Monday 2 February 2015

AGRI COMMODITY MARKET REPORT & LEVELS FOR - 03 FEB 2015

Agri Commodity Tips , free agri calls, NCDEX chana, NCDEX Dhaniya, NCDEX soyabean, NCDEX TurmericNCDEX Turmeric April futures traded on a positive note on Monday . Turmeric spice surged by 0.87% to 8098 level on Monday(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 2:8280 || RESIST 1:8175            
SUP1:7970 || SUP2:7860
STRATEGY: SELL ON RISE

The NCDEX Soyabean February futures incesed by 1.17% in the last trading to close at 3445 level till Monday closing.Clear skies and improved domestic demand lent support to the market sentiments after the recent fall in rates. However bearishness in International markets prevented strong uptrend.Higher projections for global production could however keep a tap on the rising rates.
CS SOYABEAN (FEBRUARY) LEVELS
TREND  BULLISH
RESIST 2:3495 || RESIST 1:3470
SUP1:3405 || SUP2:3360
STRATEGY: BUY ON DIPS

NCDEX Chana futures traded on a consolidate note on increased demand on Monday. Chana February contract gained 0.00% to 3503 levels on Monday(5.00PM). recovery could be noted for Chana as rains in the growing states continued to pressurize market sentiments. Rains in growing areas in Rajasthan, MP and UP are reportedly beneficial for the standing crop.
CS CHANA  (FEBRUARY) LEVELS                      
TREND  MIXED TO BULLISH
RESIST 2:3555 || RESIST 1:3505
SUP1:3480 || SUP2:3455
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya April futures eased by -2.64% in the last trading to close at 7626 level on Monday. 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 2:7970 || RESIST 1: 7815             
SUP1:7560 || SUP2:7455
STRATEGY: SELL ON RISE

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2 comments:

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