daily newsletter agricommodity market 12-12-2013
TRANSCRIPT
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MARKET WRAP
Dhaniya futures went down by 0.50 per cent amid extreme volatility.
Chana futures closed flat with negative bias, expects to fall further.
Castor seed futures traded high over good demand in spot market.
Cardamom futures (Jan) is expected to fall further, while any short covering may remain
limited to 730 levels. Turmeric futures for the month of April are likely to witness some
profit booking from higher levels. At the spot market, turmeric prices in Erode decreased
despite arrivals being lower, due to quality issue, thus forcing traders from buying.
COMMODITY P. CLOSE LAST CLOSE NET CHANGE % CHANGE
CARDAMOM 620.00 602.00 -18.00 -2.90
CASTOR SEED 4,589.00 4,671.00 82.00 1.79
CHANA 3,031.00 3,029.00 -2.00 -0.07
DHANIYA 7,822.00 7,783.00 -39.00 -0.50
JEERA 12,490.00 12,720.00 230.00 1.84
MENTHA OIL 857.00 850.00 -7.00 -0.82
REF SOYA OIL 709.00 708.00 -1.00 -0.14
RM SEED 3,742.00 3,707.00 -35.00 -0.94
SOYBEAN 3,832.00 3,828.00 -4.00 -0.10
TURMERIC 5,818.00 5,876.00 58.00 1.00
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TECHNICAL VIEW
CARDAMOM (DEC) CASTOR SEED (JAN)
CHANA (JAN) DHANIYA (JAN)
JEERA (DEC) MENTHA OIL (JAN)
REF SOYA OIL (DEC) RM SEED (JAN)
• Consolidate
• Sell On High
Trend
Strategy • R2 - 623
• R1 - 611 Resistance
• S1 - 592
• S2 - 580 Support
• Consolidate
•Buy On Dips
Trend
Strategy • R2 - 4834
• R1 - 4741 Resistance
• S1 - 4600
• S2 - 4507 Support
• Consolidate
•Sell On High
Trend
Strategy • R2 - 3135
• R1 - 3074 Resistance
• S1 - 2983
• S2 - 2922 Support
• Consolidate
•Sell On High
Trend
Strategy • R2 - 8055
• R1 - 7899 Resistance
• S1 - 7666
• S2 - 7510 Support
• Consolidate
• Buy On Dips
Trend
Strategy • R2 - 13165
• R1 - 12910 Resistance
• S1 - 12529
• S2 - 12274 Support
• Consolidate
•Sell On HIgh
Trend
Strategy • R2 - 879
• R1 - 862 Resistance
• S1 - 837
• S2 - 820 Support
• Consolidate
• Sell On High
Trend
Strategy
• R2 - 732
• R1 - 718 Resistance
• S1 - 697
• S2 - 683 Support
•Consolidate
•Sell On High
Trend
Strategy
• R2 - 3836
• R1 - 3762 Resistance
• S1 - 3651
• S2 - 3577 Support
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SOYABEAN (JAN) TURMERIC (APRIL)
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• Consolidate
•Sell On High
Trend
Strategy • R2 - 3961
•R1 - 3885 Resistance
• S1 - 3770
• S2 - 3694 Support
• Consolidate
• Sell On High
Trend
Strategy • R2 - 6081
• R1 - 5964 Resistance
• S1 - 5787
• S2 - 5670 Support