Daily agri report 04 feb 2014by epic research

NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!!

04-FEBRUARY-2014

NCDEX DAILY Newsletter (04-feb- 2014)

AGRI COMMODITY DAILY WRAP UP‌..!!!!

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.

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.

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 DAILY Newsletter (04-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 8015 TGTS 8085,8035 SL 8065 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300

NCDEX DAILY Newsletter (04-feb- 2014)

NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4120 TGTS 4150,4200 SL 4070 SELL CASTORSEED FEB BELOW 4040 TGTS 4010,3960 SL 4090 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300

NCDEX DAILY Newsletter (04-feb- 2014)

NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY CHANA FEB ABOVE 2910 TGTS 2940,2990 SL 2860 SELL CHANA FEB BELOW 2780 TGTS 2750,2700 SL 2830

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NCDEX DAILY Newsletter (04-feb- 2014)

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NCDEX DAILY Newsletter (04-feb- 2014)

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