Showing posts with label ncdex tips.. Show all posts
Showing posts with label ncdex tips.. Show all posts

Monday, 27 July 2015

Due To Great Demand Distress, Jeera Ends Lower

Mcx Ncdex Tips - On Friday, Jeera prices ended lower by 0.16 per cent  at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. 

Mcx Ncdex Tips
At the NCDEX,  August 2015 contract for jeera futures closed at Rs. 15,635 per quintal, down by 0.16 % cent, after opening at Rs. 15,600 against its preceding closing price of Rs. 15,660. It gains the intra-day low of Rs. 15,460.

World-wide output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, Japan, UK, Brazil, UAE, Bangladesh, Singapore and many other countries. Besides this, other Major exporters are Syria and Turkey.

Monday, 12 January 2015

NCDEX TIPS FOR THE WEEK AS ON 12 JAN 2015

Agro Outlook 
D A I L Y B U Z Z 
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CASTORSEED
Castorseed prices fell by 0.87 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates.At the NCDEX, castor seed futures for January 2015 contract was trading at Rs. 4,772 per quintal tonnes, down by 0.87 per cent, after opening at Rs. 4,810 against the previous closing price of Rs. 4,814. It touched the intra-day low of Rs. 4,763 till the trading.

MENTHAOIL
Amid profit-booking by speculators, mentha oil prices fell 0.45 per cent to Rs 761.90 per kg in futures trade today. At the Multi Commodity Exchange, mentha oil for delivery in January eased by Rs 3.50, or 0.45 per cent, to Rs 761.90 per kg, with a business volume of 370 lots. Similarly, mentha oil prices for the February delivery eased by Rs 3.50, or 0.45 per cent, to Rs 772.50 per kg, with a business turnover of 80 lots. The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators and weak trend at spot market owing to subdued demand, marketmen said.


Monday, 5 January 2015

NCDEX TIPS FOR THE WEEK AS ON 05 JAN 2015

Agro Outlook
D A I L Y B U Z Z
JEERA
Jeera prices closed lower by 0.38 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for January 2015contract closed at Rs. 15,590 per quintal, down by 0.38 per cent, after opening at Rs. 15,620 against the previous closing price of Rs. 15,650. It touched the intra-day low of Rs. 15,425. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries.

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MENTHA OIL
Mentha oil prices rose by 1.56 per cent on Friday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for January 2015 contract, at MCX, were trading at Rs. 742 per kg, up by 1.56 per cent after opening at Rs. 730.90 against the previous closing price of Rs. 730.60. It touched the intra-day high of Rs. 742.70 till the trading. (At 2.45 PM today).Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar PradesAbout 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.


Thursday, 25 September 2014

AGRO OUTLOOK REPORT FOR 25 SEPTEMBER 2014

Agro Outlook 
D A I L Y B U Z Z 

The National Commodity & Derivatives Exchange on Wednesday announced the launch of forwards contracts on its national-level electronic platform.
 

The facility, named Agrim Sauda, will be available from Thursday, initially for sugar and maize. It will be extended to other commodities later.
 

The forward contracts will offer the benefits of transparent trade practices and national market reach through registered farmer producer organisations.
 

The introduction of Agrim Sauda is expected to help integrate the commodity ecosystem leading to a more developed and efficient agriculture market.
 

In addition to farmers, Agrim Sauda will help almost every participant in the segment, including processors, exporters, traders and government procurement agencies.
 

This may also make price predictability less onerous and is likely to contribute in the development of storage infrastructure for traded commodities in and around major producing and trading areas. With this initiative, a buyer or a seller from one part of the country has the benefit of being able to buy or sell any commodity in any part of the country.



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Tuesday, 16 September 2014

TODAY NCDEX TIPS FOR 16/09/2014

Agro Outlook
D A I L Y B U Z Z
CHANA 
Chana futures traded 0.36 per cent lower at Rs 2,794 per quintal in futures market today as speculators reduced positions amid a weak trend at spot market on sluggish demand.

Further, expectations of higher output put pressure on chana prices.

At the National Commodity and Derivative Exchange, chana for delivery in October declined by Rs 10, or 0.36 per cent, to Rs 2,794 per quintal with an open interest of 1,34,790 lots.

Similarly, the commodity for delivery in September eased by Rs 5, or 0.18 per cent, to Rs 2,755 per quintal in 3,320 lots.
 

CASTOR SEED
Castorseed prices firmed up by Rs 60 to Rs 4,237 per quintal in futures trading today on the back of rising demand from consuming industries in the physical markets.

At the National Commodity and Derivatives Exchange, castorseed for delivery in January spurted by Rs 60, or 1.44 per cent, to Rs 4,237 per quintal, in an open interest of 13,230 lots.

