Wednesday, 28 January 2015

AGRI COMMODITY MARKET REPORT & LEVELS FOR - 29 JAN 2015

Chana NCDEX, NCDEX Dhaniya, NCDEX soyabean, NCDEX Turmeric, free agri calls, agri commdity tips, Future Trading Tips

NCDEX Turmeric April futures traded on a positive note on Wednesday . Turmeric spice easied by 1.21% to 8180 level on Wednesday(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 2:8415 || RESIST 1:8280            
SUP1:8015 || SUP2:7890
STRATEGY: SELL ON RISE 
NCDEX Soyabean February futures eased by -0.51% in the last trading to close at 3339 level till Wednesday closing. Pick up in demand amidst expected clear skies could support the market sentiments for Soybean this week after the recent fall in rates. However bearishness in International markets prevented strong uptrend even as good demand in domestic markets persisted. Higher projections for global production could however keep a tap on the rising rates.
CS SOYABEAN (FEBRUARY) LEVELS
TREND  MIXED TO BEARISH
RESIST 2:3400 || RESIST 1:3370
SUP1:3310 || SUP2:3280
STRATEGY: SELL ON RISE


Chana futures traded on a positive note on incresed demand on Monday. Chana January contract gained 1.60% to 3360 levels on Wednesday(5.00PM). 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 BULLISH
RESIST 2:3405 || RESIST 1:3375
SUP1:3300 || SUP2:3255
STRATEGY: BUY ON DIPS


The NCDEX Dhaniya April futures eased by -0.17% in the last trading to close at 7725 level on Wednesday. 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   MIXED TO BEARISH
RESIST 2:8000 || RESIST 1: 7870             
SUP1:7575
SUP2:7400

STRATEGY: SELL ON RISE

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