NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!! 30-JANUARY-2014
NCDEX DAILY Newsletter (30-Jan- 2014)
AGRI COMMODITY DAILY WRAP UP‌..!!!! SOYABEAN FUTURE Soybean futures may trade on a mixed note. Weak overseas markets and pickup in domestic arrivals due to reopening to markets in MP may pressurize prices. However, fresh meal export enquiries may support prices. Prices may also take cues from the Rupee movement.
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 (30-Jan- 2014)
NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA FEB ABOVE 8495 TGTS 8525,8575 SL 8445 SELL DHANIYA FEB BELOW 8390 TGTS 8360,8310 SL 8440 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300
NCDEX DAILY Newsletter (30-Jan- 2014)
NCDEX PULSES DAILY TECHNICAL LEVELS CASTORSEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4150 TGTS 4180,4230 SL 4100 SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130
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NCDEX DAILY Newsletter (30-Jan- 2014)
NCDEX SPICES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CHANA FEB ABOVE 2970 TGTS 3000,3050 SL 2920 SELL CHANA FEB BELOW 2920 TGTS 2890,2840 SL 2970
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NCDEX DAILY Newsletter (30-Jan- 2014)
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NCDEX DAILY Newsletter (30-Jan- 2014)
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