Daily commodities calls!

Calls & Repots:

NCDEX Sugar November
The November contract sugar prices traded higher in the last trading session and after making a high of 1838 it settled at 1836 levels. The immediate resistances can be seen at 1844 and then 1860 levels. Likewise, the supports are at 1820 levels. We expect sugar to move higher and recommend taking long positions on dips for the day.

NCDEX Soybean - November
Soybean settled slightly higher making marginal gains over previous day’s close. Prices opened on a weaker note and moved lower initially. However, some short covering in the market pushed prices higher, erasing the initial losses made. Prices may continue the momentum higher in today’s trade also but the strength may be subdued. Resistance is seen at 1920 levels.

NCDEX RM Seed – November
RM Seed prices settled higher after opening lower with a gap lower, as short covering pulled prices higher. Prices gapped open lower and continued the bearishness in the initial market hours. However the short covering that ensued in the markets took prices higher, erasing the losses made earlier. Market tested a good support at 570 levels and a close above 612 levels may see prices rally higher. For the day we expect prices to remain on the higher side.

NCDEX Guarseed– Nov
Guarseed futures settled higher in yesterday’s trade even as prices continued their consolidation for one more day. Markets opened on a weaker note, with prices opening lower than the previous day’s close. After posting the low for the day at 1643 levels, however, prices started to move higher finally settling at 1669 levels. Markets are very much indecisive with prices not giving any clarity with regards to the direction. Prices may remain sideways in today’s trade also.











NCDEX Pepper – November
Pepper futures edged higher on Tuesday as markets found good buying support around the supports at 13700 levels. Prices were mostly range bound till the closing hours, when prices surged higher taking markets past the resistance around 14000 levels. Market finds next resistance around 14500 levels. A close above these levels may see prices test 15000 levels. For the day we see prices continuing the upward journey.

NCDEX Steel Oct Sell at 27900-950 TP 27550 SL 28250

NCDEX Guar seed Nov Buy at 1663-60 TP 1683 SL 1645

NCDEX Soybean Nov Sell at 1900 TP 1860 SL 1925

NCDEX RM Seed Nov Sell at 595 TP 580 SL 600

NCDEX Chilli Oct Buy at 5180-90 TP 5070 STRICT SL 5120

NCDEX Pepper Oct Buy at 13820 TP 14050 SL 13630

NCDEX Turmeric Oct Buy at 3845 TP 3910 SL 3820

NCDEX Jeera Nov Buy at 11100 TP 11400 SL 10870

NCDEX Sugar Nov Buy at 1825-30 TP 1855 SL 1815

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.

Pick of the day:
STEEL- October-NCDEX: SELL BELOW 27700 TARGETING 27550 AND THEN 27350 WITH STOP LOSS ABOVE 28000, CLOSED AT 27800
Lack of any fresh fundamental trigger amid weak international markets and price reduction announcements is pressuring the metal to trade lower. We anticipate steel prices to trade lower for the day.
TURMERIC- October-NCDEX: BUY IN THE RANGE OF 3828-3839 TARGETING 3900 WITH STOP LOSS BELOW 3795, CLOSED AT 3867
Declining warehouses stock in NCDEX warehouses and increase in spot prices may result in speculat! ive buying in the market.
Spices
Pepper: Pepper futures saw a sharp rally in yesterday’s session following emergence of fresh buying supported by strong fundamental factors. With the fresh export enquiries coming into India, exporters have started buying the futures as the inventory level in the physical market is very thin. The October contract Pepper futures traded surged to an intraday high of 13970 levels from a low of 13510 levels and ended the session at 13928 levels gaining by 2.42%.

Jeera: Jeera futures recovered sharply and crossed 2 percent upper circuit mainly due to short covering, which is supported by firmness in most of the spices. The active futures November NCDEX traded sideways for most of the day and huge buying towards end of session pushed up prices to Rs11255 and it closed at Rs11201 per quintal.

Turmeric: In previous trading session turmeric prices initially traded on lower side on continuation of continued profit taking, later prices recovered on improved spot price in Nizamabad market. In October contract prices after testing the days low at 3765 levels, recovered to 3884 levels before closing on positive note at 3867 up by 1.5%

Chilli: On NCDEX, futures chilli prices witnessed a slight pullback on recent massive fall from Rs. 5450 levels to 5130 levels. October contract chilli prices ended the session on positive note at 5208 levels after testing an intraday low at 5146 levels.

Coriander: Coriander futures also recovered after making new contract low. The active contract October MCX made new low of Rs7650 and recovered towards Rs7890 levels before closing at Rs7816 per quintal. Short covering on recent fall and firm tone in other spices helped coriander prices to recover from contract low.

PICK OF THE DAY:
NICKEL- October-NCDEX: SELL AROUND 758-62 TARGETING 745 WITH STOP LOSS ABOVE 772, CLOSED AT 754
Strengthening dollar and weak demand prospects is li! kely to weigh down on nickel prices

NCDEX Guar seed Nov Sell at 1669-72 TP 1652 SL 1690

NCDEX Soybean Nov Sell at 1835-40 TP 1800 SL 1862

NCDEX RM Seed Nov Sell at 588-90 TP 576 SL 595

NCDEX Pepper Oct Sell at 13900-920 TP 13700 SL 14080

NCDEX Turmeric OctSell at 3920 TP 3850 SL 3945

NCDEX Sugar Nov Sell at 1829-33 TP 1810 SL 1851

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.

