Daily agri report by epic research 03 sep 2014


Published on

Our company gives and suggest best opportunities to our existing and new clients.As we are constantly progressing, we use to wider our span to help more.

Published in: Business
1 Like
  • Be the first to comment

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Daily agri report by epic research 03 sep 2014

  1. 1. YOUR MINTVISORY Call us at +91-731-6642300 DAILY AGRI COMMODITY REPORT 03 SEPTEMBER 2014 Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to Info@epicresearch.co
  2. 2. YOUR MINTVISORY Call us at +91-731-6642300 DAILY WRAP UP MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL DHANIYA OCT 12045 12110 11930 11946 -0.93 35220 6450 INTRA- DAY LEVELS SUPPORT SUPP. 1 11881 SUPP. 2 11815 PIVOT 11995 Dhaniya long term trend is down, and furthermore down is expected in com- ing days. RESIS- TANCE RES. 1 12061 RES. 2 12175 MONTH OPEN HIGH LOW CLOSE % CHANGE OI (in lots) VOL CASTORSEED OCT 4065 4203 4034 4101 +0.12 141450 110370 INTRA- DAY LEVELS SUP- PORT SUPP. 1 4029 SUPP. 2 3956 PIVOT 4106 Castorseed Short term trend is down. Price expected to go down in coming days. RESIS- TANCE RES. 1 4179 RES. 2 4256 TURMERIC OCT 6642 6708 6606 6630 -0.03 6060 1790 INTRA- DAY LEVELS SUPPORT SUPP. 1 6587 SUPP. 2 6547 PIVOT 6647 Turmeric price is in down trend and may continue in upcoming days. RESIS- TANCE RES. 1 6687 RES. 2 6747 GUARGUM OCT 15400 15800 15330 15720 +0.58 10050 8991 INTRA- DAY LEV- ELS SUP- PORT SUPP. 1 15447 SUPP. 2 15173 PIVOT 15603 Guargum Short term trend is down, Expecting price may go down in coming days. RESIS- TANCE RES. 1 15877 RES. 2 16033
  3. 3. YOUR MINTVISORY Call us at +91-731-6642300 NCDEX INDICES FUNDAMENTAL AND MANDI REPORT Index Value Pre. Close % Change CASTORSEED 4049 4032 0.42 CHANA 2840 2860 -1.61 CORIANDER 11682 11801 -1.01 COTTON SEED 1689 1669 1.20 JEERA 10890 11055 -1.49 MUSTARD SEED 3542 3535 0.20 SOYABEAN 3231 3270 -1.90 TURMERIC 6470 6496 0.40 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CHANA 19-09-2014 2811.00 -49.00 -1.71% JEERA 19-09-2014 10905.00 -150.00 -1.36% SOYABEAN 20-10-2014 3229.00 -41.00 -1.25% CORIANDER 19-09-2014 11695.00 -106.00 -0.90% GUR 19-09-2014 1115.00 -3.00 -0.27% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % COTTON SEED OIL CAKE AKOLA 19-09-2014 1688.00 19.00 1.14% BARLEY 19-09-2014 1488.00 11.00 0.74% REFINED SOY OIL 19-09-2014 604.75 3.80 0.63% CASTOR SEED NEW 19-09-2014 4041.00 9.00 0.22% TURMERIC 19-09-2014 6500.00 4.00 0.06%
  4. 4. YOUR MINTVISORY Call us at +91-731-6642300 COMMODITIES IN NEWS ECONOMIC NEWS Indian cotton mills are likely to get affected badly on China’s decision to raise spending on farm subsidies by 10 per cent. Following this decision, yarn production in China will enhance as it will provide cheaper cotton to the spin- ning mills in the country. It should be noted that China is the largest importer of cotton yarn and export destination for around 50% of overall export of cotton from India The International Grains Council raised to a 27-year high its forecast for world corn inventories, citing improved hopes for crops in Brazil, Europe and Ukraine, as it hiked again its estimate for grain supplies. The estimate, which takes the IGC's figure above the USDA forecast for a 15-year top in world inventories, reflected an improved forecast for global production, upgraded by 4m tonnes to 9763mtonnes Pakistan is becoming a major importer of dry coconuts, or copra, from India with flow from Sri Lanka dwindling. De- spite prices doubling this year, purchase of copra by the neighboring country is robust, say traders and exporters of coconut oil and copra. From 2011 to 2013, copra exports to Pakistan from India have doubled to nearly 21,000 tonne. Though the statistics for 2014 aren't available yet, there is only a marginal difference this year, according to Coconut Development Board. Barley prices improved by Rs 18 to Rs 1,495 per quintal in futures trading as speculators enlarged positions, tracking low-level buying in spot markets. Be- sides emergence of low-level demand in the spot markets, restricted supplies from growing regions, mainly supported the uptrend in future markets. Castor seed cash and futures continued to trade lower even on Tuesday and more dip is expected in the days ahead. Slackness in demand, higher area cov- erage and good crop condition at this point of time weigh on market funda- mentals. Bears operators are active in futures. There is no support for any up- trend currently. Area coverage till 30th August has been registered at 7.98 lakh ha., higher than last year (5.90 lakh ha.) till date . Chana prices fell 1.61 per quintal in futures trade today after speculators trimmed positions, triggered by increased supplies from producing regions in the spot markets. At the National Commodity and Derivative Exchange, Mar- ket analysts attributed the fall in chana futures to increased supplies from pro- ducing regions in the physical market against subdued demand from dal mills Coriander prices adequate stocks availability in the physical market put pres- sure on coriander prices. Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market.
  5. 5. YOUR MINTVISORY Call us at +91-731-6642300 FUNDAMENTAL AND MANDI REPORT Sugar National Market Report Market sentiments traded between firmer to normal zone with price trending up for Monday. Tenders are invited by KAITHAL CO-OPERATIVE SUGAR MILLS LIMITED for sugar handling contract for crushing season 2014-15. Opening date for tenders has been fixed at 10th Sep, 2014. In an attempt to increase sugar pro- duction in Thailand, govt. is planning to expand the area under cane cultivation by allocating more state-owned land towards the crop and suggesting a crop switch to the farmers. The plan is also expected to boost sugar production by ap- proximately 1 million tons for cropping season 2015-16. Three new variety sugar- cane seed Co0403, Co06027, and Co06030 had been developed by the Sugarcane Breeding Institute Coimbatore to enhance cane productivity in the area. Gur prices witness artificial firmness at present and likely move down in the coming days due to good stock availability in the Maharashtra markets. It is notable that cane has diverted more towards gur production in Pune and Sangli area this year. In addition to it, market participants is expecting early arrivals of gur for the next marketing year which drive the prices southwards in the medium term. International Update Brazilian cane production estimate for center-south region declined 6% from 580 million tons to 546 million tons for 2014-15. Fluctuating weather condition coupled with lengthening of intra-harvest period could be cited responsible for The change in estimation. Total around 604000 bags of gur stored in cold storages till 25th August 2014 lower compared to 649000 bags at same period last year. Gur prices witness artificial firmness at present and likely move down in the coming days due to good tock availability in the Maharashtra markets..Sugar prices are trading up due to strong market demand outlook in the country. In addition, upcoming fes- tive demand is also likely to increase sugar prices in the medium term as ex- pected. It is notable that cane has diverted more towards gur production in Pune and Sangli area this year. MARKET 20-Aug-14 19-Aug-14 MADHYA PRADESH 22000 20000 MAHARASTRA 3000 8000 STOCK POSITION AT NCDEX WAREHOUSES CENTER 02-Sep-14 01-Sep-14 %Change DELHI 3240 3225 15 DHAMPUR 3220 3220 UNCH MUMBAI 3200 3340 -140 KOLHAPUR 3025 NA - VIJAYWADA 3540 3540 UNCH NAGPUR 3350 3350 UNCH
  6. 6. YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY NAME LOCATION PRICE Bajra Jaipur 1250 Barley Jaipur 1503.4 Castor Seed Disa 4103.1 Castor Seed 1 MT Disa 4103.1 Chana Bikaner 2782.5 Chana 1 MT Delhi 2950 Chilli Guntur 7469.2 Chilli Teja Khammam 10400 Copper Cathode Mumbai 418.9 Coriander Kota 11215.85 Gur Muzaffar Nagar 1129.3 Jeera Unjha 11048.45 COMMODITY NAME LOCATION PRICE Maize - Feed/Industrial Grade Delhi 1220 Mustardseed Jaipur 3657.25 Mustardseed Alwar 3648.65 Pepper Kochi 71700 Polyvinyl Chloride Mumbai 73000 RBD Palm Olein Kakinada 500.75 RBD Palmolein Kandla 490 Ref Soya Oil Nagpur 620 Ref Soya Oil Indore 616.65 Ref Soya Oil Mumbai 611.65 RUBBER_NEW Kochi 12755 Soy Bean Kota 3715.8 SPOT QUOTES
  7. 7. YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS BUY DHANIYA (OCT) ABOVE 11980 TGT 12010-12060 SL 11930 SELL GUARGUM (OCT ) BELOW 15560 TGT 15510-15410 SL 15650 SELL CASTORSEED (OCT) BELOW 4030 TGT 4000-3950 SL 4080 SELL TERMERIC (OCT) BELOW 6600 TGT 6550-6440 SL 6690 DHANIYA (SEP.) GUARGUM (OCT.) TURMERIC(SEP.) CASTORSEED (SEP.)
  8. 8. YOUR MINTVISORY Call us at +91-731-6642300 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 responsi- bility (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 recommenda- tion 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 finan- cial 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. DISCLAIMER