MCX NCDEX Trading Tips

NCDEX Commoditites Trend for This Week (23-27th Jan)

2012-01-23T10:08:00.001+05:30

NCDEX Jeera
Last week Jeera was in a bearish trend for most part of the week, we saw good selling coming at higher levels but it took support of the 15700 level and price was not able to sustain below it and we saw some good short covering coming at the end of the week. For this week Jeera has resistance at 16350 and support at 15500.
Resistance3: 17723, Resistance2: 16898, Resistance1: 16469, Pivot Point: 16073
Support1: 15644, Support2: 15248, Support3: 14423

Strategy: Jeera is in a consolidation phase and one should use the strategy of sell on higher levels. If in this week Jeera sustains below the level of 15500 then we can expect the level of 15200, and if it sustains above 16350 then we can see the level of 16600.

Guar Seed Outlook
Last week Guar seed did our target of 10700 above the level of 10500 and even closed above it. Last week Guar seed initially faced a slight resistance near the psychological level of 10000 but later in the week we saw good buying coming at lower levels and it closed near to its weekly high. For this week Guar seed has resistance at 12300 and support at 10500.
Resistance3: 15343, Resistance2: 13234, Resistance1: 12531, Pivot Point: 11125
Support1: 10422, Support2: 9016, Support3: 6907

Strategy: For this week in Guar seed traders should go for buying at lower levels strategy, if Guar seed sustains above the level of 12300 we can see the level of 12600, and below 10500 it can touch the level of 10250.

Soyabean NCDEX
Last week Soybean did our target of 2515 below the level of 2545 but was not able to sustain below it. Last week in the initial few days Soybean was in a bearish trend and price was not able to sustain at higher levels but in the later half of the week we saw some good short covering coming at lower levels. For this week Soybean has resistance at 2600 and support at 2450.
Resistance3: 2817, Resistance2: 2671, Resistance1: 12596, Pivot Point: 2525
Support1: 2450, Support2: 2379, Support3: 2233

Strategy: For this week in Soybean one should go for sell on higher level strategy. If it sustains below the level of 2450 we can see the level of 2415 and on the upside if it sustains above 2600 level we can see Soybean at 2630 level.

NCDEX Chana
Last week Chana did our target of 3250 below the level of 3295 and even closed below it. Last week Chana was majorly in a bearish trend but later in the week it took support of the important level of 3125 and we saw some good short covering coming at lower levels. For this week Chana has resistance at 3300 and support at 3125.
Resistance3: 3680, Resistance2: 3458, Resistance1: 3342, Pivot Point: 3236
Support1: 3120, Support2: 3014, Support3: 2792

Strategy: For this week in Chana one should go for sell at higher level strategy. If it sustains below 3125 we can see the level of 3080 and on the upside if it sustains above the level of 3300 we can see Chana at 3340.

NCDEX Commodities Technical Levels 20-Jan

2012-01-20T10:29:00.000+05:30

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Jan'12	2984	3042	3076	3134	3168
	20-Feb'12	3106	3148	3174	3216	3242

Soybean	20-Jan'12	2268	2302	2323	2357	2378
	20-Feb'12	2433	2461	2479	2507	2525

Turmeric	20-Apr'12	4462	4500	4550	4588	4638
	18-May'12	4317	4353	4413	4449	4509

Guarseed	20-Jan'12	10682	10682	10682	10682	10682
	20-Feb'12	10804	10876	10911	10983	11018

Jeera	20-Jan'12	15010	15204	15430	15624	15850
	20-Feb'12	15461	15668	15882	16089	16303

Pepper	20-Jan'12	30693	31112	31363	31782	32033
	20-Feb'12	31503	31817	32058	32372	32613

Mentha Oil	31-Jan'12	1460	1493	1509	1542	1559
	29-Feb'12	1472	1504	1522	1554	1572

MCX Commodities Technical Levels 20-Jan

2012-01-20T09:57:00.000+05:30

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27152	27236	27471	27484	27648
	5-Apr'12	27546	27623	27774	27851	28002
28523
SILVER	5-Mar'12	52880	53160	53508	53788	54136
	5-May'12	53956	54162	54563	54769	55170

