1. DAILY AGRI REPORT
23-MAY-2014

2. NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
TURMERIC FUTURE
Turmeric futures may trade on a mixed note today. Lower level demand and expectations of overseas demand
may support prices. however, poor quality arrivals as well as huge carryover stocks may cap the upside.
JEERA FUTURE
Strong pickup in Export demand supported the rates for Jeera that had shown some corrections over last few
days due to Elections and Festivals in Gujarat. Adverse Monsoon reports, expected pickup in Export demand and
falling arrivals in the mandis all these factors are likely to ensure firmness in prices in the coming days. Firmness
in Dollar vs Re could support market sentiments further.
GUARSEED FUTURE
Further corrections were noted for Guar as the higher levels could not be sustained and a fall in most Agri
commodities kept markets sentiments down for this commodity also. Short term some more dips may be noted
but with overall weak Monsoon predictions, prices may start recovering by end of the week. Prices have been
finding some very strong support at 4000-4300 levels over last 9 months. With Export demand picking up,
traders do not anticipate much fall in rates from these levels.
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.
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3. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
Dhaniya jun daily chart is consolidating in a range. trend is bullish Momentum indicator RSI is below mid range
Immediate support @ 9420 & Immediate resistance @ 9460.
R1-9629 R2-9545 PP-9402 S1-9349 S2-9259
TRADING STRATEGY:
BUY DHANIYA JUN ABOVE 9460 TGTS 9490,9540 SL 9410
SELL DHANIYA JUN BELOW 9420 TGTS 9390,9340 SL 9470
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4. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
Guarseed may daily chart,consolidating in support level expecting from here onwards guarseed price may go up
Momentum indicators RSI is below mid range.
In intraday basis immediate support @ 5200 & immediate resistance @ 5280.
R1-5375 R2-5343 PP-5233 S1-5187 S2-5123
ITRADING STRATEGY:
TRADING STRATEGY:
BUY GUARSEED JUN ABOVE 5280 TGTS 5310,5360 SL 5230
SELL GUARSEED JUN BELOW 5200 TGTS 5170,5120 SL 5250R
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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