Daily Agri Report by www.epicresearch.co - 16th MARCH 2013

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indore, India (prHWY.com) March 16, 2013 - Daily Agri Report by www.epicresearch.co - 16th MARCH 2013
 HEADLINES
Chana futures up on pick-up in demand.
Chana prices rose by Rs 9 to Rs 3,395 per quintal in futures trade mostly supported by rising demand in the spot markets. However, expectations of higher output and rising arrivals from the new season crop in the physical market restricted the gains. At the National Commodity Derivatives Exchange, chana for delivery in April rose by Rs 9, or 0.27 per cent, to Rs 3,395 per quintal, with an open interest of 73,590 lots.
Turmeric retreats from high; jeera up on exports
Turmeric futures retreated from a contract high to trade down as mounting stocks and supplies from the new season crop offset concerns over lower output. National Commodity and Derivatives Exchange (NCDEX) has imposed a 10 per cent special margin on long-side turmeric contracts effective Mar. 14. At 0900 GMT.
 TRADING TIP :
Sell Turmeric May

Below 6890
TGTS- 6860/6820
SL-6920
Buy Castorseed Apr

Above 3662
TGTS-3698/3740
SL-3630

ANALYSIS
 DAILY SOYABEAN CHART
OPEN: 3476
HIGH: 3512
LOW: 3476
CLOSE: 3503
* SOYABEAN LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DIPS

 DAILY CHANA CHART
OPEN: 3386
HIGH: 3417
LOW: 3380
CLOSE: 3404

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

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