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1. DAILY AGRI REPORT
15-APR-2014

2. NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
TURMERIC FUTURE
India exported 50500 tonnes of turmeric for Rs.408.28 crore during April-November 2013, up 11 percent and 41 percent
respectively in volume and value of exports over the same period last year. The Nizamabad market remained closed from
Mar 28 to Apr 2 for the financial year end.
MENTHAOIL FUTURE
In menthaoil no major domestic demand and export cues are being noticed. beside this, the change in the arrivals pattern
is further weighing on market sentiments. As the sowing is close to completion, farmers are willing to offload their
holding stocks. However, concerns over the carryover stocks are still persisting because most of the carry forward stocks
are with local stockists who are reluctant to sell their stocks due to the current price trend. We feel that the increase in
supply from farmers coupled with the sluggish demand might pressurize mentha oil prices further.
CHANA FUTURE
Chana futures are expected to trade on a negative note today. Good sowing reports from MP, UP and Rajasthan amidst
high stocks, rise in imports and fall in demand have pressurized Chana rates for last few months. As per ministry of
Agriculture reports, sown area for Rabi Pulses is projected at a record high 16.2 million. Significant improvement in yield
to move above 900kg/ha was also possible due to conducive weather.
JEERA FUTURE
Jeera futures are expected to trade lower due to selling pressure as arrivals of the new crop are rising sharply in spot
markets. The off take is likely to remain limited due to expectation of high output on significant rise in sowing. However,
expectations of pick up in export may limit sharp fall in prices. As per the latest data by Gujarat Agriculture Board, total
acreage of jeera in the state has been increased by 1.05 lakh hectares from the last year to 4.54 lakh hectares. Traders
estimated that total production of jeera is likely to increase by 10 lakh bags to around 46 lakh bags in the current year.
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3. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level. RSI is in mid range, Expecting from here onwards profit
booking will continue in upcomming trading session. Immediate support @ 9550& Immediate resistance @ 9665.
R1-9706 R2-9772 S1-9533 S2-9426
TRADING STRATEGY:
BUY DHANIYA MAY ABOVE 9665 TGTS 9695,9745 SL 9615
SELL DHANIYA MAY BELOW 9550 TGTS 9520,9470 SL 9600
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4. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
Guarseed may short term trend looking sideways to bearish in daily chart. Expecting from here onwards
guarseed may go down Momentum indicators RSI is below mid range, signs bearishness
In intraday basis immediate support @ 4700 & immediate resistance @ 4770.
R1-4817 R2-4883 S1-4637 S2-4523
ITRADING STRATEGY:
TRADING STRATEGY:
BUY GUARSEED MAY ABOVE 4770 TGTS 4800,4850 SL 4720
SELL GUARSEED MAY BELOW 4700 TGTS 4670,4620 SL 4750ER
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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