NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!! 29-JANUARY-2014
NCDEX DAILY Newsletter (29-Jan- 2014)
AGRI COMMODITY DAILY WRAP UP…..!!!! CORIANDER FUTURE Coriander output may fall due to excess rain in Madhya Pradesh and Rajasthan, as farmers were not able to sow the seeds due to high water levels. As well, cold wave condition along with rain continues to hamper the crop with ‘blight’ disease; the aftermath of which is likely to exist for around three years. Accordingly, the acreage under coriander in major producing states is likely to decline in coming years because farmers may execute crop rotation which is considered as a major measure to control the disease.
CHANA FUTURE Chana futures are expected to trade on a negative note. Higher stocks for delivery on the exchange Warehouses,higher sowing, favorable climatic conditions as well as comfortable supplies may pressurize prices. Commencement of arrivals of the new crop may add to the downside pressure. However, weather concerns in north India and expectations of pickup in demand may support prices at lower levels. thus, no major downside is expected. Sowing of Chana is almost complete across the major growing states; weather conditions and planting progress thereon are the crucial factors to be watch for here onwards.
TURMERIC FUTURE Turmeric futures are likely to trade with positive bias due to weak production estimates for the current year along with strong demand from domestic and overseas markets. Crop concern in Andhra Pradesh persists due to cloudy weather. However, reports of quality concern currently prevailing in the market may weigh down the price trend.
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NCDEX DAILY Newsletter (29-Jan- 2014)
NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA FEB ABOVE 8370 TGTS 8400,8450 SL 8320 SELL DHANIYA FEB BELOW 8235 TGTS 8205,8155 SL 8285
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NCDEX DAILY Newsletter (29-Jan- 2014)
NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4155 TGTS 4185,4245 SL 4105 SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300
NCDEX DAILY Newsletter (29-Jan- 2014)
NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CHANA FEB ABOVE 3005 TGTS 3035,3085 SL 2955 SELL CHANA FEB BELOW 2950 TGTS 2920,2870 SL 3000
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NCDEX DAILY Newsletter (29-Jan- 2014)
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NCDEX DAILY Newsletter (29-Jan- 2014)
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