Agri-commodity Preview: Cardamom falls, crude palm oil rises at MCX

Cardamom prices fell by Rs 18.90 to Rs 1,050.30/kg in futures market on Tuesday as traders scaled down holdings amid sluggish demand at the spot market. The offloading positions by participants despite slow demand in the spot market against sufficient stocks position on higher supplies, is attributed to the plunge in cardamom prices at futures trade.

At the MCX, cardamom for delivery in far-month January next year fell by Rs 18.90, or 1.77%, to Rs 1,050.30/kg, in a business turnover of 1- lot. On the other hand, the spice for delivery in Nov’ moth was trading down by Rs 7.40, or 0.72%, to Rs 1,018  kg, with a trading volume of 50 lots.

Meantime, the prices of Crude palm were on higher side by 0.31 percent to Rs.539.10/ 10 kg in futures trade today, since traders generated fresh positions, aided by pickup in demand at the spot market.  In futures trading at the MCX, crude palm oil for delivery October rushed by Rs 1.70, or 0.31%, to Rs 539.10 /10 kg, in a business turnover of 55 lots. Likewise, the oil for delivery in November jumped by Rs 1.50, or 0.28%, to Rs 535.60 /10 kg in 37 lots.

Weekly Market Wrap 2 May 2016 : Money Maker Research

Market dropped in the week ended Friday, 29 April 2016 on weak global cues. The Sensex, failed to hold onto the psychological 26,000 mark after regaining that mark the during the week. Market edged higher in three out of five trading sessions during the week. 

World stocks fell after the Bank of Japan left its main policies unchanged after the conclusion of a two-day monetary policy meeting,disappointing market expectations the central bank would take further extraordinary steps to stimulate Japan's economy. In the week ended Friday, 29 April 2016, the Nifty fell 49.50 points or 0.63% to settle at 7,849.80.  

On The F&O Front : Weekly data shows in the past trading sessions, we have seen strong Put writing at 7600/ 7700/7800 strikes & major Call build up at 8100/800/7900 strike indicating a positive session for market, in the near term.On Technical Front. 

On Nifty weekly Chart strong resistance is seen at 7920. If it breaks with high volume, more bullishness is expected.  

Nifty Directional: - Buy Nifty Future above 7925 Target 7975, 8025 Stop Loss 7825. 

Weekly Stock Recommendations By Money Maker : 

BUY DLF FUTURE ABOVE 131, TARGETS 133,135 ,137, STOPLOSS 127 

SELL BANKINDIA FUTURE BELOW 91, TARGETS 88.5, 86, 83.5, STOPLOSS 96 

BUY IBREALEST FUTURE ABOVE 68.5, TARGETS 71.5 ,74.5,77.5, STOPLOSS 62.5

Guar seed and Gum prices gain on imposed tax by Rajasthan Govt. @ NCDEX Agri Updates Moneymaker Research

Guar Seed and Gum April contract started on negative note followed by both traded mixed to positive bias and ended by posting a gain of 0.49% and 0.00% respectively On expectations of impose tax on guar complex by Rajasthan government.

Decreased in arrivals in key regions of Rajasthan supported the futures market positively. For upcoming trading session guar complex is likely to trade on range bound trend with positive bias as Rajasthan Government has decided to impose tax on guar gum which may show major impact on futures market.

@ Long Term investors can Buy Guar Seed around 2900 to 3000 targets 3300, 3500. you can hold it 2 month.