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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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