NCDEX Market is an other market exchange for commodity trading of Indian government where a trader can buy or sell Agriculture commodities mainly.

1. DAILY AGRI REPORT
18-Jul-2014

2. NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
CHANA FUTURE
Chana futures may trade on a mixed note. Prices may recover from lower levels extending previous day’s gains on short coverings
coupled with value buying and lower kharif pulses sowing till date. However, fears of tightening of stock limits, revival of monsoon
and expectations of improvement in sowing of kharif pulses may cap the upside and pressurize prices at higher levels.
SOYABEAN FUTURE
Soybean futures are expected to trade on a negative note. A pickup in the sowing activities coupled with weak overseas markets
and soy meal exports may pressurize prices. However, lower sowing till date coupled with below normal rains,tight supplies and
lower availability of seeds for sowing may support prices at lower levels.
CORIANDER FUTURE
Coriander futures are expected to trade higher on concerns over crop output in major producers Bulgaria and Romania due to
unfavorable weather. Projected decline in coriander production in India compared to last year too pushed up coriander prices. The
Forward Markets Commission has approved modification of basis quote to exclude sales tax and value-added tax (VAT) from
coriander futures on the National Commodity and Derivatives Exchange.
SUGAR FUTURE
Sugar futures are expected to trade on a mixed to negative note. Weak demand, higher supplies and lack of fresh export orders
may keep prices under downside pressure. However, Incentive announced by the government and below normal rains may support
prices at lower levels.
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3. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
Dhaniya Aug chart trend is bullish, Momentum Indicator RSI is above mid range, expecting price may go up
Immediate support @ 11830& Immediate resistance @ 12000.
R1-12069 R2-12248 PP-11957 S1-11778 S2-11666
TRADING STRATEGY:
BUY DHANIYA AUG ABOVE 12000 TGTS 12030,12080 SL 11950
SELL DHANIYA AUG BELOW 11830 TGTS 11800,11750 SL 11880
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4. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
In Guarseed chart, Price is in support level, expecting from here onwards guarseed price may go Down
Momentum indicators RSI is below mid range. In intraday basis immediate support @ 5425 & immediate resistance @ 5495.
R1-5567 R2-5688 PP-5498 S1-5377 S2-5308
TRADING STRATEGY:
BUY GUARSEED AUG ABOVE 5495 TGTS 5525,5575 SL 5445
SELL GUARSEED AUG BELOW 5425 TGTS 5395,5345 SL 5475
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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