NCDEX AGRI COMMODITIES DAILY REPORT

INDEX WATCH: 1. NCDEX Agri Commodity Daily Wrap Up. 2. NCDEX Oil and Oil Seeds Daily Technical Chart And Level. 3. NCDEX Pulses Daily Technical Chart and Level. 4. NCDEX Spices Daily Technical Chart and Level. 5. Company Disclaimer. 6. Contact Details.

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This Report contains all the study and strategy required by trader to trade on NCDEX AGRI commodities. Refer to the chart attracted in the Report to take proper Trading Decision.
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NCDEX DAILY Newsletter (17-0CT- 2013)

NCDEX AGRI COMMODITIES DAILY TECHICAL REPORT!!!!

17-OCTOBER-2013

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NCDEX DAILY Newsletter (17-0CT- 2013)

AGRI COMMODITY DAILY WRAP UP..!!!!

Chana consolidates around one month high
Spot Chana prices are consolidating around one month high in Delhi today though a recovery in supplies did not bring in much gains for the prices. Good demand in ready daals market is supporting Chana. Spot prices in Delhi are quoting at Rs 3120/25 per quintal- down marginally on the day. The arrivals in Delhi stayed accommodative, coming in at 40 trucks today after 50 trucks yesterday. The supplies have hovered in the range of around 30/40 trucks per day in last few weeks. Good demand is seen in Urad an d Moong The Kharif pulses arrivals are being eyed and Moong and Urad supplies have started gaining pace in Rajasthan. Stockists demand is emerging in almost all ready pulses right now. The progress on the kharif pulses harvest front is impressive. As per latest release from Ministry of Agriculture, the acreage under pulses has gone up by 15.28per cent to 101.81 lakh hectares. This is mainly due to strong sowing of Tur and Urad in Maharashtra. The total output of chana is likely to be 8.57 million tonnes in the current year. This marks a gain of 11.29per cent compared to the last year's production of 7.57 million tonnes. Rabi Pulses output is likel y to be 12.09 million tonnes, up 9.61per cent on the year.

Castor seed recovers

Castor seed futures recovered from the lower levels on the account of fragile sowing progress in the current year along with strong castormeal export demand. The NCDEX futures swelled by Rs 33 per quintal today. As per the latest release from Ministry of Agriculture, the total sowing acreage of castor seed was reported at 9.84 lakh hectares as on 03rd October 2013, down 0.67 lakh hectares from the last year in the same period. This was mainly on the account of poor sowing acreage in Andhra Pradesh and Gujarat. The market sources suggested that most of the Andhra Pradesh farmers have been shifted towards other remunerative crops like maize in the current year. Similarly, most of the cultivators in Gujarat are moving towards mustard seed crop during the upcoming rabi season.The futures prices were also well supported by strong castor meal export demand. The latest compiled by SEA of India revealed that the exports of castor m eal during the September 2013 reported strong gains over 480 per cent t o reach 0.58 lakh tonnes against 0.10 lakh tonnes of the previous year.The NCDEX November Benchmark futures increased by Rs 33 per quintal today to settle at Rs 3,694 per quintal. The NCDEX futures added 9.60 per cent in open interest indicating fresh buying by traders and stockiest.

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NCDEX DAILY Newsletter (17-0CT- 2013)

NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS

CASTOR SEED HOURLY CANDLESTICK CHART

TRADING STRATEGY: CASTORSEED LOOKS IN BULLISH TREND . BUY CASTORSEED NOV ABOVE 3885 TG 3915, 3945 SL 3845 SELL CASTORSEED NOV BELOW 3680 TG 3650, 3620 SL 3720

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NCDEX DAILY Newsletter (17-0CT- 2013)

NCDEX PULSES DAILY TECHNICAL LEVELS

CHANA HOURLY CANDLESTICK CHART

TRADING STRATEGY: CHANA NCDEX OCT IS IN CONSOLIDATING TREND AND CAN GO DOWNWARDS.. BUY CHANA NOV ABOVE 3155 TG 3185, 3215 SL 3115 SELL CHANA NOV BELOW 3070 TG 3050, 3020 SL 3110

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NCDEX DAILY Newsletter (17-0CT- 2013)

NCDEX SPICES DAILY TECHNICAL LEVELS

DHANIYA HOURLY CANDLESTICK CHART

TRADING STRATEGY: DHANIYA NCDEX OCT IS IN BULLISH TREND CAN GO UPWARDS BUY DHANIYA NOV ABOVE 6880 TG 6910, 6940 SL 6840 SELL DHANIYA NOV BELOW 6620TG 6590, 6560 SL 6660

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NCDEX DAILY Newsletter (17-0CT- 2013)

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NCDEX DAILY Newsletter (17-0CT- 2013)

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