Friday, April 10, 2015

Market Overview

Rapeseed futures fell on Thursday on profittaking 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.

Chana

NCDEX

April

3865

%
Change
-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%

Commodity

Exchange

Expiry

Price

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.


1
Please refer to disclaimer at the end of the report.

Level Playing Sheet

Trend

Conviction

Intraday
Range

17833

Bullish

Moderate

16535 - 17585

3955

4044

Bullish

Moderate

3781 - 3927

3577

3594

3613

Bullish

Moderate

3568 - 3604

598.3

601.9

606.1

609.7

Bullish

Moderate

596.3 - 604

3515

3543

3581

3609

3647

Bullish

Moderate

3529 - 3595

435.2

431.2

433.2

435.1

437.1

439.0

Bearish

Moderate

432 - 436

April

2492

2468.7

2480.3

2501.7

2513.3

2534.7

Strong

Moderate

2475 - 2508

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

Commodity

Exch.

Expiry

Close

S2

S1

Pivot

R1

Jeera

NCDEX

April

16840

15733

16287

16783

17337

Chana

NCDEX

April

3865

3752

3809

3898

Soybean

NCDEX

April

3574

3541

3558

Soyoil

NCDEX

April

603

594.2

R M Seed

NCDEX

April

3570

CPO

MCX

April

Sugar

NCDEX

Wheat

R2

For any details contact:

Commodities Advisory Desk - +91 22 3958 3600
commoditiesresearch@motilaloswal.com

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