NCDEX Chan to Trade Hitgher today; Commodity Best Tips

Chana futures recovered on Monday as market participants expecting supply crunch in coming months. However, reports of government to rela x VAT and other taxes weigh on spot prices. Chana futures for Jun delivery closed 0.95% higher to settle at Rs 5,950 per quintal.

However, reports of lower production and expectation of tight supplies in coming months may keep prices firm. In the third adv ance estimates (May 2016), chana production is revised downwards to 7.5 mt from 8 mt forecasted in 2 nd estimate (Feb 2016). 

>>> NCDEX Chana Tips 

Dhaniya traded range bound | Agri commodities Tips

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.

Active buying from end user industries amid limited supplies of quality produce may also support the price to trade high. On the other hand extended profit booking may limit the gains during the day.

We recommend sell dhaniya futures for today’s trading session.

Indian Agri Commodity Market may tarde Volatile | Free MCX NCDEX Tips

Short term high volatility is likely to continue with a slight negative bias for Indian agri commodities as traders wait for the demand to start rising over the next few weeks.

Sentiments are bearish for the Agri-commodities as strong demand is absent amidst high arrivals in mandis which suppressed the prices.

The initial uptrend in Spices too could not be sustained as prices fell across Oil complex, Pulses and Guar. NCDEX Turmeric and NCDEX Jeera did trade at strong support levels though. But lack of export demand is keeping pressure on prices.

Free MCX NCDEX Tips :

BUY ALUMINIUM AT CMP-104.80 103.50 TGT 107

<<<< MCX Live Calls >>>> 

NCDEX Turmeric Prices will rise : 29 jan | MCX NCDEX Tips

Reduction in production and carry forward stocks remain half due to this NCDEX Turmeric prices may get rise. According to leading businesses of Turmeric,Prices in the next 2-3 months may be 10,000-11,000 a quintal. 

The country's annual consumption is 70-75 million bags (each bag of 70 kg), while the production of 50 million bags and carry forward stock is 50 million bags. So for next year is expected to carry forward stock down to 25-30 million bags.

Increased exports of turmeric: 

Spice Board of India during the first half of the financial year 2015-16, the country exported 46,500 tons of turmeric in the first half of 2014-15. Total exports from India turmeric in 2014-15 was 86,000 tonnes , while turmeric exports in 2013-14 was 77,500 tonnes. Increased exports turmeric prices are expected to trend upward. 

MCX NCDEX Tips: 

Sell Crude February in between 2290/2295 stoploss 2330 target 2254. 

BUY ZINC ABOVE 108.95 TGT 110.80,113.40 SL 106.8.

<<<< Free NCDEX Tips >>>>

Indian Agri Market under Pressure ; NCDEX Chana Prices fell by 10%

For the most Agri Commodities trend continued at bearish note. Spices sector failed to hold on to the higher levels as lack of demand amidst high stocks and conducive weather in growing areas kept trend down.

NCDEX Guar too showed weakness as lack of export demand in the former and lack of domestic demand in winter season for the latter kept trend down.

Oil complex and fibre too traded weak as bearishness in International markets amidst economic problems in China kept sentiments down as uptrend looks limited for most counters.

During the past month, prices of NCDEX Chana in the wholesale market is noted that it fell by 10 percent. Chana prices in the wholesale market in Delhi came to Rs 4,700 per quintal from Rs 5,200. Government crackdown on hoarders gram in the market due to increased availability. The new crop is likely to see a further decline in the prices.

MCX NCDEX Tips :

BUY Intraday ZINC - JANUARY (MCX) @ 102.50, Target: 101.70, Stop-loss: 103.00

NCDEX Turmeric Tips Today : 28 September | Commodity best tips

NCDEX Turmeric futures witnessed huge volatility during the week. The Week started with the positive note on Monday, later on it fell drastically.

NCDEX Turmeric oct contract was closed at 7410.

Experts advice on NCDEX Turmeric today is a BUY Call at 7350-7340 TP 7650 SL 7270 

Where as in NCDEX Jeera During the last week, jeera futures witnessed volatility while spot market remained down.

Futures as well as spot markets remained closed on Friday, due to Bakrid celebrations.

Stock positions at the NCDEX accredited warehouses are 6008 tons as on 25 September 2015.

Trading range for NCDEX Jeera is 15800-16200 

Agri Commodity Tips for NCDEX SOYABEAN | CHANA | TURMERIC | JEERA : 15 june 2015

Weather play a great impact on the agri commodities. Chana future traded on negative zone and got closed down at 0.09%. Chana Future is going to trade in sideways trend. Ncdex soyabean traded in negative zone with 1.24% down. Soyabean is expected to trade sideways on monsoon progress. Jeera future may trade on negative zone and it was traded on negative zone last week, closed 1.78% down. Turmeric is going to trade in negative again due to good monsoon progress and low demand.Have a Brief look on NCDEX Calls for today :

NCDEX Soyabean-
Trend -Down
S2-16540 S1-16675
LTP-16825
R1-16930 R2-17048

NCDEX Chana-
Trend -Sideways
S2-4565 S1-4605
LTP-4637
R1-4660 R2-4690

NCDEX Jeera-
Trend -Down
S2-16542 S1-16675
LTP-16825
R1-16930 R2-17049

NCDEX Turmeric-
Trend -Down
S2-7260 S1-7370
LTP-7464
R1-7560 R2-7660