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

NCDEX Agri Commodity Trend

 NCDEX Pepper is showing a volatile movement. High demand from the processors is keeping pepper on a high node. NCDEX pepper support and resistance is 42866 and 43594 respectively. NCDEX Turmeric is expected to get lower note in todays trading session. the support and resistance for mcx turmeric price chart is 5190 and 5367 respectively.

NCDEX Cardamom prices are also trading in a lower note.Ahead of ramdan, good demands are expected. NCDEX Cardamom support and resistance levels are: 1264 and 1369.2 respectively. Support and resistance levels for NCDEX Sugar is 3193 and 3256 respectively.

NCDEX AGRI TIPS FOR TODAY

Agri Commodity Tips

July month has given the worse of monsoon effect NCDEX moves have increased the margins on soybeans and mustard. Cash margins on Commodity Exchange has increased from 5%, and for Mustard 5% cash margins have been increased from 16 per cent.

These Cash margins on soybean and mustard will be effective from Wednesday. Due to weak monsoon, oilseed prices are expected to grow. 

NCDEX Jeera prices was seen rising in domestic market, with high demand. The spot price for ncdex Jeera was quoted at Rs.14500 Per 100kg. Turmeric Futures also rises high and is expected to rise further due to delayed rains. The spot price have been set at Rs.5500 per 100 kg.

The NCDEX cardomom Prices are expected to maintain the current level. MCX Crude oil july contract has gone up by +52 Rs. Whereas the intraday crude oil has touched a low of 4822 levels. 

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Agri Tips for Today, 12 July 2012

MCX Agri Commodity Outlook

MCX cardomom price went high with 16.4 points and is now trading at 1180 points. It declined on wednesday due to poor domestic demand. In MCX Cardamom (Aug) traded in the evening session at Rs.1334 per Kg, a decline of 2.70% and open interest of the contract stood at 1964 lots.

NCDEX Jeera( April) prices hit lower limit in today's trading session and continues down trend. It is trading in the range of 12252.50-12700 per quintal in today's trading session till now.

NCDEX Wheat gained on Wednesday afternoon due to large domestic demand after India allowed 2 million tons of wheat exports. Wheat in NCDEX August contract traded at Rs.1260 per quintal, higher by 1.12% so far and open interest of the contract stood at 1770 lots.

MCX Mentha oil futures gained on Wednesday by the traders due to rising spot demand. It is expecting an upward movement because of the high arriving demands. Mentha oil(Aug) contract traded in the afternoon session at Rs.1238.90 per Kg, higher by 0.97% and open interest of the contract stood at 1685 lots for the time being.

NCDEX Coriander futures continued upward trend as traders booked profits on the back of subdued domestic demand. Coriander in NCDEX August contract traded at Rs.4054 per quintal. It showed a decline by 1.07%.

MCX, NCDEX Tips for today-tomorrow

NCDEX Jeera tips Today:

NCDEX Jeera August price ended up by Rs. 100 per quintal at Rs. 15,465. Jeera spot prices zoomed by Rs. 500 per quintal to Rs. 13,000-14,000 per quintal in today's trading sessions. Technically, the August Jeera is likely to find resistance at Rs. 15,600, Rs. 15,700 and support is at Rs. 15,230, Rs. 15050 per quintal.

MCX Crude tips for today:

MCX Crude oil market traded up Rs 3 at Rs 700-701 per 10 kg, while in Mumbai it highed up Rs 5 at Rs 705 per 10 kg.

MCX Chana Tips:

In Mumbai, Australia chana new priced steady at Rs 4,951 per quintal. However, the commodity market offered a steady response at Rs 4,451 per quintal.

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