DAILY AGRI REPORT 28TH JANUARY 2013
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ďƒ˜ HEADLINES Soybean, rapeseed down on profit-taking, global cues. Indian soybean and rapeseed futures fell on profit-taking, driven by losses in overseas markets, though a weak rupee limited the downside. Soyoil futures nudged higher, supported by an upward revision in the base import price of crude palm oil. US soybean futures lost more ground, falling to a near oneweek low on forecasts of rains in Argentina's crop belt.
ďƒ˜ Trading tip:
Sell Jeera Mar
Chilli, Jeera prices decline on subdued demand. Red chilli and jeera prices fell by Rs 200 per quintal in the
Below 13420
national capital on subdued demand from retailers and
TGTS-13300/13100
market and hopes of a greater area under cultivation and
SL- 13520
stockists amid adequate stocks. Weakening trend in futures
higher output also put pressure on the select spice prices. Red chilli prices fell by Rs 200 to Rs 6,700-11,800 per quintal on reports of higher output estimated in the current year.
EXPERT OPINION
Buy Chana Apr Above 3630 TGTS-3670/3710 SL-3600
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STOCK
S1
S2
R1
R2
CHANA
3,571
3,521
3,666
3,723
RM SEED
3,423
3,371
3,523
3,598
SOYABEAN
3,212
3,154
3,298
3,361
JEERA
13300
13120
13600
13800
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHANA
7/19/2012
4556
4573
4525
4560
4532
PRODUCT CHILLI NAME
EXP DATE 7/19/2012
OPEN 5060
HIGH 5060
LOW 5018
CLOSE 5120
LTP 5018
Chana GUR
19-Apr-13 7/19/2012
3607 1188
3629 1188
3582 1178
3595 1183.5
3627 1178
32 -5.5
0.89 -0.46
Chilli JEERA
20-Mar-13 7/19/2012
6830 14955
6864 14960
6712 14650
6816 15052.5
6774 14800
-42 -252.5
-0.62 -1.68
Gur KAPAS
20-Mar-13 7/19/2012
1101 1044
1102.5 1053
1094 1035
1103 1049
1101 1041
-8-2
-0.18 -0.76
Jeera PEPPER
20-Mar-13 7/19/2012
13600 42300
13610 42555
13405 42250
13605 42390
13420 42435
-185 45
-1.36 0.11
REFKapas SOYA
28-Feb-13 7/19/2012
850 780.5
860 783.6
850 777.4
854.5 782.85
860 781.3
5.5 -1.55
0.64 -0.2
SOYPepper BEAN
20-Feb-13 7/19/2012
37805 4309
38380 4330
37765 4265.5
37795 4303
38200 4315
405 12
1.07 0.28
Ref Soya TURMERIC Oil
20-Feb-13 7/19/2012
722.1 4600
730.5 4676
720.5 4518
725.25 4664
729.6 4540
4.35 -124
0.6 -2.66
Soy Bean WHEAT
20-Feb-13 7/19/2012
3266 1251
3266 1282
3227 1251
3271 1246
3254.5 1282
-16.5 36
-0.5 2.89
Turmeric
19-Apr-13
6274
6298
6178
6268
6200
-68
-1.08
Wheat New
20-Feb-13
1550
1550
1530
1550
1545
-5
-0.32
DAILY MARKET STATISTICS
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CHG
PERCENTAGE CHANGE
-28
-0.61
CHANGE -102
PERCENTAGE -1.99 CHANGE
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DAILY SOYABEAN CHART
ANALYSIS OPEN: 3266 HIGH: 3266 LOW: 3227 CLOSE: 3254
SOYABEAN LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE
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DAILY CHANA CHART
v
ANALYSIS OPEN: 3610 HIGH: 3629 LOW: 3582 CLOSE: 3527
CHANA LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS
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