Daily Agri Report by www.epicresearch.co - 6th March 2013

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indore, India (prHWY.com) March 6, 2013 -  HEADLINES
Chana remains weak on subdued local demand.
Chana prices fell by Rs 28 to Rs 3,313 per quintal in futures market on rising supplies and expectations of higher in output against subdued local demand. Marketmen said supplies from the new crop have start arriving from Andhra Pradesh, Karnataka, Maharashtra and Madhya Pradesh mainly influenced the trading sentiment. They said expectations of higher output this season against restricted buying further influenced the prices.
Chilli, turmeric up on fresh buying support
Red chilli and turmeric prices rose by Rs 100 per quintal here on 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 6,000-11,200 and Rs 6,200-10,100 per quintal, respectively.
TRADING TIP :

Buy Soy Refined Oil Apr

Around 681
TGTS- 684/688
SL-679

Buy Dhaniya Apr

Above 6443
TGTS-6480/6520
SL-6410



ANALYSIS

DAILY SOYABEAN CHART

OPEN: 3285
HIGH: 3390
LOW: 3285
CLOSE: 3390
* SOYABEAN LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DIPS
DAILY CHANA
OPEN: 3308
HIGH: 3323
LOW: 3286
CLOSE: 3313

* CHANA LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE
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