Daily Agri Report by www.epicresearch.co – 10th JUNE 2013

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ListFree.org (Press Release) - Monday, June 10th, 2013

Indian chana edges up 1.2% as buyers show.
Chana prices rose by 1.24% to Rs 3,176 per quintal in futures trade today as participants enlarged their holdings in the commodity on account of the good demand in the market after a recent fall inprices. However, estimates of higher production restricted theupside. At the National Commodity and Derivatives Exchange, chana for delivery in June rose by Rs 39, or 1.24%, to Rs 3,176 per quintal, with an open interest of 13,610 lots
Jeera remains up 0.6% on export demand.
Jeera common and jeera best quality also higher by Rs 200 each toconclude at Rs 12,700-13,300 and Rs 16,700-17,300 per quintal,respectively. Traders said apart from buying by retailers andstockiest, fall in supplies from producing belts, pushed up chilli and jeera prices on the wholesale kirana market here.
Trading tip:
Sell Castorseed July
below 3545 tg 3500,
3450 sl 3590

Sell dhaniya July
below 6670
tg 13020,12950
sl 13150

ANALYSIS
DAILY SOYABEAN CHART
OPEN: 3760
HIGH: 3780
LOW: 3760
• CLOSE: 3772 SOYABEAN
• LOOKS SIDEWAYS TREND: BEARISH
• STRATEGY: BUY ON DIPS
DAILY CHANA
OPEN: 3187
HIGH: 3205
LOW: 3173
CLOSE: 3179
• CHANA LOOKS DOWNWAYS
• TREND: BEARISH
• STRATEGY: SELL ON RISE

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