NCDEX Tips Today, Base Metal Updates for 30th April 2015

NCDEX Tips Today: 30th April 2015

• MCX CPO Apr trading down today, as prices are trading well below 441, could see downfall towards 435/432/428 levels.
• MCX Cardamom May trading in red side today While trading below 874,expect to see lower correction towards 810/800 levels.
• NCDEX Castorseed May trading bearish today, Profit booking might see towards 3700/3650 levels.
• NCDEX RMseed May is trading down, As per daily candle stick pattern suggests bearish reversal may see towards 3780/3740 levels.
• NCDEX Refined Soy Oil June has a down trend today, a mild profit booking could see towards 579 levels.
• NCDEX Dhaniya May trading bearish today, Long liquidation pressure would see towards 9890 levels. 

Base Metals Updates Today: 30th April 2015
Yesterdays’ US GDP remained bearish for the metals on slowing demand but Fed unchanged policy decision triggered dollar to fall against commodities. Copper futures capped the longest rally in six months as gains in the U.S. housing market eased concern that a slowing broader economy will erode metal demand. U.S. aluminum premiums AL-PREM have plunged by as much as 20% in the past week, reaching their lowest in more than a year as imports flood into the last remaining bright spot in a worsening global market. Lead and Zinc also gained on reduction in stocks on LME. Nickel jerked after long consolidations above $13500 on mining strike emerged supply disturbances. One can go long in the metals as risky on rally driven from euro gains and dollar weakness likely to be continued. Aluminum and nickel will remain best performer for the day. 

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MCX NCDEX Trading Suggestions and Trend Today: 28 April 2015

MCX Gold June trading Sideways to Bullish, Support at 26815-26119, Resistance at 27243-27831, Buy on Low is suggested.
MCX Silver trading Sideways to Bullish, Support at 36335-34215, Resistance at 37642-39443, Buy on Low is suggested.
MCX Crude Oil trading Sideways, Support at 3577-3451, Resistance at 3669-3819, Sell on high is suggested
MCX Natural Gas trading Sideways, Support at 159-152, Resistance at 163-170, Sell on high.
MCX Copper Apr trade in consolidate trend with support at 386-384 and a resistance at 389-391, Trading range 384-390.
MCX Lead trading Sideways to Bullish, Support at 132-130, Resistance at 134-136, Buy on Low.
MCX Aluminum trading Sideways to Bullish, Support at 115-113, Resistance at 117-119, Buy on Low.
MCX Zinc trading Sideways to Bullish, Support at 144-138, Resistance at 147-152, Buy on Low suggested
MCX Cardamom May has a down trend today, While trading below 874,expect to see lower correction towards 810/800 levels
MCX Mentha oil Apr though sideways directive moves, corrective selloffs may witness towards 970 levels.
MCX CPO Apr Prices need to break 446.20 for the bulls to persists towards 450/456 levels. Else, could see downfall towards 438/435 levels
NCDEX Castor seed May has bullish momentum today, Could continue towards 3850/3910, if prices trades above 3805 levels.
NCDEX RM seed is bullish today, As long as prices stays above 3824, could see prolongation of buying spree towards 3890/3930 levels.
NCDEX Refined Soy oil June trading down today, A mild profit booking could see towards 580 levels.
NCDEX Dhaniya May trading down today, Long liquidation pressure would see towards 9890 levels.
NCDEX Kapas Apr16 is bullish for today, Short covering rallies would see towards 970 levels.
NCDEX Turmeric May trading bullish for the day, As prices broke 8600 could see upside rallies towards 8820/9100 levels.
NCDEX Soybean June is bullish for today, As prices broke 4070, expect to see upside moves towards 4130/4160 levels.
NCDEX Chana prices prolonged its bullish sentiments and finally closed the day at 4226 levels.
NCDEX Chana: as long as prices are trading above 4134, could see upside rallies towards 4260 followed by 4282 and then even higher to 4300/4354 levels.
NCDEX Chana, positive daily RSI (14) along with increase in volumes are suggesting bullish outlook. Conversely, major weakness is seen below 3900 levels.

