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

Tuesday, 2 December 2014

CARDAMOM CLIMBS BY 2.1% ON SPOT DEMAND

mcx cardamom, Future trading, delivery calls in MCX,besy trading tips
  • Cardamom price spurted by 2.13% to Rs 823.20 per kg in futures trade today as speculators indulged in creating fresh positions amid a firm trend at spot market on strong demand.
  • Cardamom futures gained on Tuesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand.
  • At the Multi Commodity Exchange, cardamom for delivery in December shot up by Rs 17.20, or 2.13%, to Rs 823.20 per kg in a business turnover of 614 lots.
  • Cardamom is Bearish for short term and bullish for intra day. Support for short term is seen at 770 and resistance 850. Intra day support is seen at 810 resistance at 825.
  • Cardamom December contract rose 1.49% to Rs. 818 per kg on Tuesday  at MCX.
  • Similarly, the spice for delivery in January next year moved up by Rs 4.60, or 0.54%, to Rs 862 per kg in 291 lots.

Monday, 1 December 2014

MCX MENTHA OIL FALLS BY 0.2% ON SLUGGISH DEMAND

mcx mentha oil, Free Agri Tips, free agri calls, Future trading, Best Trading Tips
  • Mentha oil moved down by 0.25% to Rs 724.10 per kg in futures trading today as speculators reduced their positions amidst subdued demand from consuming industries in the spot market.
  • At the Multi Commodity Exchange market, mentha oil for delivery in January next year declined by Rs 1.80, or 0.25%, to Rs 724.10 per kg in a business turnover of 110 lots.
  • However, the oil for delivery in December held steady at Rs 713.90 per kg in 552 lots.
  • At Technically market is under short covering as market has witnessed drop in open interest by -1.41% to settled at 8307 while prices up 19 rupee.
  • Now Menthaoil is getting support at 700.7 and below same could see a test of 687.5 level, and resistance is now likely to be seen at 721.4, a move above could see prices testing 728.9.
Trading Tips:-
  • Menthaoil trading range for the day is 687.5-728.9.
  • Menthaoil spot is at 800/-. Spot market is up by Rs.15/-.

Wednesday, 19 November 2014

Agri-commodity futures trade mixed; Coriander up, Turmeric down

Agri-commodity prices are trading mixed in domestic futures market on Wednesday. NCDEX Dhaniya, an index of 10 most liquid commodity futures declined 0.09% to trade at 2,589.41 .

Coriander futures gained the most with the rise of 3.45%, followed by GUAR SEED 2 MT (2.99%), Cotton Seed Oil cake (0.6%), Guar Seed 10 MT (0.29%) and Guar Gum (0.29%) at the National Commodity and Derivatives Exchange (NCDEX).
Corinder Up:-
Expiry date :- 19/12/2014, LTP in (Rs. ) :- 13195,chg in (Rs.) 440 ,% chg (3.45)

Turmeric futures dropped with the fall of 1.13% followed by Sugar M Grade (0.72%), Castor Seed (0.67%), Castor Seed 1 MT (0.63%), Soy Bean (0.6%) and Maize - Feed/Industrial Grade (0.58%) at the NCDEX.
Turmeric Down:-
Expiry date :-19/12/2014,  LTP in (Rs. ) :- 6284,chg in (Rs.)-72,% chg :-(-1.13)


Friday, 14 November 2014

Cardamom Sheds 0.89% On Low Spot Demand

Future Trading ,MCX, Agri Commodity Tips.

Cardamom prices were down by 0.89 per cent to Rs 869.10 per kg in futures trade today as speculators reduced positions amid low demand in the spot market against higher supplies from producing belts.

At the Multi Commodity Exchange, cardamom for delivery in December declined by Rs 7.80, or 0.89 per cent, to Rs 869.10 per kg in a business turnover of 283 lots.

The January contract traded lower by Rs 6.70, or 0.74 per cent, to Rs 896.80 per kg in 27 lots.

