Daily Agri Report31 May 2013

7/28/2019 Daily Agri Report31 May 2013

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DAILY AGRI REPORT

31TH

MAY 2013

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HEADLINESIndian chana edges up.

Indian chana futures edged up on Thursday on lower-level buyin

supported by a pick-up in local demand, though estimates o

higher production weighed on sentiment. The arrival period th

season has been extended on account of record high productio

and a delayed start in harvesting. At 0921 GMT, the June contrac

on the National Commodity and Derivatives Exchange (NCDEX

was up 0.19 percent at 3,189 rupees per 100 kg. It had hit

contract low of 3,105 rupees in the previous trade.

Profit booking pounds jeera

Jeera futures declined on profit booking by traders, while spo

jeera price remained unchanged on normal trading activity. O

the NCDEX, jeera June contract was down Rs 20 to Rs 13,030

quintal with an open interest of 9,690 lots. NCDEX July jeer

contract decreased Rs 7.50 to Rs 13,222.50 with an open interesof 9,513 lots.

EXPERT OPINION

STOCK S1 S2 R1 R2

CHANA 3,170 3125 3260 3300

RM SEED 3,420 3370 3495 3530

SOYABEAN 3780 3740 3850 3895

JEERA 12870 12700 13050 13200

Trading tip:Buy chilli June above

5800 tg 5900, 6000 sl

5700

Buy Castorseed June

above 3255

tg 3270,3300

sl 3200


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DAILY SOYABEAN CHART

ANALYSISOPEN: 3840

HIGH: 3848

LOW: 3820

CLOSE: 3826

SOYABEAN LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS



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DAILY CHANA CHART

ANALYSIS

OPEN: 3190

HIGH: 3224

LOW: 3179

CLOSE: 3128

CHANA LOOKS DOWNWAYS TREND: BEARISH STRATEGY: SELL ON RISE



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Daily Agri Report31 May 2013

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