Daily Agri Report by www.epicresearch.co – 7 FEBURARY 2013

Chana hits contract low, trend weak Chana futures were down after hitting a fresh contract low, in step with a weak spot market, as supplies came in from the new season crop, the most-active chana contract for April delivery on the National Commodity and Derivatives Exchange was 0.91 per cent down per 100 kg, after hitting a contract low of 3,366 rupees.

ListFree.org (Press Release) - Thursday, February 7th, 2013

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Chana hits contract low, trend weak
Chana futures were down after hitting a fresh contract low, in step with a weak spot market, as supplies came in from the new season crop, the most-active chana contract for April delivery on the National Commodity and Derivatives Exchange was 0.91 per cent down per 100 kg, after hitting a contract low of 3,366 rupees.
Chilli, Jeera remain weak on sluggish demand
Red chilli and jeera prices fell further by Rs 200 per quintal in the national capital today on sluggish demand from retailers and stockists amid adequate stocks. Weakening trend in futures market and hopes of higher output also put pressure on select spice prices. Red chilli prices fell by Rs 200 to Rs 6,300-11,000 per quintal in view of rise in supply followed by the arrival of fresh crop in the domestic market.

Trading tip:
Buy Turmeric Apr
Above 6426
TGTS- 6480/6550
SL- 6380

Buy Jeera Mar
Above 13550
TGTS-13650/13800
SL-13460

ANALYSIS

DAILY SOYABEAN CHART

ANALYSIS
OPEN: 3325
HIGH: 3334
LOW: 3299
CLOSE: 3308
• SOYABEAN LOOKS SIDEWAYS
• TREND: CONSOLIDATE
• STRATEGY: SELL ON RISEDAILY CHANA

ANALYSIS

DAILY CHANA CHART

OPEN: 3410
HIGH: 3412
LOW: 3364
CLOSE: 3385
• CHANA LOOKS DOWNWARD
• TREND: BEARISH
• STRATEGY: SELL ON RISE

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