Today AgriCommodity Market Report 02-07-2014

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Daily Newsletter-Agri Commodity 02/07/2014 www.capitalheight.com

description

Jeera future fell by 0.58%, on subdued demand in mkt.Soybean future went down by 0.88%, on weak demand.Chana future fell by 3.98%, as sluggish market demand

Transcript of Today AgriCommodity Market Report 02-07-2014

Page 1: Today AgriCommodity Market Report 02-07-2014

Daily Newsletter-Agri Commodity 02/07/2014

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Page 2: Today AgriCommodity Market Report 02-07-2014

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MARKET WRAP

Jeera future fell by 0.58%, on subdued demand in mkt.

Soybean future went down by 0.88%, on weak demand.

Chana future fell by 3.98%, as sluggish market demand.

Dhaniya future prices fell by 1.18%, as speculators booked profits at prevailing levels,

driven by subdued spot demand. Cardamom future climbed by 0.61% as speculators

enlarged positions on the back of rising demand. Turmeric future prices shed by 0.97%

as speculators reduced positions, driven by sluggish demand in the spot market.

COMMODITY P. CLOSE LAST CLOSE NET CHANGE % CHANGE

CARDAMOM 949.70 955.50 5.80 0.61

CASTOR SEED 4,460.00 4,440.00 -20.00 -0.45

CHANA 2,915.00 2,799.00 -116.00 -3.98

DHANIYA 11,102.00 10,971.00 -131.00 -1.18

JEERA 11,285.00 11,220.00 -65.00 -0.58

MENTHA OIL 745.40 736.00 -9.40 -1.26

REF SOYA OIL 701.60 695.20 -6.40 -0.91

RM SEED 3,537.00 3,482.00 -55.00 -1.55

SOYBEAN 4,081.00 4,045.00 -36.00 -0.88

TURMERIC 6,574.00 6,510.00 -64.00 -0.97

Page 3: Today AgriCommodity Market Report 02-07-2014

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TECHNICAL VIEW

CARDAMOM (JULY) CASTOR SEED (JULY)

CHANA (JULY) DHANIYA (JULY)

JEERA (JULY) MENTHA OIL (JULY)

REF SOYA OIL (JULY) RM SEED (JULY)

• Consolidate

•Buy On Dips Trend

Strategy

• R2 - 988

• R1 - 969 Resistance

• S1 - 941

• S2 - 922 Support

• Consolidate

•Sell On High Trend

Strategy

• R2 - 4595

• R1 - 4506 Resistance

• S1 - 4373

• S2 - 4284 Support

• Consolidate

•Sell On High Trend

Strategy

• R2 - 2896

• R1 - 2840 Resistance

• S1 - 2757

• S2 - 2701 Support

• Consolidate

• Sell On High Trend

Strategy • R2 - 11354

• R1 - 11135 Resistance

• S1 - 10806

• S2 - 10587 Support

• Consolidate

• Sell On High Trend

Strategy

• R2 - 11612

• R1 - 11388 Resistance

• S1 - 11051

• S2 - 10827 Support

• Consolidate

•Sell On High Trend

Strategy

• R2 - 761

• R1 - 747 Resistance

• S1 - 724

• S2 - 710 Support

• Consolidate

• Sell On High Trend

Strategy

• R2 - 719

• R1 - 705 Resistance

• S1 - 684

• S2 - 670 Support

•Consolidate

•Sell On High Trend

Strategy

• R2 - 3603

• R1 - 3534 Resistance

• S1 - 3429

• S2 - 3360 Support

Page 4: Today AgriCommodity Market Report 02-07-2014

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SOYABEAN (JULY) TURMERIC (JULY)

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• Consolidate

• Sell On High Trend

Strategy

• R2 - 4186

•R1 - 4105 Resistance

• S1 - 3984

• S2 - 3903 Support

• Consolidate

• Sell On High Trend

Strategy

• R2 - 6737

• R1 - 6607 Resistance

• S1 - 6412

• S2 - 6282 Support