DAILY AGRI REPORT 29th SEPTEMBER 2012

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 HEADLINES
Chana falls on thin demand, better sowing prospects. Chana futures dropped on Friday due to slack demand in spot markets from millers and retailers and prospects of higher sowing, though estimates of lower kharif pulses output limited the fall. Domestic demand is dull in the spot market and selling pressure is expected in the futures market at higher

Trading tip:

levels. Traders expect the area under chana cultivation to increase because of improved rains late in the season. Chana is a rabi crop sown in October and depends on the monsoon for soil moisture. Expect NCDEX castor seed to retrace upto Rs 3,847 Castor seed October contract has witnessed a sharp correction from the highs of Rs 4,840. It has taken support around Rs 3,200 level, which is a crucial support zone for the agri commodity.

Sell SOYBEAN Nov Below 3136 TGTS-3105/3060 SL- 3188

Sell RMSEED Nov Below 3845 TGTS-3820/3785 SL-3885

STOCK CHANA RM SEED SOYABEAN JEERA

EXPERT OPINION
S1 4333 3791 3125 13455 S2 4284 3709 3065 13285 R1 4440 3974 3257 13895 R2 4511 4095 3329 14170

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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-Oct-12 7/19/2012 19-Oct-12 7/19/2012 20-Nov-12 7/19/2012 19-Oct-12 7/19/2012 28-Feb-13 7/19/2012 19-Oct-12 7/19/2012 19-Oct-12 7/19/2012 20-Nov-12 7/19/2012 19-Oct-12 20-Nov-12

4556

DAILY MARKET STATISTICS

4573 4525 4560 HIGH 5060 4457 1188 5418 14960 1187.5 1053 13987.5 42555 884 783.6 43570 4330 705.8 4676 3270 1282 5730 1457 LOW 5018 4350 1178 5304 14650 1167.5 1035 13550 42250 871.5 777.4 43265 4265.5 675.6 4518 3138 1251 5608 1435 CLOSE 5120 4426 1183.5 5310 15052.5 1187.5 1049 13907.5 42390 897 782.85 43520 4303 703.75 4664 3250 1246 5712 1444

4532 LTP 5018

-28 CHANGE -102 -48 -5.5 54 -252.5 -15.5 -8 -277.5 45 -25.5 -1.55 -140 12 -28.15 -124 -65 36 -72 -4

-0.61 PERCENTAGE -1.99 CHANGE -1.08 -0.46 1.02 -1.68 -1.31 -0.76 -2 0.11 -2.84 -0.2 -0.32 0.28 -4 -2.66 -2 2.89 -1.26 -0.28

OPEN 5060 4418 1188 5346 14955 1186.5 1044 13900 42300 884 780.5 43550 4309 704 4600 3261 1251 5706 1445

4378 1178 5364 14800 1172 1041 13630 42435 871.5 781.3 43380 4315 675.6 4540 3185 1282 5640 1440

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 DAILY SOYABEAN CHART

ANALYSIS
OPEN: 3261 HIGH: 3270 LOW: 3138 CLOSE: 3185

SOYABEAN LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

 DAILY CHANA CHART

ANALYSIS
OPEN: 4418 HIGH: 4457 LOW: 4350 CLOSE: 4378

CHANA LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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