Money Maker Research Pvt. Ltd.

Daily Agri Newsletter

29 APRIL 2015

www.moneymakerfinancial.com An ISO 9001-2008 Company

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H E A D L I N E S

Mentha oil sheds on weak overseas

demand

Soyoil futures fell on Tuesday on profit-taking, while weak

cues from Malaysian palm oil futures also weighed on

sentiment. Malaysian palm oil futures slid to an eight-month

low as the ringgit continued to gain traction, The June

soybean ended down 1.77 percent at 4,042 rupees per 100

kg.

Chana ended weaker on selling at

higher levels subdued local demand

Turmeric futures edged down on

higher stocks

Turmeric futures edged down on higher stocks and less local

demand. though forecast of a poor monsoon restricted sharp

fall. The May contract edged down 0.09 percent at 8,668

rupees per 100 kg.

Chana ended weaker on selling at higher levels amid

subdued local demand, though fears of crop damage due to

unseasonal rains limited losses. The May contract ended

down 0.45 percent at 4,207 rupees per 100 kg.

SCRIP CLOSE CHANGE %

CHANGE R2 R1 S1 S2 STRATEGY

MENTHA OIL (APR )

971.5 -15.6 -1.58 1000 985 955 940 SELL ON

HIGH

CARDAMOM (APR)

850 13.8 1.65 980 865 850 835 SELL ON

HIGH

SOYBEAN (JUN )

4033 -82 -1.99 4120 4080 3980 3950 SELL ON

HIGH

CHANA (MAY )

4200 -26 -0.62 4300 4250 4150 4100 SELL ON

HIGH

CASTORSEED (MAY )

3728 -74 -1.95 3810 3770 3700 3670 SELL ON

HIGH

RM SEED (MAY )

3801 -64 -1.66 3890 3845 3765 3730 SELL ON

HIGH

DHANIYA (MAY )

10228 115 1.14 10700 10500 10000 9800 SELL ON

HIGH

JEERA (MAY )

18190 315 1.76 18800 18500 17900 17600 SELL ON

HIGH

TURMERIC (MAY )

8650 -26 -0.3 9100 8900 8500 8300 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 SOYBEAN JUNE BELOW 4030 AND MAINTAIN STOP LOSS ABOVE

4080. WE CAN SEE THE TARGETS AROUND 3980/3930

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