AGRI COMMODITY MARKET TIPS & REPORT - 12 JULY 2016

Turmeric Aug futures traded on a slipped on Monday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.08% to 7980 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centres such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8100, 
RESISTANCE 1: 8050, 
SUPPORT 1: 7950, 
SUPPORT 2: 7880. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean October futures surged up by 0.67% in the last trading to close at 3767 level till Monday closing. Expectations of rains to intensify this month will be seen as a beneficial factor in cooling down food prices including oilseeds. Therefore the near term outlook shall remain bearish for soybean. Negative cues from US markets and reports of good rains in MP region are likely to kept sentiments bearish in futures markets in the current week. 
SOYABEAN (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3820, 
RESISTANCE 1:3790, 
SUPPORT 1: 3745, 
SUPPORT 2: 3720. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Positive note increased demand on Monday (5.00PM). Gaurseed October contract gained 2.74% to 3603 levels. Rising export, falling stocks and reports of lower sowing area kept sentiments strong for Guar as prices found very strong support at these low levels for last few weeks. Low price realizations last year kept farmers away from sowing of this crop leading to apprehensions of falling sowing area. Short to medium term sentiments look firm as any pickup in Crude oil prices could lead to further firmness in guar prices.
GAURSEED (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 3690, 
RESISTANCE 1:3650, 
SUPPORT 1: 3550, 
SUPPORT 2: 3495. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya Aug futures slipped by 3.74% in the last trading to close at 7625 level on Monday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend. 
DHANIYA (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7820, 
RESISTANCE 1: 7720, 
SUPPORT 1: 7430, 
SUPPORT 2: 7250. 
STRATEGY: BUY ON DIPS 

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AGRI COMMODITY MARKET TIPS & REPORT - 11 JULY 2016

Turmeric Aug futures traded on a slipped on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.57% to 7976 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centres such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8070, 
RESISTANCE 1: 8020, 
SUPPORT 1: 7920, 
SUPPORT 2: 7870. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean October futures slipped by -1.53% in the last trading to close at 3744 level till Friday closing. India’s soybean output is estimated to be the lowest in 11 years in crop year 2015-16 (JulyJune), after two years of drought, resulting in crop damage and a fall in yield. Data compiled by the Soybean Processors’ Association of India (SOPA) showed that output at 7.5 million tons (mt) this time, against 10.4 mt the previous year, a decline of 27%.
SOYABEAN (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3810, 
RESISTANCE 1:3770, 
SUPPORT 1: 3720, 
SUPPORT 2: 3700. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Negative note decreased demand on Friday (5.00PM). Gaurseed October contract lost -0.15% to 3512 levels. Improving rain prospects in the major producing state of Rajasthan shall be preventing any sharp gain in guar complex this week Traders are expecting the exports for Guar gum to pick up again as there are regular inquiries from Europe and Russia – this is another supportive factor for the guar complex.
GAURSEED (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 3580, 
RESISTANCE 1:3540, 
SUPPORT 1: 3470, 
SUPPORT 2: 3430. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya Aug futures slipped by -0.49% in the last trading to close at 7345 level on Friday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend. 
DHANIYA (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7450, 
RESISTANCE 1: 7400, 
SUPPORT 1: 7300, 
SUPPORT 2: 7250. 
STRATEGY: BUY ON DIPS

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AGRI COMMODITY MARKET TIPS & REPORT - 08 JULY 2016

Turmeric Aug futures traded on a surged up on Thursday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 1.01% to 8026 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centres such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 8100, 
RESISTANCE 1: 8060, 
SUPPORT 1: 7960, 
SUPPORT 2: 7890. 
STRATEGY: BUY ON DIPS

