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Daily agri news letter 20 dec 2013


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Daily agri news letter 20 dec 2013

  1. 1. 20 DEC. 2013
  2. 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. 09200009266 Page 2
  3. 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) 09200009266 Page 3
  4. 4. TECHNICAL VIEW SOYABEAN (20 Jan.) TREND STRATEGY • CONSOLIDATE • BUY ON DIPS RESISTANCE • 3865 • 3895 SUPPORT ` • 3720 • 3690 09200009266 Page 4
  5. 5. DHANIYA (20 Jan.) TREND STRATEGY •BULLISH •BUY ON DIPS RESISTANCE •8335 •8500 SUPPORT •8045 •7695 09200009266 Page 5
  6. 6. CHANA (20 Jan.) TREND STRATEGY • CONSOLIDATE • BUY ON DIPS RESISTANCE • 3045 • 3095 SUPPORT • 2960 • 2925 09200009266 Page 6
  7. 7. Refined soya oil (20 Jan.) TREND STRATEGY • CONSOLIDATE • BUY ON DIPS RESISTANCE • 709 • 716 SUPPORT • 685 • 680 09200009266 Page 7
  8. 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 09200009266 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
  9. 9. Disclaimer 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. 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. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. TheEquicom recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. TheEquicom shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NCDEX. The commodity price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom 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. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which JULY arise from the recommendations above. TheEquicom does not purport to be an invitation or an offer to buy or sell any financial instrument. 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. 09200009266 Page 9