Weekly ncdex commodity prediction report by trade india research 30 10-2017 to 03-11-2017

30/10/2017

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30/10/2017


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 trade lower on

NCDEX:

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.

30/10/2017


TECHNICAL ANALYST

OUTLOOK:

TREND: - DOWN

RESISTANCE: - 2900, 3000

SUPPORT: - 2700, 2600

STRATEGY: - BUY ON LOW.

soyabean

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.

30/10/2017


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


30/10/2017


dhaniya OUTLOOK:

TREND: - DOWN


SUPPORT: - 4800, 4650


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


30/10/2017


rmseed

OUTLOOK:

TREND: - DOWN


SUPPORT: - 3800,3700


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.

30/10/2017


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30/10/2017


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Weekly ncdex commodity prediction report by trade india research 30 10-2017 to 03-11-2017