The NCDEX Soya bean October futures slipped by -1.94% in the last trading to close at 3799 level till Thursday closing. India’s soybean output is estimated to be the lowest in 11 years in crop year 2015-16 (JulyJune), after two years of drought, resulting in crop damage and a fall in yield. Data compiled by the Soybean Processors’ Association of India (SOPA) showed that output at 7.5 million tons (mt) this time, against 10.4 mt the previous year, a decline of 27%..
SOYABEAN (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3880, 
RESISTANCE 1:3840, 
SUPPORT 1: 3770, 
SUPPORT 2: 3750. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Positive note increased demand on Thursday (5.00PM). Gaurseed October contract gained 0.98% to 3515 levels. Improving rain prospects in the major producing state of Rajasthan shall be preventing any sharp gain in guar complex this week Traders are expecting the exports for Guar gum to pick up again as there are regular inquiries from Europe and Russia – this is another supportive factor for the guar complex. 
GAURSEED (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 3675, 
RESISTANCE 1:3600, 
SUPPORT 1: 3460, 
SUPPORT 2: 3400. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya Aug futures surged up by 2.10% in the last trading to close at 7376 level on Thursday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend. 
DHANIYA (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7550, 
RESISTANCE 1: 7450, 
SUPPORT 1: 7250, 
SUPPORT 2: 7150. 
STRATEGY: BUY ON DIPS 

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AGRI COMMODITY MARKET TIPS & REPORT - 07 JULY 2016

Turmeric Aug futures traded on a slipped on Tuesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.55% to 7950 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centres such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8070, 
RESISTANCE 1: 8000, 
SUPPORT 1: 7870, 
SUPPORT 2: 7800. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean October futures slipped by -0.36% in the last trading to close at 3869 level till Tuesday closing. India’s soybean output is estimated to be the lowest in 11 years in crop year 2015-16 (JulyJune), after two years of drought, resulting in crop damage and a fall in yield. Data compiled by the Soybean Processors’ Association of India (SOPA) showed that output at 7.5 million tons (mt) this time, against 10.4 mt the previous year, a decline of 27%..
SOYABEAN (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2:3950, 
RESISTANCE 1:3910, 
SUPPORT 1: 3850, 
SUPPORT 2: 3830. 
STRATEGY: BUY ON DIPS

Guarseed futures traded on a Positive note increased demand on Tuesday (5.00PM). Gaurseed October contract gained 4.00% to 3481 levels. Improving rain prospects in the major producing state of Rajasthan shall be preventing any sharp gain in guar complex this week Traders are expecting the exports for Guar gum to pick up again as there are regular inquiries from Europe and Russia – this is another supportive factor for the guar complex. 
GAURSEED (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 3560, 
RESISTANCE 1:3520, 
SUPPORT 1: 3400, 
SUPPORT 2: 3320. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya Aug futures slipped by -0.33% in the last trading to close at 7202 level on Tuesday. Coriander futures edged higher on NCDEX as speculators enlarged their holdings on the back of improved demand at the spot market. Further, restricted arrivals from major growing regions also added support to coriander prices’ uptrend.
DHANIYA (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 7300, 
RESISTANCE 1: 7250, 
SUPPORT 1: 7170, 
SUPPORT 2: 7150. 
STRATEGY: SELL ON RISE 

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AGRI COMMODITY MARKET TIPS & REPORT - 05 JULY 2016

Turmeric Aug futures traded on a slipped on Monday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -3.13% to 7920 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centres such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8300, 
RESISTANCE 1: 8100, 
SUPPORT 1: 7820, 
SUPPORT 2: 7730. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean October futures surged up by 0.88% in the last trading to close at 3878 level till Monday closing. Approaching monsoon season shall be weighing over soybean prices this week as well. The recent Brexit issue might keep sentiments disturbed in global markets as of now, and can weigh on global oil complex markets, therefore maintaining weak tone in Indian markets also. Subdued demand for soymeal shall also weigh over the soybean complex in present term.
SOYABEAN (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2:3950, 
RESISTANCE 1:3910, 
SUPPORT 1: 3830, 
SUPPORT 2: 3780. 
STRATEGY: BUY ON DIPS

