Showing posts with label soyabean NCDEX. Show all posts
Showing posts with label soyabean NCDEX. Show all posts

Thursday, 12 February 2015

AGRI COMMODITY MARKET REPORT UPDATE-13 FEB 2015


Agri Commodity Tips, free agri calls, soyabean NCDEX, NCDEX chana, NCDEX Dhaniya, NCDEX TurmericNCDEX TURMERIC April futures traded on a sluggished on Thursday(5.00pm). Turmeric spice slipped by-2.77% to 8000 level at NCDEX .Poor off take from upcountry traders are affecting Turmeric prices. Good arrivals were note din Nizamabad today as well and the prices tumbled amid thin demand. The traders are expecting this momentum to continue, keeping prices slightly on a bearish track.

NCDEX SOYABEAN April futures consolidate by 0.00% in the last trading to close at 3374 level till Thursday closing.China, the largest consumer has reportedly scraped orders of soybeans around 1.20 lakh tons during the US marketing seasons started with September 1, showing signs of weak demand.

NCDEX CHANA futures traded on a positive note on incresed demand on Thursday(5.00PM). Chana April contract gained 0.05%to 3647 levels.recovery could be noted for Chana as rains in the growing states continued to pressurize market sentiments. Rains ingrowing areas in Rajasthan, MP and UP are reportedly beneficial for the standing crop.

NCDEX DHANIYA April futures surged by 0.29% in the last trading to close at 7349 level on Thursday. Sentiment weakened further as speculators reduced their positions on the back of sluggishdemand in the market. Dhaniya is common in South Asian Middle Eastern Central Asian Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.

Tuesday, 27 January 2015

AGRI COMMODITY MARKET REPORT & LEVELS -28 JAN 2015

Chana Futures tips, Turmeric Tips, NCDEX Turmeric, soyabean NCDEX, NCDEX chana, , NCDEX Dhaniya, agri commdity tips, free agri callsNCDEX Turmeric April futures traded on a negative note on Tuesday . Turmeric spice easied by -1.03% to 8080 level on Tuesday(5.00pm) at NCDEX.Lack of strong demand amidst higher arrivals in the mandis kept trend weak for Turmeric.However with demand likely to rise in coming weeks at these lower levels, it could support the falling rates to some extent.
CS TURMERIC (APRIL) LEVELS
TREND    MIXED TO BEARISH
RESIST 2:8500 || RESIST 1:8290            
SUP1:7790 || SUP2:7500
STRATEGY: SELL ON RISE

The NCDEX Soyabean February futures surged by by 0.72% in the last trading to close at 3358 level till Tuesday closing.Rains in North-West and Central Indian and bearishness in International markets kept trend down for Soybean even as good demand in domestic markets persisted. Higher projections forglobal production could however keep a tap on the rising rates.
CS SOYABEAN (FEBRUARY) LEVELS
TREND  MIXED TO BEARISH
RESIST 2:3440 || RESIST 1:3400
SUP1:3300 || SUP2:3255
STRATEGY: SELL ON RISE

Chana futures traded on a positive note on incresed demand on Monday.Chana January contract gaine 0.55% to 3304 levels on Tuesday(5.00PM).No recovery could be noted for Chana as rains in the growing states continued to pressurize market sentiments. Rains ingrowing areas in Rajasthan, MP and UP are reportedly beneficial for the standing crop.
CS CHANA  (FEBRUARY) LEVELS                       
TREND  MIXED TO BEARISH
RESIST 2:3385 || RESIST 1:3345
SUP1:3260 || SUP2:3215
STRATEGY: SELL ON RISE

The NCDEX Dhaniya April futures eased by 4.00% in the last trading to close at 7738 level on Tuesday.Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market.Dhaniya is common in South Asian Middle Eastern Central Asian Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.
CS DHANIYA (APRIL) LEVELS
TREND   BEARISH
RESIST 2:8090 || RESIST 1: 7910             
SUP1:7650 || SUP2:7560
STRATEGY: SELL ON RISE



Tuesday, 20 January 2015

NCDEX SOYABEAN WEAKNESS , PRICE DOWN BY 0.46%

soyabean NCDEX , Soyabean Tips, agri commodity tips , free agri calls
  • Soyabean settled down by -0.46% at 3460 on oversupply of the crop in global market and on weak demand for Indian meal in export market . Soyabean trading range for the day is 3432-3504.
  • Export of soyabean meal from the country in the past year has declined sharply. According to statistics release by the Soyabean Processors Association of India (SOPA) here, export of soyabean during December 2014 was 1,94,012 tonnes as compared to 4,70,799 tonnes in the same period of last year.
  •  At the Indore spot market in top producer MP, soybean gained  13 rupee to 3418 rupee per 100 kgs.  
  • Technically market is under long liquidation as market has witnessed drop in open interest by -0.49% to settled at 89100 while prices down -16 rupee, now Soyabean is getting support at 3446 and below same could see a test of 3432 level, and resistance is now likely to be seen at 3482, a move above could see prices testing 3504.






