KOCHI, India -- INTRADAY VIEW.

· NCDEX Chana September:- The trend in NCDEX Chana September delivery is positive and further up-tick is expected in the near term. For intra-day, support for the commodity is seen at 2780 while 2900 is the resistance. Traders may buy around 2820 with the stop loss of 2780 for the target of 2900

· Turmeric (Sep.):- Turmeric for September delivery may trade positive on Wednesday. Resistance: 4675, 4620.Support: 4980, 5040

· NCDEX Castor seed (Sep.):-NCDEX Castor seed for September delivery may trade negative on Wednesday Resistance:3580,3510 Support: 3465, 3420

· NCDEX Soybean Soy Oil negative on weak fundamentals; further short covering expected: both Soybean and Soy Oil prices on NCDEX are exhibiting

· Positive trend only due to short covering. Over all fundamentals look negative.



AGRI TRENDS

SOYABEAN (18 OCT.) TREND: CONSOLIDATE RES 1: 3115 RES 2: 3170 SUPP 1: 3000 SUPP 2: 2965 STRATEGY: BUY ON DIPS

DHANIYA (20 SEP.)TREND: CONSOLIDATE RES 1:5680 RES 2: 5760 SUPP 1: 5430 SUPP 2: 5355 STRATEGY: BUY ON DIPS

CHANA (20 SEP.) TREND: CONSOLIDATE RES 1: 2860 RES 2: 2890 SUPP 1: 2780 SUPP 2: 2730 STRATEGY: BUY ON DIPS

CASTORSEED (20 SEP.) TREND: BULLISH RES 1: 3505 RES 2: 3545 SUPP 1: 3430 SUPP 2: 3395 STRATEGY: BUY ON DIPS



MARKETWRAP.

· Dhaniya recovers on fresh buying:- NCDEX Dhaniya September contract is closed up by 4% and hit upper circuit on Tuesday.

· Guarseed,Guargum:- Guar seed and Guar gum is up by more than 3% today’s trading session

· Refined Oil: - NCDEX Refined Oil September contract is closed up by 1.26% on Tuesday.

· Soybean:- NCDEX Soybean Octoberber contract closed @3064 up by2.24% on Tuesday. Open:3010 High:3073 Low:3010 Close:3064

· Castor seed:- NCDEX Castor seed September contract closed down by -66 on Tuesday And registering loss of 1.85% open:3546 High:3563 Low:3460 close:3541

· Chana :- Chana September contract has lost 4%.on Tuesday .





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