Weekly NCDEX News Updates by TheEquicom 07-Jan-14

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  1. 1. `07 JAN.2014Spice ends higher on fresh buyingwww.TheEquicom.com 09200009266Page 1
  2. 2. `MARKET WRAP NCDEX Jeera down by 1.30% on Weak demand: - NCDEX Turmeric April contract closed down on Monday and registering loss of 1.30% Open: 12740, High: 12740, Low: 12465 Close:12550 NCDEX Castorseed up by 0.80% on Strong demand: - NCDEX Castorseed February contract is closed up by 0.80% on Monday. NCDEX Dhaniya:-NCDEX Dhaniya February contract is closed down by 052% on Monday. NCDEX Chana: - NCDEX Chana February contract is down by 0.54% Mondaywww.TheEquicom.com 09200009266Page 2
  3. 3. DAILY MARKET UPDATE `COMMODITYP.CLOSELAST CLOSENET CHANGE % CHANGESOYABEAN (20 Feb.2013)3731.003712.00-19.00-0.51REFINED SOYA OIL (20 Feb.2013)683.85683.10-0.75-0.11DHANIYA (20 Feb.2013)8474.008430.00-44.00-0.52JEERA (20 Mar.2013)12715.0012550.00-165.00-1.30TURMERIC (20 Apr.2013)6858.006852.00-6.00-0.09CHANA (20 Feb.2013)3123.003057.00-66.00-2.11GUARSEED (20 Feb.2013)4675.004670.00-5.00-0.11GUARGUM (20 Feb.2013)12600.0012570.00-30.00-0.24CASTORSEED (20 Feb.2013)4508.004544.0036.000.80RMSEED (18 Apr.2013)3479.003458.00-21.00-0.60www.TheEquicom.com 09200009266Page 3
  4. 4. INTRADAY VIEW ` Soybean (Fab.) and Soy Oil (Fab.):- soybean and soy oil futures are exhibiting negative sentiments due to profit booking at higher levels. However, both commodities are expected to remain positive for near term by marriage season demand, according to our analyst at TheEquicom. Dhaniya (Fab.) - The trend in NCDEX Dhaniya February contract is positive and further up-tick is expected in the near term. For Intraday, support for the commodity is seen at 7850. Traders may buy around 7890 with the stop loss of 7845 for the target of 8235. NCDEX Turmeric (Apr.):-NCDEX Turmeric for April contract may trade positive on next trading session. Resistance: 6700, 6820 Support: 6020, 5960. Expect further up-tick in Chana prices (Fab.):- Technically, the trend in NCDEX chana (February delivery looks positive and further up-tick is expected for near term. Support is seen at 2890 while resistance is seen at 3200 level. Traders may buy around 2910 with the stop loss of 2890 for the target of 3185, according to our analyst TheEquicomwww.TheEquicom.com 09200009266Page 4
  5. 5. ` TECHNICAL OUTLOOKSOYABEAN (20 Fab.) `TREND STRATEGY CONSOLIDATE BUY ON DIPSRESISTANCE 3795 3885SUPPORT 3695 3620www.TheEquicom.com 09200009266Page 5
  6. 6. `DHANIYA (20 Fab.) TREND STRATEGYCONSOLIDATE SELL ON HIGHRESISTANCE8580 8710SUPPORT8265 8090www.TheEquicom.com 09200009266Page 6
  7. 7. `CHANA (20 Fab.) TREND STRATEGY CONSOLIDATE BUY ON DIPSRESISTANCE 3150 3194SUPPORT 3015 2985www.TheEquicom.com 09200009266Page 7
  8. 8. `Refined soya oil (20 Fab.) TREND STRATEGY CONSOLIDATE BUY ON DIPSRESISTANCE 709 716SUPPORT 677 668www.TheEquicom.com 09200009266Page 8
  9. 9. `SUPPORT RESISTANCE COMMODITYS1:12250 S2:12110R1:4930S1:4180 S2:4040R1: 5520S1:4000 S2:3935R1: 709.00S1: 685.00 CONSOLIDATE BUY ON DIPS S2: 680.00R1: 3195S1:2960R2: 3270S2:2885R1:3935S1:3520R2:3965S2:3490R1:6705S1:6145R2:6760CHANAR1:13210R2:715.00REFINED OILMarchR2: 5580GUARSEEDSUPPORTR2:4995CASTORSEEDRESISTANCER2:13385JEERA UNJHACONTRACTS2:6095FebruaryFebruaryFebruaryFebruaryRMSEEDAprilTURMERICAprilwww.TheEquicom.com 09200009266TRENDSTRATAGEYCONSOLIDATE BUY ON DIPSCONSOLIDATE BUY ON DIPSCONSOLIDATE BUY ON DIPSCONSOLIDATE BUY ON DIPSCONSOLIDATE BUY ON DIPSCONSOLIDATE BUY ON DIPSPage 9
  10. 10. `Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. TheEquicom recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. TheEquicom shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NCDEX. The commodity price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which JULY arise from the recommendations above. TheEquicom does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.www.TheEquicom.com 09200009266Page 10