NCDEX, NCDEX Tips and Trend Today

NCDEX Pepper

June contract on the NCDEX decreased by Rs 300 a quintal to the last traded price (LTP) of Rs 39,700 a quintal. July and August were down by Rs 355 and Rs 365 respectively a quintal to the LTP of Rs 39850 and Rs 40125 a quintal. Pepper was expected to extend its weak trend due to subdued overseas demand because of higher price quoted for the Indian variety in the international market. Indian parity was offered at $7700 per tonne.

NCDEX Turmeric

Turmeric was sold above Rs 4,000 for a day alone in two markets, but on Monday only in Erode Cooperative Marketing Society two or three bags of turmeric sold at Rs 4,069 a quintal, due to placement of best quality turmeric for sale. He said though the Government announced the procurement of turmeric at Rs 4,000 a quintal, so far no such procurement is made by the Tanfed. The growers are also not willing to sell their produce at Rs 4,000 a quintal, as they expect minimum support price of Rs 10,000 a quintal.

NCDEX Chana

Arrivals of chana crop declined to 80000 bags while spot rates traded steadily in the range of Rs 43-44 per kg across major trading centers, as per trade reports. For Today consolidate to positive trading expected. NCDEX Chana may trade in a range bond of 4040-4200.

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NCDEX Tips and Trend For Today: Live Updates

NCDEX Chana Tips

Chana futures rose on Wednesday after falling for three successive sessions tracking a firm trend in the physical market, where low-level buying by wholesale traders pushed up prices. Arrivals of chana crop declined to about 1 lakh bags while spot rates traded steadily & were offered in the range of Rs. 43-44 per kg across major trading centers, as per trade reports. Chana is looking negative at the moment. Technical report suggest a strong support at 4050 and a critical resistance at 4150. We suggest a sell in NCDEX Chana June below 4120, Target: 4080-4040, Stoploss would be above 4140.

NCDEX Pepper Tips

Even though prices cleared the resistance of 40500 the much anticipated rally towards 41000 region has not triggered yet. While the general trend continues to be positive, a lower correction cannot be ruled out towards 39800. On the higher side, it is required to clear above 41500 to set off prolonged short covering rallies. Conversely, any trade below 37900 would dent the near term bullish view. NCDEX Pepper is looking positive at the moment. Technical report suggest a critical support at 40082 and a strong resistance at 40818. We suggest a fresh buy in NCDEX Pepper June above 40200, Target: 40600-41000, Stoploss would be above 40200.

Intraday Pics For Today

• SELL DHANIYA BELOW 3520
• SELL MAIZE ON PULLBACKS
• BUY JEERA ABOVE 1330

Agri Commodity Trend For Today

• NCDEX Chana July: In case of consistent trades below 4190, we expect continuation of selling pressure towards 4040 levels.
• NCDEX Soybean July: A break of 3430 is required for the next level bullish rally to start towards 3500 levels.
• NCDEX Chilli July: Even though general sentiments remain positive, inability to sustain above 5310 then a mild lower correction is expected towards 5080 levels.
• NCDEX Jeera July: Short covering rally is in progress towards 13250 levels. If prices were able to overcome the major obstacle of 13300 levels, the rally could extend towards 13500 levels in the immediate run.
• NCDEX Rmseed July: Inability to trade above 13 day EMA obstacle at 3772 levels then downside correction is anticipated for the day.
• NCDEX Kapas April: Sideways to lower for the day.
• NCDEX Wheat July: If prices break below the support of 1162 region with sufficient volume then we expect to see a sharp correction towards 1140 levels.
• NCDEX Maize July: A break of 1132 is required for a next turn in fall of prices towards 1115 levels for the day.
• NCDEX Turmeric July: Inability to sustain above 3756, we expect to see prices to drag lower towards 3600 followed by 3500 levels in the near term.
• MCX CPO June: A break of 543 levels is required for the next round of selling pressure to kick off.
• MCX Menthaoil June: If prices are able to prop up above 45 day EMA support of 1389 then an upsurge of prices could be seen towards 1460 region.
• MCX Cardamom July: A short covering rally is anticipated towards 1250 levels.

