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03 MAR.2014
Analyst speaks:Oil and Oil Seed price higher On high buying activity
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MARKET WRAP
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1.85
NCDEX Chana up by 1.48% on strong demand:- NCDEX Chana April contract closed up on Friday and registering profit of 1.48% Open:3141,High:3211,Low:3141 ,Close:3164. NCDEX Catorseed down by 1.65% on Weak demand:-NCDEX Castorseed March contract is closed down by 1.65% on Friday. NCDEX RMseed: - NCDEX RMseed March contract is closed up by 1.51% on Friday.
NCDEX Turmeric: - NCDEX Turmeric April contract closed
@6910 down by 1% on Friday. Open: 6990, High: 7090, Low: 6852 Close: 6910.
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DAILY MARKET UPDATE
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COMMODITY
[Link]
LAST CLOSE
NET CHANGE % CHANGE
SOYABEAN (20 Mar.2013)
4193.00
4169.00
-24.00
-0.57
REFINED SOYA OIL (20 Mar.2013)
717.45
717.40
-0.05
-0.01
DHANIYA (18 Apr.2013)
9304.00
9386.00
82.00
0.88
JEERA (20 Mar.2013)
11542.00
11500.00
-42.00
-0.36
TURMERIC (18 Apr.2013)
6980.00
6910.00
-70.00
-1.00
CHANA (20 Feb.2013)
3118.00
3164.00
46.00
1.48
GUARSEED (20 Mar.2013)
4720.00
4655.00
-65.00
-1.38
GUARGUM (20 Mar.2013)
12920.00
12730.00
-190.00
-1.47
CASTORSEED(20 Mar.2013)
4188.00
4119.00
-69.00
-1.65
RMSEED (18 Apr.2013)
3460.00
3512.00
52.00
1.50
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INTRADAY VIEW
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Soybean (Mar.) and Soy Oil (Mar.):- soybean and soy oil futures are exhibiting negative sentiments due to profit booking at higher levels. However, both commodities are expected to remain positive for near term by marriage season demand, according to our analyst at TheEquicom.
Chana (Apr.)- Technically, the trend in NCDEX Chana April delivery looks positive and further upside is expected from current levels. Resistance: 3240.3285 Support: 2975, 2925.
NCDEX Dhaniya (Apr.):-NCDEX Dhaniya for April contract may trade positive on next trading session. Resistance: 9585, 9650 Support: 9040, 8920. NCDEX April Turmeric :-NCDEX April Turmeric prices has been trading in bullish trend .On weekly chart prices has formed Bearish Engulfing formation which is leaving some negative signs, however , this week closing will confirm the trend reversal
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TECHNICAL OUTLOOK `
SOYABEAN (20 Mar.)
TREND STRATEGY RESISTANCE
CONSOLIDATE BUY ON DIPS
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4225 4270 3925 3885
SUPPORT
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Turmeric (18 April.)
TREND STRATEGY RESISTANCE SUPPORT
CONSOLIDATE SELL ON HIGH 7095 7240 6620 6575
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CHANA (18 April.)
TREND STRATEGY
CONSOLIDATE BUY ON DIPS 3195 3245 2975 2925
RESISTANCE
SUPPORT
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Refined soya oil (20 Mar.)
TREND STRATEGY RESISTANCE
CONSOLIDATE BUY ON DIPS 722 726 671 664
SUPPORT
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SUPPORT RESISTANCE
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COMMODITY JEERA UNJHA
CONTRACT March
RESISTANCE R1:13810 R2:13985
SUPPORT S1:11280 S2:11150 S1:4020 S2:2980 S1:4000 S2:3935
TREND BEARISH
STRATAGEY SELL ON HIGH
CASTORSEED
March
R1:4930 R2:4995
CONSOLIDATE BUY ON DIPS
GUARSEED
March
R1: 5520 R2: 5580
CONSOLIDATE BUY ON DIPS
REFINED OIL
March
R1: 722.00 R2: 726.00
S1: 685.00 CONSOLIDATE BUY ON DIPS S2: 681.00
CHANA
April
R1: 3195 R2: 3245
S1:2960 S2:2885 S1:3240 S2:3210 S1:6145 S2:6095
CONSOLIDATE SELL ON HIGH
RMSEED
April
R1:3545 R2:3665
CONSOLIDATE BUY ON DIPS
TURMERIC
April
R1:7560 R2:7760
CONSOLIDATE BUY ON DIPS
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Disclaimer
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