Daily agri report 11-april-2014 by epic research
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Daily agri report 11-april-2014 by epic research Presentation Transcript

  • 1. DAILY AGRI REPORT 11-APR-2014
  • 2. NCDEX DAILY Newsletter 4 AGRI COMMODITY DAILY WRAP UP…..!!!! TURMERIC FUTURE India exported 50500 tonnes of turmeric for Rs.408.28 crore during April-November 2013, up 11 percent and 41 percent respectively in volume and value of exports over the same period last year. The Nizamabad market remained closed from Mar 28 to Apr 2 for the financial year end. CARDAMOM FUTURE Cardamom futures may trade with a positive bias on firm overseas demand . Meanwhile, strong arrivals likely to limit sharp rise in prices.As per market source,the Spices Board of India has allowed cardamom producers to sell their produce directly to dealers licensed by the Board. CHANA FUTURE Chana futures are expected to trade on a negative note today. Good sowing reports from MP, UP and Rajasthan amidst high stocks, rise in imports and fall in demand have pressurized Chana rates for last few months. As per ministry of Agriculture reports, sown area for Rabi Pulses is projected at a record high 16.2 million. Significant improvement in yield to move above 900kg/ha was also possible due to conducive weather. JEERA FUTURE Jeera futures are expected to trade lower due to selling pressure as arrivals of the new crop are rising sharply in spot markets. The off take is likely to remain limited due to expectation of high output on significant rise in sowing. However, expectations of pick up in export may limit sharp fall in prices. As per the latest data by Gujarat Agriculture Board, total acreage of jeera in the state has been increased by 1.05 lakh hectares from the last year to 4.54 lakh hectares. Traders estimated that total production of jeera is likely to increase by 10 lakh bags to around 46 lakh bags in the current year. 2 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 3. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level. RSI is in mid range, Expecting from here onwards profit booking will continue in upcomming trading session. Immediate support @ 9370 & Immediate resistance @ 9450. R1-9665 R2-9925 S1-9265 S2-9125 TRADING STRATEGY: BUY DHANIYAAPR ABOVE 9450 TGTS 9480,9530 SL 9400 SELL DHANIYAAPR BELOW 9370 TGTS 9340,9290 SL 9420 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 4. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART Guarseed apr short term trend looking sideways to bearish in daily chart.Expecting from here onwards guarseed may go down Momentum indicators RSI is below mid range, signs bearishness In intraday basis immediate support @ 4510 & immediate resistance @ 4560. R1-4548 R2-4572 S1-4503 S2-4482 ITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED APR ABOVE 4560 TGTS 4590,4640 SL 4510 SELL GUARSEED APR BELOW 4510 TGTS 4480,4430 SL 4560ER 4 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 5. NCDEX DAILY Newsletter 4 DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. 5 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 6. NCDEX DAILY Newsletter 4 CONTACT US: WWW.EPICRESEARCH.CO Epic Research Private Limited Corporate Office 411 Milinda Manor (Suites 409 - 417) 2 RNT MargOpp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 / 2427 / 2230 +91 97521 99966 Or give us a missed call at 026 5309 0639 6 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300