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Weekly agri-report by epic research 21 jan 2013

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  • 1.  WEEKLY AGRI REPORT 21st JANUARY 2013WWW.EPICRESEARCH.CO 9752199966
  • 2.  HEADLINES  Chana futures up on high buying activity Chana prices rose by Rs 16 to Rs 3,970 per quintal in futures trade today as traders enlarged their holdings on account of the good demand in the market. Restricted arrivals in the physical markets further supported the uptrend. At the National Commodity and Derivatives Exchange, chana for delivery in January rose by Rs 16, or 0.40 per cent, to Rs 3,970 per quintal, with an open interest of 12,470 lots. Similarly, chana for delivery in  TRADING TIP: April higher by Rs 15, or 0.42 per cent, to Rs 3,540 per quintal, with an open interest of 67,030 lots.  BUY SOYABEAN FRB ABOVE 3270 TGTS EXPERT OPINION 3310/3370 STOCK S1 S2 R1 R2 SL 3200 CHANA 3,361 3,161 3,918 4,275  SELL DHANIYA RM SEED 3,175 2,901 3,992 4,535 APR BELOW SOYABEAN 3,154 3,071 3,297 3,357 6870 TGTS JEERA 13,476 13,248 14,001 14,298 6600/6400 SL 7075www.epicresearch.co 9752199966
  • 3. PRODUCT EXP DATE  WEEKLY MARKET ANALYSISCHG OPEN HIGH LOW CLOSE LTP PERCENTAGE NAME CHANGE  Pepper CHANA  Pepper 7/19/2012 prices declined by 0.75 4573 cent to Rs 35,005 per quintal in futures trade-0.61 as 4556 per 4525 4560 4532 -28 today speculators reduced their positions amid a weak trend at spot markets due to sluggish demand.At the National Commodity and Derivatives5120 CHILLI 7/19/2012 5060 5060 5018 Exchange, pepper for delivery -1.99 5018 -102 in March fell by Rs 265, or 0.75 per cent, to Rs 35,005 per quintal, with an open interest of 987 lots.Likewise, the spice for delivery in February moved down by Rs 200,-5.5 0.54 per cent, to GUR 7/19/2012 1188 1188 1178 1183.5 1178 or -0.46 Rs 37,030 per quintal, with a business volume of 1,926 lots. JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68  Chilli KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76  Chilli prices rose by Rs 60 to Rs 6,784 per quintal in futures trade today as traders created fresh positions, driven by rising export and spot market demand. Trading sentiment PEPPER improved further on42300 7/19/2012 restricted arrivals 42250 commodity in the market from the major 42555 of the 42390 42435 45 0.11 producing belts. At the National Commodity and Derivative Exchange, chilli for delivery inREF SOYA rose by Rs 60, or 0.89 per cent, to Rs 6,784 per quintal, with an open interest-0.2 5,220 April 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 of lots. Similarly, chilli for delivery in March was up Rs 52, or 0.79 per cent, to Rs 6,602 per quintal,7/19/2012SOY BEAN in a business4309 turnover4330 of 6,2904265.5 Market experts 4315 besides fresh buying by lots. 4303 said 12 0.28 traders, restricted arrivals from producing region mainly helped chilli prices to trade higher at futures market.TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66  Turmeric WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89  Turmeric futures traded up on covering-up of short positions by speculators. Firm demand in the spot market and expectations of lower output due to lesser area under cultivation in the current year, scanty rainfall during the planting season mainly influenced turmeric futures prices.The contract for April delivery was trading at Rs 6,570.00, up by 0.12% or Rs 8.00 from its previous closing of Rs 6,562.00. The open interest of the contract stood at 29260 lots.  Jeera  Jeera futures inched up as speculators build up strong positions on improved export demand. However, expectations of higher output restricted the gains. The contract for March delivery was trading at Rs 13,905.00, up by 0.60% or Rs 2.50 from its previous closing of Rs 13,902.50. The open interest of the contract stood at 12540 lots..www.epicresearch.co 9752199966
  • 4.  WEEKLY SOYABEAN CHARTANALYSISOPEN: 3132HIGH: 3275LOW: 3132CLOSE: 3237  SOYABEAN LOOKS UPWARDS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS www.epicresearch.co 9752199966
  • 5.  WEEKLY CHANA CHARTANALYSISOPEN: 4050HIGH: 4075LOW: 3518CLOSE: 3561  CHANA LOOKS DOWNWARDS  TREND: CONSOLIDATED  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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