MONEY CLASSIC RESEARCH AGRI DAILY REPORT 15-04-2015
AGRI COMMODITY UPDATE
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AGRI DAILY REPORT 15-04-2015
DAILY MARKET WRAPUP:
COMMODITY
OPEN
HIGH
LOW
CLOSE
CASTORSEED
3781
3805
3742
3747
DHANIYA
9300
9616
9250
9350
SYOREFIDR
571.80
575.90
571.80
573.55
RMSEED
3598
3666
3582
3665
JEERAUNJHA
16950
17905
16950
17905
CHANA
3868
3942
3853
3912
MENTHAOIL
942.00
972.90
926.40
968.50
SYBEANIDR
3570
3615
3562
3604
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AGRI DAILY REPORT 15-04-2015
COMMODITY NEWS: Turmeric May contract was still positive with 3.23 percent on Monday last trade price noted 8634 at NCDEX India. Expectation is that turmeric may contract bullish for both short term and intraday. Further few days market recovered strongly for turmeric as demand high in the local mandies. Turmeric make positive with demand from north India and export demand expected to rise in coming weeks. Short term support for Turmeric May contract is seen at 7850 and resistance at 8750. Intraday support is seen at 8325 and resistance at 8670. Jeera May contract close with new high 17905 level with 5.98 % on Monday at National Commodity & Derivatives Exchange Limited. Jeera may contract continue bullish trend for lower sowing area in Gujarat and Rajasthan and expected fall in production would likely keep long term Bullish sentiments intact as exports rise in mandis. Jeera May contract is likely to trade bullish for both short term and intraday. Intraday support is at 16900 and resistance at 17935. Chana May contract continue positive noted on last few days. On Monday rose by 1.16 percent to 3912 level at NCDEX. Rising domestic demand possibility of surge in imports in coming weeks could support prices further. Some natural calamities affected the production that supports the price level. Last week profit booking also seen at higher level. Chana May contract is likely to trade bullish for both short term and intraday with intraday support is seen at 3840 and resistance at 3950. WWW.MONEYCLASSICRESEARCH.COM +91-9049-7777-00
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AGRI DAILY REPORT 15-04-2015
CHANA TECHNICAL UPDATE
NCDEX CHANA MAY 2015
Researcher View:-
The above Daily chart of CHANA suggests that prices have reverse after taking support level. RSI is in a buy mode. We expect prices to correct up to levels of 3960.
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AGRI DAILY REPORT 15-04-2015
TURMERIC TECHNICAL UPDATE
NCDEX TURMERIC MAY 2015
Researcher View:-
The above Daily chart of TURMERIC suggests that prices have reverse after taking support level. RSI is in a buy mode. We expect prices to correct up to levels of 8680.
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AGRI DAILY REPORT 15-04-2015
GUARGUM TECHNICAL UPDATE
NCDEX GUARGUM MAY 2015
Researcher View:-
The above Daily chart of GUARGUM suggests that prices have reverse after taking support level. RSI is in a buy mode. We expect prices to correct up to levels of 10600.
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AGRI DAILY REPORT 15-04-2015
DISCLAIMER • The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in commodity trading and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. Money Classic Investment Advisors does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Money Classic Investment Advisors. • MONEY CLASSIC INVESTMENT ADVISORS • WEBSITE- WWW.MONEYCLASSIC RESEARCH.COM • EMAIL- INFO@MONEYCLASSICRESEARCH.COM • CONTACT NO. - (M) 9049777700, (0)0731-4094475
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