tag:blogger.com,1999:blog-81173693065662728282024-03-13T21:55:48.411+05:30SHUBHLAXMI NCDEXThe complete stock portal Indian stock market (MCX,NCDEX,NSE,BSE) International, Nymex,World Market Live Rate Daily Pivot Point GOLD,SILVER,Crude,Copper,Lead,Zink,Nickel,NG Free Power Levels & Breaking news,Trading calls,short term picks,results & more Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comBlogger70125tag:blogger.com,1999:blog-8117369306566272828.post-80787938876585765652016-05-06T17:44:00.003+05:302016-05-08T14:25:11.954+05:30Ncdex Soya oil Correction mode<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyO1LB2EV_RZGkvmDhO2DLfZR0kWa7vbjlie4ohQwHAvLd2KUuURzmo30pwYDxsTns7Z6RM_Ps6tdu5OjSjjqXxMVXQ5CECEtrM0G5enH3ZFqhXiso2Lz70P-ZNHjkHLQmbZJAlQ7kTX-e/s1600/soya_oil_3.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyO1LB2EV_RZGkvmDhO2DLfZR0kWa7vbjlie4ohQwHAvLd2KUuURzmo30pwYDxsTns7Z6RM_Ps6tdu5OjSjjqXxMVXQ5CECEtrM0G5enH3ZFqhXiso2Lz70P-ZNHjkHLQmbZJAlQ7kTX-e/s1600/soya_oil_3.jpg" /></a><br />
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<h4>
Soya oil: Correction mode</h4>
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Adjacent chart shows price movement of NCDEX soya oil continuous contract. Structurally the oil formed a multimonth triangle, which broke out on the upside. From there the oil rallied nicely. The up move got over at 682.70. From there the agri-commodity has entered correction mode. The daily momentum indicator is in bearish mode. A minor degree bounce faced resistance near the key daily moving averages (DMAs). Thus the next leg down is expected to start off, which can target Rs621-615.5. on the flip side, Rs652-657 is a key resistance zone on a closing basis.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUHXBW7qRZWUgGf3jbu77Jp18wm7FeqroDd4xdRHdpGsMu0lG5pdsoePEJnBSr_qSiZySOcu9yPHJiu2D72G-fvjn-iG-5lqqigqAGV8hMPO6kNRkaQZfB-gY75BXWVKFgle_3ovrHlrSM/s1600/Chart111.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUHXBW7qRZWUgGf3jbu77Jp18wm7FeqroDd4xdRHdpGsMu0lG5pdsoePEJnBSr_qSiZySOcu9yPHJiu2D72G-fvjn-iG-5lqqigqAGV8hMPO6kNRkaQZfB-gY75BXWVKFgle_3ovrHlrSM/s1600/Chart111.jpg" /></a></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-51770446729983775632016-05-02T12:43:00.000+05:302016-05-02T12:43:15.353+05:30NCDEX jeera is moving up in a channelised manner<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVauh4wCkgaiYGBINhH_o-a56KoJ2kAj0OKRaGABUZnCLX2eU4aka-SMOZR-7uDREnQLLFbqI9jvZ81iKpgS4tALB4nyCnEHMV0vMdll7QGnlbdWq_Y4f74rqtFy97vQEMWGcPRwchpAjr/s1600/jeera.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVauh4wCkgaiYGBINhH_o-a56KoJ2kAj0OKRaGABUZnCLX2eU4aka-SMOZR-7uDREnQLLFbqI9jvZ81iKpgS4tALB4nyCnEHMV0vMdll7QGnlbdWq_Y4f74rqtFy97vQEMWGcPRwchpAjr/s1600/jeera.jpg" /></a><br />
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NCDEX jeera is moving up in a channelised manner since the beginning of February. It has formed a channel within a channel. The move that has started from the March low has now reached near a crucial resistance zone. This leg has achieved 161.8% of the equality target and retraced 78.6% of the previous fall. It has also halted near upper ends of both the channels. The short-term momentum indicator has been stretched to the overbought zone. Thus the agri commodity can go for a correction. Rs16,670-16,625 will be the key area on the downside. On the higher side, Rs17,670-18,185 will act as a key resistance area.
