13-10-2015
COMMODITY
OPEN
CHANA
5117
LOW
CLOSE
5214
5071
5209
4151
4174
4102
4128
RMSEED
4856
4955
4830
4947
SYBEANIDR
3800
3848
3775
3825
11900
16314
16065
16100
DHANIYA
11900
12314
11900
12299
MENTHAOIL
880.70
880.70
860.00
861.90
TURMERIC
8080
CASTORSEED
JEERAUNJHA
HIGH
8226
8064
8110
 Jeera prices settled flat paring gains on profit booking after gaining on the back of pick-up in demand from local traders and overseas enquiries. Exports for 2015-16 show a decline trend compared to last year. Moreover, the prices of jeera at spot market increased due to good domestic demand ahead of festival season. The jeera export from India may be lower due to quality issues and higher prevailing prices. As per Department of commerce data, exports from India in first four months of FY 2015-16 is 31,419 MT.
 Mentha oil settled up due to firming trend at the spot market on pickup in demand against restricted supplies from Chandausi in Uttar Pradesh. Further, expectations of lower production due to lower plantings of the aromatic herb on falling prices in the last two years too added support to Mentha oil prices. Mentha oil production in India is likely to decline by 20% due to lower plantings of the aromatic herb on falling prices in the last two years, too led to the rise in mentha oil prices.
RMSEED TECHNICAL UPDATE NCDEX RMSEED OCT 2015
RESEARCHER VIEW The above Daily chart of RMSEED OCT suggests that prices have reverse after taking resistance level. RSI is a buy mode. We expect prices to correct up to levels of 4900.
SYBEANIDR TECHNICAL UPDATE NCDEX SYBEANIDR OCT 2015
RESEARCHER VIEW
The above Daily chart of SYBEANIDR OCT suggests that prices have reverse after taking resistance level. RSI is in buy mode. We expect prices to correct up to levels of 3890.
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