Showing posts with label Jeera Tips. Show all posts
Showing posts with label Jeera Tips. Show all posts

Wednesday, 21 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 22 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,


The NCDEX Turmeric Apr futures is surged up by 0.63% in the last trading to close at 6994 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Moderate weakness was noted for Turmeric even as prices found some immediate support at the 7000 mark. Traders expect export and domestic demand to rise in coming weeks, but new crop arrivals have kept uptrend limited for now. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 7170
RESISTANCE 1: 7080
SUPPORT 1: 6900
SUPPORT 2: 6800
STRATEGY: SELL ON RISE

The NCDEX Soyabean Feb futures slipped by -0.92% in the last trading to close at 3771 level till Wednesday closing. Soybean gave back morning gains mainly due to profit taking. Improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed in coming weeks. March soybean in the currently week is expected to find strong support region between 3710-20 levels. Domestic fundamentals are firm therefore expect soybean to maintain the bullish trend this month as well. Although US production has been estimated higher but as per experts the U.S. soybean’s production surplus seems insufficient to offset the global demand patterns (A bullish inference overall). For the current month March soybean is unlikely to break the 3650- 3700 support region comfortably, and except marginal dips prices are most likely to move towards new highs gradually.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 3810
RESISTANCE 1: 3790
SUPPORT 1 : 3740
SUPPORT 2: 3715
STRATEGY: SELL ON RISE

The NCDEX Guarseed Feb futures is surged up by 0.37% in the last trading to close at 4421 level till Wednesday closing. Prices failed to hold onto the higher levels as profit booking set in. However, firmness in Crude oil rates and slight firmness in Dollar vs Rupee are likely to support market sentiments. Traders anticipate the export demand to start rising at these lower levels in coming weeks as long term trend remains Bullish. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US.
GUARSEED (MARCH) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 4490
RESISTANCE : 4450
SUPPORT 1: 4380
SUPPORT 2 :4340
STRATEGY: BUY ON DIPS

The NCDEX Jeera March futures is surged up by 2.15% in the last trading to close at 15690 level on Wednesday. Rising arrivals of the new crop amidst better crop expectations kept pressure on Jeera market sentiments as traders wait for some more dips before initiating demand for the fresh crop. Recent reports of apprehensions of crop damage in parts of Gujarat from climatic fluctuations may not be strong to support prices for now as overall production is expected to be higher this year. Even as sowing is expected to be higher with shifting of other crop towards Jeera due to high prevailing rates, delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals. Export demand from China rises and from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected production and exports from there.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 16050
RESISTANCE 1: 15870
SUPPORT 1: 15420
SUPPORT 2: 15150
STRATEGY: SELL ON RISE



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Tuesday, 20 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 21 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is slipped by -2.11% in the last trading to close at 6964 level till Tuesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Moderate weakness was noted for Turmeric even as prices found some immediate support at the 7000 mark. Traders expect export and domestic demand to rise in coming weeks, but new crop arrivals have kept uptrend limited for now. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 7210
RESISTANCE 1: 7090
SUPPORT 1: 6870
SUPPORT 2: 6770
STRATEGY: SELL ON RISE

The NCDEX Soyabean Feb futures surged up by 1.22% in the last trading to close at 3810 level till Tuesday closing. Soybean gave back morning gains mainly due to profit taking. Improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed in coming weeks. March soybean in the currently week is expected to find strong support region between 3710-20 levels. Domestic fundamentals are firm therefore expect soybean to maintain the bullish trend this month as well. Although US production has been estimated higher but as per experts the U.S. soybean’s production surplus seems insufficient to offset the global demand patterns (A bullish inference overall). For the current month March soybean is unlikely to break the 3650- 3700 support region comfortably, and except marginal dips prices are most likely to move towards new highs gradually.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 3850
RESISTANCE 1: 3830
SUPPORT 1 : 3770
SUPPORT 2: 3740
STRATEGY: SELL ON RISE

The NCDEX Guarseed Feb futures is surged up by 0.78% in the last trading to close at 4418 level till Tuesday closing. Prices failed to hold onto the higher levels as profit booking set in. However, firmness in Crude oil rates and slight firmness in Dollar vs Rupee are likely to support market sentiments. Traders anticipate the export demand to start rising at these lower levels in coming weeks as long term trend remains Bullish. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US.
GUARSEED (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4490
RESISTANCE : 4450
SUPPORT 1: 4350
SUPPORT 2 : 4290
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -0.84% in the last trading to close at 15395 level on Tuesday. Rising arrivals of the new crop amidst better crop expectations kept pressure on Jeera market sentiments as traders wait for some more dips before initiating demand for the fresh crop. Recent reports of apprehensions of crop damage in parts of Gujarat from climatic fluctuations may not be strong to support prices for now as overall production is expected to be higher this year. Even as sowing is expected to be higher with shifting of other crop towards Jeera due to high prevailing rates, delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals. Export demand from China rises and from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected production and exports from there.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 15800
RESISTANCE 1: 15600
SUPPORT 1: 15200
SUPPORT 2: 15000
STRATEGY: SELL ON RISE


