NCDEX Daily Agri Commodites Technical Press Release Report by epicresearch 15 st January 2014

CORIANDER FUTURE

Coriander futures are expected to trade higher on robust demand amid limited supplies in the physical market. The prospects of lower production due to lesser acreage this season could support market sentiment. Coriander acreage in Rajasthan was 128220 hectares for the current year which is 80 percent of total area of 158678 hectares in 2012-13. Still, the farmers are likely to bring their produce in huge quantities due to prevailing high prices.

JEERA FUTURE

Jeera futures may trade on a mixed note. Higher sowing this season may pressurize prices. However, demand from the overseas markets may support prices at lower levels. According to a circular issued by NCDEX there are some modifications made in the Quality specification.

CHANA FUTURE

Chana recovered moderately as demand rose in the mandis at the lower levels. Prices continued to find some support at the lower levels that had fallen over last few weeks. Domestic Festive season demand is expected to pick up in coming days but traders are reportedly waiting for some corrections before initiating fresh demand in mandis. Higher arrivals and higher imports have prevented any strong uptrend for quite sometime.

SUGGESTION OF TODAY TRADING STRATEGY:

BUY CHANA FEB ABOVE 3120 TGTS 3150/3200 SL 3080

SELL CHANA FEB BELOW 3095 TGTS 3065/3015 SL 3145

SUGGESTION OF TODAY TRADING STRATEGY:

BUY DHANIYA FEB ABOVE 7930 TGTS 7960/8010 SL 7880

SELL DHANIYA FEB BELOW 7820 TGTS 7790/7740 SL 7930

SUGGESTION OF TODAY TRADING STRATEGY:

BUY CASTORSEED FEB ABOVE 4410 TGTS 4440/4500 SL 4360

SELL CASTORSEED FEB BELOW 4310 TGST 4280/4230 SL 4460

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