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DAILY AGRI COMMODITY REPORT

17 JULY 2017

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Market Views
MONT CLOS MONT CLOS
OPEN HIGH LOW % CHG VOL OPEN HIGH LOW % CHG VOL
H E H E

CORIANDER CASTORSEED

JUL 5060 5070 5037 5070 0.12 270 - - - - - - -

SUPPORT SUPP.1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2

5048 5026 - -

PIVOT Coriander short term PIVOT


INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
5059
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
5081 5092

TURMERIC GUARGUM 5MT

JUL 7208 7434 7208 7434 1.98 25 JUL 6710 6988 6710 6988 2.99 520

SUPPORT SUPP. 1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2

7283 7132 6802 6617

PIVOT Turmeric short term trend PIVOT Guargum Short term


INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 6895
7358
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 7509 7584 CE 7080 7173

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %


Index Value
Close Change
TURMERIC 20-07-2017 7434.00 234.00 3.25%
Castorseed 4550 4446 2.34

JEERA 20-07-2017 20225.00 310.00 1.56%


Chana - - -

RAPESEED-MUSTARD
20-07-2017 3675.00 54.00 1.49%
SEED Coriander 5070 5064 0.12

GUAR SEED 10 MT 20-07-2017 3287.00 45.00 1.39%


Guargum5MT 6988 6785 2.99

MAIZE -
FEED/INDUSTRIAL 20-07-2017 1397.00 14.00 1.01% Jeera 20200 19890 1.56
GRADE

Musterseed 3675 3622 1.46


CORIANDER 20-07-2017 5070.00 50.00 1.00%

TOP LOSERS
Soybean 2900 2900 0.00
Symbol Expiry Date Current Price Change Change %

BARLEY 20-07-2017 1410.00 -10.00 -0.70% Turmeric 7434 7290 1.98

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Commodities In News
ECONOMIC NEWS
Turmeric futures showed mixed trend on NCDEX as the July Short-term permits for shooting wild boar and Roz to check damage to
contracts traded lower on fall in demand at the spot market, while crops during season as no Panchayat resolution will be required as per a
August contracts traded higher on diminishing supplies in the physical decision taken by Punjab government on Friday. The state government has
market and expectation of lower acreage at the major producing also approved introduction of sterilisation of bulls by the Animal
regions. The contract for July delivery was trading at Rs 7208.00, down Husbandry Department to control the menace of stray cattle, in line with
by 1.12% or Rs 82.00 from its previous closing of Rs 7290.00. The the practice being followed in some other states. A meeting of the Punjab
open interest of the contract stood at 500 lots. The contract for August State Wildlife Board, chaired by chief minister Captain Amarinder Singh,
delivery was trading at Rs 7438.00, up by 2.85% or Rs 206.00 from its decided to simplify the procedure for sanctioning the 45-day permits for
previous closing of Rs 7232.00. The open interest of the contract stood shooting these crop-damaging animals. It was decided to put the permit
at 15735 lots on NCDEX. process online and on the WhatsApp digital platform to ensure ease of
procedure for grant of the permits. These permits for limited hunting are
Coriander futures edged down on NCDEX as speculators offloaded confined to privately owned land and are meant only for crop-damaging
their holdings, tracking subdued demand in the spot market. Further, animals. The meeting also decided on various initiatives to promote
higher supplies from major growing regions also weighed on coriander ecological preservation, including creation of a conservation reserve along
futures. The contract for August delivery was trading at Rs 5102.00, 185 kms of River Beas, starting from 52 head Talwara to Harike.
down by 0.18% or Rs 9.00 from its previous closing of Rs 5111.00.
The open interest of the contract stood at 42780 lots. The contract for Indias kharif crop outlook remains good despite weak rainfall in the
September delivery was trading at Rs 5162.00, down by 1.00% or Rs past week, but monsoon activity in the next 10 days will be crucial, top
52.00 from its previous closing of Rs 5214.00. The open interest of the agriculture ministry officials said. Rainfall in the past week has been 19%
contract stood at 510 lots on NCDEX. below average but the weather office has forecast above normal showers
for the next two weeks, calming concerns of crop stress in the early phase
Soyabean futures traded marginally lower on NCDEX as of the rabi season. Rainfall in Madhya Pradesh has picked up significantly
participants offloaded their positions, tracking weakness in spot in the past two days cheering farmers, but parts of Karnataka remain rain
demand amid profit booking after prices rose due to deficient rains in deficient. On the whole situation is good, agriculture secretary Shobhana
soybean growing areas. The contract for July delivery was trading at Rs K Pattanayak said. Sowing is on track, higher by 9% over the previous
2888.00, down by 0.41% or Rs 12.00 from its previous closing of Rs year. He said cotton, sugarcane and overall pulses situation is good with a
2900.00. The open interest of the contract stood at 7290 lots. The marginal drop in tur, while urad and moong crops are in excess. Monsoon
contract for August delivery was trading at Rs 2966.00, down by 0.6% season is there till September and deficit rains in some parts of the country
or Rs 18.00 from its previous closing of Rs 2984.00. The open interest should get covered, Pattanayak told ET. He said forecast of good rainfall
of the contract stood at 74770 lots on NCDEX. in the days ahead would help crop planting and help make up for the
deficit. Next ten days are crucial for the crop planting, he said.

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Technical Outlook

BUY CORIANDER ABOVE 5070 TARGET 5100 5140 5190 SL BUY TURMERIC ABOVE 7460 TARGET 7490 7530 7580 SL
BELOW 5020 BELOW 7410

BUY GUARGUM5 ABOVE 6900 TARGET 6930 6670 6720 SL


ABOVE 6850

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Lovelesh Sharma
DN: cn=Lovelesh Sharma c=IN
o=Personal

Sharma Reason: I am the author of this


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Date: 2017-07-16 02:35+05:30

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