Showing posts with label Future Trade. Show all posts
Showing posts with label Future Trade. Show all posts

Thursday, 8 January 2015

MCX MENTHA OIL PRICES DOWN 0.5%

mcx mentha oil, Future Trade, Agri Commodity Tips , free agri calls
  • Mentha oil prices fell 0.45% to Rs 761.90 per kg in futures trade today.
  • MCX Mentha oil for delivery in January eased by Rs 3.50, or 0.45%, to Rs 761.90 per kg, with a business volume of 370 lots.
  • Similarly, mentha oil prices for the February delivery eased by Rs 3.50, or 0.45%, to Rs 772.50 per kg, with a business turnover of 80 lots.
  • Technically market is under short covering as market has witnessed drop in open interest by -0.64% to settled at 9904 while prices up 8.4 rupee, now Menthaoil is getting support at 756.8 and below same could see a test of 748.2 level, and resistance is now likely to be seen at 771.4, a move above could see prices testing 777.4.
  • Mentha oil settled up by 1.11% at 765.4 on the back of strong demand from consuming industries in spot markets against lower arrivals from Chandausi in Uttar Pradesh.


Tuesday, 6 January 2015

CARDAMOM GAINS 0.77% AS SPOT DEMAND PICKS UP

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  • Cardamom prices moved up by 0.77 % to Rs 1,087.20 per kg in futures trade today as speculators indulged in creating fresh positions after pick up in demand in the spot market.
  • At the Multi Commodity Exchange, cardamom for delivery in February rose Rs 8.30, or 0.77 % to Rs 1,087.20 per kg in business turnover of 507 lots.
  • MCX Cardamom January contract plunged by 0.96% to Rs. 979.40 per kg on Tuesday
  • Cardamom is side ways for both short term and intraday. Support for short term is seen at 940 and resistance 1020. Intra day support is seen at 978 resistance at 1005.
  • Market analysts said fresh positions built-up by speculators due to pick-up in demand in the spot market mainly led to the rise in cardamom prices at futures trade.



Tuesday, 18 November 2014

Chana slides 0.38% on adequate supply


Chana Futures, Chana NCDEX, Chana Trade, Future Trade, NCDEX,Delivery calls
NCDEX CHANA Tread :- Sideway
Outlook turn bearish  for NCDEX chana Trade

PIVOT POINT :- 3164,S1-3133 ,R1:-3185

Chana prices were down by 0.38 per cent to Rs 3,171 per quintal in futures trade today as speculators trimmed positions, driven by increased supplies from producing regions in spot market against subdued demand.

At the National Commodity and Derivative Exchange, chana for delivery in November fell by Rs 12, or 0.38 per cent to Rs 3,171 per quintal with an open interest of 53,480 lots.

The December contract declined by Rs 10, or 0.32 per cent to Rs 3,144 per quintal in 66,450 lots.

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