9 Daily Newsletter- AGRI COMMODITY

7AUG.2013

MARKET WRAP.
Dhaniya recovers on fresh buying:-NCDEX Dhaniya September contract is closed up by 1.6% on Tuesday. Guar gum and Guar hit lower circuit of 4% on Tuesday.
NCDEX Soy Oil October contract closed @649.00 up by 1 % on Tuesday. open:646.50 High:651 Low:646.50 Close: 649

NCDEX Turmeric august contract closed down by -95 on Tuesday And registering loss of 2% open: 4766 High:4768 Low:4620 Close:4672 Chili august contract has lost 2.1%.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. Dhaniya Aug NCDEX: As long as prices stay below 5370, would see downfall towards 5000 levels in the near term. NCDEX Jeera (Aug): Jeera for August delivery may trade positive on Wednesday Resistance: 13300, 13380. Support: 12900, 12765 NCDEX Turmeric(Aug):NCDEX Turmeric for August delivery may trade negative on Wednesday Resistance: 5300, 5420 Support: 4535, 4485

NCDEX Turmeric: NCDEX Turmeric September is going down continuously and making lower lows however the momentum indicator is making higher low indicating divergence. There is probability of trend reversal to the upside.
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DAILY MARKET UPDATE

COMMODITY
SOYABEAN (18OCT 2013 ) 2931.00 REFINED SOYA OIL (20AUG2013) 643.05 DHANIYA (20AUG2013 ) 5367.00 JEERA (20AUG2013 ) 13255.00 TURMERIC (20AUG2013 ) 4766.00 CHANA (20AUG2013 ) 2844.00 GUARSEED (18OCT 2013 ) 4310.00 GUARGUM (18OCT 2013 ) 12080.00 CASTORSEED (20AUG2013 ) 3441.00 RMSEED (20AUG2013 ) 3457.00 16.00 0.46 11600.00 -480.00 -3.97 4140.00 -170.00 -3.94 2817.00 -27.00 -0.95 4672.00 -94.00 -1.97 13285.00 30.00 0.23 5448.00 81.00 1.51 649.00 5.95 0.93 2936.00 5.00 0.17 P.CLOSE LAST CLOSE NET CHANGE % CHANGE

3249.00

3243.00

-6.00

-0.18

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TECHNICAL VIEW
Turmeric (AUG.)
`

TREND STRATEGY

BEARISH SELL ON HIGH 5280 5470 4645 4535

RESISTANCE

SUPPORT

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DHANIYA (20 AUG.)

TREND STRATEGY CONSOLIDATE BUY ON DIPS 5515 5680 5240 5060

RESISTANCE

SUPPORT

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CHANA (AUG.)
TREND STRATEGY

CONSOLIDATE BUY ON DIPS 2890 2965 2780 2730

RESISTANCE

SUPPORT

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COMMODITY CONTRACT JEERA UNJHA

August

RESISTANCE SUPPORT
R1:13300 R2:13590 S1: 12750 S2:12580 S1:3330 S2:2990 S1:4000 S2: 3860 S1: 642.00 S2: 635.00

TREND
CONSOLIDATE

STRATAGEY
BUY ON DIPS

CASTORSEED

August

R1:3450 R2: 3485

BEARISH

SELL ON HIGH

GUARSEED

October

R1: 5335 R2: 5465

CONSOLIDATE

BUY ON DIPS

REFINED OIL

October

R1: 660.00 R2:665.00

BEARISH

SELL ON HIGH

CHANA

August

R1: 2890 R2: 3120

S1:2555 S2: 2510 S1:3000 S2:2820 S1:5120 S2:5035

BEARISH

SELL ON HIGH

RMSEED

August

R1:3290 R2:3320

BEARISH

SELL ON HIGH

CHILLI

August

R1:5630 R2:5720

BULLISH

BUY ON DIPS

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