TODAY NCDEX MARKET CALLS FOR COMMODITIES (19March2010) : Kotak Commodity
Published on Friday, March 19th, 2010 at 12:29 PMAuthor: onlinecommoditycalls (1958 Articles)
Here is a summary of a commodity market report by Kotak Commodity:
Mustard April futures are trying to breach the strong resistances of Rs 492, next resistances is at Rs 498, volume and open interest is flat,“ said Dharmesh Bhatia, technical analyst, Kotak Commodity Services. Selling on rise at Rs 489-493 with stop loss of Rs 488 and target of Rs 470 is advisable.
Refined oil April futures are trading weak and has broken the support of Rs 455, next support is at Rs 449. Unless the price closes above Rs 463 level, selling on rise at Rs 458-460, with stop loss of Rs 465 and target of Rs 450 is recommended.
Soybean seed April futures are likely to breach the strong resistance of Rs 2,018 (20 SMA). Unless broken, selling on rise at Rs 1,996-2006 with stop loss of Rs 2,029 and target of Rs 1,943 is suggested.
Chana April futures are trading flat and for the past few days, it is trading in the range of Rs 2,130-2,250. Unless the price closes above Rs 2,270 level, selling on rise at Rs 2,221-2,231 with stop loss of Rs 2,289 and target of Rs 2,186 is advisable.
Turmeric April futures are trading firm and made a contract high of Rs 11,289 next resistances is at Rs 11,510. Unless price closes below Rs 10,000, buying on dips at Rs 10,540-10,580 with stop loss of Rs 10,301 and target of Rs 11,065 is recommended.
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