NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!! 14-FEBRUARY-2014
NCDEX DAILY Newsletter
AGRI COMMODITY DAILY WRAP UP‌..!!!! MENTHAOIL FUTURE The fundamentals are bearish for Mentha oil so spot prices are still maintaining lower and the bulk buyers are also less in the market. At the futures market, February contract showed a marginal gain in prices along with higher volume while open interest fell. This indicates price rise could be a short covering phase which may sustain for a while. For the day we believe futures prices might advance a tad however, we need to closely watch the today’s spot market activities. CHANA FUTURE Chana may trade on a mixed note. Reports that the state government may intervene and start procuring pulses at MSP coupled with higher pulses exports data may support prices however, comfortable supply situation as well as higher output estimates may pressurize prices. 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. 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
NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA APR ABOVE 9425 TGTS 9455,9505 SL 9375 SELL DHANIYA APR BELOW 9240 TGTS 9210,9160 SL 9290
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NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED MAR ABOVE 4370 TGTS 4400,4450 SL 4320 SELL CASTORSEED MAR BELOW 4280 TGTS 4250,4200 SL 4330
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NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CHANA APR ABOVE 3080 TGTS 3100,3150 SL 3040 SELL CHANA APR BELOW 3025 TGTS 3005,2955 SL 3065 5|Page WWW.EPICRESEARCH.CO CALL: +917316642300
NCDEX DAILY Newsletter
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