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

Friday, 25 August 2017

IGC raises global Soybean crop forecast - 25 AUG 2017

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Amid tentative expectations for another season of big crops in leading producers, the International Grains Council (IGC) put global Soybean production in 2017/18 at 347 million tonnes, up from a previous forecast of 345 million tonnes but still below the prior season's record high of 351 million tonnes.

With continued growth in demand for Soybean products set to push total use to a new high, global inventories are likely to tighten, falling by 9%, to 41 million tonnes, albeit still remaining comfortable.

Within the total, major exporters’ stocks are seen contracting by almost one-fifth, to 22 million tonnes. Trade is predicted to expand by 6 million tonnes y/y, to a fresh peak, tied to larger deliveries to Asia.

The USA and Brazil could each export 60 million tonnes or more for the first time in their respective local marketing seasons, IGC said.



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Monday, 8 May 2017

FREE AGRI COMMODITY MARKET NEWS & LEVELS - 09 MAY 2017

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Turmeric May futures traded on a surged up Monday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 0.15% to 5382 level at NCDEX. Trend remained weak for Turmeric even as prices found very strong support at the psychological 6000 mark. Lack of demand on the domestic (from North India) and export front amidst favorable Monsoon report ensured prices did not recover much even as it traded near the psychological support of 6000. Reports of low production and crop damage with farmers reportedly getting adversely affected in AP and Telengana have been noted. 
TURMERIC (MAY) TECHNICAL VIEW:  
TREND: BEARISH 
RESISTANCE 2: 5500,  
RESISTANCE 1: 5450, 
SUPPORT 1: 5300, 
SUPPORT 2: 5200. 
STRATEGY:  SELL ON RISE 

The NCDEX Soyabean May futures slipped by -0.83% in the last trading to close at 2872 level till Monday closing.  
Soybean failed to sustain at higher levels as buying interest stood lower against weakening trend in US soybean. However medium term fundamentals remains strong due to falling stocks, lesser arrivals and stable demand, hence soybean shall tend to recover in coming sessions.  The April month’s USDA supply and demand report of oilseed complex was released last week and although the report was bearish, the projections were already factored in by the hedge funds. 
SOYABEAN (MAY) TECHNICAL VIEW: 
TREND: BEARISH 
RESISTANCE 2:2970, 
RESISTANCE 1:2950, 
SUPPORT 1: 2850, 
SUPPORT 2: 2800. 
STRATEGY: SELL ON RISE 

Guarseed futures traded on a Negative note decreased demand on Monday (5.00PM). Gaurseed May contract lost -0.68% to 3651 levels.  Favorable Monsoon reports amidst possibilities of its arrival before time are keeping sentiments weak for Guar. Its impact is likely to be temporary—but if monsoon arrives before time, then some more dips can be possible. Reports of lower production are likely to support prices. As per latest Rajasthan Agricultural dept report, production there is expected to fall to 14.04 lakh tons vs 22.23 lakh tons previous year. The sowing area has fallen to 35 lakh ha due to low rates seen over last 2-3 years.   
GAURSEED (MAY) TECHNICAL VIEW:  
TREND: BEARISH 
RESISTANCE 2: 3750,  
RESISTANCE 1:3720, 
SUPPORT 1: 3620, 
SUPPORT 2: 3500. 
STRATEGY:  SELL ON RISE   

The NCDEX Dhaniya May futures Slipped by -2.06% in the last trading to close at 5606 level on Monday. after a 1-sided increase in the beginning of apl, there is a huge decline in the coriander's market. on the commodity exchange NCDEX  the price of coriander has dropped has by around 1,500 RPs in a month. in the beginning of April,  coriander price  for near future trading on NCDEX 7900 per quintal, but now the price has come down to RS 6450.  in march , the price of coriander touched a low of RS 6410. Which was lowest price in about 13 months. there has been pressure of  coriander due year ending stock and week export demand. however this year's production is being reported less last year. Price have not able to keep pace with heavy stock.   
DHANIYA (MAY) TECHNICAL VIEW:   
TREND: BEARISH 
RESISTANCE 2: 5900, 
RESISTANCE 1: 5800, 
SUPPORT 1:  5500, 
SUPPORT 2:  5400. 
STRATEGY: SELL ON RISE


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India Soymeal exports jump in April

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India’s Soymeal exports jumped to 1.11 lakh tonnes in April, an eight-fold increase as against 12,195 tonnes in the corresponding period last year, according to provisional estimates released by the Soyabean Processors Association of India (SOPA).