CRUDE OIL	19-Jan'12	4968	5001	5065	5098	5162
	20-Feb'12	5025	5054	5110	5139	5195

NAT GAS	25-Jan'12	113	115	120	122	127
	24-Feb'12	117	119	123	126	130

COPPER	29-Feb'12	416	420	422	426	428
	30-Apr'12	421	424	426	429	431

NICKEL	31-Jan'12	975	994	1005	1023	1034
	29-Feb'12	983	1000	1012	1029	1040

LEAD	31-Jan'12	105	106	107	108	109
	29-Feb'12	106.5	107	108	109	110

ZINC	31-Jan'12	99.8	100.8	101.8	101.8	102.8
	29-Feb'12	100.8	101.8	102.8	102.8	103.8

ALUMINIUM	31-Jan'12	109	109.5	110	111	112
	29-Feb'12	110	110.5	111	111	112

MCX NCDEX Kapas Tips

2012-01-19T14:00:00.002+05:30

On Wednesday, Kapas closed around 1000. Currently, MCX Kapas (31 March contract) is trading at 1008.30 up by 11.80 points or 1.18% and MCX Kapas (30 April Contract) is trading at 1011.30 up by 10.80 points or 1.08%. For Today, we advise to buy Kapas for Long-term with strict stop loss of 746.52 and for short-term buy with stop loss of 786.66.

MCX Commodities Technical Levels 19- Jan

2012-01-19T12:53:00.002+05:30

Commodity	Contract	S2	S1	R1	R2
GOLD	4-Feb'12	27410	27494	27702	27806
28523
SILVER	5-Mar'12	52130	52638	53729	54206

CRUDE OIL	19-Jan'12	5050	5076	5133	5158

NAT GAS	25-Jan'12	121	123	128	133

COPPER	29-Feb'12	415	417	421.5	424.5

NICKEL	31-Jan'12	985	989	1000	1007

LEAD	31-Jan'12	104	105	106	107.5

ZINC	31-Jan'12	100	100.6	102	102.6

ALUMINIUM	31-Jan'12	110	110.7	112.1	113

NCDEX Commodities Technical Levels 19- Jan

2012-01-19T11:48:00.000+05:30

Agri	Contract	S2	S1	R1	R2
Chana	Feb'12	3117	3143	3211	3247

Soybean	Feb'12	2475	2500	2559	2587

Turmeric	Apr'12	4526	4562	4649	4692

Guarseed	Feb'12	9773	9941	10485	10807

Jeera	Feb'12	15715	15889	16309	16512

Pepper	Feb'12	31146	31423	31942	32134

NCDEX Guar Trend and Outlook

2012-01-19T11:25:00.001+05:30

Yesterday (Wednesday), Guar futures wiped out early losses and hit the 4% upper circuit, tracking the firm spot markets despite stringent measures taken by the regulator to curb volatility in its prices. The exchange has raised the long-side special cash margins to near about 60% from the earlier 40%, effective from Jan. 18. In the Jodhpur spot market guar seed rose 553 rupees to 10,538 rupees per 100 kg.

NCDEX Chana Updates: Trend and Outlook

2012-01-18T15:20:00.001+05:30

A very weak trade in Chana futures was witnessed during the last trading session. Chana opened gap down followed by sharp selling. In the mid session some buying was observed, but it could not hold and ended the trading session on lower circuit. Whereas, spot markets also witnessed highly mixed trade and up move of Rs 127.6 was witnessed in the Bikaner markets, whereas in Delhi market Chana witnessed down move of Rs.147.1.

NCDEX Guar Seed and Guar Gum Outlook

2012-01-17T09:46:00.000+05:30

NCDEX Guar efforts to stop the continuous speculation. After increasing 10% margin in Guar, NCDEX has increased special margin on Gwar seed and Guar Gum to 20%, which will be now total 72% margin on this commodity.
The initial margin will be 11.25% in February futures. The exposure margin will be 1% and 60% cash margin. The new margins will be implemented from Wednesday. NCDEX had decided to take 10% special margin on long positions in Guar since Friday, but it is applied from Monday.