On similar lines, the most-active October contracts also rose by Rs 34, or 0.85 per cent, at Rs 4,052 per quintal, having an open interest of 1,77,470 lots. September contracts too followed suit, gaining Rs 29, or 0.73 per cent, at Rs 3,999 per quintal with an open interest of 6,140 lots.



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Friday, 28 March 2014

NCDEX Agri Tips for March 28, 2014

DAILY BUZZ
CARDAMOM
  • Amid strong domestic and export demand, cardamom prices rose by 1.02 per cent to Rs 882.80 per kg in futures trade today as speculators created fresh positions.
  • At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 8.90, or 1.02 per cent to Rs 882.80 per kg in a business turnover of 254 lots.
  • Similarly, the spice for delivery in April traded higher by Rs 4.70, or 0.54 per cent to Rs 868.80 per kg in 605 lots.
  • Analysts said fresh positions built-up by speculators on the back strong domestic and export demand in the spot market against restricted arrivals from growing regions, mainly led to rise in cardamom prices at futures trade.

Tuesday, 4 March 2014

NCDEX Agri Tips for March 04, 2014

DAILY BUZZ
CORIANDER
  • Coriander prices fell by 1.45 per cent to Rs 9,333 per quintal in futures trade today as speculators reduced their positions on the back of subdued demand in the spot market.
  • Besides, adequate stocks availability in the physical market on sufficient arrivals from producing belts also put pressure on coriander futures.
  • At the National Commodity and Derivatives Exchange, coriander for delivery in April fell by Rs 137, or 1.45 per cent, to Rs 9,333 per quintal with open interest of 40,970 lots.
  • The price for May delivery declined by Rs 139, or 1.44 per cent, to Rs 9,498 per quintal with open interest of 30,920 lots.
  • Market analysts said adequate stocks availability in the physical market against subdued demand mainly led to the fall in coriander futures prices

Tuesday, 25 February 2014

NCDEX Agri Tips for February 25, 2014

CHANA

  • Amid strong domestic demand, chana prices rose 0.63 per cent to Rs 3,013 per quintal in futures trade today as speculators enlarged position.
  • At the National Commodity and Derivative Exchange, chana for delivery in April rose by Rs 19, or 0.63 per cent to Rs 3,013 per quintal with an open interest of 84,260 lots.
  • In a similar fashion, the commodity for delivery in May traded higher by similar margin to Rs 3,057 per quintal in 28,230 lots.
  • Analysts attributed the firmness in chana futures to rising demand at spot market from dal millers against limited arrivals from producing regions.

REFINED SOYA OIL
  • Refined soya oil traded higher by 0.25 per cent to Rs 695.40 per 10 kg in futures trade today as speculators created positions amid pick-up in domestic demand due to the ongoing marriage season.
  • At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May rose by Rs 1.70, or 0.25 per cent, to Rs 695.40 per 10 kg with an open interest of 52,580 lots.
  • Similarly, the oil for delivery in May edged up by Rs 1.55, or 0.22 per cent, to Rs 704.65 per 10 kg in 87,310 lots.

Thursday, 20 February 2014

NCDEX Crude Palm Oil Tips for February 20, 2014


CRUDE PALM OIL

  • Crude palm oil prices rose by 0.50 per cent to Rs 573.20 per 10 kg in futures trading after participants created speculative positions following rising demand in the spot markets.
  • At the Multi Commodity Exchange, crude palm oil for delivery in February rose by Rs 2.90, or 0.50 per cent, to Rs 573.20 per 10 kg in a business turnover of 43 lots.
  • Likewise, the oil for delivery in March was up by Rs 1.50, or 0.26 per cent, to Rs 574.20 per 10 kg in 43 lots.
  • Analysts said speculative positions built-up by participants following pick-up in spot demand mainly led to rise in crude palm oil prices at futures trade.

Wednesday, 19 February 2014

NCDEX Tips for February 19,2014

DAILY BUZZ

CORIANDER
  • Coriander rose by 1.49 per cent to Rs 9,078 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in the spot markets amid restricted arrivals from growing areas.
  • At the National Commodity and Derivative Exchange, coriander for April delivery gained Rs 133, or 1.49 per cent, to Rs 9,078 per quintal with an open interest of 44,940 lots. 
  • Similarly, the spice for delivery in February traded higher by Rs 82, or 1.01 per cent, to Rs 8,240 per quintal, with an open interest of 3,220 lots.
  • Market analysts said increased buying by speculators on pick up in spot market demand against restricted arrivals from producing belts mainly influenced coriander prices to rise in futures trade.




