Tuesday, May 15, 2012

NCDEX Live Tips and Trend, Agri Updates For Today: 15th May

NCDEX Jeera Tips

Jeera futures are likely to remain firm as the effect of sluggish domestic demand will largely be offset by stable overseas demand due to lowering of output estimates in other major producing countries such as Syria and Turkey. According to sources, jeera acreage in Syria is likely to fall by 30 percent in 2012. For today in NCDEX jeera, if it sustains below the level of 13260 we can see the level of 13130 and on the upside if it got the level of 13480 then it may also touch the level of 13590. For intraday trading one should go for sell on higher level strategy.

NCDEX Pepper Tips

Pepper futures prices are projected to continue volatile behaviors on back of speculative activities. Spot market activity is remaining subdued due to prevailing uncertainty in prices. Shifting of positions from near month to far month contracts is likely to create volatility in prices. Pepper is expected to extend its weak trend on subdued demand due to high domestic prices compared with other competing nations. NCDEX Pepper is trading in down trend. Now it has resistance level of 36525 and a support level of 35715. According to our research report pepper will trade between these levels. An intraday trader should Sell NCDEX pepper at higher.

NCDEX Chana Tips

Indian Chana futures fell for as a 20 percent special deposit margin on long positions triggered a sell-off after a rally to record highs. The new margin, which took effect from May 10, takes the total deposit to 35 percent on long positions at the NCDEX. NCDEX Chana has lose its momentum today and trading in a down trend now. For today in Chana one should go for sell on higher level strategy. If it sustains below the level of 4060 we can see the level of 3980 and on the upside if it got the level of 4230 then we can see Chana at 4290.

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