Daily agri report 16 jan 2014

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

16-JANUARY-2014

NCDEX DAILY Newsletter (16-Jan- 2014)

AGRI COMMODITY DAILY WRAP UP‌..!!!!

MENTHAOIL FUTURE The reason behind the stable arrivals is farmers are still hoping that they might get remunerative value for their produce in the near term. Hence, they are holding back most of their produce. On the other hand, due to cold wave conditions, we are noticing that some local pharmaceutical companies showing interst to buy mentha oil stocks at the spot front.

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.

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 (16-Jan- 2014)

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

TRADING STRATEGY: BUY DHANIYA FEB ABOVE 8150 TGTS 8180 / 8230 SL 8100 SELL DHANIYA FEB BELOW 8010 TGTS 7980 / 7930 SL 8060

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NCDEX DAILY Newsletter (16-Jan- 2014)

NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4480 TGTS 4510 / 4560 SL 4430 SELL CASTORSEED FEB BELOW 4400 TGTS 4380 / 4330 SL 4450

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NCDEX DAILY Newsletter (16-Jan- 2014)

NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY CHANA FEB ABOVE 3140 TGTS 3170 / 3220 SL 3090 SELL CHANA FEB BELOW 3120 TGTS 3090 / 3040 SL 3170

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NCDEX DAILY Newsletter (16-Jan- 2014)

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NCDEX DAILY Newsletter (16-Jan- 2014)

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