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Market Update: Soybean and Commodity Trends

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7 views10 pages

Market Update: Soybean and Commodity Trends

Uploaded by

api-234732356
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

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Soybean Volatile week ends in red

21 AUG. 2014
Analyst speaks:-
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1.85

















MARKET WRAP

NCDEX Dhaniya up by 2.62% on strong demand:-NCDEX
Dhaniya October contract is up by 2.62% on Wednesday.

NCDEX Soy Refined Oil down by 1.68% on weak demand: -
NCDEX Soy Refined Oil Setember contract closed down and
registering loss of 1.68% on Wednesday
Open:631.60,High:634,Low:618, Close:622,

NCDEX Turmeric : - NCDEX Turmeric September contract is
closed down by 0.% on Wednesday.

NCDEX Guarseed :-NCDEX Guarseed September contract
closed@5990 up by 2.74% on Wednessday.
Open:6000,High:6000,Low:5800, Close:5830.

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COMMODITY [Link] LAST CLOSE NET CHANGE % CHANGE
SOYABEAN (20 OCT.2014)
3421.00 3388.00 -33.00 -0.96
REFINED SOYA OIL (19 Sep.2014)
634.60 622.00 -12.60 -1.99
DHANIYA (19 Sep.2014)
11722.00 12022.00 300.00 2.56
JEERA (19 Sep.2014)
11345.00 11295.00 -50.00 -0.44
TURMERIC (19 Sep.2014)
6634.00 6570.00 -64.00 -0.96
CHANA (19 Sep.2014)
2980.00 2974.00 -6.00 -0.20
GUARSEED (20 Sep.2014)
5840.00 5995.00 155.00 2.65
GUARGUM (20 Sep.2014)
16320.00 16930.00 610.00 3.74
CASTORSEED(19 Sep.2014)
4218.00 4225.00 7.00 0.17
RMSEED (19 Sep.2014)
3421.00 3429.00 8.00 0.23
DAILY MARKET UPDATE
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INTRADAY VIEW
NCDEX Soybean(Oct.): The trend in Soybean futures for October
delivery is consolidate and downside movement is expected in the
near term. Resistance:3490,3540
Support: 3340, 3300.

Castorseed (Sep.):- Castorseed Sep. contract may trade
positive on next trading session.
Resistance:4295,4325. Support: 4180, 4155.

NCDEX Dhaniya (Sep.):- NCDEX Dhaniya looking for intraday will
be sideways to bearish. NCDEX Dhaniya for June contract Sep. trade
negative on next trading session. Resistance: 11590, 12695 Support:
11100, 11020

NCDEX Turmeric: Turmeric Sep. Trend for intraday will be Sideways
to bullish.

NCDEX Chana (Sep.):- Technically, the trend in NCDEX Chana
Sep. delivery looks negative and further downside is expected
from current levels.

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SOYABEAN (20 Oct.)
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CONSOLIDATE
SELL ON HIGH
TREND
STRATEGY
3590
3335
RESISTANCE
3400
3365
SUPPORT
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Turmeric (19 Sep.)
















CONSOLIDATE
BUY ON DIPS
TREND
STRATEGY
6780
6840
RESISTANCE
6335
6230 SUPPORT
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CHANA (19 Sep.)






















BEARISH
SELL ON HIGH
TREND
STRATEGY
2995
3030
RESISTANCE
2850
2805
SUPPORT
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Refined soya oil (19 Sep.)






















CONSOLIDATE
SELL ON HIGH
TREND
STRATEGY
651
662
RESISTANCE
630
621
SUPPORT
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SUPPORT RESISTANCE

COMMODITY CONTRACT RESISTANCE SUPPORT TREND STRATAGEY
JEERA UNJHA Sep. R1:11510
R2:11685
S1:11100
S2:11050
CONSOLIDATE BUY ON DIPS
CASTORSEED Sep. R1:4380
R2:4395
S1:4100
S2:4080
CONSOLIDATE BUY ON DIPS
GUARSEED Aug. R1: 6220
R2: 6380
S1:5200
S2:5135
CONSOLIDATE SELL ON
HIGH
REFINED OIL Sep. R1: 632.00
R2: 648.00
S1: 615.00
S2: 617.00
CONSOLIDATE SELL ON
HIGH
CHANA Sep. R1: 2990
R2: 3055
S1:2750
S2:2715
CONSOLIDATE SELL ON
HIGH
RMSEED Sep. R1:3745
R2:3865
S1:3240
S2:3210
CONSOLIDATE BUY ON DIPS
TURMERIC Sep. R1:6760
R2:6860
S1:6140
S2:6095
CONSOLIDATE BUY ON DIPS
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