19-11-2015
COMMODITY
OPEN
CHANA
5075
LOW
CLOSE
5121
5075
5094
4220
4239
4193
4205
RMSEED
4919
4957
4873
4895
SYBEANIDR
3970
4020
3963
3970
JEERAUNJHA
15735
15880
15455
15785
10540
10870
10381
CASTORSEED
DHANIYA MENTHAOIL
890.40
TURMERIC
9870
HIGH
10530
922.80
890.40
821.00
9970
9770
9900
 Mentha oil settled down on the back of sluggish demand from consuming industries at spot markets. Further, ample stocks position in the physical market on higher supplies from Chandausi in Uttar Pradesh, too put pressure on 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.  Soyabean settled up on speculation of lower supply in local market and on higher demand in export market. The Soybean Processors Association of India said in its second advance estimates reported that India's total soybean production in 2015 is estimated to fall by 16.09% due to scanty monsoon. Total 2015 soybean production is estimated to be 7.3 million tons compared to 8.7 million tons a year ago, SOPA said.
MENTHAOIL TECHNICAL UPDATE NCDEX MENTHAOIL NOV 2015
RESEARCHER VIEW The above Daily chart of MENTHAOIL NOV suggests that prices have reverse after taking resistance level. RSI is a buy mode. We expect prices to correct up to levels of 930.
SYBEANDIR DEC TECHNICAL UPDATE NCDEX SYBEANIDR DEC 2015
RESEARCHER VIEW
The above Daily chart of SYBEANIDR DEC suggests that prices have reverse after taking resistance level. RSI is in SELL mode. We expect prices to correct up to levels of 3930.
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