Showing posts with label Mcx Tips .. Show all posts
Showing posts with label Mcx Tips .. Show all posts

Thursday, 31 January 2019

CAPITALSTARS FRIDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 01 FEB 2019



Turmeric futures (Apr) is likely to trade sideways in the range of 6335-6465 levels. 
The downside may remain capped supported by lower level buying happening on the spot markets. The sale of turmeric at the Regulated Marketing Committee and Erode coop Marketing society has been increased. The buyers have purchased good number of turmeric bags at the Regulated Marketing Committee and also at the Erode Cooperative Marketing Society for their local demand. Regarding the price , the old turmeric was increased by Rs.100 a quintal and the root variety was decreased by Rs.150 a quintal. At the Erode Cooperative Marketing Society finger turmeric was sold at Rs.5509 to Rs.6959 a quintal, root variety was sold at Rs.5009 to Rs.5889 a quintal. Jeera futures (Mar) is likely to trade sideways in the range of 15835-16130 levels. The new jeera crop, which started coming into the benchmark Unjha market of Gujarat from last week, is being sold 23% lower from last year. This is because of high moisture content in the new crop. The new crop arrivals are from Saurashtra, and the Gondal region in Gujarat. Coriander futures (Apr) is expected to trade sideways in the range of 6540-6690 levels. The market participants are cautious & keeping a close watch on the growth of the crop. The sudden change in weather over the last 2-3 days has been considered beneficial for the standing crops. 

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CAPITALSTARS FRIDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 01 FEB 2019.

Soybean futures (Feb) is likely to witness consolidation in the range of 3800-3870 levels. 



Soybean output in Madhya Pradesh is seen rising 35.3% to 7.20 mln tn during 2018-19 (Jul-Jun), according to the second advanced estimate shared by an official from the state farm department. On CBOT, Soybean futures closed the Thursday session with most contracts 5 to 5 3/4 cents in negative territory. Meal futures were down $1.10/ton, with soy oil 25 points lower. Following the two-day meeting between US and Chinese trade reps, a White House official stated that China offered to buy 5 MMT of US soybeans. That is not expected to be a single purchase. Export sales for the week of December 20 were reported at 2.391 MMT by the USDA. Mustard futures (Feb) may face resistance near 4020-4040 levels. The upside is expected to remain capped as the market is expecting fresh stocks in the coming couple of weeks. The buyer’s interest shall be minimum for the old crop and any such offloading shall keep the physical prices under bearish tone. Meanwhile, now 2.54 lakh tonnes of balance stocks are available with Nafed & the liquidation will continue in days to come. CPO futures (Feb) is likely to trade sideways in the range of 567-575 levels. Market will likely continue to range here in anticipation of the long holiday. There is also better demand in the palm oil contracts for February and March delivery, supported by higher pricing in Indonesia. Malaysian markets will be closed on Feb. 5-6 for the Lunar New Year celebrations.

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Location: India

CAPITALSTARS FRIDAY COTTON FUTURES AGRI MARKET NEWS UPDATE 01 FEB 2019

Cotton futures (Feb) is likely to trade sideways in the range of 20400-2700 levels.
Cotton prices ruled mostly steady in Central and South India as market participants remained cautious awaiting any sign of progress on trade talks between Washington and Beijing. U.S. President Donald Trump said on Thursday he will meet with Chinese President Xi Jinping soon to try to seal a comprehensive trade deal as Trump and his top trade negotiator both cited substantial progress in two days of high-level talks. Meanwhile, export sales of upland cotton were reported at a MY high 373,100 RB for the week of 12/20, with 207,113 RB in exports. A total of 25,031 RB was sold to China, with shipments of 32,455 RB. USDA will finally get caught back up with the Export Sales reports by 22nd February. Guar seed futures (Feb) will probably face resistance near 4400 levels, while guar gum futures (Feb) may remain below 8740 levels. It is reported that there are 60% probability of El Niño conditions to form and continue through the Northern Hemisphere spring 2019. By the time Southwest Monsoon 2019 arrives, El Niño probability would be less than 50% and ENSO neutral conditions would also increase. El Niño has the power corrupt the Monsoon and is invariably related to below normal Monsoon rains. Chana futures (Mar) is expected to remain below 4230 levels with upside getting capped. The overall sentiments are weak as arrivals of new crop are likely to improve and increased availability of the government stock and the rise in selling pressure of chana by the NAFED, especially in the states of Madhya Pradesh and Rajasthan. 

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Wednesday, 30 January 2019

CAPITALSTARS THURSDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 31 JAN 2019

The downside of turmeric futures (Apr) is likely to trade sideways in the range of 6350-6450 levels. 


The sale of turmeric at Erode has been increased. The arrival of turmeric was slightly improved, similarly the sale of turmeric in the four markets were increased to 70 per cent. Regarding the price, the new finger turmeric price was increased by ₹200 a quintal and ₹100 a quintal was increased in old turmeric price. There was no major change in new and old root variety price. Jeera futures (Mar) is likely to trade sideways to down & test 15500 levels. The new jeera crop, which started coming into the benchmark Unjha market of Gujarat from last week, is being sold 23% lower from last year. This is because of high moisture content in the new crop. The new crop arrivals are from Saurashtra, and the Gondal region in Gujarat. In February, daily arrivals of the new crop may reach 50,000 bags (1 bag = 55 kg) in the Unjha market. This may push prices further down. Coriander futures (Apr) is expected to trade sideways in the range of 6540-6690 levels. The market participants are cautious & keeping a close watch on the growth of the crop. The sudden change in weather over the last 2-3 days has been considered beneficial for the standing crops. The bullish trend in cardamom futures (Feb) is likely to persist taking support near 1525 levels. At auctions, cardamom prices have started moving northwards, touching Rs.1,500/kg. Even the price of the cardamom 8 mm variety, one of the best varieties available in the country, has gone up to Rs.1,700/kg as the availability of this particular variety is scarce.

