DAILY AGRI REPORT 10-APR-2014
NCDEX DAILY Newsletter
AGRI COMMODITY DAILY WRAP UP‌..!!!! CARDAMOM FUTURE Cardamom futures may trade with a positive bias on firm overseas demand . Meanwhile, strong arrivals likely to limit sharp rise in prices.As per market source,the Spices Board of India has allowed cardamom producers to sell their produce directly to dealers licensed by the Board. TURMERIC FUTURE India exported 50500 tonnes of turmeric for Rs.408.28 crore during April-November 2013, up 11 percent and 41 percent respectively in volume and value of exports over the same period last year. The Nizamabad market remained closed from Mar 28 to Apr 2 for the financial year end. CHANA FUTURE Chana futures are expected to trade on a negative note today. Good sowing reports from MP, UP and Rajasthan amidst high stocks, rise in imports and fall in demand have pressurized Chana rates for last few months. As per ministry of Agriculture reports, sown area for Rabi Pulses is projected at a record high 16.2 million. Significant improvement in yield to move above 900kg/ha was also possible due to conducive weather. JEERA FUTURE Jeera futures are expected to trade lower due to selling pressure as arrivals of the new crop are rising sharply in spot markets. The off take is likely to remain limited due to expectation of high output on significant rise in sowing. However, expectations of pick up in export may limit sharp fall in prices. As per the latest data by Gujarat Agriculture Board, total acreage of jeera in the state has been increased by 1.05 lakh hectares from the last year to 4.54 lakh hectares. Traders estimated that total production of jeera is likely to increase by 10 lakh bags to around 46 lakh bags in the current year.
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NCDEX DAILY Newsletter
NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
Dhaniya daily chart shows bullish trend. from the nearest support level expecting bounce back will come & continue its rally RSI is above mid range signs bullishness. Immediate support @ 9635 & Immediate resistance @ 9710.
R1-9787
R2-9895
S1-9545
S2-9411
TRADING STRATEGY: BUY DHANIYA APR ABOVE 9710 TGTS 9740,9790 SL 9660 SELL DHANIYA APR BELOW 9635 TGTS 9605,9555 SL 9695 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300
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NCDEX DAILY Newsletter
NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART
Guarseed apr short term trend looking sideways to bearish in daily chart. Expecting from here onwards guarseed may go down Momentum indicators RSI is below mid range, signs bearishness. In intraday basis immediate support @ 4480 & immediate resistance @ 4630.
R1-4580
R24680
S1-4430
S2-4380
DITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED APR ABOVE 4630 TGTS 4660,4710 SL 4580 SELL GUARSEED APR BELOW 4480 TGTS 4450,4400 SL 4530 ER 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300
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NCDEX DAILY Newsletter
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