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2. NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
JEERA FUTURE
According to state's agriculture department,Production of jeera in gujarat is seen rising by 36 percent on year in
2013-2014 to a record 319000 tonnes. Major downside will remain capped as jeera production is expected to fall
in Syria and Turkey due to crop failure amid political unrest.
TURMERIC FUTURE
Turmeric futures declined tracking fall in major spot markets. Poor quality crop arrivals and reports of better
sowing this year are seen pressurizing the prices. During 2013-14 turmeric export performance have seen
decline compared to previous year in terms of volume but higher earnings. Rainfall occurred at many places over
Kerala and at a few places over North interior Karnataka. Isolated rainfall occurred over Coastal Andhra Pradesh,
Rayalaseema,Tamil Nadu, Coastal and South interior Karnataka. Dry weather prevailed over Telangana.
CHANA FUTURE
Chana futures may trade on a mixed note. Ample supplies, weak demand, rising stocks on the exchange
warehouses, higher sowing of summer pulses and higher output in 2013-14 may keep prices under downside
pressure. However, lower level buying coupled with pickup in demand from the millers and lower pulses target
for 2014-15 on forecast of below normal monsoon by the IMD may support prices at lower levels.
SOYABEAN FUTURE
Soybean futures are expected to trade on a negative note in the intraday. Weak overseas markets and poor soy
meal export demand may keep prices under check. However, tight supplies and lower availability of seeds for
sowing may support prices at lower levels.
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NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
Dhaniya july daily chart Consolidating in upper range trend is bullish, trend is bullish RSI is in mid range
Immediate support @ 9780 & Immediate resistance @ 9830.
R1-9629 R2-9909 PP-9819 S1-9768 S2-9729
TRADING STRATEGY:
BUY DHANIYA JUL ABOVE 9830 TGTS 9860,9910 SL 9780
SELL DHANIYA JUL BELOW 9780 TGTS 9760,9710 SL 9830
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4. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
Guarseed daily chart, Price bounce from support level, expecting from here onwards guarseed price may go up
Momentum indicators RSI is above mid range. In intraday basis immediate support @ 5165 & immediate resistance @ 5280.
R1-5375 R2-5337 PP-5142 S1-5063 S2-4947
ITRADING STRATEGY:
TRADING STRATEGY:
BUY GUARSEED JUL ABOVE 5280 TGTS 5310,5360 SL 5230
SELL GUARSEED JUL BELOW 5165 TGTS 5135,5085 SL 5215R
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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