Daily agri report 27 june 2014 by epic research


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Daily agri report 27 june 2014 by epic research

  1. 1. DAILY AGRI REPORT 27-Jun-2014
  2. 2. NCDEX DAILY Newsletter 4 AGRI COMMODITY DAILY WRAP UP…..!!!! TURMERIC FUTURE Turmeric prices also followed the bearish sentiments with poor demand in the physical markets coupled with news of monsoon advancement in the turmeric growing areas. Some demand is likely to come in for all grades at lower levels as stockiest are likely to hoard and sale when exporters move into the market. Monsoon did move in the coastal belt of Kerala, however, showers are likely to be seen during next week in the peninsular India. JEERA FUTURE Jeera prices could not sustain the highs as supplies improved amid timid demand from exporters. The Dollar/Re movement would be important for the export realizations. A steady Dollar will support the prices with higher exports getting noted. Good quality arrivals have ensured Jeera rates are fetching a premium w.r.t. International markets. Low stocks in global trade and political unrest in Turkey and Syria have pushed the export demand to Indian shores. GUARSEED FUTURE Guarseed on Thursday ended southward on slow trade activities and good weather ahead. The guar crop requires very limited water for production and due to low maintenance and good returns the acreage is on the rise in irrigated parts of Rajasthan. Guar is the most volatile commodity as there is a high percentage of speculation based on rains, however, the requirement for the crop is very nominal. SOYABEAN FUTURE Soybean continued the southwards push on weak demand from buyers. Sowing progress have increased in last two days across the western parts of the country. U.S. corn and soybean futures rose for the second straight session on Thursday, supported by concerns that heavy rains in some growing areas of the United States may have caused damage to developing crops. 2 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  3. 3. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART Dhaniya july daily chart trend is bullish, Momentum Indicator RSI is in overbought zone, expecting price may go up Immediate support @ 10500 & Immediate resistance @ 10630. R1-9629 R2-10726 PP-10578 S1-10503 S2-10430 TRADING STRATEGY: BUY DHANIYA JUL ABOVE 10630 TGTS 10660,10710 SL 10580 SELL DHANIYA JUL BELOW 10500 TGTS 10470,10420 SL 10550 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  4. 4. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART Guarseed daily chart, Price bounce from support level, expecting from here onwards guarseed price may go UP Momentum indicators RSI is above mid range. In intraday basis immediate support @ 5550 & immediate resistance @ 5680. R1-5375 R2-5778 PP-5638 S1-5567 S2-5498 ITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED JUL ABOVE 5680 TGTS 5710,5760 SL 5630 SELL GUARSEED JUL BELOW 5550 TGTS 5520,5470 SL 5600R 4 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  5. 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. 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