Weekly agri report 23 june 2014 by epic research

WEEKLY AGRI REPORT 23-JUN-2014

NCDEX WEEKLY Newsletter

AGRI COMMODITY WEEKLY WRAP UP‌..!!!!

TURMERIC FUTURE Turmeric prices also followed the bearish sentiments with poor demand in the physical markets coupled with news of monsoon advancement in the turmeric growing areas. Some demand is likely to come in for all grades at lower levels as stockiest are likely to hoard and sale when exporters move into the market. Monsoon did move in the coastal belt of Kerala, however, showers are likely to be seen during next week in the peninsular India.

JEERA FUTURE Jeera prices could not sustain the highs as supplies improved amid timid demand from exporters. The Dollar/Re movement would be important for the export realizations. A steady Dollar will support the prices with higher exports getting noted. Good quality arrivals have ensured Jeera rates are fetching a premium w.r.t. International markets. Low stocks in global trade and political unrest in Turkey and Syria have pushed the export demand to Indian shores.

GUARSEED FUTURE Guarseed on Thursday ended southward on slow trade activities and good weather ahead. The guar crop requires very limited water for production and due to low maintenance and good returns the acreage is on the rise in irrigated parts of Rajasthan. Guar is the most volatile commodity as there is a high percentage of speculation based on rains, however, the requirement for the crop is very nominal.

SOYABEAN FUTURE Soybean continued the southwards push on weak demand from buyers. Sowing progress have increased in last two days across the western parts of the country. U.S. corn and soybean futures rose for the second straight session on Thursday, supported by concerns that heavy rains in some growing areas of the United States may have caused damage to developing crops.

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS DHANIYA 4 HOURLY CANDLESTICK CHART

R1-9629

R2-10989 PP-10297 S1-10053

S2-9605

TRADING STRATEGY: BUY DHANIYA JUL ABOVE 10550 TGTS 10650,10800 SL 10420 SELL DHANIYA JUL BELOW 10275 TGTS 10175,10000 SL 10400

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS GUARSEED 4 HOURLY CANDLESTICK CHART

R1-5375

R2-5367

PP-5137

S1-5043

S2-4907

TRADING STRATEGY: BUY GUARSEED JUL ABOVE 5280 TGTS 5380,5480 SL 5160 SELL GUARSEED JUL BELOW 5125 TGTS 5025,4925 SL 5225 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS JEERA 4 HOURLY CANDLESTICK CHART

R1-11065

R2-11210 PP-10850

S1-10705

S2-10490

TRADING STRATEGY: BUY JEERA JUL ABOVE 10950 TGTS 11100,11300 SL 10800 SELL JEERA JUL BELOW 10700 TGTS 10550,10350 SL 10900

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NCDEX WEEKLY Newsletter

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