AgriCommodity Market Newsletter Today 07-01-2014

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Daily Newsletter-Agri Commodity 07/01/2014 www.capitalheight.com

Transcript of AgriCommodity Market Newsletter Today 07-01-2014

Page 1: AgriCommodity Market Newsletter Today 07-01-2014

Daily Newsletter-Agri Commodity 07/01/2014

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Page 2: AgriCommodity Market Newsletter Today 07-01-2014

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MARKET WRAP

Dhaniya futures prices (Feb) closed marginally down by 0.12 per cent.

Mentha Oil went down by 2.0 per cent, thus, continuing its down trend.

Turmeric futures (April) surged high by 0.44 per cent in spot market.

Jeera futures for the month of March are likely to trade sideways in the beginning of the

quarter but could witness gains as there is a possibility of export and domestic demand

picking up strongly in May-June, as situation in other exporting countries is quite bad.

Jeera's fortunes will be dependent on INR-Dollar movements and arrival of monsoons.

COMMODITY P. CLOSE LAST CLOSE NET CHANGE % CHANGE

CARDAMOM 690.00 703.00 13.00 1.88

CASTOR SEED 4,455.00 4,484.00 29.00 0.65

CHANA 3,062.00 3,046.00 -16.00 -0.52

DHANIYA 8,070.00 8,060.00 -10.00 -0.12

JEERA 12,710.00 12,550.00 -160.00 -1.26

MENTHA OIL 840.00 823.00 -17.00 -2.02

REF SOYA OIL 690.00 686.00 -4.00 -0.58

RM SEED 3,594.00 3,632.00 38.00 1.06

SOYBEAN 3,752.00 3,739.00 -13.00 -0.35

TURMERIC 6,822.00 6,852.00 30.00 0.44

Page 3: AgriCommodity Market Newsletter Today 07-01-2014

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TECHNICAL VIEW

CARDAMOM (JAN) 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 - 727

• R1 - 713 Resistance

• S1 - 692

• S2 - 678 Support

• Consolidate

•Buy On Dips

Trend

Strategy • R2 - 4640

• R1 - 4551 Resistance

• S1 - 4416

• S2 - 4327 Support

• Consolidate

•Sell On High

Trend

Strategy • R2 - 3152

• R1 - 3091 Resistance

• S1 - 3000

• S2 - 2939 Support

• Consolidate

•Sell On High

Trend

Strategy • R2 - 8342

• R1 - 8180 Resistance

• S1 - 7939

• S2 - 7777 Support

• Consolidate

• Buy On Dips

Trend

Strategy • R2 - 12989

• R1 - 12738 Resistance

• S1 - 12361

• S2 - 12110 Support

• Consolidate

•Sell On High

Trend

Strategy • R2 - 851

• R1 - 835 Resistance

• S1 - 810

• S2 - 794 Support

• Consolidate

• Sell On High

Trend

Strategy

• R2 - 710

• R1 - 696 Resistance

• S1 - 675

• S2 - 661 Support

•Consolidate

•Sell On High

Trend

Strategy

• R2 - 3759

• R1 - 3686 Resistance

• S1 - 3577

• S2 - 3504 Support

Page 4: AgriCommodity Market Newsletter Today 07-01-2014

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SOYABEAN (JAN) TURMERIC (APRIL)

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• Consolidate

•Sell On High

Trend

Strategy • R2 - 3869

•R1 - 3795 Resistance

• S1 - 3682

• S2 - 3608 Support

• Consolidate

• Buy On Dips

Trend

Strategy • R2 - 7091

• R1 - 6954 Resistance

• S1 - 6749

• S2 - 6612 Support