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MCX Natural Gas Trend, Outlook For Today| NCDEX Live Tips 24th March
Chana resolved way up by simply 0. 44% with 3627 upon quick covering immediately after stress noticed motivated by simply soaring provides from your year plant. Throughout 2014-15, your Output associated with pulses projected with 20. 43 million tonnes is gloomier by simply some. 36% through twenty. 5 million tonnes manufactured in 2013-14. Indian probably will collect 16% decrease chana in 2014-15 through a year ago upon decrease grown region (down 16% Y-O-Y). Meanwhile, your fall in tur production as a result of unreliable rainwater circumstances throughout the monsoon season-2014.
Chana is getting support at 3590 and below same could see a test of 3553 level, and resistance is now likely to be seen at 3653, a move above could see prices testing 3679.
MCX Natural Gas Trend: 24th March
Natural gas NYMEX April contract traded in a volatile manner wherein the commodity traded lower for most part of the day however, saw cut in its losses in latter half, probably on back of immediate winter related demand NG active expiry 2% lower to $2.733 per MMBTU whereas at one point of time it was further down to $2.691 per MMBTU
MCX Natural Gas Outlook:
As per markets updates over US weather, near term expectations continue to stay for cooler temperatures in the Eastern and Central half of the country. However as we look at the 2 weeks view over US weather, weather updates are calling for change in cooler temperatures to warmer to normalized temperatures as we move into April month. While intraday position in the commodity is seen ranged, positional traders can look down to sell the commodity on pullbacks as the commodity is likely to take negative view over weather and rising supplies in near term.
NCDEX Jeera Tips: Jeera prices slipped lower from the high of 14610 and later closed the day at 14325 levels. It is necessary to breach the horizontal trend line support of 14200 levels to continue current selling pressure towards 14030 followed by 13800 regions. Moreover, daily RSI (14) is gradually turning lower, expecting a slim fall. Conversely, failure to break could see short covering rallies and only a consistent trades above 15500 could negate the intermediate weakness. Hence, recommend to sell below 14200 levels for the day.
NCDEX Chana Tips: Chana on NCDEX is looking sluggish for today, As long as 45 day EMA caps upside at 3645, expect to see downside moves towards 3600/3580 levels.
NCDEX Turmeric Live: As long as prices trading well below the 45 day EMA resistance at 8215, bearish moves could see towards 7810 followed by 7720/7530 levels in the near term
Chana is getting support at 3590 and below same could see a test of 3553 level, and resistance is now likely to be seen at 3653, a move above could see prices testing 3679.
MCX Natural Gas Trend: 24th March
Natural gas NYMEX April contract traded in a volatile manner wherein the commodity traded lower for most part of the day however, saw cut in its losses in latter half, probably on back of immediate winter related demand NG active expiry 2% lower to $2.733 per MMBTU whereas at one point of time it was further down to $2.691 per MMBTU
MCX Natural Gas Outlook:
As per markets updates over US weather, near term expectations continue to stay for cooler temperatures in the Eastern and Central half of the country. However as we look at the 2 weeks view over US weather, weather updates are calling for change in cooler temperatures to warmer to normalized temperatures as we move into April month. While intraday position in the commodity is seen ranged, positional traders can look down to sell the commodity on pullbacks as the commodity is likely to take negative view over weather and rising supplies in near term.
NCDEX Live Tips
NCDEX Jeera Tips: Jeera prices slipped lower from the high of 14610 and later closed the day at 14325 levels. It is necessary to breach the horizontal trend line support of 14200 levels to continue current selling pressure towards 14030 followed by 13800 regions. Moreover, daily RSI (14) is gradually turning lower, expecting a slim fall. Conversely, failure to break could see short covering rallies and only a consistent trades above 15500 could negate the intermediate weakness. Hence, recommend to sell below 14200 levels for the day.
NCDEX Chana Tips: Chana on NCDEX is looking sluggish for today, As long as 45 day EMA caps upside at 3645, expect to see downside moves towards 3600/3580 levels.
NCDEX Turmeric Live: As long as prices trading well below the 45 day EMA resistance at 8215, bearish moves could see towards 7810 followed by 7720/7530 levels in the near term
NCDEX Tips| NCDEX Live| NCDEX Trend| Agri Commodity Calls for 23rd March
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| NCDEX HNI Tips |
NCDEX Live Trend Today:
Turmeric futures prices resumed
For the day, turmeric futures prices are likely to show a range bound trade. Sport market activity will resume today after 3 days close therefore, heavy arrivals may notice at the spot front which might weigh on prices. According to trade sources, April onwards more new crop will arrive to the spot market creating huge pressure on prices.
