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1. DAILY AGRI REPORT
25-APR-2014

2. NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
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.
CHANA FUTURE
Chana rates firmed up further as domestic demand rose in the mandis and a fall in arrivals at these lower levels further
supported the sentiments. Traders anticipate present rates to be on the lower side and expect demand to start picking up
further in coming days. Slight fall in crop quality in Maharashtra, MP and Rajasthan have been reported. Prospects of
demand rising ahead are likely to keep sentiments Bullish in the medium term though short term trend likely to remain
volatile.
GUARSEED FUTURE
Fundamentals had remained weak for last few months as huge carryover stocks from last year, low export demand and
better sowing reports from good rains in Rajasthan, Haryana and Gujarat had kept prices down Even with higher stocks
in domestic markets, reports indicate stocks in International markets which was high earlier, has fallen over last few
months.
REFINED SOYA FUTURE
Refined Soya markets continued the firm sentiments due to good buying support and strong support from international
market with supplies drying off from the major exporters. Soybeans rose the most in two weeks on speculation that
increased demand will reduce supplies in the U.S.
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3. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
Dhaniya daily chart,this is third time price respect 9770 resistance. yesterday again sharp selling we have saw from this resistance
however trend is bullish. but we can see some selling pressure in upcoming trading session
Immediate support @ 9450 & Immediate resistance @ 9550.
R1-9675 R2-9838 S1-9385 S2-9258
TRADING STRATEGY:
BUY DHANIYAABOVE 9550 TGTS 9580,9630 SL 9500
SELL DHANIYA BELOW 9450 TGTS 9420,9370 SL 9500
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4. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
Guarseed may daily chart breaks consolidation in upper side. expecting from here onwards guarseed price may go up
Momentum indicators RSI is in overbought zone signs bullishness.
In intraday basis immediate support @ 5030 & immediate resistance @ 5090.
R1-5180 R2-5295 S1-4985 S2-4905
ITRADING STRATEGY:
TRADING STRATEGY:
BUY GUARSEED ABOVE 5090 TGTS 5120,5170 SL 5040
SELL GUARSEED BELOW 5030 TGTS 5000,4950 SL 5080R
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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