NCDEX TIPS - Weekly Outlook 27 to 31 August 2012

NCDEX Jeera Weekly Outlook :- 

Jeera opened on a negative note last week and remained bearish for most part of the week. But price managed to sustain above the important support level of 15200 in last two trading sessions. We saw a short covering in last two trading sessions of the week at important support level of 15500 . For this week Jeera has important resistance at 16300 and support at 15200. 

Jeera Trading Tips :-

Jeera is in a short term consolidate trend and one should use the strategy of sell on higher levels. If in this week Jeera sustains above the level of 16300 then we can see the level of 16700. For downside if Jeera breaks the level of 15200 we can expect the level of 14800.

NCDEX Chana Tips :- 

For this week in Chana one should go for buy on lower levels strategy, if it sustains above the level of 4850 we can see the level of 4930 and on the downside if it sustains below the level of 4690 we can see Chana at 4610.

Soyabean Weekly Report :- 

For this week in Soybean one should go for buy on lower level strategy, if it sustains above the level of 4090 we can see the level of 4160 and on the downside if it sustains below the level of 3920, we can see Soybean at 3850 level.

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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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NCDEX ~ Free Agri Commodity Tips

NCDEX Pepper Trend :- Pepper prices are projected to trade on positive note on back of fresh buying at lower levels supported by prevailing fundamentals. Overall trend is firm amid prevailing supply crunch in domestic market and good demand from north India.

NCDEX Jeera Outlook :- Jeera prices are projected to trade positive note on extended fresh buying. Reduced arrivals at spot market as traders and farmers are anticipating further improvement in prices might support jeera prices to trade on higher side.

Cardomm Trend :- Cardamom prices are projected to continue the recovery during today’s trading on cues from emergence of stockiest buying. However, revivals in climatic conditions are also supporting crop growth which might limit huge gains in prices.

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