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NCDEX AGRI COMMODITIES DAILY TECHICAL REPORT……!!!! 04-DECEMBER-2013


NCDEX DAILY Newsletter (04-Dec- 2013)

AGRI COMMODITY DAILY WRAP UP‌..!!!! MENTHA OIL FUTURE For the past several sessions, we have been seeing that Mentha prices are holding up at the lower levels so prices are failing to decline much. This can be linked to slight winter demand, which is slowly seen in the market. According to seasonality, Mentha prices generally tend to move higher during winter so the same trend is now felt on the market. Meanwhile, farmers are reluctant to bring their produce to market that is also making a supply tightness situation and is eventually helping prices to remain higher. On the other hand, the lower export demand is holding prices lower.

JEERA FUTURE Jeera futures are likely to remain down as daily supplies in the physical markets are reported as higher. Jeera arrivals in major spot market Unjha were around 6000 bags (1bag=55kg). Sowing is expected to be higher than last year in Gujarat and Rajasthan due to favourable soil moisture. Acreage of jeera in Gujarat, the country's largest producer, rose 7 percent year-on-year to 167700 hectares.

CHILLI FUTURE Chilli futures ended down due to higher supplies in the domestic market. However, crop damage in Madhya Pradesh, the second largest chilli growing state, and good export demand could limit further fall in prices. As per market source, hit by frequent quality issues in LCA-334 chilli, NCDEX plans to replace this variety with Teja chilli when it launches 2014 series of chilli contracts.

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NCDEX DAILY Newsletter (04-Dec- 2013)

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

TRADING STRATEGY:

CASTORSEED IS IN BULLISH TREND BUY CASTORSEED ABOVE 4365 TGTS 4395/4435 SL 4325 SELL CASTORSEED BELOW 4330 TGTS 4300/4260 SL 4380

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NCDEX DAILY Newsletter (04-Dec- 2013)

NCDEX PULSES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART

TRADING STRATEGY:

CHANA TREND IS BEARISH SELL CHANA BELOW 2925 TGTS 2900/2860 SL 2975 BUY CHANA ABOVE 2950 TGTS 2980/3020 SL 2910

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NCDEX DAILY Newsletter (04-Dec- 2013)

NCDEX SPICES DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

TRADING STRATEGY:

DHANIYA TREND IS BULLISH SELL DHANIYA BELOW 7440 TGTS 7410/7370 SL 7490 BUY DHANIYA ABOVE 7550 TGTS 7580/7620 SL 7500

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NCDEX DAILY Newsletter (04-Dec- 2013)

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NCDEX DAILY Newsletter (04-Dec- 2013)

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Daily ncdex agri commodities techical report%0aby wwwepicresearch co %0a4 december2013  

DAILY NCDEX AGRI COMMODITIES TECHICAL REPORT by www.epicresearch.co- 4-DECEMBER-2013 https://www.epicresearch.co/currency/forex-tips Fore...

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