Agri Daily Report Agri Commodity Daily Report For Tomorrow Prediction

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AGRI DAILY REPORT

16-04-2015

AGRI COMMODITY UPDATE


AGRI DAILY REPORT 16-04-2015

DAILY MARKET WRAPUP:

COMMODITY OPEN HIGH LOW CLOSE

CASTORSEED 3755 3777 3714 3724

DHANIYA 9325 9460 9165 9295

SYOREFIDR 576.35 580.90 575.65 578.40

RMSEED 3685 3723 3675 3700

JEERAUNJHA 17930 18190 17520 17575

CHANA 3943 4043 3943 4016

MENTHAOIL 982.00 1007.20 981.60 1007.20

SYBEANIDR 3614 3712 3614 3698



COMMODITY NEWS:

Rates shot up for Turmeric as domestic and export demand started

rising in mandis amidst falling arrivals. Firmness in other Spices

too supported the Turmeric rates as North Indian Festive season

demand rose. Poor quality stocks had kept pressure on prices.

Turmeric May contract was inching fall by 1.32 per cent to 8504

level on Wednesday at NCDEX. Short term support for Turmeric

May contract is seen at 8400 and resistance at 9200. Intraday

support is seen at 8465 and resistance at 8860.

The bullish momentum in Jeera futures is likely to continue. Jeera

May contract was trading fall by 1.84% to 17575 levels on

Wednesday at the National Commodity & Derivatives Exchange

Limited (NCDEX). The production this season is expected to be

much lower than that due to untimely rainfall in major producing

centers of Gujarat and Rajasthan. Short term support for jeera may

at 17200 and resistance at 18500. For intraday support is at 17400

and resistance at 18250.

Chana continued to trade firm as rising domestic demand

supported the prices. Reports of lower production along with crop

damage prospects supported the prices further. NCDEX Chana

May contract rose 2.58% to 4016 level on Wednesday. Chana

May contract is likely to trade bullish for both short term and

intraday with short term support at 3900 and resistance at 4100.

Intraday support is seen at 3930 and resistance at 4058.

http://www.commodityonline.com/news/indian-spices-bullish-on-output-concerns-62176-3-62177.html

http://www.commodityonline.com/news/bulls-reign-over-india-agri-markets-on-crop-damage-reports-62140-3-62141.html

http://www.commodityonline.com/news/bulls-reign-over-india-agri-markets-on-crop-damage-reports-62140-3-62141.html



CHANA TECHNICAL UPDATE

NCDEX CHANA MAY 2015

Researcher View:-

The above Daily chart of CHANA suggests that prices have reverse after

taking support level. RSI is in a buy mode. We expect prices to correct

up to levels of 4060.



RMSEED TECHNICAL UPDATE

NCDEX RMSEED MAY 2015

Researcher View:-

The above Daily chart of RMSEED suggests that prices have reverse

after taking support level. RSI is in a buy mode. We expect prices to

correct up to levels of 3740.



MENTHAOIL TECHNICAL UPDATE

NCDEX MENTHAOIL MAY 2015

Researcher View:-

The above Daily chart of MENTHAOIL suggests that prices have

reverse after taking support level. RSI is in a buy mode. We expect

prices to correct up to levels of 1025.



DISCLAIMER

• The information contained here was gathered from sources deemed reliable

however; no claim is made as to accuracy or content. This does not contain specific

recommendations to buy or sell at particular prices or time, nor should any

examples presented be deemed as such. There is a risk of loss in commodity

trading and you should carefully consider your financial position before making a

trade. This is not, nor is it intended, to be a complete study of chart patterns or

technical analysis and should not be deemed as such. Money Classic Investment

Advisors does not guarantee that such information is accurate or complete and it

should not be relied upon as such. Any opinions expressed reflect judgments at this

date and are subject to change without notice. For use at the sole discretion of the

investor without any liability on Money Classic Investment Advisors.

• MONEY CLASSIC INVESTMENT ADVISORS

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Agri Daily Report Agri Commodity Daily Report For Tomorrow Prediction

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