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DAILY AGRI REPORT BY EPIC RESEARCH- 22 DECEMBER 2012
1. DAILY AGRI REPORT
22ND DECEMBER 2012
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2. HEADLINES
Chana falls on higher output expectations.
Indian chana futures fell due to expectations of higher output
from a likely increase in the area under cultivation while the
likelihood of higher imports also weighed. The most-active
chana contract for January delivery on the National
Commodity and Derivatives Exchange was down 0.89 percent
per 100 kg as of 0834 GMT. Chana sowing is progressing well
and weather conditions are so far supportive.
Trading tip:
Jeera futures decline 0.64% on profit-booking
Sell Turmeric Mar
Jeera prices fell by 0.64 per cent per quintal in futures trade as
Below 6400 speculators preferred to book profits at prevailing higher
levels. However, some overseas enquiries capped the losses.
TGTS-6360/6320 At the National Commodity and Derivatives Exchange, jeera
for delivery in March month declined by Rs 102.50, or 0.64 per
SL- 6442
cent per quintal with an open interest of 13,539 lots.
EXPERT OPINION
Sell Chana Jan
STOCK S1 S2 R1 R2
Below 4015
CHANA 3977 3922 4056 4102
TGTS-3985/3950 RM SEED 4198 4139 4294 4334
SOYABEAN
SL-4050 3223 3156 3334 3381
JEERA 15427 15271 15812 15999
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