NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!! 09-JANUARY-2014
NCDEX DAILY Newsletter (09-Jan- 2014)
AGRI COMMODITY DAILY WRAP UP‌..!!!! TURMERIC FUTURE Turmeric prices are likely to trade with a positive bias as the yield is likely to be affected in Andhra Pradesh. According to the recent report from IMD, very dense fog was observed at a few places over Andhra Pradesh. Added, isolated heavy rainfall would occur over TamilNadu. As per market source, demand has started picking up in the domestic markets. In addition, export demand for the spice is likely to recover in coming months. SOYAOIL FUTURE Soyaoil markets remained low on weak demand from oil millers. The bearish spillover effect from palm oil market did put pressure on the soyaoil prices. Oil prices remained weak in the western parts of Maharashtra tool argely due reduced off take. CORIANDER FUTURE Coriander futures are expected to trade higher on robust demand amid limited supplies in the physical market. The prospects of lower production due to lesser acreage this season could support market sentiment. Coriander acreage in Rajasthan was 128220 hectares for the current year which is 80 percent of total area of 158678 hectares in 2012-13. Still, the farmers are likely to bring their produce in huge quantities due to prevailing high prices.
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NCDEX DAILY Newsletter (09-Jan- 2014)
NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA JAN ABOVE 8030 TGTS 8060 / 8110 SL 7980 SELL DHANIYA JAN BELOW 7890 TGTS 7860 / 7810 SL 7940
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NCDEX DAILY Newsletter (09-Jan- 2014)
NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4560 TGTS 4590 / 4640 SL 4510 SELL CASTORSEED FEB BELOW 4420 TGTS 4190 / 4140 SL 4470
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NCDEX DAILY Newsletter (09-Jan- 2014)
NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CHANA JAN ABOVE 3010 TGTS 3040 / 3090 SL 2960 SELL CHANA JAN BELOW 2970 TGTS 2940 / 2890 SL 3020
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NCDEX DAILY Newsletter (09-Jan- 2014)
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NCDEX DAILY Newsletter (09-Jan- 2014)
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