Guarseed futures traded on a Positive note increased demand on Monday (5.00PM). Gaurseed October contract gained 0.42% to 3350 levels. Improving rain prospects in the major producing state of Rajasthan shall be preventing any sharp gain in guar complex this week Traders are expecting the exports for Guar gum to pick up again as there are regular inquiries from Europe and Russia – this is another supportive factor for the guar complex.
GAURSEED (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 3390, 
RESISTANCE 1:3370, 
SUPPORT 1: 3320, 
SUPPORT 2: 3300. 
STRATEGY: BUY ON DIPS 

The NCDEX Dhaniya Aug futures slipped by -0.43% in the last trading to close at 7212 level on Monday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend.
DHANIYA (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 7300, 
RESISTANCE 1: 7250, 
SUPPORT 1: 7180, 
SUPPORT 2: 7150. 
STRATEGY: SELL ON RISE

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AGRI COMMODITY MARKET TIPS & REPORT - 04 JULY 2016

Turmeric Aug futures traded on a slipped on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -1.18% to 8176 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centres such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8370, 
RESISTANCE 1: 8320, 
SUPPORT 1: 8240, 
SUPPORT 2: 8210. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean October futures surged up by 0.55% in the last trading to close at 3840 level till Friday closing. Approaching monsoon season shall be weighing over soybean prices this week as well. The recent Brexit issue might keep sentiments disturbed in global markets as of now, and can weigh on global oil complex markets, therefore maintaining weak tone in Indian markets also. Subdued demand for soymeal shall also weigh over the soybean complex in present term. 
SOYABEAN (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2:3940, 
RESISTANCE 1:3885, 
SUPPORT 1: 3790, 
SUPPORT 2: 3740. 
STRATEGY: BUY ON DIPS

Guarseed futures traded on a Negative note decreased demand on Friday (5.00PM). Gaurseed October contract lost -1.51% to 3330 levels. Improving rain prospects in the major producing state of Rajasthan shall be preventing any sharp gain in guar complex this week Traders are expecting the exports for Guar gum to pick up again as there are regular inquiries from Europe and Russia – this is another supportive factor for the guar complex.
GAURSEED (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 3440, 
RESISTANCE 1:3380, 
SUPPORT 1: 3300, 
SUPPORT 2: 3270. 
STRATEGY: BUY ON DIPS

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AGRI COMMODITY MARKET TIPS & REPORT - 01 JULY 2016

Turmeric Aug futures traded on a slipped on Thursday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.58% to 8278 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centres such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 8370, 
RESISTANCE 1: 8320, 
SUPPORT 1: 8240, 
SUPPORT 2: 8210. 
STRATEGY: SELL ON RISE

The NCDEX Soya bean October futures surged up by 1.54% in the last trading to close at 3813 level till Thursday closing. Approaching monsoon season shall be weighing over soybean prices this week as well. The recent Brexit issue might keep sentiments disturbed in global markets as of now, and can weigh on global oil complex markets, therefore maintaining weak tone in Indian markets also. Subdued demand for soymeal shall also weigh over the soybean complex in present term. 
SOYABEAN (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2:3900, 
RESISTANCE 1:3850, 
SUPPORT 1: 3760, 
SUPPORT 2: 3700. 
STRATEGY: BUY ON DIPS

Guarseed futures traded on a Positive note increased demand on Thursday (5.00PM). Gaurseed October contract gained 2.30% to 3377 levels. Improving rain prospects in the major producing state of Rajasthan shall be preventing any sharp gain in guar complex this week Traders are expecting the exports for Guar gum to pick up again as there are regular inquiries from Europe and Russia – this is another supportive factor for the guar complex.
GAURSEED (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 3460, 
RESISTANCE 1:3420, 
SUPPORT 1: 3320, 
SUPPORT 2: 3260. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya Aug futures slipped by -0.46% in the last trading to close at 7283 level on Thursday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend. 
DHANIYA (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7440, 
RESISTANCE 1: 7400, 
SUPPORT 1: 7250, 
SUPPORT 2: 7200. 
STRATEGY: BUY ON DIPS 

