Daily Agri Report by www.epicresearch.co - 25th FEBURARY 2013

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indore, India (prHWY.com) February 25, 2013 -  HEADLINES

Chana weakens 0.4% on profit-booking.
Chana futures for May fell Rs 14, or 0.40%, to Rs 3,476 per quintal in 27,430 lots. At the National Commodity and Derivative Exchange (NCDEX), the April contract declined Rs 12, or 0.34%, to Rs 3,432 per quintal in 74,380 lots. Prices weakened as speculators booked profits following weak spot market trend on increased supplies of the new crop
Turmeric, jeera prices rise as demand picks up
Turmeric and jeera prices rose by Rs 100 per quintal in the national capital largely on the back of a pick-up in domestic as well as export demand. Besides, a firming trend in futures market also supported the uptrend in select spice prices. Turmeric prices rose by Rs 100 to settle at Rs 6,200-10,000 per quintal.

TRADING TIP :

Sell Rmseed Apr

Below 3430
TGTS- 3400/3350
SL- 3460

Sell Chana Apr

Below 3428
TGTS-3400/3360
SL-3455

ANALYSIS
OPEN: 3345
HIGH: 3345
LOW: 3302
CLOSE: 3326
* SOYABEAN LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE
DAILY CHANA
ANALYSIS
OPEN: 3435
HIGH: 3462
LOW: 3433
CLOSE: 3447

* CHANA LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE

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