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_-q7h7gBf6w1zPlwEMe79yiVBa-2SShjo6nvA7opRGXzVLx8FrMbmnjXEb417u1sD1JYJB3BaGOX5Cw6zix6T8uPimQGH6Xmj2vQhB8CI6paFm9jKC7W5SEfeyDVJq4mptTr5gyDQlxPR/s1600/Chart111.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_-q7h7gBf6w1zPlwEMe79yiVBa-2SShjo6nvA7opRGXzVLx8FrMbmnjXEb417u1sD1JYJB3BaGOX5Cw6zix6T8uPimQGH6Xmj2vQhB8CI6paFm9jKC7W5SEfeyDVJq4mptTr5gyDQlxPR/s1600/Chart111.jpg" /></a></div>Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-38318959775478504292016-04-28T13:58:00.003+05:302016-04-28T14:00:54.928+05:30NCDEX Soya oil Going for a dip<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjo5ievocMl9ZTOrAZ9MHyxkdLJWQsbvVfNdS03Yi7-FnrT7dY-YW3NsYU8ZMdzkfyt8IKwyrVCn6SsmX-v-9-rdQxXHin-qypV0H_0fGym6gyXeFqBO4_ETl5usPtreY1qMU50iJl2e2o/s1600/soya+oil.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjo5ievocMl9ZTOrAZ9MHyxkdLJWQsbvVfNdS03Yi7-FnrT7dY-YW3NsYU8ZMdzkfyt8IKwyrVCn6SsmX-v-9-rdQxXHin-qypV0H_0fGym6gyXeFqBO4_ETl5usPtreY1qMU50iJl2e2o/s1600/soya+oil.jpg" /></a><br />
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Adjacent chart shows the price movement of NCDEX soya oil continuous contract. Structurally, the oil formed a multi month triangle, which broke out on the upside. Since then the oil rallied nicely. However the up move looks complete at Rs 682.70. From there the agri-commodity has entered short-term correction mode. The daily momentum indicator is showing negative divergence and has given a fresh sell signal. Thus soya oil can come down to test the daily lower Bollinger Band, ie Rs 635.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqmvK6TOLRzhIlKVukmMyZu-PcUNpzI_CWLs4M2n6A6cM_bOzWyjgE-9DSOQmympYp5aPB0hVbQ8RmyAU77CuWlO2XcnXMgjnxEYowEB1aYyYz1erZ51XWnPIY9U3MjMdoScexnwVWtmM/s1600/Chart111.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqmvK6TOLRzhIlKVukmMyZu-PcUNpzI_CWLs4M2n6A6cM_bOzWyjgE-9DSOQmympYp5aPB0hVbQ8RmyAU77CuWlO2XcnXMgjnxEYowEB1aYyYz1erZ51XWnPIY9U3MjMdoScexnwVWtmM/s1600/Chart111.jpg" /></a></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-30415477155716645652016-04-27T11:54:00.003+05:302016-04-27T11:54:29.220+05:30Ncdex turmeric has started falling once again<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsPNNt_kRXXDSejIgVk7hf7_JpFqn1KqFtfNVHOu0bGb02yZcrVLNydRsw3u7RgK8LpQvRdXh-SYEI0Pg_n53ldqkm52WLFclxW2arECt8mDz_cjvoSF80vdJYS_EdA7vjhBPwu0u-wd6r/s1600/turmeric.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsPNNt_kRXXDSejIgVk7hf7_JpFqn1KqFtfNVHOu0bGb02yZcrVLNydRsw3u7RgK8LpQvRdXh-SYEI0Pg_n53ldqkm52WLFclxW2arECt8mDz_cjvoSF80vdJYS_EdA7vjhBPwu0u-wd6r/s1600/turmeric.jpg" /></a>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKQEi1nFzmoeSrzfN4vN_6K69e7jhJN-ET9O5itmCbazCK5URIiU4Dv1L9K0B2H1k9eyJl7NXes8h_OglKtGiwgPTNxHCs7uOdnFHIuT38m9CUm1yzU6twN75dVPskRzuac3jnSNFtwLAu/s1600/Chart111.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKQEi1nFzmoeSrzfN4vN_6K69e7jhJN-ET9O5itmCbazCK5URIiU4Dv1L9K0B2H1k9eyJl7NXes8h_OglKtGiwgPTNxHCs7uOdnFHIuT38m9CUm1yzU6twN75dVPskRzuac3jnSNFtwLAu/s1600/Chart111.jpg" /></a><br />
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Adjacent chart shows price movement of NCDEX turmeric continuous contract. From the high of Rs 10,660, the agri-commodity had entered correction mode. The fall is breaking up into the lower degree waves. Recently turmeric broke out from a falling channel and formed a pullback. The bounce faced resistance near the multiple hurdles. From there turmeric has started falling once again. The daily momentum indicator is poised for a new cycle on the downside. Rs 7,815-7,475 will be the key levels on the downside from short- to medium-term perspective. On the other hand, Rs 8,632-8,700 will act as a key resistance zone.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-63717217591240044492016-04-25T16:05:00.000+05:302016-04-25T16:05:35.737+05:30Ncdex Soyabean is moving up in a channelised manner 25 April 2016<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOyVGexce0XaHFtzgvWsuNYqtWNl8b2x1EIBSXuIjGKTyyuzi09my-wwc6yLruOQo0p4l3J1FJRDueXN_9SqelaNj-6dX9ESmtO2uX68eIJ-vhZ2ZOYnplM9cpgewukQb0wi0N4V4SkXOt/s1600/soybean.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOyVGexce0XaHFtzgvWsuNYqtWNl8b2x1EIBSXuIjGKTyyuzi09my-wwc6yLruOQo0p4l3J1FJRDueXN_9SqelaNj-6dX9ESmtO2uX68eIJ-vhZ2ZOYnplM9cpgewukQb0wi0N4V4SkXOt/s1600/soybean.jpg" /></a><br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzjAsdfiE06z_mFm6CiWdkVqy_icJBEjvSevAtVMSwzztmlVbe7aRsDqakPDPUAZlGvjZIkbtyaJvHBYeIiqo1wB5aEFWg1ef1zadxz-MVYqrSKoXvX4AWO9qv-oZmgOsWFHnf8ByaNklp/s1600/Chart111.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzjAsdfiE06z_mFm6CiWdkVqy_icJBEjvSevAtVMSwzztmlVbe7aRsDqakPDPUAZlGvjZIkbtyaJvHBYeIiqo1wB5aEFWg1ef1zadxz-MVYqrSKoXvX4AWO9qv-oZmgOsWFHnf8ByaNklp/s1600/Chart111.jpg" /></a><br />
