NCDEX Weekly Agri Commodity Press Release Report by epicresearch 17 st January 2014


Posted January 17, 2014 by epicresearch5

Festival in Gujarat kept trading activities low for Jeera in mandis.Spot remained down but possibilities of adverse weather in Rajasthan could support the market sentiments to some extent.

 
JEERA FUTURE

Festival in Gujarat kept trading activities low for Jeera in mandis.Spot remained down but possibilities of
adverse weather in Rajasthan could support the market sentiments to some extent. Cold weather re-ports from
growing states of Gujarat and Rajasthan have so far kept trend weak for Jeera as the crop growth reports are
good.

GUARSEED FUTURE

After the recent rise in rates for Guarseed, 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. A strong Dollar vs Rupee could aide in the exports favorably.

TURMERIC FUTURE

Prices seem to find some strong support at these levels even as low trading activities prevented any strong
upside movement for the commodity. With 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.

SUGGESTION OF TODAY TRADING STRATEGY:

BUY DHANIYA FEB ABOVE 8250 TGTS 8280 / 8330 SL 8200
SELL DHANIYA FEB BELOW 8070 TGTS 8040 / 7990 SL 8120

SUGGESTION OF TODAY TRADING STRATEGY:

BUY CASTORSEED FEB ABOVE 4445 TGTS 4475 / 4505 SL 4395
SELL CASTORSEED FEB BELOW 4370 TGTS 4340 / 4290 SL 4420

SUGGESTION OF TODAY TRADING STRATEGY:

BUY CHANA FEB ABOVE 3135 TGTS 3165 / 3215 SL 3085
SELL CHANA FEB BELOW 3095 TGTS 3065 / 3015 SL 3145


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Last Updated January 17, 2014