Showing posts with label MCX Crude palm oil tips. Show all posts
Showing posts with label MCX Crude palm oil tips. Show all posts

Thursday, 22 September 2016

MCX Crude Palm Oil likely to move 582-595.4 levels

MCX crude palm oil, MCX Crude palm oil tips, agri commdity tips, Agri commodity calls,

Crude palm Oil on MCX settled up by 0.32% at 590.2 tracking firmness in spot demand despite of weak export data from Malaysia. Palm oil prices were up after stockpiles of the second largest crude oil producer slipped 17.29% to 1.46 million tons in August end compared to 1.770 million tons a month ago, MPBO data showed. Crude palm oil stocks declined 25.78 per cent to 757,405 tonnes in August from 1.02 million tonnes at end-July. The MPOB said processed palm oil stocks dropped 5.73 per cent to 707,086 tonnes in August versus 750,096 tonnes in July.

Technically market is under fresh buying as market has witnessed gain in open interest by 2.82% to settled at 5076 while prices up 1.9 rupee, now CPO is getting support at 586.1 and below same could see a test of 582 level, And resistance is now likely to be seen at 592.8, a move above could see prices testing 595.4.

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Monday, 13 June 2016

AGRI COMMODITY MARKET TIPS & REPORT - 13 JUN 2016

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Turmeric July futures traded on a slipped on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -1.60% to 8020 level at NCDEX. Turmeric futures traded lower on NCDEX on anticipation of good sowing in next season on forecast of good rains. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices.
TURMERIC (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8190, 
RESISTANCE 1: 8100, 
SUPPORT 1: 7970, 
SUPPORT 2: 7920. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean July futures slipped by -0.08% in the last trading to close at 3900 level till Friday closing. The Soyabean futures edged lower on NCDEX as speculators trimmed their positions on lackluster domestic demand and bearish cues from the international markets. However, some losses were capped by lower supply in domestic market as farmers are set to reduce the area given over to soybean by 10% this year.
SOYABEAN (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3940, 
RESISTANCE 1:3920, 
SUPPORT 1: 3870, 
SUPPORT 2: 3850. 
STRATEGY: SELL ON RISE

Chana futures traded on a Positive note increased demand on Friday (5.00PM). Chana July l contract gained 1.71% to 6912 levels. Chana futures edged marginally lower on NCDEX as participants booked profits at prevailing levels amid easing demand against ample stocks position in the spot market. Further, reports of government to relax VAT and other taxes too weighed on chana prices.
CHANA (JULY) TECHNICAL VIEW:
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7170, 
RESISTANCE 1:7040, 
SUPPORT 1: 6800, 
SUPPORT 2: 6670. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya July futures Slipped by -1.53% in the last trading to close at 6800 level on Friday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend. 
DHANIYA (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 6970, 
RESISTANCE 1: 6880, 
SUPPORT 1: 6750, 
SUPPORT 2: 6720. 
STRATEGY: SELL ON RISE
               
  

Thursday, 9 June 2016

AGRI COMMODITY MARKET TIPS & REPORT - 10 JUNE 2016

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Turmeric July futures traded on a slipped on Thursday (5.00pm) at 
India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.85% to 8120 level at NCDEX. Turmeric futures traded lower on NCDEX on anticipation of good sowing in next season on forecast of good rains. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices.
TURMERIC (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 8280, 
RESISTANCE 1: 8200, 
SUPPORT 1: 8070, 
SUPPORT 2: 8020. 
STRATEGY: BUY ON DIPS

The NCDEX Soya bean July futures surged up by 0.08% in the last trading to close at 3895 level till Thursday closing. The Soyabean futures edged lower on NCDEX as speculators trimmed their positions on lackluster domestic demand and bearish cues from the international markets. However, some losses were capped by lower supply in domestic market as farmers are set to reduce the area given over to soybean by 10% this year. 
SOYABEAN (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3960, 
RESISTANCE 1:3930, 
SUPPORT 1: 3880, 
SUPPORT 2: 3860. 
STRATEGY: SELL ON RISE

Chana futures traded on a Positive note increased demand on Thursday (5.00PM). Chana July l contract gained 4.00% to 6798 levels. Chana futures edged marginally lower on NCDEX as participants booked profits at prevailing levels amid easing demand against ample stocks position in the spot market. Further, reports of government to relax VAT and other taxes too weighed on chana prices. 
CHANA (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7000, 
RESISTANCE 1:6900, 
SUPPORT 1: 6600, 
SUPPORT 2: 6400. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya July futures Slipped by -0% in the last trading to close at 6949 level on Thursday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend.
DHANIYA (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 7040, 
RESISTANCE 1: 6960, 
SUPPORT 1: 6835, 
SUPPORT 2: 6790. 
STRATEGY: SELL ON RISE 
                                

