Daily Agri Report by www.epicresearch.co – 11th JUNE 2013

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ListFree.org (Press Release) - Tuesday, June 11th, 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 in prices. However, estimates of higher production restricted the upside. 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 to conclude at Rs 12,700-13,300 and Rs 16,700-17,300 per quintal, respectively. Traders said apart from buying by retailers and stockiest, fall in supplies from producing belts, pushed up chilli and jeera prices on the wholesale kirana market here.

 Trading tip:
Buy Castorseed July
above 3700 tg 3750,
3800 sl 3650

Sell dhaniya July
below 6490
tg 6450,6400
sl 6540

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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