Showing posts with label Future Trading Tips. Show all posts
Showing posts with label Future Trading Tips. Show all posts

Tuesday, 26 May 2015

REFINED SOYA OIL RISES 0.68% AS DEMAND PICKS UP

 Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips , MCX Tips Services
Refined soya oil prices traded higher by 0.68 per cent at Rs 587.80 per 10 kg in futures trading today, amid a pick-up in domestic demand and restricted supplies from producing regions.
At the NCDEX, refined soya oil for delivery in far-month August contracts moved up by Rs 3.95, or 0.68 per cent, to Rs 587.80 per 10 kg with an open interest of 1,73,080 lots.
The June contract was trading higher by Rs 3.70, or 0.62 per cent, to Rs 598.25 per 10 kg in 63,320 lots.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 600 rupees per 10 kgs. Technically market is under long liquidation as market has witnessed drop in open interest by -4.86% to settled at 63650 while prices down -0.95 rupee, now Ref.Soya oil is getting support at 592 and below same could see a test of 588 level, and resistance is now likely to be seen at 598, a move above could see prices testing 600. 

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips , MCX Tips Services and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Monday, 18 May 2015

NCDEX SOYABEAN SHORT TERM BULLISH ON FALL IN OUTPUT

Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips , MCX Tips Services
Fall in Indian production as per 3rd Advanced Estimates kept trend up for Soybean after the recent fall. With a decrease of 5.37 million tons over last year, total production of oilseeds in the country is estimated at 27.38 million tonnes—as per 3rd Advanced estimates by GoI. Soybean production is estimated at 10.70 million tons.
Soybean June contract is bullish for both short term and intra day. Short term support is seen at 4050 and resistance at 4250. Intra day support is seen at 4110 and resistance at 4160.
NCDEX Soybean June futures were seen trading up by 1.02 per cent to 4145 levels on Monday .
Soybean production is projected at 3,850 million bushels, down 119 million from 2014 crop with record harvested area more than offset by lower yields. Supplies are projected 4,230 million bushels, up 3.4% from w014/15 with rising beginning stocks more than offsetting lower production.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips , MCX Tips Services and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Thursday, 14 May 2015

NCDEX GUARGUM SHORT TERM BULLISH; MONSOON UPDATE IN FOCUS

Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips

Guargum June contract is likely to trade bullish for both short term and intra day at NCDEX. Short term support is seen at 11200 and resistance at 12500. Intra day support is seen at 11400 and and resistance at 11750.
Guargum for June delivery was trading up 1.13 per cent to 11640 level on Thursday at India's National Commodity&Derivatives Exchange(NCDEX).
Guar failed to recover strongly on Wednesday as reports of timely arrival of Monsoon kept pressure on the prices—despite firmness in Crude Oil and Dollar
Because of lower rates, Indian export of Guargum has increased. In first 11 month of 2014-15, export rose more than 21% to 6.62 lakh tons while in same period of 2013-14 only 5.45 lakh tons gum was exported. During the whole financial year 2013-14 around 6.01 lakh ton gum was exported which was a record till now.
The govt has scrapped an incentive of 2% given for the exports of guar gum products, guar gum powder, korma and churi in new foreign trade policy-2014-15 while an incentive of 3% for direct exports of guar seed has been announced which will accelerate exports of guar seed.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips  and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900



Tuesday, 12 May 2015

AGRI COMMODITY MARKET TIPS FOR-13 MAY 2015

Agri Commodity Tips, Commodity free tips, Commodity intraday tips, commodity free tips, Chana Tips, Dhaniya Tips, SoyaBean  Tips, Turmeric Tips
CS TURMERIC TIPS  (JUNE) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:8520
RESIST 1:8420             
SUP1:8200
SUP2:8070
STRATEGY: SELL ON RISE
CS SOYABEAN TIPS  (JUNE) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:4315
RESIST 1:4230
SUP1:4075
SUP2:4010
STRATEGY: SELL ON RISE
CS CHANA TIPS  (JUNE) OVERVIEW:                        
TREND  MIXED TO BULLISH
RESIST 2:4725
RESIST 1:4685
SUP1:4580
SUP2:4525
STRATEGY: BUY ON DIPS
CS DHANIYA TIPS (JUNE) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:10770
RESIST 1: 10620           
SUP1:10380
SUP2:10290
STRATEGY: SELL ON RISE
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips  and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.





