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9 Daily Newsletter- AGRI COMMODITY

24JULY 2013

MARKET WRAP.
NCDEX Chana August contract closed @2755 registering loss of 2.58 % on Tuesday open: 2824 High: 2832 Low:2740 Close: 2755 Jeera Unjha august contract is down by more than 1.5% on today trading session.

NCDEX Dhaniya August contract closed down by .55 % on today. open:5829 High: 5845 Low: 5667 Close: 5737 Soya refined has lost 1.3%. NCDEX Castor seed August contract is closed down by 1.85 % on Tuesday.

INTRADAY VIEW.
NCDEX August Chana is going down continuously and making lower lows however the momentum indicator is making higher low indicating divergence. There is probability of trend reversal to the upside. The trend in NCDEX coriander futures for August delivery is negative; however, further short covering is expected at current levels. For intra-day, support for the commodity is seen at 5650 while 5825 is the resistance. Traders may sell around 5795 with the stop loss of 5825 for the target of 5650. The trend in Soyabean futures for August delivery is bearish and downward movement is expected in the near term. Resistance: 3085, 3106 Support: 3040, 3020

The trend in castor seed futures for August delivery is positive and further up-tick is expected from current level NCDEX Turmeric for August delivery may trade negative on Tuesday Resistance: 5900, 5950 Support: 5650, 5610
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DAILY MARKET UPDATE


COMMODITY
SOYABEAN (18OCT 2013 )
3078.00 3052.00 -26.00 -0.84

P.CLOSE

LAST CLOSE

NET CHANGE % CHANGE

REFINED SOYA OIL (20AUG2013)


664.80 656.10 -8.70 -1.31

DHANIYA (20AUG2013 )
5791.00 5730.00 -61.00 -1.05

JEERA (20AUG2013 )
13530.00 13322.00 -208.00 -1.54

TURMERIC (20AUG2013 )
5830.00 5730.00 -100.00 -1.72

CHANA (20AUG2013 )
2824.00 2755.00 4910.00 -69.00 -40.00 -2.44 -0.81

GUARSEED (18OCT 2013 )


4950.00

GUARGUM (18OCT 2013 )


14040.00 13820.00 -220.00 -1.57

CASTORSEED (20AUG2013 )
3445.00 3442.00 -3.00 -0.09

RMSEED (20AUG2013 )

3362.00

3317.00

-45.00

-1.34

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TECHNICAL VIEW
Turmeric (AUG.)
`

TREND STRATEGY

BEARISH SELL ON HIGH 5830 5980 5665 5511

RESISTANCE

SUPPORT

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DHANIYA (20 AUG.)

TREND STRATEGY

CONSOLIDATE SELL ON HIGH 5970 6095 5650 54

RESISTANCE

SUPPORT

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JEERA (AUG.)

TREND STRATEGY

CONSOLIDATE BUY ON DIPS 13620 13670 13430 13310

RESISTANCE

SUPPORT

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COMMODITY CONTRACT JEERA UNJHA


August

RESISTANCE SUPPORT
R1:13750 R2:13990 S1: 13150 S2:13050 S1:3410 S2:3380 S1:4860 S2: 4810 S1: 651.00 S2: 645.00 S1:2720 S2: 2630 S1:3305 S2:3280 S1:5390 S2:5290

TREND
CONSOLIDATE

STRATAGEY
BUY ON DIPS

CASTORSEED

August

R1:3505 R2: 3655

BEARISH

SELL ON HIGH

GUARSEED

October

R1: 5335 R2: 5465

CONSOLIDATE

BUY ON DIPS

REFINED OIL

October

R1: 676.00 R2:683.00

BEARISH

SELL ON HIGH

CHANA

August

R1: 3155 R2: 3190

BEARISH

SELL ON HIGH

RMSEED

August

R1:3410 R2:3450

BEARISH

SELL ON HIGH

CHILLI

August

R1:5690 R2:5800

BULLISH

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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