Money Maker Research Pvt. Ltd.

Daily Agri Newsletter

14 MARCH 2016

www.moneymakerfinancial.com
An ISO 9001-2008 Company

HEADLINES
j

Chana prices gain on lower

production estimate of Gujarat

RM seed prices gain on increase in

the domestic demand

Guar seed and Gum prices gain on

decline in the supply in mandies

During yesterdays trading session NCDEX Chana April opened

positive and traded within a range during first half of the session
but during second half it resumed uptrend and closed positive only.
NCDEX Chana April futures ended the day at Rs 4411 per quintal
which is 0.55% up against the previous day. NCDEX Chana
futures are expected to trade positive during todays trading
session.
RM Seed April futures at NCDEX platform yesterday opened
positively however it traded on a mixed note with positive bias.
The prices closed higher on moderate pick up in domestic demand
by oil millers. RM seed trade ended the day at RS. 3986 per quintal
which is approx 1.87% up against its previous close. However, the
arrivals have started increasing in some of the major physical
markets around the country which may limit gains in prices for the
near term
AT NCDEX platform we saw in last trading session Guar seeds
and Guar gum futures traded on positive note and ended at Rs.
3126/quintal and Rs. 5580/quintal with posting a gain of 1.26%
and 1.09% respectively. Taking cues from spot market where
during the day arrivals has decreased in major mandies of
Gujarat. Expectations of decline in acreage under guar
cultivation in the state for the upcoming kharif season supported
the prices for some extent.

P I V O T TA B L E
%
CHANGE
CHANGE
PIV
O T R2 TAR1B L S1E

SCRIP

CLOSE

S2

STRATEGY

MENTHA OIL
(MAR.)

898.8

3.2

0.36

926

911

884

872

BUY ON
DIPS

CARDAMOM
(MAR.)

676.5

-3.6

-0.53

699.5

686.5

668.5

656.5

BUY ON
DIPS

SOYBEAN
(MAR.)

3773

62

1.67

3848

3803

3738

3713

BUY ON
DIPS

RM SEED
(APR.)

3986

73

1.87

4061

4016

3951

3926

BUY ON
DIPS

CHANA
(MAR.)

3126

39

1.26

3261

3186

3051

2966

BUY ON
DIPS

GUAR SEED
(APR.)

4411

24

0.55

4531

4461

4351

4271

BUY ON
DIPS

DHANIYA
(APR.)

6710

-200

-2.89

7020

6840

6560

6360

SELL ON
HIGH

JEERA
(APR.)

14825

-300

-1.98

15255

15005

14675

14425

SELL ON
HIGH

TURMERIC
(APR.)

9050

138

1.55

9240

9110

8970

8830

BUY ON
DIPS

CHARTIST

PICK

SELL DHANIYA APRIL BELOW 6700 AND MAINTAIN STOP LOSS

ABOVE 6850. WE CAN SEE THE TARGETS AROUND 6600/6500

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