Daily commodities calls!

[jack2k1]

ncdex calls 28.08.08

NCDEX Sugar October
The October contract sugar prices have shown a smart recovery from the recent fall and ended on a higher note at 1784 levels. Market is likely to take further pullback and the resistance can be seen at 1800 levels. However, if it sustains below 1800 we may expect sugar to trade lower and the supports can be seen at 1766 and then 1750 levels. We expect sugar to trade slightly higher for the day.

NCDEX CER dec Buy at 1375-80 TP 1395 SL 1368

NCDEX Guarseed Nov Buy at 1795-1800 TP 1830 SL 1768

NCDEX Soybean Oct Buy above 2145 TP 2175 SL 2125

NCDEX RM Seed Nov Buy at 584 TP 590 SL 579

NCDEX Pepper Oct Sell at 14400-425 TP 14180 SL 14580

NCDEX Turmeric Oct Buy at 3675 TP 3780 SL 3648

NCDEX Jeera Oct Buy at 11875-80 TP 12000 SL 11795

NCDEX Sugar Oct Buy at 1770-74 TP 1800 STRICT SL 1755

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.

Spices
Pepper futures recovered moderately from previous days weakness following month end position squaring. Though spot prices are quoting higher compared to futures market investors are not willing to buy in futures market as the international is remaining quiet. The active September contract Pepper futures traded in the range of 13865 levels to 14125 levels and ended the day at 14031 levels gaining by 0.40%.
Jeera prices recovered marginally after it took good technical support even as spot markets remained weak. The October NCDEX contract took strong support at Rs11650 and recovered towards Rs11990 levels and it closed at Rs11933. Turmeric: In early trading hours, futures turmeric prices sharply declined in line with weak spot market sentiment and posted an intraday low at 3557 levels. There after, prices in one shot recovered on short covering and ended the session on positive note at 3722 levels up by 3.16% compared to previous day closing.
Chilli: In previous trading session, futures chilli prices traded on weak note on fresh selling. Prices in October delivery contract after testing the days low at 3286 levels prices recovered and ended the session at 3328 levels down by 0.82%

 

[jack2k1]

calls 29.08.08

NCDEX Sugar October
The October contract sugar prices were slightly higher in the last trading session and closed at 1794 levels. The immediate resistance can be seen at 1805 levels. On break of the same may see prices testing 1820-1825 levels. Likewise, the supports are at 1790 and then 1775-70 levels. We expect sugar may trade higher and breach of 1805 may confirm further upside movement.

NCDEX CER dec Buy at 1353-55 TP 1380 SL 1343

NCDEX Guarseed Nov Sell at 1825-30 TP 1798 SL 1851

NCDEX Soybean OctSell below 2125 TP 2100 SL 2148

NCDEX RM Seed Nov Sell at 586-88 TP 578 SL 593

NCDEX Chilli Oct Buy at 5250-65 TP 5350 SL 5200

NCDEX Pepper Oct Sell at 14355-75 TP 14260 SL 14480

NCDEX Turmeric Oct Buy at 3815-25 TP 3890 SL 3790

NCDEX Jeera Oct 139 Sell at 11845-55 TP 11680 SL 11970

NCDEX Sugar Oct Buy only above 1802 TP 1815 SL 1781

NCDEX Steel sep Sell at 29380-450 TP 29000 SL 29590


*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.


Spices
Pepper futures traded in a range bound level due to absence of fresh fundamental factor in the market. However,spot market remained steady with limited activity. The active September contract Pepper futures on the NCDEX traded in the range of 14005 to 14118 levels and ended the day at 14058 levels.

Jeera prices fell once again on freshselling pressure as spot markets remained weak. The October NCDEX contract fell sharply to Rs11720 levels after making high of Rs12014.

Turmeric: From last two consecutive days, turmeric prices trading on positive note due to short covering on recent fall. Prices in October delivery contract sharply went up from the opening level of 3722 levels and tested a days high at 3854 levels before closing at 3840 levels up by 3.39% in previous trading session.

Chilli: In previous trading session, futures chilli prices traded on weak note on fresh selling. Prices in October delivery contract ended the session on negative note at 5294 levels down by 0.92% compared to previous day closing.

