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"Soybean Volatile Week Ends in Red: Analyst Speaks

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Soybean Volatile week ends in red

02 Sep. 2014
Analyst speaks:-
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1.85

















MARKET WRAP

NCDEX Castorseed down by 4% on weak demand:-NCDEX
Castorseed September contract is down by 4% and hit lower
circuit on Monday.

NCDEX Turmeric down by 1.6% on weak demand: - NCDEX
Turmeric September contract closed down and registering loss of
1.6% on Monday Open:6588,High:6602,Low:6476, Close:6510,

NCDEX Dhaniya: - NCDEX Dhaniya September contract is closed
up by 1.25% on Monday.

NCDEX RMseed :-NCDEX RMseed October contract
closed@3535 down by 0.90% on Monday.
Open:3545,High:3548,Low:3501, Close:3535.

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COMMODITY P.CLOSE LAST CLOSE NET CHANGE % CHANGE
SOYABEAN (20 OCT.2014)
3358.00 3280.00 -78.00 -2.32
REFINED SOYA OIL (19 Sep.2014)
610.65 603.50 -7.15 -1.17
DHANIYA (19 Sep.2014)
11912.00 11763.00 -149.00 -1.25
JEERA (19 Sep.2014)
11200.00 11010.00 -190.00 -1.70
TURMERIC (19 Sep.2014)
6616.00 6510.00 -106.00 -1.60
CHANA (19 Sep.2014)
2847.00 2863.00 16.00 0.56
GUARSEED (20 Oct.2014)
5796.00 5565.00 -231.00 -3.99
GUARGUM (20 Oct.2014)
16280.00 15630.00 -650.00 -3.99
CASTORSEED(19 Sep.2014)
4199.00 4032.00 -167.00 -3.98
RMSEED (19 Sep.2014)
3567.00 3535.00 -32.00 -0.90
DAILY MARKET UPDATE
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INTRADAY VIEW

Castorseed (Sep.):- Castorseed Sep. contract may trade negative on
next trading session.
Resistance:4135,4165. Support: 4010, 3965.

NCDEX Dhaniya (Sep.):- NCDEX Dhaniya looking for intraday will be
sideways to bearish. NCDEX Dhaniya for June contract Sep. trade
negative on next trading session. Resistance: 12190, 12205 Support:
11600, 11520
NCDEX Turmeric: Turmeric Sep. Trend for intraday will be Sideways
to bullish.

NCDEX Chana (Sep.):- Technically, the trend in NCDEX Chana Sep.
delivery looks negative and further downside is expected from current
levels.
NCDEX Soybean(Oct.): The trend in Soybean futures for October
delivery is consolidate and downside movement is expected in the
near term. Resistance:3390,3440
Support: 3250, 3210.


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SOYABEAN (20 Oct.)
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CONSOLIDATE
SELL ON HIGH
TREND
STRATEGY
3390
3435
RESISTANCE
3350
3205
SUPPORT
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Turmeric (19 Sep.)















CHANA (19 Sep.)
CONSOLIDATE
BUY ON DIPS
TREND
STRATEGY
6780
6840
RESISTANCE
6335
6230 SUPPORT
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BEARISH
SELL ON HIGH
TREND
STRATEGY
2995
3030
RESISTANCE
2810
2775
SUPPORT
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Refined soya oil (19 Sep.)






















CONSOLIDATE
SELL ON HIGH
TREND
STRATEGY
614
626
RESISTANCE
600
591
SUPPORT
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SUPPORT RESISTANCE
COMMODITY CONTRACT RESISTANCE SUPPORT TREND STRATAGEY
JEERA UNJHA Sep. R1:11510
R2:11685
S1:11000
S2:10950
CONSOLIDATE BUY ON DIPS
CASTORSEED Sep. R1:4380
R2:4395
S1:4030
S2:3980
CONSOLIDATE BUY ON DIPS
GUARSEED Oct. R1: 5920
R2: 6080
S1:5400
S2:5335
CONSOLIDATE SELL ON
HIGH
REFINED OIL Sep. R1: 622.00
R2: 648.00
S1: 600.00
S2: 591.00
CONSOLIDATE SELL ON
HIGH
CHANA Sep. R1: 2990
R2: 3055
S1:2750
S2:2715
CONSOLIDATE SELL ON
HIGH
RMSEED Sep. R1:3745
R2:3865
S1:3240
S2:3210
CONSOLIDATE BUY ON DIPS
TURMERIC Sep. R1:6760
R2:6860
S1:6140
S2:6095
CONSOLIDATE BUY ON DIPS
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