09/10/2017
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Soybean futures trade marginally higher on NCDEX: Soybean futures traded marginally higher on NCDEX as participants enlarged their positions on reports that government is expected to step in for procurement of soybean in Maharashtra and Rajasthan to help farmers. However, expectation of increase in arrivals of new season crop and reports that government has permitted states to extend the limits on stocks of oilseeds and edible oils with traders and mills till September 30, 2018, capped some gains. Meanwhile, soybean prices at overseas markets inched lower, but stayed near oneweek highs on reports of lower-than-expected yields in the US Midwest, where rains have already slowed the pace of harvest.
Jeera futures edge lower on NCDEX: Jeera futures edged lower on NCDEX due to weak physical as well as exports demand at the spot market. Further, ample stocks position following higher arrivals from the producing regions too fuelled the downtrend.
Coriander futures trade lower on sluggish demand: Coriander futures traded lower on NCDEX as speculators cut down their bets, tracking sluggish demand in the spot market. Besides, improved arrivals from major growing regions also influenced coriander futures.
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09/10/2017
TECHNICAL ANALYST
soyabean OUTLOOK: TREND: - DOWN RESISTANCE: - 3050, 3150 SUPPORT: - 2850, 2750 STRATEGY: - BUY ON LOW.
TECHNICAL OUTLOOK
The contract for October delivery was trading at Rs 2924.00, up by 0.1% or Rs 3.00 from its previous closing of Rs 2921.00. The open interest of the contract stood at 28250 lots. The contract for November delivery was trading at Rs 2973.00, up by 0.03% or Rs 1.00 from its previous closing of Rs 2972.00. The open interest of the contract stood at 82610 lots on NCDEX.
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09/10/2017
jeera
OUTLOOK: TREND: - DOWN RESISTANCE: - 19400, 19600 SUPPORT: - 19000, 18800 STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK The contract for October delivery was trading at Rs 19050.00, down by 0.31% or Rs 60.00 from its previous closing of Rs 19110.00. The open interest of the contract stood at 5043 lots. The contract for November delivery was trading at Rs 19200.00, down by 0.21% or Rs 40.00 from its previous closing of Rs 19240.00. The open interest of the contract stood at 9741 lots on NCDEX.
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09/10/2017
dhaniya
OUTLOOK: TREND: - DOWN RESISTANCE: - 5050, 5150 SUPPORT: - 4850, 4750 STRATEGY: - BUY ON LOW.
TECHNICAL OUTLOOK The contract for October delivery was trading at Rs 4430.00, down by 1.99% or Rs 90.00 from its previous closing of Rs 4520.00. The open interest of the contract stood at 9690 lots. The contract for November delivery was trading at Rs 4920.00, down by 1.28% or Rs 64.00 from its previous closing of Rs 4984.00. The open interest of the contract stood at 25700 lots on NCDEX.
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09/10/2017
rmseed
OUTLOOK: TREND: - DOWN RESISTANCE: - 3900, 4000 SUPPORT: - 3700,3660 STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK The contract for Oct delivery was trading at Rs 3711.00, down by 0.13% or Rs 5.00 from its previous closing of Rs 3716.00. The contract for Nov delivery was trading at Rs 3814.00, down by 0.24% or Rs 9.00 from its previous closing of Rs 3823.00.
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09/10/2017
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301, 3rd Floor, Mangal City, Vijay Nagar, Indore
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09/10/2017
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