Today Agri Commodity Market News Updates 02-01-2014

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Daily Newsletter-Agri Commodity 02/01/2014 www.capitalheight.com

Transcript of Today Agri Commodity Market News Updates 02-01-2014

Page 1: Today Agri Commodity Market News Updates 02-01-2014

Daily Newsletter-Agri Commodity 02/01/2014

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Page 2: Today Agri Commodity Market News Updates 02-01-2014

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MARKET WRAP

Dhaniya futures ended up by 1.59 per cent amid extreme volatility.

Mentha Oil went on to close in positive terrain, up by 0.71 per cent.

Turmeric futures (April) closed marginally down by 0.09 per cent.

NCDEX Jeera for the month of March delivery is trading up only due to lower level

buying and short covering even as fundamentals look bearish. India Jeera (cumin seed)

futures are expected continue their weakness in the short term on bearish

fundamentals. In today’s session, Jeera futures (March) went down by 0.5 per cent.

COMMODITY P. CLOSE LAST CLOSE NET CHANGE % CHANGE

CARDAMOM 675.00 678.00 3.00 0.44

CASTOR SEED 4,562.00 4,609.00 47.00 1.03

CHANA 3,081.00 3,106.00 25.00 0.81

DHANIYA 8,063.00 8,191.00 128.00 1.59

JEERA 12,592.00 12,530.00 -62.00 -0.49

MENTHA OIL 840.00 846.00 6.00 0.71

REF SOYA OIL 698.00 695.00 -3.00 -0.43

RM SEED 3,520.00 3,534.00 14.00 0.40

SOYBEAN 3,822.00 3,805.00 -17.00 -0.44

TURMERIC 6,616.00 6,610.00 -6.00 -0.09

Page 3: Today Agri Commodity Market News Updates 02-01-2014

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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 - 701

• R1 - 688 Resistance

• S1 - 667

• S2 - 654 Support

• Consolidate

•Buy On Dips

Trend

Strategy • R2 - 4770

• R1 - 4678 Resistance

• S1 - 4539

• S2 - 4447 Support

• Consolidate

•Buy On Dips

Trend

Strategy • R2 - 3214

• R1 - 3152 Resistance

• S1 - 3059

• S2 - 2997 Support

• Consolidate

•Buy On Dips

Trend

Strategy • R2 - 8477

• R1 - 8313 Resistance

• S1 - 8068

• S2 - 7904 Support

• Consolidate

• Sell On High

Trend

Strategy • R2 - 12968

• R1 - 12717 Resistance

• S1 - 12342

• S2 - 12091 Support

• Consolidate

•Buy On Dips

Trend

Strategy • R2 - 875

• R1 - 858 Resistance

• S1 - 833

• S2 - 816 Support

• Consolidate

• Sell On High

Trend

Strategy

• R2 - 719

• R1 - 705 Resistance

• S1 - 684

• S2 - 670 Support

•Consolidate

•Sell On High

Trend

Strategy

• R2 - 3657

• R1 - 3587 Resistance

• S1 - 3480

• S2 - 3410 Support

Page 4: Today Agri Commodity Market News Updates 02-01-2014

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SOYABEAN (JAN) TURMERIC (APRIL)

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• Consolidate

•Sell On High

Trend

Strategy • R2 - 3938

•R1 - 3862 Resistance

• S1 - 3747

• S2 - 3671 Support

• Consolidate

• Buy On Dips

Trend

Strategy • R2 - 6841

• R1 - 6709 Resistance

• S1 - 6510

• S2 - 6378 Support