25-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 5120
5000
5094
-1.85 SUPPORT INTRADAY LEVELS
SUPP.1 5,022
SUPP. 2 4,951
PIVOT 5,071
RESISTANCE RES. 1 5,142
% CHG
VOL
-
-
-
CASTORSEED
-
5095
CLOSE
-
-
-
SUPPORT
SUPP. 1
SUPP. 2
-
-
1700
Coriander short term trend is bearish and may continue in coming days.
PIVOT
INTRADAY LEVELS
RESISTANC E
RES. 2 5,191
RES. 1
RES. 2
-
-
-
-
GUARGUM 5MT
TURMERIC
Oct Oct 6558 INTRADAY LEVELS
SUPPORT
6560
6462
6520
SUPP. 1 6,468
SUPP. 2 6,416
PIVOT 6,514
RESISTANCE RES. 1
RES. 2 6,612
-0.61
315
Turmeric short term trend is bearish and may continue in coming days.
9300 SUPPORT INTRADAY LEVELS
9389
9071
9302
SUPP. 1 9,119
SUPP. 2 8,936
PIVOT 9,254
RES. 1 9,437
RES. 2 9,572
RESISTANCE
-1.41
4210
Guargum Short term trend is bearish and may continue in coming days.
Agri Commodity Update Most Active Contract NCDEX INDICES
Index
TOP GAINERS
Symbol
Expiry Date
Current Price
Change
Change %
Value
Pre. Close
% Change
Barley 1768
1770 -0.11
BARLEY
16-10-2018
1768.00
47.50
2.76% Castor Seed 4724
TOP LOSERS
4758 0.71
Symbol
Expiry Date
Current Price
Change
Change % Chana 3935
JEERA
16-10-2018
18950.00
-1150.00
-5.72%
3947 -0.30
Agri Commodity Update Commodities In News With heavy rains lashing several parts of Punjab over the past couple of  days, Cotton and Paddy farmers are at the receiving end of nature’s turbulence, resulting in heavy crop loss.
Cotton farmers are the worst hit as the rainfall has arrived just when they were close to harvesting what could have been a bumper crop. Incidentally, experts were anticipating a good Cotton crop this year in terms of yield, as weather conditions had remained conducive for it till now. This, despite the fact that the area under Cotton cultivation in Punjab has declined by almost 1 lakh hectares compared to last year. The Cotton had started arriving in the market and the farmers were upbeat, as their produce was already fetching a price of above Rs 5,800 per quintal. Earlier, the government had raised the MSP of Cotton from Rs 4,020 to Rs 5,150 per quintal.
ECONOMIC NEWS
India has impulsed China to drop a years-long restriction on Rapeseed meal imports from the South Asian nation at a gathering with government authorities and feed makers as it aims to boost sales of critical farm goods amid growing US-China trade tensions. China was the biggest buyer of Indian Rapeseed meal until it banned the purchases in late 2011. The meeting was held at India's embassy in Beijing, the aim was to lobby China to resume purchases of Rapeseed meal, a key ingredient in animal feed, and to drum up interest in the country's other major agricultural products. It was a meeting of buyers and sellers, with a session introducing India's exporters followed by one-on-one meetings between importers and exporters.
Agri Commodity Update Technical Outlook
BUY CORIANDER OCT ABOVE 5178 TARGET 5200/5230/5260 SL 5110
BUY GUARGUM5 OCT ABOVE 9350 TARGET 9400/9450/9500 SL 9300
BUY TURMERIC OCT ABOVE 6590 TARGET 6620/6650/6680 SL 6560
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