DAILY AGRI REPORT 4-APR-2014
NCDEX DAILY Newsletter
AGRI COMMODITY DAILY WRAP UP‌..!!!! JEERA FUTURE Jeera futures are expected to trade on a mixed to negative note. Higher arrivals as well as record high output expectations this season may pressurize prices. However, lower level buying as well as overseas demand may upport prices at lower levels. SOYABEAN FUTURE Soybean futures are expected to trade on a mixed to positive note supported by tight domestic supplies. However, weak soy meal export demand coupled with a correction in the overseas markets may cap the upside. Profit taking may also be seen at higher levels. GUARSEED FUTURE Higher production reports, better arrivals have ensured a fall in rates over last few weeks. Farmers have started bringing in supplies from the new harvest into local markets. Guar arrivals are picking up, with output expected to rise due to good Monsoon rains in Rajasthan this year. TURMERIC FUTURE Turmeric futures may trade on a mixed note . Arrivals of inferior quality turmeric coupled with huge carryover stocks may keep prices under downside pressure. However, good demand for good quality crop coupled with lower output in Andhra Pradesh may support prices.
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NCDEX DAILY Newsletter
NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
Dhaniya daily chart shows bullish trend,but it has not given closing above its resistance 9730 in daily chart, expecting profit booking will continue in upcomming trading session,Immediate support @ 9450 & Immediate resistance @ 9525.
R1-9560
R2-9654
S1-9411
S2-9356
TRADING STRATEGY: BUY DHANIYA APR ABOVE 9525 TGTS 9555,9605 SL 9475 SELL DHANIYA APR BELOW 9450 TGTS 9420,9370 SL 9500 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. Momentum indicators is in mid range. In intraday basis immediate support @ 4755 & immediate resistance @ 4795.
DITRADING STRATEGY: TRADING STRATEGY:
R1-4785
R2-4810
S1-4745
S2-4730
BUY GUARSEED APR ABOVE 4795 TGTS 4825,4875 SL 4745 SELL GUARSEED APR BELOW 4755 TGTS 4725,4675 SL 4805 ER
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NCDEX DAILY Newsletter
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