Sunday, 18 January 2015

AGRI MARKET NEWS & TREND LEVELS FOR - 19 JAN 2015

Chana NCDEX, Dhaniya Tips, NCDEX Dhaniya , NCDEX Turmeric, NCDEX soyabean , free agri calls, agri commdity tips , Chana Tips, Turmeric Tips, Soyabean TipsNCDEX Turmeric April futures traded on a negative note on Friday .Turmeric spice surged up by -1.64% to 8972 level on Friday at NCDEX .Moderate firm trend persisted for Turmeric as low stocks and lower production reports are likely to support prices in the medium to long term.
CS TURMERIC (APRIL) LEVEL
TREND MIXED TO BEARISH                STRATEGY: SELL ON RISE
RESIST 2:9370 / RESIST 1:9180             SUP1:8800 / SUP2:8610

NCDEX Soyabean February futures surged by 0.90% in the last trading to close at 3492 level till Thursday closing . Bearishness in International markets kept trend weak for Soybean as higher production reports prevented a strong recovery for the commodity .
CS SOYABEAN (FEBRUARY) LEVEL
TREND  MIXED TO BULLISH          STRATEGY: BUY ON DIPS
RESIST 2:3500 / RESIST 1:3485         SUP1:3460 / SUP2:3440

Chana futures traded on negative note on consolidate demand on Friday .Chana January contract gained -2.61% to 3364 levels on Friday .The 2nd advance estimate by Rajasthan state agriculture department projected 12.24 lakh tons of chana this year, while it had touched 16.40 lakh tons last year.
CS CHANA  (FEBRUARY) LEVEL                        
TREND   BEARISH                           STRATEGY: SELL ON RISE
RESIST 2:3500/RESIST 1:3435            SUP1:3335/SUP2:3300

NCDEX Dhaniya April futures surged up by 2.93% in the last trading to close at 7457 level on Friday .Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market .
CS DHANIYA (APRIL) LEVEL
TREND   MIXED TO BULLISH           STRATEGY: BUY ON DIPS
RESIST 2:7730/ RESIST 1: 7600            SUP1:7265/SUP2:7065        

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