DAILY AGRI REPORT 20-MAR-2014
NCDEX DAILY Newsletter
AGRI COMMODITY DAILY WRAP UP…..!!!! JEERA FUTURE Jeera rates failed to recover even as arrivals fell somewhat after the recent Festive season Holidays. Arrivals are however expected to pick up strongly in coming 2-3 days in Gujarat, which can pressurize the markets further. Overall Fundamentals remained weak and with Rajasthan arrivals too set to rise in coming days, the uptrend may be limited. 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 9440 TGTS 9470,9520 SL 9390 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 4785 TGTS 4815,4865 SL 4735 SELL GUARSEED APR BELOW 4720 TGTS 4690,4640 SL 4770
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NCDEX DAILY Newsletter
NCDEX DAILY TECHNICAL LEVELS GUARGUM HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY GUARGUM APR ABOVE 13030 TGTS 13080,13150 SL 12930 SELL GUARGUM APR BELOW 12840 TGTS 12790,12690 SL 12940 5|Page WWW.EPICRESEARCH.CO CALL: +917316642300
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NCDEX DAILY Newsletter
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