Bangladesh, France and Germany were the top three buyers of Indian Soyameal during April. Bangladesh bought 29,400 tonnes, while France purchased 25,861 tonnes during April. Germany bought 25,351 tonnes during the period.

In the current oil year 2016-17 (October-September), total Soymeal exports during October 2016-April 2017 stood at 10.26 lakh tonnes, more than four-fold increase over the corresponding period's 1.98 lakh tonnes.

India had exported a mere 2.61 lakh tonnes in oil-year ending September 2016 as the Indian meal was outpriced in the world market on account of higher prices and lower domestic crop in 2015-16.

The industry expects total Soyameal shipments to exceed two million tonnes in the current oil year-ending September on higher output and competitive prices.


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Monday, 19 December 2016

FREE AGRI COMMODITY MARKET TIPS & LEVELS - 20 DEC 2016


CS TURMERIC   (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:7050
RESIST 1:6950         
SUP1:6650
SUP2:6450
STRATEGY: SELL ON RISE

CS SOYABEAN ( JANUARY ) OVERVIEW:
TREND   MIXED TO  BEARISH
RESIST 2:3130
RESIST 1:3090
SUP1:3000
SUP2:2970
STRATEGY: SELL ON RISE

CS GARUSEED  ( JANUARY ) OVERVIEW:                          
TREND   MIXED TO BEARISH
RESIST 2:3375
RESIST 1:3320
SUP1: 3190
SUP2:3150
STRATEGY: SELL ON RISE

CS DHANIYA ( JANUARY ) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2: 7850
RESIST 1: 7750    
SUP1:7500
SUP2:7400
STRATEGY: SELL ON RISE

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Sunday, 18 December 2016

AGRI COMMODITY MARKET TIPS & LEVELS - 19 DEC 2016


Turmeric April futures traded on a slipped Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.68% to 7000 level at NCDEX. Moderate firm trend persisted for Turmeric even as low volumes were noted in the futures market. Overall trend remained firm however for the medium term on falling stocks as demand is expected to recover after some more corrections in prices New crop arrivals are still far away from Dec onwards, and this could keep overall market sentiments bullish for the time being.
TURMERIC (APRIL) TECHNICAL VIEW: 
TREND:MIXED TO BEARISH 
RESISTANCE 2: 7200, 
RESISTANCE 1: 7050, 
SUPPORT 1: 6950, 
SUPPORT 2: 6900. 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Jan futures slipped by -0.97% in the last trading to close at 3050 level till Friday closing. Domestic market was supported from news of US soybean export picking up, in addition to renewed buying interest against lower price levels. News of stock limits being eased by the Maharashtra government added to the positive tone. The Government of Maharashtra has announced on Monday to cancel buying limits which implies that now plants shall be prompted to buy in bulk quantities when needed. This will be supportive for prices in coming days.
SOYABEAN (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3130, 
RESISTANCE 1:3100, 
SUPPORT 1: 3030, 
SUPPORT 2: 3000. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Negative note decreased demand on Friday (5.00PM). Gaurseed Jan contract lost -1.98% to 3261 levels. Firm trend was noted for Guar even as profit booking set in at the higher levels. With exports slowly picking up for the new crop amidst firm Dollar vs Rupee, falling stocks and the present low rates added to the bullish sentiments. Fundamentals remain slight firm with falling stocks in domestic and International markets. 
GAURSEED (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 3400, 
RESISTANCE 1:3330, 
SUPPORT 1: 3220, 
SUPPORT 2: 3190. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya Jan futures surged up by 0.85% in the last trading to close at 7734 level on Friday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend. 
DHANIYA (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 7850, 
RESISTANCE 1: 7800, 
SUPPORT 1: 7500, 
SUPPORT 2: 7450. 
STRATEGY: SELL ON RISE 