 

[jack2k1]

calls NCDEX Agri

Sugar

Sugar futures are projected to continue its upward trend on expectation of str! ong buying interest supported by robust physical demand for the produ ce ahead of festival season. Market is waiting for announcement of free sale quota for the month of September, which will give clear direction to the market. This announcement is likely to be out in a day or two. According to previous release order announced in July, the free sale quota for the month of September should be 9 lakh tonnes but looking into festive demand the government may revise this quota. For 2008-09, India's sugar production is projected at around 20 million tonnes against 25.4 million tonnes produced lsat year.

Jeera prices closed in positive side after moving in narrow range. The active futures October NCDEX recovered from early losses and closed at Rs 11904.

Turmeric: On NCDEX, turmeric prices witnessed a sideway to weak movement in previous trading session on taking support from the weak sentiment across the major markets. In October delivery contract, prices after testing an intraday high at 3890 levels sharply tumbled to settle at 3835 down by 0.9% against previous day closing.

Chilli: In last trading session chilli, prices recovered from last week fall on account of profit taking in the market. Prices in active contract moved higher side from the opening level of

NCDEX Steel Oct Sell at 28750-800 TP 28300 SL 29050

NCDEX Guarseed Nov Buy at 1814-18 TP 1850 SL 1788

NCDEX Soybean Oct Sell at 2188-94 TP 2145 SL 2205

NCDEX RM Seed Nov Sell at 600-602 TP 585 SL 605

NCDEX Chilli Oct Buy at 5235-40 TP 5340 SL 5190

NCDEX Pepper Oct Sell at 14450-500 TP 14200 SL 14650

NCDEX Turmeric Oct Sell at 3842-45 TP 3780 SL 3880

NCDEX Jeera Oct Sell at 11905-925 TP 11780 SL 11990
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*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.

 

[jack2k1]

calls ncdex agri

NCDEX Sugar October
The October contract sugar prices traded lower in the last trading session and after testing a low of 1765 it settled at 1768 levels. Market is expected to see further correction and the next immediate supports can be seen at 1747 and then 1730 levels. Like wise, the resistances can be seen at 1785 levels. We recommend taking short positions for the day.

NCDEX Steel Oct Buy at 28600 TP 28900 SL 28440

NCDEX Guar seed Nov 1873 Sell at 1820-25 TP 1795 SL 1845

NCDEX Soybean Oct Sell at 2158-64 TP 2125 SL 2185

NCDEX RM Seed Nov Sell at 598-600 TP 589 SL 604

NCDEX Chilli Oct Buy at 5350-55 TP 5450 SL 5280

NCDEX Pepper Oct Sell at 14265-285 SL 14000 SL 14425

NCDEX Turmeric Oct Sell at 3814-20 TP 3780 SL 3845

NCDEX Jeera Oct Buy at 11990 TP 12150 SL 11925

NCDEX Sugar Oct Sell at 1775-80 TP 1745 SL 1795

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.

Spices
Pepper futures traded in the range bound to downward bias in absence of active participation in the market. Sluggish demand especially from exporters is weighing on the market. The September contract Pepper futures traded in the range of 14210‐14350 levels and ended the day at 14243 levels.

Jeera prices recovered marginally due to short covering even as spot markets remained almost steady. The active futures, October NCDEX moved up to Rs12078 and closed at Rs12000 levels.

Turmeric: On NCDEX, turmeric prices witnessed a sideway to down side movement in last trading session on taking support from the weak sentiment across the major markets. In October delivery contract, prices traded in the narrow range of Rs.3770 levels to 3863 levels before closing at 3803 levels marginally down by 0.36%.

Chilli: For the second consecutive day, chilli prices traded on firm note on the back technical buying accompanied by short covering on last week fall. Prices in active October contract ended the session on positive note at 5383 levels after testing the intraday high at 5401 levels per quintal

 

[jack2k1]

Ncdex calls 08.09.08

Pick of the day:
STEEL-OCTOBER-NCDEX: BUY AROUND 29220-260 TARGETING 29550 WITH STOP LOSS BELOW 28850, CLOSED AT 29360
Steel Prices are likely to take some pullback for the day, although the overall sentiment is still on the lower side.
MAIZE-SEPTEMBER-NCDEX: SELL AROUND 985-990 TARGETING 970 THEN 955 WITH STOP LOSS ABOVE 1003, CLOSED AT 980
Maize prices are likely to trade on lower side on the back of commencement of arrivals from new crop followed by sluggish domestic demand.