Analysts said offloading of positions by speculators amid low demand in the spot market against higher supplies from producing regions mainly pulled down cardamom prices in futures trade.


Wednesday, 12 November 2014

Turmeric gains 0.79% on rising demand



NCDEX Turmeric, Future trading

Turmeric prices rose by 0.79 % to Rs 6,384 per quintal in futures trade today as speculators indulged in creating fresh positions amid rising domestic as well as export demand in the spot market.

Besides, tight supplies in the physical market following restricted arrivals from producing regions supported the upside.

At the NCDEX turmeric for delivery in November traded higher by Rs 50, or 0.79 per cent, to Rs 6,384 per quintal with an open interest of 865 lots.

The December contract gained Rs 46, or 0.70 per cent, to Rs 6,610 per quintal in 9,290 lots.

Monday, 10 November 2014

Yesterday Jeera Futures Traded on a negative Notes


Yesterday Jeera futures traded on a negative note almost -0.38% lower due to profit taking from higher levels. Huge carryover stocks also put pressure on the prices. Prices gained over the last few weeks on overseas demand and firm exports data. Arrivals between at 14000-15000 bags against 10000 bags yesterday in Unjha market.

Area under jeera in Gujarat was reported at 455,000 ha as against 335,200 ha last year while about 390,000 ha were sown in Rajasthan. Geo-political tensions in Syria and Turkey have led to a supply crunch in the global markets raising supply concerns from the two major exporting countries. Export orders are diverted to India. Production is also expected to fall in Syria and Turkey due to crop failure.

Technical Outlook:-

                                               Unit          Support           Resistance
Jeera NCDEX Nov Futures   Rs./qtl    11560-11650     11845-11950

Market Highlights:-

                                                                              
                                                                                   % Change
                                      Unit      Last      Prevday    WoW      MoM      YoY
Jeera Spot-NCDEX       Rs./qtl     11559      0.51        1.60     6.93      -11.37
Jeera-NCDEXNovFut   Rs./qtl    11560     -0.86        2.53       8.34       -8.31

PRECIOUS-Gold edges up after slide, but seen pressured by rising dollar

Gold ticked up on Tuesday :-
it attempted to recover from a 2 percent slide in the previous
session, but was unlikely to rally as the outlook for the U.S.
dollar remained optimistic.
The dollar steadied on Tuesday after recouping some of its
post-payrolls losses as an uptick in risk appetite sent U.S.
Treasury yields higher and underpinned Wall Street stocks.

Spot gold gained 0.4 percent to $1,154.80 an ounce by
0330 GMT, after dropping 2.2 percent in the previous session.
   
"U.S. economic growth in particular looks buoyant and is
likely to drive the dollar even higher, placing downward
pressure on gold," .
   
The bleak investor interest in bullion indicated that
investors expect prices to drop further amid a strong recovery
in the U.S. economy, the likelihood of the Federal Reserve
rising rates sooner than later and a robust dollar.
   
Holdings of ETF Securities' rival SPDR Gold Trust, the
world's top gold exchange-traded fund, fell 0.25 percent to
725.36 tonnes on Monday - a fresh six-year low.

Gold prices could tumble towards $800 to $900 an ounce, not
seen since the 2008/2009 financial crisis, as the metal is no
longer seen as a decent portfolio diversifier, metals merchant
and hedge fund.
Analysts and traders surveyed by Reuters last week predicted
that prices could fall to $1,000 by the end of the year,
revisiting that level for the first time since 2009.
   
PRICES AT 0330 GMT :-

Metal                    Last              Change          Pct chg
                                   
 Spot gold             1154.8           4.67                0.41
 Spot silver           15.59             0.02                0.13
 Spot platinum     1197.8            5.8                  0.49
 Spot palladium   762.5              3.9                  0.51
 Comex gold        1154.2           -5.6                  -0.48
 Comex silver      15.595           -0.076              -0.48
 Euro                   1.2435                  
 DXY                    87.719