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23JULY 2013
MARKET WRAP.
Guar gum and Guar hit lower circuit of 4% % in yesterday trading session NCDEX Chana August contract closed @2824 registering loss of 3.8 % on Monday open: 2934 High: 2935 Low:2822 Close: 2824
Soyabean October contract is down by more than 1% on yesterday trading session.
NCDEX Dhaniya August contract closed down by 2.8 % on Monday. open: 5943 High: 5983 Low: 5743 Close: 5957. NCDEX Castor seed August contract is closed down by 2.5 % on Monday.
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
The trend in Soyabean futures for August delivery is bearish and downward movement is expected in the near term. Resistance: 3125, 3150 Support: 3020, 2990
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: 5750, 5700
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P.CLOSE
LAST CLOSE
DHANIYA (20AUG2013 )
6027.00 5791.00 -236.00 -3.92
JEERA (20AUG2013 )
13650.00 13530.00 -120.00 -0.88
TURMERIC (20AUG2013 )
5914.00 5830.00 -84.00 -1.42
CHANA (20AUG2013 )
2936.00 2824.00 4950.00 -112.00 -200.00 -3.81 -3.88
CASTORSEED (20AUG2013 )
3540.00 3445.00 -95.00 -2.68
RMSEED (20AUG2013 )
3392.00
3362.00
-30.00
-0.88
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TECHNICAL VIEW
Turmeric (AUG.)
`
TREND STRATEGY
RESISTANCE
SUPPORT
DHANIYA (AUG.)
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TREND STRATEGY
RESISTANCE
SUPPORT
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JEERA (AUG.)
TREND STRATEGY
RESISTANCE
SUPPORT
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RESISTANCE SUPPORT
R1:13750 R2:13990 S1: 13440 S2:13330 S1:3410 S2:3380 S1:4860 S2: 4810 S1: 655.50 S2: 651.00 S1:2800 S2: 2765 S1:3335 S2:3280 S1:5390 S2:5290
TREND
CONSOLIDATE
STRATAGEY
BUY ON DIPS
CASTORSEED
August
BEARISH
SELL ON HIGH
GUARSEED
October
CONSOLIDATE
BUY ON DIPS
REFINED OIL
October
BEARISH
SELL ON HIGH
CHANA
August
BEARISH
SELL ON HIGH
RMSEED
August
R1:3410 R2:3450
BEARISH
SELL ON HIGH
CHILLI
August
R1:5690 R2:5800
BULLISH
BUY ON DIPS
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