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NCDEX (AGRI) From 15 -APRWEEKLY 2013 REPORT TO 19-APR-2013

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CHANA (MAY) FUNDAMENTAL OUTLOOK


After working in a range an upside moment seen in chana on Friday due to delay in arrivals of new crop from MP, Stockiest have also been buying at lower levels gives chana a sharp upside movement. For up coming week chana may tread on positive not due to yield concerns from MP coupled with domestic buying by the stockiest and wedding season demand, while arrivals crop may Contract Support of the new Resistance cap sharp upside. Chana 3600-3640 3730-3780 MAY Futures

SYOBEAN (MAY) FUNDAMENTAL OUTLOOK


Due to profit booking from higher level in soybean settled at . However soybean price bounced back from 3900 due to poor supply in the domestic market. weak meal export demand kept spot prices under downside pressure. So a sideways trend may seen in up coming weak A Special Cash Margin of 10% on the Contract Support Resistance Long side has been imposed in April SYOBEAN 2013 expiry contract in Soybean. 3900-3847 4066-4136 May Futures

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FUNDAMENTAL OUTLOOK

JEERA (MAY)

Jeera traded on a mixed note previous week. Jeera Futures is expected to recover from lower levels on account of good overseas as well as domestic demand may support prices. However, higher arrivals of the new crop may pressurize prices. As per Technical point of view Jeera can tack support of 13500 while profitResistance booking is Contract Support expected at higher level. JEERA 1358013920MAY Futures 13680 14040

CHILLI (MAY) FUNDAMENTAL OUTLOOK


Chilli treaded all week in range, for up coming week Chilli futures are expected to trade with a negative bias due to sluggish demand from domestic and overseas market.
Contract CHILLI MAY Futures Support Resistance

6680-6750

6520-6450

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TURMERIC (MAY) FUNDAMENTAL OUTLOOK


Turmeric futures traded higher as the recent pick-up in demand from north India and overseas markets has improved sentiment. Demand for turmeric is likely to pick up in the coming days, especially from the southern part of the country, due to commencement of local festivals. Concerns over crop damage and lower output estimates were also seen Contract Support Resistance supporting the prices. TURMERIC 6840-6930 7130-7230 APR Futures

PEPPER (MAY) FUNDAMENTAL OUTLOOK


Pepper future prices ended mixed profit booking and subdued demand in the market. Exports demand for Indian pepper in the international markets is also weak due to price parity. So, Pepper is likely to trade in range with weak bias for near term. NCDEX Pepper May contract has strong resistance at 36500 and support at 35000. Either side breakout will provide further direction. The probability Contract Support Resistance of downside breakout is higher. PEPPER 3540035750MAY Futures 35500 35840

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Weekly Market Status


Symbol Exch Expiry Commodity Price Unit Previou Open High Low Close Chan Open ange Date Name s Close ge Intere st NCDE 20-MAY X NCDE 20-MAY X NCDE 20-MAY X JEERA CHANA SYOBEAN RS/3MT RS/ 10MT RS/ 10MT 13752 13700 14125 3572 3868 697.30 1368 1377 0 7 +25 +98 +88

JEERAUNJHA CHARJDDEL SYBEANIDR SYOREFIDR PPRMLGKOC DHANIYA RMSEED TMCFGRNZM CHLL334GTR

3580 3724 3543 3670 3875 4136 3875 3956 699

NCDE 20-MAY SYOREF OIL RS / 10MT X NCDE 20-MAY X NCDE 20-MAY X NCDE 20-MAY X PEPPER DHANIYA RMSEED RS / 1MT RS/ 5MT RS/ 10MT

721.9 697.3 708.9 +11.6 0 5 0 3538 3576 0 0 +35

35725 35735 35950 7271 3609 6706 6760

7289 7764 7273 7460 +189 3620 3660 3563 3614 +5

NCDE 20-MAY TURMERIC RS/ 5MT X MCX 20-MAY CHILLI RS/ 5MT

6700 7140 6700 7054 +348 6752 6752 6526 6580 -180

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