Daily commodities calls!
- Thread starter jack2k1
- Start date
calls Soybean &C.Cake&pepper G.seed
trg 2550 achieved in NCDEX aug soybean hold shorts for the tg 2475 cmp 2530
sell ncdex sept c.cake at cmp.518 sl 528 tg500
g.seed SEll Ncdex sept @ 1820-18 sl 1855, tg 1770 cmp 1810
sell pepper ncdex aug below 13900- t1-13650 t2- 13501 sl 14100 intraday call moderate risk
trg 2550 achieved in NCDEX aug soybean hold shorts for the tg 2475 cmp 2530
sell ncdex sept c.cake at cmp.518 sl 528 tg500
g.seed SEll Ncdex sept @ 1820-18 sl 1855, tg 1770 cmp 1810
sell pepper ncdex aug below 13900- t1-13650 t2- 13501 sl 14100 intraday call moderate risk
Launch of futures Contracts Coriander
NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED
Launching Date : August 11, 2008
Subject : Launch of futures Contracts – Coriander
All the Trading persons are hereby informed that the Exchange has
launch futures contracts in Coriander.
Contracts expiring in the months of October 2008, December 2008 and April 2009 would
be available for trading on August 11, 2008. Subsequent contracts would be launched as
per the enclosed launch calendar.
Contract specifications for Coriander are enclosed
Please kindly active the Coriander contracts on respective terminals,
Contract Specifications for Coriander
Type of contract Futures Contract Specifications
Name of commodity Coriander
Ticker symbol DHANIYA
Trading system NCDEX Trading System
Basis
Badami Whole Dhaniya ex-warehouse Kota inclusive of
Sales tax/VAT and Market tax
Unit of trading 10 MT
Delivery unit 10 MT
Quotation/ Base value Rs. per Quintal
Tick size Re. 1
Quality specification
Coiander of Indian origin with following specifications
Coriander to be necessarily machine cleaned
• Moisture – Basis 8% and acceptable upto 10%
with 1:1 discount
• Foreign Matter – Basis 1% and acceptable upto
2% with 1:1 discount
• Damaged, Discolored & Shriveled seeds – Basis
2% and acceptable upto 5% with 1:0.5 discount
• Weevil seeds – Max 0.5%
• Coriander splits (Dal) – Basis 5% and acceptable
upto 10% with 1:0.5% discount
• Live infestation – Not allowed
(Foreign matter includes dust, dirt, stones, lumps,
earth, chaff, stalk, stem/straw, edible seeds of fruits
other than Coriander)
Also Deliverable All grades superior to Badami can be delivered
Quantity variation +/- 2%
Delivery center Kota (up to the radius of 50 Km from the municipal
limits) Ramgunj mandi, Jaipur & Guna(up to the radius of 50
Km from the municipal limits)
For further details kindly visit www.ncdex.com
NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED
Launching Date : August 11, 2008
Subject : Launch of futures Contracts – Coriander
All the Trading persons are hereby informed that the Exchange has
launch futures contracts in Coriander.
Contracts expiring in the months of October 2008, December 2008 and April 2009 would
be available for trading on August 11, 2008. Subsequent contracts would be launched as
per the enclosed launch calendar.
