9 Daily Newsletter- AGRI COMMODITY

17JULY 2013

MARKET WRAP
NCDEX Dhaniya August contract closed @ 5926 registering a loss of 3.6 % on Tuesday open: 6146 High: 6154 Low: 5920 Close: 5926.
Guar seed and Guar gum October contract is down by more than 3.0% on today

trading session. NCDEX turmeric August contract closed down by 3.32 % on Tuesday open: 6035 High: 6034 Low: 5792: Close: 5830. NCDEX Chana August contract closed down by 1.75 % on Tuesday.

INTRADAY VIEW
The trend in Jeera (Cumin Seed) futures for August delivery is bullish and further upward movement is expected in the near term. The trend in castor seed futures for August delivery is positive and further up-tick is expected from current levels.

The trend in NCDEX coriander futures for August delivery is negative; however, further short covering is expected at current levels

The trend in chili futures for August delivery is bearish and downward movement is expected in the near term. Resistance: 6135, 6220 Support: 5720, 5660

NCDEX Turmeric for August delivery may trade negative on Tuesday Resistance: 5865, 5955 Support: 5760, 5675

DAILY MARKET UPDATE

COMMODITY SOYABEAN (18OCT 2013 )
3155.00 3166.00 11.00 0.35

P.CLOSE

LAST CLOSE

NET CHANGE % CHANGE

REFINED SOYA OIL (20AUG2013)

672.30 671.00 -1.30 -0.19

DHANIYA (20AUG2013 )
6135.00 5926.00 -209.00 -3.41

JEERA (20AUG2013 )
13750.00 13622.00 -128.00 -0.93

TURMERIC (20AUG2013 )
6032.00 5832.00 -200.00 -3.32

CHANA (20AUG2013 )
3025.00 2971.00 5440.00 -54.00 -170.00 -1.79 -3.03

GUARSEED (18OCT 2013 )

5610.00

GUARGUM (18OCT 2013 )

16090.00 15580.00 -510.00 -3.17

CASTORSEED (20AUG2013 )
3590.00 3555.00 -35.00 -0.97

RMSEED (20AUG2013 )
3452.00 3435.00 -17.00 -0.49

TECHNICAL VIEW
Turmeric (AUG.)
`

TREND STRATEGY

BEARISH SELL ON HIGH 6035 6200 5750 670

RESISTANCE

SUPPORT

DHANIYA (AUG.)

TREND STRATEGY

BEAARISH SELL ON HIGH 6180 6335 5830 5800

RESISTANCE

SUPPORT

SOYABEAN (OCT.)

TREND STRATEGY

CONSOLIDATE BUY ON DIPS 3235 3265 3100 3050

RESISTANCE

SUPPORT

COMMODITY CONTRACT REFINED OIL

October

RESISTANCE SUPPORT
R1: 676.00 R2:683.00 S1: 665.50 S2: 660.00 S1:2940 S2: 2840 S1:5340 S2: 5255 S1: 13440 S2:13870 S1:3520 S2:3460 S1:3420 S2:3400 S1:5390 S2:5290

TREND
BEARISH

STRATAGEY
SELL ON HIGH

CHANA

August

R1: 3155 R2: 3190

BEARISH

SELL ON HIGH

GUARSEED

October

R1: 6040 R2: 6600

CONSOLIDATE

BUY ON DIPS

JEERA UNJHA

August

R1:13880 R2:14010

BULLISH

BUY ON DIPS

CASTORSEED

August

R1:3630 R2: 3695

BEARISH

SELL ON HIGH

RMSEED

August

R1:3540 R2:3464

BEARISH

SELL ON HIGH

CHILLI

August

R1:5800 R2:5690

BULLISH

BUY ON DIPS

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