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

Tuesday, 2 December 2014

MAIZE MAY TRADE DOWN ON -0.83%

Agri Commodity Tips, free agri calls, maize trading, Future Trading Tips
 Maize may trade down on -0836%:->
  • Maize settled down by -0.83% at 1191 tracking weakness in spot prices and overseas prices. The prevalent low price of maize in the market may dissuade the farmers of Punjab from retaining the area under maize. As a result, the maize farmers have to sell their produce at the market price, which, at present, is between Rs 800 and Rs 900 per quintal, depending on the moisture content, for the kharif crop.
  • The state government has projected to bring 550,000 hectare under maize cultivation during the Fifth Five-Year Plan (2012-17). In 2012-13, the area under maize was 130,000 hectare; the aim was to raise it to 550,000 hectare in 2013-14.
  • Technically market is under fresh selling as market has witnessed gain in open interest by 2.65% to settled at 3870 while prices down -10 rupee.Now Maize is getting support at 1180 and below same could see a test of 1169 level, And resistance is now likely to be seen at 1204, a move above could see prices testing 1217.
Trading Idias:->
  • Maize trading range for the day is 1169-1217.
  • Maize prices ended with losses tracking weakness in spot prices and overseas prices.
  • In Nizamabad market, maize prices dropped -2 rupee to end at 1342 rupees per 10 kg.



Thursday, 27 November 2014

JEERA & MAIZE MARKET RISE ON SHORT COVERING

Free Agri Tips, free agri calls,maize trading ,jeera trading

Jeera market rises on short covering, gains at 12050:-
  • MUMBAI: Jeera settled up 0.25% at 12050 recovered from the day's low on a slight improvement in demand, yesterday market opened at 12135 and made a high of 12140 and dropped till 11930 as pressure seen on adequate stocks position in the physical market on higher supplies from producing belts also put pressure on jeera prices.
  • Jeera trading range for the day is 11830-12250. In Unjha, a key spot market in Gujarat, jeera edged down by -11.95 rupees to end at 12060.55 rupee per 100 kg.
  • Technically market is under short covering as market has witnessed drop in open interest by -2.87% to settled at 6303 while prices up 30 rupee, now Jeera is getting support at Maize trading range for the day is 1160-1182. and below same could see a test of 11830 level, and resistance is now likely to be seen at 12150, a move above could see prices testing 12250.


Maize market rises on short covering, open interest drops 2.29% :-
  • MUMBAI: Maize settled up 0.51% at 1172 on short covering after prices dropped in last few session on lackluster export demand and plentiful U.S. supplies as a record-large harvest wound down.
  • Maize trading range for the day is 1160-1182.
  • Technically market is under short covering as market has witnessed drop in open interest by -2.29% to settled at 8950 while prices up 6 rupee, now Maize is getting support at 1166 and below same could see a test of 1160 level, and resistance is now likely to be seen at 1177, a move above could see prices testing 1182.