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Free NCDEX Tips and Trend Today (13 April 2015)

NCDEX Chana Tips and Trend Today: 13th April 2015
NCDEX Chana Apr. futures closed higher in the last trading session by 0.08% as market participants accumulated buy position due to increasing spot demand against restricted supplies in the spot market from new season crop. Unseasonal rain in March brought a heavy loss to crops of pulses. As per the Union Agriculture Ministry reports, around 11.2 lakh hectares of pulse crops damaged. 
Chana futures expected to trade on mixed to positive note as arrival of new crop in domestic market are picking up slowly. Overall sentiments look positive for Chana in long term amid expected lower output and duty-free imports allowed till Sep 2015.

NCDEX Commodity Levels and Trend dated 13th April 2015

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
Jeera	NCDEX	May	Up	16600	16780	16895	17000	17130
Turmeric	NCDEX	May	Up	8200	8280	8364	8450	8530
Coriander	NCDEX	May	Up	9200	9320	9404	9460	9570
Cardamom	MCX	May	Sideways	845	860	871	890	905
Soybean	NCDEX	Jun	Up	3490	3530	3558	3590	3620
Mustard Seed	NCDEX	May	Up	3520	3545	3587	3600	3625
Ref Soy Oil	NCDEX	Jun	Sideways	560	565	570.55	575	580
Ref	MCX	Apr	Sideways	425	429	432.4	436	440
Castor seed	NCDEX	May	Sideways	3680	3730	3772	3810	3850
Chana	NCDEX	May	Sideways	3780	3820	3867	3890	3925
Sugar	NCDEX	May	Up	2425	2445	2466	2490	2510
Kapas	NCDEX	Apr’15	Sideways	813	818	825	832	840
Cotton	MCX	Apr	Sideways	15600	15750	15850	16000	16250
Cotton Oilseed Cake	NCDEX	May	Sideways	1735	1750	1766	1780	1795
Wheat	NCDEX	May	Sideways	1435	1445	1456	1470	1485
Maize Rabi	NCDEX	May	Up	1145	1160	1173	1195	1205
Barley	NCDEX	May	Up	1130	1140	1163	1175	1195
Mentha Oil	MCX	Apr	Up	905	920	928	940	955
Guar Gum	NCDEX	May	Up	9750	9880	10000	10150	10300
Guar Seed	NCDEX	May	Up	4220	4300	4412	4480	4530

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Commodity Trend For Crude Oil and Bullions

Commodity Trend in Crude Oil

Reduction in the growth rate of China is a sharp decline in crude oil. Projected to decrease demand on NYMEX crude fell 1.5 per cent. Brent crude on the ICE doing business with the sharp decline. Indeed, China is the second largest country in the world in crude oil consumption. Declining rate of growth in the demand for crude oil could drop.

Commodity Trend For Bullions

Decline in gold and silver. But the weakness of rupee against the dollar has been growing stronger as gold. With a gain of 0.3 per cent, MCX gold is trading at Rs 31270. However, silver is still in a drop of 0.5 per cent, trading around Rs 61400. Commodity Trend For bullion has a mixed sentiments, where Gold is looking strong but the silver movement indicating a down trend in MCX Silver. Commodity Trend for Base Metals are also looking in a downtrend. Base metals are down by 0.2 to 0.7 per cent in the MCX.

Commodity Trend For Agri Products

Even today there is a sharp decline in potato. MCX potato futures trading initially took only 4 per cent lower circuit. Potatoes in the last 1 month futures have dropped 80 per cent. While still in the spot market price of potatoes is up to Rs 1,000. The futures and spot the difference in price is Rs 300. In some areas of the country has also made new crop arrivals. NCDEX wheat boom with 3 per cent is trading at Rs 1,540. 2 per cent of the soybean is trading at Rs 3,090 with osteoporosis. Red chilli declined by 1.5 per cent and the price is Rs 5,175.

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