Daily Newsletter- AGRI COMMODITY

21 MAY 2013

MARKET WRAP
Turmeric hits lower circuit due to sluggish demand against adequate supply. Dhaniya decline by 1.94 % @ 6559. Pepper witnessed down 1.5% @ 35495 on adequate stocks. Dhaniya headed further south closing with loss of more than a 1.5% on account of adequate stocks in the domestic markets. Turmeric closed at 2% lower circuit and may show down side movement in tomorrow. Pepper down 2.60 % @ 34500 and may show negative movement in tomorrow.

DAILY MARKET UPDATE:COMMODITY SOYABEAN ( 20JUNE2013 ) 3896.50 REFINED SOYA OIL (20JUNE2013 ) 698.90 DHANIYA ( 20JUNE2013 ) 6689.00 JEERA ( 20JUNE2013 ) 13125.00 TURMERIC ( 20JUNE2013 ) 5980.00 CHANA ( 20JUNE2013 ) 3387.00 GUARSEED ( 20JUNE2013 ) 9330.00 GUARGUM ( 20JUNE2013 ) 28200.00 PEPPER ( 20JUNE2013 ) 35420.00 RMSEED ( 20JUNE2013 ) 3519.00 3505.00 -14.00 -0.40 34500.00 -920.00 -2.60 28350.00 150.00 0.50 9310.00 -20.00 -0.21 3389.00 2.00 0.00 5950.00 -30.00 -0.50 13077.50 -47.50 -0.36 6559.00 -130.00 -1.94 700.00 1.10 0.10 3920.00 23.50 0.60 P.CLOSE LAST CLOSE NET CHANGE % CHANGE

TECHNICAL VIEW
CHANA (JUNE)

TREND STRATEGY

• CONSOLIDATE • SELL ON HIGHS • 3430 • 3470 • 3370 • 3350

RESISTANCE

SUPPORT

TURMERIC (JUNE)
• CONSOLIDATE • SELL ON HIGHS • 6220 • 6260 • 5740 • 5660

TREND STRATEGY

RESISTANCE

SUPPORT

SOYABEAN (JUNE)

TREND STRATEGY

• CONSOLIDATE • BUY ON DIPS • 3970 • 3980 • 3850 • 3830

RESISTANCE

SUPPORT

RMSEED (JUNE)

TREND STRATEGY

• CONSOLIDATE • BUY ON DIPS • 3550 • 3560 • 3490 • 3480

RESISTANCE

SUPPORT

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