NCDEX Sugar October
The October contract sugar prices traded sideways in the last trading session, after testing a low of 1713 it closed at 1728 levels. Market is expected to see a pullback and the resistances can be seen at 1747 levels. On break of the same it may test 1755-1760 levels. However, a small correction can be expected and the supports can be seen at 1710 and then 1700 levels. We recommend taking long positions for the day.

NCDEX Steel Oct Buy at 29250-280 TP 29650 SL 29050

NCDEX Guarseed NovSell at 1780-84 TP 1745 SL 1795

NCDEX Soybean Oct Sell at 2115-20 TP 2085 SL 2135

NCDEX RM Seed Nov Sell at 583-585 TP 575 SL 588

NCDEX Chilli Oct Sell at 5305 TP 5160 SL 5380

NCDEX Pepper Oct Sell at 13700-750 TP 13550 SL 13825

NCDEX Jeera Nov Sell at 11900 TP 11750 SL 12000

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forwed

Spices Turmeric: On weekend session futures turmeric prices trades sideways to lower on the back of increased selling pressure in the market. In most active October, contract prices traded in the narrow range of Rs. 3696 levels to 3772 levels. Finally, prices ended the session on negative note at 3720 levels down by 1.17% against previous closing.

Chilli: In line with the weak spot market, sentiment prices in futures market on last trading session sharply fell on the back of fresh selling pressure. Prices in October delivery contract sharply tumbled to 5238 levels from the opening levels of 5395 on panic selling. Towards closing prices slightly recovered and ended the session at 5295 levels down by 2.88%.

Jeera prices fell sharply on week end trading session due to weak demand in spot markets. the active futures fell from days high of Rs12302 to Rs11830

 

[jack2k1]

NCDEX calls

Date: 9 September 2008

Pick of the Day

GOLD- October-MCX: SELL AROUND 11675-11690 TARGETING 11600 WITH STOP LOSS ABOVE 11715, CLOSED AT 11649

RMSEED-NOVEMBER-NCDEX: SELL AROUND 580-583 TARGETING 572-570 WITH STOP LOSS ABOVE 588, CLOSED AT 578.60
Mustard seed futures are projected to extend its downward tr end due to selling pressure supported by weakness in soybean market. Market is speculating that higher kharif oilseeds production would dampen the demand for mustard seed in coming days. From October onwards Rabi season starts and mustard seed is grown in this season. We have to closely monitor the sowing activities from October onwards.

NCDEX Sugar October
The October contract sugar prices traded sideways in the last session and settled at 1723 levels. Market is expected to remain sideways and may see a slight upside movement towards 1738-40 range. However, if market fails to breach the resistance levels we may see prices trading lower and the supports can be seen at 1713 and then 1700 levels.


NCDEX Guarseed Nov Sell at 1734 TP 1685 SL 1758

NCDEX Soybean Oct Sell at 2135-40 TP 2100 SL 2158

NCDEX RM Seed Nov Sell at 580-581 TP 570 SL 585.50

NCDEX Chilli Oct Sell at 5275-85 TP 5200 SL 5325

NCDEX Pepper Oct Sell at 13400-425 TP 13000 SL 13650

NCDEX Turmeric Oct Sell at 3715-25 TP 3660 SL 3740

NCDEX Jeera Nov Sell at 11940 TP 11800 SL 12040

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.

Bullion

In the absence of any major economic data, bullion prices were mostly on the sidelines
yesterday. The bailout of Fannie Mae and Freddie Mac, the state-owned mortgage giants,
resulted in the dollar losing ground initially. The impact of the rescue is unclear as the rise in
unemployment figures on the weekend will curb the Federal Reserve to increase rates in the
near future. The economy still projects a gloomy picture, with weak financial, housing and job
market. However, the bailout of the two financial behemoths induced a sense of security in the
financial market, thus boosting the dollar and the stock markets. The dollar index, which tracks the greenback versus six major currencies, rose to a one-year high of 80.38. The gaining dollar and the stock markets, thus, reduced the appeal of the precious metal as an alternative investment, as it closed near the days lows of $798.50 per troy ounce.

