DAILY AGRI REPORT 18TH JANAURY 2013

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 HEADLINES
Indian chana edges up; new season supply trims gain. Indian chana futures edged up, tracking a pick-up in spot demand after a recent fall in prices, but hopes of a higher output and new season supplies capped the gains. Arrivals from the new season crop have started from Andhra Pradesh, Karnataka and Maharashtra, while supplies from other destinations are expected in the coming days, the most-active chana contract for April delivery on the National Commodity and Derivatives Exchange ( NCDEX) edged up 0.29 percent . Turmeric future to trade negative on lower offtake. Turmeric futures are expected to trade with a negative bias due to lower offtake by the stockists. Also, sluggish export demand may weigh on the market sentiments. Likely rise in supply in major spot markets after Pongal

Trading tip:

Buy Chana Apr Above 3540 TGTS-3570/3600 SL- 3515

festival may also add to the weak trend.

EXPERT OPINION

Buy Jeera mar Above 14050 TGTS-14150/14250 SL-13950

STOCK CHANA RM SEED SOYABEAN JEERA

S1 3,487 3,412 3,198 13850

S2 3,423 3,363 3,123 13700

R1 3,571 3,498 3,278 14180

R2 3,623 3,552 3,326 14300

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA PRODUCT CHILLI NAME Chana GUR Chilli JEERA Gur KAPAS Jeera PEPPER REFKapas SOYA Pepper SOY BEAN Ref Soya TURMERIC Oil Soy Bean WHEAT Turmeric Wheat New

7/19/2012 EXP DATE 7/19/2012 19-Apr-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 28-Feb-13 7/19/2012 20-Feb-13 7/19/2012 20-Feb-13 7/19/2012 20-Feb-13 7/19/2012 19-Apr-13 20-Feb-13

4556

DAILY MARKET STATISTICS

4573 4525 4560 HIGH 5060 3535 1188 6600 14960 1114 1053 14070 42555 880 783.6 37205 4330 724 4676 3264 1282 6630 1500 LOW 5018 3488 1178 6508 14650 1105.5 1035 13810 42250 880 777.4 36520 4265.5 710.65 4518 3205 1251 6530 1480 CLOSE 5120 3492 1183.5 6508 15052.5 1105.5 1049 13902.5 42390 884.5 782.85 37230 4303 716 4664 3222.5 1246 6562 1481

4532 LTP 5018 3534 1178

-28 CHANGE -102 42 -5.5 32 -252.5 5.5 -8 115 45 -4.5 -1.55 -355 12 -3.1 -124 18.5 36 20 19

-0.61 PERCENTAGE -1.99 CHANGE 1.2 -0.46 0.49 -1.68 0.5 -0.76 0.83 0.11 -0.51 -0.2 -0.95 0.28 -0.43 -2.66 0.57 2.89 0.3 1.28

OPEN 5060 3500 1188 6526 14955 1105.5 1044 13875 42300 880 780.5 37195 4309 717.5 4600 3228 1251 6560 1482

6540 14800 1111 1041 14017.5 42435 880 781.3 36875 4315 712.9 4540 3241 1282 6582 1500

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 DAILY SOYABEAN CHART

ANALYSIS
OPEN: 3220 HIGH: 3262 LOW: 3205 CLOSE: 3241

SOYABEAN LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

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 DAILY CHANA CHART

ANALYSIS
OPEN: 3500 HIGH: 3535 LOW: 3488 CLOSE: 3534

CHANA LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS

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