Ncdex commodity weekly report 04 12 2017 to 08 12 2017

04/12/2017

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04/12/2017

Soybean futures trade lower on NCDEX: Soybean futures traded lower on NCDEX as speculators trimmed their positions, despite good physical demand from the oil millers after hike duty on in edible oil imports.

Jeera futures trade in red on subdued demand: Jeera futures traded lower on NCDEX on muted spot demand and as speculators trimmed their positions to book profits at prevailing levels. The commodity prices also dragged down on reports that good sowing conditions in Rajasthan and Gujarat promises strong jeera production in the current year amid current firm supplying belts.

Coriander futures exhibit downward trend on NCDEX:

Coriander futures exhibited downward trend on NCDEX, as market players indulged in reducing positions amid weak domestic as well as export demand against ample stocks position.

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04/12/2017

TECHNICAL ANALYST

soyabean OUTLOOK: TREND: - UP RESISTANCE: - 3150, 3250 SUPPORT: - 2920, 2800 STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

The contract for December delivery was trading at Rs 3030.00, down by 0.13% or Rs 4.00 from its previous closing of Rs 3034.00. The open interest of the contract stood at 117790 lots.

The contract for January delivery was trading at Rs 3092.00, down by 0.19% or Rs 6.00 from its previous closing of Rs 3098.00. The open interest of the contract stood at 183950 lots on NCDEX

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04/12/2017

jeera

OUTLOOK: TREND: - UP RESISTANCE: - 21600, 21800 SUPPORT: - 21000, 20500 STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK The contract for December delivery was trading at Rs 21470, down by 1.42 % or Rs 310.00 from its previous closing of Rs 21780.00. The open interest of the contract stood at 13029 lots.

The contract for January delivery was trading at Rs 21370.00, down by 1.16 % or Rs 250.00 from its previous closing of Rs 21620.00. The open interest of the contract stood at 2979 lots on NCDEX

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04/12/2017

dhaniya

OUTLOOK: TREND: - UP RESISTANCE: - 5500, 5700 SUPPORT: - 5100, 4900 STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK The contract for December delivery was trading at Rs 5363.00, dipped by 1.54% or Rs 84.00 from its previous closing of Rs 5447.00. The open interest of the contract stood at 20320 lots.

The contract for January delivery was trading at Rs 5463.00, down by 1.35 % or Rs 75.00 from its previous closing of Rs 5538.00. The open interest of the contract stood at 26100 lots on NCDEX

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04/12/2017

rmseed

OUTLOOK: TREND: - UP RESISTANCE: - 4200, 4300 SUPPORT: - 4000,3900 STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK The contract for DEC delivery was trading at Rs 4101.00, down by 0.07% or Rs 3.00 from its previous closing of Rs 4104.00.

The contract for JAN delivery was trading at Rs 4146.00, gained by 0.22% or Rs 9.00 from its previous closing of Rs 4137.00.

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04/12/2017

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04/12/2017

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