Contract specifications for Coriander are enclosed
Please kindly active the Coriander contracts on respective terminals,
Contract Specifications for Coriander
Type of contract Futures Contract Specifications
Name of commodity Coriander
Ticker symbol DHANIYA
Trading system NCDEX Trading System
Basis
Badami Whole Dhaniya ex-warehouse Kota inclusive of
Sales tax/VAT and Market tax
Unit of trading 10 MT
Delivery unit 10 MT
Quotation/ Base value Rs. per Quintal
Tick size Re. 1
Quality specification
Coiander of Indian origin with following specifications
Coriander to be necessarily machine cleaned
• Moisture – Basis 8% and acceptable upto 10%
with 1:1 discount
• Foreign Matter – Basis 1% and acceptable upto
2% with 1:1 discount
• Damaged, Discolored & Shriveled seeds – Basis
2% and acceptable upto 5% with 1:0.5 discount
• Weevil seeds – Max 0.5%
• Coriander splits (Dal) – Basis 5% and acceptable
upto 10% with 1:0.5% discount
• Live infestation – Not allowed
(Foreign matter includes dust, dirt, stones, lumps,
earth, chaff, stalk, stem/straw, edible seeds of fruits
other than Coriander)
Also Deliverable All grades superior to Badami can be delivered
Quantity variation +/- 2%
Delivery center Kota (up to the radius of 50 Km from the municipal
limits) Ramgunj mandi, Jaipur & Guna(up to the radius of 50
Km from the municipal limits)
For further details kindly visit www.ncdex.com
calls 14.08.08
JEERA-SEPTEMBER-NCDEX: SELL AROUND 11730-760 TARGETING 11530 WITH STOP LOSS ABOVE 11855, CLOSED ! AT 11600
Prices are likely to trade weak due to speculative selling, even as spot prices are quoting Rs1000 higher than futures.
Turmeric:
Prices are likely to extend its previous day down side movement based on weak signals from the spot market
For near term market sentiment is expected to remain weak on sluggish over! seas and domestic demand.
As the monsoon season terminates, fresh overseas demand emergences in the market
In 2008-09 (April to June) total turmeric exported from India is accounted to 15000MT which is higher than last year of 14700 MT in the same period.
Spot price in Nizamabad slightly recovered to 4140 from 4076 levels in yesterday's auction.
Spices
Pepper futures extended its upward trend in yesterdays trading session on continued buying interest based on strong fundamental factors. The active September contract pepper futures made an intraday high of 14352 levels from a low of 14162 levels and ended the session at 14300 levels.
Jeera prices fell sharply due to speculative selling even as spot prices remained slight firm. Most active contract September NCDEX gained marginally in the opening session, however fresh selling emerged at higher levels and it pulled down the prices by 4 percent in closing session.
Turmeric: In previous trading session, Turmeric prices witnessed a high volatile movement. In early hours, prices went up on short covering in the market. Prices after hitting 4 % upper freeze resumed back its bearish sentiment in later hours of trade on taking cues from the weak spot market sentiment. Finally, prices closed at lower freezing point at 3768 levels in most active October contract.
Chilli: In most active October contract, chilli prices traded on positive note due to fresh buying in the market. Prices traded in the range of Rs.5570 to 5675 levels and at the end settled on positive note at 5580 levels marginally up by 0.79% compared to previous day closing.
NCDEX Sugar September
The September contract sugar prices were initially down and after testing a low of 1820 it closed slightly with an indecisive candle at 1840 levels. Previous days closing shows market may move slightly higher and the immediate resistance can be seen at 1860 and then 1890 levels. Likewise the supports can be seen at 1820 then 1800 levels. We expect sugar to trade sideways to higher on todays trading session.
14 August 2008
NCDEX Steel Aug Sell at 31250-300 TP 30600 SL 31500
NCDEX Guarseed- Sep Sell at 1700-1705 TP 1665 SL 1723
NCDEX Chilli - Aug Sell at 5200-5220 TP 5140 SL 5260
NCDEX Pepper - Sep Buy at 14220-240 TP 14450 SL 14070
NCDEX Sugar - Sep Buy at 1835-40 TP 1865 SL 1818
NCDEX Turmeric - Oct Sell at 3800-3820 TP 3732 SL 3855
NCDEX RM Seed - Sep Buy at 600-601 TP 615 SL 595
NCDEX Jeera - Sep Sell at 11700-740 TP 11500 SL 11810
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.
JEERA-SEPTEMBER-NCDEX: SELL AROUND 11730-760 TARGETING 11530 WITH STOP LOSS ABOVE 11855, CLOSED ! AT 11600
Prices are likely to trade weak due to speculative selling, even as spot prices are quoting Rs1000 higher than futures.
Turmeric:
Prices are likely to extend its previous day down side movement based on weak signals from the spot market
For near term market sentiment is expected to remain weak on sluggish over! seas and domestic demand.