Friday, 13 February 2015

WEEKLY AGRI COMMODITY MARKET REPORT - 09 FEB TO 14 FEB 2015

Agri commodity tips ,free agri calls ,chana tips , Jeera Tips, Dhaniya Tips, Soyabean Tips, Turmeric Tips, Future Trading Tips

TURMERIC WEEKLY (APRIL) PIVOT POINT

SCRIPT            R2            R1         PP          S1           S2

TURMERIC     8476       8235       8048     7807        7620

WEEKLY OUTLOOK

 TREND            MIXED TO BEARISH
  R1                          8500                                    
  R2                          8250         
  S1                          7860          
  S2                          7530          
 STRATEGY        SELL ON RISE

DHANIYA  WEEKLY(APRIL) PIVOT POINT

SCRIPT            R2           R1         PP         S1           S2

DHANIYA        8112      7842      7596      7326      7080

WEEKLY OUTLOOK

TREND           MIXED TO BEARISH
  R1                         8180                                                                               
  R2                         7870                        
  S1                         7310          
  S2                         7080         
 STRATEGY       SELL ON RISE

SOYABEAN  WEEKLY (APRIL) PIVOT POINT

SCRIPT              R2          R1           PP         S1           S2

SOYABEAN     3578       3511        3463      3396      3348

WEEKLY OUTLOOK

TREND       CONSOLIDATE    
 R1                     3600                                                     
 R2                     3500                                    
 S1                     3385                                                
 S2                     3315                            
STRATEGY    BUY ON DIP  

JEERA WEEKLY(MARCH) PIVOT POINT

SCRIPT      R2               R1              PP              S1            S2

JEERA     15836         15223           14741        14128      13646

WEEKLY OUTLOOK

 TREND         MIXED TO BEARISH
  R1                          15835                                                  
  R2                          15300       
  S1                          14140                  
  S2                          13600           
 STRATEGY       SELL ON RISE

CHANA  WEEKLY(APRIL) PIVOT POINT

SCRIPT            R2           R1            PP         S1            S2

CHANA          3656         3594         3547    3485        3438

WEEKLY OUTLOOK

 TREND         CONSOLIDATE
  R1                       3680                                      
  R2                       3575                            
  S1                       3470                               
  S2                       3410                                  
 STRATEGY     BUY ON DIP





Friday, 30 January 2015

WEEKLY AGRI COMMODITY MARKET REPORT -27 JAN -31 JAN 2015

Agri Commodity Tips, free agri calls, Turmeric Tips, Soyabean Tips, Dhaniya Tips, Jeera Tips , Future Trading TipsTURMERIC WEEKLY(APRIL) PIVOT POINT

