Daily commodities calls!
- Thread starter jack2k1
- Start date
Agri commodity call 14.07.08
Pick of the Day
Agri Commodities:
CHILLI- AUGUST-NCDEX: BUY AROUND 5518-27 TARGETING 5600 WITH STOP LOSS BELOW 5465, LTP 5551
Chilli prices ar! e projected to trade on positive note on tracking the firm sentiment in the physical market at Guntur coupled with strong buying interest from domestic and exporters
RMSEED-SEPTEMBER-NCDEX: SELL AT 673-677 TARGETING 668 THEN 662 WITH STOP LOSS AT 685. LTP 677.1
Mustard Seed futures are projected to fall in line with weak soybean market and tracking weak global market. A full fledged kharif oilseed sowing is likely to put pressure on mustard seed futures for near term.
NCDEX Sugar August
The August contract sugar prices were seen trading sideways and ended at 1553 levels. On today we may see prices taking an initial correction and the supports can be seen at 1540 levels. Likewise the resistances at 1565-68 levels. We expect sugar prices to trade initially lower and later on it may resume its upward direction. We recommend taking long positions around 1540-38 targeting 1575 with stop los below 1527 levels.
NCDEX- CER-Dec Buy at 1575 TP 1600 SL 1560
NCDEX Soybean July Sell at 2765-70 TP 2735 SL 2788
NCDEX Chilli Aug Buy at 5525 TP 5600 SL 5475
NCDEX Pepper July Buy at 14050 TP 14300 SL13950
NCDEX Sugar-July Buy at 1472 TP 1495 SL 1455
NCDEX Turmeric Aug Buy at 4565-70 TP 4620 SL 4543
NCDEX-RM SEED- JulySell at 648-49 TP 640 SL 653
NCDEX-Jeera-Sept Buy at 13185 TP 13300 SL 13125
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.
Pepper futures pared all the previous weakness on Saturdays trading session following short covering coupled with speculative led buying activity. The active August contract Pepper futures recovered to test an intraday high of 14530 levels from a low of 14333 levels and ended the session at 14406 levels gaining by 0.39%.
Jeera prices made new contract high due to good export orders and low arrivals. Most active contract September NCDEX made new high of Rs.13290 and closed at Rs.13240 levels. In spot markets, jeera traded above Rs.12000 for first time in this season.
Turmeric: In previous trading session, turmeric prices traded sideways to firm on increased buying interest on speculation of delayed sowing and on unfavorable weather conditions. Prices in August contract opened firm at 4577 levels on aggressive buying prices posted a high at 4610 levels. Finally, prices closed on positive note at Rs.4582 levels marginally up by 0.09% against previous closing.
Chilli: Chilli prices on exchange platform traded on firm note on tracking the higher export demand and lower arrivals in the market. In August contract prices closed at 2% circuit on account of fresh buying in the market. Prices surged up form the opening level of 5448 to 5558 levels. At the end prices settled in green zone at the days high.
Pick of the Day
Agri Commodities:
CHILLI- AUGUST-NCDEX: BUY AROUND 5518-27 TARGETING 5600 WITH STOP LOSS BELOW 5465, LTP 5551
Chilli prices ar! e projected to trade on positive note on tracking the firm sentiment in the physical market at Guntur coupled with strong buying interest from domestic and exporters
RMSEED-SEPTEMBER-NCDEX: SELL AT 673-677 TARGETING 668 THEN 662 WITH STOP LOSS AT 685. LTP 677.1
Mustard Seed futures are projected to fall in line with weak soybean market and tracking weak global market. A full fledged kharif oilseed sowing is likely to put pressure on mustard seed futures for near term.
NCDEX Sugar August
The August contract sugar prices were seen trading sideways and ended at 1553 levels. On today we may see prices taking an initial correction and the supports can be seen at 1540 levels. Likewise the resistances at 1565-68 levels. We expect sugar prices to trade initially lower and later on it may resume its upward direction. We recommend taking long positions around 1540-38 targeting 1575 with stop los below 1527 levels.
NCDEX- CER-Dec Buy at 1575 TP 1600 SL 1560
NCDEX Soybean July Sell at 2765-70 TP 2735 SL 2788
NCDEX Chilli Aug Buy at 5525 TP 5600 SL 5475
NCDEX Pepper July Buy at 14050 TP 14300 SL13950
NCDEX Sugar-July Buy at 1472 TP 1495 SL 1455
NCDEX Turmeric Aug Buy at 4565-70 TP 4620 SL 4543
NCDEX-RM SEED- JulySell at 648-49 TP 640 SL 653
NCDEX-Jeera-Sept Buy at 13185 TP 13300 SL 13125
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.
