Tuesday 3 July 2012

Agri Market Levels for 3 July

CHANA (20 JULY)
TREND: CONSOLIDATE
RES 1: 4425
RES 2: 4510
SUPP 2: 4365
SUPP 2: 4300
STRATEGY: BUY ON DIPS

Desi chana gained between Rs 50-100 per quintal in major trading centers of Maharashtra, Chhattisgarh, MP, Karnataka, Rajasthan and UP on fresh physical trade against sharp movement on future exchanges.  

SOYABEAN (20 JULY)
TREND: BULLISH
RES 1: 4020
RES 2: 4100
SUPP 2: 3950
SUPP 2: 3900
STRATEGY: BUY ON DIPS

Soybean traded up in major spot markets of Madhya Pradesh and Maharashtra Monday on firm tone in futures and dry weather in USA which may impact crop output.  

TURMERIC (20 JULY)
TREND: BULLISH
RES 1: 4250
RES 2: 4325
SUPP 2: 4160
SUPP 2: 4100
STRATEGY: BUY ON DIPS

Turmeric gained Rs 100 per quintal in Erode, Nizamabad and Sangli Monday on delay in rains and firmness in futures market. 

RMSEED (20 JULY)
TREND: CONSOLIDATE
RES 1: 3980
RES 2: 4020
SUPP 2: 3920
SUPP 2: 3890
STRATEGY: SELL ON HIGHS


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