27-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
-
4977
4895
4891
1 INTRADAY LEVELS
SUPPORT
SUPP.1 4,907
SUPP. 2 4,809
PIVOT 4,958
RESISTANCE RES. 1 5,056
% CHG
VOL
-
-
-
CASTORSEED
Oct
4930
CLOSE
-
-
-
SUPPORT
SUPP. 1
SUPP. 2
-
-
1700
Coriander short term trend is bearish and may continue in coming days.
INTRADAY LEVELS
PIVOT RESISTANC E
RES. 1
RES. 2
-
-
-
-
RES. 2 5,107
GUARGUM 5MT
TURMERIC
Oct
Oct
INTRADAY LEVELS
6640
6746
6606
6652
SUPPORT
SUPP. 1 6,680
SUPP. 2 6,625
PIVOT 6,680
RESISTANCE
RES. 2
-0.39
315
Turmeric short term trend is bearish and may continue in coming days.
9253 SUPPORT INTRADAY LEVELS
9330
9175
9182
SUPP. 1 9289
SUPP. 2 9250
PIVOT 9,296
RES. 1
RES. 2
RESISTANCE
-2
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 % Barley
Value
1762
Pre. Close
% Change
1760.5 0.09
CORIANDER
16-10-2018
4940.00
49.00
1.00%
TOP LOSERS Castor Seed
4672
4681 -0.19
Symbol
TURMERIC
Expiry Date
16-10-2018
Current Price
6626.00
Change
-26.00
Change %
-0.39%
Chana
3972
3962
Agri Commodity Update Commodities In News North and central parts of the India witnessed heavy rainfall in the last few  days which could effect final yield of Paddy in those fields where 'lodging' (bending over of crops) has taken place as the rains was accompanied by strong winds which came at the fag-end of the southwest monsoon season. In Paddy growing areas of Haryana, Punjab and Western Uttar Pradesh, there have been complaints of lodging in some fields and yields might go down in them, especially if the crop is in the harvesting stage, while in those fields where the crop hasn't yet matured enough, there might not be any big damage because the stems are flexible enough to resurrect after flattening. In Central India, Soybean and Pulses crops, too, have been hit but the loss isn't big enough as the showers have been followed by relatively bright sunshine, which has helped in absorbing soil moisture. Apart from Paddy, the standing Cotton crop has also been impacted in Haryana and Punjab.
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 5000 TARGET 5030/5060/5090 SL 4970
BUY GUARGUM5 OCT ABOVE 9330 TARGET 9380/9430/9480 SL 9280
BUY TURMERIC OCT ABOVE 6750 TARGET 6800/68500/6900 SL 6700
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