The daily agri report summarizes the futures trading of various agricultural commodities. Pepper futures rose 0.35% on higher demand while chana futures remained higher due to rising festive demand. Soybean futures look upward with a bullish trend, while chana futures look sideways in a consolidating trend. Experts recommend buying soybean and chana on dips. The report provides closing prices and trends for various agricultural commodities.
DAILY AGRI REPORT BY EPIC RESEARCH-22 OCTOBER 2012
1. DAILY AGRI REPORT
20TH OCTOBER 2012
WWW.EPICRESEARCH.CO +91 9752199966
2. HEADLINES
Pepper futures up 0.35% as demand rises.
Pepper prices gained 0.35 per cent to Rs 43,425 per quintal in
the futures trade today as speculators enlarged positions,
tracking a firm spot market trend amid thin supplies. At the
National Commodity and Derivatives Exchange, pepper for
delivery in November rose by Rs 150, or 0.35 per cent, to Rs
43,425 per quintal, with an open interest of 4,976 lots.
Similarly, the spice for delivery in October traded higher by Rs
Trading tip:
30, or 0.07 per cent, to Rs 43,100 per quintal, with an open
Buy SOYBEAN Nov interest of 551 lots.
Chana futures remain up on rising festive demand
Above 3330
Chana prices gained Rs 45 to Rs 4,909 per quintal in futures
TGTS-3360/3400 market today on fresh buying by speculators tracking a firm
spot market trend on rising festive demand. Marketmen
SL- 3301 attributed the said the rise in Chana prices due to festive
season mainly supported the uptrend.
Buy PEPPER NOV EXPERT OPINION
Above 43610 STOCK S1 S2 R1 R2
CHANA 4772 4724 4847 4892
TGTS-43800/44000
RM SEED 4191 4145 4274 4318
SL-43400 SOYABEAN 3241 3177 3347 3391
JEERA 15323 15201 15618 15806
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