As the monsoon season terminates, fresh overseas demand emergences in the market
In 2008-09 (April to June) total turmeric exported from India is accounted to 15000MT which is higher than last year of 14700 MT in the same period.
Spot price in Nizamabad slightly recovered to 4140 from 4076 levels in yesterday's auction.
Spices
Pepper futures extended its upward trend in yesterdays trading session on continued buying interest based on strong fundamental factors. The active September contract pepper futures made an intraday high of 14352 levels from a low of 14162 levels and ended the session at 14300 levels.
Jeera prices fell sharply due to speculative selling even as spot prices remained slight firm. Most active contract September NCDEX gained marginally in the opening session, however fresh selling emerged at higher levels and it pulled down the prices by 4 percent in closing session.
Turmeric: In previous trading session, Turmeric prices witnessed a high volatile movement. In early hours, prices went up on short covering in the market. Prices after hitting 4 % upper freeze resumed back its bearish sentiment in later hours of trade on taking cues from the weak spot market sentiment. Finally, prices closed at lower freezing point at 3768 levels in most active October contract.
Chilli: In most active October contract, chilli prices traded on positive note due to fresh buying in the market. Prices traded in the range of Rs.5570 to 5675 levels and at the end settled on positive note at 5580 levels marginally up by 0.79% compared to previous day closing.
NCDEX Sugar September
The September contract sugar prices were initially down and after testing a low of 1820 it closed slightly with an indecisive candle at 1840 levels. Previous days closing shows market may move slightly higher and the immediate resistance can be seen at 1860 and then 1890 levels. Likewise the supports can be seen at 1820 then 1800 levels. We expect sugar to trade sideways to higher on todays trading session.
14 August 2008
NCDEX Steel Aug Sell at 31250-300 TP 30600 SL 31500
NCDEX Guarseed- Sep Sell at 1700-1705 TP 1665 SL 1723
NCDEX Chilli - Aug Sell at 5200-5220 TP 5140 SL 5260
NCDEX Pepper - Sep Buy at 14220-240 TP 14450 SL 14070
NCDEX Sugar - Sep Buy at 1835-40 TP 1865 SL 1818
NCDEX Turmeric - Oct Sell at 3800-3820 TP 3732 SL 3855
NCDEX RM Seed - Sep Buy at 600-601 TP 615 SL 595
NCDEX Jeera - Sep Sell at 11700-740 TP 11500 SL 11810
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.
NCDEX- Calls
NCDEX Sugar October
The October contract sugar prices took mild pullback in the last trading session and after testing a high of 1801 it settled at 1785 levels. Market is expected to see some more pullback and breach 1802 may see prices testing 1810 levels. The supports can be seen at 1760 levels. We expect initial pullback can be seen and later it may resume downward trend.
NCDEX Guarseed- Nov Buy at 1800-05 TP 1835 SL 1777
NCDEX Soybean OctBuy at 2145 TP 2180 SL 2125
NCDEX Chilli Oct Sell at 5450 TP 5380 SL 5485
NCDEX Turmeric - Oct Sell at 3720-25 TP 3640 SL 3745
NCDEX RM Seed - Nov Buy at 590 TP 600 SL 584.50
NCDEX Jeera OctBuy at 12060 TP 12150 SL 11970
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.
Spices
At the weekends session, Pepper futures traded in a range bound levels in absence of fresh triggers in the market. At present, speculators are moving the market. However, fundamentally the long term sentiment is still strong. The active September contract Pepper futures traded in the range of 14391-14489 levels and ended the session at 14427
levels.
Jeera prices recovered marginally and closed in positive territory even as spot markets remained steady. Lack of selling pressure at these lower levels and short covering on recent decline led to marginal recovery in prices. The most active contract October NCDEX contract made high of Rs12220 and closed at Rs12080 levels.
Turmeric: On NCDEX platform, in last three consecutive days turmeric prices traded on lower side on increased selling pressure in the market on taking support from the weak spot market sentiment. Prices in October contract ended the session on negative note at 3695 levels after testing an intraday low at 3669 levels.
