Showing posts with label jeera trading tips. Show all posts
Showing posts with label jeera trading tips. Show all posts

Monday, 26 September 2016

Resistance seen at 17368 for NCDEX Jeera

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Jeera on NCDEX settled down -1.01% at 17145 due to limited demand from exporters. However downside seen limited following poor supplies due to fag-end of the season. Reports of lower output in other producing countries, Turkey and Syria will help the Indian exporters to clinch more export deals. Expectations of good demand for the coming festive season may also support the upward price trend. In 2016- 17, the output of jeera is seen falling in other major producers Syria and Turkey to 10,000 ton and 12,000 ton respectively from 15,000 ton and 17,000 ton in 2015-16.

As per market source, India is likely to export 40,000-45,000 ton more jeera in coming months. As per fourth advance estimate of Gujarat State for 2015-16, jeera production is pegged at 238,000 ton as against 197,000 ton a year ago. However, it is much lower than 2013-14 output when the state produced 346,000 ton jeera. At Dhrol market in Jamnagar(Guj.), arrivals were reported at 11 quintals, down by 5 quintals from previous trading day.

At New Delhi market arrivals were reported at 2000 quintals, steady as against previous day’s arrival. At Nagaur(Raj.) market in Nagaur total arrivals are at 250 quintals, down by 150 quintals as compared to previous day. At Unjha market in Mehsana arrivals were reported at 1200 quintals, up by 700 quintals from previous trading day. Technically market is under long liquidation as market has witnessed drop in open interest by -2.93% to settled at 14019 while prices down -175 rupee, now Jeera is getting support at 16993 and below same could see a test of 16842 level, and resistance is now likely to be seen at 17368, a move above could see prices testing 17592.

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Thursday, 2 July 2015

FRESH SELLING SEEN IN JEERA, OPEN INTEREST UP BY 8.76%

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Jeera settled down by -0.31% at 16090 tracking weakness in spot demand despite amid strong export demand. Currently, the traders and stockiest are active in the spot market to serve the demand from the domestic market as exports demand dwindle on quality issues. As per third advance estimate of Gujarat State, production is expected at 1.58 lakh tonnes in 2014-15 which is 54.3 per cent lower compared to last years’ production of 3.46 lakh tonnes.
At Rajkot market estimated market supply was at 223 quintal, higher by 13 quintal as against previous day. In Unjha, a key spot market in Gujarat, jeera edged down by -8.35 rupees to end at 17000 rupee per 100 kg. Technically market is under fresh selling as market has witnessed gain in open interest by 8.76% to settled at 14046 while prices down -50 rupee, now Jeera is getting support at 15825 and below same could see a test of 15565 level, and resistance is now likely to be seen at 16335, a move above could see prices testing 16585.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips , MCX Tips Services  , Commodity Tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.


Monday, 27 April 2015

JEERA REMAINS WEAK ON HIGHER SUPPLY, SHEDS 1.5%

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Jeera prices fell further by 1.47 per cent to Rs 17,795 per quintal in futures trading today as speculators reduced their positions, triggered by higher supplies from producing belts.
At the NCDEX jeera for delivery in May month moved down by Rs 265 or 1.47 per cent to Rs 17,795 per quintal with an open interest of 19,416 lots.
The June contract lost Rs 260 or 1.41 per cent to Rs 18,150 per quintal in 8973 lots.
Jeera May futures closed 2.17% down on larger-than-expected arrivals in the mandis for the new season crop. There is concern over production due to untimely rainfall in March in Gujarat and Rajasthan capped. As per Government data, 2.41 lakh hectare of cumin crop is damaged in Rajasthan. The traders and stockiest were actively buying on inquiries for the exports in the spot market.
Jeera futures may trade on mixed to positive note, as there is good demand for exports. The retailers and stockiest are also buying at current market prices on anticipation of lesser arrivals in coming month on anticipation of lower production. 

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips  , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.



