Ncdex commodity weekly report for 28 08 2017 to 01 september by tradeindia research

Page 1

28/08/2017

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28/08/2017

Soyabean futures trade marginally higher on NCDEX:

Soyabean futures traded marginally higher on NCDEX as speculators enlarged their positions as unfavourable weather condition along with lower acreages spurted supply worries. Further, strong demand from domestic oil crusher too added support to soyabean prices.

Jeera futures edge up on rising demand: Jeera futures edged up on NCDEX on rising domestic as well as exports demand at the spot market. Further, tight stocks position following lower supply from the producing belts fuelled the uptrend.

Coriander futures edge higher on improved demand: Coriander futures edged higher on NCDEX as speculators built up fresh positions, tracking a firming trend at spot market following improved domestic as well as export demand. Further, tight stocks position on fall in supplies from major producing regions also fuelled the uptrend.

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28/08/2017

TECHNICAL ANALYST

TECHNICAL OUTLOOK

The contract for October delivery was trading at Rs 3269.00, up by 0.86% or Rs 28.00 from its previous closing of Rs 3241.00. The open interest of the contract stood at 55120 lots. soyabean

OUTLOOK:

The contract for November delivery was trading at Rs 3288.00, up by 0.61% or Rs 20.00 from its previous closing of Rs 3268.00. The open interest of the contract stood at 25070 lots on NCDEX.

TREND: - UP

RESISTANCE: - 3370, 3450 SUPPORT: - 3200, 3100 STRATEGY: - BUY ON LOW.

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28/08/2017

jeera

OUTLOOK: TREND: - UP RESISTANCE: - 20300, 20500 SUPPORT: - 19900, 19700 STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK The contract for September delivery was trading at Rs 20140.00, up by 1.87% or Rs 370.00 from its previous closing of Rs 19770.00. The open interest of the contract stood at 17424 lots. The contract for October delivery was trading at Rs 20280 .00, up by 1.76% or Rs 350.00 from its previous closing of Rs 19930.00. The open interest of the contract stood at 4341 lots on NCDEX.

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28/08/2017

dhaniya

OUTLOOK: TREND: - UP RESISTANCE: - 5100, 5200 SUPPORT: - 4850, 4750 STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK The contract for September delivery was trading at Rs 4984.00, up by 3.92% or Rs 188.00 from its previous closing of Rs 4796.00. The open interest of the contract stood at 30700 lots. The contract for October delivery was trading at Rs 5169.00, up by 3.75% or Rs 187.00 from its previous closing of Rs 4982.00. The open interest of the contract stood at 15150 lots on NCDEX.

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28/08/2017

rmseed

OUTLOOK: TREND: - UP RESISTANCE: - 3900, 4000 SUPPORT: - 3750, 3650 STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK The contract for Aug delivery was trading at Rs 3864.00, down by 1.52% or Rs 58.00 from its previous closing of Rs 3806.00. The open interest difference of the contract stood at 37250 lots on NCDEX. The contract for Sep delivery was trading at Rs 3917.00, down by 1.58% or Rs 61.00 from its previous closing of Rs 3856.00. The open interest of the contract stood at 13280 lots on NCDEX.

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28/08/2017

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28/08/2017

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