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DAILY AGRI REPORT 26-MAY-2014


NCDEX DAILY Newsletter

AGRI COMMODITY DAILY WRAP UP‌..!!!! JEERA FUTURE After the recent corrections in rates,arrivals fell in Unjha mandi at these lower levels. Traders expect Exports to pick up in coming weeks but a weak Dollar has been affecting the Export demand adversely. Again, reports of Govt likely to initiate steps to control price rise has kept market sentiments slight weak. With Exports expected to improve in coming weeks, the Dollar/Re movement would be important for the Export realizations. A falling Dollar may limit the uptrend for the commodity rates despite higher Exports getting noted. CHANA FUTURE After the massive fall the earlier day,demand started picking up in the mandis at the lower levels and a fall in arrivals at these lower rates too supported the market sentiments, as a moderate recovery was noted for Chana. Reports of Govt thinking about steps to control Food Inflation are still preventing any strong uptrend for this commodity rates. Higher production in Pulses, better Monsoon reports and a weak Dollar too have kept sentiments slight weak. TURMERIC FUTURE Turmeric futures are seen down due to lack of strong demand for poor quality arrivals, coupled with huge carryover stocks. However, the downside in the yellow spice is likely to be limited on hopes of a rise in export enquiries. Meanwhile, during 2013-14 turmeric export performance have seen decline compared to previous year in terms of volume but higher earnings. As per the latest report from Andhra Pradesh Horticulture Department, production of turmeric in the state for this year is seen declining by 11 percent to 1.02 million tonnes, as against last year.

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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 @ 9410 & Immediate resistance @ 9500.

R1-9629

R2-9765

PP-9443

S1-9285

S2-9121

TRADING STRATEGY: BUY DHANIYA JUN ABOVE 9500 TGTS 9530,9580 SL 9450 SELL DHANIYA JUN BELOW 9410 TGTS 9380,9330 SL 9460

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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 above mid range. In intraday basis immediate support @ 5300 & immediate resistance @ 5410.

R1-5375

R2-5492

PP-5297

S1-5203

S2-5102

ITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED JUN ABOVE 5410 TGTS 5440,5490 SL 5360 SELL GUARSEED JUN BELOW 5300 TGTS5270,5220 SL 5350R

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NCDEX DAILY Newsletter

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NCDEX DAILY Newsletter

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Daily agri report 26 may 2014 by epic research  

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