NCDEX UP DATED :
Dhaniya trend is bearish trend. Selling from high and has given a breakout through the “FLAG” chart patter on weekly charts. Dhaniyas January future market down by -16.40% on Friday. Coriander Seed Badami at Ramganj market is offered at Rs. 9000-9100 per quintal, unchanged as compared to previous close.
Turmeric trend may remain on buy on dip. Technically market is under freshbuying as market has witnessed gain in open interest by 11.09% to settled at 26190 while prices up 1094 rupee, now Turmeric is getting support at 8580 and below same could see a test of 8040 level, and resistance is now likely to be seen at 9680, a move above could see prices testing 9750. Further, rising domestic and export demand in the spot market mainly led to the rise in turmeric prices.
Yesterday,
NCDEX Soybean Jan futures closed negative (1.20% lower) taking clues from the international markets and on profit booking on higher levels. In the international markets, soybean was also down by 1.78%. Soybean prices in Indore mandi weak on poor buying support yesterday. According to trade sources about 1.00 lac bags (100 kg each) arrived in mandies of the Madhya Pradesh state. Its recommended to buy soybean above 3370 target 3420 sl 3340.
Jeera prices continued this rally and later the Friday’s session closed at 15305. As prices are able to sustain above 15300 could continue upward bias towards 16200 followed by 16000 levels in the near term. Further, an in-crease in open interest corresponding with volume is also supporting the buying spree. On the other side, an unexpected fall below 15150 could see profit booking towards 16200 followed by 15300 levels.
CARDOMAM Prices would continue the upside momentum towards 1100 levels. Buying trend from every dip in cardamom Technically market is under fresh buying as market has witnessed gain in open interest by 16.25% to settled at 1100.Its recommended to buy cardamom (jan) above 1030 target 1045-1060 with sl 1000.
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Market Out Look..........5th Jan.............
Market finally closed with a strong note and above 8350 which indicate we are continue in positive mode and up move continue towards 8600 in near term.................
Down side consider support 8300 and major support of 8200 for long position..............
Bank Nifty also closed above first time 19000 and future closed above 19200 which indicate any decline to buy side with consider resistance 19500.
CNX IT also looks good and fresh up move continue 11500 and above. Above 11000 looks very very hot and buy side.
Auto Stocks looks good and buy side like, Tata Motor, Hero Motor, Maruti, Bajaj Auto , TVS Motors andmany more.
Financial stocks looks good and all housing stocks were saw in strong buying like, India Bull Finance,
REPCO, LIC Housing,
GIC Housing, Can Fin Home finance and many more. M&M Financial fresh break out and buy side.
Steel stocks also looks good at current level for the long term. Tata Steel specially good as break out in trading range for the last 2 weeks indciate buying side. If not break................up side target 500 in coming days...................
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Our Performance in December 2014 in
commodity market..... (Positional Call)
Gold.............Sell call at 27500 stop loss 27800 down target 25500 almost achieved............Total Gained almost 2000 points at positional call.
Silver.............Our Sell Call at 38000 stop loss 39000 on closing basis target 35000 and below...........almost gained 4000 points .
Crude...............Our Sell call below 4350 in open quantity for target 3500-3300.............Almost gained 1000 points on postional bnasis.
Copper....................Our Sell call at 414 stop loss 422 target 390 achieved and gained 24 points..................
Nickel..................our sell call at 1050 stop loss 1080 target 980 and below more added sell for target 950..............all achieved and gained more than 100 points.
Natural Gas.................our sell call below 250 stop loss 272 target 190.............achieved and gained 60 points.
Aluminium..................our sell call below 125 sl 127 target 115...............10 points gained.
Zinc................Below 140 sell stop loss 143 target 135............gained 5 points..................
Lead...............our sell call below 125 stop loss 130 target 115............almost acieved for target 115.............achieved
gained 9 points
TODAY’S PRE MARKET | 5 JAN 2014
TODAY’S STOCK MARKET | 5 JAN 2014
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