Daily Agri Report by www.epicresearch.co 31 August 2012
HEADLINES
Wheat gains 0.78 per cent in futures trade
Wheat prices recovered by 0.78 per cent to Rs 1,551 per
quintal today after yesterday's losses as speculators
created fresh positions.
At the National Commodity and Derivatives Exchange,
wheat for delivery in October moved up by Rs 12, or
0.78 per cent, to Rs 1,551 per quintal, with an open
interest of 19,730 lots
Mentha oil up in futures trade on industrial
demand
Mentha oil prices traded higher by 0.10 per cent to Rs
1,341.10 per kg in futures trade today as speculators
enlarged positions, tracking a firm spot market trend
following pick up in industrial demand.
Trading tip:
Buy Turmeric above
6200 for target
6260/6350
SL 6120
Previous Performance
Performance
Buy Soybean (Oct)
above 4050 for
target 4080/4120
SL 4017
SL Triggered
DAILY SOYABEAN ANALYSIS:
OPEN: 4045
HIGH: 4065
LOW: 4016
CLOSE: 4023
SOYABEAN LOOKS DOWNWARDS
TREND: BEARISH
STRATEGY: SELL ON RISE
DAILY CHANA ANALYSIS:
OPEN: 4724
HIGH: 4744
LOW: 4693
CLOSE: 4703
CHANA LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS
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