Showing posts with label Soya oil Trading. Show all posts
Showing posts with label Soya oil Trading. Show all posts

Thursday, 27 November 2014


Ref. Soyoil likely to trade sideways:-

MUMBAI(Commodity Online): Refined soya oil futures are likely to trade sideways. Ref. Soy Oil December contract plunged 0.75% to 589.95 level on Thursday at India's National Commodity and Derivative Exchange(NCDEX).

Ref. Soya oil is sideways for short term and bullish for intra day. Support for short term is seen at 578 and resistance 605 while intra day support is at 585 and resistance will be 597.

Ref. Soya Oil trading range 586-600, down at 591.30:-

Ref. Soya Oil settled down -0.28% at 591.30 extended losses on Wednesday on higher imports of edible oils, while soybeans fell on weak export demand for soya meal, though thin supplies in local spot markets restricted the downside.

Monday, 17 November 2014

Best Trading Tips of ref.Soya Oil,Turmeric,Chana

Ref.Soya oil Trading Tips:-
  • Ref. Soya oil trading range for the day is 582-592.
  • Ref soya oil prices dropped on profit booking after prices seen supported on speculation of Indian government's plan to hike import duty in oil.
  • India soybean oil imports more than doubled in October to 218,599 tons compared to 97,023 tons for the same period a year ago.
  • India's soya oil imports are expected to drop in 2014/15, as the world's top importer is set to harvest a bumper soybean crop.
  • At the Indore spot market in Madhya Pradesh, soya oil was steady at 585 rupees per 10 kgs.
Turmeric Trading Tips:-
  • Turmeric trading range for the day is 6168-6456.
  • Turmeric ended with gains as support seen due to lower production possibilities and improved Export demand.
  • The total crop size of turmeric in Karnataka is estimated lower at 5 lakh bags from 7 lakh bags in 2013-14
  • NCDEX accredited warehouses turmeric stocks gained by 29 tonnes to 2110 tonnes.
  • In Nizamabad, a major spot market in AP, the price ended at 6206.25 rupees dropped -93.75 rupees.
Chana Trading Tips:-
  • Chana trading range for the day is 3156-3228.
  • Chana prices gained on account of increased demand from mills against restricted arrivals from the major producing belts.
  • Besides, hopes of lower output from the major producing belts too supported chana prices uptrend.
  • NCDEX accredited warehouses chana stocks gained by 699 tonnes to 19078 tonnes.
  • In Delhi spot market, chana gained  by 0.3 rupee to end at 3114.75 rupee per 100 kgs.