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1. 18-December-2017
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 7560 7580 7400 7494 -0.37 1420
INTRADAY
LEVELS
SUPPORT SUPP.1
7402
SUPP. 2
7311
PIVOT
7491
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7582
RES. 2
7671
CORIANDER
JAN 5500 5525 5382 5452 -0.18 5360
INTRADAY
LEVELS
SUPPORT SUPP.1
5381
SUPP. 2
5310
PIVOT
5453
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5524
RES. 2
5596
GUARGUM 5MT
JAN 8490 8518 8393 8486 -0.12 17410
INTRADAY
LEVELS
SUPPORT SUPP.1
8413
SUPP. 2
8340
PIVOT
8465
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8538
RES. 2
8590
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 4434 4465 -0.76
Chana 3835 3887 -1.34
Coriander 5355 5418 -1.16
Guargum5MT 8360 8489 -1.52
Jeera 21250 21400 -0.70
Musterseed 3950 3967 -0.43
Soybean 3011 2996 0.50
Turmeric 7200 7146 0.76
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
SOY BEAN 20-12-2017 3011.00 44.00 1.48%
COTTON SEED OIL CAKE
AKOLA
20-12-2017 1699.00 22.50 1.34%
V 797 KAPAS 30-04-2018 996.50 8.00 0.81%
GUAR SEED 10 MT 20-12-2017 3858.00 25.00 0.65%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-12-2017 5355.00 -35.00 -0.65%
JEERA 20-12-2017 21250.00 -130.00 -0.61%
RAPESEED-MUSTARD
SEED
20-12-2017 3950.00 -13.00 -0.33%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Around 3.30 am every day when Bengaluru is still fast asleep, the
Agriculture Produce Market Committee (APMC) yard in Yeshwanthpur is
abuzz. The largest agriculture produce yard in the state, it is spread over 86
acres in the northwestern part of the city. The over 200 vegetable mandis at
the yard are already a beehive of activity. Much of the fruits and vegetables
consumed by Bengaluru — through retail shops, pushcarts or restaurants —
pass through this wholesale market. S Ramesh, a farmer in his mid-50s has
travelled all the way from Nagamangala, a town in Mandya district, about 120
km from Bengaluru. He arrived at the market the previous night with a
truckload of capsicum grown on his farm. In the absence of a resting place in
the cramped mandi, Ramesh and the truck driver take a nap in the truck
before they start the day. The auction is yet to begin. Vegetable farmers like
him live on hope and prayer. Price fluctuation can make their day or break
them.
 Union Minister Nitin Gadkari today said steel pipes will be used for irrigation
instead of canal system, a move aimed at cutting down on land acquisition
costs and promoting innovations. The transport and water resources minister,
who was addressing a Moroccan delegation -- led by its Minister for
Equipment, Transport, Logistics and Water Abdelkader Amara -- also said that
India was keen to strengthening ties with the African nation. In one part of
India, we have lots of water and the other faces shortages. Water
conservation is important here and we are encouraging innovations and
technologies. Now we have taken a decision that in place of canal system we
will use steel pipes supplying water for irrigation. We are saving the cost of
land acquisition," Gadkari said. He said land acquisition has become a costly
proposition here and by using steel pipes not only sufficient savings will be
there but the output will be more than double. "We are accepting lots of
technologies in water resources ministry. We are encouraging drip irrigation.
 Coriander futures edged higher on NCDEX as speculators created fresh
positions, tracking pickup in demand at the spot market. Besides, tight
stock positions following restricted arrivals from major growing regions
also added support to coriander futures. The contract for December
delivery was trading at Rs 5431.00, up by 0.24% or Rs 13.00 from its
previous closing of Rs 5418.00. The open interest of the contract stood at
570 lots. The contract for January delivery was trading at Rs 5510.00, up
by 0.88% or Rs 48.00 from its previous closing of Rs 5462.00. The open
interest of the contract stood at 40910 lots on NCDEX.
 Soybean futures traded marginally higher on NCDEX as speculators
enlarged positions, driven by higher incentives for oil meal export.
However, some gains were capped by reports that mills have a sufficient
stock which slows their purchase. Meanwhile, US soybeans ticked higher,
but were still on course for the biggest weekly loss in almost two months
on expectations of rains in Argentina, the world's third biggest supplier.
The contract for January delivery was trading at Rs 3032.00, up by 0.2% or
Rs 6.00 from its previous closing of Rs 3026.00. The open interest of the
contract stood at 262540 lots.
 Jeera futures declined on NCDEX, as traders reduced their bets on
expectations of further correction in the commodity rates amid muted
domestic and overseas demand. Moreover, reports on good sowing
progress in Gujarat have dragged the prices further. The contract for
December delivery was trading at Rs 21260.00, eased by 0.65% or Rs
140.00 from its previous closing of Rs 21400.00. The open interest of the
contract stood at 2703 lots. The contract for January delivery was trading
at Rs 21330.00, down by 0.77 % or Rs 165.00 from its previous closing of
Rs 21495.00. The open interest of the contract stood at 10767 lots on
NCDEX.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER DEC ABOVE 5530 TARGET 5560 5600 5650 SL BELOW 5480 BUY TURMERIC APR ABOVE 7520 TARGET 7550 7590 7640 SL BELOW 7470
SELL GUARGUM5 DEC BELOW 8380 TARGET 8350 8310 8260 SL 8430
Technical Outlook
Agri Commodity Update

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