Turmeric April futures traded on a slipped Thursday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.44% to 6828 level at NCDEX. Moderate firm trend persisted for Turmeric even as low volumes were noted in the futures market. Overall trend remained firm however for the medium term on falling stocks as demand is expected to recover after some more corrections in prices New crop arrivals are still far away from Dec onwards, and this could keep overall market sentiments bullish for the time being.
TURMERIC (APRIL) TECHNICAL VIEW:
TREND:MIXED TO BEARISH
RESISTANCE 2: 6970,
RESISTANCE 1: 6900,
SUPPORT 1: 6750,
SUPPORT 2: 6700.
STRATEGY: SELL ON RISE
The NCDEX Soyabean Jan futures slipped by -1.26% in the last trading to close at 2974 level till Thursday closing. Domestic market was supported from news of US soybean export picking up, in addition to renewed buying interest against lower price levels. News of stock limits being eased by the Maharashtra government added to the positive tone. The Government of Maharashtra has announced on Monday to cancel buying limits which implies that now plants shall be prompted to buy in bulk quantities when needed. This will be supportive for prices in coming days.
SOYABEAN (JANUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2:3030,
RESISTANCE 1:3000,
SUPPORT 1: 2950,
SUPPORT 2: 2910.
STRATEGY: SELL ON RISE
Guarseed futures traded on a Negative note decreased demand on Thursday (5.00PM). Gaurseed Jan contract lost -3.00% to 3140 levels. Firm trend was noted for Guar even as profit booking set in at the higher levels. With exports slowly picking up for the new crop amidst firm Dollar vs Rupee, falling stocks and the present low rates added to the bullish sentiments. Fundamentals remain slight firm with falling stocks in domestic and International markets.
GAURSEED (JANUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 3270,
RESISTANCE 1:3200,
SUPPORT 1: 3100,
SUPPORT 2: 3070.
STRATEGY: SELL ON RISE
The NCDEX Dhaniya Jan futures slipped by - 2.17% in the last trading to close at 7501 level on Thursday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend.
DHANIYA (JANUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 7750,
RESISTANCE 1: 7600,
SUPPORT 1: 7450,
SUPPORT 2: 7370.
STRATEGY: SELL ON RISE
Get real time advice from Our Best Advisory - Capitalstars
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA00000164
Good Information....KCTL has more than a decade of experience in Indian commodity market and providing trading solutions. I've found my answer here commodity trading
ReplyDeleteAre black cash hoarders smuggling new notes to Bangladesh?
ReplyDeleteStock Market Advisory
Best Commodity Tips
Earn a profit from the market with the help of accurate trading tips that's given by Crude Oil
ReplyDeleteJackpot Call.
Crude Oil Intraday Trading Calls
Hni Trading Tips
wow ! Nice blog Articles That you mention here They Are Really awesome.
ReplyDeletedata entry outsourcing companies in chennai