Mustard Seed
Mustard seed futures are forecast to continue its downward trend in line with weak soybean market coupled with speculative-driven selling pressure in the market. Anticipation of higher acreage under mustard seed cultivation during upcoming Rabi season is likely to put pressure on the market
Spices
Pepper: Pepper futures took a moderate correction on the recent rally as the investors covered their long positions ahead of holiday on Thursday. However, sharp fall was not seen as the fundamentals are strong for the prices to trade higher. The November contract Pepper futures fell to an intraday low of 13731 levels from a high of 14137 levels and ended the session marginally down by 0.65% at 13837 levels.

Jeera: Jeera gained further on continued short covering supported by improve spot market. The active futures November NCDEX made high of Rs11395 and closed at Rs11242 levels. The spot prices moved up by Rs50 per quintal taking cues from futures even as no major activities were seen in last few days.

Turmeric: In previous trading session, turmeric prices initially traded on higher note on tracking the improved spot price and posted a high at 3922 levels. At day’s high on profit taking prices sharply tumbled to 3851 levels before closing at 3871 levels marginally up by 0.08% compared to previous day closing.

Chilli: On NCDEX, futures chilli prices after testing the contract low at 5130 levels sharply recovered in last tow trading session on the back of fresh buying at lower levels. Prices in last trading session went up and posted an intraday high at 5255 levels before closing at 5255 levels up by 1.15%.

Coriander: Coriander prices moved up sharply on fresh buying at these lower levels. The active contract October MCX made high of Rs8050 and closed above Rs8000 mark. Lack of selling pressure

NCDEX Sugar November
The November contract sugar prices were seen trading slightly lower with settling at 1826 levels.Market is likely to take some correction and the next supports at 1800 and then 1786 levels. Likewise, the resistances can be seen at 1840-1845 levels. We recommend taking short positions for the day.

ncdex oct jeera @ cmp 11000 sl below 10850 T1 11200

guarseed ncdex -nov buy @ 1688 T1 1715 t2- 1730 s/l 1670 (intra day - modetrate risk)
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I read your previous calls,

Will you please give me details about todays or future calls.

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I have Join today your group, need your co-opration. Please guide me about commodities trading.

Hello Group,

I have Join today your group, need your co-opration. Please guide me about commodities trading.

Mustard Seed
Mustard seed futures are also likely to trade weak due to weakness in other edible oil seed futures even as sowing of mustard seed start in November. Anticipation of good sowing in the next season and bearish trend in overall edible oils may pressurize the prices futures in near future.

Spices
Pepper: Pepper prices fell sharply along with all spices due to profit taking on recent rally. The active contract ovember NCDEX lost by 4 percent and closed at Rs13293 per quintal. After two weeks rally on fresh demand, ome profit taking was seen at higher levels.

Jeera: Jeera futures fell further tracking weak spot markets on week end trading session. The active futures, ovember NCDEX made low of Rs10570 and closed at Rs10670. The prices made new weekly low closing ndicating bearish sentiments in near future.

Turmeric: In previous trading session, turmeric prices initially traded on lower side on the back of profit taking on ecent upward movement. After a slight correction prices recovered to 3864 levels before closing at 3854 levels up y 0.23%. The improved spot prices supported the firm movement in last couple of days in futures market.

Chilli: In last trading session, chilli prices witnessed a sideways with range bound movement due to lack of fresh riggers from the fundamentals factors. In active October, contract prices traded in the narrow range of Rs. 5166 evels to 5203 levels before closing on negative note at 5183 levels down by 0.65%.

Coriander: Coriander futures also fell sharply on profit taking on week end trading session, where active contract ctober MCX fell towards Rs8000 levels. Although, spot markets were quite strong through out the week, the week end profit taking pulled down prices towards Rs8000 from high of Rs8267 levels.

NCDEX Sugar November
The November contract sugar prices were in a correction mode and settled the previous session on higher levels at 1799 levels. Market is expected to see a good correction with an immediate resistance of 1808 levels. Only on break of the same it may test 1820 levels. Likewise, the supports are at 1775 levels. We expect sugar to trade sideways to highertoday.

NCDEX Steel Oct Sell at 27670-700 TP 27400 SL 27850

NCDEX Guar seed NovSell at 1705-08 TP 1680 SL 1720

NCDEX Soybean Nov Sell at 1740-45 TP 1715 SL 1770

NCDEX RM Seed Nov Sell at 590 TP 580 SL 593.50

NCDEX Chilli Oct Sell at 5200 TP 5148 SL 5230

NCDEX Pepper Oct Sell at 13450-480 TP 13000 SL 13725

NCDEX Jeera Nov Sell at 10900-920 TP 10520 SL 11120
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.