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NCDEX Today: Live Tips and Trend

NCDEX Pepper Tips

Pepper contracts traded higher due to tight supply situation in the market. Breaking of 40500 with robust volume may lift prices higher towards 41000 initially followed by 41400 levels. It is required to overstep 41500 to witness skyrocket prices of 42000 or even 43200 levels in the near term. On the other side, if unable to do so, then we may see prices trade sideways to lower for the day. However, the current bullish momentum may be dented only if trading occurs below below 37900 levels.

NCDEX Jeera Tips

Jeera prices are projected to trade on slightly positive note on cues from emergence of lower level buying from stockiest at spot front. Arrivals of jeera crop declined to about 10,000 bags while trades too were down at 9,000-9,500 bags at auctions held at Unjha market. Reports of declined production estimates for Syria and Turkey’s might also cushion jeera prices. However, overall trend is remaining very sluggish at spot market of Unjha as arrival at still higher a compared to usual which might weigh on sentiments.

Intraday Pics For Today

BUY NCDEX PEPPER ABOVE 40500.

SELL NCDEX MAIZE ON PULLBACKS.

NCDEX Commodity Trend For Today:

• NCDEX Chana July: If trading is consistent below 4190 levels then we expect continuation of selling pressure towards 4040 levels.
• NCDEX Soybean July: Inability to sustain above 3410 could result in a downfall towards 3275 region.
• NCDEX Chilli July: If trading is consistent above 5100 then we expect prices to trade higher towards 5300 followed by 5500 levels in the immediate run.
• NCDEX Jeera July: Short covering rally is on progress towards 13250 levels.

• NCDEX RMSEED July: Inability to trade above 13 day EMA obstacle at 3772 levels then downside correction is anticipated for the day.
• NCDEX KAPAS April 2013: If prices consistently trade above 975 levels, then we expect to see rise in prices towards 1000 levels in the near term.
• NCDEX Dhaniya July: If prices break off below 3500 then a downside correction is expected in the immediate run.
• NCDEX Turmeric July: Inability to sustain above 3756 we may see prices to drag lower towards 3600 followed by 3500 levels
• MCX MENTHAOIL June: Prices hold the support of 1340 levels. Consistent trade above the same would result in upsurge in prices towards 1400 followed by 1425 levels.
• NCDEX Maize July: In case of reliable trades below 1160 levels, we expect to see downside correction towards 1100 levels for the day.

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NCDEX Live Tips and Updates For Today

NCDEX Pepper Tips

Pepper futures prices are projected to continue the volatility with biased towards down side. According to trade sources, heavy speculative activities to take advantage of spread difference between June and July contract. However, spot activity is remaining steady in absence of proper supplies along with rising moisture content due to monsoon rains.

Pepper July futures prices traded on negative note to close at Rs 38915 levels. Stoploss triggered for the suggested sell. Support is at Rs 38760 levels and next support is at Rs 38290 levels. Resistance is at Rs 39290 levels and above this next resistance is at Rs 39730 levels.

NCDEX Jeera Tips

Jeera futures prices are projected to trade on lower note on back of subdued demand from local buyers across the major spot markets. However, reports of huge fall in Syria and Turkey’s jeera productions are also cushioning jeera prices at lower levels. However, stocks are still good which is reflecting daily arrivals which might weigh on sentiments.

Jeera July futures prices plunged by Rs 195, finally it closed at Rs 13040 levels. We mentioned in previous report about false breakout. To day prices corrected back to close on the lower side. Resistance is at Rs 13195 levels and next resistance is at Rs 13340 levels. Support is at Rs 12870 levels breach of this could correct to the next possible support of Rs 12698 levels.

NCDEX Chana Tips

Arrivals of chana crop stood declined to about 1-1.1lakh bags while spot rates were unchanged & offered in the range of Rs 43-44 per kg across major trading centers, as per trade reports. Chana futures prices traded on bearish note to close at Rs 4095 levels. Prices are making whipsaw movement. It has given a long upper shadow to signal correction ahead of the session. Resistance is at Rs 4134 and at Rs. 4192 with support at Rs.4089 and at Rs 4024.

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NCDEX Agri Commodity Tips and Report For Today

NCDEX Pepper Tips

NCDEX Pepper July ended higher by 2.07% in its last trading session. Spot rates of pepper garbled increased to Rs. 393 per kg and that of un-garbled was up at Rs. 378 per kg. Arrivals increased to 10 tons while trades too were up at 9 tons at Kochi market. Pepper futures rose, supported by dwindling stocks and a squeeze in local supplies, with domestic output is expected to fall this year. Industry officials estimate 43,000-45,000 tonnes of local pepper output in 2012, compared with 49,000 tonnes last year.

