Daily Agri Report by www.epicresearch.co - 01 February 2013

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indore, India (prHWY.com) February 1, 2013 - Chana steady as weather offsets supplies.
Chana futures were steady on as concerns over yields in north India due to cold weather outweighed rising supplies from thenew season crop in the South. The most-active chana contract for April delivery on the National Commodity and Derivatives Exchange was down 0.11 per cent at Rs 3,536 per 100 kg..
Chilli, turmeric prices rise on buying support
Red chilli and turmeric prices rose by Rs 100 per quintal in the national capital today on fresh buying by retailers and stockists amid low stocks. Fall in supplies from producing belts also supported the upside in prices. Red chilli and turmeric prices rose by Rs 100 each to settle at Rs 6,600-11,600 and Rs 6,400-9,700 per quintal, respectively.
TRADING TIP :
Buy RMSeed Apr
* Above 3460
* TGTS- 3490/3530
* SL- 3420

Sell Castorseed Feb
* Below 3480
* TGTS-3450/3420
* SL-3510
ANALYSIS
DAILY SOYABEAN CHART
OPEN: 3296
HIGH: 3313
LOW: 3277
* SOYABEAN LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
DAILY CHANA CHART
OPEN: 3540
HIGH: 3560
LOW: 3529
CLOSE: 3543
* CHANA LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: BUY ON DIPS
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