Daily agri news letter 24 july 2013 By Theequicom Financial Research Pvt. Ltd.

1. 9
Daily Newsletter- AGRI
COMMODITY
24JULY 2013

2. www.TheEquicom.com Page 2
MARKET WRAP.
NCDEX Chana August contract closed @2755 registering loss of 2.58 % on Tuesday
open: 2824 High: 2832 Low:2740 Close: 2755
Jeera Unjha august contract is down by more than 1.5% on today trading session.
NCDEX Dhaniya August contract closed down by .55 % on today.
open:5829 High: 5845 Low: 5667 Close: 5737
Soya refined has lost 1.3%.
NCDEX Castor seed August contract is closed down by 1.85 % on Tuesday.
INTRADAY VIEW.
NCDEX August Chana is going down continuously and making lower lows
however the momentum indicator is making higher low indicating divergence.
There is probability of trend reversal to the upside.
The trend in NCDEX coriander futures for August delivery is negative; however,
further short covering is expected at current levels. For intra-day, support for the
commodity is seen at 5650 while 5825 is the resistance. Traders may sell around
5795 with the stop loss of 5825 for the target of 5650.
The trend in Soyabean futures for August delivery is bearish and downward
movement is expected in the near term. Resistance: 3085, 3106 Support: 3040,
3020
The trend in castor seed futures for August delivery is positive and further up-tick
is expected from current level
NCDEX Turmeric for August delivery may trade negative on Tuesday Resistance:
5900, 5950 Support: 5650, 5610

3. www.TheEquicom.com Page 3
DAILY MARKET UPDATE
COMMODITY P.CLOSE LAST CLOSE NET CHANGE % CHANGE
SOYABEAN (18OCT 2013 )
3078.00 3052.00 -26.00 -0.84
REFINED SOYA OIL (20AUG2013)
664.80 656.10 -8.70 -1.31
DHANIYA (20AUG2013 )
5791.00 5730.00 -61.00 -1.05
JEERA (20AUG2013 )
13530.00 13322.00 -208.00 -1.54
TURMERIC (20AUG2013 )
5830.00 5730.00 -100.00 -1.72
CHANA (20AUG2013 )
2824.00 2755.00 -69.00 -2.44
GUARSEED (18OCT 2013 )
4950.00 4910.00 -40.00 -0.81
GUARGUM (18OCT 2013 )
14040.00 13820.00 -220.00 -1.57
CASTORSEED (20AUG2013 )
3445.00 3442.00 -3.00 -0.09
RMSEED (20AUG2013 )
3362.00 3317.00 -45.00 -1.34

4. www.TheEquicom.com Page 4
TECHNICAL VIEW
Turmeric (AUG.)
`
• BEARISH
• SELL ON HIGH
TREND
STRATEGY
• 5830
• 5980
RESISTANCE
• 5665
• 5511SUPPORT

5. www.TheEquicom.com Page 5
DHANIYA (20 AUG.)
•CONSOLIDATE
•SELL ON HIGH
TREND
STRATEGY
•5970
•6095
RESISTANCE
•5650
•54
SUPPORT

6. www.TheEquicom.com Page 6
JEERA (AUG.)
•CONSOLIDATE
•BUY ON DIPS
TREND
STRATEGY
•13620
•13670
RESISTANCE
•13430
•13310
SUPPORT

7. www.TheEquicom.com Page 7
COMMODITY CONTRACT RESISTANCE SUPPORT TREND STRATAGEY
JEERA UNJHA August R1:13750
R2:13990
S1: 13150
S2:13050
CONSOLIDATE BUY ON DIPS
CASTORSEED August R1:3505
R2: 3655
S1:3410
S2:3380
BEARISH SELL ON HIGH
GUARSEED October R1: 5335
R2: 5465
S1:4860
S2: 4810
CONSOLIDATE BUY ON DIPS
REFINED OIL October R1: 676.00
R2:683.00
S1: 651.00
S2: 645.00
BEARISH SELL ON HIGH
CHANA August R1: 3155
R2: 3190
S1:2720
S2: 2630
BEARISH SELL ON HIGH
RMSEED August R1:3410
R2:3450
S1:3305
S2:3280
BEARISH SELL ON HIGH
CHILLI August R1:5690
R2:5800
S1:5390
S2:5290
BULLISH BUY ON DIPS

8. www.TheEquicom.com Page 8
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