NCDEX Chana Tips

NCDEX Chana July ended higher by 3.00%. Indian Chana futures recovered on Wednesday from a 3 percent fall in the previous session as traders covered short positions, with slack supplies aiding sentiment. In Delhi, spot Chana fell 40 rupees to 4,110 in absence of festive buying. Demand for Chana is expected to pick up from July or August ahead of festivals. Production of pulses in India is expected to fall by 5.3 percent to 17.28 million tonnes in the current crop year ending in June.

NCDEX Commodity Trend-

• NCDEX Chana July: A firm resistance zone is seen at 4200-4235 levels. Inability to break above these levels may see correction continue downward.
• NCDEX Soybean July: Inability to sustain above 3410 could result in a downfall towards 3330 region.
• NCDEX Chilli July: A recovery rally may be seen towards 4890 levels.
• NCDEX Jeera July: Although a major resistance is seen at 13300 levels, a breach of the same with volume may see upside towards 13450 levels.
• NCDEX RMSEED July: If prices are able to trade above 3800, then we see the upside momentum continuing towards 3850 levels.
• NCDEX KAPAS April 2013: A break of 975 may see an uptrend towards 1000 levels in the immediate run.
• NCDEX Dhaniya July: A short covering rally may be seen towards 3700 levels for the day.
• NCDEX Turmeric July: Even though sentiments look weak, a pullback rally may be expected towards 3700 levels.

NCDEX Intraday Tips:

• BUY PEPPER ON DIPS.
• SELL CARDAMOM ON PULLBACKS.
• SELL SUGAR ON PULLBACKS.

Get Full Tips with Stoploss and Target, Just Fill The Free Trial Form.

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NCDEX Updates (Tips, Trend, Live Price) For Today

NCDEX Intraday Pics

• SELL CHANA ON PULLBACKS.
• SELL COCUD ON PULLBACKS.
• BUY PEPPER ON LOW LEVELS.

For More Fill The Free Trial Form..

NCDEX Pepper Tips

Pepper futures prices are projected to continue the recovery on extended short covering. Overall trend is remaining very volatile due to lack of proper directions. In domestic market prices were consolidating in the range of 38000-39300 levels for the last four days. A direct rise of 39850 with ample volume is required for the next bullish wave to kick start. It is trading in a Bullish pattern with having a resistance of 39868 and a support level of 38423. We suggest to buy NCDEX pepper June on low levels.

NCDEX Jeera Tips

Jeera futures prices are projected to resume down trend on poor buying interest among traders at spot front. Jeera futures are seen trading lower due to weakening export demand and likely rise in output from other major producing countries. According to traders' opinion, the export demand have declined as the buyers from overseas market limited their purchases as they are awaiting the Syrian crop to enter into the market. NCDEX Jeera is trading in a consolidate pattern with having a resistance of 12498 and a support level of 12163.

NCDEX Commodity Updates

• NCDEX Soybean July- Sideways trading for the day.
• NCDEX Chilli July- In case of consistent trades below 4780, we expect to see continuation of selling pressure towards 4400 levels.
• NCDEX Jeera July- If prices break below 12700 levels, then a major fall is expected towards 12500 levels.
• NCDEX RMSEED July- Prices have to break below 3660 for correcting lower towards 3600 region.
• NCDEX KAPAS April 2013- If prices can sustain trading above 924 levels, a pullback rally may be seen towards 950 levels.
• NCDEX Dhaniya July- Even though sentiments look weak, a mild short covering is expected towards 3570 before continuing the downtrend.

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NCDEX Tips, Trend For Today: Evening Updates

NCDEX Pepper Tips:

Pepper futures prices are projected to continue the down trend on prevailing weak sentiments across the spot markets. A major support is visible at 38000 regions. If prices holds at that level, then we could see pullback rallies to 39300 levels. Unexpected rise above 39850 is needed for the next bullish wave to re emerge in the counter. However, on the lower side, if prices puncture the support of 37600 levels then a lower correction is anticipated towards 37000 levels in the immediate run.

NCDEX Jeera Tips:

Jeera futures prices are projected to trade on slightly lower note on cues from lack of active buying interest in market. As long as 13250 caps upside, the current momentum looks weak for the day. But, it has to clear the downside support of 12700 for the bearish momentum to continue towards 12500 followed by 12400/12200 levels. However, if prices could not puntures the support then may see a pullback rally towards 13000 levels for the day.

