17 april 2015 agri report
TRANSCRIPT
Money Maker Research Pvt. Ltd.
Daily Agri Newsletter
17 APRIL 2015
www.moneymakerfinancial.com An ISO 9001-2008 Company
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H E A D L I N E S
Soyabean, soyoil drop on profit
booking
Soyabean, soyoil down on profit booking driven by a
stronger rupee and a drop in Malaysian palm oil. Malaysian
palm oil futures ended lower for the first time in five days on
concerns that demand in April would be weaker than
anticipated. The June soybean ended 1.6 percent lower at
3,638 rupees per 100 kg.
Jeera futures ended flat as profit-
taking concerns over production
Mentha oil were very volatile
during yesterday’s trading session.
Mentha oil April contract futures prices were very volatile
during yesterday’s trading session. Since the beginning of
the session, mentha oil futures prices are traded on positive
note. During the day, prices took smart corrections. Hence,
menthe oil futures prices ended the day on a negative note at
Rs.974.50/Kg, down by 2.07%.
Jeera futures ended flat as profit-taking offset concerns over
production. The key May jeera contract eased 0.06 percent to
17,590 rupees per 100 kg.
SCRIP CLOSE CHANGE %
CHANGE R2 R1 S1 S2 STRATEGY
MENTHA OIL (APR )
975 -20.1 -2.02 1005 990 960 945 SELL ON
HIGH
CARDAMOM (APR)
859.5 12.7 1.5 890 875 845 830 BUY ON DIPS
SOYBEAN (JUN )
3644 -52 -1.41 3730 3685 3600 3565 SELL ON
HIGH
CHANA (MAY )
4001 -5 -0.12 4100 4050 3950 3900 SELL ON
HIGH
CASTORSEED (MAY )
3705 -20 -0.54 3770 3735 3670 3635 SELL ON
HIGH
RM SEED (MAY )
3667 -31 -0.84 3730 3700 3630 3600 SELL ON
HIGH
DHANIYA (MAY )
9631 370 4 10000 9800 9400 9200 SELL ON
HIGH
JEERA (MAY )
17775 175 0.99 18200 18000 17500 17300 SELL ON
HIGH
TURMERIC (MAY )
8594 68 0.8 8800 8650 8450 8350 SELL ON
HIGH
P I V O T T A B L E
C H A R T I S T P I C K
SELL CHANA MAY BELOW 3975 AND MAINTAIN STOP LOSS ABOVE
4025. WE CAN SEE THE TARGETS AROUND 3940/3900
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