   

Wednesday, 8 June 2016

AGRI COMMODITY MARKET TIPS & REPORT - 09 JUNE 2016

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Turmeric July futures traded on a slipped on Wednesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.78% to 8320 level at NCDEX. Turmeric futures traded lower on NCDEX on anticipation of good sowing in next season on forecast of good rains. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices.
TURMERIC (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 8320, 
RESISTANCE 1: 8230, 
SUPPORT 1: 8100, 
SUPPORT 2: 8060. 
STRATEGY: BUY ON DIPS

The NCDEX Soya bean July futures surged up by 0.36% in the last trading to close at 3894 level till Wednesday closing. The Soyabean futures edged lower on NCDEX as speculators trimmed their positions on lackluster domestic demand and bearish cues from the international markets. However, some losses were capped by lower supply in domestic market as farmers are set to reduce the area given over to soybean by 10% this year.
SOYABEAN (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3950, 
RESISTANCE 1:3920, 
SUPPORT 1: 3870, 
SUPPORT 2: 3840. 
STRATEGY: SELL ON RISE

Chana futures traded on a Negative note decreased demand on Wednesday (5.00PM). Chana July l contract lost -0.67% to 6540 levels. Chana futures edged marginally lower on NCDEX as participants booked profits at prevailing levels amid easing demand against ample stocks position in the spot market. Further, reports of government to relax VAT and other taxes too weighed on chana prices. 
CHANA (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 6740, 
RESISTANCE 1:6660, 
SUPPORT 1: 6490, 
SUPPORT 2: 6390. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya July futures Slipped by -0.36% in the last trading to close at 6949 level on Wednesday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend.
DHANIYA (JULY) TECHNICAL VIEW: 
TREND: CONSOLIDATE 
RESISTANCE 2: 7070, 
RESISTANCE 1: 7010, 
SUPPORT 1: 6870, 
SUPPORT 2: 6800. 
STRATEGY: BUY ON DIPS
  
                             

  

AGRI COMMODITY MARKET TIPS & REPORT - 08 JUNE 2016

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CS TURMERIC   ( JULY ) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:8350
RESIST 1:8270          
SUP1:8080
SUP2:7970
STRATEGY: BUY ON DIPS

CS SOYABEAN (  JULY  ) OVERVIEW:
TREND   MIXED TO  BEARISH
RESIST 2:3920
RESIST 1:3890
SUP1:3850
SUP2:3820
STRATEGY: SELL ON RISE

CS CHANA  (  JULY  ) OVERVIEW:                          
TREND  MIXED TO  BULLISH
RESIST 2:6750
RESIST 1:6660
SUP1:6490
SUP2:6400
STRATEGY:  BUY ON DIPS

CS DHANIYA (  JULY  ) OVERVIEW:
TREND CONSOLIDATE
RESIST 2:7175
RESIST 1: 7110              
SUP1:6990
SUP2:6940   
STRATEGY:   SELL ON RISE
                       

  


Tuesday, 7 June 2016

Ref Soya Oil likely to trade 657-665 range, support at 659

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Ref.Soyaoil on NCDEX settled flat taking cues from edible oil complexes on robust demand in domestic market ahead of festive season and on supply worries from world's biggest supply of oil. India's soyoil imports rallied 86.35% to 348,195 tons in April compared to 186,849 tons for the same period a year ago, data release from the Solvent Extractors Association (SEA) of India showed.

Soy oil again registered robust imports of 3.48 lakh tons in April compared to 1.89 lakh tons of imports in April 2015, higher by 84 percent y-o-y. At the Indore spot market in Madhya Pradesh, soyoil was steady at 640 rupees per 10 kgs. Technically now Ref.Soya oil is getting support at 659 and below same could see a test of 657 level, and resistance is now likely to be seen at 663, a move above could see prices testing 665.


