22-06-2015
COMMODITY
OPEN
CASTORSEED
4049
DHANIYA TURMERIC
LOW
CLOSE
4090
3893
3992
11976
12210
11819
11900
7340
7390
7078
7108
4120
4137
4051
4073
JEERAUNJHA
16250
16345
15820
15910
CHANA
4361
4370
4216
4238
1124.90
1166.00
1100.30
1116.00
3595
3488
3506
RMSEED
MENTHAOIL SYBEANIDR
3565
HIGH
 Mustard Seed settled down by 1.16% at 4073 tracking weakness in spot demand amid weak export demand. For 2014-15 season as govt has reduced the production estimates by over 6 lakh tonnes in its 3rd advance estimate compared to its earlier estimates to 67.6 lakh tonnes and forecast of poor monsoon. About 17.77 lakh hectare (lh) Mustard crop has been damaged in the Rajasthan, Haryana and Uttar Pradesh which is about 25 % of the area planted in 2014-15. Domestic production is projected at 5.74 mt, down 12% on lower area according to Solvent Extractors' Association of India (SEA).  Chana settled down by 3.26% at 4238 due to news of pulses import from other countries and government raids in many trading stations. The arrivals in Delhi reported at 25 trucks as compared to 35 trucks average in the previous week. India's 2014-15 total Chana output is at 7.59 million tons as compared to 9.93 million tons a year ago due to lower sowing and untimely rains. Domestic Chana prices rose to Rs 4,885 per quintal due to lower output estimates.
CHANA TECHNICAL UPDATE NCDEX CHANA JULY 2015
RESEARCHER VIEW The above Daily chart of CHANA suggests that prices have reverse after taking resistance level. RSI is in a Sell mode. We expect prices to correct up to levels of 4179.
JEERA TECHNICAL UPDATE NCDEX JEERA JULY 2015
RESEARCHER VIEW The above Daily chart of JEERA suggests that prices have reverse after taking resistance level. RSI is in a Sell mode. We expect prices to correct up to levels of 15500.
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