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

Wednesday, 21 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 22 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,


The NCDEX Turmeric Apr futures is surged up by 0.63% in the last trading to close at 6994 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Moderate weakness was noted for Turmeric even as prices found some immediate support at the 7000 mark. Traders expect export and domestic demand to rise in coming weeks, but new crop arrivals have kept uptrend limited for now. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production 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: 7170
RESISTANCE 1: 7080
SUPPORT 1: 6900
SUPPORT 2: 6800
STRATEGY: SELL ON RISE

The NCDEX Soyabean Feb futures slipped by -0.92% in the last trading to close at 3771 level till Wednesday closing. Soybean gave back morning gains mainly due to profit taking. Improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed in coming weeks. March soybean in the currently week is expected to find strong support region between 3710-20 levels. Domestic fundamentals are firm therefore expect soybean to maintain the bullish trend this month as well. Although US production has been estimated higher but as per experts the U.S. soybean’s production surplus seems insufficient to offset the global demand patterns (A bullish inference overall). For the current month March soybean is unlikely to break the 3650- 3700 support region comfortably, and except marginal dips prices are most likely to move towards new highs gradually.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 3810
RESISTANCE 1: 3790
SUPPORT 1 : 3740
SUPPORT 2: 3715
STRATEGY: SELL ON RISE

The NCDEX Guarseed Feb futures is surged up by 0.37% in the last trading to close at 4421 level till Wednesday closing. Prices failed to hold onto the higher levels as profit booking set in. However, firmness in Crude oil rates and slight firmness in Dollar vs Rupee are likely to support market sentiments. Traders anticipate the export demand to start rising at these lower levels in coming weeks as long term trend remains Bullish. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising 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. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US.
GUARSEED (MARCH) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 4490
RESISTANCE : 4450
SUPPORT 1: 4380
SUPPORT 2 :4340
STRATEGY: BUY ON DIPS

The NCDEX Jeera March futures is surged up by 2.15% in the last trading to close at 15690 level on Wednesday. Rising arrivals of the new crop amidst better crop expectations kept pressure on Jeera market sentiments as traders wait for some more dips before initiating demand for the fresh crop. Recent reports of apprehensions of crop damage in parts of Gujarat from climatic fluctuations may not be strong to support prices for now as overall production is expected to be higher this year. Even as sowing is expected to be higher with shifting of other crop towards Jeera due to high prevailing rates, delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals. Export demand from China rises and from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected production and exports from there.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 16050
RESISTANCE 1: 15870
SUPPORT 1: 15420
SUPPORT 2: 15150
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 

Tuesday, 20 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 21 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is slipped by -2.11% in the last trading to close at 6964 level till Tuesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Moderate weakness was noted for Turmeric even as prices found some immediate support at the 7000 mark. Traders expect export and domestic demand to rise in coming weeks, but new crop arrivals have kept uptrend limited for now. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production 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: 7210
RESISTANCE 1: 7090
SUPPORT 1: 6870
SUPPORT 2: 6770
STRATEGY: SELL ON RISE

The NCDEX Soyabean Feb futures surged up by 1.22% in the last trading to close at 3810 level till Tuesday closing. Soybean gave back morning gains mainly due to profit taking. Improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed in coming weeks. March soybean in the currently week is expected to find strong support region between 3710-20 levels. Domestic fundamentals are firm therefore expect soybean to maintain the bullish trend this month as well. Although US production has been estimated higher but as per experts the U.S. soybean’s production surplus seems insufficient to offset the global demand patterns (A bullish inference overall). For the current month March soybean is unlikely to break the 3650- 3700 support region comfortably, and except marginal dips prices are most likely to move towards new highs gradually.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 3850
RESISTANCE 1: 3830
SUPPORT 1 : 3770
SUPPORT 2: 3740
STRATEGY: SELL ON RISE

