17 april 2015 agri report

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Money Maker Research Pvt. Ltd. Daily Agri Newsletter 17 APRIL 2015 www.moneymakerfinancial.com An ISO 9001-2008 Company

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Page 1: 17 april  2015 agri Report

Money Maker Research Pvt. Ltd.

Daily Agri Newsletter

17 APRIL 2015

www.moneymakerfinancial.com An ISO 9001-2008 Company

Page 2: 17 april  2015 agri Report

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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.

Page 3: 17 april  2015 agri Report

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

Page 4: 17 april  2015 agri Report

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

Page 5: 17 april  2015 agri Report

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