NCDEX mustard seed may top ₹6,300
Akhil Nallamuthu
BL Research Bureau |
Updated on
April 05, 2021
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The futures contract of mustard seed on the National Commodity and Derivatives Exchange (NCDEX), which has been moving in a sideways trend since November last year, had its base at ₹4,900. While this acted as a strong support, the contract faced resistance at ₹5,200 and ₹5,320. The April contract, which moved out of this range in early February, rallied to ₹5,944 before three weeks and then it witnessed a minor correction. Looking at the price action over the past one month, the contract has been tracing a horizontal price pattern. That is, it was held between the key price levels at ₹5,570 and ₹5,950.
Mustard seed trades 25% above MSP; farmers make an extra buck
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Soyabean might top ₹5,600 on NCDEX
Akhil Nallamuthu
BL Research Bureau |
Updated on
March 10, 2021
Belgium, France and Iran are the major buyers of Indian soyameal - Getty Images/iStockphoto×
Since October last year, the price of soyabean futures contract on the National Commodity and Derivatives Exchange (NCDEX) has been rallying with intermittent corrections.
The March contract breached the psychological level of ₹5,000 in the final week of February, providing a boost for the uptrend. Following this, the contract extended the gain and on Wednesday, it broke out of the resistance at ₹5,200. Thus, the contract looks to have positioned itself to post more gains in the upcoming sessions.
BitWell BitWell BitWell BitWell SINGAPORE, March 04, 2021 (GLOBE NEWSWIRE) BitWell has announced that Hsann, the former head of operations of Binance global fiat exchanges, has become COO at BitWell. Hsann established multiple fiat exchanges, such as Binance US / Singapore / Jersey / Korea / Uganda and Tokocrypto, which enable local customers to buy crypto using fiat currency (USD, SGD, EUR, GBP etc.) under the conditions of legal compliance through all above channels with no entry barriers. He was also responsible for operations of the exchanges. BitWell CEO Jeff Young said, "Hsann is a co-founder of BitWell, as the former head of operations of Binance global fiat exchanges, he expanded Binance business globally, significantly enhanced its international visibility. I believe that he will help BitWell grow rapidly and stably with his experiences in this area as BitWell COO." Hsann said, "I appreciate the trust given by the BitWell team, as a co-founder, I am really ple