Sure Shot Intraday MCX Trading Tips - Safal Trading

NCDEX soybean remains strong. Soybeans for May, June, July and August futures is seeing consolidation of 2.5 per cent. AUGUST futures on NCDEX Mustard beyond 2 per cent up to Rs 4,100 is reached.

However, on NCDEX declined by 1.5 per cent in cotton. With 1 per cent on the NCDEX maize is trading at Rs 1,170. Leaves about 1 per cent is trading at Rs 4225 with weakness.

MCX gold and silver updates has increased in the fall. With 0.3 per cent on MCX gold is trading at Rs 28 785. The silver is close to 0.3 per cent fall to Rs 55 500.

MCX crude oil in an atmosphere of lethargy and is trading at Rs 5465. Commodity trading tips has taken over the decline in base metals. In base metals, including copper from 0.15 to 0.5 per cent decline recorded in Metals.

NCDEX May futures of soybean at 1.5 per cent to Rs 3425 per quintal, with a strong sense of the records has been reached. Besides June and July soybean futures also declined 1.5 per cent. NCDEX Turmeric 1 per cent rose to Rs 3650 have been exceeded. 1.5 per cent decline in the potatoes and castor seed cake cotton in addition to the weakness of the approach. 

The slowdown in the international market due to weakness in the domestic market with gold and silver are traded. With a decline of 0.15 per cent on MCX gold updates is trading at Rs 28 830. While silver has weakened 0.25 per cent to Rs 55 560 and the price has come.

With 0.25 per cent up on MCX crude oil is trading above Rs 5,475. On MCX base metals is being witnessed in the grossly denies. Aluminum and nickel have been strengthened by 0.25 per cent, but copper, lead and zinc is idling.

Red pepper futures on free ncdex tips June and July has the strength of 2 per cent. In addition to soybeans in June, July and August futures rose more than 1 per cent is. On NCDEX declined by 0.5 per cent in the molasses.

Barley futures regulator Forward Markets Commission of the special cash margin of 20 per cent deals on purchases is imposed. May futures fell nearly 1.5 per cent faster. Barley futures prices in the last 15 days the business has been bouncing around 20 per cent. The MSP for barley compared to 90 per cent of the price is going up. This year is estimated at nearly 16.5 million tons.

Mentha oil still dominates sales. Mentha oil still has to take 4 per cent lower circuit. Mentha oil futures in the week, the fourth consecutive day is 4 per cent lower circuit. Business is on the decline in spot markets. In Chandausi Mentha oil price has come down to Rs 1650. Production projected to grow nearly 30 percent this month sharp decline in mint oil.

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MCX Market Trading Tips For Today - Safal Trading

Turmeric yesterday we have seen that market has moved -0.4% dropped due to mounting spot supplies and expectations of a bumper crop. Supply pressure is expected to continue till the end of April in the spot markets. Supplies rose to around 20,000 bags of 70 kg each from about 15,000 bags in the second week of March in Nizamabad. Output from Andhra Pradesh, the country's top producer of the spice, is likely to rise 36 percent on year to 83,000 tonnes in 2012 due to an expansion in acreage. 

Higher production prospects and better stocks could however keep pressure on prices as markets trade with high volatility. The total production this year is expected to touch 75-85 lakh bags (1 bag-75kg) - higher than the 65-70 lakh bags in 2010-11. Higher acreage from the high rates is stated the reason for the rise in expected production as per traders. Good stocks and increased selling pressure along with weak demand in the mandis have kept trend weak for the commodity over the last few weeks. 

The sowing period is from June-August and harvesting begins in January. In Nizamabad, a major spot market in AP, the price ended at 3666.65 rupees dropped by -95.25 rupees. Market has opened at 3950 & made a low of 3942 versus the day high of 4028. The total volume for the day was at 9035 lots and the open interest was at 22830.Support for turmeric is at 3931 below that could see a test of 3893. Resistance is now seen at 4017 above that could see a resistance of 4065.

Trading Ideas for mcx india :

Turmeric trading range for the day is 3893-4065.

Turmeric dropped due to mounting spot supplies and expectations of a bumper crop.

Supply pressure is expected to continue till the end of April in the spot markets

NCDEX accredited warehouses turmeric stocks gained by 481 tonnes to 3666 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 3666.65 rupees dropped by -95.25 rupees.

Chana dropped Rs 59 and settled at Rs 3549 per quintal due to rising arrivals in the spot markets and worries the government might curb trading to rein in prices. 

