Daily agri report 30 june 2014 by epic research


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Daily agri report 30 june 2014 by epic research

  1. 1. DAILY AGRI REPORT 30-Jun-2014
  2. 2. NCDEX DAILY Newsletter 4 AGRI COMMODITY DAILY WRAP UP…..!!!! MENTHAOIL FUTURE Mentha Oil failed to recover even at these lower levels as increased arrivals of the new crop kept market sentiments down. Some more corrections are not ruled out as demand remained slack in mandis. Weather remained favorable in UP for proper harvesting process. TURMERIC FUTURE Improved Monsoon prospects over the growing states of AP and TN along with profit booking at the higher levels brought some corrections to the rising rates for Turmeric. Adverse Monsoon had been affecting the sowing of the crop in AP and Tamil Nadu for last few days. An expected revival of Monsoon in the coming week could be beneficial for the sowing of the crop and could put a cap on the rising rates. GUARSEED FUTURE After the recent surge in price for Guar over delayed arrival of Monsoon rains, profit booking set in at the higher levels with possibility of better Monsoon scenario next week keeping the uptrend limited. The Monsoon progress towards North West for next week remains critical as any pickup could limit the up trend. SOYABEAN FUTURE Weak demand for soybean and meal kept market sentiments weak even as better Monsoon prospects in coming week additionally supported the falling market sentiments. Sowing progress in irrigated parts of MP & Maharashtra creating a bearish impact. 2 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  3. 3. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART Dhaniya july daily chart trend is bullish, Momentum Indicator RSI is in overbought zone, expecting price may go up Immediate support @ 10500 & Immediate resistance @ 10630. R1-9629 R2-10933 PP-10702 S1-10614 S2-10471 TRADING STRATEGY: BUY DHANIYA JUL ABOVE 10790 TGTS 10820,10870 SL 10740 SELL DHANIYA JUL BELOW 10745 TGTS 10715,10665 SL 10795 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  4. 4. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART Guarseed daily chart, Price bounce from support level, expecting from here onwards guarseed price may go UP Momentum indicators RSI is above mid range. In intraday basis immediate support @ 5780 & immediate resistance @ 5850. R1-5375 R2-5968 PP-5773 S1-5697 S2-5578 ITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED JUL ABOVE 5850 TGTS 5880,5930 SL 5800 SELL GUARSEED JUL BELOW 5780 TGTS 5760,5710 SL 5830 4 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  5. 5. NCDEX DAILY 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. 5 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  6. 6. NCDEX DAILY 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 +91 97521 99966 Or give us a missed call at 026 5309 0639 6 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300