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05 January 2015
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Market Views
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
DHANIYA
JAN
11181
11181
10720
SUPPORT
SUPP.1
SUPP. 2
10730
10495
10966
10956
RESISTAN
CE
RES. 1
RES. 2
11191
11417
-1.62
1940
JAN
5028
5030
4911
SUPPORT
SUPP. 1
SUPP. 2
4917
4855
9448
9680
9234
SUPPORT
SUPP. 1
SUPP. 2
9093
8947
9240
9387
RESISTAN
CE
RES. 1
RES. 2
9533
9827
% CHG
VOL
-0.90
31510
PIVOT
LEVELS
4974
RESISTAN
CE
RES. 1
RES. 2
5036
5093
GUARGUM
PIVOT
INTRADAY
LEVELS
4980
INTRADAY
TURMERIC
APR
CLOSE
CASTORSEED
PIVOT
INTRADAY
LEVELS
LOW
-1.16
30995
JAN
12060
12390
11610
SUPPORT
SUPP. 1
SUPP. 2
11543
11187
11900
PIVOT
INTRADAY
LEVELS
11967
RESISTAN
CE
RES. 1
RES. 2
12323
12747
-3.02
6011
EXPIRY DATE
NCDEX INDICES
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA
20-01-2015
15240.00
-315.00
-2.03%
CORIANDER
20-01-2015
10966.00
-181.00
-1.62%
TURMERIC
20-04-2015
9240.00
-108.00
-1.16%
20-01-2015
4980.00
-45.00
-0.90%
20-01-2015
1421.00
-9.00
Index
Value
Pre.
Close
%
Change
CASTORSEED
4980
5025
-0.90
CHANA
3480
3455
+0.72
CORIANDER
10966
11147
-1.62
GUARGUM
11900
12270
-3.02
JEERA
15240
15555
-2.03
MUSTARD SEED
4238
4248
-0.24
SOYABEAN
3367
3346
+0.63
TURMERIC
9240
9348
-1.16
-0.63%
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
20-01-2015
645.30
6.55
1.03%
CHANA
20-01-2015
3480.00
25.00
0.72%
SOYABEAN
20-01-2015
3367.00
21.00
0.63%
BARLEY
20-01-2015
1623.00
8.00
0.50%
GUR
20-01-2015
974.00
2.00
0.21%
Commodities In News
Stockiest liquidation continued in coriander prices as prices declined by
almost Rs 100 per quintal at Kota mandi due to favourable rainfall in major
coriander states Madhya Pradesh and Rajasthan. Traders are expecting further
selling in the near term.
Bearish trend resumed in chana prices due to favourable rainfall in major
producing states. The prices were declined by Rs 100 per quintal to trade at Rs
3500 per quintal. Traders stated that total arrivals were reported at 70 motors,
unchanged from the last day. Traders are expecting strong surge in chana
prices in the next marketing season due to limited supplies of old and new
crop.
Jeera dropped today after a radical surged in last few weeks capped demand.
Prices soared in last few days on good buying support following persistent
worries over the acreage. The commodity is quoting at Rs 15223, down Rs 25
per quintal on the day. These are the highest levels in around 15 months for
the commodity. The total daily arrivals stand at 8000 bags, reverting to the
average 7000/8000 bags last week but considerably lower compared to peak
season. Overseas demand remains strong. Rajasthan crop is seen taking a hit
to the tune of around 30% on poor weather.
Low sowing area and weather conditions are likely to have an impact on the
mustard seed output in India. Around 15 per cent fall in output is expected on
the back of lower area coverage and crop damage due to cold
weather.According to a government data, mustard seed has been sown in 6.3
million hectare this year against 6.65 million hectare last year. Rajasthan,
Madhya Pradesh, the two top mustard seed producing states, has suffered
steep fall in output.Mustard is exclusively grown in the rabi season. The seed
is sown during OctoberNovember and the harvest will take place in lateFebruary to early April.Mustard seed output has been tracking an inconsistent
trajectory for the past five years. It posted a record output of 8.18 million
tonnes(mt) in 2010-11.
ECONOMIC NEWS
Sugar mills in Uttar Pradesh(UP), India's second largest sugar
producung state, have told the government that they are unable to pay
even the Fair and Remunerative Price (FRP) for sugarcane.The Uttar
Pradesh Sugar Mills Association (UPSMA) said the low demand and
falling prices of sugar have forced them into such a depressing
situation.Under the tagging policy, factories are not in a position to
make payment of even 200 a quintal of cane. You will appreciate that
the current sugar prices do not even allow payments at Fair &
Remunerative Price i.e. 220 for 2014-15, Delayed commencement of
crushing in UP (owing to delayed cane price fixation by the State
Government) is likely to impact the sugar production from the state
which could be lower than expected (6.0 million MT) in SY15.India's
Sugar production upto 15th December 2014, in the current 2014-15
sugar season stands at 42.25 lakh tonnes. This is about 13.5 lakh
tonnes more than the production in the last sugar season, upto the
corresponding period, of 28.77 lakh tonnes, according to ISMA.
02-Jan-15
01-Jan-15
Change
AMRAVATI
6000
8500
-2500
MEHSANA
45000
50000
-5000
RAJKOT
4300
5100
-800
PATAN
4200
13360
-9160
DEESA
1250
5755
-4505
BHIWANI
1500
1500
UNCH
GONDAL
2068
2244
-176
Technical Outlook
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