Daily Agri Report By www.epicresearch.co - 31 August 2012

HEADLINES * Wheat gains 0.78 per cent in futures trade Wheat prices recovered by 0.78 per cent to Rs 1,551 per quintal today after yesterday's losses as speculators created fresh positions

INDORE, India (prHWY.com) August 31, 2012 - Daily Agri Report by www.epicresearch.co - 31 August 2012

HEADLINES
* Wheat gains 0.78 per cent in futures trade
Wheat prices recovered by 0.78 per cent to Rs 1,551 per
quintal today after yesterday's losses as speculators
created fresh positions.
At the National Commodity and Derivatives Exchange,
wheat for delivery in October moved up by Rs 12, or
0.78 per cent, to Rs 1,551 per quintal, with an open
interest of 19,730 lots

* Mentha oil up in futures trade on industrial
demand
Mentha oil prices traded higher by 0.10 per cent to Rs
1,341.10 per kg in futures trade today as speculators
enlarged positions, tracking a firm spot market trend
following pick up in industrial demand.
Trading tip:

* Buy Turmeric above
* 6200 for target
* 6260/6350
* SL 6120
* Previous Performance

* Performance
* Buy Soybean (Oct)
* above 4050 for
* target 4080/4120
* SL 4017
* SL Triggered
DAILY SOYABEAN ANALYSIS:

* OPEN: 4045
* HIGH: 4065
* LOW: 4016
* CLOSE: 4023
* SOYABEAN LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
DAILY CHANA ANALYSIS:

* OPEN: 4724
* HIGH: 4744
* LOW: 4693
* CLOSE: 4703
* CHANA LOOKS UPWARDS
* TREND: BULLISH
* STRATEGY: BUY ON DIPS
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