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MONEY CLASSIC RESEARCH AGRI DAILY REPORT 16-04-2015

AGRI COMMODITY UPDATE

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AGRI DAILY REPORT 16-04-2015

DAILY MARKET WRAPUP:

COMMODITY

OPEN

HIGH

LOW

CLOSE

CASTORSEED

3755

3777

3714

3724

DHANIYA

9325

9460

9165

9295

SYOREFIDR

576.35

580.90

575.65

578.40

RMSEED

3685

3723

3675

3700

JEERAUNJHA

17930

18190

17520

17575

CHANA

3943

4043

3943

4016

MENTHAOIL

982.00

1007.20

981.60

1007.20

SYBEANIDR

3614

3712

3614

3698

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AGRI DAILY REPORT 16-04-2015

COMMODITY NEWS:  Rates shot up for Turmeric as domestic and export demand started rising in mandis amidst falling arrivals. Firmness in other Spices too supported the Turmeric rates as North Indian Festive season demand rose. Poor quality stocks had kept pressure on prices.

Turmeric May contract was inching fall by 1.32 per cent to 8504 level on Wednesday at NCDEX. Short term support for Turmeric May contract is seen at 8400 and resistance at 9200. Intraday support is seen at 8465 and resistance at 8860.  The bullish momentum in Jeera futures is likely to continue. Jeera May contract was trading fall by 1.84% to 17575 levels on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX). The production this season is expected to be much lower than that due to untimely rainfall in major producing centers of Gujarat and Rajasthan. Short term support for jeera may at 17200 and resistance at 18500. For intraday support is at 17400 and resistance at 18250.  Chana continued to trade firm as rising domestic demand supported the prices. Reports of lower production along with crop damage prospects supported the prices further. NCDEX Chana May contract rose 2.58% to 4016 level on Wednesday. Chana May contract is likely to trade bullish for both short term and intraday with short term support at 3900 and resistance at 4100.

Intraday support is seen at 3930 and resistance at 4058.

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AGRI DAILY REPORT 16-04-2015

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 4060.

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AGRI DAILY REPORT 16-04-2015

RMSEED TECHNICAL UPDATE

NCDEX RMSEED MAY 2015

Researcher View:-

The above Daily chart of RMSEED suggests that prices have reverse after taking support level. RSI is in a buy mode. We expect prices to correct up to levels of 3740.

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AGRI DAILY REPORT 16-04-2015

MENTHAOIL TECHNICAL UPDATE

NCDEX MENTHAOIL MAY 2015

Researcher View:-

The above Daily chart of MENTHAOIL suggests that prices have reverse after taking support level. RSI is in a buy mode. We expect prices to correct up to levels of 1025.

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AGRI DAILY REPORT 16-04-2015

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.

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