DAILY AGRI REPORT BY EPIC RESEARCH- 22 DECEMBER 2012

HEADLINES Chana falls on higher output expectations. Indian chana futures fell due to expectations of higher output from a likely increase in the area under cultivation while the likelihood

Indore, India (prHWY.com) December 22, 2012 - Daily Agri Report by www.epicresearch.co - 22 December 2012

HEADLINES
Chana falls on higher output expectations.
Indian chana futures fell due to expectations of higher output
from a likely increase in the area under cultivation while the
likelihood of higher imports also weighed. The most-active
chana contract for January delivery on the National
Commodity and Derivatives Exchange was down 0.89 percent
per 100 kg as of 0834 GMT. Chana sowing is progressing well

and weather conditions are so far supportive.

Jeera futures decline 0.64% on profit booking
Jeera prices fell by 0.64 per cent per quintal in futures trade as
speculators preferred to book profits at prevailing higher
levels. However, some overseas enquiries capped the losses.
At the National Commodity and Derivatives Exchange, jeera
for delivery in March month declined by Rs 102.50, or 0.64 per
cent per quintal with an open interest of 13,539 lots.
Trading tip:
Sell Turmeric Mar
Below 6400
TGTS-6360/6320
SL- 6442
Sell Chana Jan

Below 4015

TGTS-3985/3950
SL-4050
DAILY SOYABEAN ANALYSIS:

OPEN: 3300
HIGH: 3344
LOW: 3270
CLOSE: 3286
SOYABEAN LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
DAILY CHANA ANALYSIS:

OPEN: 4061
HIGH: 4080
LOW: 4009
CLOSE: 4020
CHANA LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
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