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For several weeks NCDEX soybean was oscillating about the key DMAs. In terms of price patterns, the agri-commodity formed a triangular pattern, which broke out on the upside. Since the breakout the commodity has been marching towards north. It consolidated near the previous high of Rs4,121 and 78.6% retracement mark for few days and started moving higher. The commodity is moving up in a channelised manner. The subsequent levels on the upside will be Rs 4,412 and Rs 4,560. The level of Rs 4,121 will act as a crucial support on a closing basis</div>Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-51243795857909571562015-08-21T12:09:00.004+05:302015-08-21T12:09:50.007+05:3021 Aug 2015 Technical Chart Mentha oil Bulls in action<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwhsXkez1xkJpVAcMYMrWY7yyl7IQweGOJ6azc51jFmKKBEVAPr-ro0e5BUNOuLUqD8qQf6I_DLdctXyPDPyAO5OG4VXPp_cuk9w49jU4o45iwA9qAacnNQkUxdL-8Q7xunfv5JbPDrqM/s1600/Chart111.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwhsXkez1xkJpVAcMYMrWY7yyl7IQweGOJ6azc51jFmKKBEVAPr-ro0e5BUNOuLUqD8qQf6I_DLdctXyPDPyAO5OG4VXPp_cuk9w49jU4o45iwA9qAacnNQkUxdL-8Q7xunfv5JbPDrqM/s1600/Chart111.jpg" /></a><br />
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<span style="font-family: Verdana, sans-serif;">MCX mentha oil was falling for several weeks. The fall unfolded in a channelised manner. However the agri commodity has entered a pull-back mode for the last few sessions. It has broken out from the channel on the upside. In terms of price pattern it has formed an inverted Head and Shoulder, which is bullish. The agri-commodity has completed the right shoulder and is on the verge of a breakout from the neckline. The daily momentum indicator is in line with the bullish formation. Thus this is an opportunity for bulls to go long with reversal below Rs.926. On the higher side Rs.1,016 and Rs1,030 will be the levels to watch out for.</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-22201815051664439242015-07-21T13:19:00.004+05:302015-07-21T13:19:37.723+05:30Ncdex Soya oil Bearish momentum<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgF3d8TrOixHk9K3_CfX-PKWvViI2yDgk5OC78i4PW01HwhUYRZU3mB517YNcNNNUICjxTKHMUskqwEyvjEk40TU6PFhG6P3tFRaz5rN36Xy1bVnPFafbxy-ewjILxUH_vGLB5BM006wW0/s1600/Chart111.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgF3d8TrOixHk9K3_CfX-PKWvViI2yDgk5OC78i4PW01HwhUYRZU3mB517YNcNNNUICjxTKHMUskqwEyvjEk40TU6PFhG6P3tFRaz5rN36Xy1bVnPFafbxy-ewjILxUH_vGLB5BM006wW0/s1600/Chart111.jpg" /></a><br />
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The adjacent chart shows price movement of NCDEX soya oil August contract. From the high of Rs.616.6, soya oil has been heading towards south. On the occasions of minor degree bounces it has been facing resistance near the key day moving averages. Recently it faced resistance there and has started falling down. The fall is breaking up into lower degree waves. The medium term momentum indicator is in line with the fall, whereas the daily momentum indicator has triggered a fresh bearish crossover. Thus unless the level of Rs.583 is crossed the agri-commodity is expected to trade with downward bias. The key levels on the downside will be Rs.566.80 and Rs.555.50.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-46511464561424231172015-07-17T12:15:00.000+05:302015-07-17T12:15:14.161+05:30Ncdex Cotton seed oil cake Keep an eye<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRCCTxpvfHFZJ4im6XZwK-iR5OYUMIehRj_-OvVNNSyFRmHX8UCJUtSYoYhXwN-RLOQYfetmqLkWapXoRsIvarFfbNMKKlOkrtlCEgEGRaCnEZ5TW8dlp5BR7vy07LMxsvnjdbB0BCuas/s1600/Chart111.jpg" imageanchor="1"><img border="0" height="436" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRCCTxpvfHFZJ4im6XZwK-iR5OYUMIehRj_-OvVNNSyFRmHX8UCJUtSYoYhXwN-RLOQYfetmqLkWapXoRsIvarFfbNMKKlOkrtlCEgEGRaCnEZ5TW8dlp5BR7vy07LMxsvnjdbB0BCuas/s640/Chart111.jpg" width="640" /></a><br />
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The adjacent chart shows the price movement of NCDEX cotton seed oil cake continuous contract. The agri-commodity was trading in a sideways manner for few sessions. It found support near the key day moving averages as well as near the medium-term rising trendline. The daily momentum indicator has triggered a buy signal. Thus from there the commodity has started heading higher. On the way up it crossed the high of Rs.1,907, however couldn’t sustain in the higher territory. As long as it trades above Rs.1,820, the bullish potential remains intact. Once the recent high of Rs.1,916 is crossed, the weekly upper Bollinger Band ie Rs1,953 will be the target. </div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-60916691740328239112015-07-13T10:56:00.000+05:302015-07-13T10:56:05.418+05:3013 July 2015 Technical Chart Jeera Poised for a fall<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUC8dszOl-oHO4KjMojdNQ4iHgFEEfEZjYmHYNpyvcqZRkSTLuZdqFXiL0Ki-7_ZlZFjoWhf_jmAaS26FF6Ve2Hc8NPTlNRRbpkRnWbLqZ4QD-rXw-jjYN4ZLXAN8VeWPVlzDQQqwdfws/s1600/Chart111.jpg" imageanchor="1"><img border="0" height="436" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUC8dszOl-oHO4KjMojdNQ4iHgFEEfEZjYmHYNpyvcqZRkSTLuZdqFXiL0Ki-7_ZlZFjoWhf_jmAaS26FF6Ve2Hc8NPTlNRRbpkRnWbLqZ4QD-rXw-jjYN4ZLXAN8VeWPVlzDQQqwdfws/s640/Chart111.jpg" width="640" /></a><br />