Pepper futures pared all the previous weakness on Saturdays trading session following short covering coupled with speculative led buying activity. The active August contract Pepper futures recovered to test an intraday high of 14530 levels from a low of 14333 levels and ended the session at 14406 levels gaining by 0.39%.
Jeera prices made new contract high due to good export orders and low arrivals. Most active contract September NCDEX made new high of Rs.13290 and closed at Rs.13240 levels. In spot markets, jeera traded above Rs.12000 for first time in this season.
Turmeric: In previous trading session, turmeric prices traded sideways to firm on increased buying interest on speculation of delayed sowing and on unfavorable weather conditions. Prices in August contract opened firm at 4577 levels on aggressive buying prices posted a high at 4610 levels. Finally, prices closed on positive note at Rs.4582 levels marginally up by 0.09% against previous closing.
Chilli: Chilli prices on exchange platform traded on firm note on tracking the higher export demand and lower arrivals in the market. In August contract prices closed at 2% circuit on account of fresh buying in the market. Prices surged up form the opening level of 5448 to 5558 levels. At the end prices settled in green zone at the days high.
calls july 18.07.08(agri NCDEX)
NCDEX Steel Aug Sell at 37000 TP 36450 SL 37250
NCDEX- CER-Dec Sell at 1550 TP 1520 SL 1565
NCDEX-Guar seed- Sept Sell at 2010 TP 1985 SL 2030
NCDEX Soybean Aug Sell at 2715 TP 2685 SL 2740
NCDEX Pepper Aug Buy at 14680 TP 15000 SL 14530
NCDEX Sugar-Aug Sell at 1610 TP 1590 SL 1622
NCDEX-Jeera-Sept Sell at 13680 TP 13500 STRICT SL 13770
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.
NCDEX Steel Aug Sell at 37000 TP 36450 SL 37250
NCDEX- CER-Dec Sell at 1550 TP 1520 SL 1565
NCDEX-Guar seed- Sept Sell at 2010 TP 1985 SL 2030
NCDEX Soybean Aug Sell at 2715 TP 2685 SL 2740
NCDEX Pepper Aug Buy at 14680 TP 15000 SL 14530
NCDEX Sugar-Aug Sell at 1610 TP 1590 SL 1622
NCDEX-Jeera-Sept Sell at 13680 TP 13500 STRICT SL 13770
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.
calls 21.07.08
NCDEX Sugar August
The August contract sugar prices were seen trading on a higher note and after it made a high of 1657 it closed at 1647 levels. Market is expected to move higher on today and the resistances can be seen at 1660 and then 1675 levels. The supports at 1640 then 1628 levels. We recommend taking long positions for the day.
NCDEX Steel Aug Sell at 36540 TP 36300 SL 36670
NCDEX- CER-Dec Sell at 1540 TP 1510 SL 1555
NCDEX-Guar seed- Sept Buy at 2100-05 TP 22150 SL 2080
NCDEX Soybean Aug Sell at 2690 TP 2660 SL 2705
NCDEX Chilli Aug Buy at 5800 TP 5900 SL 5775
NCDEX Pepper Aug Buy at 15050 TP 15300 SL 14900
NCDEX Sugar-Aug 1680 Buy at 1638-40 TP 1660 SL 1625
NCDEX-RM SEED- Sept Sell at 672 TP 660 SL 676
NCDEX-Jeera-Sept Buy at 14000 TP 14200 SL 13930
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.
Spiices
Pepper futures extended its previous gains on continued speculative led buying activity in absence of active trade participation from actual buyers and sellers. Fear of production fall due to inadequate rain in Kerala added bullish sentiment to the market. The active August contract Pepper futures surged to an intraday high of 15238 levels from a low of 14980 levels and ended the session at 15110 levels gaining by 0.38%.
rm seed sell sept @ 666 t1- 659.10 t2- 655 sl 672.1
pepper buy aug @14900t1- 15500 t2- 15700sl 14400
Jeera prices moved up sharply and all the contracts traded above Rs.14000 for the first time in last one year. September NCDEX contract made high of Rs.14140 and closed at Rs.14080 levels.
Turmeric: During last week turmeric prices in futures market sharply went up on account of speculative buying in the market. In August delivery contract prices surged up by more than Rs. 300 from 4599 levels to 4929 levels. Prices are at historical highs
.