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AGRI COMMODITY MARKET NEWS & UPDATES - 30 JUN 2016

Turmeric Aug futures traded on a slipped on Wednesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.31% to 8346 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centres such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 8550, 
RESISTANCE 1: 8450, 
SUPPORT 1: 8270, 
SUPPORT 2: 8200. 
STRATEGY: BUY ON DIPS

The NCDEX Soya bean October futures slipped by -0.61% in the last trading to close at 3755 level till Wednesday closing. Approaching monsoon season shall be weighing over soybean prices this week as well. The recent Brexit issue might keep sentiments disturbed in global markets as of now, and can weigh on global oil complex markets, therefore maintaining weak tone in Indian markets also. Subdued demand for soymeal shall also weigh over the soybean complex in present term.
SOYABEAN (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3790, 
RESISTANCE 1:3770, 
SUPPORT 1: 3740, 
SUPPORT 2: 3720. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Negative note decreased demand on Wednesday (5.00PM). Gaurseed October contract lost -0.60% to 3755 levels. Improving rain prospects in the major producing state of Rajasthan shall be preventing any sharp gain in guar complex this week Traders are expecting the exports for Guar gum to pick up again as there are regular inquiries from Europe and Russia – this is another supportive factor for the guar complex.
GAURSEED (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 3420, 
RESISTANCE 1:3360, 
SUPPORT 1: 3230, 
SUPPORT 2: 3150. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya Aug futures slipped by -0.83% in the last trading to close at 7300 level on Wednesday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend.
DHANIYA (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7380, 
RESISTANCE 1: 7340, 
SUPPORT 1: 7280, 
SUPPORT 2: 7260. 
STRATEGY: BUY ON DIPS

                            

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AGRI COMMODITY MARKET TIPS & REPORT - 29 JUN 2016

Turmeric Aug futures traded on a surged up on Tuesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 0.43% to 8364 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centres such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana. 
TURMERIC (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 8510, 
RESISTANCE 1: 8440, 
SUPPORT 1: 8290, 
SUPPORT 2: 8220. 
STRATEGY: BUY ON DIPS

The NCDEX Soya bean October futures surged up by 0.29% in the last trading to close at 3774 level till Tuesday closing. Approaching monsoon season shall be weighing over soybean prices this week as well. The recent Brexit issue might keep sentiments disturbed in global markets as of now, and can weigh on global oil complex markets, therefore maintaining weak tone in Indian markets also. Subdued demand for soymeal shall also weigh over the soybean complex in present term.
SOYABEAN (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2:3810, 
RESISTANCE 1:3790, 
SUPPORT 1: 3760, 
SUPPORT 2: 3740. 
STRATEGY: BUY ON DIPS

Guarseed futures traded on a Positive note increased demand on Tuesday (5.00PM). Gaurseed October contract gained 2.64% to 3303 levels. Improving rain prospects in the major producing state of Rajasthan shall be preventing any sharp gain in guar complex this week Traders are expecting the exports for Guar gum to pick up again as there are regular inquiries from Europe and Russia – this is another supportive factor for the guar complex.
GAURSEED (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 3410, 
RESISTANCE 1:3355, 
SUPPORT 1: 3225, 
SUPPORT 2: 3150. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya Aug futures slipped by -0.74% in the last trading to close at 7340 level on Tuesday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend. 
DHANIYA (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7420, 
RESISTANCE 1: 7380, 
SUPPORT 1: 7320, 
SUPPORT 2: 7300. 
STRATEGY: BUY ON DIPS 

                          

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AGRI COMMODITY MARKET TIPS & REPORT - 28 JUN 2016

Turmeric Aug futures traded on a surged up on Monday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by 2.00% to 8324 level at NCDEX. Primary trend appears on the upside because of depleting arrivals in most trading centres such as Nizamabad, Erode, and Sangli. Improved demand from domestic and overseas buyers will be another bullish driver for the current week. Nevertheless, the gains shall remain capped by expectations of improving monsoon activity in growing regions of AP and Telangana.
TURMERIC (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 8420, 
RESISTANCE 1: 8370, 
SUPPORT 1: 8220, 
SUPPORT 2: 8130. 
STRATEGY: BUY ON DIPS