HAPPY TRADING!!!!!!!!!!!!!!!!!!
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Location: India

CAPITALSTARS THURSDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 31 JAN 2019.

Soybean futures (Feb) is likely to witness consolidation in the range of 3815-3915 levels. 



Soybean output in Madhya Pradesh is seen rising 35.3% to 7.20 mln tn during 2018-19 (Jul-Jun), according to the second advanced estimate shared by an official from the state farm department. Soybean futures settled Wednesday with most contracts 2 to 2 1/4 cents in the green. Meal futures were down 70 cents/ton, with soy oil 31 points higher. USDA will release the Fats & Oils report delayed from January on Feb. 4, with the February report released on Feb. 22.Mar 19 Soybeans closed at $9.21, up 2 cents. Mustard futures (Feb) may face resistance near 4020- 4040 levels. The upside is expected to remain capped as the market is expecting fresh stocks in the coming couple of weeks. The buyer’s interest shall be minimum for the old crop and any such offloading shall keep the physical prices under bearish tone. Meanwhile, now 2.54 lakh tonnes of balance stocks are available with Nafed & the liquidation will continue in days to come. CPO futures (Feb) is likely to trade sideways in the range of 570-580 levels. Malaysian palm oil futures rose on Wednesday, recovering from their largest fall in two weeks in the previous session, as expectations of better export data lifted market sentiment. The market participants will watch the following these data today, Cargo surveyor AmSpec releases Malaysia's Jan 1-31 palm oil export data, Cargo surveyor SGS releases Malaysia's Jan 1-31 palm oil export data, Cargo surveyor ITS releases Malaysia's Jan 1-31 palm oil export data on Jan 31.

HAPPY TRADING!!!!!!!!!!!!
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CAPITALSTARS THURSDAY COTTON FUTURES AGRI MARKET NEWS UPDATE 31 JAN 2019

Cotton futures (Feb) is likely to recover from lower levels taking support near 20800 levels. 
Cotton futures posted 21 to 26 point gains on Wednesday. Crude oil was up $0.92/barrel on the day. The US dollar index dropped 376 points lower on the day following the two-day Fed meeting. They left rates UNCH this month and noted patience with future rate adjustments. US and Chinese trade officials met in DC starting today. Traders are waiting to see what comes out of the meetings, with still a month left in the 90-day deadline. Guar seed futures (Feb) will probably remain steady taking support near 4240 levels, while guar gum futures (Feb) may remain stable above 8570 levels. A probability forecast for El Niño and La Niña (ENSO) by the IMD indicated maximum probability for ENSO neutral conditions (neither an El Niño event nor a La Niña event in February this year. Propensity towards a deficient monsoon is more during El Nino conditions & if the forecast turns to be true, then it will hamper the output of guar in 2019-20 (Oct-Sept), and positive signal to the prices. Chana futures (Mar) is expected to test 4150 levels on the lower side. The overall sentiments are weak as arrivals of new crop are likely to improve and increased availability of the government stock and the rise in selling pressure of chana by the NAFED, especially in the states of Madhya Pradesh and Rajasthan.

HAPPY TRADING!!!!!!!!!!!!
Click here to visit my website : https://bit.ly/1h8KZUM
Free Trial link : https://bit.ly/2u2GUhK
Any queries CALL US : 9977499927
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Location: India

Tuesday, 29 January 2019

CAPITALSTARS WEDNESDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 30 JAN 2019

The downside of turmeric futures (Apr) is likely to get extended towards 6300 levels taking negative cues from the spot markets. 


The price of new turmeric decreased on Tuesday. Though the arrival of new Mysore turmeric for sale was low, the price of the same did not increase. This was due to poor demand for the same from traders. New finger turmeric decreased by Rs.250 a quintal and the root variety by Rs.200 a quintal. Similarly the prices of old finger and new turmeric also decreased across all markets. Jeera futures (Mar) is likely to trade sideways in the range of 15800-16055 levels. The new jeera crop, which started coming into the benchmark Unjha market of Gujarat from last week, is being sold 23% lower from last year. This is because of high moisture content in the new crop. The new crop arrivals are from Saurashtra, and the Gondal region in Gujarat. In February, daily arrivals of the new crop may reach 50,000 bags (1 bag = 55 kg) in the Unjha market. This may push prices further down. Coriander futures (Apr) is expected to trade sideways in the range of 6540-6690 levels. The market participants are cautious & keeping a close watch on the growth of the crop. The sudden change in weather over the last 2-3 days has been considered beneficial for the standing crops. The bullish trend in cardamom futures (Feb) is likely to persist taking support near 1525 levels. At auctions, cardamom prices have started moving northwards, touching Rs.1,500/kg. Even the price of the cardamom 8 mm variety, one of the best varieties available in the country, has gone up to Rs.1,700/kg as the availability of this particular variety is scarce. 

HAPPY TRADING!!!!!!!!!!!!!!!!!!
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Any queries CALL US : 9977499927
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