Thursday, 19 March 2015

JEERA FUTURES MAy TRADE ON MIXED TO POSITIVE NOTE

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Jeera settled up by 0.27% at 14805 on reports of weak crop and quality concerns.
Technically market is under short covering as market has witnessed drop in open interest by -3.76% to settled at 17058 while prices up 40 rupee, now Jeera is getting support at 14630 and below same could see a test of 14450 level, and resistance is now likely to be seen at 14925, a move above could see prices testing 15040.
Jeera futures may trade on mixed to positive note, as there is good demand for exports. The retailers and stockists are also buying at current market prices on anticipation of lesser arrivals in coming month on anticipation of lower production. However, arrival pressure and profit booking may cap the price rise.
Jeera Apr. futures closed lower by 1.39 % in last trading session on profit booking by the market participants on arrival pressure. The traders and stockists were actively buying on enquiries for the exports. There are reports of crop damage of the new season crop due to unseasonal rains in Gujarat and Rajasthan.

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Monday, 16 February 2015

NCDEX JEERA PRICES TO FOLLOW SIDE WAYS TREND

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Jeera prices were trading up on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX).
NCDEX Jeera March contract rose by 2.28 per cent to 14555. Jeera March contract is likely to trade side ways for both short term and intra day.
“Short term support seen at 13800 and resistance at 15100. Intra day support is seen at 14350 and resistance at 14580 ,”
Trend remained firm for Jeera even as it traded with high volatility. With exports rising and arrivals of the new crop slowing down, overall trend is expected to remain firm for the commodity. Arrivals of new crop however is preventing strong 1-sided upside movement for the commodity rates. Lower sowing area and good export demand are however likely to keep long term sentiments Bullish.
The exports have already shot up 40% during the 1st half of the quarter. It is expected to remain high in coming months too – which could create a Bullish sentiment in the long term for the commodity. Finally a fall in area as reported amidst adverse weather conditions in growing areas could help keep market sentiments firm in the medium term.

Tuesday, 10 February 2015

JEERA TURNS BEARISH ON DEMAND CONCERN

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Jeera prices were trading lower on Tuesday at the NCDEX on account of a surge in the supply from the producing regions in the midst of a decline in the export demand.
NCDEX Jeera February contract slipped by 1.27 per cent to 13625 . Jeera February contract is likely to trade bearish for short term and side ways for intra day.
“Short term support seen at 13300 and resistance at 14100. Intraday support is seen at 13500 and resistance at 13850".
Latest report from Spices Board of India indicates pickup in exports during April-Sept 2014 period at 87500 tonnes (up from 70243 in April-Sept 2013) – a rise of 25% in quantity and 2% in value.
The exports have already shot up 40% during the 1st half of the quarter. It is expected to remain high in coming months too – which could create a Bullish sentiment in the long term for the commodity. Finally a fall in area as reported amidst adverse weather conditions in growing areas could help keep market sentiments firm in the medium term.

Wednesday, 28 January 2015

NCDEX JEERA LIKELY TO TRADE SIDEWAYS


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NCDEX  Jeera February contract rose by 0.51 per cent to 14850 on Wednesday
Jeera February contract is likely to trade side ways for both short term and intra day. Short term support seen at 14200 and resistance at 15450. Intra day support is seen at 14900 and resistance at 15150.
The exports have already shot up 40% during the 1st half of the quarter. It is expected to remain high in coming months too – which could create a Bullish sentiment in the long term for the commodity. Finally a fall in area as reported amidst adverse weather conditions in growing areas could help keep market sentiments firm in the medium term.

