Daily Agri Report By www.epicresearch.co - 13 December 2012

HEADLINES India chana falls on higher sowing hopes, weak demand

Indore, India (prHWY.com) December 13, 2012 - Daily Agri Report by www.epicresearch.co - 13 December 2012

HEADLINES
India chana falls on higher sowing hopes, weak
demand
Indian chana futures fell on Wednesday on expectations of
higher output from a likely rise in the area under cultivation
while increased supply of imported pulses also weighed on
sentiment. The most-active chana contract for January
delivery on the National Commodity and Derivatives Exchange
was down 0.57 per cent at Rs 3,977 per 100 kg at 0640 GMT.
"Imports in the fiscal year 2012/13 are likely to be higher than
a year earlier because of a shortfall in the summer sown pulses
output. Chana is a winter crop and it's sowing, which is in
progress, depends on soil moisture. Sowing is lagging behind in
some areas due to delayed harvesting of the summer crop, but
the overall area is expected to exceed last year's, helped by
attractive prices
Trading tip:
Buy Soyabean Jan
Above 3315
TGTS-3320/3320
SL- 3310
DAILY SOYABEAN ANALYSIS:

OPEN: 3315
HIGH: 3340
LOW: 3285
CLOSE: 3315
SOYABEAN LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
DAILY CHANA ANALYSIS:

OPEN: 3981
HIGH: 3995
LOW: 3954
CLOSE: 3966
CHANA LOOKS SIDEWAYS
TREND: CONSOLIDATE
STRATEGY: SELL ON RISE
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