Chana futures are expected to trade lower due to good sowing reports and high stocks. Soybean futures are expected to trade mixed to lower tracking weakness overseas and low export demand. Coriander futures are likely to trade higher due to forecasts of lower output from untimely rains damaging crops in major producing states. Guarseed futures are anticipated to trade sideways to lower as arrivals increase from the new harvest.

1. DAILY AGRI REPORT
31-MAR-2014

2. NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
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.
SOYABEAN FUTURE
Soybean futures are expected to trade on a mixed to negative note tracking weakness in the overseas markets and
weak soy meal export demand. Soybean markets remained sideways with some demand from crushers in Madhya
Pradesh. Firmness in International markets along with a pick up in demand at these lower levels supported the
rates for Soybean.
CORIANDER FUTURE
Coriander futures are likely to trade higher on forecast of lower output due to untimely rains in major producing
areas of Madhya Pradesh and Rajasthan. As per market source, extremely low temperatures and unseasonal rains
in Madhya Pradesh and Rajasthan have affected 20-25 percent of the total acreage. However, rising supply of new
crop in Kota and Ramganj markets might cap major gains.
GUARSEED FUTURE
Higher production reports, better arrivals have ensured a fall in rates over last few weeks. Farmers have started
bringing in supplies from the new harvest into local markets. Guar arrivals are picking up, with output expected
to rise due to good Monsoon rains in Rajasthan this year.
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3. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
COMMENT:-Dhaniya future short term trend is bearish, having some profit booking from near support level the momentum indicator
RSI is below mid range, recommending sell on high. Immediate support @ 9110 and immediate resistance @ 9185.
R1-9208; R2-9247; S1-9103; S2-9037
TRADING STRATEGY:
BUY DHANIYA APR ABOVE 9185 TGTS 9215,9265 SL 9135
SELL DHANIYA APR BELOW 9110 TGTS 9080,9030 SL 9160
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4. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
COMMENT:- Guarseed daily chart shows sideways to bearish trend. expecting price will go down, Having some profit booking
from near support, momentom indicator RSI is below mid range,recommending sell on high,
Immediate support @ 4728 and immediate resistance @ 4785.
R1-4785, R2-4818 S1-4682 S2-4648
DITRADING STRATEGY:
TRADING STRATEGY:
BUY GUARSEED APR ABOVE 4785 TGTS 4815,4865 SL 4735
SELL GUARSEED APR BELOW 4720 TGTS 4690,4640 SL 4770MER
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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