For the day, the pending home sales and the wholesale inventories data has to be watched out
for. According to expectations, the data is likely to prove mixed for prices. Nevertheless, on the back of the gaining greenback, we expect prices to trade lower for the day.



Crude oil

Crude oil prices gained marginally yesterday, up 0.38% at $106.63 per barrel. Prices seemed to gain on the back of the threat posted by Hurricane Ike, moving over Cuba. The resumption of the refineries, briefly shut down due to Gustav, was delayed due to the expectation of Hurricane Ike, resulting in gain in prices. However, the strengthening dollar checked the uptrend in prices, thus resulting in a lower closing. Moreover, reports of Ike weakening to a category-1 storm are likely to further weaken the trend in prices.
As per the DOE inventory levels, the expected decline in stocks is likely to prove supportive for
prices. The Organization of Petroleum Exporting Countries, which supplies more than 40% of the world's oil, will hold a full gathering of all 13 members later today. The group is expected to leave its output quotas unchanged. For the day, we expect crude oil prices to trade sideways-to higher on the back of a strengthening greenback and declining inventory levels.

 

[jack2k1]

NCDEX Calls sept 10'2008

Please ACTIVATE COAL contract on your Respective systems.
Today NCDEX LAUNCHING COAL CONTRACT


STEEL- October-NCDEX: SELL AROUND 29200 TARGETING 29000 THEN 28900 WITH STOP LOSS ABOVE 29500, CLOSED AT 29100
Steel prices are likely to fall on account of weak market sentiment attributed to lower international prices.

SUGAR-OCTOBER-NCDEX: SELL AROUND 1725-30 TARGETING 1707-1700 WITH STOP LOSS ABOVE 1748, CLOSED AT 1721

NCDEX Sugar October
The October contract sugar prices were seen trading lower and settled at 1721 levels. Market is expected to take correction and the next supports 1713 and then 1700 levels. Likewise, the resistances can be seen at 1738-40. If market sustains below the resistance levels we may expect sugar to trade lower and recommend taking short positions for the day.

NCDEX Steel Oct Sell at 29200 TP 28950 SL 29380

NCDEX Guarseed Nov Buy above 1727 TP 1750 SL 1703

NCDEX Soybean Oct Sell at 2108-2110 TP 2080 SL 2125

NCDEX RM Seed Nov Sell at 566-68 TP 557 SL 575

NCDEX Chilli Oct Buy at 5318 TP 5420 SL 5250

NCDEX Pepper Oct Buy at 13400 TP 13600 SL 13215

NCDEX Turmeric Oct Sell at 3710 TP 3675 SL 3738

NCDEX Jeera Sell at 11840 TP 11650 SL 11950

NCDEX Sugar Oct Sell at 1725 TP 1708 SL 1744

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward.

Spices
Pepper futures recovered moderately in yesterdays session on account of short covering on the recent fall. The September contract Pepper futures made an intraday high of 13499 from a low of 13303 levels and ended the day at 13452 levels.

Jeera prices fell sharply due to fresh selling pressure even as spot markets remained steady. The active futures, October NCDEX fell towards Rs11760 losing nearly 2 percent from the previous close.

Turmeric: Turmeric prices witnessed a range bound movement in previous trading session between 3656 to 3710 levels due to inactive participation. October contract prices ended the session in red at 3684 levels marginally down by 0.35%.

Chilli: On NCDEX futures, chilli prices displayed a mixed movement in previous trading session. Prices in active October contract after testing an intraday low at 5215 levels prices sharply recovered towards 5400 levels on short covering in the market .At the end prices ended the session in positive note at 5340 levels up by 1.29%.

