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NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT!!!!

17-FEBRUARY-2014

NCDEX DAILY Newsletter

AGRI COMMODITY DAILY WRAP UP..!!!!


TURMERIC FUTURE Turmeric futures are seen trading higher on account of good demand from buyers in India and overseas coupled with concerns about yield in Andhra radesh! "hortage of good #uality spice and e$pectations of rise in e$port en#uiries too limited sharp fall in prices! Turmeric futures are li%ely to trade with positive bias due to wea% production estimates for the current year! C&A'A FUTURE Chana may trade on a mi$ed note! Reports that the state government may intervene and start procuring pulses at M" coupled with higher pulses e$ports data may support prices however( comfortable supply situation as well as higher output estimates may pressuri)e prices! C*RIA'+ER FUTURE Coriander futures are e$pected to trade higher on robust demand amid concerns over crop damage due to cold weather in Ra,asthan and e$cessive rain occurred during the sowing period! ME'T&A*I- FUTURE The fundamentals are bearish for Mentha oil so spot prices are still maintaining lower and the bul% buyers are also less in the mar%et! At the futures mar%et( February contract showed a marginal gain in prices along with higher volume while open interest fell! This indicates price rise could be a short covering phase which may sustain for a while! For the day we believe futures prices might advance a tad however( we need to closely watch the today.s spot mar%et activities!

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NCDEX OIL

OIL SEEDS DAILY TECHNICAL LE!ELS

DHANIYA HOURLY CANDLESTIC" CHART

TRA+I'/ "TRATE/01 2U0 +&A'I0A A R A2*3E 4567 T/T" 4587(49:7 "- 4577 "E-- +&A'I0A A R 2E-*; 47<6 T/T" 4756(84=6 "- 4746
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CASTORSEED HOURLY CANDLESTIC" CHART

TRA+I'/ "TRATE/01 2U0 CA"T*R"EE+ MAR A2*3E <:57 T/T" <:<7(<:47 "- <9=7 "E-- CA"T*R"EE+ MAR 2E-*; <967 T/T" <997(<5>7 "- <:77

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CHANA HOURLY CANDLESTIC" CHART

TRA+I'/ "TRATE/01 2U0 C&A'A A R A2*3E :797 T/T" :7<7(:747 "- 9487 "E-- C&A'A A R 2E-*; 9447 T/T" 94>7(94:7 "- :797

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