Todays Intraday Pics-

• SELL CHILLI ON PULLBACKS
• SELL DHANIYA ON PULLBACKS
• SELL COCUD BELOW 1125

For More Info Please Fill The Free Trial Form.

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NCDEX Live Tips and Agri Commodity News For Today

NCDEX Pepper Tips

A major support is seen at 37900 levels which, if it holds, could see pullback rallies to 39000/39200 region. A direct rise above 39800 levels is needed for the next bullish wave to re enter in the counter. Conversely, on the lower side, if prices puncture the support of 37800 then a lower correction is anticipated towards 37000 levels in the immediate run. We suggest to Buy NCDEX Pepper Futures at low levels.

NCDEX Jeera Tips

NCDEX Jeera has reversed down after retesting the channel on the upside. A downfall may continue towards 12250 levels for the day. The rise on the weekly charts clearly looks corrective one i.e. an A-B-C pullback. The minimum target on the lower side is near the previous swing low i.e. 11250 and below that 10700. The resistance on the upside is pegged at 13530 levels. We suggest to Sell NCDEX Jeera Futures at high levels.

Intraday Sure Call For Today

• SELL MAIZE ON PULLBACKS.
• SELL DHANIYA ON PULLBACKS.
• SELL RMSEED ON PULLBACKS.

For More info Just fill the Free Trial Form.

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NCDEX Live Tips and Trend News For Today

NCDEX Pepper Tips

A horizontal trend line support is seen at 39200, sustained trade above the same may see a recovery rally towards 40300 followed by 40700 levels. For resuming next bullish wave, it has to break and persist above the 41000 convincingly. On the other side, a break of 39000 levels could see prices correcting lower till 38000. We suggest a trading Range: 39000-40100 above this range market may turn bullish.

NCDEX Chana Tips

Total arrivals of chana crop declined to 1.15-1.2lakh bags while the average spot rates traded firmly & were quoted in the range of Rs. 44-44.5 per kg across major trading centers. Spot rates of mentha oil again declined. A mild booking may see towards 4210 before resuming the uptrend for the day. If prices sustain to trade below 4250 then a downside correction is anticipated towards 4200.

NCDEX Jeera Tips

Spot rates for new jeera crop were unchanged & offered in the range of Rs. 126-128 per kg while the old crop was sold around Rs. 121-122 per kg. A firm support is seen at 12500 levels, holds above the same may see a pullback rally.For today in Jeera traders should go for selling at higher levels strategy, if Jeera sustains below the level of 12656 we can see the level of 12580, and above 12754 it can touch the level of 12830.

NCDEX Agri Commodity Tips For Today:

NCDEX Jeera : Sell between 12700-12720, Target: 12580, Stoploss 12830.

NCDEX Chilli :Sell below 4775, Target:: 4753-4700, Stoploss: 4825.

NCDEX Turmeric : Sell below 3690, Target: 3618-3580, Stoploss: 3740.

NCDEX Dhaniya : Sell below 3670, Target: 3600, Stoploss: 3715.

NCDEX Chana : Sell below 4245, Target: 4197, Stoploss 4290.

NCDEX Maize : Sell at 1120/1122 Target: 1111-1100, Stoploss: 1133.

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NCDEX Tips, Trend and Live Price For Today

NCDEX Pepper Tips

NCDEX Pepper futures fell as high domestic prices kept export demand at bay. Industry officials estimate 43,000-45,000 tons of local pepper output in 2012, compared with 49,000 tons last year. At Kochi, spot pepper was up 43 rupees to 39,575 rupees. Pepper futures prices are projected to trade on mixed to volatile note on back of prevailing speculative activities.

NCDEX Jeera Tips

NCDEX Jeera futures gained on shrinking supplies. In Unjha, a key market in the western state of Gujarat, the spot price fell 18.5 rupees to 13,444 rupees. Arrivals at Unjha fell to around 10,000-12,000 bags of 60 kg each from 15,000-17,000 bags daily at the start of this month. A firm support is seen at 12500 levels, holds above the same may see a pullback rally.

