NCDEX Turmeric futures rose 2.92% on strong demand. NCDEX Chana futures fell 1.32% on weak demand. NCDEX Dhaniya futures rose 1.62%. NCDEX Castorseed futures rose 1.6%. Soybean and soy oil futures declined due to profit-taking but were expected to remain positive due to marriage season demand. Dhaniya futures trend was positive with further uptick expected. Chana futures trend was positive with further uptick also expected. NCDEX Turmeric may trade positive in the next session.
2. MARKET WRAP.
NCDEX Turmeric up by 2.92% on Strong demand: - NCDEX Turmeric April
contract closed up on Thursday and registering Profit of 2.92% Open: 6344, High:
6586, Low: 6344 Close: 6564
NCDEX Chana down by 1.32% on weak demand:-NCDEX Chana January contract
is closed down by 1.32% on Thursday.
NCDEX Dhaniya :-NCDEX Dhaniya January contract is closed up by 1.62% on
Thursday.
NCDEX Castorseed: - NCDEX Castorseed January contract is up by 1.6% Thursday.
INTRADAY VIEW.
Soybean (Jan.) and Soy Oil (Jan.):- soybean and soy oil futures are exhibiting
negative sentiments due to profit booking at higher levels. However, both
commodities are expected to remain positive for near term by marriage season
demand, according to our analyst at TheEquicom.
Dhaniya (Jan.) - The trend in NCDEX Dhaniya January contract is positive and
further up-tick is expected in the near term. For Intra-day, support for the
commodity is seen at 7950. Traders may buy around 7990 with the stop loss of 7945
for the target of 8780.
Expect further up-tick in Chana prices (Jan.):- Technically, the trend in
NCDEX chana January delivery looks positive and further up-tick is expected for near
term. Support is seen at 2890 while resistance is seen at 3200 level. Traders may buy
around 2910 with the stop loss of 2890 for the target of 3185, according to our
analyst TheEquicom
NCDEX Turmeric (Apr.):-NCDEX Turmeric for April contract may trade positive
on next trading session. Resistance: 6600, 6720 Support: 6250, 6160.
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Page 2
3. DAILY MARKET UPDATE
COMMODITY
SOYABEAN (20 Jan .2013)
P.CLOSE
LAST CLOSE
NET CHANGE % CHANGE
3839.00
3824.00
-15.00
-0.39
690.35
689.35
-1.00
-0.14
DHANIYA (20 Jan .2013)
8130.00
8260.00
130.00
1.60
JEERA (20 Mar.2013)
12910.00
12987.00
77.00
0.60
TURMERIC (20 Apr.2013)
6378.00
6564.00
186.00
2.92
CHANA (20 Jan .2013)
3017.00
2986.00
-31.00
-1.03
GUARSEED (20 Jan .2013)
4310.00
4465.00
155.00
3.60
GUARGUM (20 Jan .2013)
11770.00
12200.00
430.00
3.65
CASTORSEED (20 Jan .2013)
4873.00
4942.00
69.00
1.42
RMSEED (20 Jan .2013)
3639.00
3610.00
-29.00
-0.80
REFINED SOYA OIL (20 Jan .2013)
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Page 3
8. COMMODITY
S1:12250
S2:12110
R1:4930
S1:4480
S2:4340
R1: 5520
S1:4000
S2:3935
R1: 709.00
S1: 685.00 CONSOLIDATE BUY ON DIPS
S2: 680.00
R1: 3195
S1:2960
R2: 3270
S2:2885
R1:3935
S1:3600
R2:3965
S2:3530
R1:6605
S1:6145
R2:6660
CHANA
R1:13210
R2:715.00
REFINED OIL
March
R2: 5580
GUARSEED
SUPPORT
R2:4995
CASTORSEED
RESISTANCE
R2:13385
JEERA UNJHA
CONTRACT
S2:6095
January
January
January
January
RMSEED
January
TURMERIC
April
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TREND
STRATAGEY
CONSOLIDATE BUY ON DIPS
BULLISH
BUY ON DIPS
CONSOLIDATE BUY ON DIPS
CONSOLIDATE BUY ON DIPS
CONSOLIDATE BUY ON DIPS
CONSOLIDATE BUY ON DIPS
Page 8
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together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom might be
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