Agri commodities:
Pepper- December-NCDEX: Buy around 11140 Targeting 11280 then 11370 with stop loss below 11000, closed at 11168
Sugar- December-NCDEX: Sell around 1747-1750 targeting 1730 then 1715 with stop loss above 1766 levels. Closed at 1743
Sugar futures are forecast to resume its upward trend on speculation that retail demand may emerge in the month following commencement of new month. However, sharp rally is not expected because of ongoing crushing across the country. Lower production is likely to support the prices to cert! ain extent.
NCDEX Steel Dec Sell at 21000-21050 TP 20700 SL 21280
NCDEX Guar seed Jan Sell at 1635-40 TP 1618 SL 1655
NCDEX Soybean Dec Sell at 1718-20 TP 1695 SL 1735
NCDEX Chilli Dec Buy above 5460 TP 5600 SL 5390
NCDEX Pepper Dec Sell at 11285-300 TP 11000 SL 11450
NCDEX Turmeric dec Sell at 3885-90 TP 3860 SL 3905
NCDEX Jeera Jan Sell at 10560-570 TP 10420 SL 10645
NCDEX Sugar Dec Sell at 1745-48 TP 1730 SL 1763
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.
Outlook
Jeera: Jeera prices are expected to remain sideways due to steady spot markets. any technical breakout major givdirection to the short term period. e The spot prices are quoting steady at Rs10150 per quintal with arrival of 2000 bags at Unjha spot market The traders are closely watching the sowing progress and weather across Gujarat and Rajasthan aBfofethct t thhees es etewdo g setramteisn hataivoen c loudy weather which is useful for the sowing, but rainfall at this moment may Meanwhile, trading activities are almost dull in the market with low arrivals and weak demand Higher exports in this year may lead to low carry foward stocks oInudtpiau ht ains elaxspto sretaesdo 2n6 000 tonnes of jeera during April October 2008, that is nearly 20 percent of total o Inf ltahset Oyecatorb er 2008,
Pepper futures are projected to continue its upward trend on account of extended short covering coupled speculative led buying activity pled with Pepper traders in Indonesia are saying that the carry forward figures given by the government were wrong aArse t ehyee sitnogc kats Ianrdei ad rtyoi nmge uept tihne oirt hdeerm caonudn tries and new harvesting is nearing in India, major importing nations According to trade sources, India is having around 4,000‐5,000 tonnes of pepper carry forward stocks Spot prices were quoted in the range of Rs11450‐11500 a quintal Upcountry traders have started buying pepper from the physical market to meet their immediate demand Harvesting of new crop will begin in a week or two
Oil and Oil seeds
Soybean futures extended its northward journey due to continued buying interest supported by higher closing CfuBtOurTe ss.o Dy ocmomesptliecaxl lfyu,t iumrepsr oovne Fmreidnaty i.n M sooyn tmh‐eeanl dd epmosaintido nle sdq tuhaer sinogy breeasunl ftuedtu irnetso t ho itgrhaedre c olons ain hgi gohf eCrB nOoTte s. o yc lcoosminpgl eoxf
RtfurMandd esadem eiendn aft uarlta ufnargecets o otrfrs a5 ld7ike4ed.2 hi5ni gt oha e5rra8 an1cg lreee vabegolesu .hn idn dtoe ruepdw thared p briicaess tfarkoimng a s sutpepepor rti sfero. mTh eso Jyabneuaanry m caornkterat.c tH RowMe sveeerd, bfuetaurrisehs
Crude palm oil futures traded on a weaker note amidst firm sentiment in other oilseeds market because of expiry of November contract on Saturday. The December contract CPO futures on the MCX fell to an intraday low of 249.40 levels from a high of 259.50 levels.
Outlook
Soybean eSCoyBbOeTa nso fyu tmuraersk eatr be ufot rsehcaarspt dtoe ctlriandee i so nno at ewxepaekceter dn obteec aouns ea cocfo sutnrot nogf lfounngd alimqueindtaatli foanc taonrds taking support from weak eCBOT soybean and soy oil futures are trading a weaker note tracking weak crude oil prices Acetn ptsr/elsbe (n0t,. 4e6C%B)O T soybean and soy oil futures are trading at 877.75 cents/bushel (‐0.60%) and 32.73 Dcoommmesotdiciatyll ye,x pmiraerdk e t is waiting for re‐introduction of soy oil futures trading as the extended ban on this If the soy oil is introduced, soybean prices will shoot up as this will build up confidence among the investors
Mustard Seed Mustard seed futures are forecast to trade on a weaker note based on bearish fundamental factors fArnotmic iap sahtiaornp orifs eh igher production due to more area under mustard seed cultivation will hinder the prices A10cc.6o0r%din frgo tmo 5la.2te8s mt isloliwonin hge cdtaatrae, st pillla lnatsetd F irni dthaey sIanmdiea np efrairomd elarsst hyaevaer planted 5.84 million hectares, up by Faraevao urable weather condition and higher price realization last year is prompting farmers to plant a record 0In7d ia had produced 50.7 lakh tonnes of mustard seed in 2007‐08 against 60.2 lakh tonnes produced in 2006‐
Pepper- December-NCDEX: Buy around 11140 Targeting 11280 then 11370 with stop loss below 11000, closed at 11168
Sugar- December-NCDEX: Sell around 1747-1750 targeting 1730 then 1715 with stop loss above 1766 levels. Closed at 1743
Sugar futures are forecast to resume its upward trend on speculation that retail demand may emerge in the month following commencement of new month. However, sharp rally is not expected because of ongoing crushing across the country. Lower production is likely to support the prices to cert! ain extent.
