Daily agri report by epic research 18 aug 2014


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Daily agri report by epic research 18 aug 2014

  1. 1. YOUR MINTVISORY Call us at +91-731-6642300 DAILY AGRI COMMODITY REPORT 18th AUGUST 2014 Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to Info@epicresearch.co Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  2. 2. YOUR MINTVISORY Call us at +91-731-6642300 DAILY WRAP UP MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL DHANIYA SEP. 11820 11823 11551 11632 -1.99 43500 25270 INTRADAY LEVELS SUPPORT SUPP. 1 11501 SUPP. 2 11369 PIVOT 11684 RESISTANCE RES. 1 11816 RES. 2 11999 Dhaniya is short term trend is down, and further more down is expected in coming days. MONTH OPEN HIGH LOW CLOSE % CHANGE OI (in lots) VOL CASTORSEED SEP. 4331 4341 4275 4297 -1.20 179320 110450 INTRADAY LEVELS SUPPORT SUPP. 1 4265 SUPP. 2 4233 PIVOT 4307 RESISTANCE RES. 1 4339 RES. 2 4381 Castorseed is consolidating in a range ,prices expected to go up coming days . SOYABEAN OCT. 3646 3648 3510 3510 -3.99 76270 101450 INTRADAY LEVELS SUPPORT SUPP. 1 3464 SUPP. 2 3418 PIVOT 3556 RESISTANCE RES. 1 3602 RES. 2 3694 Soyabean price is in down trend and may continue in upcoming days. GUARGUM OCT. 16250 16400 15730 15870 -1.37 11148 15038 INTRADAY LEVELS SUPPORT SUPP. 1 15620 SUPP. 2 15370 PIVOT 16010 RESISTANCE RES. 1 16260 RES. 2 16650 Guargum Short term trend is up, Expecting price may go up in coming days. Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  3. 3. YOUR MINTVISORY Call us at +91-731-6642300 NCDEX INDICES FUNDAMENTAL AND MANDI REPORT Index Value Pre. Close CastorSeed 4260 4308 Chana 2870 2897 Coriander 11400 11567 Cotton Seed Oilcake 1750 1740 Guarseed 5525 5405 Jeera 11145 11130 Mustard seed 3434 3525 SoyBean 3510 3656 Sugar M Grade 3080 3077 Turmeric 6450 6430 % Change -1.11 -0.93 -1.44 0.57 2.22 0.13 -2.58 -3.99 0.1 0.31 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % SOYABEAN 20-10-2014 3510.00 -138.00 -3.78% SHANKAR KAPAS 31-12-2014 996.00 -30.50 -2.97% RAPESEED-MUSTARD SEED 20-08-2014 3434.00 -83.00 -2.36% REFINED SOYOIL 20-08-2014 656.60 -8.80 -1.32% CASTORSEED NEW 20-08-2014 4260.00 -37.00 -0.86% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-08-2014 11400.00 42.00 0.37% TURMERIC 20-08-2014 6450.00 24.00 0.37% COTTON SEED OIL CAKE AKOLA 20-08-2014 1750.00 5.00 0.29% Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  4. 4. YOUR MINTVISORY Call us at +91-731-6642300 COMMODITIES IN NEWS CORIANDER Coriander prices fell by 1.75 per cent on Thursday at the National Commodity & De- rivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for August 2014 contract were trading at Rs. 11,365 per quintal, down by 1.75 per cent, after open- ing at Rs. 11,330 against the previous closing price of Rs. 11,567. It touched the intra- day low of Rs. 11,300 till the tradesman in the market. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scan dinavianing. (At 11.33 AM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish JEERA Jeera futures pared the previous gains on short selling on improved arrivals, weak de- mand amid on technical cues. The NCDEX Jeera September delivery settled the day at Rs 11,225, down Rs 85 or 0.75%. Selling extended in spot Jeera amid lack of demand at elevated levels following rising arrivals. The total stocks in local mandies were almost double of the previous year's level of 35 lakh bags due to record production in the cur- rent year. The NCDEX Jeera September delivery ended the day at Rs 11,225, down Rs 85 or 0.75% and the open interest added 129 tones to 8,088 tones, indicating short