Daily agri report by epic research 21 aug 2014


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Daily agri report by epic research 21 aug 2014

  1. 1. YOUR MINTVISORY Call us at +91-731-6642300 DAILY AGRI COMMODITY REPORT 21ST 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. 11730 12050 11730 12022 +2.60 36990 25310 INTRADAY LEVELS SUPPORT SUPP. 1 11808 SUPP. 2 11594 PIVOT 11929 RESISTANCE RES. 1 12143 RES. 2 12264 Dhaniya short term trend is down, and furthermore down is expected in coming days. MONTH OPEN HIGH LOW CLOSE % CHANGE OI (in lots) VOL CASTORSEED SEP. 4220 4242 4143 4225 +0.21 175250 1281701 INTRADAY LEVELS SUPPORT SUPP. 1 4165 SUPP. 2 4104 PIVOT 4203 RESISTANCE RES. 1 4264 RES. 2 4302 Castorseed Short term trend is down. Price expected to go down in coming days . SOYABEAN OCT. 3440 3490 3377 3388 -0.47 73080 66790 INTRADAY LEVELS SUPPORT SUPP. 1 3347 SUPP. 2 3305 PIVOT 3427 RESISTANCE RES. 1 3460 RES. 2 3535 Soyabean price is in down trend and may continue in upcoming days. GUARGUM OCT. 17140 17700 16800 17700 +4.00 12847 18131 INTRADAY LEVELS SUPPORT SUPP. 1 17100 SUPP. 2 16500 PIVOT 17400 RESISTANCE RES. 1 18000 RES. 2 18300 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 Castorseed 4225 4216 Chana 2974 2980 Coriander 12022 11715 Cotton Seed Oilcake 1821 1831 Guarseed 5990 5830 Jeera 11295 11350 Mustard seed 3429 3414 SoyBean 3388 3404 Sugar M Grade 3050 3079 Turmeric 6570 6620 % Change 0.21 -0.20 2.62 -0.55 2.74 -0.48 0.44 -0.47 -0.94 -0.76 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % REFINED SOY OIL 19-09-2014 622.40 -9.20 -1.46% SUGAR M GRADE 19-09-2014 3050.00 -29.00 -0.94% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANG E % CORIANDER 19-09-2014 12022.00 307.00 2.62% LIGHT SWEET CRUDE OIL 19-09-2014 5684.00 25.00 0.44% RAPESEED-MUSTARD SEED 19-09-2014 3429.00 15.00 0.44% GUR 19-09-2014 1151.00 2.50 0.22% CASTOR SEED NEW 19-09-2014 4225.00 9.00 0.21% 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 CHANA Chana prices closed higher 2.5 per cent on Tuesday at the National Com- modity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production. CARDAMOM Cardamom prices rose by 0.71 per cent at the Multi Commodity Exchange on account of good buying support from both exporters and upcountry buy- ers and also on hopes of improved export demand. Cardamom futures for August 2014 contract were trading at Rs 963.20 per kg, up by 0.71 per cent, after opening at Rs. 957.90 against the previous closing price of Rs. 956.70. It touched the intra-day high of Rs. 966.90 till the trading. Sentiment im- proved further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh.. CORIANDER Coriander prices rose by 0.35 per cent on Wednesday at the National Com- modity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. Senti- ment improved further as the investors enlarged their holdings tracking the surge in the demand for the commodity. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian cuisine. ECONOMIC NEWS Faced with economic sanctions by the western world and a retaliatory ban on import of agricultural commodities from there, Russia has evinced interest in import of large quant of fruits and vegetables from India. In a letter to the Agricultural and Processed Food Products Export Development Authority (Apeda), one of Russia’s largest retail chains Retain Chain Monetka, has sought import of vegetables including potato, cabbage, carrot, marrow, garlic, tomato, on- ion, capsicum, radish and mushroom from India An import depended Russia bought over $128 billion agricultural commodities from the United States and European Union in 2013. But, the import from these origins are banned in retaliation with economic sanctions form the Western countries due to ad- vancement of Russian military into Ukraine. India currently exports agricultural commodities worth $100 million to Russia. Russia is looking to import agricultural commodities from elsewhere. It has also sought import of apples, oranges, banana, etc. 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 CASTORSEED National Market Report Soybean (plant delivery, Indore) fell on weak low soy product demand while mustard seed, Jaipur, rebound on buying support as expected. This is despite weakness in BMD CPO. Soybean arrivals in Madhya Pradesh slightly improved to 22,000 bags compared to 20,000 bags on Tuesday. All India arrivals of RM seed too remained flat 1.0 lakh bags compared to Tuesday’s level. Besides, RM seed arrivals in Rajasthan too remained steady 0.55 lakh bags compared to Tuesday’s level. Indian soybean and soyoil futures fell on Wednesday, tracking weak global markets and on sluggish export demand for soymeal. The key October soybean contract closed down 0.50 percent at 3,387 rupees per 100 kg International Update US soybean crop is reported under good condition. Soybean blooming, as on Aug 18, is reported at 95% which is at par with the 5 year aver- age but slightly above 91% compared to the same period last year. The crop is 83% in pod formation which is above 5 year average of 79% and also above 70% during the same period last year. Further, the crop is 71% in good to excellent condition, which is better than last year. The factors are considered to be bearish for the international soybean for short-term. Malaysian palm oil lost more ground on Wednesday, fal- ling for a sixth consecutive session to its lowest since October 2009 as slowing exports and prospects of near-record U.S. soybean production MARKET 20-Aug-14 19-Aug-14 MADHYA PRADESH 22000 20000 MAHARASTRA 3000 8000 STOCK POSITION AT NCDEX WAREHOUSES MARKET 20-Aug-14 19-Aug-14 MADHYA PRADESH 22000 20000 MAHARASTRA 3000 8000 RAJASTHAN 10000 10000 BUNDI 200 400 JHALAWAR 400 700 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 Castor Seed Disa 4249.65 Castor Seed 1 MT Disa 4249.65 Chana Bikaner 2882.5 Chana Delhi 3000 Chana Indore 2993.15 Chana 1 MT Delhi 3000 Chilli Guntur 7362.5 Chilli Teja Khammam 10166.65 Copper Cathode Mumbai 412.7 Coriander Kota 11125 Cotton Kadi 18525.05 Cotton Seed (Industrial Grade) Akola 2312 COMMODITY NAME LOCATION PRICE Soy Bean Kota 3767.6 Soy Bean Indore 3861 Soy Bean Nagpur 3965.25 Steel Long Mandi Gobindgarh 34650 Steel Long Commercial Thane 32150 Sugar M Grade Kolhapur 3088.9 Sugar M Grade Kanpur 3300 Sugar M Grade Erode 3173 Sugar M Grade Muzaffar Nagar 3283 Sugar M Grade Delhi 3330 Sugar M Grade Kolkatta 3330 Sugar M Grade Kolhapur 3132.75 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 11910 TGT 11880 -11830 SL 11960 BUY ABOVE 12050 TGT 12080-12130 SL 1 2000 SELL BELOW 17500TGT 17450 -17350 SL 17590 BUY ABOVE 17710 TGT 17740 –17840 SL 17620 SELL BELOW 4180 TGT 4160-4110 SL 4230 BUY ABOVE 4230 TGT 4260 -4310 SL 4180 SELL BELOW 3370 TGT 3340-3290 SL 3420 BUY ABOVE 3420 TGT 3450-3500 SL 3370 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/)