2. NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
REFINED SOYA FUTURE
Refined Soya markets continued the firm sentiments due to good buying support and strong support from international
market with supplies drying off from the major exporters. Soybeans rose the most in two weeks on speculation that
increased demand will reduce supplies in the U.S.
JEERA FUTURE
Jeera futures are expected to trade lower due to selling pressure as arrivals of the new crop are rising sharply in spot
markets. The off take is likely to remain limited due to expectation of high output on significant rise in sowing. However,
expectations of pick up in export may limit sharp fall in prices. As per the latest data by Gujarat Agriculture Board, total
acreage of jeera in the state has been increased by 1.05 lakh hectares from the last year to 4.54 lakh hectares. Traders
estimated that total production of jeera is likely to increase by 10 lakh bags to around 46 lakh bags in the current year.
CHANA FUTURE
Chana rates firmed up further as domestic demand rose in the mandis and a fall in arrivals at these lower levels further
supported the sentiments. Traders anticipate present rates to be on the lower side and expect demand to start picking up
further in coming days. Slight fall in crop quality in Maharashtra, MP and Rajasthan have been reported. Prospects of
demand rising ahead are likely to keep sentiments Bullish in the medium term though short term trend likely to remain
volatile.
GUARSEED FUTURE
Fundamentals had remained weak for last few months as huge carryover stocks from last year, low export demand and
better sowing reports from good rains in Rajasthan, Haryana and Gujarat had kept prices down Even with higher stocks
in domestic markets, reports indicate stocks in International markets which was high earlier, has fallen over last few
months.
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NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level and consolidating in range
RSI is in mid range, now price is in support level. we are waiting for the closing of next session trend is bullish
Immediate support @ 9565 & Immediate resistance @ 9620.
R1-9664 R2-9737 S1-9521 S2-9451
TRADING STRATEGY:
BUY DHANIYA MAY ABOVE 9620 TGTS 9650,9700 SL 9570
SELL DHANIYA MAY BELOW 9565 TGTS 9535,9485 SL 9605
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4. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
Guarseed apr short term trend looking sideways to bearish in daily chart and it is in there resistance Momentum indicators
RSI is above mid range,expecting may go upIn intraday basis immediate support @ 4800 & immediate resistance @ 4880.
R1-4883 R2-4917 S1-4813 S2-4777
ITRADING STRATEGY:
TRADING STRATEGY:
BUY GUARSEED MAY ABOVE 4880 TGTS 4910,4960 SL 4830
SELL GUARSEED MAY BELOW 4800 TGTS 4770,4720 SL 4850ER
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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