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

Wednesday, 6 May 2015

NCDEX CHANA UP 4% ON LOWER OUTPUT ESTIMETES

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Chana prices climbed 3.65 per cent to Rs 4,597 per quintal in futures trade today as speculators indulged in enlarging their positions amid lower output estimates due to unseasonal rainfall in key growing belts.
Also, rising demand in the spot market fuelled the uptrend.
At National Commodity and Derivatives Exchange, chana for delivery in June advanced Rs 162, or 3.65 per cent, to Rs 4,597 per quintal with an open interest of 1,07,600 lots.
Similarly, the commodity for delivery in May contracts gained Rs 133, or 3.04 per cent, to Rs 4,505 per quintal in 90,940 lots.
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Monday, 9 February 2015

DAILY AGRI COMMODITY MARKET REPORT -10 FEB 2015

Chana NCDEX , NCDEX Dhaniya, NCDEX soyabean , NCDEX Turmeric, Chana Futures trading tips , Agri Commodity Tips, free agri callsNCDEX TURMERIC April futures traded on a sluggished on Monday .Turmeric spice slipped by -0.35% to 7966 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.

NCDEX SOYABEAN April futures sluggished by -0.84% in the last trading to close at 3415 level till Monday closing. Market managed to recover from early losses on short covering and firm international cues. Moreover, bullish oil-complex sentiments also supported the trend. Meanwhile, higher projections for global production could however keep a cap on rising prices.

NCDEX CHANA futures traded on a positive note on incresed demand on Monday(5.00PM). Chana April contract gained 1.50% to 3586 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.

NCDEX DHANIYA April futures surged by -1.88% in the last trading to close at 7430 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.

Monday, 19 January 2015

NCDEX CHANA MARKET RISEN ON SHORT COVERING, GAINS AT 3410

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  • NCDEX Chana settled up by 1.1% at 3410 amid short covering due to poor spot supplies. Domestic demand for chana is weak in local mandis as the quality available is of inferior variety .  
  • Chana trading range for the day is 3315-3491. 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.
  • In Delhi spot market, chana dropped  by -8.6 rupee to end at 3409.65 rupee per 100 kgs
  • Technically market is under short covering as market has witnessed drop in open interest by -0.91% to settled at 104070 while prices up 37 rupee, now Chana is getting support at 3363 and below same could see a test of 3315 level, and resistance is now likely to be seen at 3451, a move above could see prices testing 3491.

Friday, 9 January 2015

NCDEX CHANA, OPEN INTEREST UP 8.53%

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  • Chana trading range for the day is 3460-3610.
  • Chana arrivals were steady at 30 trucks as compared to previous day. According to Ministry of Agriculture, total rabi pulses acreage till Jan. 2, 2015 is down by 10% to 129.99 lakh hectare(Ha.) as compared with last year’s area coverage of 144.79 lakh hectare during the corresponding week.
    In Delhi spot market, chana gained by 11.65 rupee to end at 3492.7 rupee per 100 kgs.
  • Technically market is under fresh selling as market has witnessed gain in open interest by 8.53% to settled at 83970 while prices remain unchange 0 rupee
  • Now Chana is getting support at 3498 and below same could see a test of 3460 level, and resistance is now likely to be seen at 3573, a move above could see prices testing 3610.



Monday, 5 January 2015

NCDEX CHANA TO TRADE SIDEWAY

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  • Chana futures are expected to trade sideways. Rains in many parts of North-West and Central India keeps market sentiments weak on anticipations of that being good for the standing crop.
  • NCDEX Chana January futures traded on a negative note on Tuesday. Chana January contract declined 1.15% to 3440 levels on Tuesday.
  • Chana is likely to trade sideways for short term and intraday with short term support seen at 3320 and resistance at 3550. Intraday support is seen at 3430 and resistance at 3490.
  • As per Ministry of Agriculture, rabi pulses 2014-15 coverage till Dec 26 is down to 124.16 lakh Ha as com-pared with last year’s area coverage of 134.72 lakh hectare during the corresponding week. The area planted under chana is also down to 77.81 Lakh ha against 90.66 lakh ha in same corresponding week during last year.


Thursday, 1 January 2015

NCDEX CHANA TREND ON SIDEWAYS

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  • Chana futures are expected to trade sideways. Rains in many parts of North-West and Central India keeps market sentiments weak on anticipations of that being good for the standing crop.
  • NCDEX Chana January futures traded on a negative note on Friday. Chana January contract declined 0.5% to 3455 levels on Friday  India's National Commodity & Derivatives Exchange Limited (NCDEX).
  • Chana is likely to trade sideways for short term and intra day with short term support seen at 3550 and resistance at 3770. Intra day support is seen at 3680 and resistance at 3750.
  • Domestic demand however likely to pick up again at the lower levels as overall market sentiments remain firm. Fall in Rabi sowing area for Rabi Pulses and lower International production prospects could support prices in medium to long term however.


Tuesday, 30 December 2014

CHANA TURNS BULLISH ON 10% IMPORT TAX

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  • Chana futures are expected to trade higher in the coming days as Agriculture Ministry of India has proposed an imposition of a 10 per cent duty on gram (chana) to restrict cheaper imports and protect farmers however profit booking on higher levels may restrict sharp gains.
  • NCDEX Chana Jan. futures traded on a negative note on Wednesday. Chana January contract contracted 1.5% to 3641 levels on Monday at India's National Commodity & Derivatives Exchange Limited (NCDEX).
  • Chana is likely to trade positive for short term and sideways for intra day with short term support seen at 3550 and resistance at 3770. Intra day support is seen at 3680 and resistance at 3750.
CS CHANA (JANUARY) TECHNICAL VIEW                        

      TREND: BULLISH                                 STRATEGY: BUY ON DIPS

RESIST 2:3850 | RESIST 1:3770                 SUP1:3570 | SUP2:3460

Thursday, 25 December 2014

NCDEX CHANA UP 1.4% ON RISING SPOT DEMAND

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  • Chana prices advanced by 1.44% to Rs 3,463 per quintal as speculators enlarged positions amid rising domestic demand.
  • Similarly, the commodity for delivery in January gained Rs 42, or 1.25%, to Rs 3,413 per quintal in 76,560 lots.
  • Chana is likely to trade positive for short term as well as intra day with short term support seen at 3280 and resistance at 3550. Intra day support is seen at 3350 and resistance at 3450.
  • At the National Commodity and Derivatives Exchange, chana for delivery in February advanced by Rs 49, or 1.44%, to Rs 3,463 per quintal with an open interest of 40,780 lots.