NCDEX Chana Tips

NCDEX Chana futures rose for a third consecutive session on Tuesday on thin domestic supplies. Production of pulses in India is expected to fall by 5.3 percent to 17.28 million tons in the current crop year ending in June, according to the farm ministry. In the Delhi spot market, Chana rose 114 rupees to 4,364. If prices are able to sustain above 4265 levels, then an upside momentum could see towards 4400 levels.

Free NCDEX Tips For Today

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss
Chilli (Jun)	Hold Buy	4830-4840	4900	4950	4795
Jeera (Jun)	Buy Above	12830	12980	13130	12720
Turmeric (Jun)	Buy Above	3760	3790	3420	3730
COCUDAKL (Jun)	Buy Above	1150	1175	1200	1130
Chana (Jun)	Sell Below	4265	4230	4190	4290
Cardamom (Jun)	Buy Above	1355	1375	1400	1340
Soya bean (Jun)	Buy Above	3360	3390	3420	3340
Soya oil (Jun)	Buy Above	735.5	738	741	734.8
Mustard seed (Jun)	Buy At 3750	--	3775	3800	3735

 

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NCDEX Live Tips and NCDEX Prices For Today

NCDEX Pepper Tips

Bullish outlook will prevail as long as prices stay above 39300 levels for the day. But for a major rally to restart, it has to break above 41000 towards a target of 41500 followed by 42000 levels. Conversely, any break of below 37800 may see downside correction in the near term.

NCDEX Pepper is trading in consolidate pattern. Now it has resistance level of 41223 and a support level of 39928. According to our research report pepper will trade between these levels. An intraday trader should Sell NCDEX pepper at higher.

NCDEX Jeera Tips

Jeera futures are projected to trade downward due to weakening in export demand. Meanwhile, the supply is expected to decline gradually as the arrival season is now coming to an end and may support the prices. A firm support is seen at 12500 levels, holds above the same may see a pullback rally.

NCDEX Jeera is trading in consolidate pattern. Now it has resistance level of 12854 and a support level of 12431. According to our research report jeera will trade between these levels. An intraday trader should Sell NCDEX jeera at higher levels.

NCDEX Chana Tips

Chana futures rose on Monday on bargain buying after a recent fall in prices, while firm spot market prices due to thin arrivals also aided buying In the Delhi spot market, Chana rose 65 rupees to 4,250 rupees per 100 kg. For today if prices are able to sustain above 4200 levels, then an upside momentum could see towards 4300 levels.

NCDEX chana is trading in consolidate pattern. Now it has resistance level of 4320 and a support level of 4210. According to our research report chana will trade between these levels. An intraday trader should Buy NCDEX chana at low.

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NCDEX Live Tips and Trend For Today

NCDEX Chana Tips

With lower output estimates coupled with negligible stocks of last year, Chana supplies may fall short of consumption demand, thus supporting the upside in the prices in the medium term. However, Chana being an essential commodity, sharp gains may be capped as government might intervene to curb the rising prices.

We Suggest to Buy NCDEX July Chana between 4230-4250, SL-4150, target 4400/4500.

NCDEX Pepper Tips

Pepper stocks with Vietnam are currently around 65-70 thousand tonnes. Thus they have ample stocks to liquate. Pepper prices are expected to trade sideways as arrivals in the domestic market have improved coupled with increased offtakes. However, fresh arrivals from Malaysia and Indonesia have commenced and that may resist prices from trading higher

NCDEX Pepper July contract - Support – 39000/38500, Resistance- 41500/42500.

NCDEX Jeera Tips

Jeera prices are likely to witness further selling pressure owing to fragile overseas demand coupled with ample supplies of spice in the domestic market. However, sharp downside in the prices are likely to be cushioned owing to lower acreage under jeera and carryover stocks in Syria.

We suggest to Sell NCDEX July Jeera between 13260-13300, SL-13560, Target 128000/12700.

NCDEX Turmeric Tips

Turmeric prices are expected to witness further selling due to ample supplies in the domestic market coupled with lower offtakes by the overseas and local buyers. Arrivals of Turmeric have although reduced in Nizamabad Erode arrivals continues to remain good at around 14-15 thousand bags daily.(each bag weighs 70-75 kgs).

We suggest to Sell NCDEX July Turmeric between 3920-3940, SL-4070, Target 3740/3685.

