Soyaoil and soyabean futures rose on Tuesday, attracting
fresh buying support amid poor supplies in spot markets. The
May rapeseed contract rose 3.8 percent to 3,969 rupees,
while June soybean futures ended 3.9 percent higher at 4,232
rupees per 100 kg.
1. Money Maker Research Pvt. Ltd.
Daily Agri Newsletter
6 MAY 2015
www.moneymakerfinancial.com
An ISO 9001-2008 Company
2. j
H E A D L I N E S
Indian oilseeds rise on poor spot
supplies
Soyaoil and soyabean futures rose on Tuesday, attracting
fresh buying support amid poor supplies in spot markets. The
May rapeseed contract rose 3.8 percent to 3,969 rupees,
while June soybean futures ended 3.9 percent higher at 4,232
rupees per 100 kg.
Chana futures ended higher as
arrivals of new harvest were lower
than expected
Jeera ended higher on poor market
arrivals
Jeera ended higher on poor market arrivals of the new season
crop. The key May jeera contract rose 1.4 percent to 17,900
rupees per 100 kg.
Chana ended higher as arrivals of new harvest were lower
than expected on recent unseasonal rains in key growing
areas. The May contract ended 4 percent up at 4,372 rupees
per 100 kg.
Untimely rains in the last few weeks in the central state of
Madhya Pradesh and in the western state of Maharashtra
damaged the mature chana crop in some districts.
3. SCRIP CLOSE CHANGE
%
CHANGE
R2 R1 S1 S2 STRATEGY
MENTHA OIL
(MAY )
1014.2 8.1 0.81 1040 1025 1000 985
SELL ON
HIGH
CARDAMOM
(MAY)
931.1 52.7 6 975 950 915 900 BUY ON DIPS
SOYBEAN
(JUN )
4232 162 3.98 4310 4275 4230 4170 BUY ON DIPS
CHANA
(JUN )
4435 170 3.99 4530 4500 4400 4370 BUY ON DIPS
CASTORSEED
(JUN )
3860 82 2.17 3930 3900 3830 3800
SELL ON
HIGH
RM SEED
(JUN )
4011 142 3.67 4085 4040 3980 3950
SELL ON
HIGH
DHANIYA
(JUN )
10852 77 0.71 11300 11000 10700 10500 BUY ON DIPS
JEERA
(JUN )
18180 135 0.75 18700 18400 17900 17600
SELL ON
HIGH
TURMERIC
(JUN )
8578 92 1.08 8900 8700 8400 8200
SELL ON
HIGH
P I V O T T A B L E
4. C H A R T I S T P I C K
SELL DHANIYA MAY BELOW 10800 AND MAINTAIN STOP LOSS ABOVE
10900. WE CAN SEE THE TARGETS AROUND 10700/10600
5. The information and views in this report, our website & all the service we provide are
believed to be reliable, but we do not accept any responsibility (or liability) for errors of
fact or opinion. Users have the right to choose the product/s that suits them the most.
Investment in Stocks has its own risks. Sincere efforts have been made to present the
right investment perspective. The information contained herein is based on analysis
and up on sources that we consider reliable. We, however, do not vouch for the
accuracy or the completeness thereof. This material is for personal information and we
are not responsible for any loss incurred based upon it & takes no responsibility
whatsoever for any financial profit s or loss which may arise from the
recommendations above. The stock price projections shown are not necessarily
indicative of future price performance. The information herein, together with all
estimates and forecasts, can change without notice. Money Maker Research Pvt. Ltd.
does not purport to be an invitation or an offer to buy or sell any financial instrument.
Analyst or any person related to Money Maker Research Pvt. Ltd. might be holding
positions in the stocks recommended. It is understood that anyone who is browsing
through the site has done so at his free will and does not read any views expressed as
a recommendation for which either the site or its owners or anyone can be held
responsible for. Any surfing and reading of the information is the acceptance of this
disclaimer. All Rights Reserved. Our Clients (Paid or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any
Information Provided by us to/with anyone which is received directly or indirectly by
them. If found so then Serious Legal Actions can be taken. Any surfing and reading of
the information is the acceptance of this disclaimer. All Right Reserved.
D I S C L A I M E R