NCDEX Daily Agri Press Release Report by epicresearch 23st January 2014
TURMERIC FUTURE
Turmeric futures have consolidated at higher levels. Domestic and overseas demand coupled with crop concerns in Andhra Pradesh supported prices. However, huge carryover stocks coupled with arrivals of the new crop pressurize prices at higher level.
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 3015
SELL CHANA FEB BELOW 3040 TGTS 3010,2960 SL 3090
SUGGESTION OF TODAY TRADING STRATEGY:
BUY CASTORSEED FEB ABOVE 4335 TGTS 4365,4415 SL 4285
SELL CASTORSEED FEB BELOW 4275 TGTS 4245,4195 SL 4315
SUGGESTION OF TODAY TRADING STRATEGY:
BUY DHANIYA FEB ABOVE 8465 TGTS 8495,8545 SL 8415
SELL DHANIYA FEB BELOW 8390 TGTS 8360,8310 SL 8440
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