NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT……!!!! 19-DECEMBER-2013
NCDEX DAILY Newsletter (19-Dec- 2013)
AGRI COMMODITY DAILY WRAP UP‌..!!!! CORIANDER FUTURE Coriander futures declined sharply to end at the lower circuit on concern the exchange may impose a special margin on long positions. Lack of spot market cues too weighed down the market sentiments. Major spot markets in Rajasthan have been closed. lower production prospects and limited carry forward stocks in physical markets may limit sharp fall in prices. Still, the farmers are likely to bring their produce in huge quantities due to prevailing high prices. CASTORSEED FUTURE Castor seed output in India is likely to decline by 40% this year on lower acreage and unfavourable climatic condition in major producing states at the beginning of the sowing season. Traders estimate total availability at 1.4 mn tn this year, as compared with 2.4 mn tn in the previous year. The crop sown in September is harvested through picking of seed in five– six trenches, the first of which begins in January. Sowing area was lower this year by 35- 40%, coupled with decline in estimated yield due to inconsistencies in the monsoon in major growing regions CHANA FUTURE Chana futures may continue to trade remain weak as sluggish demand in the spot markets are likely to keep prices under downside pressure. Favorable climatic conditions, higher sowing across the country, comfortable supplies as increasing imports may also exert downside pressure.
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NCDEX DAILY Newsletter (19-Dec- 2013)
NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS CASTOR SEED HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CASTORSEED JAN ABOVE 4890 TGTS 4910,4960 SL 4840 SELL CASTORSEED JAN BELOW 4805 TGTS 4775,4725 SL 4855
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NCDEX DAILY Newsletter (19-Dec- 2013)
NCDEX PULSES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY CHANA JAN ABOVE 3055 TGTS 3085,3135 SL 3005 SELL CHANA JAN BELOW 3000 TGTS 2970,2920 SL 3050 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300
NCDEX DAILY Newsletter (19-Dec- 2013)
NCDEX SPICES DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART
TRADING STRATEGY: BUY DHANIYA JAN ABOVE 8190 TGTS 8220,8270 SL 8140 SELL DHANIYA JAN BELOW 8070 TGTS 8050,8000 SL 8120
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NCDEX DAILY Newsletter (19-Dec- 2013)
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NCDEX DAILY Newsletter (19-Dec- 2013)
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