NCDEX Commodities Technical Levels 14-Jan

2012-01-14T10:26:00.001+05:30

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Jan'12	3324	3402	3451	3529	3578
	20-Feb'12	3247	3311	3365	3429	3483

Soybean	20-Jan'12	2474	2491	2516	2533	2559
	20-Feb'12	2547	2567	2595	2615	2643

Turmeric	20-Apr'12	4537	4599	4693	4755	4849
	18-May'12	4382	4420	4490	4428	4598

Guarseed	20-Jan'12	9322	9464	9536	9678	9750
	20-Feb'12	9500	9626	9688	9814	9876

Jeera	20-Jan'12	15083	15403	15823	16143	16562
	20-Feb'12	15540	15867	16309	16636	17078

Pepper	20-Jan'12	29945	30356	30905	31315	31865
	20-Feb'12	30403	30803	31253	31653	32103

MCX Commodities Technical Levels 14-Jan

2012-01-14T10:10:00.000+05:30

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27265	27347	27475	27557	27685
	5-Apr'12	27575	27688	27831	27944	28087
28523
SILVER	5-Mar'12	51426	51706	52155	52435	52884
	5-May'12	52595	52823	53208	53436	53821

CRUDE OIL	19-Jan'12	4950	5018	5136	5204	5322
	20-Feb'12	5000	5059	5161	5221	5322

NAT GAS	25-Jan'12	135	137	140	142	144
	24-Feb'12	139	141	144	146	148

COPPER	29-Feb'12	408	412	417	421	426
	30-Apr'12	412	416	421	425	429

NICKEL	31-Jan'12	986	998	1012	1024	1038
	29-Feb'12	992	1004	1017	1029	1043

LEAD	31-Jan'12	103	104	105	106	107
	29-Feb'12	105	106	106	107	108

ZINC	31-Jan'12	100	101	102	103	104
	29-Feb'12	101	102	103	103	104

ALUMINIUM	31-Jan'12	109	110	111	112	113
	29-Feb'12	110	111	112	112	113

NCDEX Updates for Today

2012-01-13T11:12:00.002+05:30

Yesterday, Guar Seed futures hit a new record high for the 4th straight session with a 4% rise, shrugging off regulatory measures to curb volatility. In Jodhpur spot market, Guar seed rose 352 rupees to 9,319 rupees per 100 kg.

Chana- In the Delhi spot market, Chana rose 50 rupees to 3,480 rupees per 100 kg.

Yesterday, Pepper futures ended higher due to expectations of fresh export demand as Indian produce is at a discount to its competitors in the international market. In the Kochi spot market, pepper prices rose 80 rupees to 31,396 rupees per 100 kg. Pepper January futures is expected to continue the positive trend on lower level buying.

Turmeric exports during April-November rose 62% to 58,000 tonnes. In Nizamabad, turmeric fell 52 rupees to 5,149 rupees per 100 kg. Turmeric April futures expected to open on flat to positive note on extended buying.

Chilli February prices are projected to open on lower note on extended selling pressure.

Cardamom futures are expected open on slightly positive note on short covering. Jeera futures hit the daily permissible upper limit of 4% due to a decline in the daily spot supplies and overseas inquiries. Spot prices at Unjha market gained around 219 rupees to 15,900 rupees per 100 kg.

Cumin exports during April-November rose 27% to 26,500 tonnes.