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Monday, 19 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 20 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is slipped by -1.98% in the last trading to close at 7114 level till Monday closing at India's National Commodity & Derivatives Exchange (NCDEX). There was no strong movement for Turmeric as it found good psychological support at 7000 with markets recovering after the recent fall. Sentiments still have not turned positive as new crop arrivals pick up with limited demand as of now, even as short term recovery gets noted. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 7350
RESISTANCE 1: 7230 
SUPPORT 1: 7050
SUPPORT 2: 6990 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Feb futures slipped by -1.72% in the last trading to close at 3765 level till Monday closing. Slower arrival pace acts as an influencing bullish driver currently. There was profit taking at higher levels on Monday but in coming sessions, improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed. March soybean in the currently week is expected to find strong support region between 3740-60 levels. We expect same fundamentals to continue influencing soybean prices and In case soymeal demand remains firm then expect the new highs in coming sessions. The USDA report released last Thursday overall suggests limited downside in global soybean prices in coming months. From the USDA report reaction by the global oilseed markets it seems that the hedge funds are factoring in mainly on the global stock drawdowns – the USDA further lowered the globalsoybean end stock estimate from its previous month’s estimate.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 3910
RESISTANCE 1: 3840 
SUPPORT 1 : 3720
SUPPORT 2: 3680 
STRATEGY: SELL ON RISE

The NCDEX Guarseed Feb futures is slipped by -2.00% in the last trading to close at 4360 level till Monday closing. Moderate weakness persisted for Guar after the recent highs as profit booking at the higher levels amidst lower demand on the export front from falling crude oil prices kept pressure on market sentiments. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support.
GUARSEED (MARCH) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4580
RESISTANCE : 4470 
SUPPORT 1: 4300
SUPPORT 2 : 4250 
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -2.56% in the last trading to close at 15445 level on Monday. Trend weakened for Jeera since last few weeks as expected rise in new crop arrivals amidst lack of strong demand kept trend down for the commodity. Short term fundamentals are not strong for now. Even as sowing is expected to be higher with shifting of other crop towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals. Exports from China have reportedly been on the rise. Demand from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected the production and the exports from there. India became major beneficiary.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 15980
RESISTANCE 1: 15700 
SUPPORT 1: 15300
SUPPORT 2: 15180 
STRATEGY: SELL ON RISE



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Sunday, 18 February 2018

Capitalstars Free Agri Commodity Market news & Levels - 19 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is surged up by 0.47% in the last trading to close at 7250 level till Friday closing at India's National Commodity & Derivatives Exchange (NCDEX). There was no strong movement for Turmeric as it found good psychological support at 7000 with markets recovering after the recent fall. Sentiments still have not turned positive as new crop arrivals pick up with limited demand as of now, even as short term recovery gets noted. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra.
TURMERIC (APR) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 7360
RESISTANCE 1: 7300 
SUPPORT 1: 7190
SUPPORT 2: 7120 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Feb futures surged up by -2.06% in the last trading to close at 3819 level till Friday closing. Slower arrival pace acts as an influencing bullish driver currently. There was profit taking at higher levels on Monday but in coming sessions, improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed. March soybean in the currently week is expected to find strong support region between 3740-60 levels. We expect same fundamentals to continue influencing soybean prices and In case soymeal demand remains firm then expect the new highs in coming sessions. The USDA report released last Thursday overall suggests limited downside in global soybean prices in coming months. From the USDA report reaction by the global oilseed markets it seems that the hedge funds are factoring in mainly on the global stock drawdowns – the USDA further lowered the globalsoybean end stock estimate from its previous month’s estimate.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3910
RESISTANCE 1: 3860 
SUPPORT 1 : 3750
SUPPORT 2: 3690 
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Feb futures is surged up by 1.84% in the last trading to close at 4436 level till Friday closing. Moderate weakness persisted for Guar after the recent highs as profit booking at the higher levels amidst lower demand on the export front from falling crude oil prices kept pressure on market sentiments. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support.
GUARSEED (MARCH) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 4520
RESISTANCE : 4480 
SUPPORT 1: 4390
SUPPORT 2 : 4340 
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -0.03% in the last trading to close at 15840 level on Friday. Trend weakened for Jeera since last few weeks as expected rise in new crop arrivals amidst lack of strong demand kept trend down for the commodity. Short term fundamentals are not strong for now. Even as sowing is expected to be higher with shifting of other crop towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals. Exports from China have reportedly been on the rise. Demand from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected the production and the exports from there. India became major beneficiary.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 16000
RESISTANCE 1: 15900 
SUPPORT 1: 15750
SUPPORT 2: 15650 
STRATEGY: SELL ON RISE



