Turmeric May futures traded on a decreased on Wednesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice decreased by -3.76% to 8668 level at NCDEX. Agriculture Department estimates put turmeric production this year at around 3.7 million bagscompared with 5.2million bags a year ago. Low quality arrivals had kept pressure on prices .
TURMERIC TIPS
TREND:MIXED TO BEARISH
RESISTANCE 2:8550,
RESISTANCE 1:8480,
SUPPORT1:8272,
SUPPORT2:8210.
STRATEGY:SELL ON RISE
The NCDEX Soyabean May futures decreased by -1.81% in the last trading to close at 4042 level till Wednesday closing. After recentrecovery in rates, profit booking was noted at higher levels as weakness in International markets along with a fall in Indian market demand kept pressurizing prices. Ag Rural, Brazilian analyst, has estimated Brazil’s 2014-15 soybean crop to 93.8 million tonsfrom 93.3 million tons earlier. The production is record high, despite late plantings due to stressfollowed by dry weather initially.
SOYABEAN TIPS
TREND:MIXED TO BEARISH
RESISTANCE 2:4070,
RESISTANCE 1:4000,
SUPPORT1:3900,
SUPPORT2:3800
STRATEGY:SELL ON RISE
Chana futures traded on a positive note on decreased demand on Wednesday(5.00PM). Chana May contract surged-0.05% to 4207 levels. Production of Gram in the country has been generally increasing and its production has gone upfrom 7.48 million ton sin 2009-10 to 9.53 million. ton sin 2013-14. In order to further increaseproduction of pulses including Gram in the 12th Plan Period, the Government is implementingNational Food Security Mission (NFSM)-Pulses in 622 districts of 27 States .
CHANA TIPS
TREND:MIXED TO BEARISH
RESISTANCE 2:4300,
RESISTANCE 1:4240,
SUPPORT1:4165,
SUPPORT2:4125
STRATEGY:SELL ON RISE
The NCDEX Dhaniya MAY futures surged by 0.55% in the last trading to close at 10083 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.
DHANIYA TIPS
TURMERIC TIPS
TREND:MIXED TO BEARISH
RESISTANCE 2:8550,
RESISTANCE 1:8480,
SUPPORT1:8272,
SUPPORT2:8210.
STRATEGY:SELL ON RISE
The NCDEX Soyabean May futures decreased by -1.81% in the last trading to close at 4042 level till Wednesday closing. After recentrecovery in rates, profit booking was noted at higher levels as weakness in International markets along with a fall in Indian market demand kept pressurizing prices. Ag Rural, Brazilian analyst, has estimated Brazil’s 2014-15 soybean crop to 93.8 million tonsfrom 93.3 million tons earlier. The production is record high, despite late plantings due to stressfollowed by dry weather initially.
SOYABEAN TIPS
TREND:MIXED TO BEARISH
RESISTANCE 2:4070,
RESISTANCE 1:4000,
SUPPORT1:3900,
SUPPORT2:3800
STRATEGY:SELL ON RISE
Chana futures traded on a positive note on decreased demand on Wednesday(5.00PM). Chana May contract surged-0.05% to 4207 levels. Production of Gram in the country has been generally increasing and its production has gone upfrom 7.48 million ton sin 2009-10 to 9.53 million. ton sin 2013-14. In order to further increaseproduction of pulses including Gram in the 12th Plan Period, the Government is implementingNational Food Security Mission (NFSM)-Pulses in 622 districts of 27 States .
CHANA TIPS
TREND:MIXED TO BEARISH
RESISTANCE 2:4300,
RESISTANCE 1:4240,
SUPPORT1:4165,
SUPPORT2:4125
STRATEGY:SELL ON RISE
The NCDEX Dhaniya MAY futures surged by 0.55% in the last trading to close at 10083 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.
DHANIYA TIPS
TREND:MIXED TO SIDE WAY
RESISTANCE2:10620,
RESISTANCE 1:10300,
SUPPORT1:9950,
SUPPORT2:9860.
STRATEGY:BUY ON DIPS
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity Tips , Commodity free tips , Commodity intraday tips , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
RESISTANCE2:10620,
RESISTANCE 1:10300,
SUPPORT1:9950,
SUPPORT2:9860.
STRATEGY:BUY ON DIPS
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity Tips , Commodity free tips , Commodity intraday tips , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
although market was closed on friday still you published news for investors thanks............
ReplyDeletecommodity tips free trial