Daily Agri Report By www.epicresearch.co - 21 November 2012

HEADLINES Chana imports may rise as sowing declines. Chana or chick pea taking a hit due to erratic weather conditions, traders expect import to rise sharply in the next two months. Increas

Indore, India (prHWY.com) November 21, 2012 - Daily Agri Report by www.epicresearch.co - 21 NOVEMBER 2012

HEADLINES
Chana imports may rise as sowing declines.
Chana or chick pea taking a hit due to erratic weather
conditions, traders expect import to rise sharply in the next
two months. Increased availability due to imports is likely to
pull down chana prices by around 10-15 per cent by February
next year from its current levels. Chana prices have already hit
a high of Rs 4800 to Rs 5000 per quintal in August to October
period. We expect about 500,000 tonnes of chana imports this
fiscal. This will improve the availability and will soften the
prices.



Jeera futures decline 0.34 pc on sluggish demand.

Jeera prices declined by Rs 50 per quintal in futures trading
today as traders reduced their positions, tracking a weak trend
at spot market on sluggish demand.

Trading tip:

Sell Dhaniya Dec
Below 5005
TGTS-4965/4915
SL- 5047
Previous Performance

Sell RMSeed Dec
TGTS-4170/4120
SL-4241
Below 4210
DAILY SOYABEAN ANALYSIS:

OPEN: 3289
HIGH: 3297
LOW: 3264
CLOSE: 3267
SOYABEAN LOOKS SIDEWAYS
TREND: CONSOLIDATE
STRATEGY: SELL ON RISE
DAILY CHANA ANALYSIS:

OPEN: 4381
HIGH: 4381
LOW: 4303
CLOSE: 4324
CHANA LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
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