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Thursday, 15 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 16 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is surged up by 0.06% in the last trading to close at 7220 level till Thursday closing at India's National Commodity & Derivatives Exchange (NCDEX). There was no strong movement for Turmeric as it found good psychological support at 7000 with markets recovering after the recent fall. Sentiments still have not turned positive as new crop arrivals pick up with limited demand as of now, even as short term recovery gets noted. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra.
TURMERIC (APR) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 7280
RESISTANCE 1: 7250
SUPPORT 1: 7170
SUPPORT 2: 7130
STRATEGY: SELL ON RISE

The NCDEX Soyabean Feb futures slipped by -0.90% in the last trading to close at 3731 level till Thursday closing. Slower arrival pace acts as an influencing bullish driver currently. There was profit taking at higher levels on Monday but in coming sessions, improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed. March soybean in the currently week is expected to find strong support region between 3740-60 levels. We expect same fundamentals to continue influencing soybean prices and In case soymeal demand remains firm then expect the new highs in coming sessions. The USDA report released last Thursday overall suggests limited downside in global soybean prices in coming months. From the USDA report reaction by the global oilseed markets it seems that the hedge funds are factoring in mainly on the global stock drawdowns – the USDA further lowered the globalsoybean end stock estimate from its previous month’s estimate.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 3880
RESISTANCE 1: 3800
SUPPORT 1 : 3690
SUPPORT 2: 3650
STRATEGY: SELL ON RISE

The NCDEX Guarseed Feb futures is surged up by 0.14% in the last trading to close at 4365 level till Thursday closing. Moderate weakness persisted for Guar after the recent highs as profit booking at the higher levels amidst lower demand on the export front from falling crude oil prices kept pressure on market sentiments. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support.
GUARSEED (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4460
RESISTANCE : 4410
SUPPORT 1: 4320
SUPPORT 2 : 4280
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -0.57% in the last trading to close at 15805 level on Thursday. Trend weakened for Jeera since last few weeks as expected rise in new crop arrivals amidst lack of strong demand kept trend down for the commodity. Short term fundamentals are not strong for now. Even as sowing is expected to be higher with shifting of other crop towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals. Exports from China have reportedly been on the rise. Demand from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected the production and the exports from there. India became major beneficiary.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 16100
RESISTANCE 1: 15950
SUPPORT 1: 15730
SUPPORT 2: 15650
STRATEGY: SELL ON RISE


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Wednesday, 14 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 15 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is slipped by -0.52% in the last trading to close at 7228 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX). There was no strong movement for Turmeric as it found good psychological support at 7000 with markets recovering after the recent fall. Sentiments still have not turned positive as new crop arrivals pick up with limited demand as of now, even as short term recovery gets noted. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra.
TURMERIC (APR) TECHNICAL VIEW: 
TREND: BEARISH 
RESISTANCE 2: 7440 
RESISTANCE 1: 7330 
SUPPORT 1: 7130 
SUPPORT 2: 7030 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Feb futures slipped by -1.83% in the last trading to close at 3762 level till Wednesday closing. Slower arrival pace acts as an influencing bullish driver currently. There was profit taking at higher levels on Monday but in coming sessions, improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed. March soybean in the currently week is expected to find strong support region between 3740-60 levels. We expect same fundamentals to continue influencing soybean prices and In case soymeal demand remains firm then expect the new highs in coming sessions. The USDA report released last Thursday overall suggests limited downside in global soybean prices in coming months. From the USDA report reaction by the global oilseed markets it seems that the hedge funds are factoring in mainly on the global stock drawdowns – the USDA further lowered the globalsoybean end stock estimate from its previous month’s estimate.
SOYABEAN (MARCH) TECHNICAL VIEW: 
TREND: BEARISH 
RESISTANCE 2: 3945 
RESISTANCE 1: 3850 
SUPPORT 1 : 3710 
SUPPORT 2: 3650 
STRATEGY: SELL ON RISE

