NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!! 03-FEBRUARY-2014
NCDEX DAILY Newsletter (03-feb- 2014)
AGRI COMMODITY DAILY WRAP UP‌..!!!! CORIANDER FUTURE Coriander futures are expected to trade higher on robust demand amid concerns over crop damage due to cold weather in Rajasthan and excessive rain occurred during the sowing period. Coriander acreage in Rajasthan was 128220 hectares for the current year which is 80 percent of total area of 158678 hectares in 2012-13. Carryover stocks too stood lower. As per latest report from India Meteorological Department, very dense fog was observed at many places over Rajasthan and adjoining states. MENTHAOIL FUTURE We have not seen any major change in the arrivals over the last few weeks. The overall negative market sentiments are still intact. Some farmers are selling their produce at lower rates to meet their financial needs. However, most of the stockists are stepping back to offload their stocks due to the fear of losing money. Market sources are stating that most of the domestic exporters are purchasing mentha oil at lower rates, which is capping gains in mentha oil prices. According to trade sources, mint sowing across Uttar Pradesh’s growing regions might be delayed due to extreme cold wave conditions. CHANA FUTURE Weak demand, higher stocks for delivery on the exchange warehouses, higher sowing as well as comfortable supplies may continue to keep chana prices under downside pressure. Commencement of arrivals of the new crop may also add to the downside pressure. However, weather concerns in the north and expectations of pickup in demand may support prices at lower levels. Prices are trading near the MSP levels, thus, no major downside is expected.
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NCDEX DAILY Newsletter (03-feb- 2014)
NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA FEB ABOVE 8150 TGTS 8180,8230 SL 8100 SELL DHANIYA FEB BELOW 8010 TGTS 7980,7930 SL 8060
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NCDEX DAILY Newsletter (03-feb- 2014)
NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4135 TGTS 4165,4215 SL 4085 SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300
NCDEX DAILY Newsletter (03-feb- 2014)
NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CHANA FEB ABOVE 2940 TGTS 2970,3020 SL 2890 SELL CHANA FEB BELOW 2840 TGTS 2810,2760 SL 2890 5|Page WWW.EPICRESEARCH.CO CALL: +917316642300
NCDEX DAILY Newsletter (03-feb- 2014)
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NCDEX DAILY Newsletter (03-feb- 2014)
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