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13-07-2015
COMMODITY OPEN HIGH LOW CLOSE
CASTORSEED 4018 4043 4001 4009
DHANIYA 12111 12217 11700 11730
TURMERIC 7500 7610 7456 7510
RMSEED 4195 4229 4181 4207
JEERAUNJHA 16480 16620 16330 16415
MENTHAOIL 1022.30 1037.20 1014.00 1034.30
SYBEANIDR 3524 3540 3492 3506
CHANA 4486 4592 4486 4512
 Soyabean settled up by support at lower level and on supply
concerns from United States. Prices of the bean were
supported after the United States Department of Agriculture
(USDA) forecast smaller-than-expected supplies at the
beginning of this month, estimating inventories at 625
million bushels compared to expectation of 674 million
bushels. The USDA estimated farmers will plant 85.139
million acres of Soybeans this year, compared to consensus
expectation of 85.187 million acres area.
 Mustard Seed settled up tracking firmness in spot demand
amid short covering and firmness in export demand.
However upside seen limited due to steady sowing progress
of kharif oilseeds so far in the current year along with
sluggish demand of Mustard meal in local mandies. As per
latest data release by government , the area under major
kharif oilseed has been increased by almost 403% as on 3rd
July to reach 74.13 lakh hectares due to early sowing of
major oilseeds.
CHANA TECHNICAL UPDATE
NCDEX JEERA AUG 2015
RESEARCHER VIEW
The above Daily chart of JEERA suggests that prices have reverse after
taking resistance level. RSI is in a BUY mode. We expect prices to correct
up to levels of 16700.
JEERA TECHNICAL UPDATE
NCDEX SYBEANIDR AUG 2015
RESEARCHER VIEW
The above Daily chart of SYBEANIDR suggests that prices have reverse
after taking resistance level. RSI is in a BUY mode. We expect prices to
correct up to levels of 3560.
• The information contained here was gathered from sources deemed
reliable however; no claim is made as to accuracy or content. This does
not contain specific recommendations to buy or sell at particular prices
or time, nor should any examples presented be deemed as such. There is
a risk of loss in commodity trading and you should carefully consider
your financial position before making a trade. This is not, nor is it
intended, to be a complete study of chart patterns or technical analysis
and should not be deemed as such. Money Classic Investment Advisors
does not guarantee that such information is accurate or complete and it
should not be relied upon as such. Any opinions expressed reflect
judgments at this date and are subject to change without notice. For use
at the sole discretion of the investor without any liability on Money
Classic Investment Advisors.
• MONEY CLASSIC INVESTMENT ADVISORS
• WEBSITE- WWW.MONEYCLASSIC RESEARCH.COM
• EMAIL- INFO@MONEYCLASSICRESEARCH.COM
• CONTACT NO. - (M) 9049777700

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Daily agri reports

  • 2. COMMODITY OPEN HIGH LOW CLOSE CASTORSEED 4018 4043 4001 4009 DHANIYA 12111 12217 11700 11730 TURMERIC 7500 7610 7456 7510 RMSEED 4195 4229 4181 4207 JEERAUNJHA 16480 16620 16330 16415 MENTHAOIL 1022.30 1037.20 1014.00 1034.30 SYBEANIDR 3524 3540 3492 3506 CHANA 4486 4592 4486 4512
  • 3.  Soyabean settled up by support at lower level and on supply concerns from United States. Prices of the bean were supported after the United States Department of Agriculture (USDA) forecast smaller-than-expected supplies at the beginning of this month, estimating inventories at 625 million bushels compared to expectation of 674 million bushels. The USDA estimated farmers will plant 85.139 million acres of Soybeans this year, compared to consensus expectation of 85.187 million acres area.  Mustard Seed settled up tracking firmness in spot demand amid short covering and firmness in export demand. However upside seen limited due to steady sowing progress of kharif oilseeds so far in the current year along with sluggish demand of Mustard meal in local mandies. As per latest data release by government , the area under major kharif oilseed has been increased by almost 403% as on 3rd July to reach 74.13 lakh hectares due to early sowing of major oilseeds.
  • 4. CHANA TECHNICAL UPDATE NCDEX JEERA AUG 2015 RESEARCHER VIEW The above Daily chart of JEERA suggests that prices have reverse after taking resistance level. RSI is in a BUY mode. We expect prices to correct up to levels of 16700.
  • 5. JEERA TECHNICAL UPDATE NCDEX SYBEANIDR AUG 2015 RESEARCHER VIEW The above Daily chart of SYBEANIDR suggests that prices have reverse after taking resistance level. RSI is in a BUY mode. We expect prices to correct up to levels of 3560.
  • 6. • The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in commodity trading and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. Money Classic Investment Advisors does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Money Classic Investment Advisors. • MONEY CLASSIC INVESTMENT ADVISORS • WEBSITE- WWW.MONEYCLASSIC RESEARCH.COM • EMAIL- INFO@MONEYCLASSICRESEARCH.COM • CONTACT NO. - (M) 9049777700