The NCDEX Soya bean October futures surged up by 1.79% in the last trading to close at 3763 level till Monday closing. Approaching monsoon season shall be weighing over soybean prices this week as well. The recent Brexit issue might keep sentiments disturbed in global markets as of now, and can weigh on global oil complex markets, therefore maintaining weak tone in Indian markets also. Subdued demand for soymeal shall also weigh over the soybean complex in present term.
SOYABEAN (OCTOBER) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2:3830, 
RESISTANCE 1:3795, 
SUPPORT 1: 3710, 
SUPPORT 2: 3660. 
STRATEGY: BUY ON DIPS

Guarseed futures traded on a Positive note decreased demand on Monday (5.00PM). Gaurseed October contract gained 0.69% to 3218 levels. Improving rain prospects in the major producing state of Rajasthan shall be preventing any sharp gain in guar complex this week Traders are expecting the exports for Guar gum to pick up again as there are regular inquiries from Europe and Russia – this is another supportive factor for the guar complex. 
GAURSEED (OCTOBER) TECHNICAL VIEW: 
TREND: CONSOLIDATE 
RESISTANCE 2: 3270, 
RESISTANCE 1:3240, 
SUPPORT 1: 3200, 
SUPPORT 2: 3180. 
STRATEGY: BUY ON DIPS

The NCDEX Dhaniya Aug futures consolidate by 0.40% in the last trading to close at 7370 level on Monday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend.
DHANIYA (AUGUST) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7520, 
RESISTANCE 1: 7450, 
SUPPORT 1: 7300, 
SUPPORT 2: 7250. 
STRATEGY: BUY ON DIPS 

                          

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AGRI COMMODITY MARKET TIPS & REPORT - 27 JUN 2016

Turmeric July futures traded on a slipped on Friday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spiced by -0.46% to 8154 level at NCDEX. Turmeric futures traded lower on NCDEX on anticipation of good sowing in next season on forecast of good rains. Trend remained weak for Turmeric as higher arrivals amidst lack of strong export and domestic demand kept pressure on the prices.
TURMERIC (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 8260, 
RESISTANCE 1: 8200, 
SUPPORT 1: 8110, 
SUPPORT 2: 8070. 
STRATEGY: BUY ON DIPS

The NCDEX Soya bean July futures slipped by -0.18% in the last trading to close at 3805 level till Friday closing. The Soyabean futures edged lower on NCDEX as speculators trimmed their positions on lackluster domestic demand and bearish cues from the international markets. However, some losses were capped by lower supply in domestic market as farmers are set to reduce the area given over to soybean by 10% this year.
SOYABEAN (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2:3880, 
RESISTANCE 1:3840, 
SUPPORT 1: 3770, 
SUPPORT 2: 3740. 
STRATEGY: SELL ON RISE

Guarseed futures traded on a Negative note decreased demand on Friday (5.00PM). Gaurseed July l contract lost -0.68% to 3071 levels. The export demand from European nations, the US and China was further hampered by the economic crisis in many of these nations. That led to a fall in export demand from these countries. 
GAURSEED (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BEARISH 
RESISTANCE 2: 3125, 
RESISTANCE 1:3100, 
SUPPORT 1: 3050, 
SUPPORT 2: 3025. 
STRATEGY: SELL ON RISE

The NCDEX Dhaniya July futures consolidate by 0.00% in the last trading to close at 7251 level on Friday. Coriander futures traded higher on NCDEX as speculators built up fresh positions, tracking improved demand at the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend. 
DHANIYA (JULY) TECHNICAL VIEW: 
TREND: MIXED TO BULLISH 
RESISTANCE 2: 7340, 
RESISTANCE 1: 7300, 
SUPPORT 1: 7210, 
SUPPORT 2: 7170. 
STRATEGY: BUY ON DIPS 

                        

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