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2. NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
JEERA FUTURE
Jeera prices traded with a negative bias due to selling pressure as higher supplies are seen entering the spot markets. As
per market source, farmers are offloading ample stocks on expectation of higher returns for their produce, as prices rose
sharply in recent sessions. Conversely, prospects of rise in export demand amid drop in this year's jeera production in
Syria and Turkey may boost India's exports..
TURMERIC FUTURE
Improved Monsoon prospects over the growing states of AP and TN along with profit booking at the higher levels brought
some corrections to the rising rates for Turmeric. Adverse Monsoon had been affecting the sowing of the crop in AP and
Tamil Nadu for last few days. An expected revival of Monsoon in the coming week could be beneficial for the sowing of the
crop and could put a cap on the rising rates.
CARDAMOM FUTURE
Cardamom futures are expected to trade higher due to concerns over fall in production in major cardamom producing
areas in India. As per market source, the cardamom auction is suspended for week from Tuesday. According to the
updates from the Spices Board of India, arrivals in the auction till the last day of June 2014, were estimated at 21190
tonnes, up almost by 48 percent over last year and average rate lower by 11.50 percent to Rs 641 a kg.
CORIANDER FUTURE
Coriander futures are expected to trade higher on concerns over crop output in major producers Bulgaria and Romania
due to unfavorable weather. Projected decline in coriander production in India compared to last year too pushed up
coriander prices. The Forward Markets Commission has approved modification of basis quote to exclude sales tax and
value-added tax (VAT) from coriander futures on the National Commodity and Derivatives Exchange.
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NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
Dhaniya july daily chart trend is bullish, Momentum Indicator RSI is in overbought zone, expecting price may go up
Immediate support @ 10985 & Immediate resistance @ 11160.
R1-9629 R2-11261 PP-11098 S1-11041 S2-10935
TRADING STRATEGY:
BUY DHANIYA JUL ABOVE 11160 TGTS 11190,11240 SL 11110
SELL DHANIYA JUL BELOW 10985 TGTS 10955,10905 SL 11035
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4. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
Guarseed daily chart, Price bounce from support level, expecting from here onwards guarseed price may go UP
Momentum indicators RSI is above mid range. In intraday basis immediate support @ 5515 & immediate resistance @ 5645.
R1-5375 R2-5805 PP-5600 S1-5470 S2-5395
TRADING STRATEGY:
BUY GUARSEED JUL ABOVE 5630 TGTS 5660,5710 SL 5580
SELL GUARSEED JUL BELOW 5515 TGTS 5485,5435 SL 5555
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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