Chilli: NCDEX platform, chilli prices sharply rallied following the strengthening spot prices on strong export demand. Prices in August delivery contract traded on positive note on weekend session on account of fresh buying. Prices opened at 5800 levels and posted an intraday high at 5890 levels. From the days high prices came down and settled on positive note at 5835 levels.
NCDEX Sugar August
The August contract sugar prices were seen trading on a higher note and after it made a high of 1657 it closed at 1647 levels. Market is expected to move higher on today and the resistances can be seen at 1660 and then 1675 levels. The supports at 1640 then 1628 levels. We recommend taking long positions for the day.
NCDEX Steel Aug Sell at 36540 TP 36300 SL 36670
NCDEX- CER-Dec Sell at 1540 TP 1510 SL 1555
NCDEX-Guar seed- Sept Buy at 2100-05 TP 22150 SL 2080
NCDEX Soybean Aug Sell at 2690 TP 2660 SL 2705
NCDEX Chilli Aug Buy at 5800 TP 5900 SL 5775
NCDEX Pepper Aug Buy at 15050 TP 15300 SL 14900
NCDEX Sugar-Aug 1680 Buy at 1638-40 TP 1660 SL 1625
NCDEX-RM SEED- Sept Sell at 672 TP 660 SL 676
NCDEX-Jeera-Sept Buy at 14000 TP 14200 SL 13930
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.
Spiices
Pepper futures extended its previous gains on continued speculative led buying activity in absence of active trade participation from actual buyers and sellers. Fear of production fall due to inadequate rain in Kerala added bullish sentiment to the market. The active August contract Pepper futures surged to an intraday high of 15238 levels from a low of 14980 levels and ended the session at 15110 levels gaining by 0.38%.
rm seed sell sept @ 666 t1- 659.10 t2- 655 sl 672.1
pepper buy aug @14900t1- 15500 t2- 15700sl 14400
Jeera prices moved up sharply and all the contracts traded above Rs.14000 for the first time in last one year. September NCDEX contract made high of Rs.14140 and closed at Rs.14080 levels.
Turmeric: During last week turmeric prices in futures market sharply went up on account of speculative buying in the market. In August delivery contract prices surged up by more than Rs. 300 from 4599 levels to 4929 levels. Prices are at historical highs
.
Chilli: NCDEX platform, chilli prices sharply rallied following the strengthening spot prices on strong export demand. Prices in August delivery contract traded on positive note on weekend session on account of fresh buying. Prices opened at 5800 levels and posted an intraday high at 5890 levels. From the days high prices came down and settled on positive note at 5835 levels.
calls 22.07.08
Technical Analysis on Mustard Seed
RMSEED- September-NCDEX: The September contract RM Seed prices moved
unprecedentedly higher from 518.30 to 693 levels in a span of almost 2 months, and at
present its taking a correction. The immediate strong support is seen at 650-645 range.
On break of the same may see prices extending its fall towards 625-630 levels (38.2%
retracement). 650 is the 23.8% retracement of 518 to 693 movements. Market is moving
within a rectangle channel and beach of the support may see prices trading lower. The
resistances can be seen at 670 then 680 levels. The short term moving averages are also
making a lower crossover which shows prices to trade lower. The momentum indicator
RSI-14 is treading lower at 0.44 levels and expects further decline to the price levels.
We expect RM seed prices to trade lower and recommend taking short positions
on pullback
OUR PREFERENCE: SELL AROUND 664-668 TARGETING 650 THEN 630
WITH STOP LOSS ABOVE 680 LEVELS.
NCDEX Sugar August
The August contract sugar prices were trading sideways to down on previous session and ended at1633 levels. Market is expected to see slight correction and the supports can be seen at 1624 levels. On break of the same it may test 1600 levels. The resistances can be seen at 1650-58 levels. We expect sugar to trade slightly lower and later may move higher on todays trading session.
NCDEX Steel Aug Sell at 36400 TP 36000 SL 36610
NCDEX- CER-Dec Buy at 1550 TP 1565 SL 1542
NCDEX Soybean Aug Sell at 2675 TP 2650 SL 2695
NCDEX Chilli Aug Sell at 5700 TP 5600 SL 5775
NCDEX Pepper Aug Sell at 14800 TP 14550 SL 15030
NCDEX-RM SEED- Sept Sell at 664 TP 654 SL 669
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward
Spices
Pepper futures failed to extend its previous week ends gains following long liquidation by the investors on last weeks rally. The most active August contract Pepper futures plummeted to an intraday low of 14672 levels from a high of 15110 levels and ended the session at 14711 levels..