NCDEX Commodities Technical Levels 13-Jan

2012-01-13T09:53:00.000+05:30

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Jan'12	3404	3453	3492	3541	3580
	20-Feb'12	3361	3382	3412	3433	3463

Soybean	20-Jan'12	2489	2520	2537	2568	2586
	20-Feb'12	2541	2588	2612	2659	2683

Turmeric	20-Apr'12	4611	4629	4649	4667	4687
	18-May'12	4435	4451	4471	4487	4507

Guarseed	20-Jan'12	8417	8827	9031	9441	9645
	20-Feb'12	8547	8961	9168	9582	9789

Jeera	20-Jan'12	15222	15652	15876	16306	16530
	20-Feb'12	15657	16111	16337	16791	17017

Pepper	20-Jan'12	29830	30576	30950	31696	32070
	20-Feb'12	30186	30920	31336	32070	32486

MCX Commodities Technical Levels 13-Jan

2012-01-13T09:36:00.002+05:30

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27513	27582	27701	27766	27885
	5-Apr'12	27892	27947	28057	28113	28222
28523
SILVER	5-Mar'12	52122	52435	52919	53232	53716
	5-May'12	53185	53499	53997	54311	54809

CRUDE OIL	19-Jan'12	5203	5229	5270	5296	5337
	20-Feb'12	5233	5260	5298	5325	5363

NAT GAS	25-Jan'12	135	137	142	144	148
	24-Feb'12	139	141	145	147	152

COPPER	29-Feb'12	402	410	415	423	428
	30-Apr'12	406	414	418	426	431

NICKEL	31-Jan'12	996	1006	1017	1028	1039
	29-Feb'12	1002	1012	1023	1033	1043

LEAD	31-Jan'12	103	104	105	106	107
	29-Feb'12	106	106	106	107	108

ZINC	31-Jan'12	100	101	102	103	104
	29-Feb'12	101	102	103	104	105

ALUMINIUM	31-Jan'12	110	111	112	113	115
	29-Feb'12	111	112	113	114	115

NCDEX Guar Seed and Guar Gum News

2012-01-12T11:42:00.000+05:30

To prevent speculation in Guar the FMC has taken extreme step. FMC has reduced the brokers position limit of the clients in Guar Gum and Guar Seed. The new limit will apply from 21st January.
In Guar seed brokers client position limit has decreased about 20%. Whereas, the position limit for guar gum 40%. However, the client's position limit in Guar Gum has not changed.

NCDEX Outlook for Today 12-Jan

2012-01-12T11:06:00.000+05:30

Chilli arrivals declined about 30,100 bags at Guntur market as spot rates were offered in the range of 6,510 - 6,810 per quintal.

Jeera arrivals declined about 4,000-4,510 bags and the same were traded at auction held at Unjha market. The spot rates of Jeera closed higher by 82 - 102, with rates offered above 15,210 per quintal.

Pepper spot rates declined around 314 per kg and that of un-garbled was down around 299 per kg. Peppr arrivals declined about 3 tons & trades too were down around 7 tons at Kochi market, as per IPSTA.

Turmeric spot rates were steady around 48 - 52 per kg for old crop and 31 - 36 per kg for new crop, across major trading centers.

Soya Bean arrivals declined around 3 - 3.3 lakh bags across major trading centers.

Guar Seed arrivals declined to 2,927 quintals, while the average of the closing spot rates was up around 7,773 per quintal, as per agriculture marketing board of Rajasthan.

Mentha Oil spot rates closed above 1,459 per kg, while arrivals increased about 381 - 401. Futures eased slightly from day's high on profit-booking.

NCDEX Commodities Technical Levels 12-Jan

2012-01-12T09:54:00.001+05:30

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Jan'12	3415	3439	3450	3474	3485
	20-Feb'12	3345	3385	3410	3450	3475

Soybean	20-Jan'12	2488	2512	2532	2557	2577
	20-Feb'12	2533	2565	2590	2622	2647

Turmeric	20-Apr'12	4576	4604	4644	4672	4712
	18-May'12	4416	4448	4482	4514	4548

Guarseed	20-Jan'12	8550	8715	8798	8963	9046
	20-Feb'12	8726	8865	8941	9080	9156

Jeera	20-Jan'12	14979	15229	15355	15605	15732
	20-Feb'12	15433	15680	15804	16052	16176

Pepper	20-Jan'12	28823	29453	29883	30513	30943
	20-Feb'12	29393	29983	30393	30983	31393

