17-07-2015

COMMODITY OPEN HIGH LOW CLOSE

CASTORSEED 4024 4043 3999 4036

DHANIYA 11760 11966 11745 11934

TURMERIC 7594 7608 7340 7410

RMSEED 4220 4275 4195 4271

JEERAUNJHA 16200 16255 16030 16150

MENTHAOIL 1013.00 1019.00 982.00 988.30

SYBEANIDR 3490 3550 3490 3533

CHANA 4474 4632 4445 4632

Ref. Soya oil tracking weak spot demand as investors

expecting robust soy oil export for a month of June. The

domestic demand for oilmeals has reduced adding to the

woes of the industry. Capacity utilization is at the lowest

and many plants are close down due to disparity in crushing.

Soybean oil meal exports dropped to 2,098 tons in June

compared to 2,637 tons for the corresponding period a year

earlier, data from SEA of India showed.

Jeera surge in supply from the producing regions in the

midst of decline in the export demand. Currently, the traders

and stockist are active in the spot market to serve the

demand from the domestic market. There is expectation of

revival of export demand on short supply. As per third

advance estimate of Gujarat State, production is expected at

1.58 lakh tonnes in 2014-15, which is 54.3 per cent lower,

compared to last years’ production of 3.46 lakh tonnes.

CHANA TECHNICAL UPDATE

NCDEX JEERA AUG 2015

RESEARCHER VIEW

The above Daily chart of JEERA suggests that prices have reverse after

taking resistance level. RSI is in a sell mode. We expect prices to correct up

to levels of 16000.

JEERA TECHNICAL UPDATE

NCDEX RMSEED AUG 2015

RESEARCHER VIEW

The above Daily chart of RMSEED suggests that prices have reverse after

taking resistance level. RSI is in a BUY mode. We expect prices to correct

up to levels of 4304.

• The information contained here was gathered from sources deemed

reliable however; no claim is made as to accuracy or content. This does

not contain specific recommendations to buy or sell at particular prices

or time, nor should any examples presented be deemed as such. There is

a risk of loss in commodity trading and you should carefully consider

your financial position before making a trade. This is not, nor is it

intended, to be a complete study of chart patterns or technical analysis

and should not be deemed as such. Money Classic Investment Advisors

does not guarantee that such information is accurate or complete and it

should not be relied upon as such. Any opinions expressed reflect

judgments at this date and are subject to change without notice. For use

at the sole discretion of the investor without any liability on Money

Classic Investment Advisors.

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