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21 FEB.2014

Analyst speaks:-

Oil and Oil seed volatile ends red on weak buying

www.TheEquicom.com 0731-6770000

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MARKET WRAP

NCDEX Jeera up by 1.06% on strong demand:- NCDEX Jeera March contract closed up on Thursday and registering profit of 1.06% Open:11580,High:11660,Low:11455 ,Close:11630. NCDEX Chana down by 0.83% on weak demand:-NCDEX Chana April contract is closed down by 0.83% onThursday. NCDEX Soya Refined Oil: - NCDEX Soya Refined Oil March contract is closed up by 0.54% on Thursday.

NCDEX Turmeric: - NCDEX Turmeric April contract closed


@7250 up by 0.55% on Wednesday. Open:7274, High:7298, Low:7210 Close:7250.

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DAILY MARKET UPDATE


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COMMODITY

P.CLOSE

LAST CLOSE

NET CHANGE % CHANGE

SOYABEAN (20 Mar.2013)

4010.00

4003.00

-7.00

-0.17

REFINED SOYA OIL (20 Mar.2013)

701.35

704.50

3.15

0.45

DHANIYA (18 Apr.2013)

8939.00

8948.00

9.00

0.10

JEERA (20 Mar.2013)

11500.00

11630.00

130.00

1.13

TURMERIC (18 Apr.2013)

7276.00

7250.00

-26.00

-0.36

CHANA (20 Feb.2013)

3012.00

2985.00

-27.00

-0.90

GUARSEED (20 Mar.2013)

4855.00

4870.00

15.00

0.31

GUARGUM (20 Mar.2013)

13230.00

13300.00

70.00

0.53

CASTORSEED(20 Mar.2013)

4177.00

4192.00

15.00

0.36

RMSEED (18 Apr.2013)

3383.00

3409.00

26.00

0.77

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INTRADAY VIEW
`

Expect further up-tick in Dhaniya prices (Apr.):- Technically, the trend in NCDEX Dhaniya April delivery looks positive and further up-tick is expected for near term. Support is seen at 8810 while resistance is seen at 9460 level. Traders may buy around 8850 with the stop loss of 8800 for the target of 9450, according to our analyst TheEquicom

Soybean (Mar.) and Soy Oil (Mar.):- soybean and soy oil futures are exhibiting negative sentiments due to profit booking at higher levels. However, both commodities are expected to remain positive for near term by marriage season demand, according to our analyst at TheEquicom.

Chana (Apr.)- Technically, the trend in NCDEX Chana April delivery looks positive and further upside is expected from current levels. Resistance: 3085.3155 Support: 2975, 2925.

NCDEX Turmeric (Apr.):-NCDEX Turmeric for April contract may trade positive on next trading session. Resistance: 7420, 7550 Support: 6940, 6820.

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TECHNICAL OUTLOOK `

SOYABEAN (20 Mar.)


TREND STRATEGY RESISTANCE
CONSOLIDATE BUY ON DIPS
`

4040 4130 3925 3885

SUPPORT

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DHANIYA (18 April.)


TREND STRATEGY RESISTANCE SUPPORT
CONSOLIDATE BUY ON DIPS 9135 9420 8775 8485

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CHANA (18 April.)


TREND STRATEGY RESISTANCE
CONSOLIDATE BUY ON DIPS 3085 3145 2975 2925

SUPPORT

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Refined soya oil (20 Mar.)


TREND STRATEGY RESISTANCE
CONSOLIDATE BUY ON DIPS 701 709 671 664

SUPPORT

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SUPPORT RESISTANCE
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COMMODITY JEERA UNJHA

CONTRACT March

RESISTANCE R1:13810 R2:13985

SUPPORT S1:11780 S2:11650 S1:4020 S2:2980 S1:4000 S2:3935

TREND

STRATAGEY

CONSOLIDATE BUY ON DIPS

CASTORSEED

March

R1:4930 R2:4995

CONSOLIDATE BUY ON DIPS

GUARSEED

March

R1: 5520 R2: 5580

CONSOLIDATE BUY ON DIPS

REFINED OIL

March

R1: 701.00 R2: 709.00

S1: 675.00 CONSOLIDATE BUY ON DIPS S2: 671.00

CHANA

April

R1: 3195 R2: 3250

S1:2960 S2:2885 S1:3240 S2:3210 S1:6145 S2:6095

CONSOLIDATE SELL ON HIGH

RMSEED

April

R1:3435 R2:3565

CONSOLIDATE BUY ON DIPS

TURMERIC

April

R1:7560 R2:7760

CONSOLIDATE BUY ON DIPS

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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.

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