Ncdex commodity weekly report 30 10 2017 to 03 11 2017 by tradeindia research

30/10/2017

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Soybean futures trade lower on NCDEX: Soybean futures traded lower on NCDEX as speculators trimmed their bets in line with subdued global sentiments. Further, subdued physical demand coupled with new season arrivals and higher stocks from last year too added pressure on commodity prices.

Jeera futures NCDEX:

trade

lower

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Jeera futures traded lower on NCDEX as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and exports demand at spot markets. Furthermore, ample stocks position following higher supplies from the producing belts too fuelled the downtrend.

Coriander futures trade higher on improved demand: Coriander futures traded higher on NCDEX as participants enlarged their positions on the back of improved demand in the spot market. Further, limited arrivals from major producing belts also added support to coriander prices’ uptrend.

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30/10/2017

TECHNICAL ANALYST

soyabean OUTLOOK: TREND: - DOWN RESISTANCE: - 2900, 3000 SUPPORT: - 2700, 2600 STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

The contract for October delivery was trading at Rs 2911.00, up by 0.52% or Rs 15.00 from its previous closing of Rs 2896.00. The open interest of the contract stood at 940 lots.

The contract for November delivery was trading at Rs 2944.00, up by 0.72% or Rs 21.00 from its previous closing of Rs 2923.00. The open interest of the contract stood at 106050 lots on NCDEX.

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jeera

OUTLOOK: TREND: - DOWN RESISTANCE: - 19100, 19300 SUPPORT: - 18500, 18200 STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK The contract for November delivery was trading at Rs 2833.00, down by 0.53% or Rs 15.00 from its previous closing of Rs 2848.00. The open interest of the contract stood at 83300 lots.

The contract for December delivery was trading at Rs 2884.00, down by 0.55% or Rs 16.00 from its previous closing of Rs 2900.00. The open interest of the contract stood at 84290 lots on NCDEX.

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dhaniya

OUTLOOK: TREND: - DOWN RESISTANCE: - 5150, 5250 SUPPORT: - 4800, 4650 STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK The contract for November delivery was trading at Rs 5000.00, up by 0.24% or Rs 12.00 from its previous closing of Rs 4988.00. The open interest of the contract stood at 19640 lots.

The contract for December delivery was trading at Rs 5102.00, up by 0.35% or Rs 18.00 from its previous closing of Rs 5084.00. The open interest of the contract stood at 25710 lots on NCDEX.

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rmseed

OUTLOOK: TREND: - DOWN RESISTANCE: - 4000, 4100 SUPPORT: - 3800,3700 STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK The contract for NOV delivery was trading at Rs 3888.00, down by 1.69% or Rs 67.00 from its previous closing of Rs 3962.00.

The contract for DEC delivery was trading at Rs 3855.00, down by 1.48% or Rs 59.00 from its previous closing of Rs 3985.00.

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