26-06-2015
COMMODITY
OPEN
CASTORSEED
3978
DHANIYA
LOW
CLOSE
4055
3971
4017
12018
12167
11870
12120
TURMERIC
7120
7150
6838
6966
RMSEED
4097
4136
4088
4123
JEERAUNJHA
16080
16290
15830
16115
CHANA
4177
4227
4144
4158
1093.00
1114.70
1093.40
1097.00
3472
3433
3442
MENTHAOIL SYBEANIDR
3455
HIGH
 There will not be any direct impact of Monsoon progress on Jeera as sowing is far away for the commodity. However it may affect the market sentiments to some extent depending on the arrival and the progress of Monsoon towards the growing states of Gujarat and Rajasthan. Low demand was noted as traders waited for some more dips before initiating fresh demand in the mandis. Short term trend looks slight weak as Monsoon sets in over Gujarat and Rajasthan in coming weeks. Overall trend looks firm in long term though, based on lower production reports.  Chana settled up by 1.38% at 4174 on account of good demand at the spot market. Besides, restricted arrivals of the commodity in the physical market due to lower estimated output also increased the prices. However, the above normal progress of monsoon in the country weighed on the prices of Chana. Rajasthan Govt imposing stock limit on Pulses had a further bearish impact on the falling prices. Effective 7th July to 30th Nov, the limit for wholesalers is 2500 Q for 45 days and for retailers: 250 Q.
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 4090.
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 15600.
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