Chana April contract was trading lower by 0.39 per cent to 3597 levels on Monday (11.16 am) 1.11 per cent to 3659 levels at NCDEX.
Chana April contract is likely to trade side ways for both short term and intra day. Short term support is seen at 3520 and resistance at 3710. Intra day support is seen at 3570 and resistance at3630.
Jeera prices slumped lower from the high of 14775 and later closed the day at 14610. Currently, prices are required to breach the downside support of 14530 for the following selloffs to continue towards 14450 or further lower to 14200 levels. Moreover, daily RSI (14) is still leaning downward, expecting weakness in the immediate run.
NCDEX Tips For Today : 23rd March
NCDEX Turmeric trend is looking at the overall factors, we recommend remaining on the selling side in today’s trading session.
Intraday NCDEX Tips: Sell NCDEX Apr Soy Oil between 577 – 579 levels, Stop loss at 574, Target for 586 and 587 levels
Intraday NCDEX Live Tips: Sell NCDEX April Castor Seed between 3640 – 3650 levels with stop loss at 3590 and for the Target of 3740 and 3750 levels
down trend amid fresh selling on previous recovery during Friday’s trading session. Hence, Turmeric futures prices ended the day in red at Rs.7900/quintal, down by 2.1%. The spot market at Nizamabad remained closed on Friday due to Amabasya. Since the beginning of the session futures started trading down and continuing the downtrend. Turmeric futures prices resumed
For the day, turmeric futures prices are likely to show a range bound trade. Sport market activity will resume today after 3 days close therefore, heavy arrivals may notice at the spot front which might weigh on prices. According to trade sources, April onwards more new crop will arrive to the spot market creating huge pressure on prices.
Chana April contract was trading lower by 0.39 per cent to 3597 levels on Monday (11.16 am) 1.11 per cent to 3659 levels at NCDEX.
Chana April contract is likely to trade side ways for both short term and intra day. Short term support is seen at 3520 and resistance at 3710. Intra day support is seen at 3570 and resistance at3630.
Jeera prices slumped lower from the high of 14775 and later closed the day at 14610. Currently, prices are required to breach the downside support of 14530 for the following selloffs to continue towards 14450 or further lower to 14200 levels. Moreover, daily RSI (14) is still leaning downward, expecting weakness in the immediate run.
NCDEX Tips For Today : 23rd March
NCDEX Turmeric trend is looking at the overall factors, we recommend remaining on the selling side in today’s trading session.
Intraday NCDEX Tips: Sell NCDEX Apr Soy Oil between 577 – 579 levels, Stop loss at 574, Target for 586 and 587 levels
Intraday NCDEX Live Tips: Sell NCDEX April Castor Seed between 3640 – 3650 levels with stop loss at 3590 and for the Target of 3740 and 3750 levels
NCDEX Agri Commodity Tips and Trend For Today: 18th March
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| NCDEX Tips |
NCDEX Tips, NCDEX Live, NCDEX Trend, NCDEX Report, NCDEX Today, Agri Commodity Updates Today 18th March
NCDEX Turmeric April fates exchanged on a surged upon Tuesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric zest incresed by 3.65% to 7842 level at NCDEX.Turmeric costs finished with increases on occasional interest from north India and harvest harm reports from south India.
NCDEX Soyabean April prospects sluggished up by -0.39% in the last exchanging to close at 3357 level till Tuesday shutting. Rates ricocheted back from the lower levels as costs discovered some string backing at these levels. Shortcoming in International markets excessively smothered the business sector suppositions.
NCDEX Chana fates exchanged on a negative note on diminished request on Monday(5.00PM).Chana April contract lossed -1.
09% to 3645 levels. Creation of Gram in the nation has been by and large expanding and its generation has gone up from 7.48 million tons in 2009-10 to 9.53 million tons in 2013-14. With a specific end goal to further expand creation of heartbeats incorporating Gram in the twelfth Plan Period, the Government is actualizing National Food Security Mission (NFSM)-Pulses in 622 locale of 27 States.
NCDEX Dhaniya April fates sluggished by -3.61% in the last exchanging to close at 7050 level on Tuesday. Deal purchasing was seen in coriander costs as costs expanded by very nearly Rs 100 every quintal at Kota and different mandies due probability of yield harm to coriander product in Rajasthan.However, crisp supplies of around 15-20 thousand sacks have been accounted for in nearby mandies .
