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WEEKLY AGRI REPORT 21st JANUARY 2013

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 HEADLINES  Chana futures up on high buying activity Chana prices rose by Rs 16 to Rs 3,970 per quintal in futures trade today as traders enlarged their holdings on account of the good demand in the market. Restricted arrivals in the physical markets further supported the uptrend. At the National Commodity and Derivatives Exchange, chana for delivery in January rose by Rs 16, or 0.40 per cent, to Rs 3,970 per quintal, with an open

interest of 12,470 lots. Similarly, chana for delivery in

TRADING TIP:

 BUY SOYABEAN FRB ABOVE 3270 TGTS 3310/3370 SL 3200  SELL DHANIYA APR BELOW 6870 TGTS 6600/6400 SL 7075 www.epicresearch.co

April higher by Rs 15, or 0.42 per cent, to Rs 3,540 per quintal, with an open interest of 67,030 lots.

EXPERT OPINION STOCK

S1

S2

R1

R2

CHANA

3,361

3,161

3,918

4,275

RM SEED

3,175

2,901

3,992

4,535

SOYABEAN

3,154

3,071

3,297

3,357

JEERA

13,476

13,248

14,001

14,298

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PRODUCT NAME

EXP DATE 

OPEN HIGH MARKET LOW CLOSE LTP CHG WEEKLY ANALYSIS

PERCENTAGE CHANGE

 Pepper CHANA 4556 4525 4560per quintal 4532 in futures -28 trade-0.61  Pepper 7/19/2012 prices declined by 0.75 4573 per cent to Rs 35,005 today as

speculators reduced their positions amid a weak trend at spot markets due to sluggish CHILLI 7/19/2012 5060 5060 and Derivatives 5018 5120 -102delivery -1.99 demand.At the National Commodity Exchange,5018 pepper for in March

fell by Rs 265, or 0.75 per cent, to Rs 35,005 per quintal, with an open interest of 987 GURlots.Likewise, 7/19/2012 1188 1188in February 1178 moved 1183.5 1178 -0.46 the spice for delivery down by Rs 200,-5.5 or 0.54 per cent, to Rs 37,030 per quintal, with a business volume of 1,926 lots. JEERA

 Chilli

7/19/2012

14955

14960

14650

15052.5

14800

-252.5

-1.68

KAPAS 7/19/2012 1044 1053 1035 1049 1041 today-8as traders -0.76  Chilli prices rose by Rs 60 to Rs 6,784 per quintal in futures trade created

fresh positions, driven by rising export and spot market demand. Trading sentiment PEPPER 7/19/2012 42390 45 from the 0.11major improved further on42300 restricted42555 arrivals 42250 of the commodity in42435 the market producing belts. At the National Commodity and Derivative Exchange, chilli for delivery in REF SOYA 7/19/2012 780.5 777.4 782.85 781.3 an open -1.55interest-0.2 April rose by Rs 60, or 0.89 per783.6 cent, to Rs 6,784 per quintal, with of 5,220 lots. Similarly, chilli for delivery in March was up Rs 52, or 0.79 per cent, to Rs 6,602 per SOY BEAN 4303experts 4315 12 fresh buying 0.28 quintal,7/19/2012 in a business4309 turnover4330 of 6,2904265.5 lots. Market said besides by traders, restricted arrivals from producing region mainly helped chilli prices to trade higher TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 at futures market.  Turmeric

WHEAT

7/19/2012

1251

1282

1251

1246

1282

36

2.89

 Turmeric futures traded up on covering-up of short positions by speculators. Firm demand in the spot market and expectations of lower output due to lesser area under cultivation in the current year, scanty rainfall during the planting season mainly influenced turmeric futures prices.The contract for April delivery was trading at Rs 6,570.00, up by 0.12% or Rs 8.00 from its previous closing of Rs 6,562.00. The open interest of the contract stood at 29260 lots.  Jeera  Jeera futures inched up as speculators build up strong positions on improved export demand. However, expectations of higher output restricted the gains. The contract for March delivery was trading at Rs 13,905.00, up by 0.60% or Rs 2.50 from its previous closing of Rs 13,902.50. The open interest of the contract stood at 12540 lots..

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 WEEKLY SOYABEAN CHART

ANALYSIS OPEN: 3132 HIGH: 3275 LOW: 3132 CLOSE: 3237

 SOYABEAN LOOKS UPWARDS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS

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 WEEKLY CHANA CHART

ANALYSIS OPEN: 4050 HIGH: 4075 LOW: 3518 CLOSE: 3561

 CHANA LOOKS DOWNWARDS  TREND: CONSOLIDATED  STRATEGY: SELL ON RISE

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weekly-agri-report BY EPIC RESEARCH 21 JAN 2013