MCX Commodities Technical Levels 12-Jan

2012-01-12T09:38:00.001+05:30

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27508	27579	27659	27730	27810
	5-Apr'12	27879	27948	28021	28090	28163
28523
SILVER	5-Mar'12	51870	52245	52609	52984	53346
	5-May'12	52930	53318	53694	54082	54458

CRUDE OIL	19-Jan'12	5197	5242	5279	5324	5361
	20-Feb'12	5233	5272	5301	5340	5369

NAT GAS	25-Jan'12	139	142	147	150	156
	24-Feb'12	142	145	151	154	160

COPPER	29-Feb'12	401	405	407	411	413
	30-Apr'12	405	408	410	414	416

NICKEL	31-Jan'12	989	998	1009	1018	1029
	29-Feb'12	995	1005	1015	1024	1034

LEAD	31-Jan'12	103	104	105	105	106
	29-Feb'12	104	105	106	107	108

ZINC	31-Jan'12	99	100	101	102	103
	29-Feb'12	100	101	102	103	104

ALUMINIUM	31-Jan'12	111	112	112	113	114
	29-Feb'12	112	113	113	114	115

NCDEX Commodities Technical Levels 11-Jan

2012-01-11T10:22:00.001+05:30

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Jan'12	3373	3405	3423	3455	3474
	20-Feb'12	3335	3354	3374	3393	3413

Soybean	20-Jan'12	2478	2502	2537	2561	2596
	20-Feb'12	2526	2553	2588	2615	2649

Turmeric	20-Apr'12	4551	4595	4649	4693	4747
	18-May'12	4413	4451	4499	4537	4585

Guarseed	20-Jan'12	8195	8367	8453	8625	8711
	20-Feb'12	8312	8492	8581	8761	8850

Jeera	20-Jan'12	14643	14899	15221	15477	15799
	20-Feb'12	15249	15427	15701	15879	16153

Pepper	20-Jan'12	29231	29570	30246	30585	31261
	20-Feb'12	29631	29950	30586	30905	31541

MCX Commodities Technical Levels 11-Jan

2012-01-11T10:04:00.001+05:30

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27392	27468	27555	27631	27718
	5-Apr'12	27763	27841	27922	28000	28081
28523
SILVER	5-Mar'12	51189	51884	52453	53148	53717
	5-May'12	52353	53003	53554	54204	54755

CRUDE OIL	19-Jan'12	5271	5299	5335	5363	5399
	20-Feb'12	5305	5328	5361	5384	5417

NAT GAS	25-Jan'12	147	150	155	159	164
	24-Feb'12	151	154	159	162	167

COPPER	29-Feb'12	396	401	403	407	410
	30-Apr'12	400	405	407	411	413

NICKEL	31-Jan'12	993	1002	1009	1019	1025
	29-Feb'12	999	1008	1015	1024	1031

LEAD	31-Jan'12	102	103	105	106	107
	29-Feb'12	104	105	106	107	108

ZINC	31-Jan'12	98	99	100	101	102
	29-Feb'12	99	100	101	102	103

ALUMINIUM	31-Jan'12	110	111	111	112	113
	29-Feb'12	111	112	112	113	114

NCDEX Commodities Technical Levels 10-Jan

2012-01-10T11:14:00.000+05:30

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Jan'12	3343	3387	2498	3470	3509
	20-Feb'12	3332	3352	3377	3397	3422

Soybean	20-Jan'12	2460	2485	2498	2523	2535
	20-Feb'12	2497	2527	2544	2574	2591

Turmeric	20-Apr'12	4621	4649	4697	4725	4773
	18-May'12	4458	4494	4528	4564	4598

Guarseed	20-Jan'12	7635	7921	8065	8351	8495
	20-Feb'12	7836	8086	8210	8460	8586

Jeera	20-Jan'12	14878	15124	15508	15754	16138
	20-Feb'12	15330	15566	15958	16194	16586

Pepper	20-Jan'12	30252	30577	31227	31552	32202
	20-Feb'12	30815	31089	31610	31884	32405