Friday, 9 January 2015

NCDEX SOYABEAN, OPEN INTEREST UP 11.47%

soyabean NCDEX, soyabean futures, Futures trade, agri commdity tips, free agri calls, Free Agri Tips
  • Soyabean settled down by -1.08% at 3490 due to profit booking after prices seen supported on supply worries following untimely monsoon rains in India and on robust demand in export market. Prices of the bean will also be supported on fear of weak supply following reports of dry weather in Brazil, the second biggest grower of the bean.
  • Soyabean trading range for the day is 3434-3572.
  • Soyabean prices dropped due to profit booking after prices seen supported on supply worries following untimely monsoon rains in India.
  • Global soybean production is projected at a record 312.8 million tons with gains this month for Canada, Ukraine, and Paraguay.
  • At the Indore spot market in top producer MP, soybean gained  6 rupee to 3469 rupee per 100 kgs.

Thursday, 1 January 2015

NCDEX SOYABEAN BULLISH FOR SHORT TERM


soyabean NCDEX, free agri calls, Free Agri Tips, Agri Commodity Tips, Future Trading Tips
  • NCDEX Soyabean Jan futures were trading down on Thursday taking cues from the international markets and on profit booking on higher levels.
  • NCDEX Soyabean January contract slipped 0.86% to 3337 levels on Thursday.
  • Soyaa bean January contract is likely to trade bullish for short term and sideways for intra day. Short term support is seen at 3230 and resistance at 3450. “Intra day support is seen at 3340 and and resistance at 3380,”.
  • Global oilseed production for 2014/15 is projected at a record 530.7 million tons, up 1.8 million tons from last month. Foreign oilseed production accounts for most of the change on increases for soyabeans, rapeseed, and sun flower seed.

Tuesday, 25 November 2014

SOYABEAN & JEERA MARKET UNDER LONG LIQUIDATION


agri commodity tips, Free agri tips, free agri calls , Jeera NCDEX, soyabean NCDEX
Soyabean market under long liquidation, open interest drops 5.14%
Soyabean is getting support at 3331 and below same could see a test of 3314 level, and resistance is now likely to be seen at 3378, a move above could see prices testing 3408.
MUMBAI Commodity Soyabean settled down by -0.77% at 3349 on profit booking after prices gained on strong demand for United States soybean and as investors fear lower arrival after crop damaged in Maharashtra.
Technically market is under long liquidation as market has witnessed drop in open interest by -5.14% to settled at 101780 while prices down -26 rupee.
At the Indore spot market in top producer MP, soybean gained  11 rupee to 3337 rupee per 100 kgs.

Jeera market under long liquidation, open interest drops 6.57%
Jeera is getting support at 11880 and below same could see a test of 11740 level, and resistance is now likely to be seen at 12200, a move above could see prices testing 12380.
MUMBAI Commodity Jeera settled down by -0.7% at 12020 as lower demand in the spot market against increased supply from producing region kept pressure on prices. However downside seen limited due to better demand amidst moderate arrivals.
India's jeera exports has crossed 50,000 tonnes in the first four months of 2014-15, a rise of 15 per cent from the corresponding period of the previous year, industry sources said.
In Unjha, a key spot market in Gujarat, jeera edged down by -9.1 rupees to end at 12072.5 rupee per 100 kg.





Friday, 14 November 2014

Buy Kharif Maize, RM Seed


NCDEX, NCDEX Turmeric,soyabean NCDEX, Future Trading Tips
RM seed Dec NCDEX:- Prices rebounded from the low of 3842 and later closed the day at 3863 levels. If prices break the recent high of 3870 in the contract chart, expect to continue buying momentum towards 3890 followed by 3920/3960 levels. Moreover, the daily RSI seems positive. However, if prices break the immediate support of 3840, could see profit booking extending towards 3810 levels. For the day, we recommend to buy RM seed above 3870, targeting towards 3920 levels.

Turmeric Dec NCDEX :- As prices broke the support of 6520, profit booking is on cards and expect to continue the same towards 6270 levels. Break below the support could see a deep correction to 6000 levels.

Soybean Dec NCDEX :- Prices need to break above 3415 for the strong upside rallies to 3470 level. Else could see profit booking.

Kharif maize Dec NCDEX :- As prices are firmly trades above 1172, sentiments could be more positive, expecting upward bias to 1200 followed by 1220 or even higher to 1250 levels.

Strategies:-
BUY KHARIF MAIZE ON DIPS
SELL REFINED SOY OIL BELOW 585
BUY RM SEED ABOVE 3870