The NCDEX Guarseed Feb futures is surged up by 0.78% in the last trading to close at 4418 level till Tuesday closing. Prices failed to hold onto the higher levels as profit booking set in. However, firmness in Crude oil rates and slight firmness in Dollar vs Rupee are likely to support market sentiments. Traders anticipate the export demand to start rising at these lower levels in coming weeks as long term trend remains Bullish. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising 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. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US.
GUARSEED (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4490
RESISTANCE : 4450
SUPPORT 1: 4350
SUPPORT 2 : 4290
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -0.84% in the last trading to close at 15395 level on Tuesday. Rising arrivals of the new crop amidst better crop expectations kept pressure on Jeera market sentiments as traders wait for some more dips before initiating demand for the fresh crop. Recent reports of apprehensions of crop damage in parts of Gujarat from climatic fluctuations may not be strong to support prices for now as overall production is expected to be higher this year. Even as sowing is expected to be higher with shifting of other crop towards Jeera due to high prevailing rates, delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals. Export demand from China rises and from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected production and exports from there.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 15800
RESISTANCE 1: 15600
SUPPORT 1: 15200
SUPPORT 2: 15000
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, 19 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 20 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is slipped by -1.98% in the last trading to close at 7114 level till Monday closing at India's National Commodity & Derivatives Exchange (NCDEX). There was no strong movement for Turmeric as it found good psychological support at 7000 with markets recovering after the recent fall. Sentiments still have not turned positive as new crop arrivals pick up with limited demand as of now, even as short term recovery gets noted. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production 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: 7350
RESISTANCE 1: 7230 
SUPPORT 1: 7050
SUPPORT 2: 6990 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Feb futures slipped by -1.72% in the last trading to close at 3765 level till Monday closing. Slower arrival pace acts as an influencing bullish driver currently. There was profit taking at higher levels on Monday but in coming sessions, improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed. March soybean in the currently week is expected to find strong support region between 3740-60 levels. We expect same fundamentals to continue influencing soybean prices and In case soymeal demand remains firm then expect the new highs in coming sessions. The USDA report released last Thursday overall suggests limited downside in global soybean prices in coming months. From the USDA report reaction by the global oilseed markets it seems that the hedge funds are factoring in mainly on the global stock drawdowns – the USDA further lowered the globalsoybean end stock estimate from its previous month’s estimate.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 3910
RESISTANCE 1: 3840 
SUPPORT 1 : 3720
SUPPORT 2: 3680 
STRATEGY: SELL ON RISE

The NCDEX Guarseed Feb futures is slipped by -2.00% in the last trading to close at 4360 level till Monday closing. Moderate weakness persisted for Guar after the recent highs as profit booking at the higher levels amidst lower demand on the export front from falling crude oil prices kept pressure on market sentiments. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising 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 (MARCH) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 4580
RESISTANCE : 4470 
SUPPORT 1: 4300
SUPPORT 2 : 4250 
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -2.56% in the last trading to close at 15445 level on Monday. Trend weakened for Jeera since last few weeks as expected rise in new crop arrivals amidst lack of strong demand kept trend down for the commodity. Short term fundamentals are not strong for now. Even as sowing is expected to be higher 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. Exports from China have reportedly been on the rise. Demand from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected the production and the exports from there. India became major beneficiary.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 15980
RESISTANCE 1: 15700 
SUPPORT 1: 15300
SUPPORT 2: 15180 
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 

Sunday, 18 February 2018

Capitalstars Free Agri Commodity Market news & Levels - 19 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is surged up by 0.47% in the last trading to close at 7250 level till Friday closing at India's National Commodity & Derivatives Exchange (NCDEX). There was no strong movement for Turmeric as it found good psychological support at 7000 with markets recovering after the recent fall. Sentiments still have not turned positive as new crop arrivals pick up with limited demand as of now, even as short term recovery gets noted. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production 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: 7360
RESISTANCE 1: 7300 
SUPPORT 1: 7190
SUPPORT 2: 7120 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Feb futures surged up by -2.06% in the last trading to close at 3819 level till Friday closing. Slower arrival pace acts as an influencing bullish driver currently. There was profit taking at higher levels on Monday but in coming sessions, improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed. March soybean in the currently week is expected to find strong support region between 3740-60 levels. We expect same fundamentals to continue influencing soybean prices and In case soymeal demand remains firm then expect the new highs in coming sessions. The USDA report released last Thursday overall suggests limited downside in global soybean prices in coming months. From the USDA report reaction by the global oilseed markets it seems that the hedge funds are factoring in mainly on the global stock drawdowns – the USDA further lowered the globalsoybean end stock estimate from its previous month’s estimate.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 3910
RESISTANCE 1: 3860 
SUPPORT 1 : 3750
SUPPORT 2: 3690 
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Feb futures is surged up by 1.84% in the last trading to close at 4436 level till Friday closing. Moderate weakness persisted for Guar after the recent highs as profit booking at the higher levels amidst lower demand on the export front from falling crude oil prices kept pressure on market sentiments. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising 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 (MARCH) TECHNICAL VIEW:
TREND: SIDEWAYS 
RESISTANCE 2: 4520
RESISTANCE : 4480 
SUPPORT 1: 4390
SUPPORT 2 : 4340 
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -0.03% in the last trading to close at 15840 level on Friday. Trend weakened for Jeera since last few weeks as expected rise in new crop arrivals amidst lack of strong demand kept trend down for the commodity. Short term fundamentals are not strong for now. Even as sowing is expected to be higher 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. Exports from China have reportedly been on the rise. Demand from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected the production and the exports from there. India became major beneficiary.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH 
RESISTANCE 2: 16000
RESISTANCE 1: 15900 
SUPPORT 1: 15750
SUPPORT 2: 15650 
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 

