Daily agri news letter 26 july 2013 By TheEquicom Financial Research Pvt.Ltd.

1. 9
Daily Newsletter- AGRI
COMMODITY
26JULY 2013

2. www.TheEquicom.com Page 2
MARKET WRAP.
Guar gum and Guar hit lower circuit of 4% today’s trading session.
Soyabean Indore has lost 4%.
Dhaniya and Castor seed hit lower circuit of 4% today’s trading session.
NCDEX Turmeric August contract is closed down by 3.2% on Thursday.
NCDEX Chana August contract closed @2637 hit lower circuit of 4% % in today’s
trading session. Hit 2 years low on Thursday open: 2743 High: 2743 Low:2637 Close:
2637
NCDEX RM Seed August contract closed down by -129 on today’s and registering
loss of.4%
open: 3200 High: 3205 Low:3099 Close: 3099
INTRADAY VIEW.
NCDEX August Chana is going down continuously and making lower lows
however the momentum indicator is making higher low indicating divergence.
There is probability of trend reversal to the upside.
The trend in NCDEX coriander futures for August delivery is negative; however,
further short covering is expected at current levels..
The trend in Soyabean futures for August delivery is bearish and downward
movement is expected in the near term. Resistance: 3000, 3105 Support: 2850,
2800.
NCDEX Turmeric for August delivery may trade negative on Friday Resistance:
5435, 5520 Support: 5220, 5075

3. www.TheEquicom.com Page 3
DAILY MARKET UPDATE
COMMODITY P.CLOSE LAST CLOSE NET CHANGE % CHANGE
SOYABEAN (18OCT 2013 )
3000.00 2884.00 -116.00 -3.87
REFINED SOYA OIL (20AUG2013)
651.50 634.00 -17.50 -2.69
DHANIYA (20AUG2013 )
5655.00 5432.00 -223.00 -3.94
JEERA (20AUG2013 )
13270.00 13270.00 0.00 0.00
TURMERIC (20AUG2013 )
5540.00 5400.00 -140.00 -2.53
CHANA (20AUG2013 )
2739.00 2637.00 -102.00 -3.72
GUARSEED (18OCT 2013 )
4860.00 4670.00 -190.00 -3.91
GUARGUM (18OCT 2013 )
13650.00 13110.00 -540.00 -3.96
CASTORSEED (20AUG2013 )
3365.00 3236.00 -129.00 -3.83
RMSEED (20AUG2013 )
3317.00 3219.00 -98.00 -2.95

4. www.TheEquicom.com Page 4
TECHNICAL VIEW
Turmeric (AUG.)
`
• BEARISH
• SELL ON HIGH
TREND
STRATEGY
• 5530
• 5660
RESISTANCE
• 5350
• 5215SUPPORT

5. www.TheEquicom.com Page 5
DHANIYA (20 AUG.)
•BEARISH
•SELL ON HIGH
TREND
STRATEGY
•5970
•6095
RESISTANCE
•5550
•5485
SUPPORT

6. www.TheEquicom.com Page 6
CHANA (AUG.)
Expect further fall in Chana
prices: The country has achieved a record pulses production of
18.45 million tons (MT) in the 2012-13 crop year ended June, while food
grain output fell by 1.5% to 255.36 MT due to drought in some states last
year. According to fourth advance Estimates released on 22nd July 2013,
Total pulses output for 2012-13 season has been pegged at record 18.45
million tons compared to the third advance estimates of 18 million tons and
17.09 million tons produced in 2011-12 season. Kharif Pulses witnessed a
marginal decline in the output which was offset by a considerable rise in
Rabi output, especially Chana.
•CONSOLIDATE
•BEARISH
TREND
STRATEGY
•2820
•2750
RESISTANCE
•2595
•2570
SUPPORT

7. www.TheEquicom.com Page 7
COMMODITY CONTRACT RESISTANCE SUPPORT TREND STRATAGEY
JEERA UNJHA August R1:13750
R2:13990
S1: 13110
S2:12920
CONSOLIDATE SELL ON HIGH
CASTORSEED August R1:3330
R2: 3365
S1:3220
S2:3140
BEARISH SELL ON HIGH
GUARSEED October R1: 5335
R2: 5465
S1:4550
S2: 4470
CONSOLIDATE BUY ON DIPS
REFINED OIL October R1: 676.00
R2:683.00
S1: 625.00
S2: 620.00
BEARISH SELL ON HIGH
CHANA August R1: 3155
R2: 3190
S1:2610
S2: 2540
BEARISH SELL ON HIGH
RMSEED August R1:3410
R2:3450
S1:3085
S2:3055
BEARISH SELL ON HIGH
CHILLI August R1:5690
R2:5800
S1:5390
S2:5290
BULLISH BUY ON DIPS

8. www.TheEquicom.com Page 8
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