2013
MARKET WRAP.
NCDEX Soyabean up by 1.98% on Strong demand: - NCDEX Soyabean January contract closed up on Wednesday and registering Profit of 1.98% Open: 3765, High: 3853 Low: 3735 Close: 3839 Guarseed down by 1.71% on weak demand:-NCDEX Guarseed January contract is closed down by 1.71% on Wednesday. NCDEX Chana:-NCDEX Chana January contract is closed up by 0.8% on Wednesday. NCDEX RMseed: - NCDEX RMseed January contract is up by 0.3% Wednesday.
INTRADAY VIEW.
Soybean (Jan.) and Soy Oil (Jan.):- soybean and soy oil futures are exhibiting
negative sentiments due to profit booking at higher levels. However, both commodities are expected to remain positive for near term by marriage season demand, according to our analyst at TheEquicom.
Dhaniya (Jan.) - The trend in NCDEX Dhaniya January contract is positive and
further up-tick is expected in the near term. For Intra-day, support for the commodity is seen at 7950. Traders may buy around 7990 with the stop loss of 7945 for the target of 8780.
NCDEX Turmeric (Apr.):-NCDEX Turmeric for April contract may trade positive
on next trading session. Resistance: 6450, 6520 Support: 6150, 6060.
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3767.00
3839.00
72.00
1.91
693.10
690.35
-2.75
-0.40
8122.00
8130.00
8.00
0.10
12970.00
12910.00
-60.00
-0.46
6394.00
6364.00
-30.00
-0.47
3992.00
3017.00
-975.00
-24.42
4385.00
4310.00
-75.00
-1.71
12190.00
11770.00
-420.00
-3.45
4862.00
4873.00
11.00
0.23
3627.00
3639.00
12.00
0.33
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TECHNICAL VIEW
SOYABEAN (20 Jan.)
TREND STRATEGY RESISTANCE
CONSOLIDATE BUY ON DIPS `
SUPPORT
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RESISTANCE
SUPPORT
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RESISTANCE
SUPPORT
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COMMODITY
CONTRACT
RESISTANCE
SUPPORT
TREND
STRATAGEY
JEERA UNJHA
March
R1:13210 R2:13385
CASTORSEED
January
R1:4930 R2:4995
BULLISH
BUY ON DIPS
GUARSEED
January
REFINED OIL
January
CHANA
January
RMSEED
January
R1:3935 R2:3965
TURMERIC
April
R1:6505 R2:6660
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Disclaimer
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