NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!! 11-FEBRUARY-2014
NCDEX DAILY Newsletter
AGRI COMMODITY DAILY WRAP UP‌..!!!! JEERA FUTURE Jeera futures are seen bearish on subdued demand from bulk buyers and on forecast of record output. Currently, there has been no report of damage to the standing jeera crop despite of rains in Gujarat and Rajasthan. As per Gujarat agriculture department, jeera has been sown in 454300 hectares so far in the state, up 40 percent from a year ago period. TURMERIC FUTURE Turmeric futures are expected to trade on a positive note. Good demand in the physical markets coupled with crop concerns in Andhra Pradesh is likely to support prices. However, arrivals of the early new crop and huge carryover stocks may cap sharp gains. GUARSEED FUTURE After the recent continuous fall in rates, Guarseed recovered strongly as export queries started picking up at these lower levels. High stocks however could keep uptrend limited in the long term. A strong Dollar vs Re could aide in the exports favorably. Prices are finding some very strong Support at the 4000 levels in Futures market. SOYABEAN FUTURE Soybean futures may trade on a mixed note. Higher spot prices as well as some recovery in the overseas markets may support prices. However, an increase in the arrivals as well as higher output in South America crop prospects may cap gains and pressurize prices at higher levels. Prices may also take cues from the Rupee movement.
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NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA APR ABOVE 9310 TGTS 9340,9390 SL 9260 SELL DHANIYA APR BELOW 9225 TGTS 9195.9145 SL 9275 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300
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NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED MAR ABOVE 4240 TGTS 4270,4320 SL 4190 SELL CASTORSEED MAR BELOW 4205 TGTS 4175,4125 SL 4255 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300
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NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CHANA APR ABOVE 3020 TGTS 3040,3080 SL 2980 SELL CHANA APR BELOW 2975 TGTS 2955,2915 SL 3015 5|Page WWW.EPICRESEARCH.CO CALL: +917316642300
NCDEX DAILY Newsletter
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