AGRI COMMODITY MARKET TIPS | NCDEX MARKET OUTLOOK 06 DEC 2016.

AGRI   COMMODITY MARKET OUTLOOK

Jeera Dec NCDEX: If prices stays above the support of 18200,could see upside moves toward/18950 or even higher towards 19200 levels. On the other side any break below the support of 18000 could see deep correction.

Soybean Dec NCDEX: As Prices were unable to trade above 3162, witnessed profit booking in yesterday’s Trading session. Prices also breached the trend line support of 3080, sentiments Seems to be bearish And expect to see downside correction towards 3030/3000 or even lower to 2970 levels. However, mild bounce back would be expected before running next level of corrective selloffs for the day.

RMseed Dec NCDEX: Prices is largely required to break above the resistance of 4810 for the bulls to reactive in the counter, targeting 4840/4860/4880 levels.

Turmeric Dec NCDEX: Prices is likely to trade further lower towards 7200/7100 levels.

Dhaniya Dec NCDEX: Profit booking is likely to continue towards 7700 levels.

NCDEX Market update:-

JEERA

PP- 18417

R1- 18508                                              S1-18283

R2- 18642                                              S2-18192

TURMERIC

PP- 7225

R1- 7249                                                S1-7193

R2- 7281                                                S2-7169

CORIANDER

PP- 7841

R1- 7933                                                 S1-7778

R2- 7996                                                 S2-7686

SOYABEAN

PP- 3081

R1- 3120                                                 S1-3036

R2- 3165                                                 S2-2997

MUSTERED OIL

PP- 4744

R1- 4842                                                S1-4678

R2- 4908                                                S2-4580

GAUR SEED

PP- 3299

R1- 3358                                              S1-3222

R2- 3435                                              S2-3163