NCDEX Market is an other market exchange for commodity trading of Indian government where a trader can buy or sell Agriculture commodities mainly.

1. DAILY AGRI REPORT
16-Jul-2014

2. NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
CHANA FUTURE
Chana futures may trade on a mixed note. Prices may recover from lower levels extending previous day’s gains on short
coverings coupled with value buying and lower kharif pulses sowing till date. However, fears of tightening of stock limits,
revival of monsoon and expectations of improvement in sowing of kharif pulses may cap the upside and pressurize prices
at higher levels.
SOYABEAN FUTURE
Soybean futures are expected to trade on a negative note. A pickup in the sowing activities coupled with weak overseas
markets and soy meal exports may pressurize prices. However, lower sowing till date coupled with below normal
rains,tight supplies and lower availability of seeds for sowing may support prices at lower levels.
CORIANDER FUTURE
Coriander futures are expected to trade higher on concerns over crop output in major producers Bulgaria and Romania
due to unfavorable weather. Projected decline in coriander production in India compared to last year too pushed up
coriander prices. The Forward Markets Commission has approved modification of basis quote to exclude sales tax and
value-added tax (VAT) from coriander futures on the National Commodity and Derivatives Exchange.
SUGAR FUTURE
Sugar futures are expected to trade on a mixed to negative note. Weak demand, higher supplies and lack of fresh export
orders may keep prices under downside pressure. However, Incentive announced by the government and below normal
rains may support prices at lower levels.
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3. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
Dhaniya Aug chart trend is bullish, Momentum Indicator RSI is above mid range, expecting price may go up
Immediate support @ 11870 & Immediate resistance @ 12000.
R1-9629 R2-11447 PP-11317 S1-11273 S2-11187
TRADING STRATEGY:
BUY DHANIYA AUG ABOVE 12000 TGTS 12030,12080 SL 11950
SELL DHANIYA AUG BELOW 11870 TGTS 11840,11790 SL 11920
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4. NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
In Guarseed chart, Price is in support level, expecting from here onwards guarseed price may go Down
Momentum indicators RSI is below mid range. In intraday basis immediate support @ 5645 & immediate resistance @ 5740.
R1-5375 R2-5857 PP-5642 S1-5548 S2-5427
TRADING STRATEGY:
BUY GUARSEED AUG ABOVE 5740 TGTS 5770,5820 SL 5690
SELL GUARSEED AUG BELOW 5645 TGTS 5615,5565 SL 5695
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5. NCDEX DAILY Newsletter 4
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6. NCDEX DAILY Newsletter 4
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