Daily Agri Report By www.epicresearch.co - 16 August 2012

Daily Agri Report by www.epicresearch.co - 16 August 2012 HEADLINES * Red chilli down Rs 200-300 in spot: Red chilli offered down Rs 200-300 a quintal at Guntur market of Andhra Pradesh on Tuesday. Moreover

INDORE, India (prHWY.com) August 16, 2012 - Daily Agri Report by www.epicresearch.co - 16 August 2012

HEADLINES
* Red chilli down Rs 200-300 in spot:

Red chilli offered down Rs 200-300 a quintal at Guntur
market of Andhra Pradesh on Tuesday. Moreover, red
chilli futures also traded down on profit taking. Cold
storage red chilli arrival reported around 40,000 bags
(per bags 40 kg). Red cilli quoted down on rains in red
chilli producing areas.

* Mentha oil gains Rs 15-25 in spot:

Mentha oil offered up Rs 15-25 a kg in different spot
markets on Tuesday. Moreover, mentha oil futures also
traded slightly up on buying support. Mentha oil arrival
reported around 650 drums in different spot markets.
In Rampur, mentha oil (68 GLC) quoted at Rs 1,500
per kg, in Chandausi Rs 1,525 per kg, in Sambhal at Rs
1,525 a kg, in Barabanki at Rs 1,445 a kg.

Trading tip:

Sell Jeera Sep. below
16100 for target
16000/15850
Stop Loss 16250

* Previous Performance

Sell Chana below
4870 for target
4840/4810
Stop Loss 4910
Target achieved

DAILY SOYABEAN ANALYSIS:

OPEN: 3911
HIGH: 3984
LOW: 3879
CLOSE: 3964
SOYABEAN LOOKS SIDEWAYS
TREND: CONSOLIDATE
STRATEGY: SELL ON RISE.

DAILY CHANA ANALYSIS:

OPEN: 4904
HIGH: 4910
LOW: 4893
CLOSE: 4899
CHANA LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS
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Categories: Finance

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