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WEEKLY AGRI REPORT 15-MAR-2014


NCDEX WEEKLY Newsletter

AGRI COMMODITY WEEKLY WRAP UP‌..!!!! DHANIYA FUTURE Coriander futures extended gains on improved domestic demand amid better quality spice in physical markets. Sentiment also improved on concerns over a fall in the final output due to crop damage in Rajasthan and Madhya Pradesh. 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. MENTHAOIL FUTURE In menthaoil no major domestic demand and export cues are being noticed. beside this, the change in the arrivals pattern is further weighing on market sentiments. As the sowing is close to completion, farmers are willing to offload their holding stocks. However, concerns over the carryover stocks are still persisting because most of the carry forward stocks are with local stockists who are reluctant to sell their stocks due to the current price trend. We feel that the increase in supply from farmers coupled with the sluggish demand might pressurize mentha oil prices further. CARDAMOM FUTURE Cardamom futures may trade with a positive bias on firm overseas demand . Meanwhile, strong arrivals likely to limit sharp rise in prices. As per market source,the Spices Board of India has allowed cardamom producers to sell their produce directly to dealers licensed by the Board.

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS DHANIYA 4 HOURLY CANDLESTICK CHART

R1-9902

R2-10163

S1-9417

S2-9193

TRADING STRATEGY: BUY DHANIYA MAY ABOVE 9680 TGTS 9780,9880 SL 9530 SELL DHANIYA MAY BELOW 9490 TGTS 9390,9290 SL 9640

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS GUARSEED 4 HOURLY CANDLESTICK CHART

R1-4838

R2-4927

S1-4603

S2-4457

TRADING STRATEGY: BUY GUARSEED MAY ABOVE 4770 TGTS 4870,4970 SL 4620 SELL GUARSEED MAY BELOW 4550 TGTS 4450,4350 SL 4700

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS GUARGUM 4 HOURLY CANDLESTICK CHART

R1-12950

R2-13240

S1-12240

S2-11820

TRADING STRATEGY: BUY GUARGUM MAY ABOVE 12750 TGTS 12900,13050 SL 12500 SELL GUARGUM MAY ABOVE 12100 TGTS 11950,11800 SL 12350 5|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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NCDEX WEEKLY Newsletter

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NCDEX WEEKLY Newsletter

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Weekly agri report 15 april 2014 by epic research