9 Daily Newsletter- AGRI COMMODITY

16JULY 2013

MARKET WRAP
Turmeric august contract hi upper circuit of 4%.on Monday NCDEX Dhaniya August contract closed @ 6135 registering a profit of 2.0 % on Monday open: 6028 High: 6184 Low: 6016 Close: 6135.
Guar seed and Guar gum October contract hit upper circuit of 4% on today trading

session. NCDEX Chili August contract closed up by 3.0 % on Monday open: 5450 High: 5648 Low: 5450: Close: 5644. NCDEX Chana August contract closed up by 1.2 % on Monday.

INTRADAY VIEW
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 ) 3115.00 REFINED SOYA OIL (20AUG2013) 669.30 DHANIYA (20AUG2013 ) 6010.00 JEERA (20AUG2013 ) 13750.00 TURMERIC (20AUG2013 ) 5800.00 CHANA (20AUG2013 ) 2989.00 GUARSEED (18OCT 2013 ) 5390.00 GUARGUM (18OCT 2013 ) 15470.00 CASTORSEED (20AUG2013 ) 3555.00 RMSEED (20AUG2013 ) 3421.00 3452.00 31.00 0.91 3590.00 35.00 0.98 16090.00 620.00 4.01 5610.00 220.00 4.08 3025.00 36.00 1.20 6032.00 232.00 4.00 13750.00 0.00 0.00 6135.00 125.00 2.08 672.30 3.00 0.45 3155.00 40.00 1.28 P.CLOSE LAST CLOSE NET CHANGE % CHANGE

TECHNICAL VIEW
CHANA (AUG.)

TREND STRATEGY

BEARISH SELL ON HIGH 3140 3350 2980 2865

RESISTANCE

SUPPORT

DHANIYA (AUG.)

TREND STRATEGY

BEAARISH SELL ON HIGH 6440 6270 6030 5830

RESISTANCE

SUPPORT

SOYABEAN (OCT.)

TREND STRATEGY

CONSOLIDATE BUY ON DIPS 3210 3260 3100 3050

RESISTANCE

SUPPORT

COMMODITY CONTRACT REFINED OIL October

RESISTANCE R1: 673 R2:676

SUPPORT S1: 661 S2: 655 S1:5430 S2: 5310 S1:5760 S2: 5670 S1: 13620 S2:13570 S1:3520 S2:3460 S1:3420 S2:3400 S1:5390 S2:5290

TREND BEARISH

STRATAGEY SELL ON HIGH

GUARSEED

October

R1: 5662 R2: 5964

BULLISH

BUY ON DIPS

TURMERIC

August

R1:6135 R2:6295

BULLISH

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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