Turmeric
September futures traded on a slipped on Wednesday (5.00pm) at India's National
Commodity & Derivatives Exchange (NCDEX). Turmeric spice decreased by
-1.10% to 7350 level at NCDEX. Turmeric found strong support at the lower
levels as pick up in demand at these lower levels amidst prospects of Monsoon
weakening in August kept supporting market sentiments. There were apprehensions
that it may adversely impact the production in non-irrigated areas, even as
reports indicate overall sowing had been good so far.
TURMERIC TIPS (SEPTEMBER) TECHNICAL VIEW:
TREND:
CONSOLIDATE
RESISTANCE
2: 7690,
RESISTANCE
1: 7550,
SUPPORT
1: 7280,
SUPPORT
2: 7130.
STRATEGY:
BUY ON DIPS
The
NCDEX Soyabean October futures Slipped by -0.16% in the last trading to close
at 3127 level till Wednesday closing. India’s soy meal prices are unable to
support the domestic bean market in current term. This is because competitive
meal price in South America has resulted in demand shift from Indian meal.
Subdued demand for oil meal had been constantly putting pressure on the entire
edible oil seed complex since past few weeks.
SOYABEAN TIPS (OCTOBER) TECHNICAL VIEW:
TREND:
CONSOLIDATE
RESISTANCE
2:3165,
RESISTANCE
1: 3145,
SUPPORT
1: 3090,
SUPPORT
2: 3055.
STRATEGY:
BUY ON DIPS
Chana
futures traded on a positive note on increased demand on Wednesday (5.00PM).
Chana May l contract gained 0.04% to 4509 levels. Chana rates recovered further
as some rise in demand at these lower levels supported the prices. Higher
arrivals amidst good sowing reports had prevented a strong recovery however.
Prospects of a week Monsoon in Aug-Sep—as projected by IMD could cause a
moderate recovery in price in coming weeks. Lower production, low stocks and
rising demand are likely to support the prices in the medium term as do
prospects of improved domestic demand.
CHANA TIPS (SEPTEMBER) TECHNICAL VIEW:
TREND:
MIXED TO BULLISH
RESISTANCE
2: 4590,
RESISTANCE
1: 4550,
SUPPORT
1: 4470,
SUPPORT
2: 4430.
STRATEGY:
BUY ON DIPS
The
NCDEX Dhaniya September futures surged up by 0.52% in the last trading to close
at 10385 level on Wednesday. Special Margin of 10% (in cash) on the Long side
will be imposed on all running contracts and yet to be launched contracts in
Coriander (DHANIYA) with effect from beginning of day Wednesday, June 03, 2015.
DHANIYA TIPS (SEPTEMBER) TECHNICAL VIEW:
TREND:
MIXED TO BEARISH
RESISTANCE
2: 10735,
RESISTANCE
1: 10540,
SUPPORT
1: 10220,
SUPPORT
2: 10100.
STRATEGY:
SELL ON RISE
Capitalstars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.
Capitalstars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.
Get real time advice for Agri Commodity Tips , free agri tips , Commodity intraday tips , Agri commodity calls , MCX Tips Services and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com
Call at 0731-6790000, 6669900.
Call at 0731-6790000, 6669900.
Buy RM Seed Sep above 4180 TGT 4200 & 4222 SL 4153-
ReplyDeleteNcdex Tips