Thursday, 15 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 16 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is surged up by 0.06% in the last trading to close at 7220 level till Thursday closing at India's National Commodity & Derivatives Exchange (NCDEX). There was no strong movement for Turmeric as it found good psychological support at 7000 with markets recovering after the recent fall. Sentiments still have not turned positive as new crop arrivals pick up with limited demand as of now, even as short term recovery gets noted. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production 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: 7280
RESISTANCE 1: 7250
SUPPORT 1: 7170
SUPPORT 2: 7130
STRATEGY: SELL ON RISE

The NCDEX Soyabean Feb futures slipped by -0.90% in the last trading to close at 3731 level till Thursday closing. Slower arrival pace acts as an influencing bullish driver currently. There was profit taking at higher levels on Monday but in coming sessions, improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed. March soybean in the currently week is expected to find strong support region between 3740-60 levels. We expect same fundamentals to continue influencing soybean prices and In case soymeal demand remains firm then expect the new highs in coming sessions. The USDA report released last Thursday overall suggests limited downside in global soybean prices in coming months. From the USDA report reaction by the global oilseed markets it seems that the hedge funds are factoring in mainly on the global stock drawdowns – the USDA further lowered the globalsoybean end stock estimate from its previous month’s estimate.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 3880
RESISTANCE 1: 3800
SUPPORT 1 : 3690
SUPPORT 2: 3650
STRATEGY: SELL ON RISE

The NCDEX Guarseed Feb futures is surged up by 0.14% in the last trading to close at 4365 level till Thursday closing. Moderate weakness persisted for Guar after the recent highs as profit booking at the higher levels amidst lower demand on the export front from falling crude oil prices kept pressure on market sentiments. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising 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 (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4460
RESISTANCE : 4410
SUPPORT 1: 4320
SUPPORT 2 : 4280
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -0.57% in the last trading to close at 15805 level on Thursday. Trend weakened for Jeera since last few weeks as expected rise in new crop arrivals amidst lack of strong demand kept trend down for the commodity. Short term fundamentals are not strong for now. Even as sowing is expected to be higher 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. Exports from China have reportedly been on the rise. Demand from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected the production and the exports from there. India became major beneficiary.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 16100
RESISTANCE 1: 15950
SUPPORT 1: 15730
SUPPORT 2: 15650
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, 14 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 15 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is slipped by -0.52% in the last trading to close at 7228 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX). There was no strong movement for Turmeric as it found good psychological support at 7000 with markets recovering after the recent fall. Sentiments still have not turned positive as new crop arrivals pick up with limited demand as of now, even as short term recovery gets noted. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production 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: 7440 
RESISTANCE 1: 7330 
SUPPORT 1: 7130 
SUPPORT 2: 7030 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Feb futures slipped by -1.83% in the last trading to close at 3762 level till Wednesday closing. Slower arrival pace acts as an influencing bullish driver currently. There was profit taking at higher levels on Monday but in coming sessions, improving spot demand for soymeal and frequent reports of lower crop size of India and further drop in Argentine crop production outlook shall be supporting the oilseed. March soybean in the currently week is expected to find strong support region between 3740-60 levels. We expect same fundamentals to continue influencing soybean prices and In case soymeal demand remains firm then expect the new highs in coming sessions. The USDA report released last Thursday overall suggests limited downside in global soybean prices in coming months. From the USDA report reaction by the global oilseed markets it seems that the hedge funds are factoring in mainly on the global stock drawdowns – the USDA further lowered the globalsoybean end stock estimate from its previous month’s estimate.
SOYABEAN (MARCH) TECHNICAL VIEW: 
TREND: BEARISH 
RESISTANCE 2: 3945 
RESISTANCE 1: 3850 
SUPPORT 1 : 3710 
SUPPORT 2: 3650 
STRATEGY: SELL ON RISE

