Daily Agri Report by www.epicresearch.co - 14 FEBURARY 2013

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indore, India (prHWY.com) February 13, 2013 - Turmeric futures remain up on lower output hopes.
Turmeric prices rose for the second day by gaining Rs 86 per quintal in futures trading as speculators enlarged their positions, triggered by reports of lower output this season. At the National Commodity and Derivatives Exchange, turmeric for delivery in April gained Rs 86, or 1.38 per cent per quintal with an open interest of 27655 lots.
Pepper moves up on buying support .
The pepper market continued to head north on good buying interest amid limited supply. All the active contracts closed much above the previous day's closing. Sellers were buying back their positions as spot is ruling above the futures. Some were buying back March, while investors were opting to buy April and May as the arrivals of fresh pepper were not picking up as anticipated. In fact, these factors aided the price rise on the futures market.

TRADING TIP :
Sell Turmeric Apr
Below 6280
TGTS- 6240/6180
SL- 6320
Buy Mentha Oil Feb
Above 1389.40
TGTS-1399/1410
SL-1380
ANALYSIS
DAILY SOYABEAN
OPEN: 3172
HIGH: 3184
LOW: 3159
CLOSE: 3168
SOYABEAN LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
DAILY CHANA
ANALYSIS
OPEN: 3429
HIGH: 3457
LOW: 3422
CLOSE: 3455
CHANA LOOKS SIDEWAYS
TREND: CONSOLIDATE
STRATEGY: BUY ON DIPS

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