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WEEKLY AGRI REPORT BY EPIC RESEARCH-24 DECEMBER 2012

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Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday …

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.

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  • 1.  WEEKLY AGRI REPORT 24TH DECEMBER 2012WWW.EPICRESEARCH.CO 9752199966
  • 2.  HEADLINES  Chilli , turmeric fall on sluggish demand Red chilli and turmeric prices fell further by Rs 100 per quintal in the national capital today largely influenced by sluggish demand from local parties and stockiest amid adequate stocks. Increased arrivals from producing belts and weakening trend in futures market also put pressure on the select spice prices. Red chilli and turmeric prices declined by Rs 100 each to conclude at Rs 6,300-11,800 and Rs 6,400-9,600 per quintal, respectively. Market men  TRADING TIP: said subdued demand from local parties and retailers against increased arrivals from producing belts, mainly  SELL SOYABEAN pulled down the chilli and turmeric prices in the wholesale kirana market here. JAN BELOW 3295 TGTS 3245/3185 EXPERT OPINION SL-3345  SELL JEERA STOCK S1 S2 R1 R2 CHANA 3,973 3,905 4,140 4,239 MAR BELOW RM SEED 4,083 3,907 4,356 4,453 15545 TGTS SOYABEAN 3,246 3,198 3,366 3,438 15395/15195 JEERA 14,755 13,965 16,155 16,765 SL 15695www.epicresearch.co 9752199966
  • 3.   WEEKLY MARKET ANALYSISPRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE  Pepper NAME CHANGE  Indian pepper futures fell on Friday due to sluggish overseas sales and expectations of an increase in output. As of 0937 GMT, the most-active February pepper contract on the CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 National Commodity and Derivatives Exchange (NCDEX) fell 2.63 per cent to 34,575 rupees CHILLI 1007/19/2012 output is likely to be higher next year due to5018 per kg. Pepper 5060 5060 5018 5120 expectations of good yields in -102 -1.99 the top producer state Kerala and Karnataka GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46  Chilli Chilli prices fell by 1.57 per cent to Rs 6150 per quintal in futures trade-252.5 as speculators JEERA 7/19/2012 14955 14960 14650 15052.5 14800 today -1.68 trimmed their positions, driven by sluggish demand in the spot market against adequate KAPASstocks. 7/19/2012 of higher output estimates further 1049 Reports 1044 1053 1035 fuelled the downtrend in chilli .At the 1041 -8 -0.76 National Commodity and Derivatives Exchange, chilli for delivery in March month fell by Rs PEPPER or 1.57 per cent to Rs 6,15042555 98, 7/19/2012 42300 per quintal with an 42390 interest of 4,730 lots. Similarly, the 42250 open 42435 45 0.11 spice for delivery in April contract traded lower by Rs 68, or 1.07 per cent to Rs 6,278 per quintal 7/19/2012 lots. Market analysis: - the fall in chilli prices at futures trade was mostly dueREF SOYA in 2,630 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 to off-loading of positions by speculators on expectations of higher output and sluggish demand in spot markets.SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28  TurmericTURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 Indian turmeric futures hit a contract high for the second session on Tuesday due to a pick up WHEAT domestic demand 1251 a fall1282 the area under 1246 in 7/19/2012 and in 1251 cultivation. As of 1014 GMT, 2.89 April 1282 36 the turmeric contract on the National Commodity and Derivatives Exchange (NCDEX) was up 2.55 percent at 6,606 rupees per 100 kg, hitting a contract high of 6,638 rupees earlier in the day. "Production could fall due to a decline in the seeded area but carry-forward stocks are very high and this would maintain smooth supplies next year," said Suresh Chowdhary, a trader from Nizamabad in Andhra Pradesh. At Nizamabad, spot turmeric rose 41 rupees to 5,297 rupees per 100 kg Jeera Indian jeera futures rose on fresh overseas enquiries and lesser supplies in the domestic market. The March jeera contract on the NCDEX was up 2.52 percent at 15,770 rupees per 100 kg. "Jeera is expected to rise further in the coming days because enquiries are very good from exporters," said Samir Mahendra Shah, a trader from Unjha, a key spot market in Gujarat.At Unjha, spot jeera was almost steady at 14,986 rupees per 100 kg India is the worlds top producer of jeera, or cumin seed, followed by Syria and Turkey. www.epicresearch.co 9752199966
  • 4.  WEEKLY SOYABEAN CHARTANALYSISOPEN: 3360HIGH: 3390LOW: 3270CLOSE: 3295  SOYABEAN LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE www.epicresearch.co 9752199966
  • 5.  WEEKLY CHANA CHARTANALYSISOPEN: 4121HIGH: 4171LOW: 4004CLOSE: 4041  CHANA LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISEwww.epicresearch.co 9752199966
  • 6. DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but wedo not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/sthat suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained herein isbased 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 notprovide individually tailor-made investment advice. Epic research recommends that investors independently evaluateparticular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic researchshall not be responsible for any transaction conducted based on the information given in this report, which is inviolation 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 researchmight be holding positions in the stocks recommended. It is understood that anyone who is browsing through the sitehas done so at his free will and does not read any views expressed as a recommendation for which either the siteor its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance ofthis 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 incurredwhatsoever for any financial profits or loss which may arise from the recommendations above epic research doesnot purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Anythird party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Providedby us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can betaken. www.epicresearch.co 9752199966

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