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DAILY AGRI REPORT 20-MAY-2014


NCDEX DAILY Newsletter

AGRI COMMODITY DAILY WRAP UP‌..!!!! GUARSEED FUTURE Further corrections were noted for Guar as the higher levels could not be sustained and a fall in most Agri commodities kept markets sentiments down for this commodity also. Short term some more dips may be noted but with overall weak Monsoon predictions, prices may start recovering by end of the week. Prices have been finding some very strong support at 4000-4300 levels over last 9 months. With Export demand picking up, traders do not anticipate much fall in rates from these levels. TURMERIC FUTURE Turmeric futures may trade on a mixed note today. Lower level demand and expectations of overseas demand may support prices. however, poor quality arrivals as well as huge carryover stocks may cap the upside. JEERA FUTURE Strong pickup in Export demand supported the rates for Jeera that had shown some corrections over last few days due to Elections and Festivals in Gujarat. Adverse Monsoon reports, expected pickup in Export demand and falling arrivals in the mandis all these factors are likely to ensure firmness in prices in the coming days. Firmness in Dollar vs Re could support market sentiments further. CHANA FUTURE Chana rates firmed up further as domestic demand rose in the mandis and a fall in arrivals at these lower levels further supported the sentiments. Traders anticipate present rates to be on the lower side and expect demand to start picking up further in coming days. Slight fall in crop quality in Maharashtra, MP and Rajasthan have been reported. Prospects of demand rising ahead are likely to keep sentiments Bullish in the medium term though short term trend likely to remain volatile.

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NCDEX DAILY Newsletter

NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

Dhaniya jun daily chart is in support level @ 9400,Expecting short term selling and then price may take support trend is bullish RSI is below mid range Immediate support @ 9480 & Immediate resistance @ 9540.

R1-9629

R2-9711

PP-9536

S1-9438

S2-9361

TRADING STRATEGY: BUY DHNAIYA JUN ABOVE 9540 TGTS 9570,9620 SL 9490 SELL DHANIYA JUN BELOW 9480 TGTS 9450,9400 SL 9530

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NCDEX DAILY Newsletter

NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART

Guarseed may daily chart,trend is in support level. expecting from here onwards guarseed price may go up Momentum indicators RSI is below mid range. In intraday basis immediate support @ 5100 & immediate resistance @ 5220.

R1-5375

R2-5362

PP-5197

S1-5093

S2-5032

ITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED JUN ABOVE 5220 TGTS 5250,5300 SL 5170 SELL GUARSEED JUN BELOW 5100 TGTS 4970,4920 SL 5150R 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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NCDEX DAILY Newsletter

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NCDEX DAILY Newsletter

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Daily agri report 20 may 2014 by epic research