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NCDEX AGRI COMMODITIES DAILY TECHNICAL REPORT!!!!

19-FEBRUARY-2014

NCDEX DAILY Newsletter

AGRI COMMODITY DAILY WRAP UP..!!!!


TURMERIC FUTURE Turmeric futures are seen trading higher on account of good demand from buyers in India and overseas coupled with concerns about yield in Andhra radesh! "hortage of good #uality spice and e$pectations of rise in e$port en#uiries too limited sharp fall in prices! Turmeric futures are li%ely to trade with positive bias due to wea% production estimates for the current year! ME&T'A(I) FUTURE The fundamentals are bearish for Mentha oil so spot prices are still maintaining lower and the bul% buyers are also less in the mar%et! At the futures mar%et* February contract showed a marginal gain in prices along with higher volume while open interest fell! This indicates price rise could be a short covering phase which may sustain for a while! For the day we believe futures prices might advance a tad however* we need to closely watch the today+s spot mar%et activities! "(,A-EA& FUTURE "oybean futures may trade on a positive note! )ower arrivals* positive overseas mar%ets and dry weather in -ra.il may support prices! 'owever* sluggish domestic demand coupled with prospects of higher output in "outh America may cap sharp gains! rices may also ta%e cues from movement in the Indian Rupee! C'A&A FUTURE Chana may trade on a mi$ed note! Reports that the state government may intervene and start procuring pulses at M" coupled with higher pulses e$ports data may support prices however* comfortable supply situation as well as higher output estimates may pressuri.e prices!

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OIL SEEDS DAILY TECHNICAL LE!ELS

DHANIYA HOURLY CANDLESTIC" CHART

TRA/I&0 "TRATE0,1 -U, /'A&I,A A R A-(2E 3456 T0T" 3476*3566 ") 3686 "E)) /'A&I,A A R -E)(9 36:6 T0T" 3666*;376 ") 36;6

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CASTORSEED HOURLY CANDLESTIC" CHART

TRA/I&0 "TRATE0,1 -U, CA"T(R"EE/ MAR A-(2E <567 T0T" <5:7*<5;7 ") <477 "E)) CA"T(R"EE/ MAR -E)(9 <4<6 T0T" <446*<6=6 ") <436

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CHANA HOURLY CANDLESTIC" CHART

TRA/I&0 "TRATE0,1 -U, C'A&A A R A-(2E :6:6 T0T" :676*:636 ") 5336 "E)) C'A&A A R -E)(9 :666 T0T" 5386*5346 ") :676

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