Daily agri-report 22-oct-2013
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Daily agri-report 22-oct-2013

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Daily agri-report 22-oct-2013 Daily agri-report 22-oct-2013 Presentation Transcript

  • NCDEX AGRI COMMODITIES DAILY TECHICAL REPORT……!!!! 22-OCTOBER-2013
  • NCDEX DAILY Newsletter (22-0CT- 2013) AGRI COMMODITY DAILY WRAP UP…..!!!! Chana consolidates around one month high Spot Chana prices are consolidating around one month high in Delhi today though a recovery in supplies did not bring in much gains for the prices. Good demand in ready daals market is supporting Chana. Spot prices in Delhi are quoting at Rs 3120/25 per quintal- down marginally on the day. The arrivals in Delhi stayed accommodative, coming in at 40 trucks today after 50 trucks yesterday. The supplies have hovered in the range of around 30/40 trucks per day in last few weeks. Good demand is seen in Urad and Moong The Kharif pulses arrivals are being eyed and Moong and Urad supplies have started gaining pace in Rajasthan. Stockists demand is emerging in almost all ready pulses right now. The progress on the kharif pulses harvest front is impressive. As per latest release from Ministry of Agriculture, the acreage under pulses has gone up by 15.28per cent to 101.81 lakh hectares. This is mainly due to strong sowing of Tur and Urad in Maharashtra. The total output of chana is likely to be 8.57 million tonnes in the current year. This marks a gain of 11.29per cent compared to the last year's production of 7.57 million tonnes. Rabi Pulses output is likely to be 12.09 million tonnes, up 9.61per cent on the year. Castor seed recovers Castor seed futures recovered from the lower levels on the account of fragile sowing progress in the current year along with strong castormeal export demand. The NCDEX futures swelled by Rs 33 per quintal today. As per the latest release from Ministry of Agriculture, the total sowing acreage of castor seed was reported at 9.84 lakh hectares as on 03rd October 2013, down 0.67 lakh hectares from the last year in the same period. This was mainly on the account of poor sowing acreage in Andhra Pradesh and Gujarat. The market sources suggested that most of the Andhra Pradesh farmers have been shifted towards other remunerative crops like maize in the current year. Similarly, most of the cultivators in Gujarat are moving towards mustard seed crop during the upcoming rabi season.The futures prices were also well supported by strong castor meal export demand. The latest compiled by SEA of India revealed that the exports of castor meal during the September 2013 reported strong gains over 480 per cent t o reach 0.58 lakh tonnes against 0.10 lakh tonnes of the previous year.The NCDEX November Benchmark futures increased by Rs 33 per quintal today to settle at Rs 3,694 per quintal. The NCDEX futures added 9.60 per cent in open interest indicating fresh buying by traders and stockiest. 2|Page WWW.EPICRESEARCH.CO CALL: +917316642300
  • NCDEX DAILY Newsletter (22-0CT- 2013) NCDEX OIL & OIL SEEDS DAILY TECHNICAL LEVELS CASTOR SEED HOURLY CANDLESTICK CHART TRADING STRATEGY: CASTORSEED LOOKS IN BULLISH TREND ……. BUY CASTORSEED NOV ABOVE 3635 TG 3665, 3695 SL 3595 SELL CASTORSEED NOV BELOW 3570 TG 3540, 3510 SL 3610 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300
  • NCDEX DAILY Newsletter (22-0CT- 2013) NCDEX PULSES DAILY TECHNICAL LEVELS CHANA HOURLY CANDLESTICK CHART TRADING STRATEGY: CHANA NCDEX OCT IS IN CONSOLIDATING TREND AND CAN GO DOWNWARDS.……. BUY CHANA NOV ABOVE 3080 TG 3110, 3140 SL 3040 SELL CHANA NOV BELOW 2980 TG 2950, 2920 SL 3020 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300
  • NCDEX DAILY Newsletter (22-0CT- 2013) NCDEX SPICES DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART TRADING STRATEGY: DHANIYA NCDEX OCT IS IN BULLISH TREND CAN GO UPWARDS BUY DHANIYA NOV ABOVE 6645 TG 6675, 6705 SL 6605 SELL DHANIYA NOV BELOW 6540TG 6510, 6480 SL 6580 5|Page WWW.EPICRESEARCH.CO CALL: +917316642300
  • NCDEX DAILY Newsletter (22-0CT- 2013) 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 tailormade 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. 6|Page WWW.EPICRESEARCH.CO CALL: +917316642300
  • NCDEX DAILY Newsletter (22-0CT- 2013) 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 Alternate: +91 731 664 2320 / 2226 +91 97521 99966 Or give us a missed call at 026 5309 0639 7|Page WWW.EPICRESEARCH.CO CALL: +917316642300
  • NCDEX DAILY Newsletter (22-0CT- 2013) 8|Page WWW.EPICRESEARCH.CO CALL: +917316642300