Daily Agri Report 09 June 2014 by Epic Research

DAILY AGRI REPORT 09-Jun-2014

NCDEX DAILY Newsletter

AGRI COMMODITY DAILY WRAP UP‌..!!!!

JEERA FUTURE According to state's agriculture department,Production of jeera in gujarat is seen rising by 36 percent on year in 2013-2014 to a record 319000 tonnes. Major downside will remain capped as jeera production is expected to fall in Syria and Turkey due to crop failure amid political unrest.

TURMERIC FUTURE Turmeric futures declined tracking fall in major spot markets. Poor quality crop arrivals and reports of better sowing this year are seen pressurizing the prices. During 2013-14 turmeric export performance have seen decline compared to previous year in terms of volume but higher earnings. Rainfall occurred at many places over Kerala and at a few places over North interior Karnataka. Isolated rainfall occurred over Coastal Andhra Pradesh, Rayalaseema,Tamil Nadu, Coastal and South interior Karnataka. Dry weather prevailed over Telangana.

CHANA FUTURE Chana futures may trade on a mixed note. Ample supplies, weak demand, rising stocks on the exchange warehouses, higher sowing of summer pulses and higher output in 2013-14 may keep prices under downside pressure. However, lower level buying coupled with pickup in demand from the millers and lower pulses target for 2014-15 on forecast of below normal monsoon by the IMD may support prices at lower levels.

SOYABEAN FUTURE Soybean futures are expected to trade on a negative note in the intraday. Weak overseas markets and poor soy meal export demand may keep prices under check. However, tight supplies and lower availability of seeds for sowing may support prices at lower levels.

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NCDEX DAILY Newsletter

NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

Dhaniya jun daily chart Consolidating in upper range trend is bullish, trend is bullish RSI is in mid range Immediate support @ 9500 & Immediate resistance @ 9560.

R1-9629

R2-9596

PP-9518

S1-9489

S2-9440

TRADING STRATEGY: BUY DHANIYA JUN ABOVE 9560 TGTS 9590,9640 SL 9510 SELL DHANIYA JUN BELOW 9500 TGTS 9470,9420 SL 9550

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NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART

Guarseed daily chart, Price bounce from support level, expecting from here onwards guarseed price may go up Momentum indicators RSI is above mid range. In intraday basis immediate support @ 4950 & immediate resistance @ 5005.

R1-5375

R2-5133

PP-4993

S1-4907

S2-4853

ITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED JUN ABOVE 5005 TGTS 5035,5085 SL 5055 SELL GUARSEED JUN BELOW 4950 TGTS 4920,4870 SL 5000R

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