Showing posts with label maize tips. Show all posts
Showing posts with label maize tips. Show all posts

Friday, 11 November 2016

AGRI COMMODITY MARKET TIPS & LEVELS - 11 NOV 2016

Agri commodity calls, Agri Commodity Tips, Cardamom Tips, Free  Commodity Tips, Free Agri Tips, maize tips, RM Seed Tips,

Turmeric Dec futures traded on a slipped Thursday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 0.62% to 7186 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centers such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (DECEMBER) TECHNICAL VIEW: 
TREND: CONSOLIDATE 
RESISTANCE 2: 7300, 
RESISTANCE 1: 7230, 
SUPPORT 1: 7100, 
SUPPORT 2: 7050. 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Dec futures surged up by 0.46% in the last trading to close at 3044 level till Thursday closing. Expectations of rains to intensify this month will be seen as a beneficial factor in cooling down food prices including oilseeds. Therefore the near term outlook shall remain bearish for soybean. Negative cues from US markets and reports of good rains in MP region are likely to kept sentiments bearish in futures markets in the current week
SOYABEAN (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3120, 
RESISTANCE 1:3080, 
SUPPORT 1: 3000, 
SUPPORT 2: 2960. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Negative note decreased demand on Thursday (5.00PM). Gaurseed Dec contract lost -0.28% to 3238 levels. Rising export, falling stocks and reports of lower sowing area kept sentiments strong for Guar as prices found very strong support at these low levels for last few weeks. Low price realizations last year kept farmers away from sowing of this crop leading to apprehensions of falling sowing area. Short to medium term sentiments look firm as any pickup in Crude oil prices could lead to further firmness in guar prices.
GAURSEED (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 3320, 
RESISTANCE 1:3270, 
SUPPORT 1: 3220, 
SUPPORT 2: 3200. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya Dec futures slipped by -1.11% in the last trading to close at 7550 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 (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 7800, 
RESISTANCE 1: 7670, 
SUPPORT 1: 7500, 
SUPPORT 2: 7430. 
STRATEGY: SELL ON RISE 

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Wednesday, 9 November 2016

AGRI COMMODITY MARKET TIPS & LEVELS - 10 NOV 2016

Agri commodity calls, Agri Commodity Tips, Cardamom Tips, Free  Commodity Tips, Free Agri Tips, maize tips, RM Seed Tips,

Turmeric Dec futures traded on a slipped Wednesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -8.60% to 7150 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centers such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 7320, 
RESISTANCE 1: 7230, 
SUPPORT 1: 7070, 
SUPPORT 2: 7000. 
STRATEGY: SELL ON RISE

The NCDEX Soyabean Dec futures slipped by -1.30% in the last trading to close at 3029 level till Wednesday closing. Expectations of rains to intensify this month will be seen as a beneficial factor in cooling down food prices including oilseeds. Therefore the near term outlook shall remain bearish for soybean. Negative cues from US markets and reports of good rains in MP region are likely to kept sentiments bearish in futures markets in the current week.
SOYABEAN (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3090, 
RESISTANCE 1:3060, 
SUPPORT 1: 2990, 
SUPPORT 2: 2950. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Negative note decreased demand on Wednesday (5.00PM). Gaurseed Dec contract lost -2.93% to 3250 levels. Rising export, falling stocks and reports of lower sowing area kept sentiments strong for Guar as prices found very strong support at these low levels for last few weeks. Low price realizations last year kept farmers away from sowing of this crop leading to apprehensions of falling sowing area. Short to medium term sentiments look firm as any pickup in Crude oil prices could lead to further firmness in guar prices.
GAURSEED (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 3360, 
RESISTANCE 1:3300, 
SUPPORT 1: 3210, 
SUPPORT 2: 3175. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya Dec futures surged up by 0.25% in the last trading to close at 7670 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 (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7950, 
RESISTANCE 1: 7800, 
SUPPORT 1: 7500, 
SUPPORT 2: 7300. 
STRATEGY: BUY ON DIPS 

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Tuesday, 8 November 2016

AGRI COMMODITY MARKET NEWS - 09 NOV 2016

Agri commodity calls, Agri Commodity Tips, Cardamom Tips, Free  Commodity Tips, Free Agri Tips, maize tips, RM Seed Tips,
Turmeric on NCDEX settled down by -2.04% at 7212 on expectations of higher output and favorable weather condition in the producing centers. Though, good demand in spot market capped some losses. Turmeric sowing has been completed in all the producing states and crop is pest free. Sowing is almost complete across major growing states and are mostly in vegetative stage with no reports of pests and diseases.
Technically market is under fresh selling as market has witnessed gain in open interest by 1.8% to settled at 11610 while prices down -150 rupee, now Turmeric is getting support at 7086 and below same could see a test of 6958 level, And resistance is now likely to be seen at 7366, a move above could see prices testing 7518.