SCRIPT            R2            R1         PP          S1           S2

TURMERIC     9598        8881       8522      7805     7446

WEEKLY OUTLOOK

 TREND                        BEARISH

  R1                                 9680                                 

  R2                                 8900     

  S1                                 7825     

  S2                                 7450   

 STRATEGY                SELL ON RISE

DHANIYA  WEEKLY(APRIL) PIVOT POINT

SCRIPT            R2           R1         PP         S1           S2

DHANIYA       12770    10415     8845       6490      4920  

WEEKLY OUTLOOK

TREND               MIXED TO BEARISH

  R1                          12300                                                            

  R2                          10400       

  S1                          6500    

  S2                           5100   

 STRATEGY          SELL ON RISE

SOYABEAN  WEEKLY (FEBRUARY) PIVOT POINT

SCRIPT              R2          R1           PP         S1           S2

SOYABEAN       3524       3429      3374      3279      3224

WEEKLY OUTLOOK

TREND             MIXED TO BEARISH

 R1                               3530                                      

 R2                               3430                            

 S1                               3275                            

 S2                               3220            

STRATEGY          SELL ON RISE

JEERA WEEKLY(FEBRUARY) PIVOT POINT

SCRIPT      R2               R1              PP              S1            S2

JEERA       17446         16418          15871       14843    14296

WEEKLY OUTLOOK

 TREND               MIXED TO BEARISH

  R1                           17000                                              

  R2                           16400                         

  S1                           14800    

  S2                           14300        

 STRATEGY       SELL ON RISE

CHANA  WEEKLY(FEBRUARY) PIVOT POINT

SCRIPT            R2           R1            PP         S1            S2

CHANA        3560        3423          3342       3205        3124

WEEKLY OUTLOOK

 TREND              BEARISH

  R1                         3570                              

  R2                         3405                      

  S1                         3210                           

  S2                         3120                             

 STRATEGY     SELL ON RISE


Wednesday, 28 January 2015

AGRI COMMODITY MARKET REPORT & LEVELS FOR - 29 JAN 2015

Chana NCDEX, NCDEX Dhaniya, NCDEX soyabean, NCDEX Turmeric, free agri calls, agri commdity tips, Future Trading Tips

NCDEX Turmeric April futures traded on a positive note on Wednesday . Turmeric spice easied by 1.21% to 8180 level on Wednesday(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 2:8415 || RESIST 1:8280            
SUP1:8015 || SUP2:7890
STRATEGY: SELL ON RISE 
NCDEX Soyabean February futures eased by -0.51% in the last trading to close at 3339 level till Wednesday closing. Pick up in demand amidst expected clear skies could support the market sentiments for Soybean this week after the recent fall in rates. However bearishness in International markets prevented strong uptrend even as good demand in domestic markets persisted. Higher projections for global production could however keep a tap on the rising rates.
CS SOYABEAN (FEBRUARY) LEVELS
TREND  MIXED TO BEARISH
RESIST 2:3400 || RESIST 1:3370
SUP1:3310 || SUP2:3280
STRATEGY: SELL ON RISE


Chana futures traded on a positive note on incresed demand on Monday. Chana January contract gained 1.60% to 3360 levels on Wednesday(5.00PM). 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 BULLISH
RESIST 2:3405 || RESIST 1:3375
SUP1:3300 || SUP2:3255
STRATEGY: BUY ON DIPS


The NCDEX Dhaniya April futures eased by -0.17% in the last trading to close at 7725 level on Wednesday. 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   MIXED TO BEARISH
RESIST 2:8000 || RESIST 1: 7870             
SUP1:7575
SUP2:7400

STRATEGY: SELL ON RISE

Tuesday, 27 January 2015

CASTOR SEED & PALM OIL PRICES DOWN BY 2%


MCX crude palm oil, Castor seed NCDEX, agri commdity tips, free agri calls, Future Trading TipsCASTOR SEED prices declined by Rs 98 to Rs 4,110 per quintal in the futures trading today following trimming of positions by traders amid weak cues from spot as well as overseas markets.
At NCDEX castor seed prices for February fell by Rs 98, or 2.33%, to Rs 4,110 per quintal in an open interest of 1,08,610 lots.
March contracts dipped by Rs 98, or 2.30%, to Rs 4,156 per quintal in an open interest of 66,720 lots.
PALM OIL prices fell by 2.25% to Rs 430.60 per 10 kg in futures trading today as speculators trimmed positions amid a weak trend at spot market on sluggish demand.
MCX crude palm oil for delivery in February fell by Rs 9.90, or 2.25%, to Rs 430.60 per 10 kg in a business turnover of 244 lots.
oil for delivery in January traded lower by Rs 9.40, or 2.16%, to Rs 425.20 per 10 kg in 70 lots.