Jeera prices fell sharply on profit taking on recent rally. Most active contract September NCDEX lost nearly 2% and closed at Rs.13900 levels. In spot markets, prices remained steady on lack of major demand.
Turmeric: In futures, all the turmeric contracts displayed a sharp fell due to profit taking on recent rally. Prices are at historical high, profit booking at contract high resulted in this deep fall in previous trading session. Prices in most active August contract fell by 2.13% settled in red territory at Rs.4875 levels
Chilli: In previous trading session chilli prices traded in negative tone as a result of long liquidation on recent rally in prices. Most active August contract prices sharp tumbled from the days high of 5887 levels and posted an intraday low at 5660 levels on profit taking. At the end prices settled in red territory at 5665 levels down by 2.91 % against previous closing.
Technical Analysis on Mustard Seed
RMSEED- September-NCDEX: The September contract RM Seed prices moved
unprecedentedly higher from 518.30 to 693 levels in a span of almost 2 months, and at
present its taking a correction. The immediate strong support is seen at 650-645 range.
On break of the same may see prices extending its fall towards 625-630 levels (38.2%
retracement). 650 is the 23.8% retracement of 518 to 693 movements. Market is moving
within a rectangle channel and beach of the support may see prices trading lower. The
resistances can be seen at 670 then 680 levels. The short term moving averages are also
making a lower crossover which shows prices to trade lower. The momentum indicator
RSI-14 is treading lower at 0.44 levels and expects further decline to the price levels.
We expect RM seed prices to trade lower and recommend taking short positions
on pullback
OUR PREFERENCE: SELL AROUND 664-668 TARGETING 650 THEN 630
WITH STOP LOSS ABOVE 680 LEVELS.
NCDEX Sugar August
The August contract sugar prices were trading sideways to down on previous session and ended at1633 levels. Market is expected to see slight correction and the supports can be seen at 1624 levels. On break of the same it may test 1600 levels. The resistances can be seen at 1650-58 levels. We expect sugar to trade slightly lower and later may move higher on todays trading session.
NCDEX Steel Aug Sell at 36400 TP 36000 SL 36610
NCDEX- CER-Dec Buy at 1550 TP 1565 SL 1542
NCDEX Soybean Aug Sell at 2675 TP 2650 SL 2695
NCDEX Chilli Aug Sell at 5700 TP 5600 SL 5775
NCDEX Pepper Aug Sell at 14800 TP 14550 SL 15030
NCDEX-RM SEED- Sept Sell at 664 TP 654 SL 669
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward
Spices
Pepper futures failed to extend its previous week ends gains following long liquidation by the investors on last weeks rally. The most active August contract Pepper futures plummeted to an intraday low of 14672 levels from a high of 15110 levels and ended the session at 14711 levels..
Jeera prices fell sharply on profit taking on recent rally. Most active contract September NCDEX lost nearly 2% and closed at Rs.13900 levels. In spot markets, prices remained steady on lack of major demand.
Turmeric: In futures, all the turmeric contracts displayed a sharp fell due to profit taking on recent rally. Prices are at historical high, profit booking at contract high resulted in this deep fall in previous trading session. Prices in most active August contract fell by 2.13% settled in red territory at Rs.4875 levels
Chilli: In previous trading session chilli prices traded in negative tone as a result of long liquidation on recent rally in prices. Most active August contract prices sharp tumbled from the days high of 5887 levels and posted an intraday low at 5660 levels on profit taking. At the end prices settled in red territory at 5665 levels down by 2.91 % against previous closing.
calls 23.07.08
Jeera
Jeera prices are expected to recover due to lack of selling pressure in spot markets as over trend remain bullish.
Spot prices are quoting steady at Rs.13400 per quintal at Unjha spot market with arrival 5000 bags
Farmers may not offload produce below Rs.2500 per 20 kgs on expectation of prices touching Rs.3000 levels
Meanwhile, buyers are waiting for dip in prices for fresh buying
Prices have gained by more than Rs.1500 in the last two weeks
Export demand remain strong and may limit major decline in prices
Arrivals are likely to remain steady in the range of 3000-8000 bags in next few weeks
Stocks at NCDEX warehouses have increased to 1875 tonnes
NCDEX Sugar August
The August contract sugar prices traded on a higher note and closed at 1643 levels. Market is expected to move further high and the next immediate resistances can be seen at 1660 levels. Likewise the supports at 1632 and then 1624 levels. If market holds above the support levels then we may expect sugar to trade on a higher note and recommend taking long positions for the day.
