NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!! 06-FEBRUARY-2014
NCDEX DAILY Newsletter (06-feb- 2014)
AGRI COMMODITY DAILY WRAP UP‌..!!!! 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. 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. 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. 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 (06-feb- 2014)
NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA FEB ABOVE 8110 TGTS 8140,8190 SL 8060 SELL DHANIYA FEB BELOW 8010 TGTS 7980,7930 SL 8060
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NCDEX DAILY Newsletter (06-feb- 2014)
NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4110 TGTS 4140,4190 SL 4060 SELL CASTORSEED FEB BELOW 3990 TGTS 3960,3910 SL 4040
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NCDEX DAILY Newsletter (06-feb- 2014)
NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CHANA FEB ABOVE 2850 TGTS 2870,2920 SL 2810 SELL CHANA FEB BELOW 2800 TGTS 2780,2730 SL 2840
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NCDEX DAILY Newsletter (06-feb- 2014)
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NCDEX DAILY Newsletter (06-feb- 2014)
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