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Money Maker Research Pvt. Ltd. Daily Agri Newsletter 12 MAY 2015 www.moneymakerfinancial.com An ISO 9001-2008 Company

12 may 2015 agri

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Page 1: 12 may 2015 agri

Money Maker Research Pvt. Ltd.

Daily Agri Newsletter

12 MAY 2015

www.moneymakerfinancial.com An ISO 9001-2008 Company

Page 2: 12 may 2015 agri

j

H E A D L I N E S

Mustard seed Touches New

Contract High

mustard seed futures have scaled new contract highs on the

account of limited supplies in local mandies and strong

mustard meal demand. The NCDEX futures added 2.07

percent on monday. Traders stated that strong buying have

been reported by mustard meal exporters in local mandies on

the account of strong demand from South Korea.

Jeera Futures Fall Under Rs 18K,

Weak Arrivals Support

Guarseed Drops Heavily Amid

Rainfall Expectations

Guarseed futures slumped as traders locked in profits after

the IMD noted south-west Monsoon is expected to hit the

country on time this year, arriving in Kerala on June 1st this

year. Monsoon is expected to be below normal due to El

Nino factor.

Jeera eased from its intraday highs but remained broadly

supported amid fallingarrivals. Spot Jeera is holding above

Rs 18000 levels amid worries over local output.Tight arrivals in major trading centres have kept Jeera supported in last few

weeks. Jeera closed at Rs 17875 per quintal, up0.34% on the

day.

Page 3: 12 may 2015 agri

SCRIP CLOSE CHANGE %

CHANGE R2 R1 S1 S2 STRATEGY

MENTHA OIL (MAY )

906.2 -13.3 -1.45 936 920 890 875 SELL ON

HIGH

SOYBEAN (JUN )

4227 -104 -2.4 4300 4265 4200 4160 BUY ON DIPS

CHANA (JUN )

4645 -17 -0.36 4785 4740 4605 4570 SELL ON

HIGH

CASTORSEED (JUN )

3810 24 0.63 3880 3840 3770 3720 BUY ON DIPS

RMSEED (JUN )

4096 83 2.07 5070 5030 4050 4010 SELL ON

HIGH

GUARSEED (JUN )

4913 -191 -3.74 5200 5100 4820 4730 SELL ON

HIGH

DHANIYA (JUN )

10560 85 0.81 11000 10800 10200 10000 BUY ON DIPS

JEERA (JUN )

17875 60 0.34 18300 18000 17500 17200 SELL ON

HIGH

TURMERIC (JUN )

8270 -64 -0.77 8550 8450 8250 8100 SELL ON

HIGH

P I V O T T A B L E

P I V O T A B L E

Page 4: 12 may 2015 agri

C H A R T I S T P I C K

SELL CHANA BELOW 4640 AND MAINTAIN STOP LOSS ABOVE 4690. WE

CAN SEE THE TARGETS AROUND 4590/4550.

Page 5: 12 may 2015 agri

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