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Please refer to disclaimer at the end of the report.
Commodity Exchange Expiry Price %
Change
Chana NCDEX April 3865 -0.72%
Turmeric NCDEX April 8118 2.45%
Jeera NCDEX April 16840 2.90%
Soyabean NCDEX April 3574 -0.22%
Soyoil NCDEX April 602.5 -0.39%
R M Seed NCDEX April 3570 -0.08%
CPO MCX April 435.2 -0.78%
Sugar NCDEX April 2492 0.00%
Wheat NCDEX April 1440 -1.23%
Mentha Oil MCX April 914.2 2.96%
Castor Seed NCDEX April 3634 -0.30%
Market Overview
� Rapeseed futures fell on Thursday on profit-
taking as fears of crop damage due to untimely
rains eased with clear skies over the growing
belt in the northern regions.
� Local soybean futures ended on a weak note on
correction in the absence of any trigger in spot
markets.
� Soyoil traded weak taking cues from rival palm
oil in Malaysia with increased fears that supplies
would exceed lackluster demand.
� Sugar fell on profit-taking after the previous
session's buying support amid reports of a likely
export incentive to the refined variant.
� Jeera ended higher on worries about lower
output due to untimely rains, and on export
demand. Turmeric ended higher on fears of crop
damage due to rains in the southern region.
� Chana ended lower on profit-taking.
� Guar seed futures ended up on crop damage
fears due to unseasonal rains in the producing
belt of the northern region.
Friday, April 10, 2015
Chart of the Day: Guar seed
�� Our bias for NCDEX Guar Seed (May) continues to
remains positive with short term targets towards
Rs.4650 – 5010. Immediate support is at Rs.4230
whereas critical support remains at Rs.4035. Dip
buying is advised as long as price holds above
supports zone.
��
2
Level Playing Sheet
Commodity Exch. Expiry Close S2 S1 Pivot R1 R2 Trend Conviction Intraday Range
Jeera NCDEX April 16840 15733 16287 16783 17337 17833 Bullish Moderate 16535 - 17585
Chana NCDEX April 3865 3752 3809 3898 3955 4044 Bullish Moderate 3781 - 3927
Soybean NCDEX April 3574 3541 3558 3577 3594 3613 Bullish Moderate 3568 - 3604
Soyoil NCDEX April 603 594.2 598.3 601.9 606.1 609.7 Bullish Moderate 596.3 - 604
R M Seed NCDEX April 3570 3515 3543 3581 3609 3647 Bullish Moderate 3529 - 3595
CPO MCX April 435.2 431.2 433.2 435.1 437.1 439.0 Bearish Moderate 432 - 436
Sugar NCDEX April 2492 2468.7 2480.3 2501.7 2513.3 2534.7 Strong Moderate 2475 - 2508
Wheat NCDEX April 1440 1501 1471 1520 1490 1539 Flat Moderate 1486 - 1505
Mentha Oil MCX April 914 876 895 906 926 937 Bullish Moderate 901 - 931
Castor
Seed NCDEX April 3634.0 3576 3605 3637 3666 3698 Bearish Moderate 3591 - 3652
Coriander NCDEX April 9370 8992.7 9181.3 9379.7 9568.3 9766.7 Bullish Moderate 9281 - 9668
For any details contact: Commodities Advisory Desk - +91 22 3958 3600 [email protected]
Disclaimer:
This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. Motilal Oswal Commodities Broker Private Limited (hereinafter referred as MOCBPL) is not soliciting any action based upon it. This report is not for public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any form. The report is based upon information from publicly available data or other sources believed to be reliable, but we do not represent that it is accurate or complete, and it should not be relied upon such. MOCBPL or any of its affiliates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. MOCBPL or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and no infringement. The recipients of this report should rely on their own investigations. MOCBPL and/or its Group Companies, their Directors, affiliates and/or employees may have interests/ positions, financial or otherwise in the Securities/Commodities and other investment products mentioned in this report. This information is subject to change without any prior notice. MOCBPL reserves the right to make modifications and alternations to this statement as may be required from time to time.