The NCDEX Guarseed Feb futures is slipped by -2.29% in the last trading to close at 4355 level till Wednesday closing. Moderate weakness persisted for Guar after the recent highs as profit booking at the higher levels amidst lower demand on the export front from falling crude oil prices kept pressure on market sentiments. Guarseed is facing strong resistance at 5000 as Gum trades near the 10000 mark. Medium term trend remains up due to rising 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 (MARCH) TECHNICAL VIEW: 
TREND: BEARISH 
RESISTANCE 2: 4470 
RESISTANCE : 4410 
SUPPORT 1: 4320 
SUPPORT 2 : 4290 
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -1.37% in the last trading to close at 15875 level on Wednesday. Trend weakened for Jeera since last few weeks as expected rise in new crop arrivals amidst lack of strong demand kept trend down for the commodity. Short term fundamentals are not strong for now. Even as sowing is expected to be higher 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. Exports from China have reportedly been on the rise. Demand from Gulf countries too has shifted to India as geopolitical tensions in Turkey and Syria adversely affected the production and the exports from there. India became major beneficiary.
JEERA (MARCH) TECHNICAL VIEW: 
TREND: BEARISH 
RESISTANCE 2: 16150 
RESISTANCE 1: 16000 
SUPPORT 1: 15770 
SUPPORT 2: 15670 
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 - 14 FEB 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is slipped by -0.11% in the last trading to close at 7270 level till Tuesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric on NCDEX settled down by -0.62% at 7104 on profit booking after prices seen supported as new crop supplies have not picked up in various producing centres. The overall production in the major states has been estimated to be down by 25-30% which is limiting the downside. Turmeric prices are likely to rule easy in the coming as supplies for new crop would increase. Arrivals in Nizamabad stood at 20,000 and bulb variety was traded at Rs 6,000-6,500 per quintal while finger variety changed hands at Rs 6,500-7,400 a quintal. Turmeric output is seen lower because farmers planted on lower area due to weak prices. New crop supplies have started in the markets of Maharashtra, Tamil Nadu, Odisha, and Andhra Pradesh but in limited quantity. India's turmeric export during April-September remained flat 59,000 ton, showed Spices Board data.
TURMERIC (APR) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 7470
RESISTANCE 1: 7370
SUPPORT 1: 7200
SUPPORT 2: 7120
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Feb futures surged up by 0.74% in the last trading to close at 3818 level till Tuesday closing. Positive inputs from the 2018-19 Union Budget session shall keep soybean in near term but in short term, moderate decline is possible since fresh buying interest in physical market shall emerge only after a 50- 100 rupee fall, as per trade sources. Possibility of rise in delivery quantities against the February contract expiry will be another bearish factor. Overall view will be positive as per broad based fundamentals. March soybean is likely to find strong support between 3500-3550 in the current month. India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just few months, back, but as parity in exporting Indian soymeal has re-established and harvest season nears completion, any sharp fall is ruled out.
SOYABEAN (MARCH) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3950
RESISTANCE 1: 3880
SUPPORT 1 : 3780
SUPPORT 2: 3750
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Feb futures is slipped by -1.22% in the last trading to close at 4442 level till Tuesday closing. Rising crude oil prices, firmness in Dollar vs Re and pickup in exports at these lower levels—all these factors supported Guar prices. Moving forward, guarseed is likely to touch 5000 and find immediate strong resistance there, while guar gum breaks levels of 10000. Upward trend is expected in medium term also because of rising 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. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US. As per reports from APEDA, improved export demand of guar has been noted.
GUARSEED (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4560
RESISTANCE : 4500
SUPPORT 1: 4400
SUPPORT 2 : 4360
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -1.98% in the last trading to close at 16095 level on Tuesday. Jeera on NCDEX settled up by 0.78% at 16720 on short covering after prices dropped due to hopes of bumper output on the back of favourable weather conditions and higher sowing. Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago, according to data from Gujarat Agriculture Department. Jeera sowing in Rajasthan-the other producing state-is also stated to be higher. New jeera crop supplies have commenced in the markets of Gujarat and may pick up in the coming days putting pressure on prices. During April-September 2017, India's jeera exports jumped 16% to 79,460 ton as per data from Spices Board. According to farmer estimates, jeera production in Gujarat was estimated at around 2.75 lakh tonnes (approximately 50 lakh bags weighing 55 kg each) last year, which is likely to touch 4.12 lakh tonnes this year.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 16760
RESISTANCE 1: 16430
SUPPORT 1: 15930
SUPPORT 2: 15750
STRATEGY: BUY ON DIPS


