Daily Agri Report by www.epicresearch.co 18 August 2012
HEADLINES
Cardamom futures fall 1.72 pc on higher
supply:
Cardamom prices fell by Rs 20.50 to Rs 1,169.30 per kg
in futures trading today largely due to sluggish demand
in spot markets. At the Multi Commodity Exchange,
cardamom for delivery in September fell by Rs 20.50,
or 1.72 per cent, to Rs 1,169.30 per kg, with a business
turnover of 381 lots.
Pepper futures rise on spot demand:
Pepper prices recovered by Rs 130 to Rs 42,900 per quintal in futures trade today as speculators created fresh positions largely in tandem with a surge in the spot demand amid tight supplies from producing belts.At the National Commodity and Derivatives Exchange, pepper for delivery in October rose by Rs 130, or 0.30 per cent, to Rs 42,900 per quintal, with an open interest of 1,376 lots.
Trading tip:
Buy Chana above
4990 for targets of
5040/5090
Stop loss 4925
Previous Performance
Buy Chana above
4990 for targets of
5040/5090
Stop loss 4925
DAILY SOYABEAN ANALYSIS:
OPEN: 3985
HIGH: 4010
LOW: 3955
CLOSE: 3962
SOYABEAN LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS.
DAILY CHANA ANALYSIS:
OPEN: 4988
HIGH: 5010
LOW: 4930
CLOSE: 4934
CHANA LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS
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