COMMODITY MARKET TODAY,IS WHERE THE STAKES | TODAY AGRI COMMODITY MARKET UPDATES 20 DEC 2016.

AGRI   COMMODITY MARKET OUTLOOK

Ref soyoil dropped on profit booking after prices gained earlier tracking firmness in spot demand due to lower stockpiles.

Mentha oil gained amid rising demand in the domestic spot market.

Soyabean prices ended with losses as pressure seen amid improving supplies in the domestic market.

Chana prices dropped on profit booking amid government initiatives to check rising prices and availability of pulses.

Turmeric prices dropped due to reports of increased output thanks to favorable weather and higher sowing.

Jeera prices ended with losses as pressure seen on prices due to reports of higher sowing due.

NCDEX Market update:-

JEERA

PP- 16955

R1- 17250                                              S1-16750

R2- 17500                                              S2-16500

TURMERIC

PP- 6820

R1- 6910                                                S1-6740

R2- 7050                                                S2-6660

CORIANDER

PP- 7799

R1- 7870                                                 S1-7700

R2- 7980                                                 S2-7600

SOYBEAN

PP- 3026

R1- 3050                                                S1-3000

R2- 3080                                                S2-2980

MUSTERED OIL

PP- 4381

R1- 4420                                                S1-4350

R2- 4460                                                S2-4310

GAUR SEED

PP- 3226

R1- 3260                                                 S1-3195

R2- 3310                                                 S2-3160

WHAT SHOULD BE THE STRATEGY IN THE AGRI COMMODITY MARKET TODAY REPORT 19 DEC 2016.

AGRI   COMMODITY MARKET OUTLOOK

Ref soyoil dropped on profit booking after prices gained tracking higher international prices and steep increase in Cereals tariff prices by the government.

Mentha oil settled up amid increasing demand in the domestic spot market.

Soyabean prices ended with losses tracking weakness in spot demand amid increase in supplies in December and January.

Chana prices dropped on profit booking amid government initiatives to check rising prices and availability of pulses.

Turmeric dropped amid expectation of good crop next season and as damage to the turmeric crop in recent rains is Currency not significant.

Jeera prices dropped on profit booking after prices gained amid dwindled supplies and good demand for exports.

NCDEX MARKET TIPS

NCDEX Market update:-

JEERA

PP- 17440

R1- 17650                                              S1-17200

R2- 18850                                              S2-17000

TURMERIC

PP- 6994

R1- 7030                                                S1-6940

R2- 7090                                                S2-6880

CORIANDER

PP- 7676

R1- 7780                                                 S1-7570

R2- 7890                                                 S2-7480

SOYBEAN

PP- 3047

R1- 3080                                                S1-3020

R2- 3120                                                S2-2980

MUSTERED OIL

PP- 4455

R1- 4490                                                S1-4420

R2- 4530                                                S2-4370

GAUR SEED

PP- 3263

R1- 3320                                                 S1-3230

R2- 3370                                                 S2-3200

AGRI COMMODITY MARKET LEVEL (SUPP. & RESIST) & NEWS REPORT 16 DEC 2016.

AGRI   COMMODITY MARKET OUTLOOK

Jeera Jan NCDEX: Prices re-penetrated the cluster EMA resistance of 17670 levels in yesterday’s trading session. But, it is required to break the resistance of 17900 for the strong upside rallies to continue towards 18030 followed by 18160 or even higher to 18300 levels. Else, could see a choppy trading session with regular profit booking.

Soybean Jan NCDEX: If prices successfully trades above the support of 3080 could see upside rallies towards 3110/3125 levels. On the other side, if prices puncture the support of 3050 could see downfall towards 3000 regions.

Turmeric Apr NCDEX: Profit booking is likely to continue towards 7010/6900 levels.

Dhaniya Jan NCDEX: As prices cleared the downside support of 7800, expect to see lower correction towards 7600/7500 levels.

NCDEX Market update:-

JEERA

PP- 17665

R1- 17830                                              S1-17560

R2- 17935                                              S2-17395

TURMERIC

PP- 7099

R1- 7149                                                S1-6967

R2- 7255                                                S2-6947

CORIANDER

PP- 7714

R1- 7799                                                 S1-7583

R2- 7930                                                 S2-7498

SOYBEAN

PP- 3087

R1- 3098                                                S1-3068

R2- 3117                                                S2-3057

MUSTERED OIL

PP- 4565

R1- 4578                                                S1-4551

R2- 4592                                                S2-4538

GAUR SEED

PP- 3332

R1- 3342                                                 S1-3316

R2- 3358                                                 S2-3306

NCDEX TIPS | AGRI COMMODITY MARKET LEVEL ( SUPP. & RESIST.) UPDATE 15 DEC 2016.