The NCDEX Guarseed Feb futures is slipped by -2.29% in the last trading to close at 4355 level till Wednesday closing. Moderate weakness persisted for Guar after the recent highs as profit booking at the higher levels amidst lower demand on the export front from falling crude oil prices kept pressure on market sentiments. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support.
GUARSEED (MARCH) TECHNICAL VIEW: 
TREND: BEARISH 
RESISTANCE 2: 4470 
RESISTANCE : 4410 
SUPPORT 1: 4320 
SUPPORT 2 : 4290 
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -1.37% in the last trading to close at 15875 level on Wednesday. Trend weakened for Jeera since last few weeks as expected rise in new crop arrivals amidst lack of strong demand kept trend down for the commodity. Short term fundamentals are not strong for now. Even as sowing is expected to be higher with shifting of other crop towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals. Exports from China have reportedly been on the rise. Demand from Gulf countries too has shifted to India as geopolitical tensions in Turkey and Syria adversely affected the production and the exports from there. India became major beneficiary.
JEERA (MARCH) TECHNICAL VIEW: 
TREND: BEARISH 
RESISTANCE 2: 16150 
RESISTANCE 1: 16000 
SUPPORT 1: 15770 
SUPPORT 2: 15670 
STRATEGY: SELL ON RISE



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Capitalstars Free agri commodity market news & levels - 14 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is slipped by -0.11% in the last trading to close at 7270 level till Tuesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric on NCDEX settled down by -0.62% at 7104 on profit booking after prices seen supported as new crop supplies have not picked up in various producing centres. The overall production in the major states has been estimated to be down by 25-30% which is limiting the downside. Turmeric prices are likely to rule easy in the coming as supplies for new crop would increase. Arrivals in Nizamabad stood at 20,000 and bulb variety was traded at Rs 6,000-6,500 per quintal while finger variety changed hands at Rs 6,500-7,400 a quintal. Turmeric output is seen lower because farmers planted on lower area due to weak prices. New crop supplies have started in the markets of Maharashtra, Tamil Nadu, Odisha, and Andhra Pradesh but in limited quantity. India's turmeric export during April-September remained flat 59,000 ton, showed Spices Board data.
TURMERIC (APR) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 7470
RESISTANCE 1: 7370
SUPPORT 1: 7200
SUPPORT 2: 7120
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Feb futures surged up by 0.74% in the last trading to close at 3818 level till Tuesday closing. Positive inputs from the 2018-19 Union Budget session shall keep soybean in near term but in short term, moderate decline is possible since fresh buying interest in physical market shall emerge only after a 50- 100 rupee fall, as per trade sources. Possibility of rise in delivery quantities against the February contract expiry will be another bearish factor. Overall view will be positive as per broad based fundamentals. March soybean is likely to find strong support between 3500-3550 in the current month. India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just few months, back, but as parity in exporting Indian soymeal has re-established and harvest season nears completion, any sharp fall is ruled out.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3950
RESISTANCE 1: 3880
SUPPORT 1 : 3780
SUPPORT 2: 3750
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Feb futures is slipped by -1.22% in the last trading to close at 4442 level till Tuesday closing. Rising crude oil prices, firmness in Dollar vs Re and pickup in exports at these lower levels—all these factors supported Guar prices. Moving forward, guarseed is likely to touch 5000 and find immediate strong resistance there, while guar gum breaks levels of 10000. Upward trend is expected in medium term also because of rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US. As per reports from APEDA, improved export demand of guar has been noted.
GUARSEED (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4560
RESISTANCE : 4500
SUPPORT 1: 4400
SUPPORT 2 : 4360
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -1.98% in the last trading to close at 16095 level on Tuesday. Jeera on NCDEX settled up by 0.78% at 16720 on short covering after prices dropped due to hopes of bumper output on the back of favourable weather conditions and higher sowing. Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago, according to data from Gujarat Agriculture Department. Jeera sowing in Rajasthan-the other producing state-is also stated to be higher. New jeera crop supplies have commenced in the markets of Gujarat and may pick up in the coming days putting pressure on prices. During April-September 2017, India's jeera exports jumped 16% to 79,460 ton as per data from Spices Board. According to farmer estimates, jeera production in Gujarat was estimated at around 2.75 lakh tonnes (approximately 50 lakh bags weighing 55 kg each) last year, which is likely to touch 4.12 lakh tonnes this year.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 16760
RESISTANCE 1: 16430
SUPPORT 1: 15930
SUPPORT 2: 15750
STRATEGY: BUY ON DIPS


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Sunday, 11 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 12 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,


