Turmeric June futures traded on a surged up on Thursday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 1.82% to 8070 level at NCDEX. Turmeric futures traded lower on NCDEX on anticipation of good sowing in next season on forecast of good rains. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices.
TURMERIC (JUNE) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 8380,
RESISTANCE 1: 8220,
SUPPORT 1: 7890,
SUPPORT 2: 7710.
STRATEGY: SELL ON RISE
The NCDEX Soya bean June futures surged up by 1.08% in the last trading to close at 3939 level till Thursday closing. The Soyabean futures edged lower on NCDEX as speculators trimmed their positions due to lower crushing demand by oil mills and forecast of good monsoon. Further, lower exports of soymeal too added pressure on commodity prices.
SOYABEAN (JUNE) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2:3980,
RESISTANCE 1:3960,
SUPPORT 1: 3910,
SUPPORT 2: 3890.
STRATEGY: SELL ON RISE
Chana futures traded on a Positive note increased demand on Thursday (5.00PM). Chana June l contract gained 1.36 % to 6105 levels. Chana futures edged marginally lower on NCDEX as participants booked profits at prevailing levels amid easing demand against ample stocks position in the spot market. Further, reports of government to relax VAT and other taxes too weighed on chana prices.
CHANA (JUNE) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 6190,
RESISTANCE 1:6150
SUPPORT 1: 6020,
SUPPORT 2: 5940.
STRATEGY: BUY ON DIPS
The NCDEX Dhaniya June futures Surged up by 1.03% in the last trading to close at 6875 level on Thursday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend.
DHANIYA (JUNE) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 6980,
RESISTANCE 1: 6930,
SUPPORT 1: 6770,
SUPPORT 2: 6660.
STRATEGY: SELL ON RISE
Get real time advice for agri commodity trading , agri commodity news , Share Market live , Intraday Trading Tips , Stock Trading Tips , Best accurate Stock Tips , Free Intraday Tips and all Market Updates.
If you don't have good knowledge about investment then you should follow the trading tips given by Epic Research.
ReplyDeleteI found it quiet interesting ,Thank you for posting the great content?I was looking for something like this?, hopefully you will keep posting such blogs?intraday stocks tips
ReplyDelete