AGRI   COMMODITY MARKET OUTLOOK

Ref soyoil ended with gains amid expectation of demand for the refined soy oil.

Mentha oil prices ended with gains amid increasing demand in the domestic spot market.

Soyabean prices gained on supply worries in global market and on robust demand export market.

Chana prices dropped on profit booking amid government initiatives to check rising prices and availability of pulses.

Turmeric settled flat due to the arrival of medium and poor quality turmeric from the producing belts.

Jeera dropped on profit booking after prices gained due to lower level buying and reports of good demand for exports as supplies have dwindled

NCDEX Market update:-

JEERA

PP- 17667

R1- 17768                                              S1-17523

R2- 17912                                              S2-17422

TURMERIC

PP- 7197

R1- 7223                                                S1-7163

R2- 7257                                                S2-7137

CORIANDER

PP- 7848

R1- 7895                                                 S1-7795

R2- 7945                                                 S2-7748

SOYBEAN

PP- 3066

R1- 3080                                                S1-3054

R2- 3092                                                S2-3040

MUSTERED OIL

PP- 4592

R1- 4647                                                S1-4542

R2- 4697                                                S2-4487

GAUR SEED

PP- 3361

R1- 3375                                                 S1-3344

R2- 3392                                                 S2-3330

AGRI   COMMODITY MARKET OUTLOOK

Jeera Jan NCDEX: Prices penetrated the cluster EMA resistance at 17670 levels in yesterday’s session. But, it is required to break the resistance of 17900 for the strong upside rallies to continue towards 18030 followed by 18160 or even higher to 18300 levels. However, unable to do so could see profit booking extending lower to 17600 levels.

Soybean Jan NCDEX: Prices is required to break the support of 3030 for the corrective selloffs to extend towards 2980/40 levels. However, any direct rise above 3080, could see sharp upside rallies towards 3110/3125 levels.

Turmeric Apr NCDEX: If prices stays above the support of 7150, could see upside moves towards 7250/7400 levels.

Dhaniya Jan NCDEX: Expect to see a choppy trading session.

Rm seed Jan NCDEX: Sideways price action is expecting for the day.

AGRI COMMODITY TIPS

NCDEX Market update:-

JEERA

PP- 17593

R1- 17857                                              S1-17437

R2- 18013                                              S2-17173

TURMERIC

PP- 7181

R1- 7229                                                S1-7143

R2- 7267                                                S2-7095

CORIANDER

PP- 7882

R1- 7940                                                 S1-7845

R2- 7977                                                 S2-7787

SOYBEAN

PP- 3066

R1- 3080                                                S1-3054

R2- 3092                                                S2-3040

MUSTERED OIL

PP- 4592

R1- 4647                                                S1-4542

R2- 4697                                                S2-4487

GAUR SEED

PP- 3361

R1- 3375                                                 S1-3344

R2- 3392                                                 S2-3330

IMPACT ON EXCHANGE VOLUMES A SHORT TERM PAIN : NCDEX MARKET REPORT UPDATE 06 DEC 2016.

AGRI   COMMODITY MARKET OUTLOOK

Ref soyoil ended with losses tracking weakness in other oil seed counters despite of supply worries in global market.

Mentha oil ended with losses driven by sluggish demand at the spot market.

Soyabean dropped on weak demand for the crop in export market and on expectation of higher supply in global market

Chana prices dropped on profit booking amid government initiatives to check rising prices and availability of pulses.

Turmeric gained on late short covering after prices dropped as reports of good production from new season crops weighed on prices.

Jeera prices ended with losses on reports of higher sowing at the producing belts of Gujarat.

AGRI COMMODITY TIPS

NCDEX Market update:-

JEERA

PP- 17350

R1- 17515                                              S1-17150

R2- 17715                                              S2-16985

TURMERIC

PP- 7436

R1- 7470                                                S1-7380

R2- 7530                                                S2-7300

CORIANDER

PP- 7743

R1- 7805                                                 S1-7660

R2- 7888                                                 S2-7598

SOYABEAN

PP- 3070

R1- 3084                                                S1-3050

R2- 3104                                                S2-3036

MUSTERED OIL

PP- 4662

R1- 4702                                                S1-4604

R2- 4760                                                S2-4564

GAUR SEED

PP- 3241

R1- 3285                                                 S1-3230

R2- 3310                                                 S2-3200

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