9 Daily Newsletter- AGRI COMMODITY

31JULY 2013

MARKET WRAP.

NCDEX Soyabean October contract is closed up by 3.1% on Tuesday.

NCDEX Soy Oil October contract closed @647.00 up by 1.2% on Tuesday. open: 635 High:647 Low:632.65 Close: 647.00

NCDEX castor seed August contract closed up by +36 on Tuesday. And registering profit of 1.1% open: 3086 High:3162 Low:3317 Close:3157 Guar seed and Guar gum October contract has lost more than 2%.on Tuesday

INTRADAY VIEW.
NCDEX Soybean, Soy Oil negative on weak fundamentals; further short covering expected: both Soybean and Soy Oil prices on NCDEX are exhibiting positive trend only due to short covering. Over all fundamentals look negative. The trend in NCDEX coriander futures for August delivery is negative; however, further short covering is expected at current levels.
NCDEX Turmeric for August delivery may trade negative on Tuesday Resistance: 5300, 5420 Support: 5050, 5010.

NCDEX August Chana is going down continuously and making lower lows (hit 2 years low) however the momentum indicator is making higher low indicating divergence. There is probability of trend reversal to the upside. NCDEX Jeera for August delivery may trade positive on Wednesday. Resistance: 13190, 13320. Support: 12700, 12665.

www.TheEquicom.com

Page 2

DAILY MARKET UPDATE

COMMODITY
SOYABEAN (18OCT 2013 ) 2884.00 REFINED SOYA OIL (20AUG2013) 639.10 DHANIYA (20AUG2013 ) 5218.00 JEERA (20AUG2013 ) 12830.00 TURMERIC (20AUG2013 ) 5140.00 CHANA (20AUG2013 ) 2587.00 GUARSEED (18OCT 2013 ) 4260.00 GUARGUM (18OCT 2013 ) 12050.00 CASTORSEED (20AUG2013 ) 3121.00 RMSEED (20AUG2013 ) 3157.00 36.00 1.15 11820.00 -230.00 -1.91 4150.00 -110.00 -2.58 2641.00 54.00 2.09 5188.00 48.00 0.93 12870.00 40.00 0.31 5212.00 -6.00 -0.11 647.00 7.90 1.24 2981.00 97.00 3.36 P.CLOSE LAST CLOSE NET CHANGE % CHANGE

3071.00

3125.00

54.00

1.76

www.TheEquicom.com

Page 3

TECHNICAL VIEW
Turmeric (AUG.)
`

TREND STRATEGY

BEARISH SELL ON HIGH 5280 5470 5100 5065

RESISTANCE

SUPPORT

www.TheEquicom.com

Page 4

DHANIYA (20 AUG.)

TREND STRATEGY BEARISH SELL ON HIGH 5320 5440 5095 4920

RESISTANCE

SUPPORT

www.TheEquicom.com

Page 5

CHANA (AUG.)
TREND STRATEGY

CONSOLIDATE BEARISH 2680 2740 2560 2520

RESISTANCE

SUPPORT

www.TheEquicom.com

Page 6

COMMODITY CONTRACT JEERA UNJHA

August

RESISTANCE SUPPORT
R1:13250 R2:13590 S1: 12750 S2:12580 S1:3120 S2:2990 S1:4000 S2: 3860 S1: 625.00 S2: 615.00

TREND
CONSOLIDATE

STRATAGEY
SELL ON HIGH

CASTORSEED

August

R1:3360 R2: 3465

BEARISH

SELL ON HIGH

GUARSEED

October

R1: 5335 R2: 5465

CONSOLIDATE

BUY ON DIPS

REFINED OIL

October

R1: 650.00 R2:655.00

BEARISH

SELL ON HIGH

CHANA

August

R1: 2850 R2: 3120

S1:2555 S2: 2510 S1:3000 S2:2820 S1:5380 S2:5260

BEARISH

SELL ON HIGH

RMSEED

August

R1:3190 R2:3320

BEARISH

SELL ON HIGH

CHILLI

August

R1:5630 R2:5720

BULLISH

BUY ON DIPS

www.TheEquicom.com

Page 7

Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. TheEquicom recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. TheEquicom shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NCDEX. The commodity price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which JULY arise from the recommendations above. TheEquicom does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

www.TheEquicom.com

Page 8