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DAILY AGRI REPORT 25-FEB-2014


NCDEX DAILY REPORT

AGRI COMMODITY DAILY WRAP UP‌..!!!! SOYABEAN FUTURE Soybean futures may trade on a positive note. Lower arrivals, positive overseas markets and dry weather in Brazil may support prices. However, sluggish domestic demand coupled with prospects of higher output in South America may cap sharp gains. Prices may also take cues from movement in the Indian Rupee. CORIANDER FUTURE Coriander futures are likely to trade higher on forecast of lower output due to crop damage in Madhya Pradesh and Rajasthan. Sentiments may also improve due to good demand for the spice in India. However, rising supply of new crop in Kota and Ramganj markets might cap major gains. Coriander acreage in Rajasthan was 128220 hectares for the current year which is 80 percent of total area of 158678 hectares in 2012-13. TURMERIC FUTURE Turmeric futures ended down on likely rise in new season crop and higher stock levels from earlier years. New crop arrivals, in small quantities, have started hitting the Nizamabad and Erode spot markets, and may increase substantially in the coming days. Meanwhile, good demand from buyers in India and overseas coupled with lower production estimates for current year may limit sharp fall in prices. Shortage of good quality spice may too support the prices. MENTHAOIL FUTURE Since the pace of arrivals has come down by nearly 30-40% from 250-280 drums to 150 drums, its impact has been felt on physical spot prices. Hence, we have seen spot prices rising moderately higher. We believe that the same scenario may prolong in today’s trade and therefore, futures contracts may also trade higher. Meanwhile, acreage for wheat and mustard at the physical markets has increased and therefore, it could be possible that the sowing acreage under mentha crop might fall. Hence, the estimated production is likely to be lower because of which the market is taking slight support for prices to trade higher. 2|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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NCDEX DAILY REPORT

NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY DHANIYA MAR ABOVE 9380 TGTS 9410,9460 SL 9330 SELL DHANIYA MAR BELOW 9235 TGTS 9205,9155 SL 9285 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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NCDEX DAILY REPORT

NCDEX PULSES DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY GUARSEED MAR ABOVE 4785 TGTS 4815,4865 SL 4735 SELL GUARSEED MAR BELOW 4710 TGTS 4680,4630 SL 4760

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NCDEX DAILY REPORT

NCDEX SPICES DAILY TECHNICAL LEVELS GUARGUM HOURLY CANDLESTICK CHART

TRADING STRATEGY: BUY GUARGUM MAR ABOVE 13070 TGTS 13120,13220 SL 12990 SELL GUARGUM MAR BELOW 12900 TGTS 12850,12750 SL 12990

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NCDEX DAILY REPORT

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NCDEX DAILY REPORT

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Daily agri report 25 feb 2014