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NCDEX (AGRI) WEEKLY REPORT

From 10 -JUN-2013 TO 14-JUN-2013

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FUNDAMENTAL OUTLOOK

SOYBEAN (JUL)

Contract Support Resistance Soybean July futures at NCDEX ended higher tracking higher spot prices amid increased buying by millers despite of higher arrivals. A Soybean 3700-3625 3850-3965 likely pause in monsoon progress also supported the mild recovery. JUN Futures CBOT ended down at night on profit booking over previous gains. Soymeal export for the month of May is lower at 96,492 Tons vs. 1,42,588 Tons a year ago. Spot prices ended higher where the mandi prices closed up by Rs 80 at 3,730-3,800/Q and plant delivery closed Rs 20 higher at 3,820-3,880/Q from Wednesday. Soybean future is likely to trade in range with downside limited on likely pause in monsoon progress together with near term supply deficit in USA but the extent of upside looks limited on lower soymeal export data for May month.

TECHNICAL OUTLOOK
Soybean fut tacking support at 38.2% of retracement and also holding above moving averages indicating positive outlook. Immediate resistance is at 3850 and support is 3700.

Price will be in range bound between 3850-3700, breakout level can give the clear the view.

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Weekly Market Status


Symbol Exchan Expiry ge Date Commodity Name Price Unit Previous Open Close High Low Close Change Open Interest change +6384

JEERAUNJHA

NCDEX 19-JUL

JEERA

RS/3MT

13210

13220 13475 13105 13330

+120

CHARJDDEL

NCDEX 19-JUL

CHANA

RS/ 10MT

3219

3222

3289

3188

3218

+1

+41010

SYBEANIDR

NCDEX 19-JUL

SYOBEAN

RS/ 10MT

3655

3656

3807

3646

3772

+117

-7810

SYOREFIDR

NCDEX 19-JUL

SYOREF OIL

RS / 10MT

689.25

690.5 695.05

687

689.80 +0.55

+4940

DHANIYA

NCDEX 19-JUL

DHANIYA

RS/ 5MT

6643

6642

6875

6572

6820

+177

+6930

RMSEED

NCDEX 19-JUL

RMSEED

RS/ 10MT

3517

3523

3560

3511

3541

+24

+28410

TMCFGRNZM

NCDEX 19-JUL

TURMERIC

RS/ 5MT

5850

5820

5832

5552

5610

-240

+10015

CHLL334GTR

MCX

19-JUL

CHILLI

RS/ 5MT

5802

5800

5920

5580

5992

+190

+7975

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