Tuesday, 23 December 2014

LATTEST CS AGRI NEWS UPDATE NCDEX CHANA-23 DEC 2014


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  • Chana witness gains at 3333, trading range 3268-3378
  • Chana settled up by 1.65% at 3333 taking positive cues from spot market on rising demand against limited arrivals from the major producing belts.
  • In Delhi spot market, chana gained  by 48.3 rupee to end at 3307.9 rupee per 100 kgs.
  • Technically market is under short covering as market has witnessed drop in open interest by -0.69% to settled at 83170 while prices up 54 rupee.
  • Now Chana is getting support at 3301 and below same could see a test of 3268 level, and resistance is now likely to be seen at 3356, a move above could see prices testing 3378.



Thursday, 18 December 2014

LATTEST NEWS UPDATE NCDEX CHANA ON 19 DEC 2014



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Chana to trade Positive on good demand

  • NCDEX Chana January futures traded on a positive note on Friday on account of limited arrivals and good demand. As per the physical market participants, sowing is significantly lower in two major states of Madhya Pradesh and Maharashtra.
  • Chana January contract rose 0.61% to 3291 levels on Friday at India's National Commodity & Derivatives Exchange Limited (NCDEX).
  • Chana is likely to trade positive for short term as well as intra day with short term support seen at 3160 and resistance at 3410. Intra day support is seen at 3270 and resistance at 3330.

Tuesday, 16 December 2014

NCDEX CHANA TRADED POSITIVE NOTE ON - 17 DEC 2014

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  • NCDEX Chana January futures traded on a positive note on Wednesday on account of lower arrivals due to rain noticed in northern part of India.
  • Chickpea/Chana January contract rose 1.63% to 3237 levels on Wednesday at India's National Commodity & Derivatives Exchange Limited (NCDEX).
  • Chana is likely to trade positive for short term as well as intra day with short term support seen at 3130 and resistance at 3370. Intra day support is seen at 3180 and resistance at 3250.
  • Technically market is under short covering as market has witnessed drop in open interest by -5.66% to settled at 90660 while prices up 71 rupee,now Chana is getting support at 3139 and below same could see a test of 3085 level, and resistance is now likely to be seen at 3220, a move above could see prices testing 3247.



Thursday, 11 December 2014

NCDEX CHANA GAINS BY 0.8%

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Chana gains by 0.8% on upsurge in spot demand
  • Chana prices moved higher by 0.78% to Rs 3,116 per quintal in futures trade today as speculators enlarged positions.
  • At the National Commodity and Derivatives Exchange, chana for delivery in January next year moved up by Rs 24, or 0.78%, to Rs 3,116 per quintal with an open interest of 98,380 lots.
  • Similarly, the commodity for delivery in December contract was up by Rs 22, or 0.73%, to Rs 3,041 per quintal in 17,350 lots.
  • Chana trading range for the day is 3034-3144.
    Technically market is under fresh buying as market has witnessed gain in open interest by 3.71% to settled at 93880 while prices up 19 rupee.
  • Now Chana is getting support at 3063 and below same could see a test of 3034 level, and resistance is now likely to be seen at 3118, a move above could see prices testing 3144.

Wednesday, 10 December 2014

NCDEX CHANA TRADE SIDE WAYS ON NEGATIVE NOTE

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  • Chana futures were trading negative on Wednesday due to sluggish demand and profit booking on higher levels.
  • Chana December contract declined 1.08% to 3025 levels on Wednesday at India's National Commodity & Derivatives Exchange Limited (NCDEX).
  • Chana is likely to trade sideways for short term as well as intra day with short term support seen at 2930 and resistance at 3120. Intra day support is seen at 3000 and resistance at 3070.
  • Chana has been sown over 69.43 lakh hectares as on December 05, 2014 which is -17.24% lower than the area sown during the same period previous year.
  • Chickpea/Chana production has been revised down in Australia to 435 thousand tonnes in the latest production estimates by the Australian Agricultural Department released on December 02, 2014.



Monday, 8 December 2014

NCDEX CHANA RISING DEMAND IN SPOT MARKET

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Chana climbs by 1.4% on upsurge in spot demand
  • Chana Supported by rising demand in spot markets, chana prices rose sharply by Rs 42, or 1.41% to, Rs 3,026 per quintal in futures trade today as speculators enlarged positions.
  • At the National Commodity and Derivatives Exchange, chana for delivery in December shot up by Rs 42, or 1.41% to Rs 3,026 per quintal with an open interest of 64,650 lots.
  • Similarly, the commodity for delivery in January next year moved up by Rs 39, or 1.28% to Rs 3,082 per quintal in 79,050 lots.
NCDEX Chana to trade on negative note
  • Chana is likely to trade negative for short term as well as intra day with short term support seen at 2930 and resistance at 3120. Intra day support is seen at 2980 and resistance at 3040.
  • Chana December contract gained 1.84% to 3039 levels on Monday at India's  NCDEX.
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