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1. 24-November-2017
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
DEC 7140 7424 7112 7424 3.98 4605
INTRADAY
LEVELS
SUPPORT SUPP.1
7216
SUPP. 2
7008
PIVOT
7320
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7528
RES. 2
7632
CORIANDER
DEC 5014 5174 4959 5170 3.92 10460
INTRADAY
LEVELS
SUPPORT SUPP.1
5028
SUPP. 2
4886
PIVOT
5101
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5243
RES. 2
5316
GUARGUM 5MT
DEC 8416 8728 8396 8628 2.71 32875
INTRADAY
LEVELS
SUPPORT SUPP.1
8440
SUPP. 2
8252
PIVOT
8584
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8772
RES. 2
8916
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP.1
-
SUPP.2
-
PIVOT
-
-
RESISTANC
E
RES. 1
-
RES. 2
-
Market Views
MONTH OPEN HIGH LOW CLOSE % CHG VOL
Agri Commodity Update

3. NCDEX INDICES
Index Value Pre. Close
%
Change
Castorseed 4450 4416 0.77
Chana 5055 4903 3.10
Coriander 5170 4975 3.92
Guargum5MT 8734 8507 2.67
Jeera 21145 20335 3.98
Musterseed 3991 3966 0.63
Soybean 3000 2988 0.40
Turmeric 7424 7140 3.98
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-12-2017 7424.00 292.00 4.09%
CORIANDER 20-12-2017 5170.00 200.00 4.02%
JEERA 20-12-2017 21145.00 765.00 3.75%
GUAR SEED 10 MT 20-12-2017 3835.00 91.00 2.43%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
REF SOYA OIL 20-12-2017 734.20 -1.30 -0.18%
BARLEY 20-12-2017 1512.50 -2.00 -0.13%
WHEAT 20-12-2017 1710.00 -2.00 -0.12%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Even advanced countries around the world and states like California are
noticing Israel's success in the field of water management and recycling. For
example, in the US, the state of California is currently suffering from a severe
water crisis, primarily as a result of inefficient and failed water management
in agriculture. The recycling of water in agriculture in California is only five per
cent whereas in Israel the rate is 85 per cent. However, to further deepen the
bilateral cooperation, during Prime Minister's Modi visit, the two MoU's were
signed to resolve the above issues between the Ministry of Drinking Water
and Sanitation of India and the Ministry of National Infrastructure, Energy and
Water Resources of the State of Israel on National Campaign for Water
Conservation in India. Vinayak Gupta, CEO Zero Mass Water explaining about
his company based in Arizona said, "He makes drinking water from thin air."
Which means enabling drinking water in the cheapest manner possible. The
company was basically founded on the principal of making water accessible
for one and all anyone on this planet.
 India is likely to export nearly one-fifth less cotton than previously
estimated as pink bollworms are set to eat into the south Asian country's
output which was expected to hit a record, industry officials told Reuters on
Thursday. Lower exports from the world's biggest producer will help its rivals
like the U.S, Brazil and Australia to raise their exports to Asian buyers like
Pakistan, China and Bangladesh. "This year exportable surplus will be around
6 million bales. Production estimates are revised down due to the pest
attack," said Nayan Mirani, a partner at Khimji Visram & Sons, a leading cotton
exporter. Earlier, industry officials were estimating exports of 7.5 million bales
of 150 kg each. A 19 percent jump in the area planted for cotton prompted
industry officials to estimate record production of 40 million bales in the
2017/2018 season starting on Oct. 1.
 Soybean futures traded marginally higher on NCDEX as speculators built
up fresh bets, tracking good demand after hike in import tax on all the
edible oils in a bid to curb surging imports and protect farmers' interest.
Meanwhile, soybean prices are still trading lower than MSP as soybean
arrivals have peaked. The contract for December delivery was trading at
Rs 3013.00, up by 0.84% or Rs 25.00 from its previous closing of Rs
2988.00. The open interest of the contract stood at 178300 lots. The
contract for January delivery was trading at Rs 3067.00, up by 0.92% or Rs
28.00 from its previous closing of Rs 3039.00. The open interest of the
contract stood at 127830 lots on NCDEX.
 Coriander futures edged higher on NCDEX as speculators built up fresh
positions, driven by strong demand in the spot market. Further, restricted
supplies from major producing belts also added support to coriander
prices’ uptrend. The contract for December delivery was trading at Rs
5080.00, up by 2.11% or Rs 105.00 from its previous closing of Rs 4975.00.
The open interest of the contract stood at 32090 lots. The contract for
January delivery was trading at Rs 5179.00, up by 1.53% or Rs 78.00 from
its previous closing of Rs 5101.00. The open interest of the contract stood
at 14060 lots on NCDEX.
 Turmeric futures edged up on NCDEX, as spurted physical demand has
initiated fresh buying. Though, report on supplies from the government
auctions and arrivals of medium quality supplies have capped some gains.
The contract for December delivery was trading at Rs 7194, up by 0.76 %
or Rs 54.00 from its previous closing of Rs 7140.00. The open interest of
the contract stood at 5735 lots. The contract for April delivery was trading
at Rs 7284, up by 0.61% or Rs 44.00 from its previous closing of Rs
7240.00. The open interest of the contract stood at 3415 lots on NCDEX.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER DEC ABOVE 5190 TARGET 5220 5260 5310 SL BELOW 5140 SELL TURMERIC DEC BELOW 7370 TARGET 7340 7300 7250 SL ABOVE 7420
SELL GUARGUM5 DEC BELOW 8580 TARGET 8550 8510 8460 SL 8630
Technical Outlook
Agri Commodity Update

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