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DAILY AGRI REPORT 11-Jun-2014


NCDEX DAILY Newsletter

AGRI COMMODITY DAILY WRAP UP‌..!!!! 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. 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. 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 july daily chart Consolidating in upper range trend is bullish, trend is bullish RSI is in mid range Immediate support @ 9780 & Immediate resistance @ 9830.

R1-9629

R2-10098

PP-9899

S1-9823

S2-9700

TRADING STRATEGY: BUY DHANIYA JUL ABOVE 9950 TGTS 9980,10030 SL 9900 SELL DHANIYA JUL BELOW 9910 TGTS 9870,9820 SL 9960

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NCDEX DAILY Newsletter

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 @ 5165 & immediate resistance @ 5280.

R1-5375

R2-5338

PP-5243

S1-5182

S2-5148

ITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED JUL ABOVE 5270 TGTS 5300,5350 SL 5320 SELL GUARSEED JUL BELOW 5200 TGTS 5170,5120 SL 5250R

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NCDEX DAILY Newsletter

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NCDEX DAILY Newsletter

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Daily agri report 11 jun 2014 by epic research  

Epic Research is an advisory firm which provides daily market updates, Tips for all segments and also support to analyse about market for in...

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