DAILY AGRI REPORT 19-MAR-2014
NCDEX DAILY Newsletter
AGRI COMMODITY DAILY WRAP UP…..!!!! CORIANDER FUTURE Coriander futures are likely to trade higher on forecast of lower output due to untimely rains in major producing areas of Madhya Pradesh and Rajasthan. As per market source, extremely low temperatures and unseasonal rains in Madhya Pradesh and Rajasthan have affected 20-25 percent of the total acreage. However, rising supply of new crop in Kota and Ramganj markets might cap major gains. MENTHA OIL FUTURE From the last few session, spot market activities have been remaining somewhat sluggish due to weak domestic demand. The abatement of cold wave conditions has limited bulk-buying activities from the pharmaceutical segments as they already have stocks in their pipeline. This is majorly supporting the falling trend of mentha oil prices. Based on the market sources, we are expecting the carryover stocks to be around 30%, which is around 10% higher than last year’s ending stocks. CHANA FUTURE Chana futures are expected to trade on a negative note today. Prices may decline extending previous day’s losses on long liquidation as well as improvement in the weather. Arrivals will also pick up pace once the weather turns favorable.No sharp downside is expected on the back of persistent heavy rains in the major growing states. Rains have not only caused yield damage but have also disrupted arrivals of fresh crop. SOYABEAN FUTURE Soybean futures are expected to trade on a mixed to negative note tracking weakness in the overseas markets and weak soy meal export demand. However, lower supplies may support prices.
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NCDEX DAILY Newsletter
NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA APR ABOVE 9435 TGTS 9465,9515 SL 9385 SELL DHANIYA APR BELOW 9380 TGTS 9350,9300 SL 9430
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NCDEX DAILY Newsletter
NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY GUARSEED APR ABOVE 4870 TGTS 4900,4950 SL 4820 SELL GUARSEED APR BELOW 4700 TGTS 4670,4620 SL 4750 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300
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NCDEX DAILY Newsletter
NCDEX DAILY TECHNICAL LEVELS GUARGUM HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY GUARGUM APR ABOVE 13280 TGTS 12330,12430 SL 13230 SELL GUARGUM APR BELOW 13080 TGTS 13030,12930 SL 13180
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NCDEX DAILY Newsletter
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