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NCDEX jeera has fallen signifi cantly in last few weeks. It has fallen towards the lower end of the reverse channel. On the higher side, it is facing resistance near the junction of the 40- day exponential moving average and the daily upper Bollinger Band. It is trading within this range for a last few sessions. Thus the agri-commodity is in a make or break zone. The short-term momentum indicator has completed its pull-back cycle whereas the medium-term momentum indicator is in a bearish mode. Thus unless the swing’s high of Rs.16,675 is crossed the commodity is likely to slide down. The key levels on the downside will be Rs15,100 and Rs.14,530.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-58295830236376221862015-07-10T10:28:00.003+05:302015-07-10T10:28:36.890+05:3010 July 2015 Technical Chart Soybean Bearish outlook<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-qAD-O3IY6kC7kkSo4Imcd_ZmcKsjS28DOBBNtzVQIKpDhvfjUfpbPWlDdbUea3-RauVHXuEdJkfprRRLxBcF7AAQ7sh7nSsnNCjxiYJFbAdcepkE0-KNXJTn72bLClOhXV-SVE3jh-w/s1600/Chart111.jpg" imageanchor="1"><img border="0" height="285" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-qAD-O3IY6kC7kkSo4Imcd_ZmcKsjS28DOBBNtzVQIKpDhvfjUfpbPWlDdbUea3-RauVHXuEdJkfprRRLxBcF7AAQ7sh7nSsnNCjxiYJFbAdcepkE0-KNXJTn72bLClOhXV-SVE3jh-w/s400/Chart111.jpg" width="400" /></a><br />
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The adjacent chart shows price movement of NCDEX soybean continuous contract. From the high of Rs.4,412 it has entered correction mode. The fall is breaking up into lower degree waves. Recently the agri-commodity formed a minor degree bounce, which faced resistance near the key daily and weekly moving averages. The upper end of the reverse falling channel is also restricted the bulls. Thus the price has started falling again. On the downside Rs3,408-3,400 is acting as a key support zone. Once that breaks, the price can tumble down till Rs3,325- 3,300. On the other hand, Rs3,547-3,580 will act as a key resistance zone.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-38330655740686959532015-01-06T12:40:00.002+05:302015-07-09T11:36:28.130+05:30NCDEX Turmeric resistance near the rising trendline<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZvfrQkRcfk0bzKFkj-S4BAuHeeejjDJ0eHS0eAS3NtRESYJfWJGNYxNrgKoJxsXJq43qP8XVixh481y6RMBLwBVy2iHiA7ZXMCzAnJRm7i6FtIhqelwF8xdDGOFk7bDfvJrtKhBanPMg/s1600/Chart101.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZvfrQkRcfk0bzKFkj-S4BAuHeeejjDJ0eHS0eAS3NtRESYJfWJGNYxNrgKoJxsXJq43qP8XVixh481y6RMBLwBVy2iHiA7ZXMCzAnJRm7i6FtIhqelwF8xdDGOFk7bDfvJrtKhBanPMg/s200/Chart101.jpg" /></a></div>
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The adjacent chart shows the price movement of NCDEX turmeric April contract. The agri-commodity has been rallying for the last several sessions. However it faced resistance near the rising trendline from the previous crucial swing’s high. The short-term momentum indicator is showing a negative divergence in the overbought zone and has triggered a bearish crossover. Thus the commodity looks set for a short-term correction. The price can correct till Rs8,586 and Rs8,500. On the other hand, Rs9,430 and Rs9,680 will act as key resistances.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-59920365176040190112014-12-24T11:35:00.001+05:302014-12-24T11:35:35.319+05:30Soya oil: Scaling higher<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdXQSDJGXaO6ZUUpiB4e6LhppnF32aZP7NNxhf1xWVT-pAjZAnTtTMRLlo1C36pAKM_booiCCxclX9c5WlxOq3Qb7hudUDD-X1JOPQcCG64NATKPDi4ZkN_s4sgwUiRmtQDNB4zcEtvhk/s1600/Chart101.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdXQSDJGXaO6ZUUpiB4e6LhppnF32aZP7NNxhf1xWVT-pAjZAnTtTMRLlo1C36pAKM_booiCCxclX9c5WlxOq3Qb7hudUDD-X1JOPQcCG64NATKPDi4ZkN_s4sgwUiRmtQDNB4zcEtvhk/s200/Chart101.jpg" /></a></div>
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The adjacent chart shows the price movement of NCDEX soya oil January contract. The agri-commodity is moving up in a medium-term rising channel. Within that channel it had formed a short-term falling channel. Recently it has broken-out from the falling channel. The daily momentum indicator is in line with the bullish breakout. The key level on the upside will be Rs.632, ie the upper end of the rising channel. The swing’s high of Rs.615.20 will act as an intermediate resistance. On the other hand, Rs.603 and Rs.596 will act as the key support zone.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-38107037465113506082014-12-23T11:28:00.000+05:302014-12-23T11:28:12.829+05:30Cottonseed oilcake A bullish stance<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjxQ7tqIHG5ZHpeFrWEHy8Ovn4frnzGPng3RNWjQ5ldHyGJHMIqFyMnAT5SbAkhCSsQ4j33BmwhcoqzatZYD3zFqVaic-hlla8SaBV3YPljh2YkeNuFQ8eYCTTjCBql7zvCbSGb94NP9w/s1600/Chart101.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjxQ7tqIHG5ZHpeFrWEHy8Ovn4frnzGPng3RNWjQ5ldHyGJHMIqFyMnAT5SbAkhCSsQ4j33BmwhcoqzatZYD3zFqVaic-hlla8SaBV3YPljh2YkeNuFQ8eYCTTjCBql7zvCbSGb94NP9w/s200/Chart101.jpg" /></a></div>