Wednesday, 14 January 2015

AGRI COMMODITY TRENDS AND LEVELS FOR 15 JAN 2015

Chana , Dhaniya , soyabean , cs turmeric, Agri Commodity Tips, free agri calls, Future Trading Tips
CS TURMERIC (APRIL) OVERVIEW:
TREND   MIXED TO BULLISH
RESIST 2:9475
RESIST 1:9330            
SUP1:9100
SUP2:9000
STRATEGY: BUY ON DIPS

CS SOYABEAN (FEBRUARY) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:3545
RESIST 1:3500
SUP1:3415
SUP2:3370
STRATEGY: BUY ON DIPS

CS CHANA  (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3515
RESIST 1:3485
SUP1:3430
SUP2:3405
STRATEGY: SELL ON RISE

CS DHANIYA (APRIL) OVERVIEW:
TREND   BEARISH
RESIST 2:8220
RESIST 1: 7870             
SUP1:7100
SUP2:6900
STRATEGY: SELL ON RISE

 

NCDEX SOYABEAN FUTURES TO TRADE ON MIXED NOTE


NCDEX soyabean, agri commdity tips, free agri calls, Future Trading Tips
Soybean futures may trade on a mixed note on increased import duty on edible oil and poor buying support on higher prices Yesterday, NCDEX Soybean Feb futures closed negative on weak demand at higher prices and adequate availability of soyabean in the domestic market. In India, Soymeal exports fell by 59 per cent to 1.94 lakh tonnes in December against 4.70 lakh tonnes in the same month a year ago. The export of soybean meal during December 2014 was 1, 94,012 tonnes as compared to 4, 70,799 tonnes in the same period of previous year.
Outlook
Soybean futures may trade on a mixed note on increased import duty on edible oil and poor buying support on higher prices.


Tuesday, 13 January 2015

AGRI MARKET STRATEGIES AND LEVELS FOR 14 JAN 2015

Chana, Dhaniya, cs turmeric, Soyabean, free agri calls, Agri Commodity Tips, Future Trading Tips
CS TURMERIC (APRIL) OVERVIEW:
TREND   BULLISH
RESIST 2:9480
RESIST 1:9350            
SUP1:9000
SUP2:8750
STRATEGY: BUY ON DIPS

CS SOYABEAN (FEBRUARY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3465
RESIST 1:3455
SUP1:3425
SUP2:3405
STRATEGY: SELL ON RISE

CS CHANA (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3625
RESIST 1:3555
SUP1:3435
SUP2:3385
STRATEGY: SELL ON RISE

CS DHANIYA (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:8460
RESIST 1: 8230             
SUP1:7885
SUP2:7770
STRATEGY: SELL ON RISE


Tuesday, 6 January 2015

NCDEX JEERA, OPEN INTEREST UP BY 6.28%

Jeera NCDEX, jeera trading tips, Future Trading Tips, free agri calls, Agri Commodity Tips
  • Jeera trading range for the day is 14730-16190.
  • Jeera settled down by -2.66% at 15355 due to profit-booking at prevailing higher levels. Moreover, lower demand in the spot market against higher supplies from producing regions mainly kept pressure on  jeera prices. 
  • At Rajkot market, total arrivals are at 720 quintals, down by 160 quintals as against previous day.
  • Jeera exports have been 87,500 tonnes in the first six months (Apr-Sep) of 2014-15, a rise of 25% from the corresponding period of the previous. 
  • In Unjha, a key spot market in Gujarat, jeera edged down by -75.8 rupees to end at 15134.2 rupee per 100 kg.  
  • Technically market is under fresh selling as market has witnessed gain in open interest by 6.28% to settled at 11670 while prices down -420 rupee.