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, 11 February 2018

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

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,


The NCDEX Turmeric Apr futures is surged up by 0.46% in the last trading to close at 7278 level till Friday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric on NCDEX settled down by -0.62% at 7104 on profit booking after prices seen supported as new crop supplies have not picked up in various producing centres. The overall production in the major states has been estimated to be down by 25-30% which is limiting the downside. Turmeric prices are likely to rule easy in the coming as supplies for new crop would increase. Arrivals in Nizamabad stood at 20,000 and bulb variety was traded at Rs 6,000-6,500 per quintal while finger variety changed hands at Rs 6,500-7,400 a quintal. Turmeric output is seen lower because farmers planted on lower area due to weak prices. New crop supplies have started in the markets of Maharashtra, Tamil Nadu, Odisha, and Andhra Pradesh but in limited quantity. India's turmeric export during April-September remained flat 59,000 ton, showed Spices Board data.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 7370
RESISTANCE 1: 7320
SUPPORT 1: 7200
SUPPORT 2: 7130
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Feb futures surged up by 2.43% in the last trading to close at 3750 level till Friday closing. Positive inputs from the 2018-19 Union Budget session shall keep soybean in near term but in short term, moderate decline is possible since fresh buying interest in physical market shall emerge only after a 50- 100 rupee fall, as per trade sources. Possibility of rise in delivery quantities against the February contract expiry will be another bearish factor. Overall view will be positive as per broad based fundamentals. March soybean is likely to find strong support between 3500-3550 in the current month. India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just few months, back, but as parity in exporting Indian soymeal has re-established and harvest season nears completion, any sharp fall is ruled out.
SOYABEAN (FEB) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3850
RESISTANCE 1: 3800
SUPPORT 1 : 3680
SUPPORT 2: 3620
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Feb futures is surged up by 1.27% in the last trading to close at 4459 level till Friday closing. Rising crude oil prices, firmness in Dollar vs Re and pickup in exports at these lower levels—all these factors supported Guar prices. Moving forward, guarseed is likely to touch 5000 and find immediate strong resistance there, while guar gum breaks levels of 10000. Upward trend is expected in medium term also because of rising 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. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US. As per reports from APEDA, improved export demand of guar has been noted.
GUARSEED (FEB) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4560
RESISTANCE 1:4500
SUPPORT 1: 4390
SUPPORT 2 : 4320
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is surged up by 0.24% in the last trading to close at 16420 level on Friday. Jeera on NCDEX settled up by 0.78% at 16720 on short covering after prices dropped due to hopes of bumper output on the back of favourable weather conditions and higher sowing. Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago, according to data from Gujarat Agriculture Department. Jeera sowing in Rajasthan-the other producing state-is also stated to be higher. New jeera crop supplies have commenced in the markets of Gujarat and may pick up in the coming days putting pressure on prices. During April-September 2017, India's jeera exports jumped 16% to 79,460 ton as per data from Spices Board. According to farmer estimates, jeera production in Gujarat was estimated at around 2.75 lakh tonnes (approximately 50 lakh bags weighing 55 kg each) last year, which is likely to touch 4.12 lakh tonnes this year.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 16650
RESISTANCE 1: 16550
SUPPORT 1: 16300
SUPPORT 2: 16200
STRATEGY: BUY ON DIPS




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, 9 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & UPDATES - 09 FEB 2018

