Daily agri report by epic research 13 aug 2014


Published on

Epic Research is India's best trading tips provider in equity, derivative, commodity derivative and currency derivatives market segment. Epic Research has proven itself as one of the primary platforms for share market tips. Our opinion are based on Indian share market fundamental, technical & equity research. we offer wide range of service packs related to these segment.

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 13 aug 2014

  1. 1. DAILY AGRI REPORT 13-Aug-2014
  2. 2. NCDEX DAILY Newsletter 4 AGRI COMMODITY DAILY WRAP UP…..!!!! CHANA FUTURE Chana futures bounced back sharply from lower levels on lower level demand coupled with festive demand and declining arrival pressure and settled 2.52% higher. Prices have declined over the last few days on an increase in the sowing of kharif pulses and a revival of monsoon. Prices declined over the last few months on sluggish demand in the physical markets coupled with record chana output in 2013-14. SOYABEAN FUTURE Soybean futures traded on a mixed note. Short coverings and tight supplies of the old crop supported prices. However, prices declined from higher levels pressurized by increased sowing of soybean, revival of monsoon and weak meal export demand and settled unchanged. The ongoing bearishness in the CBOT soybean market is likely to continue for the near term. TURMERIC FUTURE Turmeric futures traded on a positive note on reports of crop damage in Sangli due to heavy rains and settled 0.96% higher. However, weak demand in the physical markets on the back of poor quality crop arrivals and huge carryover stocks capped sharp gains JEERA FUTURE Jeera futures recovered from lower levels in the early trades on short coverings. However, prices again declined from higher levels on weak demand and settled 0.22% lower. Buyers are waiting for lower levels to initiate fresh buying, keeping prices under check. Record output and huge carryover stocks also pressurized prices. SUGAR FUTURE Sugar futures traded with a positive bias as threat by UP mills to suspend crushing in the next season starting October support prices and settled 0.07% higher. Prices have declined over the last few days on weak demand coupled with monsoon revival and comfortable supplies. 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 Aug chart trend is bullish, Momentum Indicator RSI is at mid range, expecting price may go up Immediate support @ 12150 & Immediate resistance @ 12225. R2-12277 R1-12229 PP-12181 S1-12133 S2-12085 TRADING STRATEGY: BUY DHANIYA SEP. ABOVE 12225 TGTS 12255,12295 SL 12175 SELL DHANIYA SEP. BELOW 12150 TGTS 12120,12070 SL 12200 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  4. 4. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS GUARGUM HOURLY CANDLESTICK CHART In Guargum chart, trend is down, expecting from here onwards guarseed price may go Up Momentum indicators RSI is above mid range. In intraday basis immediate support @ 15420 & immediate resistance @ 15520. R2-15907 R1-15683 PP-15337 S1-15113 S2-14767 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 15520 TGTS 15570,15670 SL 15430 SELL GUARGUM OCT BELOW 15420 TGTS 15370,15270 SL 15510 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