Showing posts with label MCX Tips Services. Show all posts
Showing posts with label MCX Tips Services. Show all posts

Saturday, 31 March 2018

Govt disposes of around 700,000 tonnes of pulses so far from a buffer stock

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The Centre has disposed of around 7 lakh tonne of pulses so far from a buffer stock of 20.50 lakh tonne, according to a senior food ministry official.
The government, for the first time, in October 2015 decided to create a buffer stock of pulses through imports and later by domestic procurement to ensure better prices to farmers and to use the stock to augment local supply in times of price rise.
"Around 7 lakh tonne of pulses including tur has been sold so far. The efforts are made in order to clear the old stock and create space for new crop," the official told PTI.
The government is disposing of stocks through e-auction to private traders, army and paramilitary forces as well as states besides for central welfare schemes like mid-day meal.
Pulses such as tur, urad, moong, masur and chana were mostly procured over last one year by three agencies cooperative Nafed, state-run Food Corporation of India and Small Farmers Agribusiness Consortium (SFAC).
The country is expected to produce a record 23.95 million tonne in the current 2017-18 crop year (July-June), as against 23.13 million tonne last year mainly because of good rains and higher support prices.


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, 30 March 2018

CAPITALSTARS - India to export 65-70 lakh bales of cotton in 2017-18

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India will export 65-70 lakh bales of cotton in the ongoing cotton season 2017-18 (October-September) amid aggressive demands from neighbouring countries like Bangladesh, Pakistan and China, said an official on Thursday.
Atul Ganatra, President, Cotton Association of India (CAI), said that apart from the neighbouring countries, India has also been receiving demands for cotton from several other countries, including Vietnam, Indonesia and Turkey.
According to the CAI, India had exported 63 lakh bales of cotton last year. Each bale has nearly 170 kg of cotton.
India has already shipped nearly 53-55 lakh bales in the current season and contracts have been signed for another 8-10 lakh bales scheduled for shipment in April-May.
As per the United States Department of Agriculture (USDA) figures, India is the largest producer of cotton in the world with 365 lakh bales this year, followed by China (353 lakh bales), the U.S. (273 lakh bales), Pakistan (105 lakh bales) and Brazil (103 lakh bales).
The five largest exporters of cotton are the U.S. (186 lakh bales), Australia (56 lakh bales), Brazil (54 lakh bales), India (54 lakh bales) and Uzbekistan (15 lakh bales).
As per the US agency, five major consumers of cotton are China (513 lakh bales), India (314 lakh bales), Pakistan (134 lakh bales), Bangladesh, (92 lakh bales) and Turkey (90 lakh bales).
The five major importers are Bangladesh (93 lakh bales), China (64 lakh bales), Vietnam (54 lakh bales), Indonesia (45 lakh bales) and Turkey (45 lakh bales).

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 

Saturday, 17 March 2018

Sugar bears come out to play as India, Thailand post record harvests

Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, MCX Tips Services, Sugar tips

The investors are holding the biggest net-short position, or bets on declining prices, in six weeks 

There’s about to be enough sugar piled up in warehouses to make three chocolate cakes for every person in the world, and that’s got the market spooked.Supplies are booming thanks to the outlook for record harvests in India and Thailand, the world’s No. 2 exporter. The glut has already sent futures in New York to the lowest since September 2015, and hedge funds are gearing up for more losses. The investors are holding the biggest net-short position, or bets on declining prices, in six weeks.Citigroup Inc. expects a global surplus of 11.1 million metric tons this season, Aakash Doshi, a New York-based analyst, said in a March 13 report. The bank raised its outlook about 2.8 per cent from a February projection, citing gains in Asian production. The excess would be big enough to almost satisfy a full year’s worth of demand in the US, government data show.
Raw-sugar futures in New York are down 17 per cent this year to 12.65 cents a pound.
That’s the biggest loss among the 22 components of the Bloomberg Commodity Index.Funds are positioning for more losses. In the week ended March 13, money managers increased net-bearish holdings by 33 per cent to 141,659 futures and options, Commodity Futures Trading Commission data showed Friday. The figure measures the difference between bets on a price decline and wagers on a 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, 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

Thursday, 11 January 2018

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

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The NCDEX Turmeric Apr futures is surged up by 0.66% in the last trading to close at 7580 level till Thursday 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: BEARISH
RESISTANCE 2: 7680
RESISTANCE 1: 7630
SUPPORT 1: 7510
SUPPORT 2: 7450
STRATEGY: SELL ON RISE

The NCDEX Soyabean Jan futures slipped by -0.34% in the last trading to close at 3235 level till Thursday 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: 3560
RESISTANCE 1: 3240
SUPPORT 1 : 3220
SUPPORT 2: 3210
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Jan futures is slipped by -1.83% in the last trading to close at 4292 level till Thursday 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: 4470
RESISTANCE 1: 4380
SUPPORT 1: 4230
SUPPORT 2 : 4150
STRATEGY: BUY ON DIPS

