MARKET WRAP

Guar Seed ends down on fresh selling

Soy Oil up on arrival pressure

Pepper ends high on lower supply

Jeera gains on weak arrivals

Turmeric turns red on fresh selling

Chana surges up on festive demand

Cardamom gains on arrival pressure

Chana in intraday is expected to trade sideways to up on rising demand from the physical market for the upcoming festive season. The current predictions with respect to monsoon and sowing acreage point towards downward projections of Kharif output and restricted arrivals from the producing regions may also support the uptrend. Pepper futures are expected to trade positive due to limited stocks in the physical market ahead weak arrivals from the producing regions. Rising demand for the upcoming festive seasons also supported the uptrend. Turmeric prices are expected to trade sideways to negative note extending the previous losses. Overall weak trend amid poor demand from north India buyers is likely to pressurize the prices. Cardamom prices are expected to trade sideways to up owing to rising demand from the domestic market amid weak arrivals from the producing regions. Guar seed futures are expected to trade negative to sideways due to active selling by the traders on the back of subdued demand in the spot market. A fall in export demand may also limit the uptrend.

TECHNICAL VIEW

CARDAMOM (SEP) VIEW

Trend: Bearish | Strategy: Sell on High

R1- 878, R2- 895 | S1- 845, S2- 830

CHANA (SEP) VIEW

Trend: Consolidate | Strategy: Sell on High

R1- 3180, R2- 3240 | S1- 3090, S2- 3040

GUARGUM (SEP) VIEW

Trend: Consolidate | Strategy: Sell on High

R1- 13750, R2- 14050 | S1- 13250, S2- 12800

GUARSEED (SEP) VIEW

Trend: Consolidate | Strategy: Sell on High

R1- 4360, R2-4420 | S1- 4250, S2- 4180

JEERA (SEP) VIEW

Trend: Consolidate | Strategy: Sell on High

R1- 16050, R2- 16500 | S1- 15550, S2- 15100

MENTHA OIL (SEP) VIEW

Trend: Consolidate | Strategy: Buy On Dips

R1- 1160, R2- 1180 | S1- 1120, S2- 1090

PEPPER (SEP) VIEW

Trend: Consolidate | Strategy: Buy On Dips

R1- 32620, R2- 33600 | S1- 30700, S2- 29800

MUSTARD SEED (SEP) VIEW

Trend: Consolidate | Strategy: Sell on High

R1- 2950, R2- 2980 | S1- 2900, S2- 2875

SOYABEAN (SEP) VIEW

Trend: Consolidate | Strategy: Sell on High

R1- 2455, R2- 2480 | S1- 2400, S2- 2370

TURMERIC (SEP) VIEW

Trend: Consolidate | Strategy: Sell on High

R1- 6450, R2- 6600 | S1-6200, S2-6050

Money CapitalHeight Research Pvt Ltd. an ISO 9001-2011.is a Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips. 
We are a team of highly qualified analysts, who deliver their expertise in providing stock market calls for traders which include Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips.

GET FREE TRIAL 0731-4295950

Our research is based around these services:

•  Stock Tips
• ·          Commodity Tips
• ·          Equity Tips
• ·          Intraday Tips
• ·          NCDEX Tips

GET FREE TRIAL 0731-4295950

Or mail us here: contact@capitalheight.com

 Or visit our site that is

http://www.capitalheight.com  

http://www.capitalheight.com/daily/agri/DAILY%20NEWS%20LETTER%20AGRI.pdf

###