Weekly agri market report 31 march 2014 by epic research

WEEKLY AGRI REPORT 31-MAR-2014

NCDEX WEEKLY Newsletter

AGRI COMMODITY WEEKLY WRAP UP‌..!!!!

TURMERIC FUTURE As per the report Andhrapradesh & Tamilnadu, Lower demand and expectations of good crop have been keeping sentiments weak over last few months. With market rates having fallen a lot over last few months, traders are anticipating demand to start picking up at these lower levels. But, better crop prospects and higher stocks have kept upside movement under check.

SOYABEAN FUTURE Soybean futures are expected to trade on a mixed to negative note tracking weakness in the overseas markets and weak soy meal export demand. Soybean markets remained sideways with some demand from crushers in Madhya Pradesh. Firmness in International markets along with a pick up in demand at these lower levels supported the rates for Soybean.

CORIANDER FUTURE Coriander futures are likely to trade higher on forecast of lower output due to untimely rains in major producing areas of Madhya Pradesh and Rajasthan. As per market source, extremely low temperatures and unseasonal rains in Madhya Pradesh and Rajasthan have affected 20-25 percent of the total acreage. However, rising supply of new crop in Kota and Ramganj markets might cap major gains.

CHANA FUTURE Chana futures are expected to trade on a negative note today. Good sowing reports from MP, UP and Rajasthan amidst high stocks, rise in imports and fall in demand have pressurized Chana rates for last few months. As per ministry of Agriculture reports, sown area for Rabi Pulses is projected at a record high 16.2 million. Significant improvement in yield to move above 900kg/ha was also possible due to conducive weather.

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS DHANIYA DAILY CANDLESTICK CHART

TRADING STRATEGY: BUY DHANIYA APR ABOVE 9180 TGTS 9250,9350 SL 9080 SELL DHANIYA APR BELOW 9050 TGTS 8950,8850 SL 9200 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS GUARSEED DAILY CANDLESTICK CHART

TRADING STRATEGY: BUY GUARSEED APR ABOVE 4850 TGTS 4920,5000 SL 4750 SELL GUARSEED APR BELOW 4700 TGTS 4630,4530 SL 4810

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NCDEX WEEKLY TECHNICAL LEVELS GUARGUM DAILY CANDLESTICK CHART

TRADING STRATEGY: BUY GUARGUM APR ABOVE 12950 TGTS 12950,13950 SL 12800 SELL GUARGUM APR BELOW 12550 TGTS 12450,12350 SL 12700

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NCDEX WEEKLY Newsletter

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