CAPITALSTARS MONDAY COTTON FUTURES AGRI MARKET NEWS UPDATE 06 May 2019

Cotton futures (Apr) is seen to go down further & test 22000-21800 levels

  CAPITALSTARS INVESTMENT ADVISOR

India's cotton imports are likely to rise by 80% this crop year (October 2018 to September 2019), due to short supply of quality material for textile mills. Drought in the major growing & poor quality of late picked crop is poor due to the paucity of moisture in the field, have restricted the spinning millsto procure this soft commodity. Further, the demand side is also dull since the export is estimated to decline to 4.7 million bales in 2018-19, from 6.9 million last year. On the other hand, U.S cotton futures-the price setter is trading near to its seven-week low weighed down by the news that Donald Trump has said he will raise tariffs on $200bn (£152bn) of Chinese goods, because talks on a US-China trade deal are moving "too slowly". The US president tweeted that tariffs of 10% on certain goods would rise to 25% on Friday, and $325bn of untaxed goods could face 25% duties "shortly". Chana futures (May) is expected to witness more correction towards 4250 levels owing to increased selling pressure on the spot markets. Prices of pulses like chana, masur, urad and moong have been falling with increased arrival of the Rabi crop in mandis and the government offloading stock in the open market. Guar seed futures (May) will probably see correction towards 4320-4290 levels, while guar gum futures (May) is likely to plunge towards 8650-8600 levels, due to weakness in oil prices. Oil prices tumbled by more than 2 percent to $60.52 a barrel on Monday after U.S. President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking derailing months of trade talks between the world’s two biggest economies.

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CAPITALSTARS THRUSDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 11 APRIL 2019

Turmeric futures (May) is expected to witness a consolidation in the range of 6500-6800 levels.

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Spot prices of the turmericincreased at the markets in Erode on Wednesday as traders received some upcountry orders. During the past few days, the traders have received some fresh upcountry demand and purchased almost all the medium and good quality turmeric. Regarding the price, finger turmeric was up by Rs.150-200 a quintal in all the markets, but the root variety lost Rs.250. Jeera futures (May) has breached the resistance near 16300 & may from here may move ahead to see 16600 levels. In past weeks, the market participants have enlarged their positions on uptick in demand for good quality new crop. This is the reason that despite of higher arrivals prices have not fallen as there is good buying in markets. Globally, the buying interests from overseas buyers are not much as they are waiting for the new crop from Turkey and Syria which will start to arrive from May and June. Back at home, there are full hopes that indication of lower output from these origins will propel Indian cumin exports which will drive the jeera prices. Coriander futures (May) is likely to take support above 7050 levels & trade with an upside bias. The prices are firm on the spot markets because of extensive buying of all good quality colored seeds by the stockiest on the spot markets. In addition to it, export buying which is also seen is aiding to the demand keeping the prices high.

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CAPITALSTARS THRUSDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 04 APRIL 2019

A consolidation can be seen in soybean futures (Apr) in the bandwidth of 3725-3785 levels

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With better price realization, arrivals in MP mandi was observed marginally better compared to yesterday session. Total all India arrivals were observed close to 1.8 lakh bags (vs. 1.5 lakh bags) of which MP accounted for 80000 bags (vs. 50000 observed last day). Maharashtra contributed for 75 thousand bags while Rajasthan and other states contributed 15000 and 10000 bags respectively. Soy oil futures (Apr) is expected to trade sideways in the range of 730-735 levels. CPO futures (Apr) is expected to take support near 530 levels. Malaysian palm oil futures rose to a two-week high during trade on Wednesday, posting a third straight day of gains, on expectations of easing stockpiles and tracking strength in soyoil on the U.S. Chicago Board of Trade (CBOT). The Chicago May soybean oil contract gained 1.4 percent on Tuesday, and was last up 0.4 percent on Wednesday. Mustard futures (Apr) is expected to witness correction towards 3790 levels, taking support in the range of 3800 levels. Improvement in arrivals in physicalmarkets weighed on overall market sentiments. Total arrivals in country improved by 1.0 lakh bags at 6 lakh bags vs. 5 lakh bags reported previous day in which Rajasthan accounted for 3.5 lakh bags (Vs. 3 Lakh bags), MP accounting for 50000 bags (40000 bags), UP at 80 thousand bags (60000 bags), Haryana and Punjab at 50000 bags (vs.40000 bags), Gujarat at 25000 bags (vs. 15000 bags), while other states contributing for 45000 bags (unch). Improving prices helped farmers to bring their produce back to physical markets.

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147 stocks hit fresh all-time highs in May,Nifty entering consolidation phase

The Sensex, which slipped nearly a percent in May, failed to close above its crucial support placed at 35,000. It reversed its gains on May 15 after hitting an intermediate top placed near 35,993, but plenty of stocks managed to hit fresh all-time highs on the BSE.

