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AGRI COMMODITIES WEEKLY TECHNICAL REPORT!!!!

13-JAN-2014

NCDEX WEEKLY Newsletter (13/JAN/2014)

AGRI COMMODITY WEEKLY WRAP UP..!!!!


CHANA FUTURE Chana futures are expected to trade on mixed to negative note. Weak demand, higher sowing, favorable climatic conditions, increasing imports as well as comfortable supplies may exert downside pressure on the prices. However, weather concerns in north India may support prices at lower levels. Prices are trading near the !P levels, thus, no sharp downside is expected. !owing of Chana has picked up across the ma"or growing states# weather conditions and planting progress thereon are the crucial factors to be watch for here onwards. JEERA FUTURE $eera futures may trade on a mixed note. Higher sowing this season may pressuri%e prices. However, demand from the overseas markets may support prices at lower levels. &ccording to a circular issued by 'C()* there are some modifications made in the +uality specifications and allowance for contracts expiring in arch ,-./ and thereafter. TURMARIC FUTURE 0urmeric futures may trade on a negative note pressuri%ed by new crop arrivals and huge carryover stocks. However, export demand coupled with crop concerns in &ndhra Pradesh may support prices at lower levels. &ccording to a circular issued by 'C()*, Pre1expiry margin has been decreased to 23 for the last 4 trading days on a daily basis. 0here are some modifications made in the +uality specifications for contracts expiring in &pril ,-./ and thereafter. SOYAOIL FUTURE 5efine soyaoil futures traded on a mixed to negative note on weak demand in the domestic markets. as well as weak international markets may cap gains and pressuri%e prices. towards the end on short coverings and settled -.,/3 higher India meet 4-144 percent of its edible consumption through imports and thus rupee factor is a ma"or determinant of edible oil prices.

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NCDEX WEEKLY Newsletter (13/JAN/2014)

NCDEX OIL

OIL SEEDS WEEKLY TECHNICAL LE!ELS

CASTOR SEED DAILY CANDLESTICK CHART

TRADING STRATEGY" #UY CASTORSEED $E# A#O!E 4%%0 TGTS 4&%0 ' 4(%0 SL 4400 SELL CASTORSEED $E# #ELOW 4300 TGTS 4200 ' 4100 SL 44%0

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NCDEX WEEKLY Newsletter (13/JAN/2014)

NCDEX PULSES WEEKLY TECHNICAL LE!ELS


CHANA DAILY CANDLESTICK CHART

TRADING STRATEGY" #UY CHANA $E# A#O!E 3110 TGTS 3210 ' 3310 SL 2)&0 SELL CHANA $E# #ELOW 3040 TGTS 2)40 ' 2*40 SL 31)0

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NCDEX WEEKLY Newsletter (13/JAN/2014)

NCDEX SPICES WEEKLY TECHNICAL LE!ELS


DHANIYA DAILY CANDLESTICK CHART

TRADING STRATEGY" #UY DHANIYA $E# A#O!E *3%0 TGTS *4%0 ' *%%0 SL *200 SELL DHANIYA $E# #ELOW ()&0 TGTS (*&0 ' ((&0 SL *100

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NCDEX WEEKLY Newsletter (13/JAN/2014)

DISCLAIMER
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NCDEX WEEKLY Newsletter (13/JAN/2014)

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