NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!! 03-JANUARY-2014
NCDEX DAILY Newsletter (03-Jan- 2014)
AGRI COMMODITY DAILY WRAP UP‌..!!!! JEERA FUTURE Jeera futures are seen weak due to higher sowing and lack of strong demand. Sufficient carryover stocks along with higher production estimates also pressured the market sentiments. Sowing of jeera in Gujarat raised to 445200 hectares so far from 292900 hectares same period a year ago, as per data from the state's agriculture department. Area under jeera in Rajasthan is 186000 hectares thus far. The export demand is expected to rise in coming months because of crop failure in Syria and Turkey. As per the recent report from IMD, cold wave conditions were prevailing over some parts of Gujarat. MENTHAOILFUTURE The arrivals reaching the physical mandis are hovering around 100 to 150 drums compared to the previous 200 to 250 drums. Despite the ongoing winter season coupled with the restricted arrivals, we have not been noticing any major gains in prices due to subdued domestic demand. In line with this, we are not noticing any fresh export cues from the Asian countries, which is further weighing on market sentiments in this New Year, although the spot prices have slightly improved. CHANA FUTURE Chana futures are expected to trade on a mixed to positive note today supported by lower level buying coupled with weather concerns in north India. However, no major upside is seen due to weak demand, higher sowing, favorable climatic conditions, increasing imports as well as comfortable supplies. Sowing of Chana has picked up across the major growing states; weather conditions and planting progress thereon are the crucial factors to be watch for here onwards.
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NCDEX DAILY Newsletter (03-Jan- 2014)
NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHNAIYA JAN ABOVE 7950 TGTS 7980, 8030 SL 7900 SELL DHANIYA JAN BELOW 7800 TGTS 7770, 7720 SL 7850
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NCDEX DAILY Newsletter (03-Jan- 2014)
NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4605 TGTS 4635, 4685 SL 4555 SELL CASTORSEED FEB BELOW 4470 TGTS 4440, 4390 SL 4520
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NCDEX DAILY Newsletter (03-Jan- 2014)
NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CHANA JAN ABOVE 3080 TGTS 3110, 3160 SL 3030 SELL CHANA JAN BELOW 3040 TGTS 3010, 2960 SL 3090
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NCDEX DAILY Newsletter (03-Jan- 2014)
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NCDEX DAILY Newsletter (03-Jan- 2014)
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