Ncdex commodity weekly report 22 05 2017 by tradeindia research

Page 1

22/05/2017

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22/05/2017

Soybean futures trade marginally higher on NCDEX: Soybean futures traded marginally higher on NCDEX as speculators enlarged their positions, despite weakness in domestic demand and forecasts of ample supplies in global markets.

Jeera futures trade up on NCDEX: Jeera futures traded up on NCDEX on rising exports demand at the spot market. On the export front, the exports increased by 29.6% to 1,08,513 tons in first 11 month of marketing year 2016/17. Moreover, lower arrivals from the producing regions also added support to jeera prices’ uptrend. Reports showed that 4,316 tons of jeera arrived in May (1-14) compared to 17,494 in April (1-14).

Coriander futures trade higher on improved demand: Coriander futures traded higher on NCDEX as participants built up fresh positions, tracking improved demand in the spot market. Further, limited arrivals from major growing regions also added support to coriander prices’ uptrend.

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22/05/2017

TECHNICAL ANALYST

TECHNICAL OUTLOOK

The contract for May delivery was trading at Rs 2800.00, up by 0.54% or Rs 15.00 from its previous closing of Rs 2785.00. The open interest of the contract stood at 2090 lots. soyabean

OUTLOOK:

The contract for June delivery was trading at Rs 2837.00, up by 0.6% or Rs 17.00 from its previous closing of Rs 2820.00. The open interest of the contract stood at 127680 lots on NCDEX.

TREND: - DOWN

RESISTANCE: - 2900, 3000 SUPPORT: - 2760, 2670 STRATEGY: - SELL ON HIGH.

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22/05/2017

jeera

OUTLOOK: TREND: - UP RESISTANCE: - 18460, 18660 SUPPORT: - 18060, 17850 STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK The contract for May delivery was trading at Rs 18015, up by 0.53% or Rs 95.00 from its previous closing of Rs 17920. The open interest of the contract stood at 108 lots. The contract for June delivery was trading at Rs 18150, up by 1.20% or Rs 215.00 from its previous closing of Rs 17935. The open interest of the contract stood at 16416 lots on NCDEX.

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22/05/2017

dhaniya

OUTLOOK: TREND: - DOWN RESISTANCE: - 5750, 5950 SUPPORT: - 5350, 5150 STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK The contract for May delivery was trading at Rs 5375.00, up by 0.92% or Rs 49.00 from its previous closing of Rs 5326.00. The open interest of the contract stood at 710 lots. The contract for June delivery was trading at Rs 5445.00, up by 1.1% or Rs 59.00 from its previous closing of Rs 5386.00. The open interest of the contract stood at 53380 lots on NCDEX.

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22/05/2017

rmseed OUTLOOK: TREND: - DOWN RESISTANCE: - 3780, 3880 SUPPORT: - 3580, 3480 STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK The contract for June delivery was trading at Rs 3681.00, down by 0.15% or Rs 5.00 from its previous closing of Rs 3686.00. The open interest difference of the contract stood at -310 lots. The contract for july delivery was trading at Rs 3734.00, down by 0.03% or Rs 1.00 from its previous closing of Rs 3735.00. The open interest of the contract stood at 640 lots on NCDEX.

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22/05/2017

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22/05/2017

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