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NCDEX Tips and Agri Commodity Trend For Today

NCDEX Chana Tips

NCDEX Chana June, futures prices initially moved to the high of Rs 4214 level but later on it corrected back to settle at Rs 4154 level. Prices are trading along the negative channel to signal continuation of downward trend. Resistance is seen at Rs 4204 levels breach of this level then it can test Rs 4254 levels. Support is at Rs 4,095 breach of this level, then it could correct to Rs 4036. A break of 4135 may see a price correction towards 4060 levels. We suggest to sell NCDEX Chana below 4135.

NCDEX Pepper Tips

NCDEX Pepper futures looking consolidate. A break of 38000 levels with sufficient volume may see prices correcting lower towards 37000 for the day. Moreover, prices are trading well below the 13, 22, 45 day EMA resistances suggesting weakness in the near term. On the other hand, any trading above 39800 may turn prices into the bull camp again. NCDEX pepper has a strong supprt at 37060 and a resistance near 39000 levels.

NCDEX Jeera Tips

NCDEX Jeera futures looking up at the moment and may trade higher amid fall in arrivals in spot markets. Jeera futures prices are projected to continue the recovery on lower level buying. Continuous decline in arrivals at spot market of Unjha as arrival season is coming to end might support prices to move up. However, slow down in buying activity from local buyer might limit the gains during the day.

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NCDEX Tips And Trend, Agri Commodity Tips For Today

NCDEX Jeera Has reversed down after retesting the channel on the upside. The rise on the weekly charts clearly looks corrective one i.e. an A-B-C pullback. It retraced exactly 38.2% of the fall from 17520 levels to 11275 levels; this also confirms this was a wave X. The minimum target on the lower side is near the previous swing low i.e. 11250 and below that 10700. The resistance on the upside is pegged at 13530 levels.

In NCDEX pepper a stiff resistance is placed at 41000; hence, it is required to break the same with volume for it to continue the rally towards 41500 followed by 42000 levels. Meanwhile, if unable to break the same, we may see a mild profit booking towards 39780 before resuming the next bullish wave. Conversely, only a break of 38600 would negate our near term bullish view.

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NCDEX Live Trend And Commodity News For Today

In NCDEX pepper as long as prices stay above 38600, we expect near term bullishness in the counter. Therefore, we favour a further rise in prices towards 41000 followed by 41500 levels, if prices are able to clear the crucial resistance of 40700. Otherwise, a mild profit booking may be seen in the counter towards 39500 levels in the immediate run.

Chana futures fell for a second session on Monday, weighed down by a sluggish physical market and lingering concerns about government intervention to curb rising food prices. Production of pulses in India is expected to fall by 5.3 percent to 17.28 million tons in the current crop year ending in June, according to the farm ministry. In the Delhi spot market, Chana fell 72 rupees to 4,177 Rs.

Here are Some Technical DATA For NCDEX

Commodity	Intraday View	Technical Suggestion
DHANIYA June ncdex	Down	As long as 3800 ( the 13 day EMA resistance) caps the upside, then a major fall is expected towards 3600 levels
Chilli June ncdex	Up	If prices break above 5050 levels, then we expect to see a rise in prices towards 5120 levels.
Chana June ncdex	Down	If prices consistently trade below the 22 day EMA support at 4175 then near term weakness persists towards 4051 levels.
Soybean June ncdex	Down	If prices break below 3350 levels then expect to see a mild correction towards 3280 levels.
MENTHAOIL May mcx	Down	If prices are unable to trade above the 22 day EMA resistance at 1560, then deep correction may be expected towards 1410 levels.
KAPAS April 2013 ncdex	Down	If prices break the support of 975, we expect to see a lower correction towards 950 followed by 925 levels.
Turmeric June ncdex	Up	If there are consistent trades above 3950, then we may see an upside rally towards 4180 levels
JEERA June ncdex	Down	A lower correction is anticipated towards 13250 levels for the day.
Pepper June ncdex	Consolidate	As long as prices stay above 38600, we expect near term bullish in the counter. So, we favour a bull trend above 41200.

 

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NCDEX Live Tips and Trend For Today: 21st May

NCDEX Pepper Tips

Pepper futures prices are projected to continue the positive trend on lower levels buying on back of emergence of positive sentiments across the spot front. Reports of supply squeeze along with good pre monsoon showers are likely to create bullishness in pepper market. NCDEX Pepper is trading in bearish trend today and it has a strong resistance at 40323 and a major support at 39338. We suggest that it is a good time to sell pepper at higher levels for huge profit.

