CS AGRI COMMODITY MARKET REPORT & LEVELS - 03 AUG 2015

Turmeric Aug futures traded on aslipped on Friday(5.00pm)at India's National Commodity&Derivatives Exchange(NCDEX). Turmericspicedecresedby-1.45 % to 7060level at NCDEX.The sowing of the crop is expected to pick up gradually as rains in growing areas in Andhra Pradesh and Tamil Nadu keep possibilities of improved sowing. This is keeping sentiments weak for the counter in the near term. But with prices having fallen a lot, some bounce back too is possible .
CS TURMERIC TIPS 
TREND:MIXED TO BEARISH
RESISTANCE 2:7250,
RESISTANCE 1:7150,
SUPPORT1:6975,
SUPPORT2:6890.
STRATEGY:SELL ON RISE
The NCDEX Soyabean August futures Slipped by -1.73% in the last trading to close at 3235level till Fridayclosing. Informa Economics had earlier lowered their projection of US soybean plantings for 2015/16 at 86.76 million acres from previous estimate of 87.185 million acres. However Informa’s current estimate remains higher versus USDA’s 84.635 million acres.
CS SOYABEAN TIPS 
TREND:MIXED TOBEARISH
RESISTANCE 2:3340,
RESISTANCE 1:3280,
SUPPORT1:3200,
SUPPORT2:3170.
STRATEGY:SELL ON RISE
Chana futures traded on a negative note on decresed demand on Friday(5.00PM). Chana May lcontract lossed -0.35%to 4590levels.Prospects of improved Monsoon and Cabinet meeting on price rise in Agri commodities likely tobe held this week, kept sentiments down for Chana as it failed to hold onto the higher levels.The short term sentiments look weak for the counter as sowing picks up further for kharif Pulses.
CS CHANA TIPS 
TREND:MIXED TOBULLISH
RESISTANCE 2:4620,
RESISTANCE 1:4605,
SUPPORT1:4570,
SUPPORT2:4555.
STRATEGY:BUY ON DIPS
The NCDEX Dhaniya August futures slipped by-1.04% in the last trading to close at11226levelonFriday. Special Margin of 10% (in cash) on the Long side will be imposed on all running contracts andyet to be launched contracts in Coriander (DHANIYA) with effect from beginning of day Wednesday, June 03, 2015 .
CS DHANIYA TIPS
TREND:MIXED TO BEARISH
RESISTANCE2:11460,
RESISTANCE 1:11340,
SUPPORT1:11160,
SUPPORT2:11100,
STRATEGY:SELL ON RISE
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