NCDEX AGRI COMMODITIES DAILY TECHICAL REPORT……!!!! 02-DECEMBER-2013
NCDEX DAILY Newsletter (02-DEC- 2013)
AGRI COMMODITY DAILY WRAP UP‌..!!!! CORIANDER Coriander futures ended weak on profit booking after rising in the recent trading sessions. As per market source, coriander acreage in the rabi season is estimated to fall 5-10 percent this year in Rajasthan as heavy rains in the last 34 weeks in the state has further slowed sowing. According to data from IMD, rainfall in west Rajasthan during Oct 1Nov 13, the peak season for sowing of the spice, was 10.6 mm, 64 percent above normal, while rainfall in east Rajasthan was 30.5 mm, 55 percent above normal. CASTORSEED Castor seed futures dropped as investors booked profits and arrivals improved in spot markets. On the other hand spot castor was traded higher due to good demand from millers and exporters. According to market sources, export demand in castor oil has increased in past few days and therefore, mills’ buying is good this time. CHANA The hot and humid climate of a country like India is quite favourable for growth of numerous insects and microorganisms that destroy stored crops and cause spoilage of food every year. Spoilage can also occur due to chemical and physiological changes in stored foods Food is vital for human existence. Conservation and preservation of food is essential for food security and it provides economic stability and self-reliance to a nation. The need to preserve food has been felt by mankind since time immemorial. The seasonal nature of production, long distances between production and consumption centres and rising gap between demand and supply have made this need even more relevant today.
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NCDEX DAILY Newsletter (02-DEC- 2013)
NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS CASTOR SEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED(JAN) ABOVE 4435 TG 4460,4490 SL 4390 SELL CASTORSEED(JAN) BELOW 4360 TG 4335,4295 SL 4400
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NCDEX DAILY Newsletter (02-DEC- 2013)
NCDEX PULSES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART
TRADING STRATEGY:
BUY CHANA(DEC)ABOVE 3090 TGT 3115 / 3155 SL 3050 SELL CHANA(DEC) BELOW 3020 TGT 2990 / 2950 SL 3060
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NCDEX DAILY Newsletter (02-DEC- 2013)
NCDEX SPICES DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA(DEC) ABOVE 7665 TG 7690,7730 SL 7625 SELL DHANIYA(DEC) BELOW 7535 TG 7510,7470 SL 7575
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NCDEX DAILY Newsletter (02-DEC- 2013)
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