NCDEX- Agro Commodity Outlook for tomorrow

Jeera: Jeera is expected to trade range bounded to weak tomorrow.

Pepper: Future prices are trading with positive sentiments. Buying at low level may take place in futures.

Guar: Guar seed is likely to trade with mixed sentiments during the day tomorrow. Negative side movement can be expected.

Turmeric: Traders can expect futures to trade range bound in intraday. Selling side may pull prices down.

Gur: Gur prices may trade with mixed sentiments tomorrow. Weakness may create pressure.

Potato: Short term traders should trade as per momentum. Prices may trade more at downside.

Sugar: Price may trade range bound in intraday trading session.

Chilli: Selling side pressure may come with low volume.

Mentha: Intraday traders can expect prices to trade strong tomorrow.

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NCDEX Steel Updates

NCDEX Steel Apr contract opened weak at 28350 per tonne against previous close of 28370, made the same level as an intraday high. The contract last traded at 28090 down by 280 rupees near its intraday low of 28080.

Steel future prices are falling steadily from last few days on the back of profit booking. Steel future prices are likely to fall further on weak demand and could test 27000-26300 levels within next few trading days.

Support for Steel is seen at 27000 and below that, it could see a test of 26300. While Resistance levels are 28750 and 29250 respectively. 14 days RSI for NCDEX Steel Apr contract is at 52 levels, which shows that Steel prices are on downtrend.

Positional traders can sell MCX Steel Apr contract near 28500 keeping a stop loss of 28800 and can wait for the targets of 28000-27300.

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Agro Commodity Trend For Tomorrow

Jeera: Jeera is expected to trade steady to positive tomorrow.

Pepper: Future prices are trading positive. Buying sentiments may take place in intraday. 24060 is strong support for April future.

Guar: Guar seed is likely to trade with positive sentiments during the day tomorrow.

Turmeric: Traders can expect April future to trade range bound in intraday. Selling side may pull prices down.

Chana: Chana prices may trade range bound tomorrow.

Soybean: Short term traders should trade as per momentum. Prices may trade more upside.

Mentha: Intraday traders can expect prices to trade firm.

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NCDEX Agri COmmodity Outlook for 24 Feb 2011

Jeera: Jeera is expected to trade positive tomorrow.

Pepper: Future prices are trading negative. Trade with selling position in Pepper may work in intraday for tomorrow.

Guar: Guar seed is likely to trade steady to positive during the day tomorrow.

Turmeric: Traders can expect April future to trade range bound in intraday. Buying side may push prices up.

Chana: Chana prices may trade range bound tomorrow.

Soybean: Short term traders should trade as per momentum. Prices may trade more sideways.

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NCDEX Agro Outlook for Tomorrow

Jeera: Jeera is expected to trade steady to weak tomorrow.

Pepper: Future prices are trading negative. Trade with selling position in Pepper may work well in this situation.

Guar: Guar seed is likely to trade steady to positive during the day tomorrow.

Turmeric: Traders can expect April future to trade range bound in intraday. Selling side pressure may take place.

Chana: Chana prices may trade more at downside tomorrow.

Soybean: Short term traders should trade as per momentum. Prices may trade more sideways.

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Agri Commodity Tips For Tomorrow

Jeera: Jeera is expected to trade range bounded tomorrow.

Pepper: Future prices are trading bullish. Buying is recommended for intraday profit if prices show strong bullishness.

Guar: Guar seed is likely to trade weak during the day. Small bounce back can be expected.

Turmeric: Traders can expect April future to trade range bound in intraday. Selling side pressure may be more.

Chana: Chana prices may trade more sideways tomorrow.

Soybean:
Short term traders should trade as per momentum. Prices may trade more at upside.

Mentha: Intraday traders can expect prices to trade in range of 1033 - 1079.

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NCDEX Market Outlook For Tomorrow

Jeera: Jeera is expected to trade steady to positive tomorrow.

Pepper: Future prices are trading range bounded. Buying is recommended for intraday profit if prices show some bullishness.

Guar: Guar seed is likely to trade positive at initial stage. Profit booking is expected during the day.

Turmeric: Traders can expect April future to trade weak in intraday.

Chana: Bearish tone was seen today. Chana prices may trade still range bound.

Soybean: Short term traders should trade as per momentum. Prices may trade more at upside.

Mentha: Intraday traders can expect prices to trade in range of 1154 - 1197.