As many as 129 stocks on the BSE hit a fresh all-time low in May. These include: Hindustan Aeronautics, ICICI Securities, S Chand, Narayana Hrudayalaya, Inox Wind, Reliance Nippon Life Asset Management, Avadh Sugar, Tube Investments, IDFC Bank, Housing Development & Infrastructure (HDIL), and Punj Lloyd.

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As many as 147 stocks hit fresh all-time highs on the BSE. These include: Abbott India, Ashok Leyland, Asian Paints, Bajaj Finance, Berger Paints, Bombay Dyeing, Nestle India, Britannia Industries, V-Mart, HDFC Bank, IndusInd Bank, Hindustan Unilever (HUL), Colgate Palmolive, Raymond, Pidilite Industries, Mphasis, MindTree, Escorts, Mahindra & Mahindra (M&M), and Dabur India.

The proportion of stocks hitting fresh all-time highs were larger than stocks hitting all-time lows. Data for May suggests that nearly 130 stocks hit fresh all-time lows, which includes mostly small and midcaps names.

Major Headlines of the day:

• Dalmia Bharat has reported a 2.6 percent decline in profit at Rs 209 crore and 8 percent increase in revenue with margin contraction of 360 basis points YoY.

• Bhushan Steel will remain in focus as Tata Steel took over the company by paying Rs 35,200 crore to financial creditors.

• South Indian Bank: RBI has imposed Rs 5 crore penalty on the bank for non-compliance in norms related to IRAC, KYC Norms, treasury function.

• Reliance Communications said it is filing appeal against as also application for stay of against the Insolvency & Bankruptcy Code order dated May 15 passed by NCLT, Mumbai bench in National Company Law Appellate Tribunal.

• Tata Chemicals has posted a 23 percent increase in March quarter profit at Rs 356 crore and 1.7 percent rise in revenue with margin expansion of 130 basis points YoY.

• UltraTech Cement: Board approved scheme of arrangement wherein the company acquires cement business of Century Textiles and Industries

Trend in FII flows:-  The FIIs were Net Value of Rs  -166.15 in the cash segment FRIDAY while the DIIs were Net Value of Rs 149.58 as per the provisional figures.

TODAY ON EARNING FRONT:-   BOMBAY BURMAH, MOTILAL OSWAL, COLGATE, MAHANAGAR GAS, JINDALWORLDWODE, JUSTDIAL, DLF, STAR PAPER, NAVLAR CORP

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AGRI COMMODITY TIPS & REPORT FOR 13 APRIL 2015

Turmeric May futures traded on a surged up on Friday(5.00pm)at India's National Commodity& Derivatives Exchange(NCDEX). Turmeric spice increased by 1.48 % to 8370 level at NCDEX.Turmeric prices ended with gains on seasonal demand from north India and crop damage reports from south India.
CS Turmeric Tips  (MAY) OVERVIEW:
TREND MIXED TO BULLISH
RESIST 2:8630
RESIST 1:8500              
SUP1:8230
SUP2:8090
STRATEGY: BUY ON DIPS
The NCDEX Soyabean May futures sluggished by -0.36% in the last trading to close at 3560 level till Friday closing. Moderate firmness in International markets helped prices recover for Soybean in Indian markets also as domestic demand starts rising in the mandis. Prospects of demand rising in the coming weeks for the summer season kept supporting the prices. Record global production hadbeen keeping pressure on prices.
CS SoyaBean Tips  (JUNE) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:3600
RESIST 1:3580
SUP1:3535
SUP2:3510
STRATEGY: SELL ON RISE
Chana futures traded on a positive note on incresed demand on Friday(5.00PM). Chana May lcontract lossed -0.03% to 3862 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.
CS Chana Tips  (MAY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3940
RESIST 1:3900
SUP1:3830
SUP2:3800
STRATEGY: SELL ON RISE
The NCDEX Dhaniya MAY futures Surged up by-3.26% in the last trading to close at 9351 level on Friday. 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 .
CS Dhaniya Tips (MAY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2: 9760
RESIST 1: 9580           
SUP1:9290
SUP2:9170     
STRATEGY: SELL ON RISE
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CHANA GAINS BY 0.7% ON SURGING DEMAND

Rising demand and expectations of a lower output pushed up Chana prices further 0.70% to Rs 3,892 per quintal in futures market today as speculators widened their positions.
At NCDEX, chana for delivery in April advanced Rs 27, or 0.70%, to Rs 3,892 per quintal with an open interest of 67,470 lots.
Similarly, the commodity for delivery in May traded higher by Rs 9, or 0.23%, at Rs 3,872 per quintal in 1,47,270 lots.
Chana prices found some strong resistance at near the psychological 4000 mark. Overall market sentiments remained firm however as crop damage prospects due to the untimely rains in North, North-West and Central India, and lower sowing reports kept sentiments firm.
Chana April contract is likely to trade bullish for both short term and intra day with short term support at 3770 and resistance at 3990. Intra day support is seen at 3840 and resistance at 3910
Chana production estimated at 8.28 million tons vs 9.53 million tons last year. Urad production expected to shrink by 5% to 16.10 lakh tons from 17 lakh tons. Moong production to fall to 14 lakh tons from 16.10 lakh tons.
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MCX CRUDE PALM OIL FALLS BY 1.7% ON LOW DEMAND

