% in the last trading to close at 4073 level till Monday closing. Moderate weakness persisted for Guar with IMD’s recent bulletin on possibilities of good Monsoon this year weighing on prices amidst lack of strong demand for now. But a recovery in crude oil prices brighten the export prospects keeping long term trend bullish. Lack of strong demand, higher stocks have kept trend down in short term even as long term trend remains positive. Medium term outlook looks firm however as Guar seed production is expected to lower versus last year while guar gum demand remains better than previous years and likely to remain better in coming months.
GUARSEED (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4200
RESISTANCE : 4130 
SUPPORT 1 : 4030
SUPPORT 2 : 4000 
STRATEGY: SELL ON RISE

The NCDEX Jeera Apr futures is surged up by 0.07% in the last trading to close at 14530 level on Monday. Closure of mandis in Gujarat close due to Financial year ending kept trend slight weak for Jeera as trading activities fell. Markets are likely to trade slight down this week but expected to recover strongly next week. Amidst arrivals of the new crop from Gujarat, arrivals from Rajasthan are set to pick up in coming days and could put some short term dips on prices. However traders anticipate the downtrend to be limited as prices have fallen a lot over last few months. The demand for the new crop is expected to rise at these lower levels in coming days. Rising arrivals of new crop and an overall high crop estimate have been pressurizing prices. Due to high prevailing rates last year, more sowing was done for this crop. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags.
JEERA (APR) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 14800
RESISTANCE 1: 14650 
SUPPORT 1: 14450
SUPPORT 2: 14350 
STRATEGY: BUY ON DIPS



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647