14-Sep-2018 Agri Commodity Update
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Agri Commodity Update Market Views MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CORIANDER
Oct
SUPPORT
5280 SUPP.1 5,110
5150
5208
PIVOT 5,195 RESISTANCE
RES. 5,240
1.84
-
-
-
SUPPORT
SUPP. 1
SUPP. 2
-
-
RES. 2 5,325
Coriander short term trend is bearish and may continue in coming days.
SUPPORT
SUPP. 1
6,660.66
INTRADAY LEVELS
RESISTANCE
RES. 1 6,720.66
6650
RESISTANC E
6696
-0.54
315
-
RES. 1
RES. 2
-
-
-
-
Oct 9288
SUPP. 2 6,625.33
RES. 2 6,745.33
-
GUARGUM 5MT
Oct 6710
-
PIVOT
INTRADAY LEVELS
TURMERIC
6684
VOL
1700
SUPP. 2 5,065
INTRADAY LEVELS
% CHG
CASTORSEED
5160
CLOSE
SUPPORT
Turmeric short term trend PIVOT is bearish and may 6,685.33 continue in coming days.
9358
9225
SUPP. 1 9,197.33
SUPP. 2 9,144.66
9250
1.05
4210
Guargum Short term
PIVOT trend is bearish and may 9,277.66
INTRADAY LEVELS
RESISTANCE
RES. 1 9,330.33
RES. 2 9,410.66
continue in coming days.
Agri Commodity Update Most Active Contract NCDEX INDICES
TOP GAINERS Index Symbol
Expiry Date
Current Price
Change
Change %
JEERA
CHANA
CORIANDER
GUAR SEED 10 MT
GUAR GUM 5 MT
16-10-2018
4077.00
16-10-2018
16-10-2018
5250.00
19-09-2018
4336.50
16-10-2018
9347.00
107.00
7.00
14.00
1.00
10.00
REF SOYA OIL Symbol
19-09-2018 Expiry Date
5.80 Change
Pre. Close
% Change
1621.5
1692
-0.03
2.65% Castor Seed
4633
4603
Chana
3941
3873
Coriander
4835
4718
2.48
Cotton Seed Oilcae
1670
1677
-0.42
Guar Seed 10 MT
4336.50
4279
1.34
Jeera
19605
19225
1.98
0.65
0.52% 1.76
0.46%
0.05%
0.95%
TOP LOSERS 4258.00 Current Price
Barley 20070.00
Value
0.78% Change %
Agri Commodity Update Commodities In News Lower food prices eased India's August retail inflation to 3.69 per cent  from 4.17 per cent in July, as per official data.
However, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in August 2018 was higher than in the corresponding period last year when it stood at 3.28 per cent. According to the data furnished by the Central Statistics Office (CSO), the Consumer Food Price Index (CFPI) rose 0.29 per cent in August from 1.30 per cent in July 2018. In contrast, deflation in the cost of vegetables, Pulses and Sugar capped the overall food prices. On a sub-category basis, vegetables' prices reduced on YoY basis in August became by -7 per cent. On the other hand, the category of Pulses and products became cheaper by -7.76 per cent and that of Sugar and confectionery by -5.45 per cent. The sub-category of food and beverages during the month under consideration recorded a rise of 0.85 per cent over the same period last year.
ECONOMIC NEWS Total area under Kharif cultivation stands at 1023 lakh hectare (lh) as compared to 1,027 lh covered during the corresponding week last year, recording a marginal drop of 0.41%, according to a latest update from Agri Ministry. Rice planting was completed on 370 lh as against 368 lh covered in same period in the previous year - up slightly by 0.57% on the year. Acreage under oilseeds stood at 171.30 lh, up 2.51% with strong gains in Soybeans. The acreage under the commodity rose by 6.24% to 111.76 lh. Groundnut area dropped by 1.71% to 39.14 lh. Total acreage under coarse cereals dropped 3.85% to 172.31 lh. Maize acreage was almost flat at 77.83 lh. Pulses area also dropped 2.55% to 132.66 lh with Urad acreage sliding by a sharp 12.80% to 37.57 lh. Sugarcane acreage soared 4.17% to 52 lh. Cotton acreage dropped 1.85% to 117.66 lh. Technically Soyabean market is under fresh selling as market has witnessed gain in open interest by 2.52% to settled at 57870 while prices down 4 rupees. Now NCDEX Soyabean is getting support at 3198 and below same could see a test of 3174 level, And resistance is now likely to be seen at 3244, a move above could see prices testing 3266. Soyabean on NCDEX settled down 0.12% at 3222 on forecast of beneficial rains in central India which will enhance soybean production. Prices also dropped in view of bumper crop during 2018-19 on the back of higher sowing and favourable weather conditions.
Agri Commodity Update Technical Outlook
BUY CORIANDER OCT ABOVE 5280 TARGET 5310/5340/5370 SL 5250
BUY TURMERIC OCT ABOVE 6710 TARGET 6740/6770/6800 SL 6680
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