Soyabean on NCDEX settled down by -0.52% at 3069 due to the harvest season and weak demand for soymeal in export market. Soybean harvest is almost complete in major growing states and crop arrival will increase in coming weeks. Further, weighing on prices is robust crop progress reports from United States, the world's biggest bean producer, indicating oversupply situation in international markets. India's soymeal exports slipped 54.5% during October month compared to same period a year ago on weak demand, data from Soybean Processors Association of India (SOPA) showed. 
Technically market is under fresh selling as market has witnessed gain in open interest by 7.26% to settled at 124090, now Soyabean is getting support at 3056 and below same could see a test of 3042 level, And resistance is now likely to be seen at 3091, a move above could see prices testing 3112.

Jeera on NCDEX settled down by -1.51% at 17920 amid good sowing prospects for jeera in Gujarat and Rajasthan as the sowing season is about to commence. In the global market, jeera production is expected to witness a decline in other major producing countries such as Syria and Turkey. India imported around 2,550 ton jeera during Apr-Oct 28 as against negligible in the previous year. 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.
Technically market is under fresh selling as market has witnessed gain in open interest by 6.61% to settled at 8472, now Jeera is getting support at 17785 and below same could see a test of 17655 level, and resistance is now likely to be seen at 18095, a move above could see prices testing 18275.

Mentha Oil on MCX settled up by 1.62% at 974.2 due to rising demand and falling arrivals the physical markets. Amid fear of lower output this year and rising demand, stockists have started hoarding of mentha oil to manipulate prices. Spurt in the prices of mentha oil would raise cost of production for consumers industries which may prompt producers to revise prices of their final product upwards. 
Technically market is under fresh buying as market has witnessed gain in open interest by 3.74% to settled at 4522 while prices up 15.5 rupee, now Menthaoil is getting support at 960.5 and below same could see a test of 946.7 level, And resistance is now likely to be seen at 983.1, a move above could see prices testing 991.9.

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Monday, 7 November 2016

AGRI COMMODITY MARKET TIPS & LEVELS - 08 NOV 2016

Agri commodity calls, Agri Commodity Tips, Chana Tips, Free  Commodity Tips, Free Agri Tips, MCX Tips Services, SoyaBean  Tips, Turmeric Tips, Turmeric Dec futures traded on a surged up Monday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 1.74% to 7368 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centers such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7450, 
RESISTANCE 1: 7400, 
SUPPORT 1: 7300, 
SUPPORT 2: 7240. 
STRATEGY: BUY ON DIPS

The NCDEX Soyabean Dec futures slipped by -1.47% in the last trading to close at 3086 level till Monday closing. Expectations of rains to intensify this month will be seen as a beneficial factor in cooling down food prices including oilseeds. Therefore the near term outlook shall remain bearish for soybean. Negative cues from US markets and reports of good rains in MP region are likely to kept sentiments bearish in futures markets in the current week
SOYABEAN (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3175, 
RESISTANCE 1:3130, 
SUPPORT 1: 3060, 
SUPPORT 2: 3030. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Negative note decreased demand on Monday (5.00PM). Gaurseed Dec contract lost -1.34% to 3318 levels. Rising export, falling stocks and reports of lower sowing area kept sentiments strong for Guar as prices found very strong support at these low levels for last few weeks. Low price realizations last year kept farmers away from sowing of this crop leading to apprehensions of falling sowing area. Short to medium term sentiments look firm as any pickup in Crude oil prices could lead to further firmness in guar prices
GAURSEED (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 3390, 
RESISTANCE 1:3350, 
SUPPORT 1: 3300, 
SUPPORT 2: 3280. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya Dec futures slipped by -2.16% in the last trading to close at 7704 level on Monday. 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 (DECEMBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7970, 
RESISTANCE 1: 7840, 
SUPPORT 1: 7630, 
SUPPORT 2: 7550. 
STRATEGY: BUY ON DIPS 

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Sunday, 6 November 2016

AGRI COMMODITY MARKET NEWS & UPDATES - 07 NOV 2016

Agri commodity calls, Agri Commodity Tips, Cardamom Tips, Free  Commodity Tips, Free Agri Tips, maize tips, RM Seed Tips,

Cardamom on MCX settled up 0.16% at 1336.6 on short covering after prices seen some pressure amid a fall in physical demand in the domestic spot market. India’s Production is likely to fall by 30-40% in 2016-17 due to unfavourable weather conditions.

