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 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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Due to slow progress of monsoons this year, the Indian turmeric futures high on Monday. India is the biggest producer and exporter of the yellow spice and is expected to 30% this season. Today at 8:41 am, the August contract rose up by 2.99% to Rs.5,450 per 100kg after hitting a contract high of Rs.5,478.

Jeera or cumin seed, hit a contract high of Rs.16,247.5. The August Jeera contract was up by 1.23% to Rs.16,035 per 100 kg. Jeera is planted during winter season, its planting is done during october and the monsoon's help in keeping the soil moist. At Unjha, a market in Gujarat, the Jeera prices rose to Rs.15,508 per 100kg.

The trading in pepper futures was weak as traders cashed out gains at higher levels. The August contract fell by 0.59% to Rs.43,050 per 100kg. It has risen more than 4% this month. According to analysts, their are less chances of prices falling beyond Rs.42,500, whereas there are chances that it may touch Rs.44,000 in short term.

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