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The adjacent chart shows price movement of NCDEX cottonseed oilcake January contract. In last few sessions the agri-commodity has formed a short-term correction. It has taken support near the key daily moving averages. From there the commodity seems to have started next leg on the upside. The daily momentum indicator is in bullish mode. Once the swing’s high of Rs1,436 is crossed the price can head up till Rs1,453 and Rs1,487. On the other hand, Rs1,396 and Rs1,390 will act as a key support zone</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-29734326177396336762014-12-19T15:51:00.002+05:302014-12-19T15:51:56.310+05:30MCX Mentha oil Bulls having upper hand<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2tQybK2cxytYV6ZQHOCJVvsh2RC-vkOUS00mGSMpRezO1MOpOZRrBDYeLTWxAiQlFQaariWerRPxgmQFRLtGFN4kU2h6Ee7-cnrF_64cognp38MR1DnUW8mR4FO3oatM4li_YNoORo_0/s1600/Chart101.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2tQybK2cxytYV6ZQHOCJVvsh2RC-vkOUS00mGSMpRezO1MOpOZRrBDYeLTWxAiQlFQaariWerRPxgmQFRLtGFN4kU2h6Ee7-cnrF_64cognp38MR1DnUW8mR4FO3oatM4li_YNoORo_0/s200/Chart101.jpg" /></a></div>
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As can be seen from the adjacent chart, MCX mentha oil was trading in a medium-term downward sloping channel. Recently it crossed the upper end of the channel and retested it. Along with the channel line key daily moving averages acted as crucial supports for the agri commodity. At these supports the oil formed a bullish outside bar on the daily chart. As a follow through mentha oil has started a fresh move on the upside. It is forming higher tops higher bottoms on the daily chart, which is a bullish sign. The daily momentum indicator is in line with the price action. The key level on the upside will be Rs.746. On the other hand, Rs.708 and Rs703 will act as a key support zone.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-9021892434041525362014-12-17T15:12:00.002+05:302014-12-17T15:12:18.600+05:30Ncdex Chana Momentum picks up<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfPsJZrek0Y-zEOyaxL115N89bBFgLYKTayvgJwri4OeYKXtqPYnAPhZGtWY1zyNbSjTZ9ElBX1p5yTXRcdmTCuJTj9W8EofcHDMpOJgacWKzWT4UP6HHqbINyyNbLG8HmN2UiPh9BZME/s1600/Chart101.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfPsJZrek0Y-zEOyaxL115N89bBFgLYKTayvgJwri4OeYKXtqPYnAPhZGtWY1zyNbSjTZ9ElBX1p5yTXRcdmTCuJTj9W8EofcHDMpOJgacWKzWT4UP6HHqbINyyNbLG8HmN2UiPh9BZME/s200/Chart101.jpg" /></a></div>
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The adjacent chart shows price movement of NCDEX chana 2-month contract. It has formed short-term correction, which has retraced 50% of the previous up move. Near the key Fibonacci level it found support at various parameters. From there the agri-commodity has started the next leg up. The short-term momentum indicators are in bullish mode. From a short-term perspective chana is expected to test the high of Rs.3,287. Once the high is crossed it will be poised for a larger upside. The subsequent level on the upside will be Rs3,458. On the other hand, Rs.3,090 and Rs.3,034 will act as a key support zone.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-88859082991980821482014-12-16T11:47:00.001+05:302014-12-16T11:47:10.633+05:30Ncdex RM seed in a correction mode<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdB2PyZhs1TYxJ1JwARpaTXVvDLY8STF0py_ER3NJW6f_dBf9EbzaP9UbO9bo_Gt4N8NjdNn5zJfd_1ERG6gABOYe8glSdQ70N-CmwA8YrkMtN4g8b3qz9mN2b7Ii3Q1R0po8vb5byK3k/s1600/Chart101.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdB2PyZhs1TYxJ1JwARpaTXVvDLY8STF0py_ER3NJW6f_dBf9EbzaP9UbO9bo_Gt4N8NjdNn5zJfd_1ERG6gABOYe8glSdQ70N-CmwA8YrkMtN4g8b3qz9mN2b7Ii3Q1R0po8vb5byK3k/s200/Chart101.jpg" /></a></div>
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The adjacent chart shows the price movement of NCDEX RM seed 2-month contract. It was moving up for last several sessions. However it faced resistance near the upper channel line. From there it has entered a correction mode. The daily momentum indicator that had been stretched to the overbought zone has triggered bearish crossover. On the downside junction of 20-day moving average and the lower channel line ie Rs.3,950 and Rs3,935 will be the key area to watch out for. On the other hand, Rs4,093 and Rs4,110 will act as a key resistance zone</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-52766896437181111342014-12-15T13:00:00.004+05:302014-12-15T13:01:46.061+05:30NCDEX Soya oil Set for a decline <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNhNTfsnk5uUUV-1La1Lg-5oahtrbKE_KSdD623BZRUaPDgnBJFTv4zkTbdTiTpb_aWhXwMdyLoeM2caBo1NxX5_OktiIlxh1iNKKIgweA-IZ9wYpp6zf7OCcNZ01AmFR_92t2B4VHHVw/s1600/Chart101.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNhNTfsnk5uUUV-1La1Lg-5oahtrbKE_KSdD623BZRUaPDgnBJFTv4zkTbdTiTpb_aWhXwMdyLoeM2caBo1NxX5_OktiIlxh1iNKKIgweA-IZ9wYpp6zf7OCcNZ01AmFR_92t2B4VHHVw/s200/Chart101.jpg" height="141" width="200" /></a><br />
