9 Daily Newsletter- AGRI COMMODITY

11JULY 2013

MARKET WRAP
NCDEX Jeera August contract closed @ 13650 registering a loss of 1.20% on Wednesday Open:1380 High:13877 Low:13625 Close: 13650 Dhaniya is down by 2.27% @ 6022(-140).

Guar gum and Guar seed is down more than 3.5% in today trading session.

NCDEX Castor seed August contract closed down by 1.6 % on Wednesday NCDEX Turmeric August contract closed up by 0.4 % on Wednesday open: 5796 High: 5890 Low:5762: Close: 5820

INTRADAY VIEW
The trend in chili futures for August delivery is bearish and further downward movement is expected in the near term. Wednesday Resistance: 5515, 5570 Support: 5470, 5410 NCDEX Turmeric for August delivery may trade negative on Tuesday Resistance: 5900, 6220 Support: 5760, 5561 The trend in NCDEX coriander futures for August delivery is negative; however, further short covering is expected at current levels

NCDEX castor seed for August delivery looks bearish and further down side is expected from current levels.

DAILY MARKET UPDATE

P.CLOSE

LAST CLOSE

NET CHANGE

% CHANGE

REFINED SOYA OIL (20AUG2013)

DHANIYA (20AUG2013 )
6160.00 6022.00 -138.00 -2.24

JEERA (20AUG2013 )
13835.00 13650.00 -185.00 -1.34

TURMERIC (20AUG2013 )
5808.00 5826.00 18.00 0.31

CHANA (20AUG2013 )
3146.00 3107.00 5500.00 -39.00 -190.00 -1.24 -3.34

GUARSEED (18OCT 2013 )

GUARGUM (18OCT 2013 )

CASTORSEED (20AUG2013 )
3620.00 3563.00 -57.00 -1.57

RMSEED (20AUG2013 )
3512.00 3498.00 -14.00 -0.40

TECHNICAL VIEW
CHANA (AUG.)

TREND STRATEGY

CONSOLIDATE BUY ON DIPS 3155 3190 3185 3050

RESISTANCE

SUPPORT

CASTORSEED (AUG)
TREND STRATEGY CONSOLIDATE SELL ON HIGH 3680 3635 3530 3490

RESISTANCE

SUPPORT

SOYABEAN (OCT)

TREND STRATEGY

CONSOLIDATE BUY ON DIPS 3280 3250 3160 3120

RESISTANCE

SUPPORT

TUMERIC(AUG)

TREND STRATEGY

CONSOLIDATE SELL ON HIGH 5900 5950 5750 5550

RESISTANCE

SUPPORT

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