Latest Post

Crude palm oil had taken support at the rising trendline. Since then it has been riding the up trend. However recently it has formed an ending diagonal and has broken on the downside. This indicates that the rally has matured atleast from short-term perspective. The daily momentum indicator has given a fresh sell signal. At this level risk-reward ratio is also extremely favorable for bears. Hence one can short the commodity with reversal above Rs572.4 on a closing basis. The targets would be Rs555 and Rs541.
Read more »

Jeera has been in a downtrend. It has broken the rising trendline decisively. Thus it has broken down from the wedge pattern. It has fallen towards the weekly lower Bollinger Band, which is expanding, indicating that further fall is likely. The weekly momentum indicator is in sync with the bearish breakout. However the daily momentum indicator is showing a positive divergence. Thus a short term bounce is possible, which should be used as a selling opportunity. The channel target on the downside is Rs10,250. Reversal can be trailed to the 20-weekly moving average (Rs14,300).

Read more »

Soya bean has given a breakout from a triangle formation on the weekly charts. Soya bean is trading well above its 20- and 40-weekly moving averages of Rs2,427 and Rs2,410 respectively. The momentum indicators have given a positive crossover and are above the equilibrium line. We are expecting Soya bean to trade with a positive bias with target of Rs2,949 in the short term with the key reversal levels at Rs2,668.
Read more »


NCDEX pepper was trading near the lower end of the medium-term rising channel. The weekly lower Bollinger Band provided support to the agri commodity and push it up. The price has crossed the 40-Weekly Exponential Moving Average (Rs31,500) and the 20-weekly moving average (Rs33,500). The weekly momentum indicator has triggered a bullish crossover. Hence pepper seems to have started a new move on the upside. Unless it breaks the 20-weekly moving average on a closing basis the channel targets are Rs40,900 and Rs45,900.

Read more »
Subscribe to: Posts (Atom)
SHUBHLAXMI NCDEX © 2015. All Rights Reserved.
Powered by Blogger

Author Name

Contact Form

Name

Email *

Message *

© All Rights Reserved 2008-2009,Shubhlaxmi Investments. Powered by Blogger.