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Thursday, 15 December 2016

FREE AGRI COMMODITY MARKET TIPS & LEVELS - 16 DEC 2016


Turmeric April futures traded on a slipped Thursday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -1.97% to 7048 level at NCDEX. Moderate firm trend persisted for Turmeric even as low volumes were noted in the futures market. Overall trend remained firm however for the medium term on falling stocks as demand is expected to recover after some more corrections in prices New crop arrivals are still far away from Dec onwards, and this could keep overall market sentiments bullish for the time being.
TURMERIC (APRIL) TECHNICAL VIEW: 
TREND:MIXED TO BEARISH 
RESISTANCE 2: 7250, 
RESISTANCE 1: 7150, 
SUPPORT 1: 6970, 
SUPPORT 2: 6900. 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Jan futures slipped by -0.26% in the last trading to close at 3082 level till Thursday closing. Domestic market was supported from news of US soybean export picking up, in addition to renewed buying interest against lower price levels. News of stock limits being eased by the Maharashtra government added to the positive tone. The Government of Maharashtra has announced on Monday to cancel buying limits which implies that now plants shall be prompted to buy in bulk quantities when needed. This will be supportive for prices in coming days. 
SOYABEAN (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3160, 
RESISTANCE 1:3130, 
SUPPORT 1: 3060, 
SUPPORT 2: 3030. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Negative note decreased demand on Thursday (5.00PM). Gaurseed Jan contract lost -0.15% to 3325 levels. Firm trend was noted for Guar even as profit booking set in at the higher levels. With exports slowly picking up for the new crop amidst firm Dollar vs Rupee, falling stocks and the present low rates added to the bullish sentiments. Fundamentals remain slight firm with falling stocks in domestic and International markets. 
GAURSEED (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 3400, 
RESISTANCE 1:3370, 
SUPPORT 1: 3300, 
SUPPORT 2: 3270. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya Jan futures slipped by -2.46% in the last trading to close at 7650 level on Thursday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend.
DHANIYA (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 7850, 
RESISTANCE 1: 7750, 
SUPPORT 1: 7600, 
SUPPORT 2: 7480. 
STRATEGY: SELL ON RISE

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Wednesday, 14 December 2016

AGRI COMMODITY MARKET TIPS & LEVELS - 15 DEC 2016


Turmeric April futures traded on a slipped Wednesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.22% to 7174 level at NCDEX. Moderate firm trend persisted for Turmeric even as low volumes were noted in the futures market. Overall trend remained firm however for the medium term on falling stocks as demand is expected to recover after some more corrections in prices New crop arrivals are still far away from Dec onwards, and this could keep overall market sentiments bullish for the time being.
TURMERIC (APRIL) TECHNICAL VIEW: 
TREND:MIXED TO BULLISH 
RESISTANCE 2: 7320, 
RESISTANCE 1: 7220, 
SUPPORT 1: 7120, 
SUPPORT 2: 7000. 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Jan futures surged up by 0.78% in the last trading to close at 3093 level till Wednesday closing. Domestic market was supported from news of US soybean export picking up, in addition to renewed buying interest against lower price levels. News of stock limits being eased by the Maharashtra government added to the positive tone. The Government of Maharashtra has announced on Monday to cancel buying limits which implies that now plants shall be prompted to buy in bulk quantities when needed. This will be supportive for prices in coming days. 
SOYABEAN (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2:3160, 
RESISTANCE 1:3130, 
SUPPORT 1: 3060, 
SUPPORT 2: 3000. 
STRATEGY: BUY ON DIPS

Guarseed futures traded on a Negative note decreased demand on Wednesday (5.00PM). Gaurseed Jan contract lost -0.83% to 3331 levels. Firm trend was noted for Guar even as profit booking set in at the higher levels. With exports slowly picking up for the new crop amidst firm Dollar vs Rupee, falling stocks and the present low rates added to the bullish sentiments. Fundamentals remain slight firm with falling stocks in domestic and International markets. 
GAURSEED (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 3380, 
RESISTANCE 1:3350, 
SUPPORT 1: 3300, 
SUPPORT 2: 3270. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya Jan futures slipped by -1.01% in the last trading to close at 7822 level on Wednesday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend.
DHANIYA (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8000, 
RESISTANCE 1: 7900, 
SUPPORT 1: 7750, 
SUPPORT 2: 7650. 
STRATEGY: SELL ON RISE 

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Tuesday, 13 December 2016

AGRI COMMODITY MARKET TIPS & LEVELS - 14 DEC 2016


Turmeric April futures traded on a surged up Tuesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 0.56% to 7192 level at NCDEX. Moderate firm trend persisted for Turmeric even as low volumes were noted in the futures market. Overall trend remained firm however for the medium term on falling stocks as demand is expected to recover after some more corrections in prices New crop arrivals are still far away from Dec onwards, and this could keep overall market sentiments bullish for the time being.
TURMERIC (APRIL) TECHNICAL VIEW: 
TREND:MIXED TO BULLISH 
RESISTANCE 2: 7380, 
RESISTANCE 1: 7300, 
SUPPORT 1: 7000, 
SUPPORT 2: 6950. 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Jan futures surged up by 0.56% in the last trading to close at 3071 level till Tuesday closing. Domestic market was supported from news of US soybean export picking up, in addition to renewed buying interest against lower price levels. News of stock limits being eased by the Maharashtra government added to the positive tone. The Government of Maharashtra has announced on Monday to cancel buying limits which implies that now plants shall be prompted to buy in bulk quantities when needed. This will be supportive for prices in coming days.
SOYABEAN (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2:3160, 
RESISTANCE 1:3130, 
SUPPORT 1: 3050, 
SUPPORT 2: 3000. 
STRATEGY: BUY ON DIPS