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Agro COmmodity Outlook For Tomorrow

Jeera: Jeera is expected to trade firm tomorrow at initial levels. Support for Jeera December contract is at 14020 in near term.

Pepper: Future prices are showing negative trend. Selling January contract near 21850 would be good option for intraday traders.

Guar: Guar seed is likely to remain bullish. Short term traders should trade as per momentum.

Turmeric:
Traders can buy April future near 10350.

Chana: Bullish tone was seen today. Positive trend can drive Chana prices towards 2580 levels in short run.

Soybean: Short term traders trade as per momentum.

Mentha: Intraday traders can sell December future as prices are expected to fall further on short selling.

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Commodity Tips- Evening Updates

Gold (February Futures): Buy - 20570, SL - 20 520 and the target - 20 710

Silver (March Futures): Buy - 44 500, SL - 44350 and the target - 44 800

NCDEX Chana (January Futures): Buy - 2540, SL - 2503 and target - 2610

Cotton NCDEX (April Futures): Buy - 730, SL - 715 and the target - 760

Crude oil (January Futures): Buy - 4050, SL - 4000 and target - 4120

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Commodity Tips for Today: 15 Dec 2010

Gold MCX (February Futures): Sell - 20740, SL - 20850 and the target - 20 500


MCX silver (March Futures): Sell - 44950, SL - 44250 and the target - 43900


NCDEX pepper (January Futures): Sell - 22 200, SL - 22,500 and the target - 21 600


Soybean NCDEX (January Futures): Sell - 2280, SL - 2315 and target - 2230

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Commodity Alert- FREE MCX and NCDEX Tips For Today

Silver (December Futures): Buy - 41 950, Steugpalugss - 41 680 and the target - 42 450

Gold (December futures): Buy - 20 500, SL - 20 440 and the target - 20 630


Crude Oil (December Futures): Buy - 3790, SL - 3750 and target - 3850


Gram (December Futures): Buy - 2500, SL - 2475 and target - 2550


Soybean (December Futures): Buy - 2275, SL - 2250 and target - 2325

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NCDEX Chana remains down on weak demand

Chana futures continued to trade down on the NCDEX counter due to profit selling triggered by lower demand amid strong arrivals in the spot market on Saturday.

NCDEX chana November contract edged down Rs 6 at Rs 2,387 a quintal. It so far moved between Rs 2,395- 2,386 a quintal. Volume in the October contract recorded at 3,730 tons.

NCDEX December contract traded at Rs 2,429 a quintal, down Rs four and traded between Rs 2,437 and 2,427 a quintal. Volume so far recorded at 2,400 tons.

Weak sentiments prevailed across major spot markets of Chana due to subdued trading activity. Reports of increased imports of pulses during April to September 2010 pressurized chana prices yesterday. State trading Corporations have contracted import of 500,000 tonnes of pulses so far in the financial year, of which 280,000 tn have already arrived in the country. STC imported 590,000 tn pulses last year.

However, India’s import of pulses could drop by about a million tonnes next year, with good rains and higher purchase prices announced by the government promising to boost production.

According to the fourth advance estimates of Production, Chana output in 2009-10 is at 7.35 million tonnes compared to 7.05 million tonnes in 2008-09. In NCDEX-accredited warehouses, stock of Chana stood at 34549 tonnes as of October 28th, 2010.

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Agri Commodity (NCDEX ) Outlook For Tomorrow

Guar: Guar price are trading sideways. Resistance for November contract of Guar is at 2156 in near term. Selling Guar below 2150 would be beneficial for intraday traders.

Soybean: Future prices remained weak on dull buying these days. Short term traders can sell it for safe trading.

Potato: Potato is likely to trade in thin range in near term. Long term investor should wait for fresh entry while short term traders should trade as per momentum for handsome profit.

Gur: Buying Gur November future will be good for intraday traders as momentum towards upside is more.

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Agri Commodity- NCDEx Outlook For Wednesday 27 October 2010

Turmeric: Turmeric looks strong for short run as 4% upper circuit was seen today on heavy buying. Still though, some more buying is expected in near term.

Pepper: Robust buying and fresh demand in spot market kept Pepper prices bullish these days. Buying is recommended for medium term at this stage.

Guar: Supportive spot prices keep Guar futures bullish. Trading as per momentum and fresh fundamentals may be the best strategy in intraday trading.