 

[jack2k1]

g.seed call NCDEX

sell ncdex nov g.seed @ cmp 1668 sl abv 1700 tg 1630

 

[jack2k1]

hi friiends i m BACK today comm calls

Pick o f the day:
RMSEED- November-NCDEX: SELL AROUND 587-589 TARGETING 577 WITH STOP LOSS ABOVE 595, CLOSED AT 583
Mustard seed futures are forecast to continue its downward trend based on weak soybean market coupled with increased selling pressure in the market. Absence of fresh fundamental factors may put pressure on the market. Weakness in global oilseeds market may put further pressure on the market.

NCDEX Sugar October
The October contract sugar prices were up in the last trading session as it failed to breach 1738 and closed on a higher note at 1771 levels. Market is expected to move higher and the next resistance is seen at 1785 and then 1800 levels. Likewise, the supports can be seen at 1760 and then 1752 levels. We recommend taking long positions for the day

NCDEX Soybean - November
Soybean settled at lower circuit on Monday after a weak opening at 1938 levels. The recent breakout and close below 1900 levels signals further bearish momentum for the market. Immediate support is seen at 1867 which is reaction low of the contract and breach of the same may see decline further to 1840 levels. Resistance is seen at 1900 and 1925-30 range. Stay short.

NCDEX Guarseed Nov
Guarseed Nov contract below the support 1660 levels loosing Rs 24. Market has witnessed weak selling despite it breached the support of 1660 levels. Market tested a low of 1650 settled at 1657 levels after flat trading at 1650-1665 levels in the later session. The closing signals further weakness in Guar for the session. On break of 1650, further decline may be expected towards 1625-20 levels. Resistance is seen at 1700 levels.

NCDEX Pepper October Pepper was little indecisive on Monday and settled at 13604 gaining marginal 51 rupees. Market is now at crucial levels. Prices are taking support at 50 Days EMA pegged at 13400 levels and immediate resistance at 13800 levels. If it breaches 13,800 levels then further gain is expected towards the trend line resistance of 14000 levels. And, a daily close above 14000, may see a northward rally in the short term. On the lower side, sustain trade below 13400 may carry bearish momentum.











NCDEX Guar seed Nov
Sell at 1663-66 TP 1635 SL 1696

NCDEX Soybean Oct
Sell at 1990-95 TP 1960 SL 2028

NCDEX RM Seed Nov
Sell at 586-88 TP 575 SL 595

NCDEX Chilli Oct Sell at 5175-80 TP 5085 SL 5230

NCDEX Turmeric Oct Sell at 3816-24 TP 3772 SL 3856

NCDEX Sugar Oct Buy at 1756-60 TP 1800 SL 1745

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be carried forward

Spices
Pepper: Pepper futures displayed mixed trend in yesterdays session with upward bias. Profit booking led to slight fall in the prices during mid of the day but later market ended on a positive note based on strong fundamental factors. The October contract Pepper futures traded in the range of 13442‐13670 levels and ended the session at 13599, up by 0.34%.

Jeera: Jeera recovered further on continued short covering even as most of the commodities remained week on yesterdays trading session. The active contract November NCDEX recovered towards Rs10919 levels and closed at Rs10871 per quintal.

Turmeric: Futures turmeric prices traded in negative territory in previous trading session on the back of increased selling pressure. In active October contract turmeric, prices fell to 3780 levels from the days high of 3864 levels on the back of continuation of profit taking in the market. Finally, prices closed in red at 3808 levels down by 1.08%.

Chilli: From last two weeks Chilli futures on NCDEX platform trading on negative note on the back of increased selling pressure .In yesterdays session chilli prices fell from the opening level of 5225 to 5130 levels before closing at 5170 levels down by 0.06%.

Coriander: Coriander futures moved sideways after making new contract low. The active futures October MCX made new contract low of Rs7691 and closed at Rs7771 just above previous contract low of Rs7759. Lack of demand and higher arrivals pulled down prices in the past few days.

 

[jack2k1]

RM seed & TMC calls

RMSEED (NCDEX -NOV) SELL BELOW 582.20 T1- 570 T2- 566 S/l 590 (intraday call high risk)

Tmc (NCDEX -oct) SELL BELOW 3740 T1- 3660 T2-3600 S/l 3810 (positional call moderate risk)