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

Monday, 8 December 2014

MCX MENTHA OIL PRICE FALL BY 0.4%


mcx mentha oil, trading tips, free agri calls, Free Agri Tips, Future Trading Tips
  • Mentha oil price fell further by 0.40% to Rs 705.90 per kg in futures trading today as speculators trimmed positions, triggered by low demand from consuming industries against higher supplies from producing belt.
  • At the Multi Commodity Exchange, mentha oil for delivery in December shed another Rs 2.80, or 0.40% to Rs 705.90 per kg in business turnover of 149 lots.
  • Also, the oil for delivery in January next year contract edged down by Rs 1.40, or 0.19% to Rs 717.30 per kg in 11 lots.
  • Mentha oil settled up by 0.61% at 708.7 on increased demand from consuming industries in the spot market. Mentha oil production is expected to fall this year by 30 per cent to 40,000 tonnes from 55,000 tonnes a year ago, with acreage under the commodity declining as farmers sentiment were dampened due to lower prices.
  • Technically market is under short covering as market has witnessed drop in open interest by -1.75% to settled at 7975 while prices up 4.3 rupee.
  • Now Menthaoil is getting support at 696.6 and below same could see a test of 684.5 level, and resistance is now likely to be seen at 716.5, a move above could see prices testing 724.3.


Tuesday, 2 December 2014

NCDEX TURMERIC FUTURES TRADE ON POSITIVE NOTE


NCDEX Turmeric, trading tips, Future Trading Tips, free agri calls, intraday futures
  • Turmeric December futures traded on a positive note on Tuesday at India's National Commodity& Derivatives Exchange(NCDEX).
  • The yellow spice is bullish for short term and sideways trade can be expected for intra day. Turmeric December contract gained 0.7% to 6360 level on Tuesday at NCDEX.
  • Turmeric is likely to trade bullish for short term and side ways for intra day with short term support at 6150 and resistance at 6540. Intra day support is seen at 6300 and resistance at 6410.
  • Sowing of Turmeric in AP for the 2014-15 season is reported at 0.13 lakh ha, as against 0.1 lakh ha last year and a normal sowing of 0.19 lakh ha.



Friday, 28 November 2014

MCX CARDAMOM UP & MCX MENTHA OIL FALLS

mcx cardamom,mcx mentha oil,trading tips, Free Agri Tips, free commodity tips, delivery calls in MCX
Cardamom up by 1.2% on firm demand
  • Cardamom prices rose by 1.26% to Rs 799.40 per kg in futures trade today as speculators indulged in creating fresh positions driven by firm demand in the spot market.
  • At the Multi Commodity Exchange, cardamom for December contracts rose by Rs 10, or 1.26%, to Rs 799.40 per kg, with a trading volume of 339 lots.
  • The spice for delivery in January 2014 was trading up by Rs 5.90, or 0.69%, to Rs 855 per kg, with a business volume of 60 lots. 
Mentha oil falls 0.3% on profit-booking
  • Mentha oil futures drifted by 0.35% to Rs 680 per kg today as speculators locked in gains at prevailing levels amid slackened spot demand.
  • At the Multi Commodity Exchange, mentha oil for delivery in November declined by Rs 2.40, or 0.35%, to Rs 680 per kg in a business turnover of 68 lots.
  • Likewise, the oil for delivery in the December traded lower by Rs 2.20, or 0.31%, to Rs 691.50 per kg in 131 lots.

Thursday, 20 November 2014

NCDEX CHANA TURNS BULLISH ON IMPROVE DEMAND


Chana Futures, Chana NCDEX,  Trading tips, stock tips, intraday calls

MUMBAI Commodity: Chana futures traded on a positive note on improved demand. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices.

Higher availability of imported chick peas and liquidation on higher levels are negative factor for the prices.

Chana December contract gained 0.58% to 3141 levels on Friday at India's National Commodity & Derivatives Exchange Limited (NCDEX).

Chana is likely to trade positive for short term and sideways for intra day with short term support seen at 3080 and resistance at 3220.Intra day support is seen at 3110 and resistance at 3160.

The sowing of chana has reached 40.99 lakh hectares against 53.05 lakh hectares last year same time. Coverage of total pulses has been 58.77 lakh hectares against 70.85 lakh hectare last year.

CHANA SIDE WAY TREND:-
Pivot point :-  3120, S1/S2/S3:-  3109 /3094/3068                      
Closs point :-  3123, R1/R2/R3:-  3135/3146/3172

Wednesday, 19 November 2014

TOP CORPORATE NEWS - 19 Nov 2014


Trading tips, stock tips, share market, Nifty futures
Apollo Hospitals gains 5%
The stock rallied by 10 per cent in the last two trading sessions. The company in the September 2014 quarter reported 5.2 per cent rise in Q2FY15 net profit at Rs 91.50 crore when compared with Rs 87 crore in Q2FY14. Total income rose by 18.4 per cent to Rs 1,161 crore from Rs 980.53 crore.
Zydus Wellness at 52-week high
The stock has soared 16 per cent in the last two trading days. The company recently reported 8.4 per cent growth in Q2 net profit at Rs 27.81 crore for the quarter ended September 2014 as against Rs 25.65 crore in the corresponding quarter a year ago. Total income was up 5.5 per cent at Rs 103.03 crore from Rs 97.69 crore.
Eicher Motors stock surges 4%
Shares of Eicher Motors was up 4% at Rs14617 on reports that VE Commercial Vehicles, a 50:50 joint venture is aiming to capture the number one position in the light-to-medium duty (LMD) trucks segment in terms of market share
M&M to recall 2,300 vehicles
M&M to recall 2,300 vehicles; sentimentally negative, no significant financial impact Mahindra & Mahindra will be recalling 2,300 units of different variants of models Scorpio, Xylo and XUV 500 to rectify a defective vacuum pump in engines.
Tata Global plans to launch new green tea products
Tata Global Beverages looking to cash in on the growing awareness on health and wellness to reinforce its dominance in the green tea segment in the country by launching new products and tapping small towns. Green tea accounts for just Rs300 crore or 1.5% of total tea sales of about Rs20,000 crore in India, but the segment is growing at 50% a year.
Aurobindo Pharma eyes revenue from peptide business
Aurobindo Pharma sees new revenue stream from peptide business in FY2017-18; positive read through.Aurobindo Pharma is set to up the focus on its peptide business and will be filing its first set of drug master files (DMFs) by the end of this fiscal. Another set of DMF (for two more products) would be filed in 12 months.
Ranbaxy sues USFDA for revoking tentative approvals
Ranbaxy Lab has sued the US Food and Drug Administration ( USFDA) for revoking approvals granted to the firm to launch copies of two drugs including AstraZeneca Plc's heartburn pill Nexium. It may be noted that the USFDA revoked a tentative approval for Ranbaxy Lab to make a cheap copy of AstraZeneca Plc's heartburn drug Nexium (market size US$2.2bn) and Roche Holding AG's antiviral Valcyte (market size US$195mn) during early this month, saying that the approvals was given erroneously.

Tuesday, 18 November 2014

Indian Equity market outlook - 19 Nov 2014



INDIAN BENCHMARK are tipped to open little changed today amid a subdued trend in fellow Asian markets. SGX Nifty is trading 9.00 points higher.

FURTHER, Ranbaxy drags US FDA to court.

GAIL to sign LNG deal with US company.             

Spice Jet to return to profitability within a year from recapitalization.

Trend in FII flows: The FIIs were net buyers of Rs -101.98 cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. -232.42 cr, as per the provisional figures released by the NSE.

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.