Showing posts with label ncdex jeera. Show all posts
Showing posts with label ncdex jeera. 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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Tuesday, 31 March 2015

JEERA MARKET UNDER LONG LIQUIDATION, OPEN INTEREST DROP 5.61%


NCDEX Jeera settled down by -1.16% at 14430 due to due to poor output. Recent rains in Gujarat major growing regions may affect the Jeera (Cumin Seed) standing crop. Due to unseasonal recent rains in Gujarat likely to damage Jeera quality (color damage) and production may fall by 5% current year.trading range for the day is 14075-15165.
In Unjha, a key spot market in Gujarat, jeera remains unchanged at0 rupees to end at 15230 rupee per 100 kg. Technically market is under long liquidation as market has witnessed drop in open interest by -5.61% to settled at 13824 while prices down -170 rupee, now Jeera is getting support at 14280 and below same could see a test of 14130 level, and resistance is now likely to be seen at 14580, a move above could see prices testing 14730.
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Wednesday, 11 March 2015

NCDEX JEERA WITNESS DOWN BY 0.07% AT 14950

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NCDEX Jeera trading range for the day is 14655-15225 . Jeera settled down by -0.07% at 14950 on profit-taking as arrivals in some markets started to pick up. However downside seen limited on worries about crop damage and delayed harvest of the new season crop due to unseasonal rains in many spice producing areas. At New Delhi market total arrivals are at 27000 quintals, higher by 10000 quintals as compared to previous day. 
At Jodhpur market total arrivals are at 100 quintals, lower by 900 quintals from previous trading day. 
In Unjha, a key spot market in Gujarat, jeera edged up by 144.15 rupees to end at 15366.65 rupee per 100 kg. 
Technically market is under fresh selling as market has witnessed gain in open interest by 17.17% to settled at 16236 while prices down -10 rupee, now Jeera is getting support at 14800 and below same could see a test of 14655 level, and resistance is now likely to be seen at 15085, a move above could see prices testing 15225.
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Wednesday, 18 February 2015

NCDEX JEERA SEEN FRESH BUYING, GAIN AT 14795

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NCDEX JEERA settled up by 3.97% at 14795 on concerns about lower production due to a drop in the seeded area and on a delay in local supplies. Jeera is sown from October till the beginning of December and harvesting starts in February. March-April will be the months of peak arrivals. Meanwhile, late withdrawal of South-West monsoon this season resulted in increased soil moisture, which is not beneficial to cumin seeds.  At New Delhi market sources reported arrivals at 6000 quintals, higher by 1000 quintals as compared to previous day. Export orders are diverted to India due to Geo-political tensions in Syria and Turkey.
In Unjha, a key spot market in Gujarat, jeera edged up by 478.55 rupees to end at 14978.55 rupee per 100 kg. Technically market is under fresh buying as market has witnessed gain in open interest by 0.75% to settled at 18078 while prices up 565 rupee, now Jeera is getting support at 14505 and below same could see a test of 14210 level, and resistance is now likely to be seen at 14945, a move above could see prices testing 15090.


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.

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.


Sunday, 21 December 2014

LATTEST CS AGRI NEWS UPDATE NCDEX JEERA-22 DEC 2014

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Jeera to continue bullish streak on strong demand
  • Jeera January futures traded on a positive note on Monday on back of strong export demand from overseas markets.
  • Jeera January contract rose 2.09 per cent to 13920 on Monday 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 13300 and resistance at 14650. Intra day support is seen at 13500 and resistance at 13750.
Jeera market under long liquidation, open interest drops 2.17%
  • Technically market is under long liquidation as market has witnessed drop in open interest by -2.17% to settled at 7857 while prices down -20 rupee.
  • Now Jeera is getting support at 13487 and below same could see a test of 13368 level, and resistance is now likely to be seen at 13747, a move above could see prices testing 13888.

Thursday, 18 December 2014

NCDEX JEERA NEWS UPDATED ON 18 DEC 2014


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  • Jeera January futures traded on a positive note on Thursday.
  • Jeera January contract rose 0.6 per cent to 13000 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 12900 and resistance at 13650. Intra day support is seen at 13150 and resistance at 13350.
  • Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. 

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.

Wednesday, 3 December 2014

BEST NCDEX AGRI TIPS GIVEN BY CS EXPERTS

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NCDEX TURMERIC:->
  1. TREND:MIXED TO BULIISH
  2. SUPPORT 1:6390
  3. SUPPORT 2:6340
  4. RESISTENCE 1:6480
  5. RESISTENCE 2:6530
  6. STRATEGY:BUY ON DIPS

NCDEX SOYABEAN:->
  1. TREND:BEARISH
  2. SUPPORT 1:3225
  3. SUPPORT 2:3200
  4. RESISTENCE 1:3260
  5. RESISTENCE 2:3285
  6. STRATEGY:SELL ON RISE

NCDEX CHANA:->
  1. TREND:BEARISH
  2. SUPPORT 1:3010
  3. SUPPORT 2:2970
  4. RESISTENCE 1:3070
  5. RESISTENCE 2:3100
  6. STRATEGY:SELL ON RISE

NCDEX JEERA:->
  1. TREND:CONSOLIDATION
  2. SUPPORT1:12200
  3. SUPPORT 2:12000
  4. RESISTENCE 1:12500
  5. RESISTENCE 2:12650
  6. STRATEGY:BUY ON DIPS