NCDEX - Intraday Commodity Trading Tips Today

NCDEX INTRADAY TREND TODAY :-

On the National Commodity and Derivatives Exchange, coriander, chilli, jeera, castor seed and chana futures hit lower circuit because of panic selling in the last hour of trade on talks of cash margin being levied on soyoil futures.

Mustard seed futures also fell in tandem with soyoil. However, soybean contracts remained in the positive due to firm trend in benchmark prices on the Chicago Board of Trade and due to low domestic inventories.

Crude palm oil pared early gains on profit booking but closed higher tracking rise in prices on Bursa Malaysia Derivatives. Among spices, turmeric futures ended up 1% as demand of minimum support price by Tamil Nadu farmers supported prices.

Pepper also ended up on short covering due to tight domestic supply. However, chilli ended down 4% on high arrivals and weak export enquiries. Jeera and coriander hit lower circuits on long liquidation, as high stock of spices will expire at NCDEX warehouses, which is likely to put pressure of delivery in September.

NCDEX TRADING TIPS FOR TODAY :- 

1. SELL CHANA ON PULLBACKS

2. SELL KAPAS BELOW 1090

3. SELL CHILLI ON PULLBACKS

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NCDEX ~ Mentha Oil,Kapas,Jeera,Chana,Soyabean,Guargum Trend

Mentha Oil Trend (Mar) :- Any trade above 2320 will cause an upside trend towards 2410 

followed by 2450 levels

Kapas Trend || Tips (April) :- If prices are able to stay above 850 a mild positive bias will enter in the counter. But a major bullish view will be perceived only above 880 region. 

Jeera Trend (Apr) :- A near term weakness will prevail, if prices break below 13000 levels in the near term.

Chana Trend (Apr) :- Positive bias prevails as long as prices stay above 3820.

NCDEX Trading Tips For today :-

1. Sell chana on pullbacks

2. Buy rmseed on dips

3. Buy wheat on dips

4. Buy maize on dips

FILL THE FREE TIPS FORM for latest mcx updates and tips on mobile

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NCDEX Agri Tips, Kapas Trend, Soyabean Tips, Chana Tips 5 march 2012

KAPAS TREND 5 March :-

Kapas Trend and important levels for today is as follows :- 

Resistance 2	846.22
Resistance 1	839.54
Pivote	832.83
Support 1	820.46
Support 2	813.78

 

SOYABEAN TREND :-

Average arrivals of soya bean crop was reported steady with ~0.9-1bags arriving at MP market (3,000-3,500 bags at mandis of Indore) and about 0.38-0.4 bags each at mandis of Maharashtra & Rajasthan

CHANA TREND :- 

Profit booking at the higher levels amidst lower trading activities in the mandis ahead of the Festive season kept pressure on the rates for Chana that had shot up a low over last few weeks.

Trend likely to remain this week where improved demand is expected at the lower levels by end of week.

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MCX NCDEX Kapas Outlook and Reports

Yesterday, Kapas (March) contract closed at 853.39 and Kapas (April) contract closed at 867.68. For Today, traders are advised to buy Kapas (Mar) for long-term with stop loss placed at 760.79 and Sell for short-term with stop loss placed at 857.64. And buy Kapas (Apr) for long-term with strict stop loss placed at 763.01 and can also buy for short-term with stop loss placed at 865.72.

Technical Levels:
Kapas March, '12-
Resistance: 881.94 - 870.18.
Support1- 824.84 - 836.60.

Kapas April, '12-
Resistance2- 899.12 - 886.17.
Support1- 836.26 - 849.21.

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MCX NCDEX Kapas Reports

On Thursday, Kapas (March) contract closed at 904.48 and Kapas (April) Contract closed at 924.08. Recommendation for today, buy Kapas (Mar) contract for long-term with stop loss placed at 830.46 and buy for short-term with stop loss of 846.02. Buy Kapas (April) contract for long-term with stop loss placed at 805.42 and Buy for short-term with stop loss at 852.96.
 
Technical Levels:
Kapas March, '12-
Resistance: 931.36 - 920.29.
Support1- 888.68 - 877.60.

Kapas April, '12-
Resistance2- 951.89 - 940.43.
Support1- 907.73 - 896.27.

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MCX NCDEX Tips for Today

Chana NCDEX (Feb): The 3400 caps is expected to call for a negative session, a dip is expected towards 3252/3200. NCDEX Chana has been consolidating since september. Currently Chana is trading near the 40 WEMA which is a crucial support in the medium term.
NCDEX Guar seed (Feb): Choppy session is witnessed. For the short-term immediate support is at 11000/10000.
NCDEX Guar gum (Feb): Range bound market is likely to be in the range of 41710-37910 levels. Resistance: 41685 - 42245, Support: 38505 - 36605
MCX Mentha oil (Feb): Present technical pattern looks healthier and is expected to rise towards 1611/1651. On the downside reversal point is at 1500.

NCDEX Kapas (Apr): The Prices cleared the strong upside obstacle of 913 and triggered rallies. Now the pattern looks so bullish towards 959/986. On Wednesday, Kapas march contract closed at 912.88 and Kapas april contract was closed at 931.58. Traders are advised to buy Kapas (31 Mar) contract for long-term with a strict stop loss of 763.66 and can also buy for short-term with atop loss placed at 842.53. Buy Kapas (30 Apr) contract for long-term with a stop loss placed at 759.96 and can also buy for short-term with a stop loss placed at 849.20.
Technical Levels for Today
Kapas 31-Mar,'12:
Resistance- 952.93 - 936.42
Support: 889.34 - 872.83

Kapas 30-Apr,'12:
Resistance- 970.88 - 954.69
Support: 908.47 - 892.28

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MCX NCDEX Kapas, Chana Tips: Outlook and Reports

Kapas

On Wednesday, Kapas closed at 921.38, traders are advised to Buy Kapas (Mar) for long-term with stop loss placed at 772.45 and can also buy for short-term with stop loss placed at 809.42.
Kapas March, '12:-
Resistance2- 951.04, Resistance1- 938.82, Pivote Point 928.11
Support1- 903.94, Support2- 891.72.

Kapas April, '12:-
Resistance2- 972.05, Resistance1- 957.76, Pivote Point 943.6
Support1- 917.0, Support2- 902.71.

Chana
On Wednesday, Chana (Feb) closed at 3229. For Today, traders are advised to buy Chana (Feb) contract for long-term with stop loss placed at 3007.60 and can also sell for short-term with stop loss placed at 3307.12.

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