DAILY AGRI REPORT 7TH FEBRUARY 2013

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 HEADLINES
Chana hits contract low, trend weak Chana futures were down after hitting a fresh contract low, in step with a weak spot market, as supplies came in from the new season crop, the most-active chana contract for April delivery on the National Commodity and Derivatives Exchange was 0.91 per cent down per 100 kg, after hitting a contract low of 3,366 rupees.

Trading tip:

Chilli, Jeera remain weak on sluggish demand Red chilli and jeera prices fell further by Rs 200 per quintal in the national capital today on sluggish demand from retailers and stockists amid adequate stocks. Weakening trend in futures market and hopes of higher output also put pressure

Buy Turmeric Apr Above 6426 TGTS- 6480/6550 SL- 6380

on select spice prices. Red chilli prices fell by Rs 200 to Rs 6,300-11,000 per quintal in view of rise in supply followed by the arrival of fresh crop in the domestic market.

EXPERT OPINION

Buy Jeera Mar Above 13550 TGTS-13650/13800 SL-13460

STOCK CHANA RM SEED SOYABEAN JEERA S1 3,323 3,407 3,264 13300 S2 3,278 3,359 3,221 13170 R1 3,441 3,502 3,352 13600 R2 3,498 3,564 3,404 13790

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA PRODUCT CHILLI NAME Chana GUR Chilli JEERA Gur KAPAS Jeera PEPPER REFKapas SOYA Pepper SOY BEAN Ref Soya TURMERIC Oil Soy Bean WHEAT Turmeric Wheat New

7/19/2012 EXP DATE 7/19/2012 19-Apr-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 28-Feb-13 7/19/2012 20-Feb-13 7/19/2012 20-Feb-13 7/19/2012 20-Feb-13 7/19/2012 19-Apr-13 20-Feb-13

4556

DAILY MARKET STATISTICS

4573 4525 4560 HIGH 5060 3412 1188 7022 14960 1115 1053 13547.5 42555 836 783.6 39475 4330 737.6 4676 3334.5 1282 6424 1548 LOW 5018 3364 1178 6824 14650 1106 1035 13395 42250 815 777.4 38930 4265.5 723.8 4518 3299 1251 6218 1539 CLOSE 5120 3410 1183.5 7042 15052.5 1108.5 1049 13515 42390 824.5 782.85 39310 4303 737.4 4664 3325.5 1246 6282 1531

4532 LTP 5018 3387 1178

-28 CHANGE -102 -23 -5.5 -212 -252.5 0.5 -8 -35 45 11.5 -1.55 -310 12 -12.3 -124 -15.5 36 68 17

-0.61 PERCENTAGE -1.99 CHANGE -0.67 -0.46 -3.01 -1.68 0.05 -0.76 -0.26 0.11 1.39 -0.2 -0.79 0.28 -1.67 -2.66 -0.47 2.89 1.08 1.11

OPEN 5060 3407 1188 7022 14955 1109 1044 13510 42300 815 780.5 39475 4309 736.1 4600 3334.5 1251 6284 1539

6830 14800 1109 1041 13480 42435 836 781.3 39000 4315 725.1 4540 3310 1282 6350 1548

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 DAILY SOYABEAN CHART

ANALYSIS
OPEN: 3325 HIGH: 3334 LOW: 3299 CLOSE: 3308

SOYABEAN LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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 DAILY CHANA CHART

ANALYSIS
OPEN: 3410 HIGH: 3412 LOW: 3364 CLOSE: 3385

CHANA LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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