Production of chana, or chickpea, is expected to drop to 7.66 million tonnes in 2011/12 from 8.22 million tonnes a year earlier, farm ministry data showed. The production of yellow peas, which is used as substitute for chana, in Canada was also lower in 2011, and this is also supporting the prices. The total daily arrivals of chana were hovering at the levels of around 3 lakh bags in the entire major mandis against 2.80 lakh bags on last day. Expected fall in production in Chana and overall Pulses was reported as per 2nd Advanced Estimates. 

Pulses output is expected to fall by 5.26% to 17.29 mln tonnes vs 18.24 mln tonnes in 2010-11. Chana production is expected to fall by 6.8% to 7.66 mln tonnes as compared to 8.22 mln tonnes last year. Lower acreage contributed for this fall as per reports (Chana acreage reportedly fell by 4% to 89.57 lakh ha vs 93.41 lakh ha same period last year. 

As per Rajasthan farm department’s first advance estimates for Rabi crops, Chana output is estimated down 7.8% at 14.76 lakh tonnes in 2011-12 season vs 16 lakh tonnes in 2010-11. In Delhi spot market, chana jump up by 11.15 rupee to end at 3500 rupee per 100 kgs. The volume was noted at 95260 lots. Support for chana is at 3506 below that could see a test of 3462. Resistance is now seen at 3634 above that could see a resistance of 3718.

Intraday Trading tips for chana :

Chana  trading range for the day is 3462-3718.

Chana dropped due to rising arrivals in the spot markets and worries government might curb trading to rein in prices.

Production of chana is expected to drop to 7.66 mln tns in 2011/12 from 8.22 mln tns a year earlier

Ncdex tips accredited warehouses chana stocks gained by 692 tonnes to 13420 tonnes.

In Delhi spot market, chana jump up by 11.15 rupee to end at 3500 rupee per 100 kgs.

Soyabean yesterday we have seen that market has moved -0.47% on profit booking amid as lingering concerns the government may intervene to cool prices.

A turn from weaker to positive for outside market forces and continued thoughts that the soybean market will need to move higher over the near-term to help spark more planted area and to help reduce demand has sparked continued buying and sharply higher trade. The USDA confirmed daily export sales of 120,000 tonnes of US soybeans to China for the 2012/13 season and 120,000 tonnes of US soybean meal to unknown destination for the 2012/13 season.

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Sure Shot MCX Commodity Trading Tips - Safal Trading

Chana futures have declined even faster today. Gram has to look in the lower circuit. FMC exchanges on the direction of the gram, mustard and potatoes have increased the margin. Gram of 10 per cent cash margin on futures contracts is purchased. Gram in the purchase transaction, you will have a total 15 per cent cash margin. These margin rates will apply tomorrow, March 31. 4 per cent fall at NCDEX Chana has come down to Rs 3,500.

Soy is the selling pressure. Reported that gram, mustard and soybean futures also now with the other commodities manipulation is feared. Soya bean Processors Association of India, an institution working in the sector, ie Sopa futures on the very serious allegations, the Union Food and Consumer Affairs Minister KV Thomas has sought to examine the soy futures. Soybeans on NCDEX declined by 2 per cent is trading at Rs 2980.50. The refined Soyatel slipped 1 per cent is trading at Rs 735.

MCX Trading tips has the strength of 2 per cent cotton and is trading at Rs 859.50. The 4 per cent lower circuit on MCX pepper look. In addition, the circuit has to look down to 4 per cent in potatoes.

The 0.2 per cent fall on mcx gold updates is trading at Rs 28 140. At the MCX silver updates , 0.5 per cent to Rs 57,000 across with strength is reached. On MCX, crude oil slipped 0.25 cent to Rs 5280 has arrived. Natural gas declined by 1 per cent. MCX has returned strongly in the base metals.

Experts advise investors to earn

Kalimirc NCDEX (April futures): Sell - 39000, stoploss of Rs - 39 400 and the target - 38000

NCDEX Chana (April futures): Sell - 3475, stoploss of Rs - 3495 and the target - 3425

NCDEX Soybean (April futures): Sell - 3025, stoploss of Rs - 3055 and the target - 2970

NCDEX Mustard (April futures): Sell - 3,785, stoploss of Rs - 3825 and the target - 3715

MCX Crude oil (April futures): Sell - 5320, stoploss of Rs - 5360 and the target - 5240

MCX gold (April futures): Sell - 28 200, stoploss of Rs - 28 250 and the target - 28 075

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