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The NCDEX Turmeric Apr futures is surged up by 3.09% in the last trading to close at 7332 level till Thursday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric on NCDEX settled down by -0.62% at 7104 on profit booking after prices seen supported as new crop supplies have not picked up in various producing centres. The overall production in the major states has been estimated to be down by 25-30% which is limiting the downside. Turmeric prices are likely to rule easy in the coming as supplies for new crop would increase. Arrivals in Nizamabad stood at 20,000 and bulb variety was traded at Rs 6,000-6,500 per quintal while finger variety changed hands at Rs 6,500-7,400 a quintal. Turmeric output is seen lower because farmers planted on lower area due to weak prices. New crop supplies have started in the markets of Maharashtra, Tamil Nadu, Odisha, and Andhra Pradesh but in limited quantity. India's turmeric export during April-September remained flat 59,000 ton, showed Spices Board data.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 7430
RESISTANCE 1: 7340
SUPPORT 1: 7200
SUPPORT 2: 7140
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Feb futures surged up by 3.09% in the last trading to close at 3634 level till Thursday closing. Positive inputs from the 2018-19 Union Budget session shall keep soybean in near term but in short term, moderate decline is possible since fresh buying interest in physical market shall emerge only after a 50- 100 rupee fall, as per trade sources. Possibility of rise in delivery quantities against the February contract expiry will be another bearish factor. Overall view will be positive as per broad based fundamentals. March soybean is likely to find strong support between 3500-3550 in the current month. India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just few months, back, but as parity in exporting Indian soymeal has re-established and harvest season nears completion, any sharp fall is ruled out.
SOYABEAN (FEB) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3730
RESISTANCE 1: 3700
SUPPORT 1 : 3620
SUPPORT 2: 3560
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Feb futures is surged up by 0.92% in the last trading to close at 4512 level till Thursday closing. Rising crude oil prices, firmness in Dollar vs Re and pickup in exports at these lower levels—all these factors supported Guar prices. Moving forward, guarseed is likely to touch 5000 and find immediate strong resistance there, while guar gum breaks levels of 10000. Upward trend is expected in medium term also because of rising 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. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US. As per reports from APEDA, improved export demand of guar has been noted.
GUARSEED (FEB) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4550
RESISTANCE 1: 4470
SUPPORT 1: 4350
SUPPORT 2 : 4300
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -0.33% in the last trading to close at 16720 level on Thursday. Jeera on NCDEX settled up by 0.78% at 16720 on short covering after prices dropped due to hopes of bumper output on the back of favourable weather conditions and higher sowing. Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago, according to data from Gujarat Agriculture Department. Jeera sowing in Rajasthan-the other producing state-is also stated to be higher. New jeera crop supplies have commenced in the markets of Gujarat and may pick up in the coming days putting pressure on prices. During April-September 2017, India's jeera exports jumped 16% to 79,460 ton as per data from Spices Board. According to farmer estimates, jeera production in Gujarat was estimated at around 2.75 lakh tonnes (approximately 50 lakh bags weighing 55 kg each) last year, which is likely to touch 4.12 lakh tonnes this year.
JEERA (MARCH) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 16830
RESISTANCE 1: 16600
SUPPORT 1: 16250
SUPPORT 2: 16100
STRATEGY: BUY ON DIPS


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, 7 February 2018

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & LEVELS - 08 FEB 2018

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The NCDEX Turmeric Apr futures is surged up by 3.09% in the last trading to close at 7332 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric on NCDEX settled down by -0.62% at 7104 on profit booking after prices seen supported as new crop supplies have not picked up in various producing centres. The overall production in the major states has been estimated to be down by 25-30% which is limiting the downside. Turmeric prices are likely to rule easy in the coming as supplies for new crop would increase. Arrivals in Nizamabad stood at 20,000 and bulb variety was traded at Rs 6,000-6,500 per quintal while finger variety changed hands at Rs 6,500-7,400 a quintal. Turmeric output is seen lower because farmers planted on lower area due to weak prices. New crop supplies have started in the markets of Maharashtra, Tamil Nadu, Odisha, and Andhra Pradesh but in limited quantity. India's turmeric export during April-September remained flat 59,000 ton, showed Spices Board data.
TURMERIC (APR) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 7560
RESISTANCE 1: 7450
SUPPORT 1: 7160
SUPPORT 2: 7000
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Feb futures surged up by 3.09% in the last trading to close at 3634 level till Wednesday closing. Positive inputs from the 2018-19 Union Budget session shall keep soybean in near term but in short term, moderate decline is possible since fresh buying interest in physical market shall emerge only after a 50- 100 rupee fall, as per trade sources. Possibility of rise in delivery quantities against the February contract expiry will be another bearish factor. Overall view will be positive as per broad based fundamentals. March soybean is likely to find strong support between 3500-3550 in the current month. India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just few months, back, but as parity in exporting Indian soymeal has reestablished and harvest season nears completion, any sharp fall is ruled out.
SOYABEAN (FEB) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3730
RESISTANCE 1: 3680
SUPPORT 1 : 3570
SUPPORT 2: 3500
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Feb futures is surged up by 0.92% in the last trading to close at 4512 level till Wednesday closing. Rising crude oil prices, firmness in Dollar vs Re and pickup in exports at these lower levels—all these factors supported Guar prices. Moving forward, guarseed is likely to touch 5000 and find immediate strong resistance there, while guar gum breaks levels of 10000. Upward trend is expected in medium term also because of rising 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. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US. As per reports from APEDA, improved export demand of guar has been noted.
GUARSEED (FEB) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 4560
RESISTANCE 1: 4530
SUPPORT 1: 4480
SUPPORT 2 :4440
STRATEGY: SELL ON RISE