NCDEX Jeera Tips

Jeera futures prices are projected to recover from earlier losses supported by prevailing firm trend on good demand from local traders and exporters. However, if arrivals remain higher during the day then it might have negative impact on prices. A lower correction is anticipated towards 13250 levels for the day. NCDEX jeera is trading in consolidate manner and it has a strong resistance at 13640 and a major support at 13360. We suggest that it is a good time to buy jeera for huge profit.

NCDEX Chana Tips

It has trading in an upward sloping channel and within which it’s forming a triangular pattern. It’s currently in its wave IV of wave 3 up for which the minimum target is 4490. The support is pegged at 4190. Hence, the risk-reward ratio is quite favorable for the bulls. NCDEX Chana is trading in bull phase and it has a strong resistance at 4340 and a major support at 4228. We suggest that it is a good time to buy Chana at lower levels for huge profit.

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NCDEX Live Updates and Commodity Tips For Today: 18th May

NCDEX Chana Tips

Chana futures fell for the second straight session on Thursday, a day before the expiry of the near-month contract and tighter regulations to curb excessive speculation. Inability to trade above 4400, then a near term price correction is seen towards 4150 followed by 4120 levels. If NCDEX Chana break 4200 level with volume it can test 4050 in coming session while if it hold 4200 level we can expect chana to bounce back from this level to 4295/4335 level while upside break is above 4350 level.

NCDEX Jeera Tips

Jeera futures rose as reduced spot supplies and a pickup in local demand outweighed falling export demand following a steady rise in prices. In Unjha, spot price rose 100 rupees to 13,753 rupees per 100 kg. Production of Jeera. NCDEX Jeera is trading in a bullish form. Technically it has resistance level of 14150 and a support level of 13600. According to our research report Jeera will trade between these levels. An intraday trader should Buy NCDEX jeera above 14100 level.

NCDEX Pepper Tips

Pepper futures prices are projected to witness volatile movement du to lack of active trade participation. Buyers and sellers both are not interested in delivery through exchange due to newly introduced procedures. Pepper futures slipped on subdued export demand for Indian origin pepper, which is costlier than its overseas competitors. NCDEX Pepper is again trading in consolidate pattern. Now it has resistance level of 38600 and a support level of 37700. According to our research report pepper will trade between these levels. An intraday trader should Sell NCDEX pepper at higher price.

Free NCDEX Commodity Tips For Today

Commodity	Exchange	Contract	Action	Target 1	Target 2	Stoploss
Chilli	NCDEX	June	Buy Above 4810	4850	4900	4775
Turmeric	NCDEX	June	Buy Above 4140	4180	4220	4110
COCUDAKL	NCDEX	June	Buy Above 1225	1245	1265	1215
Soya bean	NCDEX	June	Sell Below 3380	3350	3310	3405
Cardamom	NCDEX	June	Sell Below 734	730	725	736
Soya oil	NCDEX	June	Sell Below 3865	3835	3800	3890

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NCDEX Live News and Commodity Trend For Today: 17th May

Pepper June ncdex: Inability to break and sustain above 38400 (22 day EMA) resistance could see range bound trading for the day. On the higher side, a break above 38600-38700 regions is required for a major rally to pick up targeting towards 39200 followed by 40000 in the near term. On the lower side, break of 37000 may witness a sharp correction towards 36100 levels in the immediate run.

NCDEX JUNE Sugar prices have taken support at primary trend-line and ended moderately higher on daily charts. A strong upside close by following a “spinning top” candle stick pattern is providing clear indications about the rally in sugar prices. Previous swing high 2976 would be initial target on higher side, on a convincing close above the same will extend the rally towards 61.8% Fibonacci projection of 3026 levels Prices are trading range bound and any break of 4440 may see an upside rally towards 4500/4600 levels.

Here are Technical Levels and free suggestions for NCDEX

Commodity	Contract	S2	S1	R1	R2	Trend For The Day
Chana	June	4290	4320	4385	4420	Buy above 4368
Soya Bean	June	3250	3275	3347	3395	Short Covering
RM Seed	June	3750	3782	3845	3889	Short Covering
Soya Oil	June	720	723	732	735	Buy above 727
Cardamom	June	1260	1280	1330	1350	Sideways to Positive
Jeera	June	13500	13700	14100	14250	Buy above 14100
Pepper	June	37500	37800	38350	38750	Consolidate

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