Tuesday, January 31, 2012

NCDEX Today (Tips and Trend): 1st Feb '12, Agri Commodity Tips

NCDEX Tips, NCDEX Trend, NCDEX Chana, NCDEX Jeera, Free NCDEX tips, NCDEX soyabean, Guarseed, free commodity tips, agri trading tips, commodity intraday tips


Agri commodities:
Kapas March 12 contract was up by 0.67% to Rs 899.70 per 20 kgs, sugar February 12 contract was up by 0.60% to Rs 2,864 per 100 kgs, menthaoil January 12 contract was up by 8.30% to Rs 1,659.90 per kg, potato March 12 contract was up by 0.54% to Rs 728.30 per 100 kgs, potatoTRWR March 12 contract was up by 0.41% to Rs 581.80 per 100 kgs while CPO January 12 contract was down by 0.41% to Rs 514.20 per 10 kgs, cardamom February 12 contract was down by 2.73% to Rs 663.80 per kg and cotton January 12 contract was down by 1.08% to Rs 17,420 per bales.


NEWS HIGHLIGHT
  • Gold edges up; heads for biggest monthly gain since aug.
  • Crude oil heads for monthly gain on signs of eu progress, tension in iran.
  • Copper gains on greek debt talks hope, stronger euro.
  • Domestic oil and oilseed trade low.

NCDEX Soybean (Feb)
Soybean is looking consolidate in its last trading session. It could get a bull trend if it manages to trade above the resistance level of 2510, else below the support level of 2380 it would be a down trend. We Suggest sell soybean on higher levels.

NCDEX Chana (Feb)
Chana is also trading in a consolidate pattern. It is having a resistance level of 3280 and a support level of 3100. It may get a bearish trend in coming trading session. An intraday trader should sell chana on higher levels.

NCDEX Pepper (Feb)
Pepper is trading between 30450-30000 levels in its last trading session. Now it has resistance level of 30500 and a support level of 28800. We suggest to sell pepper on higher levels.
 

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