NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!! 06-JANUARY-2014
NCDEX DAILY Newsletter (06-Jan- 2014)
AGRI COMMODITY DAILY WRAP UP‌..!!!! SOYABEAN FUTURE Soybean futures are likely to trade range bound as there are no new triggers. Mustard futures may trade positive on talk of crop damage. Soybean futures are likely to trade sideways to negative as there are no new fundamentals. Weak export demand for Indian soy meal and expectations of a bumper soybean crop in South America will continue to weigh on prices. Prices may rise on lower arrivals in spot markets but then there would be correction. There was a lot of talk about hike in edible oil import duty. A decision in this regard was expected soon but according to government sources it is likely to be taken up next week. MENTHAOIL FUTURE 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. JEERA FUTURE Prices of jeera may trade with a negative bias due to huge carryover stocks and higher production prospects despite weather concerns in Gujarat. Easing domestic and overseas demand may also keep jeera prices under pressure.
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NCDEX DAILY Newsletter (06-Jan- 2014)
NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA JAN ABOVE 8090 TGTS 8120 / 8170 SL 8040 SELL DHANIYA JAN BELOW 7990 TGTS 7960 / 7910 SL 8040 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300
NCDEX DAILY Newsletter (06-Jan- 2014)
NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4600 TGTS 4630 / 4680 SL 4550 SELL CASTORSEED FEB BELOW 4480 TGTS 4450 / 4400 SL 4580 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300
NCDEX DAILY Newsletter (06-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 (06-Jan- 2014)
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NCDEX DAILY Newsletter (06-Jan- 2014)
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