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The adjacent chart shows the price movement of NCDEX soya oil 2-month continuous contract. For the last few sessions it is facing resistance near the key daily moving averages. Structurally it is poised for the next leg down. In the last session it has formed a bearish Belt Hold candle. Thus the agri-commodity is expected to fall towards the low of Rs.585.50. The equality target on the downside comes to Rs.565. On the higher side, the swing’s high of Rs.593.80 will act as a key resistance on a closing basis.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-40031244298997544312014-12-11T15:16:00.000+05:302014-12-11T15:16:07.470+05:30NCDEX RM seed faced resistance near the upper channel line.<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEim1k6S3O0XBBdZFyF13pOe9J5CaH1f00pOf1Nz2kwa8ZE_QH2jdBecMmaAQloispBvQ2Gk2YK4YhhPgHD_Tp7Ayw-pd26Gv5BmXe05LZs0S6m-M7tuIpcqKjjmsunRhLRvS3jSU_NJQNs/s1600/Chart10.PNG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEim1k6S3O0XBBdZFyF13pOe9J5CaH1f00pOf1Nz2kwa8ZE_QH2jdBecMmaAQloispBvQ2Gk2YK4YhhPgHD_Tp7Ayw-pd26Gv5BmXe05LZs0S6m-M7tuIpcqKjjmsunRhLRvS3jSU_NJQNs/s320/Chart10.PNG" /></a></div>
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The adjacent chart shows the price movement of NCDEX RM seed 2-month contract. It has been moving up for the last few sessions. However it recently faced resistance near the upper channel line. From there it entered a correction mode. The daily momentum indicator has reached the overbought zone and needs to cool off. From a short-term perspective the agri commodity can come down till Rs.3,965 and Rs.3,915. On the other hand, the recent high of Rs.4,154 will act as a key resistance.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-38481098586726578052014-12-09T15:48:00.003+05:302014-12-09T15:49:49.022+05:30MCX mentha oil was trading in a medium-term downward sloping channel<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgse_WjwlKT5V4qSv38GDpvn44rR4gMAW61s6gJNI7y7JI7gp6mktrd9gVsARYX8aJpRUtuoj_xbcZw_Tg9Ac-Rlyj1lSObV9LLqB2wa4qGq8hITYcHH2cqyb57GV5Yu2tP49A0XUzlzLQ/s1600/Chart101.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgse_WjwlKT5V4qSv38GDpvn44rR4gMAW61s6gJNI7y7JI7gp6mktrd9gVsARYX8aJpRUtuoj_xbcZw_Tg9Ac-Rlyj1lSObV9LLqB2wa4qGq8hITYcHH2cqyb57GV5Yu2tP49A0XUzlzLQ/s320/Chart101.jpg" /></a></div>
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As can be seen from the adjacent chart, MCX mentha oil was trading in a medium-term downward sloping channel. Recently it has crossed the upper end of the channel and has retested it. Along with the channel line the key daily moving averages are there to provide support to the agri-commodity. At these supports the oil formed a bullish outside bar in the last session. Thus the commodity looks set to move higher. The key levels on the upside will be Rs740 and Rs.746. On the other hand, the swing’s low of Rs.691 will act as a key support on a closing basis.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-66484298816937163672014-12-08T16:22:00.001+05:302014-12-08T16:24:08.149+05:30 NCDEX soyabean December Test of supports<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjU_I25wd_p_2CvKn6H-7MX4rmZnEVi07KkJxv_9VT9BY-uKiF3PPEOw-B9wB1EKkyW-yNtBkoLPVL1bIReZWhndRcgFuYCPghm3M5reQg-SoKRavhvb0yNykP44DlZwLcpH8WfuNTkbY/s1600/Chart11.PNG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjU_I25wd_p_2CvKn6H-7MX4rmZnEVi07KkJxv_9VT9BY-uKiF3PPEOw-B9wB1EKkyW-yNtBkoLPVL1bIReZWhndRcgFuYCPghm3M5reQg-SoKRavhvb0yNykP44DlZwLcpH8WfuNTkbY/s320/Chart11.PNG" height="286" width="400" /></a></div>
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The adjacent chart shows the price movement of NCDEX soyabean December contract. For last few sessions the agri-commodity has been trading in sideways to a bearish manner. Currently it is trading near the lower end of a sideways channel. The junction of 40-day exponential moving average and the daily lower Bollinger Band is acting as an additional support. Thus the commodity seems to be forming a short term base. Rs3,217 and Rs3,196 is a key support zone. Till the time the support zone holds on a closing basis soyabean can move higher. The key levels on the upside will be Rs3,300 and Rs3,370.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-75167538648752150262014-03-24T09:30:00.000+05:302014-03-24T09:30:02.451+05:30Jeera To Trade Lower On Weak Fundamentals<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCiZKuqnhua45QiRyCMau-RR0Er71cvQx4At8J2YPcWSjULPT-G-CesOTe_zVFbAa0qP_-J3YBD5NXLaPBTyXGVOrcjfUhN2E9EugZ_5f-dRS6KCHbn-szd14A1n-MAPAp8zmOSsSOSvrM/s1600/Jeera.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCiZKuqnhua45QiRyCMau-RR0Er71cvQx4At8J2YPcWSjULPT-G-CesOTe_zVFbAa0qP_-J3YBD5NXLaPBTyXGVOrcjfUhN2E9EugZ_5f-dRS6KCHbn-szd14A1n-MAPAp8zmOSsSOSvrM/s320/Jeera.jpg" height="294" width="320" /></a></div>