The NCDEX Turmeric Apr futures is surged up by 0.46% in the last trading to close at 7278 level till Friday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric on NCDEX settled down by -0.62% at 7104 on profit booking after prices seen supported as new crop supplies have not picked up in various producing centres. The overall production in the major states has been estimated to be down by 25-30% which is limiting the downside. Turmeric prices are likely to rule easy in the coming as supplies for new crop would increase. Arrivals in Nizamabad stood at 20,000 and bulb variety was traded at Rs 6,000-6,500 per quintal while finger variety changed hands at Rs 6,500-7,400 a quintal. Turmeric output is seen lower because farmers planted on lower area due to weak prices. New crop supplies have started in the markets of Maharashtra, Tamil Nadu, Odisha, and Andhra Pradesh but in limited quantity. India's turmeric export during April-September remained flat 59,000 ton, showed Spices Board data.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 7370
RESISTANCE 1: 7320
SUPPORT 1: 7200
SUPPORT 2: 7130
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Feb futures surged up by 2.43% in the last trading to close at 3750 level till Friday closing. Positive inputs from the 2018-19 Union Budget session shall keep soybean in near term but in short term, moderate decline is possible since fresh buying interest in physical market shall emerge only after a 50- 100 rupee fall, as per trade sources. Possibility of rise in delivery quantities against the February contract expiry will be another bearish factor. Overall view will be positive as per broad based fundamentals. March soybean is likely to find strong support between 3500-3550 in the current month. India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just few months, back, but as parity in exporting Indian soymeal has re-established and harvest season nears completion, any sharp fall is ruled out.
SOYABEAN (FEB) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3850
RESISTANCE 1: 3800
SUPPORT 1 : 3680
SUPPORT 2: 3620
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Feb futures is surged up by 1.27% in the last trading to close at 4459 level till Friday closing. Rising crude oil prices, firmness in Dollar vs Re and pickup in exports at these lower levels—all these factors supported Guar prices. Moving forward, guarseed is likely to touch 5000 and find immediate strong resistance there, while guar gum breaks levels of 10000. Upward trend is expected in medium term also because of rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US. As per reports from APEDA, improved export demand of guar has been noted.
GUARSEED (FEB) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4560
RESISTANCE 1:4500
SUPPORT 1: 4390
SUPPORT 2 : 4320
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is surged up by 0.24% in the last trading to close at 16420 level on Friday. Jeera on NCDEX settled up by 0.78% at 16720 on short covering after prices dropped due to hopes of bumper output on the back of favourable weather conditions and higher sowing. Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago, according to data from Gujarat Agriculture Department. Jeera sowing in Rajasthan-the other producing state-is also stated to be higher. New jeera crop supplies have commenced in the markets of Gujarat and may pick up in the coming days putting pressure on prices. During April-September 2017, India's jeera exports jumped 16% to 79,460 ton as per data from Spices Board. According to farmer estimates, jeera production in Gujarat was estimated at around 2.75 lakh tonnes (approximately 50 lakh bags weighing 55 kg each) last year, which is likely to touch 4.12 lakh tonnes this year.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 16650
RESISTANCE 1: 16550
SUPPORT 1: 16300
SUPPORT 2: 16200
STRATEGY: BUY ON DIPS




Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Friday, 9 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & UPDATES - 09 FEB 2018

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The NCDEX Turmeric Apr futures is surged up by 3.09% in the last trading to close at 7332 level till Thursday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric on NCDEX settled down by -0.62% at 7104 on profit booking after prices seen supported as new crop supplies have not picked up in various producing centres. The overall production in the major states has been estimated to be down by 25-30% which is limiting the downside. Turmeric prices are likely to rule easy in the coming as supplies for new crop would increase. Arrivals in Nizamabad stood at 20,000 and bulb variety was traded at Rs 6,000-6,500 per quintal while finger variety changed hands at Rs 6,500-7,400 a quintal. Turmeric output is seen lower because farmers planted on lower area due to weak prices. New crop supplies have started in the markets of Maharashtra, Tamil Nadu, Odisha, and Andhra Pradesh but in limited quantity. India's turmeric export during April-September remained flat 59,000 ton, showed Spices Board data.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 7430
RESISTANCE 1: 7340
SUPPORT 1: 7200
SUPPORT 2: 7140
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Feb futures surged up by 3.09% in the last trading to close at 3634 level till Thursday closing. Positive inputs from the 2018-19 Union Budget session shall keep soybean in near term but in short term, moderate decline is possible since fresh buying interest in physical market shall emerge only after a 50- 100 rupee fall, as per trade sources. Possibility of rise in delivery quantities against the February contract expiry will be another bearish factor. Overall view will be positive as per broad based fundamentals. March soybean is likely to find strong support between 3500-3550 in the current month. India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just few months, back, but as parity in exporting Indian soymeal has re-established and harvest season nears completion, any sharp fall is ruled out.
SOYABEAN (FEB) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3730
RESISTANCE 1: 3700
SUPPORT 1 : 3620
SUPPORT 2: 3560
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Feb futures is surged up by 0.92% in the last trading to close at 4512 level till Thursday closing. Rising crude oil prices, firmness in Dollar vs Re and pickup in exports at these lower levels—all these factors supported Guar prices. Moving forward, guarseed is likely to touch 5000 and find immediate strong resistance there, while guar gum breaks levels of 10000. Upward trend is expected in medium term also because of rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US. As per reports from APEDA, improved export demand of guar has been noted.
GUARSEED (FEB) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4550
RESISTANCE 1: 4470
SUPPORT 1: 4350
SUPPORT 2 : 4300
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -0.33% in the last trading to close at 16720 level on Thursday. Jeera on NCDEX settled up by 0.78% at 16720 on short covering after prices dropped due to hopes of bumper output on the back of favourable weather conditions and higher sowing. Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago, according to data from Gujarat Agriculture Department. Jeera sowing in Rajasthan-the other producing state-is also stated to be higher. New jeera crop supplies have commenced in the markets of Gujarat and may pick up in the coming days putting pressure on prices. During April-September 2017, India's jeera exports jumped 16% to 79,460 ton as per data from Spices Board. According to farmer estimates, jeera production in Gujarat was estimated at around 2.75 lakh tonnes (approximately 50 lakh bags weighing 55 kg each) last year, which is likely to touch 4.12 lakh tonnes this year.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 16830
RESISTANCE 1: 16600
SUPPORT 1: 16250
SUPPORT 2: 16100
STRATEGY: BUY ON DIPS