Chilli: In recent times, chilli prices are trading in range bound with sideways movement on lack of active participation in the market. In most active October contract, chilli prices traded in the narrow range of Rs. 5404 to 5457 levels in last trading session. Initially prices traded lower side but towards closing prices recovered and settled in green at 5429 levels on fresh buying at lower levels
NCDEX Sugar October
The October contract sugar prices took mild pullback in the last trading session and after testing a high of 1801 it settled at 1785 levels. Market is expected to see some more pullback and breach 1802 may see prices testing 1810 levels. The supports can be seen at 1760 levels. We expect initial pullback can be seen and later it may resume downward trend.
NCDEX Guarseed- Nov Buy at 1800-05 TP 1835 SL 1777
NCDEX Soybean OctBuy at 2145 TP 2180 SL 2125
NCDEX Chilli Oct Sell at 5450 TP 5380 SL 5485
NCDEX Turmeric - Oct Sell at 3720-25 TP 3640 SL 3745
NCDEX RM Seed - Nov Buy at 590 TP 600 SL 584.50
NCDEX Jeera OctBuy at 12060 TP 12150 SL 11970
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.
Spices
At the weekends session, Pepper futures traded in a range bound levels in absence of fresh triggers in the market. At present, speculators are moving the market. However, fundamentally the long term sentiment is still strong. The active September contract Pepper futures traded in the range of 14391-14489 levels and ended the session at 14427
levels.
Jeera prices recovered marginally and closed in positive territory even as spot markets remained steady. Lack of selling pressure at these lower levels and short covering on recent decline led to marginal recovery in prices. The most active contract October NCDEX contract made high of Rs12220 and closed at Rs12080 levels.
Turmeric: On NCDEX platform, in last three consecutive days turmeric prices traded on lower side on increased selling pressure in the market on taking support from the weak spot market sentiment. Prices in October contract ended the session on negative note at 3695 levels after testing an intraday low at 3669 levels.
Chilli: In recent times, chilli prices are trading in range bound with sideways movement on lack of active participation in the market. In most active October contract, chilli prices traded in the narrow range of Rs. 5404 to 5457 levels in last trading session. Initially prices traded lower side but towards closing prices recovered and settled in green at 5429 levels on fresh buying at lower levels
NCDEX- CAlls
PICK of the day:
RMSEED- NOVEMBER-NCDEX: SELL AROUND 594-597 TARGETING 586 AND THEN 582 WITH STOP LOSS ABOVE 601, CLOSED AT 593
Mustard Seed futures are projected to continue its downward trend in line with weak soybean market coupled with speculative selling pressure in the market. Investors are speculating that the demand for mustard oil will cool down in coming days when the new kharif oilseeds start hitting the market.
GUARSEED- NOVEMBER-NCDEX: SELL AROUND 1814-1823 TARGETING 1782 AND THEN 1770 WITH STOP LOSS ABOVE 1841, CLOSED AT 1801
Guar seed prices are likely to trade on weak note on revival of monsoon and cloudy weather across Rajasthan and Gujarat.
NCDEX Sugar October
The October contract sugar prices initially moved slightly higher and after testing a high of 1808 it settled lower at 1787 levels. Market is expected to make further correction on today and the immediate supports can be seen at 1766 levels. On break of the same it may test 1750 levels. Likewise, the resistances can be seen at 1810 levels. We expect sugar to trade lower for the day and recommend taking short positions.
NCDEX Steel Sep Buy at 29500-550 TP 30000 SL 29250
NCDEX CER - Dec Buy at 1372 TP 1400 SL 1360
NCDEX Guarseed- Nov Sell at 1815-19 TP 1783 SL 1840
NCDEX Soybean Oct Sell at 2155-60 TP 2125 SL 2184
NCDEX Chilli Oct Buy at 5440-50 TP 5540 SL 5375
NCDEX Pepper Oct Sell at 14620-645 TP 14350 SL 14750
NCDEX Sugar Oct Sell at 1792-95 TP 1768 SL 1815
NCDEX Turmeric - Oct Sell at 3732-36 TP 3690 SL 3758
NCDEX RM Seed - Nov Sell at 595-96 TP 588 SL 604
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.
