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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Commodity Face: Free NCDEX Tips Today: 17 April 2015

Commodity Face Today

NCDEX Chana traded with high volatility as traders waited for some dips before initiating fresh demands in the mandis. Sentiments did remain positive but after the recent significant rise in rates, intermittent profit booking too got noted. Good domestic demand amidst falling arrivals kept trend up. Markets are however at strong psychological Resistance of 4000. 
High volatility was noted for Jeera as more profit booking were noted for the commodity after the recent strong rise in prices. Markets found strong psychological resistance at the 18000 levels. Short term some dips can be there from profit booking but overall Fundamentals  remained strong. Rising export demand amidst falling arrivals in the mandis and lower production reports kept supporting prices. Firmness in Dollar vs Re further aided the export front. An expected 25-30% lower sowing area is already keeping prices firm. Exports are rising and expected to rise further in coming weeks.

NCDEX Tips Today

NCDEX Tip for Chana: Resistance range is been found around 4036-4060 levels while a strong support level is at 3972 if NCDEX Chana cross this level then it will follow  3956 level today, Traders are recommended to sell chana at 3981 level.
NCDEX Tip for Jeera is trading on a sideways zone today with a support level at 17320 and 17200, while a strong resistance is set at 17840 if Jeera cross this level if may jump upto 18120 level. We recommend a sell in it.

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NCDEX Tips and Live Updates|Crude Updates for 16 April 2015

Crude Updates Today
In the United States is expected to grow less than crude oil stock prices have reached the highest level this year. On Wednesday, naymaiks on crude prices 5.8 per cent at $ 56.39 a barrel-mounted at the level of the closed, which has for the first time since December 23. While Brent crude prices to 2.73 per cent in recorded faster. Currently Brent crude $ 63 a barrel.
Hopes of increased crude stocks
Over the week to April 10 in the u.s. crude stocks increased less than expected. According to the u.s. Department of energy, crude oil reserves rose 48.36 million barrels reached 12.9 million barrels now. While the estimate was 41 million barrels.

NCDEX Live Updates
NCDEX May Soya bean has extended the bullish momentum by given a breakout through the “bullish flag” chart pattern on daily charts. Overall outlook remains positive and further rally can be possible towards 3775 & 3860 levels, which is an equality target of the poll length. However, downside remains support 3665 levels.

NCDEX Tips Today
We suggest a BUY Around 3665 level for Targeting 3775 with Stop loss at 3620.

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Free NCDEX SoyaBean Tips and Outlook For Today (15 April 2015)

NCDEX SoyaBean Tips Today
For the day we expect arrivals in the physical market to be steady supporting supply factors. The demand for Soybean seed for sowing would help prices to move up. Internationally rainfall in Argentina has slowed down Argentina’s soybean harvest which  supported CBOT prices to move up yesterday. It is likely to affectNCDEX prices to open on positive note at the beginning of the trading session. Overall we recommend buying NCDEX Soybean contract today.

NCDEX Soy Oil Outlook Today
NCDEX Soy Oil futures closed up by 0.5% on marginal increase in buying at the prevailing prices. CBOT Soyoil closed up by 0.84% due to expectation of increase demand of soyoil from China eCBOT is trading at 31.48 cents/lbs up by 0.48%.
Soyoil in the domestic market would be steady as demand for soyoil is high at lower prices. Further, positive sentiment in BMD palm oil market is likely to support upward movement during the day. For today we recommend to be on buying side.

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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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Free MCX NCDEX Tips and Trend Today (9-April-2015)

MCX Commodity Trend Today
MCX Cardamom May is trading low today with bearish trend. While trading below 913, expect to see lower correction towards 860/840 levels.
MCX Menthaoil April is trading low today with bearish trend. If prices break the support of 885 could see downside correction towards 878/860 levels.
MCX CPO April is trading low today with bearish trend. As prices unable to trade above 444, expect to see lower correction towards 435 levels.

NCDEX Trend Today
Mustard seed prices ended higher by 1.25 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At the NCDEX, mustard seed futures for April 2015 contract ended at Rs. 3,572 per quintal, upward by 1.25 %, after opening at Rs. 3,522 against the last ending price of Rs. 3,528. It touched the intra-day high of Rs. 3,604.
Chana prices ended higher 2.51 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for April 2015 contract ended at Rs. 3,881 per quintal, upward by 2.51 %, after opening at Rs. 3,790 against the last ending price of Rs. 3,786. It touched the intra-day high of Rs. 3,908.
Jeera prices ended higher by 3.97 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At NCDEX, jeera futures for April 2015 contract ended at Rs. 16,365/quintal, upward by 3.97 %, after opening at Rs. 15,600 against the last ending price of Rs. 15,740. It touched the intra-day high of Rs. 16,365.

