Daily agri report by epic research 13 nov 2013

NCDEX AGRI COMMODITIES DAILY TECHICAL REPORT……!!!!

13-NOVEMBER-2013

NCDEX DAILY Newsletter (13-NOV- 2013)

AGRI COMMODITY DAILY WRAP UP‌..!!!!

Chilli Future Chilli futures are seen trading higher on expectations of a rise in demand from overseas buyers in the coming days. As per market source, the demand from Sri Lanka and Bangladesh was reported in the spot markets. However, major upside in chilli will remain capped due to ample supplies. Arrivals of new crop have started trickling in the spot markets of Madhya Pradesh and are likely to gather pace soon. As per market source, the chilli crop in Madhya Pradesh is estimated at 50-55 lakh bags.

According to latest data from Andhra Pradesh Agriculture Department, area under chilli in the state declined 9.5 percent from the same period previous year to 12302 hectares.

Dhnaiya Future At Kota, spot prices of Dhaniya remained unchanged at Rs 6100 bags on mixed sentiments witnessed at the spot front, While at NCDEX price gains 3%, made high of 7186, and close at 7120 + 122 point from previous close. Estimated market supply was at 4000 quintals, down by 2000 quintals as compared to previous day. Due to better realization of prices, farmers are bringing the supplies in higher quantities at the spot front which may impact negatively on dhaniya prices. On the other hand, good domestic buying in anticipation of emergence of export demand might limit the sharp fall in dhaniya prices.

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NCDEX DAILY Newsletter (13-NOV- 2013)

NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS CASTOR SEED HOURLY CANDLESTICK CHART

TRADING STRATEGY: CASTORSEED FUTURE LOOKS UPSIDE...........

SELL CASTORSEED JAN BELOW 4070 TG 4045,4005 SL 4110 BUY CASTORSEED JAN ABOVE 4130 TG 4155,4180 SL 4090

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NCDEX DAILY Newsletter (13-NOV- 2013)

NCDEX PULSES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART

TRADING STRATEGY:

Dec Chana remains sideways for the day as price has settled well below 50-Day MA of 3166 levels. Any intraday gains could cap at 3150-3158 range and will slip towards 3005 levels from thereafter.

SELL CHANA (DEC) BELOW 3140 TGT 3115, 3075 SL 3180 BUY CHANA (DEC) ABOVE 3165 TGT 3190, 3230 SL 3025

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NCDEX DAILY Newsletter (13-NOV- 2013)

NCDEX SPICES DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

TRADING STRATEGY: DHANIYA FUT GAINS 122 POINT ON THURSDAY , DUE TO LESS SUPPLY IN SPOT MKT, PRICE CAN BE UPSIDE FOR SOME DAYS, BUT PROFIT BOOKING CAN CAP THE PRICE ................

SELL DHANIYA DEC BELOW 7080 TG 7050,7010 SL 7120 BUY DHANIYA DEC BELOW 7165 TG 7195,7135 SL 7125

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NCDEX DAILY Newsletter (13-NOV- 2013)

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NCDEX DAILY Newsletter (13-NOV- 2013)

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