29 April Commodity Update,Intraday NCDEX Tips,Import Obligation On Sugar Has Been Expanded

Import obligation on Sugar has been expanded from rom 25 percent to 40 percent in India.

The Union Cabinet led by the Prime Minister, Narendra Modi, today issued its approbation to expand import obligation.

The obligation on import of sugar under the Open General License  (OGL) might be expanded to 40 percent, as against the current level of 25 percent. This would keep any imports in the event that worldwide costs of sugar were to discourage further.

The "Obligation Free Import Authorization" plan (DFIA), for sugar would be withdrawn. Under the DFIA, exporters of sugar could import obligation free, passable amounts of crude sugar for resulting transforming and transfer. To keep spillage of sugar produced using such obligation free imports in the household showcases, the DFIA plan for sugar would be withdrawn.

Likewise, the period for releasing Export Obligations under the Advanced Authorization Scheme for sugar would be decreased to six  months, in order to keep any probability of any spillage into the residential markets.

NCDEX Tips Today

NCDEX Sugar Sideway In Trend Supported at 2155-2445 with Crucial Resistance at 2485-2499.

Intraday NCDEX Tips 

Commodity market Update|NCDEX Chana Tips Today 27 April 2015

Commodity Outlook
NCDEX Chana costs proceeded with its bullish moves lastly shut the day at 4110 levels. As costs broke the resistance of 4052, hope to see upside revitalizes towards 4134/4160 or significantly higher to 4200 levels. Further, positive day by day RSI (14) alongside expansion in volumes are proposing bullish viewpoint. Alternately.Chana prices could continue its upward momentum on lower crop concerns. New arrivals could limit upside. Support is at 4081. Resistance is at 4297.

NCDEX Chana Tips Today 
Buy above 4125 with targets 4186-4208 and an S/L at 4084.


NCDEX MCX Tips

NCDEX Trading Tips:NCDEX Coriander To Extend Gain on Robust Demand

Untimely rain Affected on the Price and quality of the spices In domestic market. At NCDEX Coriander futures extended its gains as robust demand with lack of quality spice projected the prices higher in the NCDEX paltform. Coriander May contract was trading up by 1.12 per cent to 9365 levels on Thursday at NCDEX.


Coriander May futures may trade bullish for short term with support at 9000 and resistance – 9800 as according to the Commodity Expert  Side ways trade can be expected for intra day with support at 9300 and resistance at 9470.

NCDEX Tarding Tips:

Ncdex Mustard seed sideway in trend  market Supported at  3672-3650 with immediate resistance at 3720-3740

NCDEX Kapas will see bearish outlook supported at 910-903 at crucial resistance at 922-927

NCDEX Coriander sideway in trend with support at 9300-9131 and resistance at 9470-9590 

NCDEX Commodity Update and Today NCDEX Tips: NCDEX Castor Seed Future Bullish In Trend

At NCDEX Castorseed prices rose by 1.79 per cent on Friday as a result of the Rising domestic demand.

 At the NCDEX, castor seed April contract Likely to trand bullish for both short term and intra day At 12.30 castor Seed trade Rs. 3,633 against the previous closing price of Rs. 3,634. It touched the intra-day high of Rs. 3,711 till the trading. .

NCDEX Commodity Tips Today:

NCDEX castor Seed Bulish In trend While trading below 3650 supported at  3600.4 -3547.1 with Immediate Resistance at 3667.6  3728.

NCDEX Soyabean Sideway In trend supprorted at 3595-3548 with safe side Resistance at 3542-3550 

Mcx Commodity Market Update and Commodity Intraday Tips: Commodity market face Bearish outllook.

In the Indian Commodity Market Base Metal and Energy price bearish in trend Zinc prices fell by 0.45 per cent to Rs 133.35 per kg in futures trade today. 

At the Multi Commodity Exchange, zinc for delivery in April traded lower by 60 paise, or 0.45 per cent, at Rs 133.35 per kg in a business turnover of 171 lots.

In The Energy market Crude oil futures fell by 0.47 per cent to Rs 3,410 per barrel today
 
At the Multi Commodity Exchange, crude oil for delivery in May Trand Rs 16, or 0.47 per cent, to Rs 3,410 per barrel in 78 lots. The oil for April delivery fell by Rs 15, or 0.45 per cent, to Rs 3,310 per barrel in a volume of 839 lots.

Mcx Base Metal Tips Today:
Buy Mcx Zinc (Apr) above 133.60 with TG-135.50-136.20 at SL-132.60

BUY COPPER Below 377.80 T1- 378.40 with SL- 374.80