NCDEX Daily Agri Press Release Report by epicresearch 22st January 2014
CORIANDER FUTURE
Coriander futures are expected to trade higher on robust demand amid concerns over crop damage due to cold weather in Rajasthan and excessive rain occurred during the sowing period. East and west Rajasthan received rainfall 17 percent and 22 percent above normal.
SOYABEAN FUTURE
Soybean futures may trade on a positive note. Fresh meal export demand and positive overseas markets may Support prices. However, higher South American crop prospects may cap gains and pressurize prices. Prices may also take cues from the Rupee movement.
JERRA FUTURE
Jeera sowing in Gujarat is reported to be complete and is said to be in good condition. Jeera futures are expected to trade on a positive note supported by fresh overseas demand. However, higher sowing and higher output expectations this season may cap sharp gains and pressurize prices
SUGGESTION OF TODAY TRADING STRATEGY:
BUY CHANA FEB ABOVE 3065 TGTS 3095, 3145 SL 3005
SELL CHANA FEB BELOW 3040 TGTS 3010, 2960 SL 3090
SUGGESTION OF TODAY TRADING STRATEGY:
BUY CASTORSEED FEB ABOVE 4385 TGTS 4415, 4465 SL 4335
SELL CASTORSEED FEB BELOW 4315 TGTS 4285, 4235 SL 4365
SUGGESTION OF TODAY TRADING STRATEGY:
BUY DHANIYA FEB ABOVE 8485 TGTS 8515, 8565 SL 8435
SELL DHANIYA FEB BELOW 8345 TGTS 8315, 8265 SL 8395
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