Tuesday, March 13, 2012

NCDEX Tips and Trend For Today: Buy Cardamom on Dips

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


Pepper Mar ncdex
Pepper prices slipped yesterday from a crucial support of 40200 to finally settle the day at 39750. At the same time a 45 day EMA support is visible at 39040. If prices are able to trade above the same, then we may see an upside movement towards 40000 followed by 40550/41000 levels for the day. However, the daily RSI oscillator triggered a fall from 72 to 62, implying further correction is impending towards the 37000 levels in the immediate run.

Refined soy oil Mar ncdex
Refined soy oil prices traded mildly negative before finally closing the day at 714.50 levels. A 22 day EMA support is seen at 710. However inability to break below the same may see prices trade higher to sideways for rest of the day. The bullish signals may be seen only a trade above 720 levels, which however is least anticipated. Conversely, on the lower side, a slippage past 709 may trigger for a sharp fall towards 703 levels in the immediate run.

We recommend you to buy Cardamom on dips and sell refined soy oil below Rs 709.

Here are some technical levels for NCDEX Commodities-

Commodity
R3
R2
R1
Pivot
S1
S2
S3
Chilli
(Mar)
5910
5790
5642
5522
5374
5254
5106
Jeera
(Mar)
13691
13507
13228
13044
12766
12582
12303
Pepper (Mar)
43128
42237
40993
40102
38858
37967
36723
Turmeric (Apr)
4548
4496
4392
4340
4236
4186
4080
Cardamom (Mar)
982
961
948
927
913
892
879
Soya bean (Mar)
2868
2840
2807
2779
2746
2718
2685
CPO
(Mar)
570
566
562
558
553
549
545
RM seed (Apr)
3743
3711
3668
3636
3593
3561
3518
Guar seed (Mar)
24343
23557
23103
22317
21863
21077
20623
Guar gum (Mar)
76967
74563
73007
70603
69047
66649
65087
Mentha Oil (Mar)
2493
2431
2310
2249
2128
2066
1946
Chana (Mar)
3706
3675
3625
3594
3544
3513
3463
 
 

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