Agro Outlook Updates and News for 28/ May 2015

Mcx commodity tips : Chana prices closed higher 1.12 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At NCDEX, chana futures for June 2015 contract closed at Rs. 4,675 / quintal, up by 1.12 per cent, after opening at Rs. 4,630 against the previous closing price of Rs. 4,623. It touched the intra-day high of Rs. 4,675. 

Jeera prices closed lower by 0.06 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for July 2015 contract closed at Rs. 17,900 per quintal, down by 0.06 per cent, after opening at Rs. 17,860 against the previous closing price of Rs. 17,910. It touched the intra-day low of Rs. 17,855.

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MCX Commodity Tips ~ Gold, Silver, Copper, Crude Oil Updates Today 10 April 2013

Gold eased at the domestic bullion market today on further selling from stockists and investors and subdued retail buying, mainly influenced by bearish global trend. Silver ended stable amidst thin activity. Standard gold of 99.5 per cent purity fell by Rs 100 to finish at Rs 29,300 per 10 grams from Monday's closing level of Rs 29,400. 

Pure gold of 99.9 per cent purity also slid by a similar margin to conclude at Rs 29,450 per 10 grams from Rs 29,550. Silver ready (.999 fineness) quoted steady at its previous level of Rs 52,500 per kilo. At the global front, gold declined on strong dollar as well as continued outflows from exchangetraded funds (ETF) put pressure on the metal. 

In New York, gold for June delivery slipped USD 3.40 to USD 1,572.50 an ounce on the Comex division of the NYMEX late yesterday. Silver for May contract went down 8 cents to USD 27.14 an ounce.

Brent crude futures rose above $105 per barrel on Tuesday after data showed China's inflation in March was slower than expected, giving its central bank room to keep monetary policy easy and supportive of oil demand in the world's second-biggest consumer. 

Oil prices were also underpinned by worries over increasing tension in North Korea and a stalemate in talks between Iran and Western nations. Front-month Brent futures rose 55 cents to $105.21 per barrel by 0445 GMT, after moving in a $2-range and finishing 0.5 percent higher in a choppy session on Monday. 

U.S. crude futures rose 31 cents to $93.67 per barrel. Brent may trade between $103 and $110 per barrel in coming weeks, LeBrun added. 

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NCDEX Tips And Agri Report For Today

In NCDEX Chana, below 4150, we may see selling pressure towards 4090 levels.

In NCDEX Oilseed and edible oil futures witnessed a weak trade during the last trading session. Soybean futures opened firm in line with the international markets to mark day high. However, sharp selling was seen at higher levels with no major demand in markets. Abiding the weak cues from futures market soybean ruled weak in the major markets of Madhya Pradesh and Maharashtra. In major markets of Madhya Pradesh i.e. Indore soybean traded at 3427 per 100 kg. While in Maharashtra i.e. at Nagpur it traded at Rs 3468 per 100 kg and in kota at Rs.3508.6 Hence Soybean plants rates quoted mixed to weak witnessing down move in range of Rs.38-42 in major mandis, whereas witnessed up move in the range of 0-26 in other mandis. Soybean arrivals stood steady in Madhya Pradesh and reported at 25,000 bags on Saturday compared.

Free NCDEX Commodity Tips For Today

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss
Chilli (Jun)	Sell	Below 4600	4550	4500	4635
Chana (Jun)	Sell	Below 4140	4100	4060	4170
Jeera (Jun)	Sell	12600-12630	12400	12200	12730
Turmeric (Jun)	Sell	Below 3575	3540	3500	3605
COCUDAKL (Jun)	Sell	Around 1100	1080	1060	1110
Cardamom (Jun)	Buy	Above 1330	1350	1370	1315
Soya bean (Jun)	Sell	Below 3300	3250	3200	3335
Mustard seed (Jul)	Sell	Below 3700	3650	3600	3735

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NCDEX Tips And Trend For Today

NCDEX Commodity Trend

• NCDEX Jeera June: A downfall may continue towards 12250 levels for the day.
• NCDEX Chilli June: If unable to sustain above 5000 levels, we can expect to see a lower correction towards 4750 levels.
• NCDEX Chana June: Sideways to lower trading for the day.
• NCDEX KAPAS April 2013: A pullback rally may seen, if prices hold the support of 910 levels for the day.
• NCDEX Dhaniya June: Negative sentiments still persists, as long as prices caps the upside resistance at 3645 levels for the day.
• NCDEX Turmeric June: If prices break below 3562, then a downside correction may be seen towards 3500 levels for the day.
• NCDEX Refined Soy oil June: A strong support is seen at 709, breaks below the same with volume could see prices trade lower towards 709 levels.
• Cardamom June: A major support is seen at 1281 levels, which if held, may see prices turn higher for the day.

Free NCDEX Tips

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss
Chilli (Jun)	Buy	Around 4800	4850	4900	4765
Pepper (Jun)	Buy	38450-38500	38850	39200	34250
Jeera (Jun)	Sell	12600-12630	12400	12200	12730
Turmeric (Jun)	Buy	Above 3630	3680	3730	3595
COCUDAKL (Jun)	Sell	Around 1100	1080	1060	1110
Cardamom (Jun)	Sell	Below 1325	1300	1270	1345
Soya bean (Jun)	Sell	Below 3300	3250	3200	3335

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