Daily Agri Report by www.epicresearch.co - 25th MARCH 2013
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Turmeric prices moved down by 2.18 per cent to Rs 6,722 per quintal in futures trade. However, speculation of lower output estimates and firm spot demand, limited the fall. At the National Commodity and Derivatives Exchange, turmeric for delivery in April declined by Rs 150, or 2.18 per cent, to Rs 6,722 per quintal, with an open interest of 20,485 lots.
Chana likely to witness steady tone in coming days
Epic Research has come out with its report on agri commodities. According to the research firm, Chana prices are likely to witness steady tone in coming days. Chana open up and later dwindle through profit booking. At Delhi market, Rajasthan and MP line chana stayed steady at Rs 3,500 a quintal.
TRADING TIP :
Sell Mentha Oil Mar
Below 1125.40
TGTS- 1115/1100
SL-1135.50
Sell Chana Apr
Below 3390
TGTS- 3360/3320
SL-3430
ANALYSIS
DAILY SOYABEAN CHART
OPEN: 3599
HIGH: 3646
LOW: 3590
CLOSE: 3630
* SOYABEAN LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: BUY ON DIPS
DAILY CHANA CHART
OPEN: 3438
HIGH: 3438
LOW: 3380
CLOSE: 3382
* CHANA LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE
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