                        


Monday, 6 June 2016

AGRI COMMODITY MARKET TIPS & REPORT - 06 JUNE 2016

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Turmeric July futures traded on a surged up on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 0.53% to 7948 level at NCDEX. Turmeric futures traded lower on NCDEX on anticipation of good sowing in next season on forecast of good rains. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices.
TURMERIC (JULY) TECHNICAL VIEW: 
TREND: CONSOLIDATE 
RESISTANCE 2: 8000, 
RESISTANCE 1: 7970, 
SUPPORT 1: 7900, 
SUPPORT 2: 7850. 
STRATEGY: BUY ON DIPS

The NCDEX Soya bean July futures surged up by 1.37% in the last trading to close at 3928 level till Friday closing. The Soyabean futures edged lower on NCDEX as speculators trimmed their positions on lackluster domestic demand and bearish cues from the international markets. However, some losses were capped by lower supply in domestic market as farmers are set to reduce the area given over to soybean by 10% this year. 
SOYABEAN (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3980, 
RESISTANCE 1:3950, 
SUPPORT 1: 3900, 
SUPPORT 2: 3870. 
STRATEGY: SELL ON RISE

Chana futures traded on a Positive note increased demand on Friday (5.00PM). Chana July l contract gained 4.00% to 6306 levels. Chana futures edged marginally lower on NCDEX as participants booked profits at prevailing levels amid easing demand against ample stocks position in the spot market. Further, reports of government to relax VAT and other taxes too weighed on chana prices.
CHANA (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 6450, 
RESISTANCE 1:6375, 
SUPPORT 1: 6170, 
SUPPORT 2: 6030. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya July futures Surged up by 0.80% in the last trading to close at 6948 level on Friday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend.
DHANIYA (JULY) TECHNICAL VIEW: 
TREND: CONSOLIDATE 
RESISTANCE 2: 7080, 
RESISTANCE 1: 7020, 
SUPPORT 1: 6860, 
SUPPORT 2: 6780. 
STRATEGY: SELL ON RISE 
                          
  

Friday, 3 June 2016

AGRI COMMODITY MARKET TREND & STRATEGIES - 03 JUNE 2016


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CS TURMERIC ( JUNE ) OVERVIEW:
TREND  MIXED TO  BEARISH
RESIST 2:8030
RESIST 1:7960          
SUP1:7820
SUP2:7740
STRATEGY: SELL ON RISE

CS SOYABEAN ( JUNE ) OVERVIEW:
TREND   MIXED TO  BEARISH
RESIST 2:3990
RESIST 1:3860
SUP1:3810
SUP2:3790
STRATEGY: SELL ON RISE

CS CHANA  ( JUNE ) OVERVIEW:                          
TREND  MIXED TO  BEARISH
RESIST 2:6050
RESIST 1:6020
SUP1:5950
SUP2:5890
STRATEGY:  SELL ON RISE

CS DHANIYA ( JUNE ) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:6980
RESIST 1: 6925              
SUP1:6780
SUP2:6700   
STRATEGY: SELL ON RISE


                           

Thursday, 2 June 2016

AGRI COMMODITY MARKET TIPS & REPORT - 02 JUNE 2016

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Turmeric June futures traded on a slipped on Wednesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -1.53% to 7842 level at NCDEX. Turmeric futures traded lower on NCDEX on anticipation of good sowing in next season on forecast of good rains. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices.
TURMERIC (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8010, 
RESISTANCE 1: 7930, 
SUPPORT 1: 7780, 
SUPPORT 2: 7720. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean June futures slipped by -0.13% in the last trading to close at 3830 level till Wednesday closing. The Soyabean futures edged lower on NCDEX as speculators trimmed their positions on lackluster domestic demand and bearish cues from the international markets. However, some losses were capped by lower supply in domestic market as farmers are set to reduce the area given over to soybean by 10% this year.
SOYABEAN (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3880, 
RESISTANCE 1:3850, 
SUPPORT 1: 3810, 
SUPPORT 2: 3795. 
STRATEGY: SELL ON RISE

Chana futures traded on a Negative note decreased demand on Wednesday (5.00PM). Chana June l contract lost -1.84 % to 5924 levels. Chana futures edged marginally lower on NCDEX as participants booked profits at prevailing levels amid easing demand against ample stocks position in the spot market. Further, reports of government to relax VAT and other taxes too weighed on chana prices. 
CHANA (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 6100, 
RESISTANCE 1:6000, 
SUPPORT 1: 5880, 
SUPPORT 2: 5830. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya June futures Slipped by -0.53% in the last trading to close at 6800 level on Wednesday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend. 
DHANIYA (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 6890, 
RESISTANCE 1: 6850, 
SUPPORT 1: 6770, 
SUPPORT 2: 6750. 
STRATEGY: SELL ON RISE  
                           