Guarseed futures traded on a Positive note increased demand on Tuesday (5.00PM). Gaurseed Jan contract gained 0.03% to 3310 levels. Firm trend was noted for Guar even as profit booking set in at the higher levels. With exports slowly picking up for the new crop amidst firm Dollar vs Rupee, falling stocks and the present low rates added to the bullish sentiments. Fundamentals remain slight firm with falling stocks in domestic and International markets.
GAURSEED (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 3440, 
RESISTANCE 1:3400, 
SUPPORT 1: 3300, 
SUPPORT 2: 3270. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya Jan futures slipped by -0.21% in the last trading to close at 7920 level on Tuesday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend. 
DHANIYA (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8100, 
RESISTANCE 1: 8000, 
SUPPORT 1: 7850, 
SUPPORT 2: 7770. 
STRATEGY: SELL ON RISE 

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Monday, 12 December 2016

India Soybean exports to increase sharply in 2016-17

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India's Soybean exports in 2016-17 is expected to double and reach 1.8 million tonnes on larger crop and crush forecasts, according to USDA. Soybean shipment was projected at 0.9 million hectares in November for 2016-17 by USDA.

Domestic consumption of Soymeal by the country has been trimmed down to 4.650 million tonnes against 4.970 million tonnes in November forecast. Even though, the estimate is still up from 4.320 million tonnes in 2015-16.

In 2016-17, Soybean meal production is likely to be at 6.8 million tones, which is sharply up from 4.480 million tonnes in 2015-16. Soybean crop of India is estimated at 11.5 million tonnes, up from 9.7 million tonnes projected in November and sharply up from 7.125 million tonnes in 2015-16, according to USDA.

Crushing in India during the period is estimated higher at 8.5 million tonnes and Soybean ending stocks in 2016-17 is also projected higher at 1.311 million tonnes, sharply up from 0.456 million tonnes. India Soybean ending stock in 2015-16 was at 0.421 million tonnes due to lower crop.

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Thursday, 8 December 2016

FREE AGRI COMMODITY MARKET TIPS & LEVELS - 09 DEC 2016


Turmeric April futures traded on a surged up Thursday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 0.48% to 7102 level at NCDEX. Moderate firm trend persisted for Turmeric even as low volumes were noted in the futures market. Overall trend remained firm however for the medium term on falling stocks as demand is expected to recover after some more corrections in prices New crop arrivals are still far away from Dec onwards, and this could keep overall market sentiments bullish for the time being.
TURMERIC (APRIL) TECHNICAL VIEW: 
TREND:MIXED TO BULLISH 
RESISTANCE 2: 7300, 
RESISTANCE 1: 7150, 
SUPPORT 1: 7000, 
SUPPORT 2: 6950. 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Jan futures slipped by -1.03% in the last trading to close at 3063 level till Thursday closing. Domestic market was supported from news of US soybean export picking up, in addition to renewed buying interest against lower price levels. News of stock limits being eased by the Maharashtra government added to the positive tone. The Government of Maharashtra has announced on Monday to cancel buying limits which implies that now plants shall be prompted to buy in bulk quantities when needed. This will be supportive for prices in coming days.
SOYABEAN (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3135, 
RESISTANCE 1:3100, 
SUPPORT 1: 3050, 
SUPPORT 2: 3000. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Positive note increased demand on Thursday (5.00PM). Gaurseed Jan contract gained 0.03% to 3310 levels. Firm trend was noted for Guar even as profit booking set in at the higher levels. With exports slowly picking up for the new crop amidst firm Dollar vs Rupee, falling stocks and the present low rates added to the bullish sentiments. Fundamentals remain slight firm with falling stocks in domestic and International markets.
GAURSEED (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 3400, 
RESISTANCE 1:3330, 
SUPPORT 1: 3270, 
SUPPORT 2: 3230. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya Jan futures slipped by -0.35% in the last trading to close at 7914 level on Thursday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend. 
DHANIYA (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8100, 
RESISTANCE 1: 8050, 
SUPPORT 1: 7850, 
SUPPORT 2: 7750. 
STRATEGY: SELL ON RISE

