Daily Agri Report By www.epicresearch.co - 29 December 2012

HEADLINES Chana falls on sowing hopes. Chana futures fell, weighed by likelihood of higher imports and hopes of higher output from an expected increase in acreage. India's efforts to enc

Indore, India (prHWY.com) December 29, 2012 - Daily Agri Report by www.epicresearch.co - 29 December 2012

HEADLINES
Chana falls on sowing hopes.


Chana futures fell, weighed by likelihood of higher imports and
hopes of higher output from an expected increase in acreage.
India's efforts to encourage farmers to plant pulses, used in
staple dishes like dal, will still leave output short of demand in
the year to March 2013, a poll of importers and traders
showed, pushing imports up 7 per cent and adding to inflation

Jeera futures rise 1.16 pc on pick up in demand

Jeera prices rose sharply by 1.16 percent per quintal in futures
Below 6620 rising demand in domestic spot markets. However, ongoing
market as speculators built-up huge positions on the back of
sowing operations in the leading cultivating states, capped the
gains. At the National Commodity and Derivatives Exchange,
jeera for delivery in April rose by Rs 172.50, or 1.16 per cent
per quintal with an open interest of 2,721 lots.

Trading tip:
Buy Turmeric Apr

Below 6620

TGTS-6640/6670

SL- 6600


Sell Dhaniya Jan

Below 5160

TGTS-5140/5120

SL-5182

DAILY SOYABEAN ANALYSIS:

OPEN: 3225
HIGH: 3263
LOW: 3225
CLOSE: 3239
SOYABEAN LOOKS SIDEWAYS
TREND: CONSOLIDATE
STRATEGY: BUY ON DIPS

DAILY CHANA ANALYSIS:

OPEN: 3915
HIGH: 3919
LOW: 3822
CLOSE: 3828
CHANA LOOKS SIDEWAYS
TREND: CONSOLIDATE
STRATEGY: SELL ON RISE

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