Friday, 2 March 2012

Commodity Trading 02 March

Today’s Tips for NCDEX “Commodity Trading”

Soybean futures gained in India on Thursday due to strong domestic demand amid lower production concerns of oilseeds complex.

In NCDEX soybean March contract closed at Rs.2700 per quintal, up by 1.20 oer cent against the previous close.

Guar seed futures hits upper circuit in NCDEX on Thursday due to firm export demand amid limited stocks in the domestic markets.

Guar seed March contract hits upper circuit at Rs.19172 per quintal against the previous close. In the morning session the contract traded at a range of Rs.18310-19170 per quintal. Open interest of the contract is 17871 lots and volume traded is 9180 lots for the time being.

Turmeric futures fell Thursday on higher stocks in the spot markets amid expectations of higher output.

In NCDEX turmeric April contract traded at Rs.4760 per quintal, lower by 1.27% against the previous close.

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