Mentha: Lower crop expectations kept Mentha prices bullish. However, there is no selling signal. Buying at this level is bit risky for long term traders. Intraday traders can trade as per momentum.

Chana: Marginal loss was reported today during closing session. Bearish mode can drive Chana prices towards red zone. Buying is not recommended in Chana. Selling below 2410 may be good deal for short term profits.

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Buy NCDEX Steel near 24950

Short term range for Steel is from 24900 to 25200 Steel long November contract opened at Rs 25230 this morning on NCDEX. Prices moved between 25230-25000 during trading session. Steel has remained bearish these days due to technical selling. 14 days RSI is at 48 and it is moving downward. Buying Steel near 24950 levels for short term will be beneficial for intraday traders, while long term investors should take buying position only if prices sustain above 25500.

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Weak demand Lead Guar seed to continue down Trend

The guar seed and guar gum futures ended on a flat note after witnessing both sided trading. Overall, the trading remained choppy on Saturday in absence of fresh fundamental triggers in the market. However, spot markets remained positive on strong buying interest and on emerging demand for its derivatives.  

Outlook -The guar seed and guar gum futures are expected to trade on a positive note on resumption of fresh buying sup-ported by strong demand. Traders and stockists are likely to buy futures in anticipation of fresh guar gum export orders in near term. Indian traders are taking advantage of crop loss in Pakistan. Fresh gum export enquiries are pouring into the market resulting into price rise. The demand for churi and korma is also good and is likely to support the prices. Guar seed production is expected to be around 70-80 lakh bags this year on higher acreage. Carry-forward stock of guar seed and guar gum is estimated at 2 lakh tons.

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NCDEX Update- Chana on On Recovery with positive cues

Chana futures traded notably up during the opening hour on National Commodity and Derivatives Exchange (NCDEX) Saturday session. Short covering took chana prices up in futures trade.
November contract gained Rs 11 at Rs 2,403 a quintal. It so far moved between Rs 2,405-2,390 a quintal. Volume in the October contract recorded at 13,550 tons.

NCDEX December contract traded up Rs 10 at Rs 2,437 a quintal fluctuating between Rs 2,439 and 2,425 a quintal, volume being recorded at 5,090 tons.

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Commodity Updates- Trading tips

MCX Gold - Dec Buy at 19890 TP 20010 SL 19850

MCX Silver - Dec Sideways

MCX Crude Oil - Oct Buy at 3675 TP 3710 SL 3652

MCX Natural Gas - Oct Sideways

MCX Aluminium - Oct Buy at 106.1 TP 107.3 SL 105.4

MCX Copper - Nov Buy at 373 TP 377 SL 371(maintain strict SL )

MCX Lead - Oct Buy at 105.8 TP 107 SL 105.2

MCX Zinc - Oct Buy above 106.5 TP 107.6 SL 105.9

NCDEX Steel - Oct Sell at 25000 TP 24650 SL 25150

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Agri (NCDEX) Commodity Trading Strategy For Coming week (11-16 October)

Jeera-  

Jeera is in a consolidation phase and one should use the strategy of selling on higher levels. If in the coming week Jeera sustains below the level of 12500 then we can expect a level of 12000, and if it sustains above 13615 we can see the level of 13900.

Guarseed- 

For next week traders should go for selling on higher level strategy, if Guar seed sustains below the level of 1930 we can see the level of 1860, and above 2100 it can come up till 2160.

Soyabean -

Soybean is in a consolidation phase on charts and one should look for buying opportunities at lower levels, if Soybean sustains above the level of 2195 we can see the level of 2250, and on the down side if it sustains below the level of 1980 we can see Soybean at 1950 level.

Chana-

Overall trend of Chana is of consolidation and one should go for selling at higher levels strategy in it. For the coming week if Chana sustains below 2230 level we can see it at 2160 and above 2435 we can expect the level of 2520.

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Daily NCDEX Agri Commmodity Tips For 7 Oct 2010

Note-  Consider Following As- S2-S1-LTP-R1-R2 Recommendations

BLACK PEPPER OCT. 18775 18250 18500 19050 19300 Sell on rise around
  18950 stop above 19050 target- 18600- 18400 ranges.

CHANA OCT. 2257 2205 2235 2285 2310 Sell on rise around 2280 stop above
  2285 tgt-2240-2220 Ranges.

SOYA BEAN OCT. 1998 1945 1975 2035 2060 Sell on rise around
  2020 stop loss above 2035 target- 1990- 1970 ranges.

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