NCDEX Steel Aug Sell at 36200 TP 35900 SL 36385
NCDEX- CER-Dec Sell at 1535-38 TP 1525 SL 1549
NCDEX-Guar seed- Sept Sell at 2138-42 TP 2100 SL 2166
NCDEX Soybean Aug Sell at 2685 TP 2650 SL 2705
NCDEX Pepper Aug Buy at 14950 TP 15200 SL 14750
NCDEX Sugar-Aug Buy at 1640 TP 1662 SL 1631
NCDEX Turmeric Aug Sell at 4800 TP 4750 SL 4820
NCDEX-RM SEED- Sept Sell at 668-670 TP 660 SL 674
--------------------------------------
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.
Spiices
Pepper futures went up sharply in yesterdays trading session following emergence of speculative led buying activity in the market. The most active August contract Pepper futures rose to an intraday high of 15130 levels from a low of 14690 levels and ended the session at 15031 levels.
Jeera prices moved in sideways due to steady spot markets. Prices fell marginally in the opening session with continued profit taking; however bargain buying at lower levels led to some recovery in later session. Most active contract September NCDEX made low of Rs.13740 levels and closed at Rs.13840 levels
Turmeric: On NCDEX platform, all the contracts of Turmeric prices showed a sharp fall in previous trading session on continuation of profit taking in the market. In most active August contract on panic selling prices tumbled to 4755 from the days high of 4877 levels down by 2% compared to previous day closing.
Chilli:
In previous trading session chilli August contract prices traded in the
broad range of Rs. 5640 to 5770 levels per quintal. Prices settled on firm note at 5739 levels marginally up by 0.75% against previous day closing.
Jeera
Jeera prices are expected to recover due to lack of selling pressure in spot markets as over trend remain bullish.
Spot prices are quoting steady at Rs.13400 per quintal at Unjha spot market with arrival 5000 bags
Farmers may not offload produce below Rs.2500 per 20 kgs on expectation of prices touching Rs.3000 levels
Meanwhile, buyers are waiting for dip in prices for fresh buying
Prices have gained by more than Rs.1500 in the last two weeks
Export demand remain strong and may limit major decline in prices
Arrivals are likely to remain steady in the range of 3000-8000 bags in next few weeks
Stocks at NCDEX warehouses have increased to 1875 tonnes
NCDEX Sugar August
The August contract sugar prices traded on a higher note and closed at 1643 levels. Market is expected to move further high and the next immediate resistances can be seen at 1660 levels. Likewise the supports at 1632 and then 1624 levels. If market holds above the support levels then we may expect sugar to trade on a higher note and recommend taking long positions for the day.
NCDEX Steel Aug Sell at 36200 TP 35900 SL 36385
NCDEX- CER-Dec Sell at 1535-38 TP 1525 SL 1549
NCDEX-Guar seed- Sept Sell at 2138-42 TP 2100 SL 2166
NCDEX Soybean Aug Sell at 2685 TP 2650 SL 2705
NCDEX Pepper Aug Buy at 14950 TP 15200 SL 14750
NCDEX Sugar-Aug Buy at 1640 TP 1662 SL 1631
NCDEX Turmeric Aug Sell at 4800 TP 4750 SL 4820
NCDEX-RM SEED- Sept Sell at 668-670 TP 660 SL 674
--------------------------------------
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.
Spiices
Pepper futures went up sharply in yesterdays trading session following emergence of speculative led buying activity in the market. The most active August contract Pepper futures rose to an intraday high of 15130 levels from a low of 14690 levels and ended the session at 15031 levels.
Jeera prices moved in sideways due to steady spot markets. Prices fell marginally in the opening session with continued profit taking; however bargain buying at lower levels led to some recovery in later session. Most active contract September NCDEX made low of Rs.13740 levels and closed at Rs.13840 levels
Turmeric: On NCDEX platform, all the contracts of Turmeric prices showed a sharp fall in previous trading session on continuation of profit taking in the market. In most active August contract on panic selling prices tumbled to 4755 from the days high of 4877 levels down by 2% compared to previous day closing.
Chilli:
In previous trading session chilli August contract prices traded in the
broad range of Rs. 5640 to 5770 levels per quintal. Prices settled on firm note at 5739 levels marginally up by 0.75% against previous day closing.
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