Daily agri report by epic research 14 aug 2014


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Daily agri report by epic research 14 aug 2014

  1. 1. YOUR MINTVISORY Call us at +91-731-6642300 DAILY AGRI COMMODITY REPORT 14th AUGUST 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 Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  2. 2. YOUR MINTVISORY Call us at +91-731-6642300 DAILY WRAP UP MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL DHANIYA SEP. 12175 12192 11795 11825 -3.10 45020 25870 INTRADAY LEVELS SUPPORT SUPP. 1 11679 SUPP. 2 11532 PIVOT 11941 RESISTANCE RES. 1 12088 RES. 2 12350 Dhaniya is short term trend is down, and further more down is expected in coming days. MONTH OPEN HIGH LOW CLOSE % CHANGE OI (in lots) VOL CASTOR SEED SEP. 4321 4368 4304 4333 +0.39 180620 115970 INTRADAY LEVELS SUPPORT SUPP. 1 4302 SUPP. 2 4271 PIVOT 4335 RESISTANCE RES. 1 4366 RES. 2 4399 Castorseed is consolidating in a range ,prices expected to go up coming days . SOYA BEAN OCT. 3364 3430 3315 3385 +0.80 71650 51940 INTRADAY LEVELS SUPPORT SUPP. 1 3590 SUPP. 2 3531 PIVOT 3633 RESISTANCE RES. 1 3692 RES. 2 3735 Soyabean price is in down trend and may continue in upcoming days. GUARGUM OCT. 15500 16090 15500 16090 +3.94 10747 9804 INTRADAY LEVELS SUPPORT SUPP. 1 15683 SUPP. 2 15277 PIVOT 15887 RESISTANCE RES. 1 16293 RES. 2 16497 Guargum Short term trend is up, Expecting price may go up in coming days. Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  3. 3. YOUR MINTVISORY Call us at +91-731-6642300 NCDEX INDICES FUNDAMENTAL AND MANDI REPORT Index Value Pre. Close Castor Seed 4333 4316 Chana 2895 2861 Coriander 11358 11642 Cotton Seed Oilcake 1740 1716 Guarseed 5405 5200 Jeera 11170 11060 Mustard seed 3517 3502 Soy Bean 3648 3575 Sugar M Grade 3067 3083 Turmeric 6426 6372 % Change +0.39 +1.19 -2.44 +1.40 +3.94 +0.99 +0.43 +2.04 -0.52 +0.85 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-08-2014 11358.00 -298.00 -2.56% SUGAR M GRADE 20-08-2014 3067.00 -18.00 -0.58% GUR 19-09-2014 1145.50 -5.50 -0.48% SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % SOYABEAN 20-10-2014 3648.00 69.00 1.93% CHANA 20-08-2014 2895.00 37.00 1.29% COTTON SEED OIL CAKE AKOLA 20-08-2014 1743.00 19.00 1.10% BARLEY 20-08-2014 1415.00 15.00 1.07% TURMERIC 20-08-2014 6426.00 46.00 0.72% TOP GAINERS Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  4. 4. YOUR MINTVISORY Call us at +91-731-6642300 COMMODITIES IN NEWS SUGAR Allahabad High Court today ordered sugar mills in Uttar Pradesh to start liquidating their sugar stock for clearing cane arrears. The mills have been directed to liquidate 5% of their current stock in hand every week for the next three weeks, while fixing Sep- tember 3 for subsequent case hearing. The court has fixed Rs 3,100/quintal as the floor price for the sale. Thirty% of the realized amount would go towards clearing the cane dues, while the status of the remaining 70% would be decided later by the court.The 95 private mills hold nearly 2.98 million tonnes (MT) of unsold sugar stock in UP. This way, they will have to sell 1,49,000 tones of sugar every week, which would realise nearly Rs 462 crore based on the floor price. CASTORSEED Crude palm oil prices rose marginally by Rs 2.40 to Rs 509.50 per 10 kg in futures trade today as participants created fresh positions on rising spot demand. On the Multi Commodity Exchange, crude palm oil for August delivery rose by Rs 2.40, or 0.47%, to Rs 509.50 per kg, with a trading volume of 54 lots. Similarly, the oil for delivery in September moved up marginally by Rs 2.40, or 0.49%, to Rs 490.40 per 10 kg, with a business turnover of 36 lots. Analysts said fresh positions built-up by speculators driven by rising spot demand, mainly led to the rise in crude palm oil prices at futures market. CARDAMOM Cardamom prices rose by 0.74 per cent on Wednesday at the Multi Commodity Ex- change (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. Cardamom futures for August 2014 contract were trading at Rs 984 per kg, up by 0.74 per cent, after opening at Rs. 988 against the previous closing price of Rs. 976.80. It touched the intra-day high of Rs. 988 till the trading. ECONOMIC NEWS  1st June till 10thAugust, 2014 has been deficient by 18%, according to a latest update from the Ministry of Earth Science. The rainfall for the country as a whole during monsoon season from While updating the Monsoon 2014 Long Range Rainfall format in June, the expected seasonal quantum of rain is assessed at 93% of the long period average (LPA) suggesting that below normal rainfall activity during 2014 by fully considering the prospect of El Nino only by the end of August 2014 then.  During the first month (June) of the season, the real- ized rainfall over the country as awhile was deficient by 43% from LPA  Whereas 18 Meteorological Subdivisions viz. Orissa (+21%), Uttarakhand (-16%), West Rajasthan (-2%), East Rajasthan (+10%), West Madhya Pradesh (-3%), East Madhya Pradesh(-12%), Chhattisgarh (+1%), Jharkhand (-10%), Gangetic West Bengal (-10%), Sub Himalayan West Bengal (-19%), Saurashtra Kutch & Diu (-15%), Konkan & Goa (-8%), Madhya Maharash- tra (-13%), Coastal Karnataka (-5%), South interior Karnataka (+17%), Tamil Nadu& Pondicherry (-8%), Kerala (-2%) and Andaman & Nikobar Islands (+4%) are in normal to Excess rainfall category. Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  5. 5. YOUR MINTVISORY Call us at +91-731-6642300 FUNDAMENTAL AND MANDI REPORT SOYABEAN National Market Report According to ministry of agriculture, Kharif soybean sowing area has progressed to 103.09 lakh hectares as on 8 August, 2014, but is still 13.1% lower than the 118.76 lakh hectares sown by this time last year. Rains during the last 2-3 weeks support the sowing pace over key growing belts and the numbers are likely to improve in the days ahead. State wise details, in MP soybean has been sown in 56.59 lakh hectares (102% of normal area), in Maharashtra sowing reached to 31.44 lakh hectares (104.5 % of normal area) and in Rajasthan sowing reached to 7.30 lakh hectares (84.7 % of normal area). Arrivals of soya bean in Madhya Pradesh state dropped by 13000 bags of 100kg each to 22000 bags of 100kg each. Arrivals of soya bean in Maharashtra state dropped by 2000 bags of 100kg each to 8000 bags of 100kg each. At the Indore spot market in top producer MP, soybean gained 21 rupee to 3922 rupee per 100 kgs. Technically market is under fresh buying as market has witnessed gain in open interest by 0.01% to settled at 69720 while prices up 8 rupee, now Soya- bean is getting support at 3552 and below same could see a test of 3530 level, and resistance is now likely to be seen at 3592, a move above could see prices testing 3610. International update Soya bean settled up 0.22% at 3575 on strong China demand for United States soybean amid caution ahead of monthly production and stockpiles data by United States Department of Agriculture (USDA). However upside seen limited on account of dull demand owing to favorable weather condi- tion for soybean crop. The physical mandis remained steady, however, the bearish tinge were preva- lent across the board on account of poor trading activities amid slow exports of soy meal. India's oil meal exports fell 43 percent in July from a month ago to 115,094 tones as castor meal and rice bran meal sales slumped. China, the world's largest soy buyer, imported 7.47 million tones of soybeans in July, up 17 percent from June and exceeding an earlier official forecast, figures from the General Administration of Cus- toms of China showed. US private exporters reported soybean sales of 168,000 tons to China for de- livery during the 2014-15 marketing year, the US Department of Agriculture said. India soybean sowing till Aug 8 stood at 10.3 million hectare compared to 9.53 million hectare a week ago, a gov- ernment data showed. STOCK POSITION AT NCDEX WAREHOUSES SOYABEAN SPOT MARKET PRICE (PRICES IN RS. PER QUINTAL) INDORE Commodity/Variety Price Change Absolute Soyabean (Mandi) 3750-3900 0 Soyabean (Plant) 3825-3930 0 13AUG. 12AUG. SOYABEAN INDORE ( RS/QTL ) Mandi 3900 3900 Plant 3930 3900 SOYABEAN NAGPUR ( RS/QTL ) Mandi - 4000 Plant 4000 3950 Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  6. 6. YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY NAME LOCATION PRICE 29 mm Cotton Rajkot 18644.55 Bajra Jaipur 1240 Barley Jaipur 1458 Castor Seed Disa 4297.2 Castor Seed 1 MT Disa 4297.2 Chana Bikaner 2840 Chana Delhi 2941.45 Chana Indore 2936.6 Chana 1 MT Delhi 2941.45 Chilli Guntur 7307.7 Chilli Teja Khammam 10342.85 Copper Cathode Mumbai 425.2 Coriander Kota 11329.55 Cotton Kadi 18584.8 Cotton Seed (Industrial Grade) Akola 2288 Cotton Seed Oilcake Akola 1780 Cotton Seed Oilcake Kadi 1820.85 Crude Palm Oil Kandla 521.65 COMMODITY NAME LOCATION PRICE Guar Gum Jodhpur 15414.45 Guar Seed 10 MT Jodhpur 5600 Guarseed Jodhpur 5600 Guarseed Bikaner 5520 Gur Muzaffar Nagar 1162.25 Jeera Unjha 11348.55 Mustardseed Jaipur 3666.5 Mustardseed Alwar 3687.25 Pepper Kochi 73460 Polyvinyl Chloride Mumbai 77000 RBD Palm Olein Kakinada 561.95 RBD Palmolein Kandla 555 Ref Soya Oil Nagpur 669.9 Ref Soya Oil Indore 666.75 Ref Soya Oil Mumbai 656.25 SPOT QUOTES Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  7. 7. YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SELL BELOW 11780 TGT 11750-11700 SL 11830 BUY ABOVE 11975TGT 12005-12055 SL 11925 SELL BELOW 15985 TGT 15900-15800 SL 16040 BUY ABOVE 16110 TGT 16160 –15260, SL 16020 SELL BELOW 4310 TGT 4280-4430 SL 4360 BUY ABOVE 4380 TGT 4410-4460 SL 4330 SELL BELOW 3610 TGT 3580-3530 SL 3660 BUY ABOVE 3675 TGT 3705-3755 SL 3625 DHANIYA (SEP.) GUARGUM (OCT.) SOYABEAN (OCT.)CASTORSEED (SEP.) Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  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 re- sponsibility (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 es- timates 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 ex- pressed 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. DISCLAIMER Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)