Tuesday, 31 May 2016

AGRI COMMODITY MARKET TREND & STRATEGIES - 01 JUNE 2016

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CS TURMERIC   ( JUNE ) OVERVIEW:
TREND  MIXED TO  BEARISH
RESIST 2:8020
RESIST 1:8000          
SUP1:7930
SUP2:7890
STRATEGY: SELL ON RISE

CS SOYABEAN ( JUNE ) OVERVIEW:
TREND   MIXED TO  BEARISH
RESIST 2:3910
RESIST 1:3870
SUP1:3800
SUP2:3785
STRATEGY: SELL ON RISE

CS CHANA  ( JUNE ) OVERVIEW:                          
TREND  MIXED TO  BEARISH
RESIST 2:6100
RESIST 1:6060
SUP1:5995
SUP2:5970
STRATEGY:  SELL ON RISE

CS DHANIYA ( JUNE ) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:6930
RESIST 1: 6890              
SUP1:6780
SUP2:6710   
STRATEGY:   SELL ON RISE


                          


AGRI COMMODITY MARKET TIPS & REPORT - 31 MAY 2016

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Turmeric June futures traded on a slipped on Monday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.70% to 7950 level at NCDEX. Turmeric futures traded lower on NCDEX on anticipation of good sowing in next season on forecast of good rains. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices.
TURMERIC (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8130, 
RESISTANCE 1: 8040, 
SUPPORT 1: 7880, 
SUPPORT 2: 7800. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean June futures slipped by -1.75% in the last trading to close at 3871 level till Monday closing. The Soyabean futures edged lower on NCDEX as speculators trimmed their positions on lackluster domestic demand and bearish cues from the international markets. However, some losses were capped by lower supply in domestic market as farmers are set to reduce the area given over to soybean by 10% this year.
SOYABEAN (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:4000, 
RESISTANCE 1:3936, 
SUPPORT 1: 3830, 
SUPPORT 2: 3785. 
STRATEGY: SELL ON RISE

Chana futures traded on a Negative note decreased demand on Monday (5.00PM). Chana June l contract lost -0.64 % to 6056 levels. Chana futures edged marginally lower on NCDEX as participants booked profits at prevailing levels amid easing demand against ample stocks position in the spot market. Further, reports of government to relax VAT and other taxes too weighed on chana prices.
CHANA (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 6140, 
RESISTANCE 1:6100, 
SUPPORT 1: 6020, 
SUPPORT 2: 5980. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya June futures Slipped by -0.48% in the last trading to close at 6868 level on Monday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend. 
DHANIYA (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 6975, 
RESISTANCE 1: 6920, 
SUPPORT 1: 6800, 
SUPPORT 2: 6750. 
STRATEGY: SELL ON RISE 


                       


Sunday, 29 May 2016

AGRI COMMODITY MARKET TIPS & REPORT - 30 MAY 2016

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Turmeric June futures traded on a slipped on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -1.06% to 8016 level at NCDEX. Turmeric futures traded lower on NCDEX on anticipation of good sowing in next season on forecast of good rains. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices. 
TURMERIC (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8180, 
RESISTANCE 1: 8090, 
SUPPORT 1: 7930, 
SUPPORT 2: 7850. 
STRATEGY: SELL ON RISE 

The NCDEX Soya bean June futures slipped by -0.33% in the last trading to close at 3937 level till Friday closing. The Soyabean futures edged lower on NCDEX as speculators trimmed their positions due to lower crushing demand by oil mills and forecast of good monsoon. Further, lower exports of soymeal too added pressure on commodity prices. 
SOYABEAN (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3990,
RESISTANCE 1:3965, 
SUPPORT 1: 3900, 
SUPPORT 2: 3860. 
STRATEGY: SELL ON RISE

Chana futures traded on a Positive note increased demand on Friday (5.00PM). Chana June l contract gained 0.25 % to 6101 levels. Chana futures edged marginally lower on NCDEX as participants booked profits at prevailing levels amid easing demand against ample stocks position in the spot market. Further, reports of government to relax VAT and other taxes too weighed on chana prices. 
CHANA (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 6215, 
RESISTANCE 1:6160 
SUPPORT 1: 6050, 
SUPPORT 2: 6000. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya June futures Surged up by 0.19% in the last trading to close at 6875 level on Friday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend. 
DHANIYA (JUNE) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 6970, 
RESISTANCE 1: 6920, 
SUPPORT 1: 6820, 
SUPPORT 2: 6760. 
STRATEGY: SELL ON RISE