The trendline breakout in RSI and bullish crossover in MACD support our bullish view in the Castor Seed.
MACD above zero line, along with prices taking support at 61 EMA, indicates a breakout for upward movement. A long trade can be taken.
Overall, we expect a bullish trend in NCDEX Castor Seed futures for the month ahead.
The Relative Strength Index (RSI-14) has breached above the 50 level which signals bullish presence in the counter.
Marketmen attributed the fall in castor seed prices in futures trade to cutting down of bets by participants amid mounting stocks on consistent supplies from growing belts.
According to new released estimate of the Solvent Extractor‘s Association of India, India is likely to produce 25% down castor seed to 10.23 lakh tonnes in 2 ...
Castor meal export from India for the month of February 2017 stood at 30312 tonnes compared to 5263 tonnes exported in January 2017. Average Castor meal export ...
As per the Solvent Extractor‘s Association of India, India is likely to produce 25% down castor seed in 2016/17 as compared to 2015/16. This year farmers hav ...
As per the research conducted by the Solvent Extractots‘ Association of India, Farmers can cultivate castor seed on a reduced area and yet get higher yield b ...
India has around 11.50 lakh hectares of land under castor seed cultivation and there is a decline of 24% in area in 2016/17 over previous year. India is the ma ...
As per second advance estimates released by Gujarat government, Castor production for the Kharif 2016/17 is estimated at 14.2 lakh tons against 14.1 lakh tons ...
The exchange has currently launched February, March, April and May 2017 contracts in Castor Seed, with 10 MT as the trading unit and Deesa (Gujarat) as the basis centre.
The Exchange has received approval from SEBI for re-launching of the contract after its suspension in January 2016.
Short term knee-jerk measures like cracking down on pulses traders haven't been able to improve supply situation. Long-term measures are being discussed but yet to be implemented.
Watch Manisha Gupta of CNBC-TV18 speaking about the NCDEX board meet tomorrow to discuss castor seed management issues and much more.
Geofin Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell CPO, Castor seed on pullbacks and Refined Soy oil below Rs 634, in its research report dated January 22, 2015.
Geofin Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Castor seed on pullback, Kharif Maize below Rs 9410 and buy Cardamom on dip, in its research report dated January 19, 2015.
Geofin Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Jeera on dip, RM Seed above Rs 3631 and sell Castor seed on pullbacks, in its research report dated January 13, 2015.
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Castor seed, CPO on dip and sell Cocudakl below 1352, in its report dated November 03, 2014.
Sharekhan has come out with its report on agri commodities. According to the research firm oilseed is likely to remain range bound.
Sharekhan has come out with its report on agri commodities. According to the research firm Oilseed is likely to remain range bound.
Sharekhan has come out with its report on agri commodities. According to the research firm, Chana prices would remain weak on profit booking while upcoming festival demand may support the prices.
Sharekhan has come out with its report on agri commodities. According to the research firm, one can buy sugar, soybean and coriander on dips for short-term. Wheat and maize are trading near or on MSP. Market participants are expecting the re-launch of guar contracts at NCDEX platform.
Dani Commodities has come out with its report on Castor Seed. According to the research firm, traders can initiate selling at around Rs 3530-3540 levels. Supports are likely at Rs 3475-3480 levels in the near term.
Sharekhan has come out with its report on Castor Seed. The research firm expect upward sloping channel to break on the downside in Castor Seed and expect target of Rs3320, which is the weekly lower Bollinger Band and below that expect level of Rs3240.