DAILY AGRI REPORT 31TH MAY 2013

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 HEADLINES
Indian chana edges up. Indian chana futures edged up on Thursday on lower-level buying supported by a pick-up in local demand, though estimates of higher production weighed on sentiment. The arrival period this season has been extended on account of record high production and a delayed start in harvesting. At 0921 GMT, the June contract
EPIC FOREX:

on the National Commodity and Derivatives Exchange (NCDEX) was up 0.19 percent at 3,189 rupees per 100 kg. It had hit a contract low of 3,105 rupees in the previous trade. Profit booking pounds jeera Jeera futures declined on profit booking by traders, while spot jeera price remained unchanged on normal trading activity. On

Trading tip:

Buy chilli June above 5800 tg 5900, 6000 sl 5700

the NCDEX, jeera June contract was down Rs 20 to Rs 13,030 a quintal with an open interest of 9,690 lots. NCDEX July jeera contract decreased Rs 7.50 to Rs 13,222.50 with an open interest

Buy Castorseed June above 3255 tg 3270,3300 sl 3200

of 9,513 lots.

EXPERT OPINION
STOCK CHANA RM SEED SOYABEAN JEERA S1 3,170 3,420 3780 12870 S2 3125 3370 3740 12700 R1 3260 3495 3850 13050 R2 3300 3530 3895 13200

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 DAILY SOYABEAN CHART

ANALYSIS
OPEN: 3840 HIGH: 3848 LOW: 3820 CLOSE: 3826

SOYABEAN LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS

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 DAILY CHANA CHART

ANALYSIS
OPEN: 3190 HIGH: 3224 LOW: 3179 CLOSE: 3128

CHANA LOOKS DOWNWAYS TREND: BEARISH STRATEGY: SELL ON RISE

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