Daily agri market report 14 march 2014 by epic research

DAILY AGRI REPORT 14-MAR-2014

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AGRI COMMODITY DAILY WRAP UP‌..!!!!

MENTHA OIL FUTURE Mentha Oil continued to trade up as adverse weather conditions in UP reportedly had adverse impact on sowing of the new crop. Rates also found very strong support at these lower levels. Reports of moderate pickup in demand also kept trend slight firm. High stocks could limit the uptrend however. With prices having fallen a lot over last few months, some short term recovery is not ruled out.

JEERA FUTURE Jeera futures may extend weakness due to selling pressure as arrivals of the new crop are rising sharply in spot markets. The off take is likely to remain limited due to expectation of high output on significant rise in sowing.

However, expectations of pick up in export may limit sharp fall in prices.

GUARSEED FUTURE Guarseed after the recent fall even as prices find strong support at these levels. High stocks amidst lack of strong export demand prevented any strong upside movement for the counter. Traders however expect prices to find some support at these levels once exports start rising.

TURMERIC FUTURE Turmeric apr continued to trend up in the near term on the back of unseasonal rains in Andhra Pradesh. Heavy rains have not only slowed down the pace of harvesting but have also deteriorated the quality of the crop, resulting into shortage of good quality turmeric. This has increased the premium for good quality crop.

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NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY DHANIYA APR ABOVE 9570 TGTS 9600,9650 SL 9520 SELL DHANIYA APR BELOW 9485 TGTS 9455,9405 SL 9535 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY GUARSEED APR ABOVE 4705 TGTS 4735,4785 SL 4655 SELL GUARSEED APR BELOW 4610 TGTS 4580,4530 SL 4650 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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NCDEX DAILY TECHNICAL LEVELS GUARGUM HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY GUARGUM APR ABOVE 12820 TGTS 12870.12970 SL 12720 SELL GUARGUAM APR BELOW 12540 TGTS 12490,12390 SL 12640 5|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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