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1. 20-September-2017
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
OCT 7570 7600 7460 7486 -1.47 3935
INTRADAY
LEVELS
SUPPORT SUPP.1
7430
SUPP. 2
7375
PIVOT
7515
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7570
RES. 2
7655
CORIANDER
OCT 4747 4870 4720 4851 2.00 7770
INTRADAY
LEVELS
SUPPORT SUPP.1
4757
SUPP. 2
4663
PIVOT
4813
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4907
RES. 2
4963
GUARGUM 5MT
OCT 7690 7978 7666 7978 3.99 24275
INTRADAY
LEVELS
SUPPORT SUPP.1
7770
SUPP. 2
7562
PIVOT
7874
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8082
RES. 2
8186
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 4490 4422 1.54
Chana - - -
Coriander 4490 4422 1.54
Guargum5MT 7978 7672 3.99
Jeera 19680 19560 0.61
Musterseed 3730 3725 0.13
Soybean 3090 3089 0.03
Turmeric 7534 7610 -1.00
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
GUAR SEED 10 MT 18-10-2017 3723.00 98.00 2.70%
CORIANDER 20-09-2017 4461.00 45.00 1.02%
JEERA 20-09-2017 19680.00 150.00 0.77%
SOY BEAN 18-10-2017 3092.00 8.00 0.26%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 13-10-2017 7480.00 -130.00 -1.71%
BARLEY 13-10-2017 1482.00 -5.50 -0.37%
V 797 KAPAS 30-04-2018 864.50 -1.50 -0.17%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Key cotton producing regions in central India are set for a recovery in
rainfall levels, the country's weather office chief told Reuters on Tuesday,
easing concerns for farmers who are betting on the fibre amid rising demand.
Overall rainfall in the country since June 1 is 6 percent below the long-term
average, according to data on the India Meteorological Department's (IMD)
website. India's weather office said in June it expected monsoon rains, which
deliver about three-quarters of India's annual rainfall, to reach 98 percent of
the long-term average this year. The monsoon, which stretches from June to
September, is critical for India's 260 million farmers because about half of
their land lacks irrigation. Farming accounts for 15 percent of India's $2 trillion
economy and employs more than half of its 1.3 billion people. The total area
cultivated during summer was largely flat from a year ago at about 105 million
hectares at the end of last week, according to farm ministry data, with cotton
planting growing at the fastest pace as oilseeds and pulses planting slowed.
 Union Agriculture Minister Radha Mohan Singh today urged states to chalk
out their own strategy to achieve the target of doubling farmers' income by
2022. The centre has already come out with a four-volume report suggesting
ways to boost farmers' income, which states will have to study and see how
best it can be implemented in each state, he said. Not only productivity of
various crops needs to be raised, but also focus on allied farm activities like
timber cultivation and honeybee cultivation is required, he added. Addressing
a two-day national conference to evolve a sowing strategy for the upcoming
winter (rabi) season, Singh said: "The governments aim is to increase
productivity and ensure farmers get the remunerative price for their
produce.” The government has launched several schemes like Pradhan Mantri
Gram Sadak Yojana, Pradhan Mantri Krishi Sinchai Yojana (PMKSY), Pradhan
Mantri Fasal Bima Yojana (PMFBY), Paramparagat Krishi Vikas Yojana, Soil
Health Card scheme, neem-coated urea and electronic national agriculture
market (e-NAM) to achieve the target of doubling farmers' income.
 Jeera futures edged higher on NCDEX due to rising physical demand at
the spot market. Though, some gains were capped due to ample stocks
position following higher supply from the producing belts. The contract for
September delivery was trading at Rs 19720.00, up by 0.82% or Rs 160.00
from its previous closing of Rs 19560.00. The open interest of the contract
stood at 4986 lots. The contract for October delivery was trading at Rs
19785.00, up by 1.12% or Rs 220.00 from its previous closing of Rs
19565.00. The open interest of the contract stood at 11193 lots on NCDEX.
 Coriander futures edged higher on NCDEX as participants enlarged their
holdings amid improved domestic as well as export demand in the spot
market. Further, limited arrivals from major producing belts also fuelled
the uptrend. The contract for September delivery was trading at Rs
4458.00, up by 0.81% or Rs 36.00 from its previous closing of Rs 4422.00.
The open interest of the contract stood at 530 lots. The contract for
October delivery was trading at Rs 4773.00, up by 0.36% or Rs 17.00 from
its previous closing of Rs 4756.00. The open interest of the contract stood
at 37940 lots on NCDEX.
 Soyabean futures traded marginally lower on NCDEX as speculators
booked profits after prices gained on improved physical demand from oil
mills and lower acreage in the country. Meanwhile, Soybean prices ticked
up at overseas markets on strong demand, although expectations of near-
record US production kept a lid on the market. The contract for October
delivery was trading at Rs 3080.00, down by 0.29% or Rs 9.00 from its
previous closing of Rs 3089.00. The open interest of the contract stood at
49030 lots. The contract for November delivery was trading at Rs 3101.00,
down by 0.39% or Rs 12.00 from its previous closing of Rs 3113.00. The
open interest of the contract stood at 57100 lots on NCDEX.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER OCT ABOVE 4870 TARGET 4900 4940 4990 SL BELOW 4820 SELL TURMERIC OCT BELOW 7450 TARGET 7420 7380 7330 SL ABOVE 7500
BUY GUARGUM5 OCT ABOVE 8000 TARGET 8030 8070 8120 SL BELOW
7950
Technical Outlook
Agri Commodity Update

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Daily Agri Update
Lovelesh
Sharma
Digitally signed by
Lovelesh Sharma
DN: cn=Lovelesh Sharma
c=IN o=Personal
Reason: I am the author of
this document
Location:
Date: 2017-09-19
20:58+05:30