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Wednesday, 7 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 08 FEB 2018

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The NCDEX Turmeric Apr futures is surged up by 3.09% in the last trading to close at 7332 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric on NCDEX settled down by -0.62% at 7104 on profit booking after prices seen supported as new crop supplies have not picked up in various producing centres. The overall production in the major states has been estimated to be down by 25-30% which is limiting the downside. Turmeric prices are likely to rule easy in the coming as supplies for new crop would increase. Arrivals in Nizamabad stood at 20,000 and bulb variety was traded at Rs 6,000-6,500 per quintal while finger variety changed hands at Rs 6,500-7,400 a quintal. Turmeric output is seen lower because farmers planted on lower area due to weak prices. New crop supplies have started in the markets of Maharashtra, Tamil Nadu, Odisha, and Andhra Pradesh but in limited quantity. India's turmeric export during April-September remained flat 59,000 ton, showed Spices Board data.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 7560
RESISTANCE 1: 7450
SUPPORT 1: 7160
SUPPORT 2: 7000
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Feb futures surged up by 3.09% in the last trading to close at 3634 level till Wednesday closing. Positive inputs from the 2018-19 Union Budget session shall keep soybean in near term but in short term, moderate decline is possible since fresh buying interest in physical market shall emerge only after a 50- 100 rupee fall, as per trade sources. Possibility of rise in delivery quantities against the February contract expiry will be another bearish factor. Overall view will be positive as per broad based fundamentals. March soybean is likely to find strong support between 3500-3550 in the current month. India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just few months, back, but as parity in exporting Indian soymeal has reestablished and harvest season nears completion, any sharp fall is ruled out.
SOYABEAN (FEB) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3730
RESISTANCE 1: 3680
SUPPORT 1 : 3570
SUPPORT 2: 3500
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Feb futures is surged up by 0.92% in the last trading to close at 4512 level till Wednesday closing. Rising crude oil prices, firmness in Dollar vs Re and pickup in exports at these lower levels—all these factors supported Guar prices. Moving forward, guarseed is likely to touch 5000 and find immediate strong resistance there, while guar gum breaks levels of 10000. Upward trend is expected in medium term also because of rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US. As per reports from APEDA, improved export demand of guar has been noted.
GUARSEED (FEB) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4560
RESISTANCE 1: 4530
SUPPORT 1: 4480
SUPPORT 2 :4440
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -0.33% in the last trading to close at 16720 level on Wednesday. Jeera on NCDEX settled up by 0.78% at 16720 on short covering after prices dropped due to hopes of bumper output on the back of favourable weather conditions and higher sowing. Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago, according to data from Gujarat Agriculture Department. Jeera sowing in Rajasthan-the other producing state-is also stated to be higher. New jeera crop supplies have commenced in the markets of Gujarat and may pick up in the coming days putting pressure on prices. During April-September 2017, India's jeera exports jumped 16% to 79,460 ton as per data from Spices Board. According to farmer estimates, jeera production in Gujarat was estimated at around 2.75 lakh tonnes (approximately 50 lakh bags weighing 55 kg each) last year, which is likely to touch 4.12 lakh tonnes this year.
JEERA (MARCH) TECHNICAL VIEW:
TREND: CONSOLIDATE
RESISTANCE 2: 17080
RESISTANCE 1: 16900
SUPPORT 1: 16620
SUPPORT 2: 16520
STRATEGY: BUY ON DIPS 


