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DAILY AGRI REPORT 31TH MAY 2013

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ďƒ˜ HEADLINES Indian chana edges up. Indian chana futures edged up on Thursday on lower-level buying supported by a pick-up in local demand, though estimates of higher production weighed on sentiment. The arrival period this season has been extended on account of record high production and a delayed start in harvesting. At 0921 GMT, the June contract EPIC FOREX:

ďƒ˜ Trading tip:

Buy chilli June above 5800 tg 5900, 6000 sl

on the National Commodity and Derivatives Exchange (NCDEX) was up 0.19 percent at 3,189 rupees per 100 kg. It had hit a contract low of 3,105 rupees in the previous trade. Profit booking pounds jeera Jeera futures declined on profit booking by traders, while spot jeera price remained unchanged on normal trading activity. On

5700

the NCDEX, jeera June contract was down Rs 20 to Rs 13,030 a quintal with an open interest of 9,690 lots. NCDEX July jeera contract decreased Rs 7.50 to Rs 13,222.50 with an open interest

Buy Castorseed June

of 9,513 lots.

EXPERT OPINION

above 3255 tg 3270,3300 sl 3200

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STOCK

S1

S2

R1

R2

CHANA

3,170

3125

3260

3300

RM SEED

3,420

3370

3495

3530

SOYABEAN

3780

3740

3850

3895

JEERA

12870

12700

13050

13200

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 DAILY SOYABEAN CHART

ANALYSIS OPEN: 3840 HIGH: 3848 LOW: 3820 CLOSE: 3826

 SOYABEAN LOOKS SIDEWAYS  TREND: CONSOLIDATE  STRATEGY: BUY ON DIPS

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 DAILY CHANA CHART

ANALYSIS OPEN: 3190 HIGH: 3224 LOW: 3179 CLOSE: 3128

 CHANA LOOKS DOWNWAYS  TREND: BEARISH  STRATEGY: SELL ON RISE

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Daily agri report31 may 2013  

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