WEEKLY AGRI REPORT BY EPIC RESEARCH-17 SEPTEMBER 2012

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WEEKLY AGRI REPORT BY EPIC RESEARCH-17 SEPTEMBER 2012

  1. 1. WEEKLY AGRI REPORT 17TH SEPTEMBER 2012WWW.EPICRESEARCH.CO 9752199966
  2. 2.  HEADLINES  Sugar remains up on festive demand Sugar futures rose by 0.56 per cent to fresh three-week high of Rs 3,570 per quintal, driven by rising demand in spot markets for the festive season. However, adequate supplies in the market limited the gains. At the National Commodity and Derivatives Exchange, sugar for November delivery traded Rs 20, or 0.56 per cent, higher at Rs 3,570 per quintal, with an open  Trading tip: interest for 16,230 lots. Sugar for delivery in October Buy Cocud Oct also traded higher by Rs 18, or 0.51 per cent, at Rs 3,568 per quintal, with open interest of 41,510 lots. Above 1430  Potato futures extend gains as demand pick up TGTS- 1445/1470 Potato prices extended gains for the second day in a SL- 1403 row by adding Rs 29 to Rs 1,000.50 per quintal as traders enlarged positions, driven by rising spot demand against less arrivals from producing belts. Previous Performance: EXPERT OPINION Sell Soybean Nov. STOCK S1 S2 R1 R2 Between 3740-3760 CHANA 4268 4038 4786 5074 For TGTS 3650/3550 RM SEED 4071 3918 4307 4390 SL- 3830 SOYABEAN 3612 3549 3756 3837 JEERA 13861 13428 14546 14798 TARGET ACHIEVEDwww.epicresearch.co 9752199966
  3. 3. PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE  WEEKLY MARKET ANALYSIS CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 CHILLI Pepper  7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 Pepper prices are expected to continue the positive trend during today’s trading session on GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 fresh buying at lower levels. Exhausted supplies along with expectations of fall in pepper production in coming season are likely to cushion pepper prices. However, short term trend JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 is likely to remain volatile amid reports of cheaper Sri Lankan pepper coming in Indian is also weighing on domestic pepper prices. KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76  Chilli PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11 Chilli prices are projected to continue the recovery on lower level buying during today’s’ trading session. Poor sowing progress noticed in major grower Andhra Pradesh might REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 support chilli prices for short term. However, overall trend is still subdued amid steady arrivals and poor export demand. SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28  Turmeric TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 Turmeric prices are expected to witness very subdued trend on back of prevailing mixed sentiments. Most of the farmers in Erode have refused to sell their produce below Rs. WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 9000. Therefore, traders are shifting to cheaper destination like Nizamabad and Warangal. Exporters are still waiting for fresh export orders and thereby, staying away from bulk buying which might weigh on turmeric prices.  Jeera Jeera prices are projected to continue the down trend on back of prevailing bearish sentiments. Poor demand at domestic as well as at export front is likely to weigh on prices. Sufficient stocks along with better sowing prospects might also add pressure on jeera prices. However, small recovery can be seen during the day on lower level buying but it might remain short live following the overall bearish fundamentals.www.epicresearch.co 9752199966
  4. 4.  WEEKLY SOYABEAN CHARTANALYSISOPEN: 3707HIGH: 3775LOW: 3631CLOSE: 3675 SOYABEAN LOOKS BEARISH TREND: DOWNWARDS STRATEGY: SELL ON RISE
  5. 5.  WEEKLY CHANA CHARTANALYSISOPEN: 4844HIGH: 4844LOW: 4326CLOSE: 4499 CHANA LOOKS BERISH TREND: DOWNWARD STRATEGY: SELL ON RISEwww.epicresearch.co 9752199966
  6. 6. DisclaimerThe information and views in this report, our website & all the service we provide are believed to bereliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have theright to choose the product/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information containedherein is based on analysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The reportdoes not provide individually tailor-made investment advice. Epic research recommends that investorsindependently evaluate particular investments and strategies, and encourages investors to seek the adviceof a financial adviser. Epic research shall not be responsible for any transaction conducted based on theinformation 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. Theinformation herein, together with all estimates and forecasts, can change without notice. Analyst or anyperson related to epic research might be holding positions in the stocks recommended. It is understood thatanyone who is browsing through the site has done so at his free will and does not read any views expressedas a recommendation for which either the site or its owners or anyone can be held responsible for . Anysurfing 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 anyloss incurred whatsoever for any financial profits or loss which may arise from the recommendationsabove 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 orSMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly bythem. If found so then Serious Legal Actions can be taken.

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