Showing posts with label Chana Futures tips. Show all posts
Showing posts with label Chana Futures tips. Show all posts

Tuesday, 27 January 2015

AGRI COMMODITY MARKET REPORT & LEVELS -28 JAN 2015

Chana Futures tips, Turmeric Tips, NCDEX Turmeric, soyabean NCDEX, NCDEX chana, , NCDEX Dhaniya, agri commdity tips, free agri callsNCDEX Turmeric April futures traded on a negative note on Tuesday . Turmeric spice easied by -1.03% to 8080 level on Tuesday(5.00pm) at NCDEX.Lack of strong demand amidst higher arrivals in the mandis kept trend weak for Turmeric.However with demand likely to rise in coming weeks at these lower levels, it could support the falling rates to some extent.
CS TURMERIC (APRIL) LEVELS
TREND    MIXED TO BEARISH
RESIST 2:8500 || RESIST 1:8290            
SUP1:7790 || SUP2:7500
STRATEGY: SELL ON RISE

The NCDEX Soyabean February futures surged by by 0.72% in the last trading to close at 3358 level till Tuesday closing.Rains in North-West and Central Indian and bearishness in International markets kept trend down for Soybean even as good demand in domestic markets persisted. Higher projections forglobal production could however keep a tap on the rising rates.
CS SOYABEAN (FEBRUARY) LEVELS
TREND  MIXED TO BEARISH
RESIST 2:3440 || RESIST 1:3400
SUP1:3300 || SUP2:3255
STRATEGY: SELL ON RISE

Chana futures traded on a positive note on incresed demand on Monday.Chana January contract gaine 0.55% to 3304 levels on Tuesday(5.00PM).No 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.
CS CHANA  (FEBRUARY) LEVELS                       
TREND  MIXED TO BEARISH
RESIST 2:3385 || RESIST 1:3345
SUP1:3260 || SUP2:3215
STRATEGY: SELL ON RISE

The NCDEX Dhaniya April futures eased by 4.00% in the last trading to close at 7738 level on Tuesday.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.
CS DHANIYA (APRIL) LEVELS
TREND   BEARISH
RESIST 2:8090 || RESIST 1: 7910             
SUP1:7650 || SUP2:7560
STRATEGY: SELL ON RISE



Friday, 16 January 2015

NCDEX CHANA SHEDS 1.5% ON SLUGGISH SPOT DEMAND

Chana NCDEX, Chana Tips, agri commdity tips, free agri calls, agri intraday, Chana Futures tips
  • Chana prices were down by 1.53 % to Rs 3,401 per quintal in futures trade today as speculators trimmed positions, amid sluggish domestic demand and adequate stocks position.
  •  NCDEX Chana January contract declined by Rs 31, or 0.89% to Rs 3,441 per quintal in 11,860 lots.
  • Chana is likely to trade sideways for short term and bearish for intra day. Lower sowing reports amidst fall in stocks and improved domestic demand are likely to support the prices.
  • short term support for Chana is seen at 3440 and resistance at 3630. Intra day support is seen at 3745 and resistance at 3520 .




Wednesday, 7 January 2015

CHANA MARKET UNDER LONG LIQUIDATION, OPEN INTEREST DROPS 7.74%

cs chana, Chana NCDEX, Agri Commodity Tips, free agri calls, Free Agri Tips, Chana Futures tips
  • Chana settled down by -1.19% at 3487 on subdued demand after government extended the duty free of import of chana. Worried over the fall in acreage and likely decline of output, the government extended the duty free of import of chana till Mar 31 2015. However downside seen limited on fears of fall in output due to lower acreage and adverse weather.
  • Chana is getting support at 3448 and below same could see a test of 3410 level, and resistance is now likely to be seen at 3531, a move above could see prices testing 3576.
  • Total rabi pulses acreage till Jan. 2, 2015 is down by 10% to 129.99 lakh hectare(Ha.)
  • In Delhi spot market, chana dropped by -36.9 rupee to end at 3479.4 rupee per 100 kgs.
CS CHANA  (JANUARY) OVERVIEW:                          

TREND MIXED TO BEARISH              STRATEGY: SELL ON RISE
RESIST 2:3515 || RESIST 1:3480
               SUP1:3410 || SUP2:3380


Monday, 29 December 2014

NCDEX CHANA RISING ON STRONGE DEMAND


Chana NCDEX, Agri Commodity Tips, free agri calls, Free Agri Tips, Chana stocks tips, Chana Futures tips
  • NCDEX Chana Jan. futures traded on a positive note on Monday taking clue from the spot market on raising demand against restricted arrivals.
  • Chana January contract gained 2.1 % to 3550 levels on Monday.
  • Chana is likely to trade positive for short term as well as intra day with short term support seen at 3510 and resistance at 3560. Intra day support is seen at 3430 and resistance at 3470,”.
  • Chana futures are expected to trade higher in the coming week as low arrivals and good demand of Dal may increase the prices however profit booking on higher levels may restrict sharp gains.