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Sunday, 14 January 2018

FREE AGRI COMMODITY MARKET NEWS & LEVELS - 15 JAN 2018

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The NCDEX Turmeric Apr futures is surged up by 0.63% in the last trading to close at 7620 level till Friday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric kept trading weak owing to lack of strong export demand in the mandis as prices faced strong Resistance near the 8000 mark. Reports of lower sowing prospects can support turmeric prices in coming sessions. Reports from Erode indicate a drastic fall in sowing in those regions due to a drought like situation this year. As per trader estimates, the production this year is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra.
TURMERIC (APR) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 7770
RESISTANCE 1: 7700
SUPPORT 1: 7570
SUPPORT 2: 7520
STRATEGY: SELL ON RISE

The NCDEX Soyabean Jan futures slipped by -0.59% in the last trading to close at 3213 level till Friday closing. Soybean ended the session with moderate gains. With the recent hike in import duty, any fall will be short lived now. Currently prices are low enough to encourage buying from the solvent plants. The arrivals pace shall be dropping in coming weeks in the US and India. Therefore with prices still perceived cheaper, buyers will be showing interest in stocking soybean from physical markets at every moderate price fall. NCDEX February soybean in this week might trade between 3120- 3220 levels. Tone remains positive in soybean due to the recent hike in import duty of edible oils and soybean. As stated in the latest USDA report, inventories or end stocks of US soybean might total 445 million bushels at the end of the marketing year, above last month’s forecast for 425 million bushels. The USDA also lowered its outlook for soybean exports by 25 million bushels due to weak demand so far this year.
SOYABEAN (JAN) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3240
RESISTANCE 1: 3225
SUPPORT 1 : 3200
SUPPORT 2: 3190
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Jan futures is surged up by 0.16% in the last trading to close at 4300 level till Friday closing. Guar prices found some immediate support at these lower levels as traders anticipate the exports to pick up from next week onwards. Trading activities remained low in mandis. In near tem, strong spot/ export demand and improving bullish outlook in Crude oil will be the key bullish drivers. Upward trend is expected in medium term also because of rising export demand and concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support.
GUARSEED (JAN) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 4370
RESISTANCE 1: 4330
SUPPORT 1: 4270
SUPPORT 2 : 4240
STRATEGY: BUY ON DIPS

The NCDEX Jeera Jan futures surged up by 2.00% in the last trading to close at 21455 level on Friday. Slight weak sentiments prevailed for Jeera as closure of many International mandis kept trading activities on the lower side. Traders anticipate however the export demand to start rising from next week onwards. In coming sessions any adverse weather conditions in Gujarat/ Rajasthan may cause prices to recover from these levels. Rains are beneficial for the crop growth. A cooler weather would also be beneficial for the crop. Even as sowing is expected to be on the higher side with shifting of other crop towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals.
JEERA (JAN) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 21700
RESISTANCE 1: 21580
SUPPORT 1: 21200
SUPPORT 2: 20950
STRATEGY: SELL ON RISE


