Commodity daily Report Money Maker Research pvt ltd

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Transcript of Commodity daily Report Money Maker Research pvt ltd

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JEERA:-

Jeera futures gain for fourth consecutive day to close higher last week due to pickup in physical

demand and lower level buying by the market participants. Sowing of Jeera has already started in some

parts of Rajasthan and Gujarat and is likely to gather pace in coming weeks. The price trend on the

chart looks positive on reports of decrease physical supplies. Moreover, slow start to rabi sowing also

support prices. However, stockiest are selling their stocks in the domestic market on expectation of

better crop next year. Jeera trade ended the day at Rs. 18165 per quin which is approx 1.25% up

against its previous close. We recommend buy Jeera futures during today’s trading session.

SOYBEAN:-

Soybean futures closed lower last week due to higher arrivals of soybean in the physical markets. The

prices have dropped below the MSP in States of MP and Gujarat. Soybean prices to trade sideways to

higher due to good demand from traders and mills for new season crops may support prices. However,

higher supplies in the physical market may pressurize prices. Market participants have realize that

soybean prices have bottom out and will be traded in a tight range during the peak arrival season

during Nov - Dec. Soybean trade ended the day at Rs. 3086 per quin which is approx 1.47% down

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

NEWS HEADLINES

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SCRIP

R2

R1 S1 S2 STRATEGY

MENTHA OIL (NOV)

979 969 947 935 BUY ON DIPS

CARDAMOM (DEC)

1419 1404 1378 1366 BUY ON DIPS

SOYABEAN (DEC)

3161 3121 3046 3001 SELL ON HIGHS

RM SEED (DEC)

4826 4776 4666 4606 BUY ON DIPS

GUAR SEED (DEC)

3423 3368 3258 3193 SELL ON HIGHS

DHANIYA (DEC)

7924 7824 7604 7484 BUY ON DIPS

JEERA (DEC)

18405 18285 18065 17965 BUY ON DIPS

TURMERIC (DEC)

7528 7448 7268 7168 BUY ON DIPS

PIVOT TABLES

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CHART OF THE DAY

SELL GUARSEED DEC IN THE RANGE OF 3310-3300, WITH STOPLOSS OF 3360 FOR

THE TARGETS OF 3260 , 3220 .

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