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9 Daily Newsletter- AGRI COMMODITY

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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DAILY MARKET UPDATE


COMMODITY SOYABEAN (18OCT 2013 ) 3166.00 REFINED SOYA OIL (20AUG2013) 671.00 DHANIYA (20AUG2013 ) 5926.00 JEERA (20AUG2013 ) 13622.00 TURMERIC (20AUG2013 ) 5802.00 CHANA (20AUG2013 ) 2971.00 GUARSEED (18OCT 2013 ) 5440.00 GUARGUM (18OCT 2013 ) 15580.00 CASTORSEED (20AUG2013 ) 3555.00 RMSEED (20AUG2013 ) 3435.00 3401.00 -34.00 -0.99 3494.00 -61.00 -1.72 15070.00 -510.00 -3.27 5260.00 -180.00 -3.31 2991.00 20.00 0.67 5830.00 28.00 0.48 13565.00 -57.00 -0.42 5912.00 -14.00 -0.24 665.00 -6.00 -0.89 3140.00 -26.00 -0.82 P.CLOSE LAST CLOSE NET CHANGE % CHANGE

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TECHNICAL VIEW
Turmeric (AUG.)
`

TREND STRATEGY

BEARISH SELL ON HIGH 6035 6200 5750 670

RESISTANCE

SUPPORT

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DHANIYA (AUG.)

TREND STRATEGY

BEAARISH SELL ON HIGH 6050 6120 5850 5780

RESISTANCE

SUPPORT

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SOYABEAN (OCT.)

TREND STRATEGY

CONSOLIDATE BUY ON DIPS 3195 3240 3100 3050

RESISTANCE

SUPPORT

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COMMODITY CONTRACT REFINED OIL


October

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

R1: 3155 R2: 3190

BEARISH

SELL ON HIGH

GUARSEED

October

R1: 6040 R2: 6600

CONSOLIDATE

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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Disclaimer
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