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Please refer to disclaimer at the end of the report.

Commodity Exchange Expiry Price %

Change

Chana NCDEX April 3865 -0.72%

Turmeric NCDEX April 8118 2.45%

Jeera NCDEX April 16840 2.90%

Soyabean NCDEX April 3574 -0.22%

Soyoil NCDEX April 602.5 -0.39%

R M Seed NCDEX April 3570 -0.08%

CPO MCX April 435.2 -0.78%

Sugar NCDEX April 2492 0.00%

Wheat NCDEX April 1440 -1.23%

Mentha Oil MCX April 914.2 2.96%

Castor Seed NCDEX April 3634 -0.30%

Market Overview

� Rapeseed futures fell on Thursday on profit-

taking as fears of crop damage due to untimely

rains eased with clear skies over the growing

belt in the northern regions.

� Local soybean futures ended on a weak note on

correction in the absence of any trigger in spot

markets.

� Soyoil traded weak taking cues from rival palm

oil in Malaysia with increased fears that supplies

would exceed lackluster demand.

� Sugar fell on profit-taking after the previous

session's buying support amid reports of a likely

export incentive to the refined variant.

� Jeera ended higher on worries about lower

output due to untimely rains, and on export

demand. Turmeric ended higher on fears of crop

damage due to rains in the southern region.

� Chana ended lower on profit-taking.

� Guar seed futures ended up on crop damage

fears due to unseasonal rains in the producing

belt of the northern region.

Friday, April 10, 2015

Chart of the Day: Guar seed

�� Our bias for NCDEX Guar Seed (May) continues to

remains positive with short term targets towards

Rs.4650 – 5010. Immediate support is at Rs.4230

whereas critical support remains at Rs.4035. Dip

buying is advised as long as price holds above

supports zone.

��

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Level Playing Sheet

Commodity Exch. Expiry Close S2 S1 Pivot R1 R2 Trend Conviction Intraday Range

Jeera NCDEX April 16840 15733 16287 16783 17337 17833 Bullish Moderate 16535 - 17585

Chana NCDEX April 3865 3752 3809 3898 3955 4044 Bullish Moderate 3781 - 3927

Soybean NCDEX April 3574 3541 3558 3577 3594 3613 Bullish Moderate 3568 - 3604

Soyoil NCDEX April 603 594.2 598.3 601.9 606.1 609.7 Bullish Moderate 596.3 - 604

R M Seed NCDEX April 3570 3515 3543 3581 3609 3647 Bullish Moderate 3529 - 3595

CPO MCX April 435.2 431.2 433.2 435.1 437.1 439.0 Bearish Moderate 432 - 436

Sugar NCDEX April 2492 2468.7 2480.3 2501.7 2513.3 2534.7 Strong Moderate 2475 - 2508

Wheat NCDEX April 1440 1501 1471 1520 1490 1539 Flat Moderate 1486 - 1505

Mentha Oil MCX April 914 876 895 906 926 937 Bullish Moderate 901 - 931

Castor

Seed NCDEX April 3634.0 3576 3605 3637 3666 3698 Bearish Moderate 3591 - 3652

Coriander NCDEX April 9370 8992.7 9181.3 9379.7 9568.3 9766.7 Bullish Moderate 9281 - 9668

For any details contact: Commodities Advisory Desk - +91 22 3958 3600 commoditiesresearch@motilaloswal.com

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