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<span style="font-family: Verdana, sans-serif;">Jeera futures ended the day lower on short selling amid higher arrivals. The NCDEX Jeera April delivery ended the day at Rs9965, down Rs 125 or 1.24% over last close. Cumin seed is likely to drop further on bounty crop amid weak export demand at present.</span><br />
<span style="font-family: Verdana, sans-serif;"><br />The market sources suggested that the total domestic Jeera production is estimated at 55-60 lakh bags in the current year against the previous estimates of 45-48 lakh bags. This is mainly due to strong production estimates in Gujarat. The prices will also be pressurized by fresh supplies in local mandies. Traders are expecting that arrivals are likely to gain momentum in the coming days on the account of rising new supplies from Rajasthan.</span><br />
<span style="font-family: Verdana, sans-serif;"><br />Jeera failed to recover further as short selling emerged triggered by higher arrivals. The counter touched almost six year low with prices hitting low of Rs 9870 level. The counter ended the day at Rs9965, down Rs 125 or 1.24% over last close and the open interest added 147 tonnes to 9,699 tonnes, indicating short selling. Technically, the counter is likely to find support at Rs 9870, Rs 9800 and resistance is at Rs 10,000, Rs 10,100 per quintal.</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-10296367192645480882014-02-26T12:20:00.000+05:302014-02-26T12:20:11.246+05:30NCDEX soya oil March short-term uptrend<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFkijhaCjSeILjGmrLFntkgvqAiSdIzTiicZkOlN4-ZQOyQmmt4HwRCJxvZ1HpWZdc4YgT42ByaA3dk7bKNSaD_a21uTgA86-NRr_chll7Wx5owoIQ55Moj5pWg6QCGF5zs1q2FSUQd_Y/s1600/Chart.PNG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFkijhaCjSeILjGmrLFntkgvqAiSdIzTiicZkOlN4-ZQOyQmmt4HwRCJxvZ1HpWZdc4YgT42ByaA3dk7bKNSaD_a21uTgA86-NRr_chll7Wx5owoIQ55Moj5pWg6QCGF5zs1q2FSUQd_Y/s1600/Chart.PNG" height="228" width="320" /></a></div>
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<span style="font-family: Verdana, sans-serif;">The adjoining chart is of NCDEX soya oil March contract. We can observe that soya oil has been in a short-term uptrend for the past couple of weeks. It has been forming higher tops and higher bottoms on the daily charts which indicates an uptrend. The daily momentum indicator has a positive crossover and is currently trading above the 20- and 40-daily moving averages. Our initial target of Rs709 has been achieved. Traders are advised to trail their stop loss at Rs702 to protect their profits. The targets on the
upside are Rs718 and Rs728.
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Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-74744056014272928522014-01-31T11:53:00.000+05:302014-01-31T11:54:04.309+05:30Cardamom spurted further on the report of strong export demand<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhl5rgZOaWt5fZbafQGizJfiYM6q-b_bvrqctMbS582moMY4dAvAJ06-Bf1OeOp_lVeAGIOd-qCByRG5t_Oe2PdxBrKUDiygqqeG8t-kuz1tstjNAWm3Ib1ReV57LRItAN1LM1M76bDjk4/s1600/cardman.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhl5rgZOaWt5fZbafQGizJfiYM6q-b_bvrqctMbS582moMY4dAvAJ06-Bf1OeOp_lVeAGIOd-qCByRG5t_Oe2PdxBrKUDiygqqeG8t-kuz1tstjNAWm3Ib1ReV57LRItAN1LM1M76bDjk4/s400/cardman.jpg" height="400" width="400" /></a></div>
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<span style="font-family: Verdana, sans-serif;">Cardamom spurted further on the report of strong export demand. The spice continued it`s up trend for the sixth consecutive trading sessions with the futures hitting upper circuit in the last two sessions.MCX Cardamom for the February delivery ended the day at Rs 787.40, up Rs 30.20 or 3.99%. Technically, the counter is at overbought position as on Thursday close (the 14-day RSI is at 85 levels) and so a pull back can be expected in the coming sessions. Therefore, further acquisition of long positions should be careful.</span></div>
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<span style="font-family: Verdana, sans-serif;">As per the latest spices export data released by the spices board of India, India exported small Cardamom of 1,805 MT valued at Rs. 144.35 crore during the period April to November 2013, jumped 38% and 22% respectively in volume and value of exports. Indian crop also better on favorable weather this year and the next picking is just starting. The overall arrivals in the auctions in India so far 20th January 2014 are estimated at 13,264 tonnes, against 6,787 tonnes same period last year. The harvesting of the new crop had just started in Guatemala. Crop size is similar to last year.