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Wednesday, 7 December 2016

AGRI COMMODITY MARKET TIPS & LEVELS - 08 DEC 2016


Turmeric April futures traded on a surged up Wednesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 1.11% to 7078 level at NCDEX. Moderate firm trend persisted for Turmeric even as low volumes were noted in the futures market. Overall trend remained firm however for the medium term on falling stocks as demand is expected to recover after some more corrections in prices New crop arrivals are still far away from Dec onwards, and this could keep overall market sentiments bullish for the time being.
TURMERIC (APRIL) TECHNICAL VIEW: 
TREND:MIXED TO BULLISH 
RESISTANCE 2: 7200, 
RESISTANCE 1: 7150, 
SUPPORT 1: 6980, 
SUPPORT 2: 6880. 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Jan futures slipped by -0.96% in the last trading to close at 3089 level till Wednesday closing. Domestic market was supported from news of US soybean export picking up, in addition to renewed buying interest against lower price levels. News of stock limits being eased by the Maharashtra government added to the positive tone. The Government of Maharashtra has announced on Monday to cancel buying limits which implies that now plants shall be prompted to buy in bulk quantities when needed. This will be supportive for prices in coming days.
SOYABEAN (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3175, 
RESISTANCE 1:3125, 
SUPPORT 1: 3070, 
SUPPORT 2: 3000. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Negative note decreased demand on Wednesday (5.00PM). Gaurseed Jan contract lost -0.18% to 3316 levels. Firm trend was noted for Guar even as profit booking set in at the higher levels. With exports slowly picking up for the new crop amidst firm Dollar vs Rupee, falling stocks and the present low rates added to the bullish sentiments. Fundamentals remain slight firm with falling stocks in domestic and International markets. 
GAURSEED (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 3450, 
RESISTANCE 1:3380, 
SUPPORT 1: 3280, 
SUPPORT 2: 3240. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya Jan futures surged up by 0.33% in the last trading to close at 7920 level on Wednesday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend.
DHANIYA (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8100, 
RESISTANCE 1: 8020, 
SUPPORT 1: 7780, 
SUPPORT 2: 7680. 
STRATEGY: SELL ON RISE 

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Tuesday, 6 December 2016

AGRI COMMODITY MARKET TIPS & LEVELS - 07 DEC 2016

Turmeric April futures traded on a surged up Tuesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 0.29% to 7000 level at NCDEX. Moderate firm trend persisted for Turmeric even as low volumes were noted in the futures market. Overall trend remained firm however for the medium term on falling stocks as demand is expected to recover after some more corrections in prices New crop arrivals are still far away from Dec onwards, and this could keep overall market sentiments bullish for the time being.
TURMERIC (APRIL) TECHNICAL VIEW: 
TREND: CONSOLIDATE 
RESISTANCE 2: 7120, 
RESISTANCE 1: 70040, 
SUPPORT 1: 6890, 
SUPPORT 2: 6840. 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Jan futures slipped by -0.83% in the last trading to close at 3112 level till Tuesday closing. Domestic market was supported from news of US soybean export picking up, in addition to renewed buying interest against lower price levels. News of stock limits being eased by the Maharashtra government added to the positive tone. The Government of Maharashtra has announced on Monday to cancel buying limits which implies that now plants shall be prompted to buy in bulk quantities when needed. This will be supportive for prices in coming days. 
SOYABEAN (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3150, 
RESISTANCE 1:3140, 
SUPPORT 1: 3100, 
SUPPORT 2: 3070. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Positive note increased demand on Tuesday (5.00PM). Gaurseed Jan contract gained 0.03% to 3323 levels. Firm trend was noted for Guar even as profit booking set in at the higher levels. With exports slowly picking up for the new crop amidst firm Dollar vs Rupee, falling stocks and the present low rates added to the bullish sentiments. Fundamentals remain slight firm with falling stocks in domestic and International markets. 
GAURSEED (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 3400, 
RESISTANCE 1:3340, 
SUPPORT 1: 3280, 
SUPPORT 2: 3230. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya Jan futures slipped by -1.44% in the last trading to close at 7885 level on Tuesday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend.
DHANIYA (JANUARY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8250, 
RESISTANCE 1: 8110, 
SUPPORT 1: 7770, 
SUPPORT 2: 7680. 
STRATEGY: SELL ON RISE  

Get real time advice from Our Best Advisory -  Capitalstars  

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: INA00000164