The NCDEX Jeera March futures is slipped by -0.33% in the last trading to close at 16720 level on Wednesday. Jeera on NCDEX settled up by 0.78% at 16720 on short covering after prices dropped due to hopes of bumper output on the back of favourable weather conditions and higher sowing. Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago, according to data from Gujarat Agriculture Department. Jeera sowing in Rajasthan-the other producing state-is also stated to be higher. New jeera crop supplies have commenced in the markets of Gujarat and may pick up in the coming days putting pressure on prices. During April-September 2017, India's jeera exports jumped 16% to 79,460 ton as per data from Spices Board. According to farmer estimates, jeera production in Gujarat was estimated at around 2.75 lakh tonnes (approximately 50 lakh bags weighing 55 kg each) last year, which is likely to touch 4.12 lakh tonnes this year.
JEERA (MARCH) TECHNICAL VIEW:
TREND: CONSOLIDATE
RESISTANCE 2: 17080
RESISTANCE 1: 16900
SUPPORT 1: 16620
SUPPORT 2: 16520
STRATEGY: BUY ON DIPS 


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, 4 May 2017

FREE AGRI COMMODITY MARKET NEWS & LEVELS - 05 MAY 2017

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Turmeric May futures traded on a slipped Thursday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -2.29% to 5456 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: 5600, 
RESISTANCE 1: 5500, 
SUPPORT 1: 5300, 
SUPPORT 2: 5200. 
STRATEGY: SELL ON RISE

The NCDEX Soyabean May futures surged up by 1.13% in the last trading to close at 2873 level till Thursday 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 2:2920, 
RESISTANCE 1:2900, 
SUPPORT 1: 2850, 
SUPPORT 2: 2820. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Positive note increased demand on Thursday (5.00PM). Gaurseed May contract gained 0.73% to 3710 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: 3820, 
RESISTANCE 1:3750, 
SUPPORT 1: 3650, 
SUPPORT 2: 3600. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya May futures Slipped by -4.00% in the last trading to close at 5860 level on Thursday. after a one-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: 6000, 
RESISTANCE 1: 5900, 
SUPPORT 1: 5600, 
SUPPORT 2: 5500. 
STRATEGY: SELL ON RISE

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Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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Wednesday, 3 May 2017

FREE AGRI COMMODITY MARKET TIPS & LEVELS - 04 MAY 2017

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Turmeric May futures traded on a slipped Wednesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -4.00% to 5584 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: 5800, 
RESISTANCE 1: 5700, 
SUPPORT 1: 5400, 
SUPPORT 2: 5350. 
STRATEGY: SELL ON RISE

The NCDEX Soyabean May futures slipped by -2.07% in the last trading to close at 2833 level till Wednesday 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 2:2900, 
RESISTANCE 1:2880, 
SUPPORT 1: 2820, 
SUPPORT 2: 2800. 
STRATEGY: SELL ON RISE 

Guarseed futures traded on a Negative note decreased demand on Wednesday (5.00PM). Gaurseed May contract lost -2.32% to 3670 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: 3820, 
RESISTANCE 1:3750, 
SUPPORT 1: 3650, 
SUPPORT 2: 3600. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya May futures Slipped by -4.00% in the last trading to close at 6104 level on Wednesday. after a one-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: 6300, 
RESISTANCE 1: 6200, 
SUPPORT 1: 6000, 
SUPPORT 2: 5800. 
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: INA000001647