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NCDEX AGRI COMMODITIES DAILY TECHICAL REPORT……!!!! 29-NOVEMBER-2013


NCDEX DAILY Newsletter (29-NOV- 2013)

AGRI COMMODITY DAILY WRAP UP‌..!!!! CORIANDER Coriander futures ended weak on profit booking after rising in the recent trading sessions. As per market source, coriander acreage in the rabi season is estimated to fall 5-10 percent this year in Rajasthan as heavy rains in the last 34 weeks in the state has further slowed sowing. According to data from IMD, rainfall in west Rajasthan during Oct 1Nov 13, the peak season for sowing of the spice, was 10.6 mm, 64 percent above normal, while rainfall in east Rajasthan was 30.5 mm, 55 percent above normal. CASTORSEED Castor seed futures dropped as investors booked profits and arrivals improved in spot markets. On the other hand spot castor was traded higher due to good demand from millers and exporters. According to market sources, export demand in castor oil has increased in past few days and therefore, mills’ buying is good this time. CHILLI Chilli prices traded higher on concern over the standing crop due to cyclone caution in Andhra Pradesh. India Meteorological Department warned of a severe cyclone hitting Andhra Pradesh by Friday afternoon or evening, which could bring extremely heavy rains to isolated places over there. As per the latest report from Andhra Pradesh Agriculture Department, acreage under chilli in the state as on 20th November 2013 rose 10.6 percent to 23983 hectares. TURMERIC Turmeric futures were down on profit booking. Robust demand from north Indian buyers is likely to push up turmeric prices in coming days. Expectations of a rise in export enquiries may also support turmeric prices

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NCDEX DAILY Newsletter (29-NOV- 2013)

NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS CASTOR SEED HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY CASTORSEED(JAN) ABOVE 4430 TG 4460,4500 SL 4380 SELL CASTORSEED(JAN) BELOW 4360 TG 4330,4290 SL 4410

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NCDEX DAILY Newsletter (29-NOV- 2013)

NCDEX PULSES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART

TRADING STRATEGY:

BUY CHANA(DEC)ABOVE 3080 TGT 3110 / 3150 SL 3030 SELL CHANA(DEC) BELOW 3020 TGT 2990 / 2950 SL 3060

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NCDEX DAILY Newsletter (29-NOV- 2013)

NCDEX SPICES DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY DHANIYA(DEC) ABOVE 7720 TG 7750,7790 SL 7670 SELL DHANIYA(DEC) BELOW 7580 TG 7550,7510 SL 7630

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NCDEX DAILY Newsletter (29-NOV- 2013)

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Daily agri report 29 nov 2013