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1. DAILY AGRI REPORT
23-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.
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.
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.
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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 and consolidating in range
RSI is above range.we are waiting for the closing of next trading session, trend is bullish
Immediate support @ 9670 & Immediate resistance @ 9760..
R1--9765 R2-9817 S1-9624 S2-9535
TRADING STRATEGY:
BUY DHANIYAABOVE 9760 TGTS 9790,9840 SL 9710
SELL DHANIYA BELOW 9670 TGTS 9640,9590 SL 9710
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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 above mid range signs bullishness.
In intraday basis immediate support @ 4950 & immediate resistance @ 5020.
R1-5077 R2-5138 S1-4892 S2-4768
ITRADING STRATEGY:
TRADING STRATEGY:
BUY GUARSEED ABOVE 5020 TGTS 5050, 5100 SL 4970
SELL GUARSEED BELOW 4950 TGTS 4920,4870 SL 5000R
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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