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Weekly agri report 21 april- 2014 by epic research
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Weekly agri report 21 april- 2014 by epic research

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Epic Research adopts multiple ways to analyse the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you …

Epic Research adopts multiple ways to analyse the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you trading signals and advice to meet your individual trading needs.

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  • 1. WEEKLY AGRI REPORT 21-MAR-2014
  • 2. NCDEX WEEKLY Newsletter 4 AGRI COMMODITY WEEKLY WRAP UP…..!!!! REFINED SOYA FUTURE Refined Soya markets continued the firm sentiments due to good buying support and strong support from international market with supplies drying off from the major exporters. Soybeans rose the most in two weeks on speculation that increased demand will reduce supplies in the U.S. JEERA FUTURE Jeera futures are expected to trade lower due to selling pressure as arrivals of the new crop are rising sharply in spot markets. The off take is likely to remain limited due to expectation of high output on significant rise in sowing. However, expectations of pick up in export may limit sharp fall in prices. As per the latest data by Gujarat Agriculture Board, total acreage of jeera in the state has been increased by 1.05 lakh hectares from the last year to 4.54 lakh hectares. Traders estimated that total production of jeera is likely to increase by 10 lakh bags to around 46 lakh bags in the current year. CHANA FUTURE Chana rates firmed up further as domestic demand rose in the mandis and a fall in arrivals at these lower levels further supported the sentiments. Traders anticipate present rates to be on the lower side and expect demand to start picking up further in coming days. Slight fall in crop quality in Maharashtra, MP and Rajasthan have been reported. Prospects of demand rising ahead are likely to keep sentiments Bullish in the medium term though short term trend likely to remain volatile. GUARSEED FUTURE Fundamentals had remained weak for last few months as huge carryover stocks from last year, low export demand and better sowing reports from good rains in Rajasthan, Haryana and Gujarat had kept prices down Even with higher stocks in domestic markets, reports indicate stocks in International markets which was high earlier, has fallen over last few months. 2 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 3. NCDEX WEEKLY Newsletter 4 NCDEX WEEKLY TECHNICAL LEVELS DHANIYA 4 HOURLY CANDLESTICK CHART R1-9710 R2-9831 S1-9488 S2-9387 TRADING STRATEGY: BUY DHANIYA MAY ABOVE 9730 TGTS 9820,9920 SL 9590 SELL DHANIYA MAY BELOW 9525 TGTS 9435,9335 SL 9675 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 4. NCDEX WEEKLY Newsletter 4 NCDEX WEEKLY TECHNICAL LEVELS GUARSEED 4 HOURLY CANDLESTICK CHART R1-4955 R2-5060 S1-4760 S2-4670 TRADING STRATEGY: BUY GUARSEED MAY ABOVE 4840 TGTS 4930,5030 SL 4700 SELL GUARSEED MAY BELOW 4800 TGTS 4810,4710 SL 4940 4 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 5. NCDEX WEEKLY Newsletter 4 NCDEX WEEKLY TECHNICAL LEVELS GUARGUM 4 HOURLY CANDLESTICK CHART R1-13197 R2-13503 S1-12667 S2-12443 TRADING STRATEGY: BUY GUARGUM MAY ABOVE 13030 TGTS 13180,13380 SL 12830 SELL GUARGUM MAY BELOW 12800 TGTS 12650,12550 SL 13000 5 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 6. NCDEX WEEKLY 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. 6 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 7. NCDEX WEEKLY 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 Alternate: +91 731 664 2320 / 2226 +91 97521 99966 Or give us a missed call at 026 5309 0639 7 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300