Continuing the dismal run for the fourth straight day, crude palm oil prices fell 1.69% to Rs 429.50 per 10 kg in futures trading today as speculators off-loaded positions because of a fall in demand in the spot market.
Besides, adequate stock position in the physical market following higher supplies from producing belts kept downward pressure on prices.
At MCX crude palm oil for delivery in May plummeted Rs 7.40, or 1.69%, to Rs 429.50 per 10 kg in business turnover of 665 lots.
Similarly, the oil for delivery in April contracts moved down Rs 6.30, or 1.45%, to Rs 428.90 per 10 kg in 681 lots.
The country managed to export 439,720 tons of palm and palm kernel oils to India, while 98,980 tons to China followed by 157,020 tons to Pakistan and 94,000 tons to Bangladesh. Technically market is under fresh selling as market has witnessed gain in open interest by 0.28% to settled at 3524 while prices down -2.4 rupee, now CPO is getting support at 434.9 and below same could see a test of 432.8 level, and resistance is now likely to be seen at 438.4, a move above could see prices testing 439.8.
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AGRI COMMODITY MARKET TIPS FOR -10 APRIL 2015

CS Turmeric Tips   (MAY) OVERVIEW:
TREND MIXED TO BULLISH
RESIST 2:8515
RESIST 1:8380              
SUP1:8055
SUP2:7865
STRATEGY: BUY ON DIPS
CS SoyaBean Tips (JUNE) OVERVIEW:
TREND MIXED TO BULLISH
RESIST 2:3630
RESIST 1:3600
SUP1:3555
SUP2:3535
STRATEGY: BUY ON DIPS
CS Chana Tips (MAY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:4040
RESIST 1:3950
SUP1:3800
SUP2:3755
STRATEGY: SELL ON RISE
CS Dhaniya Tips (MAY) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:10085
RESIST 1: 9875           
SUP1:9470
SUP2:9270     
STRATEGY: BUY ON DIPS
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AGRI COMMODITY MARKET REPORT -09 APRIL 2015

Turmeric May futures traded on a surged up on Wednesday(5.00pm)at India's National Commodity& Derivatives Exchange(NCDEX). Turmeric spice incresed by-1.57 % to 8022 level at NCDEX.Turmeric prices ended with gains on seasonal demand from north India and crop damage reports from south India.
The NCDEX Soyabean May futures surged up by 0.90% in the last trading to close at 3600 level till Wednesday closing. Moderate firmness in International markets helped prices recover for Soybean in Indian markets also as domestic demand starts rising in the mandis. Prospects of demand rising in the coming weeks for the summer season kept supporting the prices. Record global production had been keeping pressure on prices .
Chana futures traded on a positive note on incresed demand on Wednesday(5.00PM). Chana April contract gained 2.53% to 3894 levels. Production of Gram in the country has been generally increasing and its production has gone up from 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.
The NCDEX Dhaniya MAY futures Surged up by 3.49% in the last trading to close at 9584 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 bag shave been reported in local mandies.

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AGRI COMMODITY MARKET LEVELS FOR 09 APRIL 2015

CS Turmeric Tips  (MAY) OVERVIEW:
TREND MIXED TO BULLISH
RESIST 2:8215
RESIST 1:8130              
SUP1:7880
SUP2:7730
STRATEGY: BUY ON DIPS
CS SoyaBean Tips  (JUNE) OVERVIEW:
TREND MIXED TO BULLISH
RESIST 2:3670
RESIST 1:3635
SUP1:3560
SUP2:3515
STRATEGY: BUY ON DIPS
CS Chana Tips   (MAY) OVERVIEW:                        
TREND  MIXED TO BULLISH
RESIST 2:4000
RESIST 1:3950
SUP1:3825
SUP2:3745
STRATEGY: BUY ON DIPS
CS Dhaniya Tips (APRIL) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:9950
RESIST 1: 9750              
SUP1:9240
SUP2:8915     
STRATEGY: BUY ON DIPS
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MENTHA OIL DECLINED 0.9% ON PROFIT-BOOKING

Mentha oil prices fell by 0.9 per cent to Rs 893.80 per kg in futures trading today amid profit-booking by speculators at prevailing levels and subdued demand.

Further, adequate stock position in the physical market on higher supplies from producing belts put pressure on mentha oil prices.
At the MCX Mentha oil for delivery in April fell by Rs 8.10, or 0.90 per cent, to Rs 893.80 per kg in a business turnover of 537 lots.
Similarly, the oil for delivery in May declined by Rs 6.70, or 0.74 per cent, to Rs 904.70 per kg in 134 lots.
Technically market is under fresh buying as market has witnessed gain in open interest by 1.81% to settled at 6299 while prices up 22.5 rupee, now Menthaoil is getting support at 884.6 and below same could see a test of 867.4 level, And resistance is now likely to be seen at 912.6, a move above could see prices testing 923.4.

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