Trading tips on Castor Seed, Coriander of 12/03/2015

Castor Seed prices fell by 0.22 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for March 2015 contract was trading at Rs. 3,573 per quintal tonnes, down by 0.22 per cent, after opening at Rs. 3,570 against the previous closing price of Rs. 3,581. It touched the intra-day low of Rs. 3,562 till the trading.

Coriander prices fell by 1.45 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the ncdex dhaniya futures for April 2015 contract were trading at Rs. 6,435 per quintal, down by 1.45 per cent, after opening at Rs. 6,510 against the previous closing price of Rs. 6,530. It touched the intra-day low of Rs. 9,405 till the trading.

 Market Statistics

COMMODITY	TREND	S2	S1	PIVOT POINT	R1	R2
CRUDE OIL	DOWN	2924	2962	3028	3066	3132
COPPER	DOWN	360.35	362.70	366.75	369.10	373.15