Turmeric futures traded sharply higher on NCDEX as the turmeric arrivals in the country is declining in first 20 days in April to 66,025 tons (April 1-20) as compared to 1,15,768 tons during the same period in March. Moreover, rising exports demand at the spot market too supporting the prices. On the export front, country exported about 89,704 tons during April-Jan period, up by 28.3% compared to last year exports of 69,870 tons.
Soybean futures traded moderately higher on NCDEX on account of fading supplies in the domestic market. However, on overseas markets, improving planting conditions, lower than expected soybean crush rates and the continued spectre of bumper South American harvests have pressured soybean prices.
Barley futures edged higher on NCDEX due to mounting demand from beer and cattle feed making industries against restricted supply in physical markets
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Soybean
Our buy call from 2970 to 3069 proven great.
Now what to expect???
Support at 2990 and Resistance at 3080
Weekly close above 3080 will take it to 3150---3240 mark in days to come else could touch its support level of 2990 again.
Trade with levels only
Soyaref
Support at 614 and Resistance 626
Looks positive and could touch its resistance level of 626. Further upside rally will see only close above 626 mark else it could touch its support level of 614 again.
Fresh selling can initiate only close below 614 mark
Trade with levels only
Dhaniya
Support at 6980 and Resistance is 7170
Below 6980 will see more downside panic till 6880---6840 and then 6650 in days to come else it could touch its resistance level of 7170 again.
Trade in a range with levels only
Jeera
Support at 18900 and Resistance at 19600
Weekly close below 18900 will see sharp downside panic towards 18500---18350 else it could touch its resistance level of 19600.
Fresh buying can initiate only close above 19600 mark.
Trend- Sideways…
RM Seed
Support at 3780 and Resistance 3855---3890
Momentum looks positive and could touch its resistance level of 3855---3890. Further upside rally will see above 3890 mark.
Fresh selling can initiate only close below 3780 mark
TMC
Our buy call in Turmeric proven great.
Now what to expect???
Resistance 6400 and support at 6150.
Expect choppy session in it. So be careful while trading in Turmeric. Anything seems will update.
Cocudakl
We recomended buying around 2030 with stop loss of 2000. Just made a high of 2075
Now what to expect???
Hurdle at 2090. Weekly close above 2090 will take to 2130---2160 and then to 2250+ mark in days to come.
Already booked part profit... Now revise stop loss at cost to cost.
Trend- Positive
Mentha oil
Support at 925 and resistance at 970
Weekly close above 970 will take it to 995---1008+ mark else could test its resistance level of 925 again.
Trade with levels only
Trend- Weak…
CPO
Support at 505 and Resistance at 528.
Looks positive and could test its resistance level of 528. More and more power will see only close above 528 mark else it could test its support again.
Fresh selling can initiate only close below 505 mark.
Trade with levels only
Trend – Positive…
Castor Seed
Support at 4700 and resistance is at 4925.
Above 4925…. Rally remain continue till 5200---5350+ mark else could touch its support level of 4700 again
Fresh downside panic will see only close below 4700 mark. Trade in a range with levels only
More will update soon!!
