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1. DAILY AGRI REPORT
10-APR-2014

2. NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
CARDAMOM FUTURE
Cardamom futures may trade with a positive bias on firm overseas demand . Meanwhile, strong arrivals likely to
limit sharp rise in prices.As per market source,the Spices Board of India has allowed cardamom producers to sell
their produce directly to dealers licensed by the Board.
TURMERIC FUTURE
India exported 50500 tonnes of turmeric for Rs.408.28 crore during April-November 2013, up 11 percent and 41
percent respectively in volume and value of exports over the same period last year. The Nizamabad market
remained closed from Mar 28 to Apr 2 for the financial year end.
CHANA FUTURE
Chana futures are expected to trade on a negative note today. Good sowing reports from MP, UP and Rajasthan
amidst high stocks, rise in imports and fall in demand have pressurized Chana rates for last few months. As per
ministry of Agriculture reports, sown area for Rabi Pulses is projected at a record high 16.2 million. Significant
improvement in yield to move above 900kg/ha was also possible due to conducive weather.
JEERA FUTURE
Jeera futures are expected to trade lower due to selling pressure as arrivals of the new crop are rising sharply in
spot markets. The off take is likely to remain limited due to expectation of high output on significant rise in
sowing. However, expectations of pick up in export may limit sharp fall in prices. As per the latest data by Gujarat
Agriculture Board, total acreage of jeera in the state has been increased by 1.05 lakh hectares from the last year
to 4.54 lakh hectares. Traders estimated that total production of jeera is likely to increase by 10 lakh bags to
around 46 lakh bags in the current year.
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3. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
Dhaniya daily chart shows bullish trend. from the nearest support level expecting bounce back will come & continue its rally
RSI is above mid range signs bullishness. Immediate support @ 9635 & Immediate resistance @ 9710.
R1-9787 R2-9895 S1-9545 S2-9411
TRADING STRATEGY:
BUY DHANIYA APR ABOVE 9710 TGTS 9740,9790 SL 9660
SELL DHANIYA APR BELOW 9635 TGTS 9605,9555 SL 9695
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4. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
Guarseed apr short term trend looking sideways to bearish in daily chart. Expecting from here onwards guarseed
may go down Momentum indicators RSI is below mid range, signs bearishness. In intraday basis
immediate support @ 4480 & immediate resistance @ 4630.
R1-4580 R24680 S1-4430 S2-4380
DITRADING STRATEGY:
TRADING STRATEGY:
BUY GUARSEED APR ABOVE 4630 TGTS 4660,4710 SL 4580
SELL GUARSEED APR BELOW 4480 TGTS 4450,4400 SL 4530 ER
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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