NCDEX Tips and Trend For Today

NCDEX Trend For Today

Pepper prices are projected to continue the down trend on long liquidation during early trading hours. However, later on prices might recover on fresh buying at lower levels as overall fundamentals are also bullish. Turmeric prices are expected to continue the recovery during opening hours on back of improving spot turmeric prices. Jeera prices are projected to trade on positive note on lower levels buying on reports of fall in production of turkey and Syria by 30-35%. Arrivals of chana crop across major trading centers increased to about 80,000 bags while spot rates closed higher & were quoted in the range of Rs.46-46.5 per kg, as per trade reports.

NCDEX Tips For Today

• NCDEX Chana July: A bounce back rally can be seen towards 4400 levels in the near term.
• NCDEX Soybean July: Even though prices are still positive, Inability to sustain above 4000 levels may lead to mild profit booking for the day.
• NCDEX Chilli July: Inability to sustain above 5050 levels, then a mild lower correction is expected towards 4750 levels in the immediate run.
• NCDEX Jeera July: Any break of 13080 would see a major fall towards 12980 followed by 13000 levels.
• NCDEX Dhaniya July: Sideways to lower correction in the near term.
• NCDEX Rmseed July: Sideways price action for the day.
• NCDEX Kapas April: A 22 day EMA support is seen at 992 levels; holds above the same may see a pullback rally towards 1030 levels.
• NCDEX Wheat July: Consistent trades above 1175 levels may see a bounce back towards 1200 levels for the day.
• NCDEX Turmeric July: A pullback rally may be seen if prices are able to hold the support of 4000 levels for the day.
• NCDEX Refined Soy oil July: A break of 760 levels with consistent volume could see a lower price correction towards 754 followed by 750 levels

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NCDEX Tips and Trend Today

NCDEX Trend For Pepper:

NCDEX Pepper is looking to trade in a positive trend today. According to market analysis monsoon rain has increase the demand of pepper in market. Traders are not selling pepper on current levels and expecting more bull trend in NCDEX pepper. However NCDEX pepper has a bull trend but it has a critical support at 40330 and a strong resistance of 40967.

NCDEX Jeera Trend:

NCDEX Jeera was treded month low in this week. Market report suggest that traders are believing that the jeera will surely recover from its down trend and will get a bullish position in coming trading sessions. It has a stron resistance at 13786 and a support at 13330.

NCDEX Tips:

Buy NCDEX Pepper July above 40550 with a stoploss of 40390 to get target of 40900-41400.

Buy advised in NCDEX Chana June at 4130, Target of 4160 to 4190 with a stoploss of 4110.

Buy Cardamom July around 1270, Target should be arround 1290-1310, put Stoploss of 1255.

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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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