Thursday, 22 January 2015

NCDEX JEERA DOWN BY -1.48% AT 15960


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  • NCDEX JEERA trading range for the day is 15375-16815 . Jeera settled down by -1.48% at 15960 amidst subdued demand in the spot markets but upside seen limited on an estimated drop in production. Besides, weak export demand and rising supplies in the spot markets also put pressure on prices.
  • Jeera is sown from October till the beginning of December and harvesting starts in February. March-April will be the months of peak arrivals. 
  • In Unjha, a key spot market in Gujarat, jeera edged down by -23.1 rupees to end at 16292.3 rupee per 100 kg
  • Technically market is under long liquidation as market has witnessed drop in open interest by -4.62% to settled at 15108 while prices down -240 rupee, now Jeera is getting support at 15670 and below same could see a test of 15375 level, and resistance is now likely to be seen at 16390, a move above could see prices testing 16815.

Wednesday, 21 January 2015

JEERA MARKET UNDER LONG LIQUIDATION, OPEN INTEREST DROPS 2.28%

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Jeera trading range for the day is 16000-17650 . Jeera settled down by -0.68% at 16720 due to drop in domestic demand, though lower sowing area is expected to support prices. Cloudy weather and expectation of rains in producing areas of Gujarat and Rajasthan kept the sentiments down as the rains at current stage would be prove beneficial for the standing crop. On the other hand, export demand started rising in mandis amidst reports of a fall in sowing area and production.
In Unjha, a key spot market in Gujarat, jeera edged up by 17.55 rupees to end at 16389 rupee per 100 kg
Technically market is under long liquidation as market has witnessed drop in open interest by -2.28% to settled at 15408, now Jeera is getting support at 16360 and below same could see a test of 16000 level, and resistance is now likely to be seen at 17185, a move above could see prices testing 17650.


Tuesday, 6 January 2015

NCDEX JEERA, OPEN INTEREST UP BY 6.28%

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  • Jeera trading range for the day is 14730-16190.
  • Jeera settled down by -2.66% at 15355 due to profit-booking at prevailing higher levels. Moreover, lower demand in the spot market against higher supplies from producing regions mainly kept pressure on  jeera prices. 
  • At Rajkot market, total arrivals are at 720 quintals, down by 160 quintals as against previous day.
  • Jeera exports have been 87,500 tonnes in the first six months (Apr-Sep) of 2014-15, a rise of 25% from the corresponding period of the previous. 
  • In Unjha, a key spot market in Gujarat, jeera edged down by -75.8 rupees to end at 15134.2 rupee per 100 kg.  
  • Technically market is under fresh selling as market has witnessed gain in open interest by 6.28% to settled at 11670 while prices down -420 rupee.

Wednesday, 31 December 2014

NCDEX JEERA BULLISH ON STRONG DEMAND

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  • The bullish momentum may continue to prevail in Jeera futures. Spot cumin seed gained Rs. 50-75/20kg at Unjha market on Tuesday due to demand from hedgers & overseas demand.
  • Jeera futures are expected to trade on a mixed note to positive note as strong demand from the export and lower winter sowing data may up the prices.
  • NCDEX Jeera January contract fell 1.43 percent to 15545 on Wednesday.
  • Jeera January contract is likely to trade bullish for both short term and intra day. Short term support seen at 15150 and resistance at 16150. Intra day support is seen at 15570 and resistance at 15750,”.

Thursday, 11 December 2014

NCDEX JEERA TRADED ON POSITIVE NOTE


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Jeera turns bullish on strong export demand
  • Jeera January futures traded on a positive note on Friday. Strong export demand supports the prices.
  • Jeera January contract rose 3.6 per cent to 13225 on Friday at India's National Commodity& Derivative Exchange(NCDEX).
  • Jeera January contract is likely to trade bullish for short term and sideways for intra day. Short term support seen at 12600 and resistance at 13870. Intra day support is seen at 12750 and resistance at 13100.
Jeera likely to consolidate range 12650-13000 levels with an upside bias
  • Jeera futures (Jan) is expected to consolidate in the range of 12650-13000 levels with an upside bias. Steady tone witnessed in spot cumin seed prices at Unjha market on Thursday. The condition of the crop is not good enough due to unfavourable weather conditions.