Technically market is under fresh buying as market has witnessed gain in open interest by 6.16% to settled at 896 while prices up 2.2 rupee, now Cardamom is getting support at 1321.5 and below same could see a test of 1306.5 level, and resistance is now likely to be seen at 1351.2, a move above could see prices testing 1365.9.

Rmseed on NCDEX settled up 2.56% at 4642 on strong demand and on lower stockpiles in the local market. According to sources, nearly 4.5 million tons of mustard seed crop have been arrived as on November 1, against total available crop 5.7 million tons of total production, including carry over stock from previous crop. 
Technically market is under fresh buying as market has witnessed gain in open interest by 3.84% to settled at 35670 while prices up 116 rupee, now Rmseed is getting support at 4559 and below same could see a test of 4477 level, and resistance is now likely to be seen at 4689, a move above could see prices testing 4737.

CPO on MCX settled down -0.58% at 515.4 on weak demand in export market. Malaysia palm oil exports during Oct 1-31 dropped 5.1% compared to a month earlier on subdued demand from China, United States, India, Pakistan, Bangladesh and Egypt, data showed. Malaysia palm oil exports slipped to 1.29 million tons during Oct 1-31 compared to 1.36 million tons for the same period a month ago, Dow Jones reported citing data from SGS, a private surveyor. India's palm oil imports from Malaysia during Oct 1-31 slipped 28.69% to 189,724 tons compared to 266,080 tons during Sep 1-30.
Technically market is under long liquidation as market has witnessed drop in open interest by -6.25% to settled at 4757 while prices down -3 rupee, now CPO is getting support at 512.3 and below same could see a test of 509.3 level, And resistance is now likely to be seen at 519, a move above could see prices testing 522.7.

Maize on NCDEX settled up 1.17% at 1388 tracking firmness in spot demand due to inconsistent quality even as maize harvest continues at rapid pace. Maize harvest continues at a fast pace in Telanagana, Karnataka and arrivals are somewhat good, but the quality of the produce is inconsistent. 
Technically market is under fresh buying as market has witnessed gain in open interest by 5.63% to settled at 20260 while prices up 16 rupee, now Maize is getting support at 1383 and below same could see a test of 1379 level, and resistance is now likely to be seen at 1390, a move above could see prices testing 1393.

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Thursday, 3 November 2016

AGRI COMMODITY MARKET NEWS REPORT - 03 NOV 2016


Cardamom
Cardamom on MCX settled up by 3.27% at 1364.7 because of fall in output and tight stocks amid good demand from exporters and stockists. There are fears of a fall of 30-40% in cardamom output during 2016-17 on year. Present dry weather in the main producing centres may limit the number of picking impacting the output. Arrivals are likely to decline from November due to dry weather. India exported 1,150 ton cardamom during Apr-Jun up 25% on year.

Technically market is under fresh buying as market has witnessed gain in open interest by 9.88% to settled at 901 while prices up 43.2 rupee, now Cardamom is getting support at 1336.2 and below same could see a test of 1307.6 level, and resistance is now likely to be seen at 1382.2, a move above could see prices testing 1399.6.

Mustard Seed
Mustard Seed on NCDEX settled down by -0.16% at 4489 tracking weakness in spot demand amid ood progress of mustard sowing in Rajasthan. The rabi sowing in the largest mustard producing state, Rajasthan has started. According to government data, Rajasthan has sown 13.7 lakh hectares as on 24th Oct 2016, up by 191.5% higher compared to last year acreage. As per agriculture ministry data, all-India acreage of mustard in the ongoing rabi season was nearly 1.9 mln ha as of Thursday, up 175.2% from a year ago. The country's production of rapeseed is expected to increase by 12.5% to 6.3 mt from a year earlier. All-India acreage of mustard in the ongoing rabi season was nearly 1.9 mln ha as of Thursday, up 175.2% from a year ago, data released by the agriculture ministry showed.

Technically now Rmseed is getting support at 4468 and below same could see a test of 4446 level, And resistance is now likely to be seen at 4505, a move above could see prices testing 4520.

Maize
Maize on NCDEX settled down by -0.14% at 1388 on profit booking after gaining earlier amid inconsistent quality even as maize harvest continues at rapid pace. 

Technically market is under fresh selling as market has witnessed gain in open interest by 1.56% to settled at 18890 while prices down -2 rupee, now Maize is getting support at 1383 and below same could see a test of 1378 level, and resistance is now likely to be seen at 1395, a move above could see prices testing 1402. 

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