Daily agri report 13 jan 2014

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

13-JANUARY-2014

NCDEX DAILY Newsletter (13-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.

CHANA FUTURE Chana futures are expected to trade on mixed to negative note. Weak demand, higher sowing, favorable climatic conditions, increasing imports as well as comfortable supplies may exert downside pressure on the prices.

However, weather concerns in north India may support prices at lower levels. Prices are trading near the MSP levels, thus, no sharp downside is expected.

SOYABEAN FUTURE Soybean futures are expected to trade on a negative note due to weak soy oil demand as well as higher South American crop prospects. However, demand from crushers for soy meal and higher import duty on refined edible oils may support prices. Prices may also take cues from the Rupee movement.

JEERA FUTURE Jeera futures may trade on a mixed note. Higher sowing this season may pressurize prices. However, demand from the overseas markets may support prices at lower levels. According to a circular issued by NCDEX there are some modifications made in the Quality specification.

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NCDEX DAILY Newsletter (13-Jan- 2014)

NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY DHANIYA FEB ABOVE 8100 TGTS 8130/8180 SL 8050 SELL DHANIYA FEB BELOW 8010 TGTS 7980/7930 SL 8060

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NCDEX DAILY Newsletter (13-Jan- 2014)

NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4550 TGTS 4580/4630 SL 4500 SELL CASTORSEED FEB BELOW 4460 TGTS 4430/4380 SL 4510

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NCDEX DAILY Newsletter (13-Jan- 2014)

NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY CHANA FEB ABOVE 3170 TGTS 3200/3250 SL 3120 SELL CHANA FEB BELOW 3090 TGTS 3060/3010 SL 3140

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NCDEX DAILY Newsletter (13-Jan- 2014)

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NCDEX DAILY Newsletter (13-Jan- 2014)

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