Daily Agri Report by – 19 January 2013

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  • 7/29/2019 Daily Agri Report by www.epicresearch.co 19 January 2013

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    DAILY AGRI REPORT

    19TH

    JANAURY 2013

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    HEADLINESSoybean to trade positive next week on short

    covering.

    Soybean futures are expected to trade in a positive territory i

    the first half of next week as investors may cover shor

    positions built up before US Department of Agriculture data

    Soybean futures on National Commodity and Derivative

    Exchange ended up tracking over 1.5% gain in benchmar

    contract on the Chicago Board of Trade on Wednesday. CBO

    gained on concerns that dry weather in parts of South Americ

    may damage the standing crop.

    Turmeric future to trade negative on lower offtake.

    Turmeric futures are expected to trade with a negative bia

    due to lower offtake by the stockists. Also, sluggish expor

    demand may weigh on the market sentiments. Likely rise i

    supply in major spot markets after Pongal festival may als

    add to the weak trend.

    EXPERT OPINION

    STOCK S1 S2 R1 R2

    CHANA 3,487 3,423 3,571 3,623

    RM SEED 3,412 3,354 3,498 3,552

    SOYABEAN 3,164 3,110 3,278 3,326

    JEERA 13500 13330 13800 14000

    Trading tip:Sell Soybean Feb

    Below 3210

    TGTS-3170/3130

    SL- 3240

    Sell Jeera mar

    Below 13650

    TGTS-13550/13400

    SL-13750

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    PRODUCT

    NAME

    EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE

    CHANGE

    CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61

    CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99

    GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46

    JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68

    KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76

    PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11

    REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2

    SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28

    TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66

    WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89

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    DAILY MARKET STATISTICSPRODUCT

    NAMEEXP DATE OPEN HIGH LOW CLOSE LTP CHANGE PERCENTAGE

    CHANGE

    Chana 19-Apr-13 3520 3550 3518 3525 3528 3 0.09

    Chilli 20-Mar-13 6564 6678 6532 6550 6586 36 0.55

    Gur 20-Mar-13 1112 1112 1101 1108.5 1104.5 -4 -0.36

    Jeera 20-Mar-13 14010 14050 13625 14025 13670 -355 -2.53

    Kapas 30-Apr-13 926 928 921 922.5 926 3.5 0.38

    Pepper 20-Feb-13 36255 36990 36255 36970 36890 -80 -0.22

    Ref Soya

    Oil20-Feb-13 715.5 717.9 712.05 713.1 716 2.9 0.41

    Soy Bean 20-Feb-13 3241 3245.5 3211.5 3234 3220 -14 -0.43

    Turmeric 19-Apr-13 6578 6638 6360 6600 6380 -220 -3.33

    Wheat

    New20-Feb-13 1501 1519 1490 1496 1516 20 1.34

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    DAILY SOYABEAN CHART

    ANALYSISOPEN: 3234

    HIGH: 3245

    LOW: 3211

    CLOSE: 3220

    SOYABEAN LOOKS DOWNWARD

    TREND: BEARISH

    STRATEGY: SELL ON RISE

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    DAILY CHANA CHART

    ANALYSIS

    OPEN: 3520

    HIGH: 3550

    LOW: 3518

    CLOSE: 3528

    CHANA LOOKS SIDEWAYS

    TREND: CONSOLIDATE

    STRATEGY: BUY ON DIPS

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