Documente Academic
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Documente Cultură
18JULY 2013
MARKET WRAP
NCDEX Castor seed August contract closed @ 3494 registering a loss of 1.3 % on Wednesday open: 3564 High: 3564 Low: 3482 Close: 3553
Guar seed and Guar gum October contract is down by more than 3.0% on today
trading session. NCDEX turmeric August contract closed up by 0.4 % on Wednesday open: 5850 High: 5882 Low: 5774 Close: 5830. NCDEX Chana August contract hit 2 years Low and closed up by 0.5 % on Wednesday.
INTRADAY VIEW
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 The trend in castor seed futures for August delivery is positive and further up-tick is expected from current level
The trend in Jeera (Cumin Seed) futures for August delivery is bullish and further upward movement is expected in the near term.
NCDEX Turmeric for August delivery may trade negative on Tuesday Resistance: 5865, 5955 Support: 5760, 5675
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TECHNICAL VIEW
Turmeric (AUG.)
`
TREND STRATEGY
RESISTANCE
SUPPORT
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DHANIYA (AUG.)
TREND STRATEGY
RESISTANCE
SUPPORT
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SOYABEAN (OCT.)
TREND STRATEGY
RESISTANCE
SUPPORT
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RESISTANCE SUPPORT
R1: 676.00 R2:683.00 S1: 665.50 S2: 660.00 S1:2940 S2: 2840 S1:5340 S2: 5255 S1: 13440 S2:13870 S1:3520 S2:3460 S1:3420 S2:3400 S1:5390 S2:5290
TREND
BEARISH
STRATAGEY
SELL ON HIGH
CHANA
August
BEARISH
SELL ON HIGH
GUARSEED
October
CONSOLIDATE
BUY ON DIPS
JEERA UNJHA
August
R1:13880 R2:14010
BULLISH
BUY ON DIPS
CASTORSEED
August
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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Disclaimer
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