WEEKLY AGRI REPORT 7-MAR-2014
NCDEX WEEKLY Newsletter
AGRI COMMODITY WEEKLY WRAP UP‌..!!!! 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. 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. 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. 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.
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NCDEX WEEKLY Newsletter
NCDEX WEEKLY TECHNICAL LEVELS DHANIYA 4 HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA APR ABOVE 9505 TGTS 9580,9680 SL 9405 SELL DHANIYA APR BELOW 9180 TGTS 9100,9000 SL 9275
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NCDEX WEEKLY Newsletter
NCDEX WEEKLY TECHNICAL LEVELS GUARSEED 4 HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY GUARSEED APR ABOVE 4795 TGTS 4845,4945 SL 4705 SELL GUARSEED APR BELOW 4700 TGTS 4650,4550 SL 4795 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300
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NCDEX WEEKLY Newsletter
NCDEX WEEKLY TECHNICAL LEVELS GUARGUM 4 HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY GUARGUM APR ABOVE 12850 TGTS 12950,13050 SL 12700 SELL GUARGUM APR BELOW 12550 TGTS 12450,12350 SL 12700
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NCDEX WEEKLY Newsletter
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NCDEX WEEKLY Newsletter
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