The NCDEX Jeera Jan futures slipped by -0.09% in the last trading to close at 21050 level on Thursday. 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: BEARISH
RESISTANCE 2: 21300
RESISTANCE 1: 21180
SUPPORT 1: 20900
SUPPORT 2: 20800
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, 10 January 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 11 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, MCX Tips Services, mentha oil tips, Pulses,
The NCDEX Turmeric Apr futures is surged up by 0.56% in the last trading to close at 7550 level till Wednesday 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: BEARISH
RESISTANCE 2: 7660
RESISTANCE 1: 7600
SUPPORT 1: 7430
SUPPORT 2: 7320
STRATEGY: SELL ON RISE

The NCDEX Soyabean Jan futures surged up by 1.15% in the last trading to close at 3241 level till Wednesday 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: 3300
RESISTANCE 1: 3270
SUPPORT 1 : 3200
SUPPORT 2: 3170
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Jan futures is surged up by 1.76% in the last trading to close at 4370 level till Wednesday 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: 4450
RESISTANCE 1: 4400
SUPPORT 1: 4320
SUPPORT 2 : 4260
STRATEGY: BUY ON DIPS

The NCDEX Jeera Jan futures slipped by -0.78% in the last trading to close at 21050 level on Wednesday. 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: BEARISH
RESISTANCE 2: 21760
RESISTANCE 1: 21400
SUPPORT 1: 20830
SUPPORT 2: 20600
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 - 10 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, MCX Tips Services, mentha oil tips, Pulses,

The NCDEX Turmeric Apr futures is slipped by -1.55% in the last trading to close at 7492 level till Tuesday 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: BEARISH 
RESISTANCE 2: 7760
RESISTANCE 1: 7720 
SUPPORT 1: 7420
SUPPORT 2: 7350 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Jan futures slipped by by -0.40% in the last trading to close at 3202 level till Tuesday 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: 3220 
SUPPORT 1 : 3185
SUPPORT 2: 3170 
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Jan futures is slipped by by -0.66% in the last trading to close at 4282 level till Tuesday 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: 4350
RESISTANCE 1: 4320 
SUPPORT 1: 4260
SUPPORT 2 : 4240 
STRATEGY: BUY ON DIPS

The NCDEX Jeera Jan futures surged up by 1.28% in the last trading to close at 21285 level on Tuesday. 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: BEARISH 
RESISTANCE 2: 21500
RESISTANCE 1: 21400 
SUPPORT 1: 21080
SUPPORT 2: 20860 
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, 8 January 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 09 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, MCX Tips Services, mentha oil tips, Pulses,
The NCDEX Turmeric Apr futures is surged up by 0.93% in the last trading to close at 7610 level till Monday 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: BEARISH 
RESISTANCE 2: 7910
RESISTANCE 1: 7760 
SUPPORT 1: 7470
SUPPORT 2: 7340 
STRATEGY: SELL ON RISE

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: 3260
RESISTANCE 1: 3240 
SUPPORT 1 : 3180
SUPPORT 2: 3150 
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Jan futures is surged up by 1.17% in the last trading to close at 4310 level till Monday 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: 4410
RESISTANCE 1: 4360 
SUPPORT 1: 4250
SUPPORT 2 : 4190 
STRATEGY: BUY ON DIPS

The NCDEX Jeera Jan futures slipped by -0.07% in the last trading to close at 21000 level on Monday. 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: BEARISH 
RESISTANCE 2: 21250
RESISTANCE 1: 21120 
SUPPORT 1: 20830
SUPPORT 2: 20650 
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 - 08 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, MCX Tips Services, mentha oil tips, Pulses,
The NCDEX Turmeric Apr futures is flat by 0.00% in the last trading to close at 7550 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: BEARISH  
RESISTANCE 2: 7660
RESISTANCE 1: 7600 
SUPPORT 1: 7470
SUPPORT 2: 7400 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Jan futures surged up by 1.18% in the last trading to close at 3166 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: 3190
RESISTANCE 1: 3170 
SUPPORT 1 : 3140
SUPPORT 2: 3120 
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Jan futures is surged up by 1.59% in the last trading to close at 4254 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: 4360
RESISTANCE 1: 4300 
SUPPORT 1: 4180
SUPPORT 2 : 4100 
STRATEGY: BUY ON DIPS

The NCDEX Jeera Jan futures slipped by -1.09% in the last trading to close at 20920 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: BEARISH 
RESISTANCE 2: 21350
RESISTANCE 1: 21150 
SUPPORT 1: 20800
SUPPORT 2: 20700 
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