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28 MAR.2014

Analyst speaks:Oil and Oil Seed price higher On high buying activity

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MARKET WRAP
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1.85

NCDEX Dhaniya up by 1.55% on strong demand: - NCDEX Dhaniya April contract closed up and registering profit of 1.55% on Thursday Open:9020, High:9150, Low:9004, Close:9127, NCDEX Castorseed up by 1.18% on Strong demand:-NCDEX Turmeric April contract is closed up by 1.18% on Thursday. NCDEX Chana : - NCDEX Chana April contract is closed up by 0.46% on Thursday.

NCDEX Soyabean:- NCDEX Soyabean April contract closed @4276 up by 1.77% on Thursday. Open:4202, High:4280, Low:4202, Close:4276.

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DAILY MARKET UPDATE

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COMMODITY

P.CLOSE

LAST CLOSE

NET CHANGE % CHANGE

SOYABEAN (18 Apr.2013)

4199.00

4276.00

77.00

1.83

REFINED SOYA OIL (18 Apr..2013)

706.00

706.60

0.60

0.08

DHANIYA (18 Apr.2013)

9025.00

9127.00

102.00

1.13

JEERA (18 Apr..2013)

10090.00

10115.00

25.00

0.25

TURMERIC (18 Apr.2013)

6314.00

6330.00

16.00

0.25

CHANA (20 Feb.2013)

3271.00

3287.00

16.00

0.49

GUARSEED (18 Apr..2013)

4640.00

4825.00

185.00

3.99

GUARGUM (18 Apr..2013)

12510.00

12980.00

470.00

3.76

CASTORSEED(18 Apr..2013)

4140.00

4196.00

56.00

1.35

RMSEED (18 Apr.2013)

3428.00

3440.00

12.00

0.35

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INTRADAY VIEW
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Expect further up-tick in Chana prices (Apr.):- Technically, the trend in NCDEX Chana April delivery looks positive and further up-tick is expected for near term. Support is seen at 3150 while resistance is seen at 3360 level. Traders may buy around 3190 with the stop loss of 3150 for the target of 3320, according to our analyst TheEquicom NCDEX Dhaniya (Apr.):NCDEX Dhaniya looking for intraday will be sideways to bullish.NCDEX Dhaniya for April contract may trade positive on next trading session. Resistance: 9040, 9150 Support: 8640, 8520.

Soybean (Apr.):-Technically, the trend in NCDEX soybean

for November delivery looks range bound. However, it is likely to remain positive during intra-day trade. Intra-day support for the commodity is seen at 4100 while resistance at 4290 level. Traders may buy around 4120 with the stop loss of 4080 for the target of 4250, according to our analyst at TheEquicom.

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TECHNICAL OUTLOOK `

SOYABEAN (18 Apr.)

TREND STRATEGY RESISTANCE
CONSOLIDATE BUY ON DIPS
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4360 4390 4160 4100

SUPPORT

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Turmeric (18 April.)

TREND STRATEGY RESISTANCE SUPPORT
CONSOLIDATE SELL ON HIGH 6690 6720 6200 6145

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CHANA (18 April.)

TREND STRATEGY
CONSOLIDATE BUY ON DIPS 3430 3580 3210 3090

RESISTANCE

SUPPORT

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Refined soya oil (18 Apr.)

TREND STRATEGY RESISTANCE
CONSOLIDATE BUY ON DIPS 712 722 702 695

SUPPORT

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SUPPORT RESISTANCE
COMMODITY CONTRACT RESISTANCE SUPPORT TREND STRATAGEY

JEERA UNJHA

April

R1:11810 R2:11985

S1:9580 S2:9650 S1:4020 S2:2980 S1:4000 S2:3935

BEARISH

SELL ON HIGH

CASTORSEED

April

R1:4930 R2:4995

CONSOLIDATE BUY ON DIPS

GUARSEED

April

R1: 5520 R2: 5580

CONSOLIDATE BUY ON DIPS

REFINED OIL

April

R1: 725.00 R2: 732.00

S1: 702.00 CONSOLIDATE BUY ON DIPS S2: 695.00

CHANA

April

R1: 3460 R2: 3595

S1:2960 S2:2885 S1:3240 S2:3210 S1:6145 S2:6095

CONSOLIDATE SELL ON HIGH

RMSEED

April

R1:3645 R2:3765

CONSOLIDATE BUY ON DIPS

TURMERIC

April

R1:7560 R2:7760

CONSOLIDATE BUY ON DIPS

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