Monday, May 2, 2016

Agri commodity Market Update | Best NCDEX Calls for Today

Dhaniya traded range bound: 
Dhaniya traded in range bound throughout the trading session. Spot markets are likely to witness limited supply of quality crops, which may attract good buying from the traders. Dry spell in the growing regions of Gujarat and Rajasthan may further support the price. On the other hand extended profit booking may limit the gains during the day. We recommend buy dhaniya futures for today’s trading session. 

Chana prices is high due to higher demand: 
NCDEX Chana futures gains yesterday as physical demand continue to increase on lower domestic supplies. Spot prices too gain due to good spot demand. Chana is in bullish note due to strong fundamental factors. Chana trade ended the day at RS. 5525 per quintal which is approx 2.05% up against its previous close. We recommend buy chana from lower levels for today’s trading session.  

Jeera futures are traded positive: 
NCDEX Jeera futures gain previous week due to good physical demand as there is concern over the production and good export demand. Assumption of some crop damage due to the extended dry spell in the growing regions of Gujarat and Rajasthan may further support the price. Jeera trade ended the day at RS. 17400 per quintal which is approx 0.43% down against its previous close. For today’s trading session we recommend buy jeera at lower levels.

Best NCDEX Calls for Today:
Intraday BUY MCX GOLD@ 30390.00, Target: 30500.00, Stop-loss: 30328.00

No comments:

Post a Comment