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23 November 2016
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Market Views
MONT
H
OPEN
HIGH
CLOS
E
LOW
% CHG
VOL
MONT
H
OPEN
HIGH
7800
7920
7800
SUPPORT
SUPP.1
SUPP. 2
7816
7748
7884
PIVOT
INTRADAY
LEVELS
7868
RESISTA
NCE
RES. 1
RES. 2
7936
7988
2.03
580
SUPPORT
SUPP. 1
SUPP. 2
6948
6970
6862
SUPPORT
SUPP.1
SUPP. 2
6844
6799
RES. 1
RES. 2
6952
7015
RES. 1
RES. 2
GUARGUM
6890
6907
RESISTA
NCE
VOL
LEVELS
RESISTA
NCE
PIVOT
INTRADA
Y LEVELS
% CHG
PIVOT
INTRADAY
TURMERIC
APR
CLOS
E
CASTORSEED
CORIANDER
JAN
LOW
-0.55
330
DEC
6209
6210
6004
SUPPORT
SUPP. 1
SUPP. 2
6016
5907
6125
PIVOT
INTRADAY
LEVELS
6113
RESISTA
NCE
RES. 1
RES. 2
6222
6319
-0.73
10235
Expiry Date
Current Price
Change
Change %
CORIANDER
20-12-2016
7885.00
114.00
1.47%
SOY BEAN
20-12-2016
3086.00
8.00
0.26%
BARLEY
20-12-2016
1830.50
0.50
0.03%
Index
Value
Pre.
Close
%
Change
Castorseed
Chana
Coriander
7885
7736
1.93
Guargum5MT
6125
6170
-0.73
TOP LOSERS
Symbol
Expiry Date
Current Price
Change
Change %
WHEAT
20-12-2016
2034.00
-89.00
-4.19%
Jeera
17330
17840
-0.62
20-12-2016
1952.00
-49.00
-2.45%
Mustard seed
4668
4708
-0.85
JEERA
20-12-2016
17730.00
-220.00
-1.23%
Soybean
3144
3140
-0.26
Turmeric
7188
7236
-0.66
MAIZE FEED/INDUSTRIAL
GRADE
20-12-2016
1402.00
-16.00
-1.13%
Commodities In News
Soyabean futures traded higher on NCDEX, supported by higher
prices in international markets on continued signs of strong demand for
the US crop. Soyabean improved further as USDA reported export
inspections of US soybeans in the latest week at more than 2.6 million
tons, topping a range of trade expectations for 1.7 million to 2 million
tons. Furthermore, lower supplies in the physical market as there is
cash as well as supply crunch in all the Agricultural Produce Market
Committees (APMCs) mandis, too attributed rise on soyabean prices at
futures trade here. he contract for December delivery was trading at Rs
3104, up by 0.78% or Rs 24 from its previous closing of Rs 3080. The
open interest of the contract stood at 135730 lots. The contract for
January delivery was trading at Rs 3164, up by 0.76% or Rs 24 from its
previous closing of Rs 3140. The open interest of the contract stood at
53970 lots on NCDEX.
Turmeric futures traded higher on NCDEX as participants built up
fresh positions, driven by uptick in domestic as well export demand in
the spot market. Further, restricted supplies from producing regions
also added support to turmeric prices uptrend. The contract for
December delivery was trading at Rs 7276, up by 0.55% or Rs 40 from
its previous closing of Rs 7236. The open interest of the contract stood
at 7780 lots. The contract for April delivery was trading at Rs 6946, up
by 0.26% or Rs 18 from its previous closing of Rs 6928. The open
interest of the contract stood at 6345 lots on NCDEX.
Jeera futures traded higher on NCDEX due to good buying support
from retailers and stockists at the spot market. Further, expectation of
fresh export enquiries from Bangladesh and China amid restricted
arrivals from growing regions too fuelled the uptrend. The contract for
December delivery was trading at Rs 18040, up by 1.12% or Rs 200
from its previous closing of Rs 17840. The open interest of the contract
stood at 7935 lots. The contract for January delivery was trading at Rs
17740, up by 1.46% or Rs 255 from its previous closing of Rs 17485.
The open interest of the contract stood at 2427 lots on NCDEX.
ECONOMIC NEWS
Sowing of rabi crops like wheat, pulses and oilseeds has not been
affected due to banning of old Rs 500 and Rs 1,000 notes, Agriculture
Minister Radha Mohan Singh today said, ruing that politics is being played
in the name of farmers. "The decision to ban Rs 500 and Rs 1,000 notes
was taken to curb blackmoney and corruption. This is going to directly
benefit farmers and poor people. This decision is being opposed saying it is
affecting farmers and would impact rabi sowing. But the truth is the move
is being opposed for personal interest," Singh said in a statement. Stating
that some people are playing politics in the name of farmers, the minister
said sowing area of wheat, pulses and oilseeds has been higher till
November 18 of this rabi season compared with the year-ago
period. Similarly, area sown to pulses has increased to 74.55 lakh hectares
from 69.98 lakh hectares while oilseeds acreage has gone up to 56.16 lakh
hectares from 48.74 lakh hectares in the said period.
India's crop yields are lower than those in the US, Europe and China and
the government is implementing several schemes to address this issue,
Agriculture Minister Radha Mohan Singh said today. India's crop yields
are lower than those in the US, Europe and China and the government is
implementing several schemes to address this issue, Agriculture Minister
Radha Mohan Singh said today. Large areas being under-rainfed and harsh
environment also accounted for non-realisation of productivity potential of
improved technologies, he said. Singh said that in countries with high
productivity, crops are largely grown in high input management conditions
of long growing period without any stress of moisture and temperature.
Replying to a query that if there was sluggish progress in improving crop
yields, the Minister said the Indian Council of Agricultural Research
(ICAR) is conducting research in 26 commodities, while several schemes
such as National Food Security Mission (NFSM) have been rolled out to
increase production and productivity of agri-crops.
Technical Outlook
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