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DAILY AGRI REPORT 21-APR-2014


NCDEX DAILY Newsletter

AGRI COMMODITY DAILY WRAP UP‌..!!!! REFINED SOYA FUTURE Refined Soya markets continued the firm sentiments due to good buying support and strong support from international market with supplies drying off from the major exporters. Soybeans rose the most in two weeks on speculation that increased demand will reduce supplies in the U.S. JEERA FUTURE Jeera futures are expected to trade lower 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. As per the latest data by Gujarat Agriculture Board, total acreage of jeera in the state has been increased by 1.05 lakh hectares from the last year to 4.54 lakh hectares. Traders estimated that total production of jeera is likely to increase by 10 lakh bags to around 46 lakh bags in the current year. 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. GUARSEED FUTURE Fundamentals had remained weak for last few months as huge carryover stocks from last year, low export demand and better sowing reports from good rains in Rajasthan, Haryana and Gujarat had kept prices down Even with higher stocks in domestic markets, reports indicate stocks in International markets which was high earlier, has fallen over last few months.

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NCDEX DAILY Newsletter

NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level and consolidating in range RSI is in mid range, now price is in support level. we are waiting for the closing of next session trend is bullish Immediate support @ 9565 & Immediate resistance @ 9620.

R1-9664

R2-9737

S1-9521

S2-9451

TRADING STRATEGY: BUY DHANIYA MAY ABOVE 9620 TGTS 9650,9700 SL 9570 SELL DHANIYA MAY BELOW 9565 TGTS 9535,9485 SL 9605 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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NCDEX DAILY Newsletter

NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART

Guarseed apr short term trend looking sideways to bearish in daily chart and it is in there resistance Momentum indicators RSI is above mid range,expecting may go upIn intraday basis immediate support @ 4800 & immediate resistance @ 4880.

R1-4883

R2-4917

S1-4813

S2-4777

ITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED MAY ABOVE 4880 TGTS 4910,4960 SL 4830 SELL GUARSEED MAY BELOW 4800 TGTS 4770,4720 SL 4850ER

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NCDEX DAILY Newsletter

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NCDEX DAILY Newsletter

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Daily agri report 21 apr 2014 by epic research