This daily commodity report provides information on price movements and technical analysis for various agricultural commodities. It summarizes the intraday levels and short term trends for turmeric, coriander, and guargum, noting they are currently bearish. It also shares the most active contracts, top gainers and losers, and commodities in news, including reports on soybean and coriander futures rising and PM Modi calling for a second green revolution focused on eastern India. The report concludes with technical trading recommendations to sell coriander and buy guargum and turmeric based on support and resistance levels.

1. DAILY AGRI COMMODITY REPORT
30September 2016
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2. Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
SEP 7136 7264 7090 7258 2.28 8440
INTRADA
Y LEVELS
SUPPORT SUPP.1
7144
SUPP. 2
7030
PIVOT
7204
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7318
RES. 2
7378
CORIANDER
SEP 7574 7720 7574 7687 +1.63 3020
INTRADAY
LEVELS
SUPPORT SUPP.1
7601
SUPP. 2
7514
PIVOT
7660
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7747
RES. 2
7806
GUARGUM
OCT 6640 6690 6510 6590 -0.15 18764
INTRADAY
LEVELS
SUPPORT SUPP. 1
6503
SUPP. 2
6417
PIVOT
6597
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6683
RES. 2
6777
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed - - -
Chana - - -
Coriander 7687 7564 1.63
Guargum 6590 6600 -0.15
Jeera 17240 17465 -1.29
Mustard seed 4535 4568 -0.72
Soybean 3202 3203 -0.03
Turmeric 7258 7096 2.28
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-10-2016 7258.00 120.00 1.68%
CORIANDER 20-10-2016 7687.00 122.00 1.61%
MAIZE -
FEED/INDUSTRIAL
GRADE
20-10-2016 1619.00 21.00 1.31%
WHEAT 20-10-2016 1755.00 8.00 0.46%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
JEERA 20-10-2016 17240.00 -210.00 -1.20%
COTTON SEED OIL CAKE
AKOLA
20-12-2016 1958.00 -21.00 -1.06%
RAPESEED-MUSTARD
SEED
20-10-2016 4535.00 -30.00 -0.66%

4. Commodities In News
4
ECONOMIC NEWS
 Prime Minister Narendra Modi on Sunday called for second Green
Revolution, saying it should start immediately from eastern India. He
said Indian agriculture has been lagging in several areas including inputs,
irrigation, value addition and market linkages and his government was
committed to modernizing the sector and making it more productive. "We
have seen the first Green Revoltuion but it happened several years ago.
Now it is the demand of time that there should be second Green Revolution
without any delay. And where is it possible? It is possible in eastern UP,
Bihar, West Bengal, Jharkhand, Assam, Odhisa," Modi said while laying
foundation stone of Indian Agricultural Research Institute at Barhi. He said
the government was taking steps to train youth in soil testing so that such
labs could be set up on the pattern of pathological labs for humans. "This
will also lead to job creation," he added. "The production of pulses in the
country is very low and I urge farmers that if they have five acres of
farming land, use four acres for other crops but cultivate pulses on at least
one acre," Modi said.
 Multi commodities exchange has increased transaction charges for agri
and non agri commodities effective 1 October this year. The charges for
non agri commoditieswere last revised in February 2014. For non agri
commodities for daily average turnover upto Rs 350 crore charges have
been raised from Rs 2.10 per Rs. One lakh of turn over to Rs 2.60 and for
incremental turnover above Rs 350 crore it has been revised from Rs 1.40
to Rs.1.75. According to circular issued today by the exchange, for non
agri commodities, transaction charges have been made equal and only one
slab of Rs 1.75 has been fixed. Earlier for turnover upto Rs 20 crore
charges were Rs 0.75 and on incremental turnover above Rs 20 core
charges were Rs 0.50. In another circular MCX has removed various
charges and fees that is being levied to the Members of the Exchange. This
is also coming in force from October 1.
 Soybean futures traded higher on NCDEX due to supply worries in
domestic market following report of lower acreages from the producing
belts. Further, improved demand in export market too fuelled the
uptrend. The contract for October delivery was trading at Rs 3208.00,
up by 0.16% or Rs 5.00 from its previous closing of Rs 3203.00. The
open interest of the contract stood at 55150 lots. The contract for
November delivery was trading at Rs 3241.00, up by 0.03% or Rs 1.00
from its previous close of Rs 3240.00. The open interest of the contract
stood at 94800 lots on NCDEX.
 Coriander futures edged higher on NCDEX as speculators enlarged
their holdings, tracking rising demand in the spot market. Besides,
restricted arrivals from major producing belts also added support to
coriander prices’ uptrend. The contract for October delivery was
trading at Rs 7624.00, up by 0.79% or Rs 60.00 from its previous
closing of Rs 7564.00. The open interest of the contract stood at 12210
lots. The contract for November delivery was trading at Rs 7482.00, up
by 0.69% or Rs 51.00 from its previous closing of Rs 7431.00. The
open interest of the contract stood at 2940 lots on NCDEX.
 Turmeric futures surged on NCDEX on rising demand at the spot
market. Further, forecast of heavy rains in Telengana and Maharashtra
which damages standing turmeric crop too fuelled the uptrend. The
contract for October delivery was trading at Rs 7246.00, up by 2.11%
or Rs 150.00 from its previous closing of Rs 7096.00.The open interest
of the contract stood at 13300 lots. The contract for November delivery
was trading at Rs 7256.00, up by 1.77% or Rs 126.00 from its previous
closing of Rs 7130.00. The open interest of the contract stood at 9060
lots on NCDEX.
 Jeera futures traded higher on NCDEX due to uptick in domestic as
well as exports demand in the spot market. Further, expectation of
better crop next year capped some gains.

5. Technical Outlook
5
SELL CORIANDER OCT BELOW 7650 TARGET 7605 7505 SL
ABOVE 7715
BUY GUARGUM OCT ABOVE 7700 TARGET 7750 7820 SL
BELOW 7640
BUY TURMERIC OCT ABOVE 7260 TARGET 7304 7364 SL
BELOW 7200

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