NCDEX Steel Dec Sell at 21000-21050 TP 20700 SL 21280
NCDEX Guar seed Jan Sell at 1635-40 TP 1618 SL 1655
NCDEX Soybean Dec Sell at 1718-20 TP 1695 SL 1735
NCDEX Chilli Dec Buy above 5460 TP 5600 SL 5390
NCDEX Pepper Dec Sell at 11285-300 TP 11000 SL 11450
NCDEX Turmeric dec Sell at 3885-90 TP 3860 SL 3905
NCDEX Jeera Jan Sell at 10560-570 TP 10420 SL 10645
NCDEX Sugar Dec Sell at 1745-48 TP 1730 SL 1763
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.
Outlook
Jeera: Jeera prices are expected to remain sideways due to steady spot markets. any technical breakout major givdirection to the short term period. e The spot prices are quoting steady at Rs10150 per quintal with arrival of 2000 bags at Unjha spot market The traders are closely watching the sowing progress and weather across Gujarat and Rajasthan aBfofethct t thhees es etewdo g setramteisn hataivoen c loudy weather which is useful for the sowing, but rainfall at this moment may Meanwhile, trading activities are almost dull in the market with low arrivals and weak demand Higher exports in this year may lead to low carry foward stocks oInudtpiau ht ains elaxspto sretaesdo 2n6 000 tonnes of jeera during April October 2008, that is nearly 20 percent of total o Inf ltahset Oyecatorb er 2008,
Pepper futures are projected to continue its upward trend on account of extended short covering coupled speculative led buying activity pled with Pepper traders in Indonesia are saying that the carry forward figures given by the government were wrong aArse t ehyee sitnogc kats Ianrdei ad rtyoi nmge uept tihne oirt hdeerm caonudn tries and new harvesting is nearing in India, major importing nations According to trade sources, India is having around 4,000‐5,000 tonnes of pepper carry forward stocks Spot prices were quoted in the range of Rs11450‐11500 a quintal Upcountry traders have started buying pepper from the physical market to meet their immediate demand Harvesting of new crop will begin in a week or two
Oil and Oil seeds
Soybean futures extended its northward journey due to continued buying interest supported by higher closing CfuBtOurTe ss.o Dy ocmomesptliecaxl lfyu,t iumrepsr oovne Fmreidnaty i.n M sooyn tmh‐eeanl dd epmosaintido nle sdq tuhaer sinogy breeasunl ftuedtu irnetso t ho itgrhaedre c olons ain hgi gohf eCrB nOoTte s. o yc lcoosminpgl eoxf
RtfurMandd esadem eiendn aft uarlta ufnargecets o otrfrs a5 ld7ike4ed.2 hi5ni gt oha e5rra8 an1cg lreee vabegolesu .hn idn dtoe ruepdw thared p briicaess tfarkoimng a s sutpepepor rti sfero. mTh eso Jyabneuaanry m caornkterat.c tH RowMe sveeerd, bfuetaurrisehs
Crude palm oil futures traded on a weaker note amidst firm sentiment in other oilseeds market because of expiry of November contract on Saturday. The December contract CPO futures on the MCX fell to an intraday low of 249.40 levels from a high of 259.50 levels.
Outlook
Soybean eSCoyBbOeTa nso fyu tmuraersk eatr be ufot rsehcaarspt dtoe ctlriandee i so nno at ewxepaekceter dn obteec aouns ea cocfo sutnrot nogf lfounngd alimqueindtaatli foanc taonrds taking support from weak eCBOT soybean and soy oil futures are trading a weaker note tracking weak crude oil prices Acetn ptsr/elsbe (n0t,. 4e6C%B)O T soybean and soy oil futures are trading at 877.75 cents/bushel (‐0.60%) and 32.73 Dcoommmesotdiciatyll ye,x pmiraerdk e t is waiting for re‐introduction of soy oil futures trading as the extended ban on this If the soy oil is introduced, soybean prices will shoot up as this will build up confidence among the investors
Mustard Seed Mustard seed futures are forecast to trade on a weaker note based on bearish fundamental factors fArnotmic iap sahtiaornp orifs eh igher production due to more area under mustard seed cultivation will hinder the prices A10cc.6o0r%din frgo tmo 5la.2te8s mt isloliwonin hge cdtaatrae, st pillla lnatsetd F irni dthaey sIanmdiea np efrairomd elarsst hyaevaer planted 5.84 million hectares, up by Faraevao urable weather condition and higher price realization last year is prompting farmers to plant a record 0In7d ia had produced 50.7 lakh tonnes of mustard seed in 2007‐08 against 60.2 lakh tonnes produced in 2006‐