Latest NCDEX Trading Tips with Market Outlook


Posted August 19, 2014 by CommodityTips

We are trying to put trading information for you, so you can know about our accuracy before taking our services. By visiting us you also can get free trials for check our accuracy level. Here this press release provides you market wrap for today.

 
Agri Commodity Market Update:

• Castor seed futures went down by 3.49%, on sluggish demand.
• Cardamom fut picks up by 2.59%, on strong spot mkt demand.
• Soybean futures fell by 2.17%, as subdued demand in market.

Chana future marginally up by 0.80%, as speculators created fresh positions. Castor Seed future saw sharp selling by 3.49%, as traders booked profits at prevailing higher levels. Cardamom future jumped by 2.59%, on strong spot market demand. Soybean future declined by 2.17%, on low demand in spot market against higher supplies.

Technical View of CARDAMOM (SEP)
Trend: Consolidate
Strategy: Buy on Dips
Resistance: R1-970:R2-989
Support: S1-941; S2-922

Technical View of CASTOR SEED (SEP)
Trend: Consolidate
Strategy: Sell on High
Resistance: R1-4209: R2-4292
Support: S1-4084: S2-4001

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Last Updated August 19, 2014