daily agricommodity market newsletter 29-01-2014
TRANSCRIPT
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MARKET WRAP
Cardamom extends gain, up by 0.97% on strong demand.
Castor Seed future prices down by 0.96% on low demand.
Jeera future lower by 0.86%, on higher supply in market.
Chana prices fell by 1.66 percent on profit-booking by speculators, on reports of higher
sowing this season mainly led to fall in prices at futures trade. Soybean future prices
dropped by 0.85 percent as speculators trimmed positions amid weak trend in the physical
markets. Turmeric future closed with smart gain 1.77% on buying seen in spot market.
COMMODITY P. CLOSE LAST CLOSE NET CHANGE % CHANGE
CARDAMOM 722.00 729.00 7.00 0.97
CASTOR SEED 4,148.00 4,108.00 -40.00 -0.96
CHANA 3,010.00 2,960.00 -50.00 -1.66
DHANIYA 8,302.00 8,312.00 10.00 0.12
JEERA 12,442.00 12,420.00 -22.00 -0.18
MENTHA OIL 815.00 813.00 -2.00 -0.25
REF SOYA OIL 685.00 684.00 -1.00 -0.15
RM SEED 3,380.00 3,367.00 -13.00 -0.38
SOYBEAN 3,877.00 3,844.00 -33.00 -0.85
TURMERIC 7,016.00 7,140.00 124.00 1.77
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TECHNICAL VIEW
CARDAMOM (FEB) CASTOR SEED (FEB)
CHANA (FEB) DHANIYA (FEB)
JEERA (MAR) MENTHA OIL (JAN)
REF SOYA OIL (FEB) RM SEED (APRIL)
• Consolidate
• Buy On Dips
Trend
Strategy • R2 - 754
• R1 - 739 Resistance
• S1 - 718
• S2 - 703 Support
• Consolidate
• Sell On High
Trend
Strategy • R2 - 4251
• R1 - 4169 Resistance
• S1 - 4046
• S2 - 3964 Support
• Consolidate
• Buy On Dips
Trend
Strategy • R2 - 3063
• R1 - 3004 Resistance
• S1 - 2915
• S2 - 2856 Support
• Consolidate
• Sell On High
Trend
Strategy • R2 - 8602
• R1 - 8436 Resistance
• S1 - 8187
• S2 - 8021 Support
• Consolidate
• Sell On High
Trend
Strategy • R2 - 12854
• R1 - 12606 Resistance
• S1 - 12233
• S2 - 11985 Support
• Consolidate
•Sell On High
Trend
Strategy • R2 - 841
• R1 - 825 Resistance
• S1 - 800
• S2 - 784 Support
• Consolidate
• Sell On High
Trend
Strategy
• R2 - 707
• R1 - 694 Resistance
• S1 - 673
• S2 - 660 Support
•Consolidate
• Sell On High
Trend
Strategy
• R2 - 3484
• R1 - 3417 Resistance
• S1 - 3316
• S2 - 3249 Support
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SOYABEAN (FEB) TURMERIC (APRIL)
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• Consolidate
•Sell On High
Trend
Strategy • R2 - 3978
•R1 - 3901 Resistance
• S1 - 3786
• S2 - 3709 Support
• Consolidate
• Buy On Dips
Trend
Strategy • R2 - 7389
• R1 - 7247 Resistance
• S1 - 7032
• S2 - 6890 Support