Monday, 5 January 2015

CRUDE PALM OIL EXTEND GAINS ON SPOT DEMAND

MCX crude palm oil, Agri Commodity Tips, free agri calls, Future Trading Tips

  • Continued its rising streak for the third straight day, crude palm oil prices advanced 0.43% to Rs 472.40 per 10 kg in futures market today as speculators enlarged positions, tracking a firm trend at spot market on strong demand.
  • Multi Commodity Exchange, crude palm oil for delivery in far-month February added Rs 2, or 0.43% to Rs 472.40 per 10 kg in business turnover of 282 lots.
  • The oil for delivery in January contract rose by Rs 1.70, or 0.37% to Rs 464.50 per 10 kg in 213 lots.
  • Technically market is under short covering as market has witnessed drop in open interest by -1.13% to settled at 4113 while prices up 1.1 rupee, Now CPO is getting support at 458.4 and below same could see a test of 453.9 level, and resistance is now likely to be seen at 465.7, a move above could see prices testing 468.5.


FRESH BUYING SEEN IN MAIZE, OPEN INTEREST UP 17.46%

Agri Commodity Tips, Free Agri Tips, free agri calls, Maize NCDEX, maize trading tips, Future Trading Tips
  • Maize settled up 0.24% at 1251 tracking firmness in spot demand. Corn prices could come under additional pressure as South American farmers harvest expected bumper crops after largely favorable growing weather.
  • In Nizamabad market, maize prices dropped -2 rupee to end at 1342 rupees per 10 kg.
  • Technically market is under fresh buying as market has witnessed gain in open interest by 17.46% to settled at 4440 while prices up 3 rupee.
  • Now Maize is getting support at 1245 and below same could see a test of 1239 level, and resistance is now likely to be seen at 1257, a move above could see prices testing 1263.



AGRI COMMODITY MARKET LEVELS FOR 05 JAN 2015

agri market trend, cs chana, cs dhaniya, cs soyabean, cs turmeric, Future Trading Tips, agri commodity tips, Free Agri Tips
CS TURMERIC (APRIL) OVERVIEW:

TREND  MIXED TO BULLISH

RESIST 2:9830 || RESIST 1:9535            

SUP1:9090 || SUP2:8940

STRATEGY: BUY ON DIPS

CS SOYABEAN (JANUARY) OVERVIEW:

TREND  MIXED TO BULLISH

RESIST 2:3420 || RESIST 1:3390

SUP1:3330 || SUP2:3295

STRATEGY: BUY ON DIPS

CS CHANA (JANUARY) OVERVIEW:                        

TREND  MIXED TO BEARISH

RESIST 2:3580 || RESIST 1:3530

SUP1:3430 || SUP2:3380

STRATEGY: SELL ON RISE

CS DHANIYA (JANUARY) OVERVIEW:

TREND MIXED TO BEARISH

RESIST 2:11400 || RESIST 1: 11200              

SUP1:10750 || SUP2:10500     

STRATEGY:  SELL ON RISE

REFINED SOYA OIL GAINS 0.53% AS DEMAND PICKS UP

Agri Commodity Tips, Free Agri Tips, free agri calls, ncdex ref.soyaoil, Future Trading Tips
  • Refined soya oil prices gained 0.53% to Rs 643.80 per 10 kg in futures market today as speculators enlarged positions, driven by pick up in demand in the spot market.
  • At the NCDEX, refined soya oil for delivery in January moved up by Rs 3.40, or 0.53 % to Rs 643.80 per 10 kg with an open interest of 56,650 lots.
  • The February contract traded higher by Rs 3.20, or 0.50% to Rs 645 per 10 kg in 69,695 lots.
  • Ref.Soya oil settled flat at 641.8 on late profit booking after prices seen supported due to robust demand and on higher import duty. 
  • At the Indore spot market in Madhya Pradesh, soyaoil was steady at 660 rupees per 10 kgs.
  • Technically market is under long liquidation as market has witnessed drop in open interest by -0.33% to settled at 69185 while prices down -0.25 rupee.

