Money Maker Research Pvt. Ltd.

Daily Agri Newsletter

6 MAY 2015

www.moneymakerfinancial.com An ISO 9001-2008 Company

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H E A D L I N E S

Indian oilseeds rise on poor spot

supplies

Soyaoil and soyabean futures rose on Tuesday, attracting

fresh buying support amid poor supplies in spot markets. The

May rapeseed contract rose 3.8 percent to 3,969 rupees,

while June soybean futures ended 3.9 percent higher at 4,232

rupees per 100 kg.

Chana futures ended higher as

arrivals of new harvest were lower

than expected

Jeera ended higher on poor market

arrivals

Jeera ended higher on poor market arrivals of the new season

crop. The key May jeera contract rose 1.4 percent to 17,900

rupees per 100 kg.

Chana ended higher as arrivals of new harvest were lower

than expected on recent unseasonal rains in key growing

areas. The May contract ended 4 percent up at 4,372 rupees per 100 kg.

Untimely rains in the last few weeks in the central state of

Madhya Pradesh and in the western state of Maharashtra

damaged the mature chana crop in some districts.

SCRIP CLOSE CHANGE %

CHANGE R2 R1 S1 S2 STRATEGY

MENTHA OIL (MAY )

1014.2 8.1 0.81 1040 1025 1000 985 SELL ON

HIGH

CARDAMOM (MAY)

931.1 52.7 6 975 950 915 900 BUY ON DIPS

SOYBEAN (JUN )

4232 162 3.98 4310 4275 4230 4170 BUY ON DIPS

CHANA (JUN )

4435 170 3.99 4530 4500 4400 4370 BUY ON DIPS

CASTORSEED (JUN )

3860 82 2.17 3930 3900 3830 3800 SELL ON

HIGH

RM SEED (JUN )

4011 142 3.67 4085 4040 3980 3950 SELL ON

HIGH

DHANIYA (JUN )

10852 77 0.71 11300 11000 10700 10500 BUY ON DIPS

JEERA (JUN )

18180 135 0.75 18700 18400 17900 17600 SELL ON

HIGH

TURMERIC (JUN )

8578 92 1.08 8900 8700 8400 8200 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 DHANIYA MAY BELOW 10800 AND MAINTAIN STOP LOSS ABOVE

10900. WE CAN SEE THE TARGETS AROUND 10700/10600

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