Saturday, 15 February 2014

NCDEX Tips for February 17, 2014

D A I L Y B U Z Z


CARDAMOM

  • Cardamom prices rose 0.89 per cent to Rs 700 per kg in futures trading today as speculators enlarged positions on a firm trend at spot market.
  • At the Multi Commodity Exchange, cardamom for delivery in February rose Rs 6.20, or 0.89 per cent, to Rs 700 per kg in a business turnover of just one lot.
  • Likewise, spice for delivery in March edged higher by Rs 2, or 0.25 per cent, to Rs 801 per kg in 231 lots.

CRUDE PALM OIL

  • Crude palm oil extended gains for the second straight day with prices rising 1.40 per cent to Rs 563.80 per 10 kg in futures trade today after speculators created positions amid strong demand in the spot markets.
  • At the Multi Commodity Exchange, crude palm oil for delivery in March shot up by Rs 7.80, or 1.40 per cent, to Rs 563.80 per 10 kg in a business turnover of 428 lots. Similarly, oil for delivery in February moved up by Rs 7.50, or 1.35 per cent, to Rs 562 per 10 kg in 248 lots.

Wednesday, 13 November 2013

RESEARCHVIA - COMMODITY UPDATES, NCDEX TIPS FOR 13/Nov/2013

DAILY COMMODITY UPDATES
Base Metals & Energy
D A I L Y
B U Z Z

Lead prices traded lower by 0.55 per cent to Rs 135.20 per kg in futures market today as speculators reduced their positions due to sluggish demand from battery makers in the spot market.

At the Multi Commodity Exchange, lead for delivery in December declined by 75 paise, or 0.55 per cent, to Rs 135.20 per kg in business turnover of 81 lots.

Likewise, the metal for delivery in November shed 70 paise, or 0.52 per cent, to Rs 134.10 per kg in 2,527 lots.

Analysts attributed the weakness in lead futures to offloading of positions by speculators on sluggish demand from battery-maker in the spot market.

Zinc prices moved down by 0.33 per cent to Rs 119.25 per kg in futures trade today as speculators 



Tuesday, 29 October 2013

RESEARCHVIA - TODAY'S NCDEX TIPS 29/10/2013

Agro Outlook
D A I L Y
B U Z Z
Lead prices traded marginally higher by 0.37 per cent to Rs 134.80 per kg in futures trade today as speculators created fresh positions after a rise in demand from battery-maker in the spot market.

At the Multi Commodity Exchange, lead for delivery in October traded higher by 50 paise, or 0.37 per cent, to Rs 134.80 per kg in business turnover of 3,474 lots.

Likewise, the metal for delivery in November edged up by 35 paise, or 0.26 per cent, to Rs 136.05 per kg in 441 lots.

Market analysts said fresh positions built up by speculators on the back of a rise in demand from battery-maker in the spot market mainly helped lead prices to trade higher in futures trade.

Nickel prices moved up by 0.55 per cent to Rs 895.50 per kg in futures trading today as speculators enlarged their positions, driven by pick up in demand from alloy-maker in the spot market.

At the Multi Commodity Exchange, nickel for delivery in October rose by Rs 4.90, or 0.55 per cent, to Rs 895.50 per kg in business turnover of 2,815 lots.

Likewise, the metal for delivery in November moved up by Rs 4.30, or 0.48 per cent, to Rs 902.30 per kg in 367 lots.

Market analysts attributed the rise in nickel futures to pick up in demand from alloy-maker in the spot market.


Tuesday, 8 October 2013

RESEARCH VIA - DAILY MCX NCDEX TIPS FOR TODAY 08/oct/2013

Agro Outlook
D A I L Y
B U Z Z
Supported by strong demand in the spot market and restricted arrivals from producing regions, cardamom prices rose further by Rs 2.40 to Rs 751 per kg in futures trade today.

At the Multi Commodity Exchange, cardamom for delivery in November added Rs 2.40, or 0.32 per cent, to Rs 751 per kg in business turnover of 388 lots.

Similarly, the spice for delivery in October edged up 60 paise, or 0.08 per cent, to Rs 706.50 per kg in 546 lots.

Mentha oil prices moved up by 0.18 per cent to Rs 870.80 per kg in futures trade today as speculators created fresh positions amid rising demand from consuming industries in the spot market.

Besides, tight supplies in the physical market following less arrivals from Chandausi in Uttar Pradesh also supported the uptrend.

At the Multi Commodity Exchange, mentha oil for delivery in October month rose by 1.60, or 0.18 per cent, to Rs 870.80 per kg in business turnover of 206 lots.

Likewise, the oil for delivery in November edged up by Rs 1.30, or 0.15 per cent, to Rs 884.50 per kg in 6 lots.