Daily agri report by epic research 21 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.

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Daily agri report by epic research 21 july 2014

  1. 1. DAILY AGRI REPORT 21-Jul-2014
  2. 2. NCDEX DAILY Newsletter 4 AGRI COMMODITY DAILY WRAP UP…..!!!! CHANA FUTURE Chana August futures traded on a mixed note on Thursday. Profit taking at higher levels and expectations of revival of the monsoon in the coming days capped kept prices under check. However, improved buying coupled with demand from the millers, declining arrival pressure and lower kharif pulses sowing till date supported prices . SOYABEAN FUTURE Soybean Oct futures traded on a positive note on Thursday on lower sowing, below normal rains till date as well as tight supply of soybean seeds. However, negative CBOT prices coupled with expectations of revival of the monsoon and weak soy meal exports pressurized prices at higher levels CORIANDER FUTURE Coriander futures are seen trading higher due to concerns over delay in sowing during the rabi season. Sowing of kharif crops have already been delayed due to scanty rains in the top producing states of Gujarat and Rajasthan. The concerns over crop output in major producers Bulgaria and Romania due to unfavorable weather too supported the uptrend. JEERA FUTURE Jeera August futures traded on a positive note on demand from the domestic as well as overseas buyers coupled with declining arrival pressure. However, record output and huge carryover stocks capped sharp gains. SUGAR FUTURE Sugar August futures traded on a negative note on Thursday on weak physical market demand coupled with expectations of 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 above mid range, expecting price may go up Immediate support @ 11850 & Immediate resistance @ 12000. R1-9629 R2-12110 PP-11925 S1-11849 S2-11740 TRADING STRATEGY: BUY DHANIYA AUG ABOVE 12000 TGTS 12030,12080 SL 11950 SELL DHANIYA AUG BELOW 11850 TGTS 11820,11770 SL 11900 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  4. 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 @ 5480 & immediate resistance @ 5590. R1-5375 R2-5670 PP-5520 S1-5450 S2-5370 TRADING STRATEGY: BUY GUARSEED AUG ABOVE 5590 TGTS 5620,5670 SL 5540 SELL GUARSEED AUG BELOW 5480 TGTS 5450,5400 SL 5530 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