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Kedia Commodities

Published on 22/01/2021 8:58:48 AM

*KEDIA: AGRI COMMODITY MARKET UPDATE* -  
*  Mentha oil prices dropped due to demand from cosmetics and toiletries sector in India. 
*  Cotton prices gained as support seen after USDA projecting lower opening stocks, production and ending stocks raising hopes of exports from India.
*  Chana gained as Nafed’s unstable chana releasing strategy continues to affect market directly at a time when area is up by 5 %
*  Turmeric dropped due to excess stocks which will be 50-60% of the excess in the current year as carry forward in the next year.
*  Jeera prices gained due to constraints in supply as the end of season approaches.
*  Dhaniya prices dropped as there is a high arrival of new crop and prices are being fixed according to its moisture.
*  Soyabean gained supported by signs of strong demand from both the domestic processing sector as well as the export market.
*  Ref soyoil prices dropped as pressure seen amid the sowing of oilseed crops has increased to 81.80 lakh hectares.
*  Crude palm oil dropped as dismal Jan. 1-20 exports data dragged the market.
*  Mustard seed gained on short covering after prices dropped as India’s 2020-21 mustard crop may touch 100 lakh ton-level.
*  Castor gained amid a fall in acreage, also due to cold wave and frost, crops are sure to be damaged.

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Kedia Commodities

Published on 22/01/2021 8:58:22 AM

*KEDIA: DAILY LEVELS*
*AGRIDEX* - 1155
Resistance: 1158-1162-1165
Support: 1151-1148-1144

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Kedia Commodities

Published on 22/01/2021 8:57:59 AM

*KEDIA: SPICES LEVELS*
*TURMERIC* - 6288
Resistance: 6348-6408-6446
Support: 6250-6212-6152

*JEERA* - 13200
Resistance: 13270-13345-13475
Support: 13065-12935-12860

*DHANIYA* - 6056
Resistance: 6092-6129-6162
Support: 6022-5989-5952

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Kedia Commodities

Published on 22/01/2021 8:57:40 AM

*KEDIA: DAILY LEVELS*
*CHANA* - 4472
Resistance: 4507-4543-4601
Support: 4413-4355-4319

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Kedia Commodities

Published on 22/01/2021 8:57:28 AM

*KEDIA: DAILY LEVELS*
*MENTHAOIL* - 971.1
Resistance: 975.6-980-983.3
Support: 967.9-964.6-960.2

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Kedia Commodities

Published on 22/01/2021 8:57:12 AM

*KEDIA: OILSEED LEVELS*
*SOYABEAN* - 4578
Resistance: 4595-4612-4634
Support: 4556-4534-4517

*RMSEED* - 5636
Resistance: 5664-5691-5736
Support: 5592-5547-5520

*CASTOR* - 4406
Resistance: 4420-4435-4458
Support: 4382-4359-4344

*SOYOIL* - 1078.7
Resistance: 1090-1101-1110
Support: 1070-1061-1050

*CPO* - 930.4
Resistance: 936.7-943-948
Support: 925.4-920.4-914.1

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Kedia Commodities

Published on 22/01/2021 8:57:00 AM

*KEDIA: COTTON COMPLEX LEVELS*
*COTTON* - 21550
Resistance: 21610-21670-21750
Support: 21470-21390-21330

*COCUDAKL* - 2082
Resistance: 2094-2106-2127
Support: 2061-2040-2028

*KAPAS* - 1219.5
Resistance: 1226-1232-1244
Support: 1208-1196-1190

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Kedia Commodities

Published on 22/01/2021 8:56:43 AM

*KEDIA: GUAR COMPLEX LEVELS*
*GUARSEED* - 3991
Resistance: 4031-4070-4123
Support: 3939-3886-3847

*GUARGUM* - 6314
Resistance: 6376-6437-6560
Support: 6192-6069-6008

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Kedia Commodities

Published on 22/01/2021 8:56:16 AM

Cotton prices gained as support seen after USDA projecting lower opening stocks, production and ending stocks raising hopes of exports from India.
India’s cotton exports can touch 65 lakh bales and it can help reduce the country’s huge carryover stocks from last season.
Cotton Corporation introduces lock-in period for prices

Cocudakl prices gains tracking rise in cotton prices as the Cotton Corporation of India plans to export at least 10 lakh bales of cotton during the current season.
CCI had procured almost 85 lakh bales of cotton at minimum support price (MSP) since the beginning of the current cotton season
CCI almost stops procurement as cotton prices rise up to Rs 6,000/quintal

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Kedia Commodities

Published on 22/01/2021 8:55:08 AM

*KEDIA: BULLION LEVELS*
*GOLD* - 49448
Resistance: 49701-49954-50143
Support: 49259-49070-48817

*SILVER* - 67300
Resistance: 67780-68260-68672
Support: 66888-66476-65996

*GOLD$* - 1869.62
Resistance: 1876-1882.4-1890.6-1897.5
Support: 1861.5-1853.3-1846.9-1840

*SILVER$* - 25.94
Resistance: 26.06-26.18-26.36-26.53
Support: 25.75-25.56-25.44-25.27

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