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & UPDATES - 15 JAN 2018

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Menthaoil
Menthaoil on MCX settled down -0.76% at 1657.4 on profit booking amid easing demand in the spot market. Besides, ample stocks on higher supplies from major producing belts of Chandausi in Uttar Pradesh too influenced mentha oil prices. As per the sources domestic demand has slightly improved from the major domestic consuming industries.
Stock positions of mentha in MCX accredited warehouses were around 6102 drums which is 96 drums less in comparison to previous day, while in process were 24 drums which is same against the previous day. According to the sources, there has been decline in demand of mentha from local consuming industries as well as stockiest which is creating pressure to the mentha prices.
Also in recent days arrivals has increased which is limiting the upside movement of the prices. As per sources, India contributes around 80% to the total global mentha oil production. Total global production stood at around 48,000 tonnes, out of which India produces between 30,000-40,000 tonnes. According to estimates, mentha oil production in India for crop year 2016-17 will be around 38,000 tonnes. As per the data, the global demand of essential oil will increase in the coming years.
Technically market is under long liquidation as market has witnessed drop in open interest by -1.89% to settled at 1665 while prices down -12.7 rupees, now Menthaoil is getting support at 1633.6 and below same could see a test of 1609.8 level, And resistance is now likely to be seen at 1675.6, a move above could see prices testing 1693.8.
Soyabean   
Soyabean on NCDEX settled down -0.89% at 3238 on profit booking tracking weakness in spot demand after prices seen support amid supplies have been diminishing slowly in the physical market. Prices also seen under pressure from expectations that the US Department of Agriculture will later report bigger US stockpiles, pushing the oilseed to its biggest weekly fall in a month.
However, some losses were capped on the reports that the inventories are lower compared to last year and supplies have been diminishing slowly in the physical market. Brazilian soybean production in the 2017/18 crop cycle is expected to reach 114 million tonnes, consultancy AgRural said, citing an increase in planted area.
In a December forecast, AgRural had said production would reach 112.9 million tonnes. Last season, Brazil produced a record high 114.1 million tonnes. Chinese imports of soybeans jumped to the second-highest volume on record in December, according to data, boosted by strong demand in the run-up to next month's Lunar New Year holiday.
December imports by the world's top soy buyer came in at 9.55 million tonnes, up 10 percent from the month before and up 6 percent from December, 2016, according to calculations based on annual data released by the General Administration of Customs.
Ref soyoil
Ref soyoil ended with losses due to higher stocks in the country and sufficient stocks in the pipeline amid improved domestic crushing and higher imports. India's vegoil imports in December fell 10 percent to 1.1 million tonnes from a year ago, a trade body said. The country's imports of palm oil in December stood at 722,857 tonnes, while soyoil imports were 79,250 tonnes, the Solvent Extractors' Association of India said in a statement.
Moreover, government has slashed the base import price of all edible oils. For soy soil the base import prices were cut by $19 per ton to $813 for the first fortnight of Jan 2018. The government revises base import prices every fortnight based on global prices and changes in foreign exchange rate. Prices were last revised on Dec 30.
According to data released by the Solvent Extractors' Association (SEA), India vegetable oil imports rose around 6% on year to 12.5 lakh tonnes in November. Soyoil imports surged by 66.7% in November to 2.74 lt compared to 1.64 lt last year. India's oilmeal exports dropped by 22% compared to same period a year ago on higher prices amid lower number of export dates, provisional data released by Solvent Extractors Association of India (SEA) showed. India's total oilmeal exports during December provisionally reported at 236,000 tons compared to 301,556 tons in the same period a year ago.
Technically market is under long liquidation as market has witnessed drop in open interest by -3.26% to settled at 34130 while prices down -0.65 rupees, now Ref.Soya oil is getting support at 738 and below same could see a test of 736 level, And resistance is now likely to be seen at 742, a move above could see prices testing 744.          
Turmeric         
Turmeric on NCDEX settled up 0.87% at 7638 tracking firmness in spot demand owing to lower stocks in the market. The supplies from the new season turmeric have been lower during first 10 days of Jan at 4,118 tonnes compared to 5,527 tonnes last year, as per data. The export of turmeric is down by 17% to 63,395 tonnes for the first 7 month of FY 2017/18 compared to last years’ exports.
New crop would commence by the end of month and expectations of selling by the AP Markfed. AP Markfed had purchased nearly 48,500 ton turmeric under market intervention scheme. Standing turmeric crop is mostly in its vegetative to development stage across major growing states. As per preliminary estimates, output in the season is expected to decline slightly due to lower sowing.
Arrivals of new crop generally start in December and picks up in January-February. Spot turmeric prices decreased at Erode markets due to slack demand from upcountry buyers. Around 5,000 bags arrived for sale and the buyers purchased all the 600 bags of good quality turmeric and purchased 2,500 and odd bags of medium quality.
The best quality finger variety went for Rs8,400 a quintal in all the markets and the root variety at Rs7,800. At the Erode Turmeric Merchants Association, the finger turmeric fetched Rs5,555-8,539 a quintal; root variety Rs5,209-7,803. Of the arrival of 3,574 bags, 1,339 were traded.
Technically market is under fresh buying as market has witnessed gain in open interest by 1.86% to settled at 10120 while prices up 66 rupees, now Turmeric is getting support at 7585 and below same could see a test of 7531 level, And resistance is now likely to be seen at 7707, a move above could see prices testing 7775.      
 Jeera  
Jeera prices traded in range amid reports of scattered new crop supplies in the markets of Gujarat and weak demand. Few bags of new crop jeera have been started arriving in Unjha market of Gujarat. Pressure also seen on prices amid lower demand in local mandis in anticipation oversupply woes following increased acreages.
Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago. Sowing in Rajasthan, the other jeera sowing state, also spurted to 70,765 hectare until Jan 1 from 38,000 hectare a year ago. There is an expectation that jeera production may be higher in coming season on reports of higher acreage of cumin in the current season. In Gujarat, Jeera acreage is up by 38% to 3.83 lakh hectares as on 9-Jan-18. Last year, it was 2.88 lakh ha at that same time.
Jeera arrivals during first 10 days of Jan 18 Dec were down to 879.5 tonnes on year compared to 3,944 tonnes due to tight supplies and lower stocks with the stockists. Moreover, good progress of jeera sowing in Gujarat pressurizes prices.
As per government data, Jeera exports during first seven month of FY 2017/18 (Apr-Sep) is 88,229 tonnes, up 11% compared to last year exports volume for the same period. India's jeera exports in October increase by 37% on year to 10,402 tn.
Technically market is under fresh selling as market has witnessed gain in open interest by 2.13% to settled at 8496 while prices down -25 rupees, now Jeera is getting support at 16818 and below same could see a test of 16747 level, And resistance is now likely to be seen at 16953, a move above could see prices testing 17017.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647