AGRI DAILY REPORT-Commodity Market Tips

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AGRI DAILY REPORT

15-04-2015

AGRI COMMODITY UPDATE


AGRI DAILY REPORT 15-04-2015

DAILY MARKET WRAPUP:

COMMODITY OPEN HIGH LOW CLOSE

CASTORSEED 3781 3805 3742 3747

DHANIYA 9300 9616 9250 9350

SYOREFIDR 571.80 575.90 571.80 573.55

RMSEED 3598 3666 3582 3665

JEERAUNJHA 16950 17905 16950 17905

CHANA 3868 3942 3853 3912

MENTHAOIL 942.00 972.90 926.40 968.50

SYBEANIDR 3570 3615 3562 3604



COMMODITY NEWS:

Turmeric May contract was still positive with 3.23 percent on

Monday last trade price noted 8634 at NCDEX India. Expectation

is that turmeric may contract bullish for both short term and

intraday. Further few days market recovered strongly for turmeric

as demand high in the local mandies. Turmeric make positive with

demand from north India and export demand expected to rise in

coming weeks. Short term support for Turmeric May contract is

seen at 7850 and resistance at 8750. Intraday support is seen at

8325 and resistance at 8670.

Jeera May contract close with new high 17905 level with 5.98 %

on Monday at National Commodity & Derivatives Exchange

Limited. Jeera may contract continue bullish trend for lower

sowing area in Gujarat and Rajasthan and expected fall in

production would likely keep long term Bullish sentiments intact

as exports rise in mandis. Jeera May contract is likely to trade

bullish for both short term and intraday. Intraday support is at

16900 and resistance at 17935.

Chana May contract continue positive noted on last few days. On

Monday rose by 1.16 percent to 3912 level at NCDEX. Rising

domestic demand possibility of surge in imports in coming weeks

could support prices further. Some natural calamities affected the

production that supports the price level. Last week profit booking

also seen at higher level. Chana May contract is likely to trade

bullish for both short term and intraday with intraday support is

seen at 3840 and resistance at 3950.



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 3960.



TURMERIC TECHNICAL UPDATE

NCDEX TURMERIC MAY 2015

Researcher View:-

The above Daily chart of TURMERIC suggests that prices have reverse

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

correct up to levels of 8680.



GUARGUM TECHNICAL UPDATE

NCDEX GUARGUM MAY 2015

Researcher View:-

The above Daily chart of GUARGUM suggests that prices have reverse

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

correct up to levels of 10600.



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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