NCDEX Newsletter by TheEquicom Financial Research Pvt. Ltd. 21May2013

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    Daily Newsletter- AGRI COMMODITY21 MAY 2013

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    MARKETWRAP Turmeric hits lower circuit due to sluggish demand against adequate supply.

    Dhaniya decline by 1.94 % @ 6559.

    Pepper witnessed down 1.5% @ 35495 on adequate stocks.

    Dhaniya headed further south closing with loss of more than a 1.5% on account of

    adequate stocks in the domestic markets. Turmeric closed at 2% lower circuit and may

    show down side movement in tomorrow. Pepper down 2.60 % @ 34500 and may show

    negative movement in tomorrow.

    DAILY MARKET UPDATE:-

    COMMODITY P.CLOSE LAST CLOSE NET CHANGE % CHANGE

    SOYABEAN ( 20JUNE2013 )3896.50 3920.00 23.50 0.60

    REFINED SOYA OIL (20JUNE2013 ) 698.90 700.00 1.10 0.10DHANIYA ( 20JUNE2013 )

    6689.00 6559.00 -130.00 -1.94

    JEERA ( 20JUNE2013 )13125.00 13077.50 -47.50 -0.36

    TURMERIC ( 20JUNE2013 )5980.00 5950.00 -30.00 -0.50

    CHANA ( 20JUNE2013 )3387.00 3389.00 2.00 0.00

    GUARSEED ( 20JUNE2013 )

    9330.00 9310.00 -20.00 -0.21GUARGUM ( 20JUNE2013 )

    28200.00 28350.00 150.00 0.50

    PEPPER ( 20JUNE2013 )35420.00 34500.00 -920.00 -2.60

    RMSEED ( 20JUNE2013 )3519.00 3505.00 -14.00 -0.40

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    TECHNICALVIEW

    CHANA (JUNE)

    CONSOLIDATE

    SELL ON HIGHS

    TREND

    STRATEGY

    3430

    3470RESISTANCE

    3370

    3350SUPPORT

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    TURMERIC (JUNE)

    CONSOLIDATE

    SELL ON HIGHS

    TREND

    STRATEGY

    6220

    6260RESISTANCE

    5740

    5660SUPPORT

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    SOYABEAN (JUNE)

    CONSOLIDATE

    BUY ON DIPS

    TREND

    STRATEGY

    3970

    3980RESISTANCE

    3850

    3830SUPPORT

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    RMSEED (JUNE)

    CONSOLIDATE

    BUY ON DIPS

    TREND

    STRATEGY

    3550

    3560RESISTANCE

    3490

    3480SUPPORT

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