AGRI COMMODITY MARKET LEVEL (SUPP. & RESIST) & NEWS REPORT 16 DEC 2016.

AGRI   COMMODITY MARKET OUTLOOK

Jeera Jan NCDEX: Prices re-penetrated the cluster EMA resistance of 17670 levels in yesterday’s trading session. But, it is required to break the resistance of 17900 for the strong upside rallies to continue towards 18030 followed by 18160 or even higher to 18300 levels. Else, could see a choppy trading session with regular profit booking.

Soybean Jan NCDEX: If prices successfully trades above the support of 3080 could see upside rallies towards 3110/3125 levels. On the other side, if prices puncture the support of 3050 could see downfall towards 3000 regions.

Turmeric Apr NCDEX: Profit booking is likely to continue towards 7010/6900 levels.

Dhaniya Jan NCDEX: As prices cleared the downside support of 7800, expect to see lower correction towards 7600/7500 levels.

NCDEX Market update:-

JEERA

PP- 17665

R1- 17830                                              S1-17560

R2- 17935                                              S2-17395

TURMERIC

PP- 7099

R1- 7149                                                S1-6967

R2- 7255                                                S2-6947

CORIANDER

PP- 7714

R1- 7799                                                 S1-7583

R2- 7930                                                 S2-7498

SOYBEAN

PP- 3087

R1- 3098                                                S1-3068

R2- 3117                                                S2-3057

MUSTERED OIL

PP- 4565

R1- 4578                                                S1-4551

R2- 4592                                                S2-4538

GAUR SEED

PP- 3332

R1- 3342                                                 S1-3316

R2- 3358                                                 S2-3306