Friday 20 July 2012

Technical Report on NCDEX Agri Commodities


NCDEX Pepper August Trend:
Prices were trading in a tight range. According to researchers a support of 42800 seems to work for the bullish scene. 
The resistance and support levels are as follows:

Support
Resistance
43000/42800
43500
42500
43650/43800
42300/42000
44000/44200


NCDEX Jeera trend today looks like it has recovered from yesterdays losses and finally settled higher at 16270 levels. A support can be seen at 16500 level and further at 16750 levels. 
 The trend for NCDEX Jeera for today is:

Support
Resistance
16100
16300
16000
16500
15750
16750


The NCDEX Chana prices may go above 4840 levels for today. NCDEX Chilli Aug seems to cross 5400 levelsfor next bullish wave. NCDEX Sugar prices recovered yesterday. It has got a support of 3210 levels and a momentum towards 3281 followed by 3300 levels.

The technical trend/level for Agri Commodity today are:
A support of 15312 is recommended for NCDEX Jeera with a resistance of 17037. For NCDEX Turmeric a support of 5153 and a resistance of 5735 is recommended.

Commodity
Contract
S3
S2
S1
R1
R2
R3
Pepper
AUGNCDEX
42523
42817
43083
43643
43937
44203
Jeera
AUGNCDEX
15312
15503
15887
16462
16653
17037
Turmeric
AUGNCDEX
5153
5217
5347
5541
5605
5735