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 Calls- Soyabean, Guar, Chana Tips 1 August

MCX NCDEX Trading tips today recommending about soyabean outlook, we will discuss soyabean trend, soyabean levels, NCDEX soyabean tips for the day.

Soybean futures under pressure in Indian markets on the back of higher sowing in the major producing regions. Soybean crop conditions are likely to worsen in US which may be noticed with release of Crop progress report by USDA. Though there have been reports of rains in few key soybean growing areas in US, drought (worse since 1956) over a long period has adversely affected soybean crop which may reduce soybean supply to a greater extent for 2012-13. This may lift soybean prices in international futures markets this week. 

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FREE NCDEX AGRI COMMODITY TIPS 30 July

NCDEX NEWS AND UPDATES TODAY 30 July -

Arrivals of soya bean crop declined to 25,000 bags at MP market while about 7,500-8,000 bags were reported across mandis of Maharashtra & Rajasthan, as per trade reports. 

Average price of small cardamom declined to 796.4 per kg, while the maximum price offered was down at `1,206.5 per kg, as per spice board.

Arrivals of jeera crop stood steady ~14,000-14,500 bags; however demand declined to about 12,000 bags on trader’s reluctance to buy at current high prices at Unjha auctions. 

NCDEX Chana Tips :- Chana Trend is up, we suggest Chana (Aug) Sell Below 4490 tgt1- 4445, tgt2- 4400, stop loss -4520 

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