Money Maker Research Pvt. Ltd.
Daily Agri Newsletter 10 FEBRUARY 2016
www.moneymakerfinancial.com An ISO 9001-2008 Company
HEADLINES j
Soybean prices range bound due to steady demand
RM seed prices gain on tight supply in the spot market
Chana prices gain on lower production of cereals and pulses
In NCDEX, Soybean March futures, yesterday opened on a negative note and traded down for most part of the day. The prices closed negatively witnessing profit booking and taking bearish cues from the spot market. Soybean future prices closed the day at Rs. 3775 per quintal, with posting a loss of 0.24% from its previous close. Sell on high recommended for the today’s trading session. RM Seed April futures at NCDEX platform yesterday opened on a negative note and traded up for most part of the day. The prices closed higher on moderate increase in buying in the domestic market amid moderate decline in arrivals. RM seed future prices closed the day at Rs. 3933 per quintal, with marginal gain of 1.63% from its previous close. Buy on dips recommended for the today’s trading session.
During yesterday’s trading session NCDEX Chana April opened positive and traded upside during most part of the day and also ended the day upside. NCDEX Chana April futures ended the day at Rs. 4289 per quintal which is 1.20% up against the previous day. This year there is expectation of very minimal decline in production of cereals and pulses. NCDEX Chana futures are expected to trade within a range during today’s trading session.
P I V O T TA B L E % CHANGE CHANGE PIV O T R2 TAR1B L S1E
SCRIP
CLOSE
S2
STRATEGY
MENTHA OIL (FEB.)
908.4
-12.1
-1.31
936
921
894
882
SELL ON HIGH
SUGARM (MAR.)
3074
20
0.65
3124
3099
3054
3029
SELL ON HIGH
SOYBEAN (MAR.)
3775
-9
-0.24
3850
3805
3740
3715
SELL ON HIGH
CHANA (APR.)
4289
51
1.2
4364
4319
4254
4229
BUY ON DIPS
GUARSEED (MAR.)
3060
-2
-0.07
3195
3120
2985
2900
SELL ON HIGH
RMSEED (APR.)
3933
63
1.63
4053
3983
3873
3793
BUY ON DIPS
DHANIYA (APR.)
6516
112
1.75
6826
6646
6366
6166
BUY ON DIPS
JEERA (APR.)
14260
280
2
14690
14440
14110
13860
BUY ON DIPS
TURMERIC (APR.)
8930
284
3.28
9120
8990
8850
8710
SELL ON HIGH
CHARTIST
PICK
BUY JEERA APR ABOVE 14000 AND MAINTAIN STOP LOSS BELOW 13800. WE CAN SEE THE TARGETS AROUND 14150/14300
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