Daily agri report by epic research 16 july 2014

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NCDEX Market is an other market exchange for commodity trading of Indian government where a trader can buy or sell Agriculture commodities mainly.

NCDEX Market is an other market exchange for commodity trading of Indian government where a trader can buy or sell Agriculture commodities mainly.

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  • 1. DAILY AGRI REPORT 16-Jul-2014
  • 2. NCDEX DAILY Newsletter 4 AGRI COMMODITY DAILY WRAP UP…..!!!! CHANA FUTURE Chana futures may trade on a mixed note. Prices may recover from lower levels extending previous day’s gains on short coverings coupled with value buying and lower kharif pulses sowing till date. However, fears of tightening of stock limits, revival of monsoon and expectations of improvement in sowing of kharif pulses may cap the upside and pressurize prices at higher levels. SOYABEAN FUTURE Soybean futures are expected to trade on a negative note. A pickup in the sowing activities coupled with weak overseas markets and soy meal exports may pressurize prices. However, lower sowing till date coupled with below normal rains,tight supplies and lower availability of seeds for sowing may support prices at lower levels. CORIANDER FUTURE Coriander futures are expected to trade higher on concerns over crop output in major producers Bulgaria and Romania due to unfavorable weather. Projected decline in coriander production in India compared to last year too pushed up coriander prices. The Forward Markets Commission has approved modification of basis quote to exclude sales tax and value-added tax (VAT) from coriander futures on the National Commodity and Derivatives Exchange. SUGAR FUTURE Sugar futures are expected to trade on a mixed to negative note. Weak demand, higher supplies and lack of fresh export orders may keep prices under downside pressure. However, Incentive announced by the government and below normal rains may support prices at lower levels. 2 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 3. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART Dhaniya Aug chart trend is bullish, Momentum Indicator RSI is above mid range, expecting price may go up Immediate support @ 11870 & Immediate resistance @ 12000. R1-9629 R2-11447 PP-11317 S1-11273 S2-11187 TRADING STRATEGY: BUY DHANIYA AUG ABOVE 12000 TGTS 12030,12080 SL 11950 SELL DHANIYA AUG BELOW 11870 TGTS 11840,11790 SL 11920 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 4. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART In Guarseed chart, Price is in support level, expecting from here onwards guarseed price may go Down Momentum indicators RSI is below mid range. In intraday basis immediate support @ 5645 & immediate resistance @ 5740. R1-5375 R2-5857 PP-5642 S1-5548 S2-5427 TRADING STRATEGY: BUY GUARSEED AUG ABOVE 5740 TGTS 5770,5820 SL 5690 SELL GUARSEED AUG BELOW 5645 TGTS 5615,5565 SL 5695 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