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<span style="font-family: Verdana, sans-serif;">Cardamom spurted almost 16.60% in the year 2014 so far with the February contract hitting the high of Rs 787.40 a kg. The February contract ended the day at Rs 787.40, up Rs 30.20 or 3.99% and the open interest pared 156 tonnes to 2,204 tonnes, indicating short covering. Technically, the counter is likely to find resistance at Rs 799, Rs 807 and supports at Rs 783.50, Rs 775 level.
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<span style="font-family: Verdana, sans-serif;">Source : Capital Market</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-29163479388739192432014-01-29T11:35:00.002+05:302014-01-29T11:35:33.182+05:30Weekly chart of NCDEX jeera<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivppv9-ihvblWzBhq5lkb-O7fn0zHNk8teBf4YM0lus19u6hX3uusWsy9IEYYj0gEz429ApLkQQexd4Z2mSesRjnKI58eJ4HHx40k_Qq1DCkA6eXCDDjrZjEJYfN_BBwdAOhaAvgJXBm4/s1600/Chart11.PNG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivppv9-ihvblWzBhq5lkb-O7fn0zHNk8teBf4YM0lus19u6hX3uusWsy9IEYYj0gEz429ApLkQQexd4Z2mSesRjnKI58eJ4HHx40k_Qq1DCkA6eXCDDjrZjEJYfN_BBwdAOhaAvgJXBm4/s320/Chart11.PNG" /></a></div>
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<span style="font-family: Verdana, sans-serif;">The adjoining chart is a weekly chart of NCDEX jeera March 2014 contract. Jeera made a sharp pullback towards the medium-term rising trendline (shown in blue colour) after completing a five-wave decline on the downside. The agri-commodity has faced resistance at the crucial 61.8% retracement level and sold off from there. Last week we saw the agri-commodity traded in a volatile manner and closed the week with marginal gains. It was unable to close above the crucial weekly moving averages which indicates that the weakness still persists. We expect jeera to trade weak for the targets of Rs.11895, which is the previous swing’s low, and Rs11,275, which is the next swing’s low. The stop loss should be trailed to Rs12,947, which is the swing’s high.</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-8117369306566272828.post-4562841584201663772014-01-13T12:38:00.003+05:302014-01-13T12:38:33.915+05:30Pepper futures slipped for the six trading sessions<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYXL5Z2ekF7Qm4WIrdg_MCpEzzEdl3By_65hyMfk3s7lDrG-sdvoG2rrgS1ZZ3Bm5FIovnQx3su20RCYmzTMrR9B34ounYgWsjgmR-79dV1tQemIiglrJVi2oq6wGP6enKh9L0_GyT-AA/s1600/pepper.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYXL5Z2ekF7Qm4WIrdg_MCpEzzEdl3By_65hyMfk3s7lDrG-sdvoG2rrgS1ZZ3Bm5FIovnQx3su20RCYmzTMrR9B34ounYgWsjgmR-79dV1tQemIiglrJVi2oq6wGP6enKh9L0_GyT-AA/s1600/pepper.jpg" height="270" width="400" /></a></div>
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<span style="font-family: Verdana, sans-serif;">Pepper futures slipped for the six trading sessions on the back of reports of Vietnam easing the prices of new crops and arrivals of Indian crops in the local market. The NMCE pepper for the February delivery ended the day at Rs 51,067, down Rs 383 or 0.74% over Friday`s close. Pepper futures are expected to extend the losses on profit taking and reports of flow of arrivals from India and Vietnam`s plan to sell at lower rates.</span></div>
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<span style="font-family: Verdana, sans-serif;">It is reported that the new crop light Pepper as well as heavy Pepper has started arriving in the interior markets in India. The new crop size of the Indian share is estimated only 45,000-48000 tonnes with very limited carry over stocks. As per the previous week reports, Vietnam pepper quoted $500-1000 per tonnes lower as compared to Indian Pepper. As per the latest release from the General Department of Vietnam Customs, Vietnam had exported 1,34,000 tonnes of pepper with value of USD900 million in the whole year 2013, up 14.90% and surged 13.40% respectively in volume and value terms over same period last year. Vietnam pepper cultivated area estimated higher at 51,100 hectare in 2013, over 48,200 hectare in the last year, recording an increase of 6%. The overall production is estimated at 1,22,100 tonnes in 2013, up from 1,16,000 tonnes, the production increased by 5.30%.
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<span style="font-family: Verdana, sans-serif;">Pepper futures closed down the last six trading sessions with the counter falling almost 3.81% or Rs 2,012 per quintal during the last one week as selling pressure emerged in the counter. The counter closed settled the day at Rs 51,067, down Rs 383 or 0.74% over Friday`s close. Technically, the counter is likely to find support Rs 50850, Rs 50700 and resistance is at Rs 51200, Rs 51300 level.
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<span style="font-family: Verdana, sans-serif;">Source : Capital Market</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com