Oct 08, 2014 - Moneycontrol

DAY’S PICKS
A daily technical report on Agricultural Commodities
8 October 2014
Today’s Picks
SELL CHANA BELOW 2735
SELL GUR ON PULLBACKS
SELL SOYBEAN BELOW 5900
www.geojitcomtrade.com
Geojit Comtrade Research Desk, Kochi
Analyst: Vinod TP
DAY’S PICKS
8 October 2014
A daily technical report on Agricultural Commodities
||
Jeera Oct NCDEX: Jeera prices witnessed a
recovery rally and later closed the day at
10745. Prices held above the horizontal trend
line support of 10580 and any trades above
the same could see a relief rally towards
10810 followed by 11000/11200 levels.
However, daily RSI (14) is seems to be neutral
for the day. Meanwhile, a direct fall below
10580 with volume could see deep correction
towards 10420 levels in the immediate run.
Supports
10720
Turnaround
levels
10580-11020
Resistances
10810
10580
11000
10420
11200
Gur Nov NCDEX: Gur prices nosedived from
the high of 971 and later closed at 957.50. As
prices broke the horizontal trend line support
of 966 could continue its current downside
correction towards 952 followed by 945 and
then 926 levels in the near term. Also, the
daily RSI (14) seems supportive for the
current selloffs. However, any direct rise
above 975 could see short covering rallies
towards 990 followed by 1005 levels in the
near term.
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Supports
Turnaround
levels
Resistances
952
952-975
966
945
975
926
990
Geojit Comtrade Research Desk, Kochi
DAY’S PICKS
8 October 2014
Commodity
A daily technical report on Agricultural Commodities
Intraday
view
Technical Commentary
Kapas April NCDEX
As prices are able to hold above 800 could see short covering rallies followed by
824 levels.
Cocudakl Dec NCDEX
As long as prices stays above 1357 could see pullbacks to 1385/1400 levels.
However, breaking the support of 1357 could exhibit deep correction to
1341/1320 levels.
Refined Soy oil Oct NCDEX
As prices placed above the firm support of 606, expect to see moves higher
towards 616 followed by 620 levels. Below 606 could see present corrective
selloffs towards 604-600 regions.
Cardamom Nov MCX
As prices broke the immediate support of 842, could continue its downfall
towards 815 followed by 775 levels in the near term.
Chana Oct NCDEX
Prices need to break the support of 2735 for the following correction towards
2700/2680 levels.
CPO Oct MCX/NCDEX
Break above 467.20 could see sharp rallies to 469/472 levels.
Castor seed Oct NCDEX
Though profit booking on progress, If prices are able to stay above 4320 could
see recovery rally towards 4440 followed by 4600 levels. Breaking the support
of 4320 could continue its correction to 4130 levels.
Dhaniya Oct NCDEX
If prices break the support of 11700, could see correction towards 11550
initially followed by strong selloffs to 12200 levels. Upside moves are seen only
a successful close above 12000 levels for short term.
Soybean Oct NCDEX
If prices breaks the support of 2990 with strong volume could see deep
correction to 2960/2930 levels.
Menthaoil Oct MCX
Inability to trade above 693, sentiments likely to be on the weaker side and
expect moves towards 650/630 levels. Above 693 could exhibit strong reversal
rallies.
Turmeric Sep NCDEX
Prices need to clear the support of 5900 for the selling pressure to continue
towards 5835 followed by 5760 levels.
www.geojitcomtrade.com
Geojit Comtrade Research Desk, Kochi
DAY’S PICKS
8 October 2014
COMMODITY
CONTRACT
A daily technical report on Agricultural Commodities
TECHNICAL LEVELS FOR AGRI COMMODITIES
LTP
S3
S2
S1
PIVOT
R1
R2
R3
SPICES
Jeera
OctNCDEX
10740.00
10492
10563
10652
10723
10812
10883
10972
Turmeric
OctNCDEX
5990.00
5766
5834
5912
5980
6058
6126
6204
Cardamom
NovMCX
827.90
791.5
806.2
817.1
831.8
842.7
857.4
868.3
Dhaniya
OctNCDEX
11832.00
11221 11499
PULSES
11665
11943
12109
12387
12553
Chana
Guarseed
OctNCDEX
SepNCDEX
2761.00
5860.00
2724
5573
2750
5773
2765
5887
2776
5973
2791
6087
2802
6173
Guargum
OctNCDEX
16160.00
15867
16043
16337
16513
16807
Soybean
RM seed
CPO
Soyoil
OctNCDEX
OctNCDEX
OctMCX
OctNCDEX
3003.00
3627.00
460.00
607.10
2885
3578
459.0
603.7
2938
3597
459.3
605.4
2970
3612
459.7
606.2
3023
3631
460.0
607.9
3055
3646
460.4
608.7
3108
3665
460.7
610.4
3140
3680
461.1
611.2
Castor seed
OctNCDEX
4391.00
4203
4289
CEREALS
4340
4426
4477
4563
4614
Wheat
Maize
OctNCDEX
OctNCDEX
1578.00
995.00
1570
991
1579
994
1588
998
1597
1001
1606
1005
Menthaoil
Cocud*
OctMCX
DecNCDEX
677.40
1368.00
1552
1561
984
987
OTHERS
658.4
665.7
1352
1359
671.5
1364
678.8
1371
684.6
1376
691.9
1383
697.7
1388
Kapas
AprNCDEX'15
796.50
793.3
794.2
795.3
796.2
797.3
798.2
799.3
Sugar
Gur
OctNCDEX
NovNCDEX
2922.00
957.50
2919
937
2921
947
2921
952
2923
962
2923
967
2925
977
2925
982
2739
5687
15397 15573
OIL & OIL SEEDS
* Cottonseed oil cake
www.geojitcomtrade.com
Geojit Comtrade Research Desk, Kochi
DAY’S PICKS
8 October 2014
A daily technical report on Agricultural Commodities
Disclaimer
Trading/investing in Commodity Derivatives involves considerable risk and you may lose part or all of the initial
investment. It is not ideal for all types of investors, and you are advised to seek professional assistance before the same.
Past performance may not necessarily be repeated in the future. The news and views posted on this report are based on
information, which are believed to be accurate. They are provided to enable you to make your own investment decisions
and should not be construed as investment advice. The author, directors and/or employees of Geojit Comtrade cannot be
held responsible for the accuracy of the content posted on this report or for decisions taken by the readers based on such
information.
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Civil Line Road, Padivattom
Kochi-682 024, Kerala
Email: [email protected], [email protected]
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Geojit Comtrade Research Desk, Kochi

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