DAILY AGRI REPORT 5TH APRIL 2013

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 HEADLINES
Chana can tumble down to Rs 3050. NCDEX Chana has been falling in a channelised manner. In terms of price pattern, it has formed a bearish triangle where the last leg has made a throw-over. This leg faced resistance at the junction of the 40-daily exponential moving average, daily upper Bollinger Band and upper end of the falling channel. Thus the agri-commodity looks set for the next leg down.

Trading tip:

Unless the swing high of Rs 3511 is crossed chana can tumble down till the lower channel line i.e. Rs 3050. Jeera rises on export demand, turmeric falls Jeera futures rose tracking firm cues from the spot market and on a rise in export demand, though arrivals from the new

Buy RMssed May Above 3579 TGTS- 3600/3640 SL 3550

season crop and expectations of higher output weighed on sentiment. The actively traded jeera contract for May delivery was 0.85 percent up at 13,330 rupees per 100 kg on the National Commodity and Derivatives Exchange (NCDEX).

Sell Turmeric May Below 6440 TGTS- 6400/6300 SL-6480

STOCK CHANA RM SEED SOYABEAN JEERA

EXPERT OPINION
S1 3,423 3,523 3,829 13370 S2 3,383 3,480 3,779 13150 R1 3,523 3,598 3,931 13710 R2 3,570 3,642 3,978 13900

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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 20-May-13 7/19/2012 20-Jun-13 7/19/2012 19-Jul-13 7/19/2012 20-May-13 7/19/2012 30-Apr-13 7/19/2012 20-May-13 7/19/2012 20-May-13 7/19/2012 20-May-13 7/19/2012 20-May-13 20-May-13

4556 OPEN 5060 3455 1188 6792 14955 1328 1044 13305 42300 936 780.5 35775 4309 688 4600 3735 1251 6576 1382

DAILY MARKET STATISTICS

4573 4525 4560 4532 LTP 5018 3471 1178 6854 14800 1331.5 1041 13520 42435 941.5 781.3 35940 4315 698.75 4540 3891 1282 6580 1399 HIGH 5060 3497 1188 6892 14960 1336 1053 13632.5 42555 945 783.6 36000 4330 699.45 4676 3905 1282 6620 1399 LOW 5018 3453 1178 6754 14650 1326.5 1035 13190 42250 931.5 777.4 35500 4265.5 685.2 4518 3735 1251 6478 1378 CLOSE 5120 3457 1183.5 6766 15052.5 1328 1049 13290 42390 939 782.85 35680 4303 689.65 4664 3762 1246 6560 1379

-28 CHANGE -102 14 -5.5 88 -252.5 3.5 -8 230 45 2.5 -1.55 260 12 9.1 -124 129 36 20 20

-0.61 PERCENTAGE -1.99 CHANGE 0.4 -0.46 1.3 -1.68 0.26 -0.76 1.73 0.11 0.27 -0.2 0.73 0.28 1.32 -2.66 3.43 2.89 0.3 1.45

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 DAILY SOYABEAN CHART

ANALYSIS
OPEN: 3762 HIGH: 3905 LOW: 3735 CLOSE: 3891

SOYABEAN LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS

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 DAILY CHANA CHART

ANALYSIS
OPEN: 3457 HIGH: 3497 LOW: 3453 CLOSE: 3474

CHANA LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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