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21NOVEMBER 2016
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Weekly Wrap Up
MONT
H
OPEN
HIGH
LOW
CLOS
E
% CHG
VOL
MONT
H
OPEN
HIGH
CORIANDER
DEC
7252
7800
7220
SUPPORT
SUPP.
1
SUPP. 2
7283
7605
RES.
1
7863
3.53
5680
SUPPORT
SUPP.
1
SUPP. 2
PIVOT
RESISTA
NCE
7542
RES. 2
7700
7300
SUPPORT
SUPP.
1
SUPP.
2
7367
7133
INTRADA
Y LEVELS
RESISTA
NCE
RES. 1
RES. 2
7767
7933
VOL
PIVOT
INTRADA
RESISTA
NCE
8122
7300
% CHG
Y LEVELS
RES. 1
RES. 2
TURMERIC
DEC
CLOS
E
CASTORSEED
6962
INTRADAY
LEVELS
LOW
GUARGUM
7600
3.00
1290
NOV
5758
6239
5655
SUPPORT
SUPP.
1
SUPP.
2
5780
5426
6135
PIVOT
INTRADA
Y LEVELS
6010
RESISTA
NCE
RES. 1
RES. 2
6364
6594
3.77
5680
Weekly Recommendations
BUY CORIANDER DEC ABOVE 7744 TARGET 7814 7874 SL BELOW 7714
SELL CORIANDER DEC BELOW 7147 TARGET 7077 7017 SL ABOVE 7177
BUY GUARGUM5 DEC ABOVE 6250 TARGET 6320 6380 SL BELOW 6200
SELL GUARGUM5 DEC BELOW 6135 TARGET 6065 6005 5955 SL ABOVE 6185
Commodities In News
ECONOMIC NEWS
Coriander futures showed a bearish trend on NCDEX as speculators
offloaded positions on weak demand. Besides, thin trading activities at spot
market amid lack of availability of smaller denomination notes, also weigh
on sentiment. The contract for December delivery was trading at Rs
7589, down by 1.22% or Rs 94 from its previous closing of Rs 7683. The
open interest of the contract stood at 6940 lots. The contract for January
delivery was trading at Rs 7600, down by 0.51% or Rs 39 from its previous
closing of Rs 7639. The open interest of the contract stood at 510 lots on
NCDEX.
Turmeric futures exhibited a positive trend on NCDEX as participants
enlarged their positions, on less stocks and restricted supplies in the spot
market. Liquidity crunch continued to take a toll on the trades at the
Agricultural Produce Market Committees (APMCs) across the country as
farmers, by and large, refrained from bringing their crops to the markets. In
some markets like in Erode in Tamil Nadu, traders were unable to deal with
the currency shortage and decided to declare holiday for a week and re-open
on November 21, 2016. The contract for November delivery was trading at
Rs 7680, up by 0.97% or Rs 74 from its previous closing of Rs 7606. The
open interest of the contract stood at 710 lots. The contract for December
delivery was trading at Rs 7028, up by 0.4% or Rs 28 from its previous
closing of Rs 7000. The open interest of the contract stood at 8315 lots on
NCDEX.
Soyabean futures traded higher on NCDEX as participants enlarged
positions amid a firming trend in sport markets. Some support also came
with improved export demand for soyabean and soymeal. Soybean meal
exports rose over 55% in October from a month ago due to a drop in its
price and a pickup in demand from the traditional Southeast Asian market.
The contract for November delivery was trading at Rs 3023, up by 1.31% or
Rs 39 from its previous closing of Rs 2984.The open interest of the contract
stood at 5080 lots. The contract for December delivery was trading at Rs
3069, up by 1.02% or Rs 31 from its previous closing of Rs 3038. The open
interest of the contract stood at 137290 lots on NCDEX.
The water storage available in 91 major reservoirs of the country for the
week ending on November 17, 2016 was 107.449 BCM, which is 68% of
total storage capacity of these reservoirs. This was 127% of the storage of
corresponding period of last year and 98% of storage of average of last ten
years. The total storage capacity of these 91 reservoirs is 157.799 BCM
which is about 62% of the total storage capacity of 253.388 BCM which is
estimated to have been created in the country. 37 Reservoirs out of these
91 have hydropower benefit with installed capacity of more than 60 MW.
The northern region includes States of Himachal Pradesh, Punjab and
Rajasthan. There are six reservoirs under Central Water Commission
(CWC) monitoring having total live storage capacity of 18.01 BCM. The
total live storage available in these reservoirs is 11.22 BCM which is 62%
of total live storage capacity of these reservoirs. The storage during
corresponding period of last year was 72% and average storage of last ten
years during corresponding period was 72% of live storage capacity of
these reservoirs.
NEWS RECAP
COMMODITY HEADLINES
Farm
Coriander
Water
Despite
increase in state advised price, up sugar mills may retain profitability: ICRA
Agricultural
Government
Uttar
Demonetisation:
High
Fowl
Spot quotes
Commodity Name
Location
Price
Commodity Name
Location
Barley
Jaipur
1755
Nagpur
Price
680
Chana
Bikaner
Chana
Delhi
7900
8111
Soy Bean
Mumbai
672.5
Indore
3046
Chana
Indore
Coriander
Kota
7587.2
Cotton
Kadi
18154.55
Jodhpur
6191.55
7923.35
Soy Bean
Nagpur
3030
Soy Bean
Kota
3000
Soymeal
Indore
24000
GUAR SEED 2 MT
Jodhpur
3325
Sugar M Grade
Kolhapur
3593.2
Guarseed
Bikaner
3300
Sugar M Grade
Kanpur
3865
Jeera
Unjha
18218.75
Mustard seed
Jaipur
Sugar M Grade
Muzaffar Nagar
3789.25
Sugar M Grade
Delhi
4778.15
Mustard seed
Alwar
3845
Sugar M Grade
Kolkatta
4720.25
Ref Soya Oil
Indore
689.4
3905
Turmeric
Nizamabad
7520.8
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