Daily Agri Report by www.epicresearch.co - 4th MARCH 2013
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Chana seen bearish on rising arrivals.
Slack demand and weak futures pulled down chana prices in local mandis by Rs 100 to Rs 3,300-3,350 a quintal, Besides weak futures and slack demand, rise in arrival of new chana on account of improvement in weather condition, also pounded its prices. Bearish sentiment in chana will likely to continue in near future as arrival expected to rise further in the coming days. Besides bumper yield this year, arrival of imported chana from Australia and Tanzania and large carry-over stocks will also add to the bearish sentiment.
New upcountry orders, quality boost turmeric
Spot turmeric prices increased on arrival of quality produce and exporters received new orders from North India. Exporters quoted higher prices as they have received fresh orders from North India. They quoted Rs 300 a quintal more for the fine variety. Upcountry orders have led to brisk buying and more orders are expected.
 TRADING TIP :
Sell Jeera Apr
Below 12890
TGTS- 12750/15650
SL-12990
Sell Castorssed Apr
Below 3770
TGTS-3740/3700
SL-3800
ANALYSIS
 DAILY SOYABEAN CHART
OPEN: 3290
HIGH: 3329
LOW: 3287
CLOSE: 3311
* SOYABEAN LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE
 DAILY CHANA CHART
ANALYSIS
OPEN: 3369
HIGH: 3371
LOW: 3335
CLOSE: 3342
* CHANA LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE
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