NCDEX Commodity Tips Today
NCDEX Castorseed April is trading low today with bearish trend. While trading below 3650, expect to see downfall towards 3600 levels.
NCDEX RMseed April is trading high today with bullish trend, Sentiments majorly positive and expect to see upside rallies towards 3580/3620 levels.
NCDEX Soy oil April is trading high today with bullish trend, While trading abobe 594, expect to see strong rallies towards 609/612 levels.
NCDEX Cocudakl April is trading high today with bullish trend, As prices trades above 1710, expect to see strong rallies towards 1750/1770/1790 levels.
NCDEX Turmeric April is trading high today with bullish trend, If prices breaks above 7970, could see bounce back rallies towards 8100 levels.

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Live NCDEX Tips, NCDEX Outlook Today: Buy Chana (8 April 2015)

Indian Chana consolidated on Tuesday after 2 sessions of upside movement. Prices also remained supported amid declining arrivals and strong buying from the millers. Total volumes and OI declined on Tuesday compared to previous trading day. As per 2nd Advance Estimates for 2014-15, production of pulses estimated at 18.43 million MT is  lower by 1.35 million MT than the last year’s production but higher by 0.81 million MT than their average production during the last five years.Chickpea (Chana) production is estimated at 8.28 million MT vs. target of 9.30 million MT and 9.88 million MT seen during 2013-14.  A broker’s estimates of Chana crop this year is at 5.56 million MT, a fall of 15% compared to 6.51 million MT seen in 2014-15. Traders estimate is 6.5 million MT.

NCDEX Chana Indore – NCDEX Mumbai Yellow Peas Spot spread is trading at Rs. 1333/100 Kg. According to Directorate General of Commercial Intelligence and Statistics (DGCIS), Indian imports of Pulses were 3,663,570 MT during April – December 2014. This is higher compared 2,839,214 MT during April – December 2013. Pulses imports were 629,965 MT in December 2014 compared to 421,636 MT in December 2013. Additionally, Ministry of Commerce reported that Chickpea imports during April – December 2014 were 309,713 MT up by about 12% from last year, while Chickpea exports during April – December 2014 were 158,688 MT down by about 53% from last year. 

NCDEX Tips For Today: - Buy NCDEX Chana above 3775 with targets 3835-3840 and an S/L at 3741.

NCDEX Outlook: Chana could remain range bound to firm on speculation that crop loss is more than 25% in key growing regions. Support is at 3741. Resistance is at 3840.

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NCDEX Chana Tips: Live Prices for Today: 24th March

NCDEX Chana Tips, NCDEX Live Calls For 24 March, Commodity Tips, NCDEX Prices, NCDEX Trend, Live Commodity Tips, MCX Tips

 

Indian Chana ended with gains on Monday. Total volumes increased but OI continued to decline on Monday compared to previous trading day. As per 2nd Advance Estimates for 2014-15, production of pulses estimated at 18.43 million MT is lower by 1.35 million MT than the last year’s production but higher by 0.81 million MT than their average production during the last five years. Chickpea (Chana) production is estimated at 8.28 million MT vs. target of 9.30 million MT and 9.88 million MT seen during 2013-14. A broker’s estimates of Chana crop this year is at 5.5 million MT, a fall of 15% compared to 6.15 million MT seen in 2014-15.

NCDEX live Price

NCDEX Chana Indore – NCDEX Mumbai Yellow Peas Spot spread is trading at Rs. 1170/100 Kg. According to Directorate General of Commercial Intelligence and Statistics (DGCIS), Indian imports of Pulses were 3,663,570 MT during April – December 2014. This is higher compared 2,839,214 MT during April – December 2013.

Pulses imports were 629,965 MT in December 2014 compared to 421,636 MT in December 2013. Additionally, Ministry of Commerce reported that Chickpea imports during April – December 2014 were 309,713 MT up by about 12% from last year, while Chickpea exports during April – December 2014 were 158,688 MT down by about 53% from last year.

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NCDEX Updates (Tips and Trend) Today

NCDEX Chana Tips

Chana trading range for the day is 4075-4285. Support for Chana is at 4141 below that could see a test of 4075. Resistance is now seen at 4246 above that could see a resistance of 4285. In Delhi spot market, Chana jump up by 33.95 rupee to end at 4196.45 rupee per 100 kgs. The volume was noted at 97260 lots. Chana production in the current crop year, ending in June, is estimated at 7.4 million tonnes, lower than 8.22 million tonnes in the previous year.

NCDEX Jeera Tips

Jeera prices at NCDEX, April contract hit lower limit in today's trading session and continues down trend. It is trading in the range of 12252.50-12700 per quintal in today's trading session till now. Jeera Prices at NCDEX, April contract is having support at 12140 level and trading below that it likely to touch 11700 level. NCDEX Jeera is having resistance at 12800 level with a support level of 12250.

NCDEX Pepper Tips

Pepper futures (July) is likely to trade range bound with upside getting capped facing resistance near 41,000 levels. The downside is likely to remain capped 39,440 levels. Arrival from the primary markets continued to remain very thin as the farmers and the stockiest are not keen to sell.

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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.

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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.

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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

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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.

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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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