16 nov2016 agri report

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DHANIYA:-

Dhaniya prices are expected to trade in a range due to thin trading activities at spot market amid lack

of availability of smaller denomination notes. However, likely decline in acreage in the current rabi

season may limit fall in prices. As per market source, farmers in Rajasthan have shifted to other

commodities such as chana and garlic from dhaniya. Strong demand for the spice from stockists may

also weigh the price trend. Dhaniya trade ended the day at Rs. 7371 per quin which is approx 1.02%

down against its previous close. We recommend sell Dhaniya futures during today’s trading session.

SOYBEAN:-

Soybean futures closed lower due to higher arrivals of soybean in the physical market. It is expected

that demand amongst oil millers and crushing units is likely to recover at prevailing levels. The spot

prices have dropped below the MSP in some places in States of MP, Maharashtra and Gujarat. The

harvesting of soybean in full swing and supplies are strong in the physical market. Government has

started to procurement soybean from some states as prices are below MSP levels. Moreover,

expectation of record production and limited soymeal exports will pressurize prices. Soybean trade

ended the day at Rs. 2998 per quin which is approx 1.09% down against its previous close. We

recommend sell Soybean futures during today’s trading session.

NEWS HEADLINES



SCRIP

R2

R1 S1 S2 STRATEGY

MENTHA OIL (NOV)

988 978 956 944 BUY ON DIPS

CARDAMOM (DEC)

1354 1339 1313 1301 BUY ON DIPS

SOYABEAN (DEC)

3073 3033 2958 2913 SELL ON HIGHS

RM SEED (DEC)

4610 4560 4450 4390 SELL ON HIGHS

GUAR SEED (DEC)

3212 3157 3047 2982 SELL ON HIGHS

DHANIYA (DEC)

7591 7491 7271 7151 SELL ON HIGHS

JEERA (DEC)

16805 16685 16465 16365 SELL ON HIGHS

TURMERIC (DEC)

7002 6922 6742 6642 SELL ON HIGHS

PIVOT TABLES



CHART OF THE DAY

BUY MENTHA OIL NOV IN THE RANGE OF 975-980, WITH STOPLOSS OF 950 FOR

THE TARGETS OF 995 , 1010 .



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16 nov2016 agri report