AGRI COMMODITIES WEEKLY TECHNICAL REPORT!!!!

20-JAN-2014

NCDEX WEEKLY Newsletter (20/JAN/2014)

AGRI COMMODITY WEEKLY WRAP UP..!!!!

SOYABEAN FUTURE Soybean Feb futures traded on a positive note on Thursday tracking positive overseas markets as well as fresh soy meal export demand. However, prices corrected marginally from higher levels on profit taking and settled 0. !" higher. #rrivals of the new crop across $ndia are reported at %&',000 bags on Thursday as against%(0,000 bags on )ednesday. S*+# has estimated production to be lower and has revised its output expectations to % .', lk tn from % (.&' lk tn earlier. CHANA FUTURE -hana futures are expected to trade on mixed to negative note. )eak demand, higher sowing, favorable climatic conditions, increasing imports as well as comfortable supplies may exert downside pressure on the prices. However, weather concerns in north $ndia may support prices at lower levels. +rices are trading near the .S+ levels, thus, no sharp downside is expected. Sowing of -hana has picked up across the ma/or growing states0 weather conditions and planting progress thereon are the crucial factors to be watch for here onwards. GUARSEED FUTURE #fter the recent rise in rates for 1uarseed, profit booking at the higher levels brought some dips to the rising rates. Traders are reportedly waiting for some more corrections in prices but the export demand is likely to pick up once, some more corrections are there. Traders feel present rates are on the lower side. # strong 2ollar vs 3upee could aide in the exports favorably. TURMARIC FUTURE +rices seem to find some strong support at these levels even as low trading activities prevented any strong upside movement for the commodity. )ith new crop arrivals there, the uptrend has been limited. Traders however anticipate present rates are very low and some more recovery cannot be ruled out in coming days once exports start picking up again.
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NCDEX WEEKLY Newsletter (20/JAN/2014)

NCDEX OIL & OIL SEEDS WEEKLY TECHNICAL LE ELS

CASTOR SEED DAILY CANDLESTICK CHART

TRADING STRATEGY! "UY CASTORSEED #E" A"O E 4420 TGTS 4$20%4&20 SL 42'0 SELL CASTORSEED #E" "ELOW 42$0 TGTS 41$0%40$0 SL 4()0

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NCDEX WEEKLY Newsletter (20/JAN/2014)

NCDEX PULSES WEEKLY TECHNICAL LE ELS

CHANA DAILY CANDLESTICK CHART

TRADING STRATEGY! "UY CHANA #E" A"O E (1(0 TGTS (2(0% (((0 SL (000 SELL CHANA #E" "ELOW (040 TGTS 2)40% 2'40 SL (1'0

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NCDEX WEEKLY Newsletter (20/JAN/2014)

NCDEX SPICES WEEKLY TECHNICAL LE ELS

DHANIYA DAILY CANDLESTICK CHART

TRADING STRATEGY! "UY DHANIYA #E" A"O E '2($ TGTS '(($%'4($ SL '100 SELL DHANIYA #E" "ELOW '010 TGTS *)10%*'10 SL '1$0

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NCDEX WEEKLY Newsletter (20/JAN/2014)

DISCLAIMER
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NCDEX WEEKLY Newsletter (20/JAN/2014)

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