Daily Agri Report By www.epicresearch.co -23 AUGUST 2012

Daily Agri Report by www.epicresearch.co - 23 August 2012 * Pepper futures down 1 pc on sluggish export, spot demand Pepper prices declined by 0.86 per cent to Rs 41,600 per quintal in futures trade today as

indore, India (prHWY.com) August 23, 2012 - Daily Agri Report by www.epicresearch.co - 23 August 2012
* Pepper futures down 1 pc on sluggish export, spot demand
Pepper prices declined by 0.86 per cent to Rs 41,600 per quintal in futures trade today as speculators indulged in trimming their positions amid sluggish delivery in August fell by Rs 360, or 0.86 per cent, to Rs 41,600 per quintal, with an open interest of 5,182 Lots
* Jeera futures down on improved rains, higher Supply
Jeera futures prices fell sharply by over 2 per cent to Rs 15,887.50 per quintal today after participants reduced positions on increased supplies in spot markets following improved rains in the top producing region. At the National Commodity and Derivatives Exchange, jeera for delivery in October fell by Rs 340, or 2.10 per cent, to 15,887.50 per quintal, with an open interest of 14,218 lots.
ANALYSIS
DAILY SOYABEAN
* OPEN: 4026
* HIGH: 4074
* LOW: 3992
* CLOSE: 4000
* SOYABEAN LOOKS SIDEWAYS
* TREND: CONSOLIDATED
* STRATEGY: BUY ON DIPS.
DAILY CHANA
* OPEN: 4771
* HIGH: 4820
* LOW: 4692
* CLOSE: 4751
* CHANA LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
TRADING TIP :
* Sell Mentha Oil
* below 1320 for
* target 1310/1300
* SL 1335
PREVIOUSL:
* Sell Jeera below
* 15750 for target
* 15600/15450
* SL 15950
* Target Achieved

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