CS TURMERIC TIPS
Turmeric April futures traded on a slipped on Wednesday(5.00pm)at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice decresed by -3.00% to 7775 level at NCDEX.Turmeric prices ended with gains on seasonal demand from north India and crop damage reports from south India .
TREND:MIXED TO BEARISH
R2 :8260, R1:8010,
S1:7620, S2:7480.
STRATEGY:SELL ON RISE
Turmeric April futures traded on a slipped on Wednesday(5.00pm)at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice decresed by -3.00% to 7775 level at NCDEX.Turmeric prices ended with gains on seasonal demand from north India and crop damage reports from south India .
TREND:MIXED TO BEARISH
R2 :8260, R1:8010,
S1:7620, S2:7480.
STRATEGY:SELL ON RISE
CS SOYABEAN TIPS
The NCDEX Soyabean April futures slipped by -0.30% in the last trading to close at 3358 level till Wednesday closing. Rates bounced back from the lower levels as prices found some string support at these levels.Weakness in International markets too suppressed the market sentiments.
TREND:CONSOLIDATE
R 2:3380,R1:3370,
S1:3350,S2:3340.
STRATEGY:SELL ON RISE
The NCDEX Soyabean April futures slipped by -0.30% in the last trading to close at 3358 level till Wednesday closing. Rates bounced back from the lower levels as prices found some string support at these levels.Weakness in International markets too suppressed the market sentiments.
TREND:CONSOLIDATE
R 2:3380,R1:3370,
S1:3350,S2:3340.
STRATEGY:SELL ON RISE
CS CHANA TIPS
Chana futures traded on a positive note on incresed demand on Wednesday(5.00PM).Chana April contract gained 0.11% to 3620 levels.Production of Gram in the country has been generally increasing and its production has gone upfrom 7.48 million tonnes in 2009-10 to 9.53 million tonnes in 2013-14. In order to further increase production of pulses including Gram in the 12th Plan Period, the Government is implementing National Food Security Mission (NFSM)-Pulses in 622 districts of 27 States .
TREND:MIXED TO BULLISH
R2:3655,R 1:3640,
S1:3600,S2:3575.
STRATEGY:BUY ON DIPS
CS DHANIYA TIPSChana futures traded on a positive note on incresed demand on Wednesday(5.00PM).Chana April contract gained 0.11% to 3620 levels.Production of Gram in the country has been generally increasing and its production has gone upfrom 7.48 million tonnes in 2009-10 to 9.53 million tonnes in 2013-14. In order to further increase production of pulses including Gram in the 12th Plan Period, the Government is implementing National Food Security Mission (NFSM)-Pulses in 622 districts of 27 States .
TREND:MIXED TO BULLISH
R2:3655,R 1:3640,
S1:3600,S2:3575.
STRATEGY:BUY ON DIPS
The NCDEX Dhaniya April futures surged up by 0.19% in the last trading to close at 7960 level on Wednesday. Bargain buying was seen in coriander prices as prices increased by almost Rs 100 per quintal at Kota and other mandies due possibility of crop damage to coriander crop in Rajasthan. However, fresh supplies of around 15-20 thousand bagshave been reported in local mandies .
TREND:MIXED TO BULLISH
R2:8395,R1:8180,
S1:7830,S2:7700,
STRATEGY:BUY ON DIPS
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