Daily Agri Report by www.epicresearch.co 22 August 2012
Cardamom tumbles 4 pc on profit taking:
Cardamom hit lower circuit with prices falling by 4 per cent in futures trade today after speculators indulged in booking profits amid subdued demand in the spot market. t the Multi Commodity Exchange counter, cardamom for October plunged by Rs 44.70, or four per cent, to hit lower circuit at Rs 1,072.80 per kg, with a business turnover of 549 lots
Sugar futures fall on govt measures, subdued spot demand:
Sugar futures today fell by Rs 27 to Rs 3,447 per quintal as speculators trimmed positions on increased supplies in the physical market following the government's measures to check the sweetener's price.At the National Commodity and Derivatives Exchange, sugar for delivery in September traded lower by Rs 27, or 0.78 per cent, to Rs 3,447 per quintal, with an open interest of 41,770 lots.
ANALYSIS
DAILY SOYABEAN
OPEN: 3985
HIGH: 4004
LOW: 3925
CLOSE: 3937
SOYABEAN LOOKS SIDEWAYS
TREND: CONSOLIDATED
STRATEGY: BUY ON DIPS.
DAILY CHANA
OPEN: 4935
HIGH: 4960
LOW: 4914
CLOSE: 4940
CHANA LOOKS DOWNWARDS
TREND: BEARISH
STRATEGY: SELL ON RISE
TRADING TIP :
Sell Jeera below 15750 for target 15600/15450 SL 15950
PREVIOUSL:
Performance Buy Chana above 4990 for targets of 5040/5090 Stop loss 4925 SL hit
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