WEEKLY AGRI REPORT 21-MAR-2014
NCDEX WEEKLY Newsletter
AGRI COMMODITY WEEKLY WRAP UP‌..!!!! REFINED SOYA FUTURE Refined Soya markets continued the firm sentiments due to good buying support and strong support from international market with supplies drying off from the major exporters. Soybeans rose the most in two weeks on speculation that increased demand will reduce supplies in the U.S. 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. CHANA FUTURE Chana rates firmed up further as domestic demand rose in the mandis and a fall in arrivals at these lower levels further supported the sentiments. Traders anticipate present rates to be on the lower side and expect demand to start picking up further in coming days. Slight fall in crop quality in Maharashtra, MP and Rajasthan have been reported. Prospects of demand rising ahead are likely to keep sentiments Bullish in the medium term though short term trend likely to remain volatile. GUARSEED FUTURE Fundamentals had remained weak for last few months as huge carryover stocks from last year, low export demand and better sowing reports from good rains in Rajasthan, Haryana and Gujarat had kept prices down Even with higher stocks in domestic markets, reports indicate stocks in International markets which was high earlier, has fallen over last few months.
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NCDEX WEEKLY Newsletter
NCDEX WEEKLY TECHNICAL LEVELS DHANIYA 4 HOURLY CANDLESTICK CHART
R1-9710
R2-9831
S1-9488
S2-9387
TRADING STRATEGY: BUY DHANIYA MAY ABOVE 9730 TGTS 9820,9920 SL 9590 SELL DHANIYA MAY BELOW 9525 TGTS 9435,9335 SL 9675 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300
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NCDEX WEEKLY Newsletter
NCDEX WEEKLY TECHNICAL LEVELS GUARSEED 4 HOURLY CANDLESTICK CHART
R1-4955
R2-5060
S1-4760
S2-4670
TRADING STRATEGY: BUY GUARSEED MAY ABOVE 4840 TGTS 4930,5030 SL 4700 SELL GUARSEED MAY BELOW 4800 TGTS 4810,4710 SL 4940 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300
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NCDEX WEEKLY Newsletter
NCDEX WEEKLY TECHNICAL LEVELS GUARGUM 4 HOURLY CANDLESTICK CHART
R1-13197
R2-13503
S1-12667
S2-12443
TRADING STRATEGY: BUY GUARGUM MAY ABOVE 13030 TGTS 13180,13380 SL 12830 SELL GUARGUM MAY BELOW 12800 TGTS 12650,12550 SL 13000 5|Page WWW.EPICRESEARCH.CO CALL: +917316642300
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NCDEX WEEKLY Newsletter
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NCDEX WEEKLY Newsletter
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