Archive for April, 2011

Castor Seed Looking Bearish in the Short Term

Wednesday, April 27th, 2011

Castor Seed shows mixed sentiments in today’s trading session as Castor Seed prices at NCDEX, May contract has given an opening at 4995 per quintal and after making intraday high of 5015 it started trading down side and made an intraday low at 4970 and still expected to trade down side. Slackness in demand and [...]

Soybean Rises on Short Covering ‎

Wednesday, April 20th, 2011

NCDEX May soybean futures ended higher on Tuesday due to short covering after continuous fall in the last 4-5 trading sessions. There is market talk that the India can get soy meal export order from China and firm soybean futures of soybean at CBOT provided support to the bulls. Weekly export inspections report released on [...]

India copper and gold futures seen higher

Tuesday, April 12th, 2011

Reuters reported that India’s copper futures are likely to extend last week’s gains due to a rise in the overseas markets and as the Indian rupee was trading weak. Copper prices firmed slightly in both London and Shanghai markets while London tin hit a record high for a second consecutive session supported by a weak [...]

Cotton springing up buying opportunities at NCDEX

Tuesday, April 12th, 2011

Kapas prices are consolidating since last two months in the broad range of 200 points. Technically, Kapas prices are in uptrend and each dip can be taken as good buying opportunity. In last three weeks prices have corrected by approx 9% from its high. Kapas has good support around 1140. Cotton prices are falling as [...]