Pepper futures traded on a negative note in an act of speculative-led trading activity in the market. The active September contract Pepper futures fell to an intraday low of 14193 levels from a high of 14479 levels and ended the day at 14236 levels with a loss of 1.32%.
Jeera prices moved in range bound on lack of any triggers as spot markets were closed on eve of Krishnajanmashtami festival at Unjha. The active October futures traded in the range of Rs 12189 11990 levels and finally closed at Rs12095 per quintal.
Turmeric: After a continuous down side movement during last week, turmeric for the first time trade on positive note due to short covering at lower levels. On NCDEX platform, turmeric prices climbed to an intraday high of 3777 levels from the opening level of 3702 on profit taking. There after prices, tumbled to 3695 levels in line with the weak spot market sentiment. Prices closed on positive note at 3726 levels marginally up by 0.84%.
Chilli: On exchange chilli, prices witnessed a sideways to upward movement due to fresh buying on taking support from the firm sentiment in spot market. The most active October contract traded in the broad range of Rs 5361 to 5515 levels and ended the session in green at 5478 levels up by 0.9% compared to previous closing.
PICK of the day:
RMSEED- NOVEMBER-NCDEX: SELL AROUND 594-597 TARGETING 586 AND THEN 582 WITH STOP LOSS ABOVE 601, CLOSED AT 593
Mustard Seed futures are projected to continue its downward trend in line with weak soybean market coupled with speculative selling pressure in the market. Investors are speculating that the demand for mustard oil will cool down in coming days when the new kharif oilseeds start hitting the market.
GUARSEED- NOVEMBER-NCDEX: SELL AROUND 1814-1823 TARGETING 1782 AND THEN 1770 WITH STOP LOSS ABOVE 1841, CLOSED AT 1801
Guar seed prices are likely to trade on weak note on revival of monsoon and cloudy weather across Rajasthan and Gujarat.
NCDEX Sugar October
The October contract sugar prices initially moved slightly higher and after testing a high of 1808 it settled lower at 1787 levels. Market is expected to make further correction on today and the immediate supports can be seen at 1766 levels. On break of the same it may test 1750 levels. Likewise, the resistances can be seen at 1810 levels. We expect sugar to trade lower for the day and recommend taking short positions.
NCDEX Steel Sep Buy at 29500-550 TP 30000 SL 29250
NCDEX CER - Dec Buy at 1372 TP 1400 SL 1360
NCDEX Guarseed- Nov Sell at 1815-19 TP 1783 SL 1840
NCDEX Soybean Oct Sell at 2155-60 TP 2125 SL 2184
NCDEX Chilli Oct Buy at 5440-50 TP 5540 SL 5375
NCDEX Pepper Oct Sell at 14620-645 TP 14350 SL 14750
NCDEX Sugar Oct Sell at 1792-95 TP 1768 SL 1815
NCDEX Turmeric - Oct Sell at 3732-36 TP 3690 SL 3758
NCDEX RM Seed - Nov Sell at 595-96 TP 588 SL 604
*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.
Pepper futures traded on a negative note in an act of speculative-led trading activity in the market. The active September contract Pepper futures fell to an intraday low of 14193 levels from a high of 14479 levels and ended the day at 14236 levels with a loss of 1.32%.
Jeera prices moved in range bound on lack of any triggers as spot markets were closed on eve of Krishnajanmashtami festival at Unjha. The active October futures traded in the range of Rs 12189 11990 levels and finally closed at Rs12095 per quintal.
Turmeric: After a continuous down side movement during last week, turmeric for the first time trade on positive note due to short covering at lower levels. On NCDEX platform, turmeric prices climbed to an intraday high of 3777 levels from the opening level of 3702 on profit taking. There after prices, tumbled to 3695 levels in line with the weak spot market sentiment. Prices closed on positive note at 3726 levels marginally up by 0.84%.
Chilli: On exchange chilli, prices witnessed a sideways to upward movement due to fresh buying on taking support from the firm sentiment in spot market. The most active October contract traded in the broad range of Rs 5361 to 5515 levels and ended the session in green at 5478 levels up by 0.9% compared to previous closing.
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