Friday, 2 January 2015

MAIZE TRADING RANGE 1244-1252, DOWN AT 1248

Agri Commodity Tips, free agri calls, Maize NCDEX, maize trading tips, Future Trading Tips
  • Maize settled down by -0.4% at 1248 tracking weakness in spot demand amid lack of direction from overseas prices. As per ministry of agriculture, maize have been sown in 9.73 lakh hectares as on now during Rabi season, higher by 0.05 lakh hectares as compared to last year. 
  • In Nizamabad market, maize prices dropped -2 rupee to end at 1342 rupees per 10 kg.
  • Technically market is under fresh selling as market has witnessed gain in open interest by 5.88% to settled at 3780 while prices down -5 rupee.
  • Now Maize is getting support at 1246 and below same could see a test of 1244 level, and resistance is now likely to be seen at 1250, a move above could see prices testing 1252.



Thursday, 1 January 2015

NCDEX SOYABEAN BULLISH FOR SHORT TERM


soyabean NCDEX, free agri calls, Free Agri Tips, Agri Commodity Tips, Future Trading Tips
  • NCDEX Soyabean Jan futures were trading down on Thursday taking cues from the international markets and on profit booking on higher levels.
  • NCDEX Soyabean January contract slipped 0.86% to 3337 levels on Thursday.
  • Soyaa bean January contract is likely to trade bullish for short term and sideways for intra day. Short term support is seen at 3230 and resistance at 3450. “Intra day support is seen at 3340 and and resistance at 3380,”.
  • Global oilseed production for 2014/15 is projected at a record 530.7 million tons, up 1.8 million tons from last month. Foreign oilseed production accounts for most of the change on increases for soyabeans, rapeseed, and sun flower seed.

Wednesday, 24 December 2014

CS AGRI MARKET TRENDS & STRATEGIES FOR 24 DEC 2014


cs chana, cs dhaniya, cs turmeric, cs soyabean, agri commdity tips, free agri call, free commodity tips, Future Trading Tips
CS TURMERIC (APRIL) OVERVIEW:
TREND  BULLISH
RESIST 2:8535
RESIST 1:8450              
SUP1:8240
SUP2:8120
STRATEGY: BUY ON DIPS
CS SOYABEAN (JANUARY) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:3370
RESIST 1:3355
SUP1:3330
SUP2:3320
STRATEGY: BUY ON DIPS
CS CHANA  (JANUARY) OVERVIEW:                        
TREND MIXED TO  BULLISH
RESIST 2:3385
RESIST 1:3355
SUP1:3300
SUP2:3265
STRATEGY: BUY ON DIPS
CS DHANIYA (JANUARY) OVERVIEW:
TREND MIXED TO  BULLISH
RESIST 2:13025
RESIST 1: 12900              
SUP1:12550
SUP2:12350     
STRATEGY: BUY ON DIPS





Sunday, 21 December 2014

LATTEST CS AGRI NEWS UPDATE NCDEX JEERA-22 DEC 2014

 ncdex jeera, Agri Commodity Tips, free agri calls, Free Agri Tips, Future Trading Tips

Jeera to continue bullish streak on strong demand
  • Jeera January futures traded on a positive note on Monday on back of strong export demand from overseas markets.
  • Jeera January contract rose 2.09 per cent to 13920 on Monday at India's National Commodity& Derivative Exchange(NCDEX).
  • Jeera January contract is likely to trade bullish for short term and sideways for intra day. Short term support seen at 13300 and resistance at 14650. Intra day support is seen at 13500 and resistance at 13750.
Jeera market under long liquidation, open interest drops 2.17%
  • Technically market is under long liquidation as market has witnessed drop in open interest by -2.17% to settled at 7857 while prices down -20 rupee.
  • Now Jeera is getting support at 13487 and below same could see a test of 13368 level, and resistance is now likely to be seen at 13747, a move above could see prices testing 13888.