9 Daily Newsletter- AGRI COMMODITY

22JULY 2013

MARKET WRAP.
NCDEX Turmeric August contract closed @5914 registering profit of 1.50 % on Friday open: 5816 High: 5954 Low:5804 Close: 5914.
Soyabean October contract is down by more than .5% on today trading session.

NCDEX Dhaniya August contract closed up by 1.2 % on Friday . open: 5955 High: 6086 Low: 5951 Close: 6027. NCDEX Castor seed August contract is closed up by 0.5 % on Friday.

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

The trend in CHANA futures for August delivery is bearish and downward movement is expected in the near term. Resistance: 3040, 3100 Support: 2930, 2900

The trend in castor seed futures for August delivery is positive and further up-tick is expected from current level

NCDEX Turmeric for August delivery may trade negative on Friday Resistance: 5900, 5950 Support: 5830, 5750
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DAILY MARKET UPDATE

COMMODITY
SOYABEAN (18OCT 2013 ) 3145.00 REFINED SOYA OIL (20AUG2013) 667.80 DHANIYA (20AUG2013 ) 5945.00 JEERA (20AUG2013 ) 13582.00 TURMERIC (20AUG2013 ) 5826.00 CHANA (20AUG2013 ) 3006.00 GUARSEED (18OCT 2013 ) 5240.00 GUARGUM (18OCT 2013 ) 14950.00 CASTORSEED (20AUG2013 ) 3510.00 RMSEED (20AUG2013 ) 3540.00 30.00 0.85 14800.00 -150.00 -1.00 5290.00 50.00 0.95 2979.00 -27.00 -0.90 5914.00 88.00 1.51 13650.00 68.00 0.50 6027.00 82.00 1.38 666.00 -1.80 -0.27 3125.00 -20.00 -0.64 P.CLOSE LAST CLOSE NET CHANGE % CHANGE

3385.00

3392.00

7.00

0.21

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TECHNICAL VIEW
Turmeric (AUG.)
`

TREND STRATEGY

BEARISH SELL ON HIGH 6000 6045 5810 5750

RESISTANCE

SUPPORT

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DHANIYA (AUG.)

TREND STRATEGY

CONSOLIDATE BUY ON DIPS 6120 6260 5935 5890

RESISTANCE

SUPPORT

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JEERA (AUG.)

TREND STRATEGY

CONSOLIDATE BUY ON DIPS 13750 13990 13530 13330

RESISTANCE

SUPPORT

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COMMODITY CONTRACT JEERA UNJHA

August

RESISTANCE SUPPORT
R1:13750 R2:13990 S1: 13530 S2:13330 S1:3450 S2:3420 S1:5135 S2: 5085 S1: 663.50 S2: 661.00 S1:2940 S2: 2840 S1:3350 S2:3280 S1:5390 S2:5290

TREND
CONSOLIDATE

STRATAGEY
BUY ON DIPS

CASTORSEED

August

R1:3605 R2: 3655

BEARISH

SELL ON HIGH

GUARSEED

October

R1: 5335 R2: 5465

CONSOLIDATE

BUY ON DIPS

REFINED OIL

October

R1: 676.00 R2:683.00

BEARISH

SELL ON HIGH

CHANA

August

R1: 3155 R2: 3190

BEARISH

SELL ON HIGH

RMSEED

August

R1:3440 R2:3475

BEARISH

SELL ON HIGH

CHILLI

August

R1:5690 R2:5800

BULLISH

BUY ON DIPS

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Disclaimer
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