selling. SOYABEAN According to ministry of agriculture, Kharif soybean sowing area has progressed to 107.77 lakh hectares as on 14 August 2014, but is still 10.96% lower than the 121.04 lakh hectares sown by this time last year. Rains during the last 2-3 weeks support the sowing pace over key growing belts and the numbers are likely to improve in the days ahead. State wise details, in MP soybean has been sown in 56.59 lakh hectares, in Maharashtra sowing reached to 35.12 lakh hectares and in Rajasthan sowing reached to 8.16 lakh hectares. This index rose by 2.7 percent due to a spike in certain food articles like fruits & vegetables, wheat and poultry & meat products. ECONOMIC NEWS  The July wholesale price inflation (WPI) came in at 5.19 percent (provisional), marginally higher than CNBC-TV18 poll of 5.16 percent. The 2013 July wholesale price inflation stood higher at 5.85 percent. Alongside, the government has revised May inflation numbers higher at 6.18 percent, marking it the third revision of prices in recent months. However, July core inflation declined to 3.32 percent against 3.9 per- cent in the previous month. The movement of the in- dex for the various commodity groups is summarized below Primary Articles (Weight 20.12 percent): This index rose by 2.7 percent due to a spike in certain food articles like fruits & vegetables, wheat and poultry & meat products.  However, Primary Articles inflation saw a slight de- cline to 6.78 percent versus 6.84 percent (MoM). The non-food articles index rose marginally by 0.8 percent. Food Article Index: This index rose to 3.56 percent in July whereas food articles inflation grew to 8.43 per- cent Vs 8.14 percent (MoM). Fuel & Power (Weight 14.91 percent): The index for this major group rose by 1.1 percent since June due to higher petrol, high speed diesel and aviation turbine fuel prices. But fuel and power group inflation declined to 7.40 percent from 9.04 percent in June. Manufactured Products Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  5. 5. YOUR MINTVISORY Call us at +91-731-6642300 FUNDAMENTAL AND MANDI REPORT CHANA National Market Report India's food production is estimated at 264.77 mn tons in 2013-14 compared to 257.13 mn tons in 2012-13 while kharif crop sowing till August 14 has risen to 876.70 lakh hectares. The production estimates for major crops for 2013-14 are as follows: Total food grains – 264.77 million tonnes -Rice – 106.54 million tonnes -Wheat – 95.91 million tonnes -Coarse Cereals – 43.05 million tonnes -Maize – 24.35 million tonnes -Pulses – 19.27 million tonnes -Tur – 3.29 million tonnes -Urad – 1.51 million tonnes -Moong – 1.50 million tonnes -Gram – 9.88 million tonnes -Oilseeds – 32.87 million tonnes International Update NCDEX Chana futures price corrected, across contracts on dull buying. Valid Chana stocks at NCDEX warehouse reported around 117884tons lower by 38tons as on 11thAustralian Chana C&F price was around $530/535/ton. At Mumbai local market Australian Chana traded steady at Rs.3050/quintal. Around 5containers (100tons) of Australian Chickpeas arrived at Nhava Sheva port on 12/8/2014. Around 34containers (680tons) of Tanzania Chana dal, 10containers (200tons) of Ukraine Kabuli Chana arrived at Nhava Sheva port on 11/8/2014. At Chennai port, around 8containers (160tons) of Chickpeas arrived on At Australian local market Chana traded stable, 14/15 Chana crop traded at Mackay, Gladstone, Brisbane and Newcastle reported at A$415/ton, A$420/ton for Sep-Oct shipment and at A$440/ ton and at A$435/ton for Oct-Nov shipment. 13/14 and 14/15 chickpea crop quoted at A$445/ton and A$450/ton respectively. STOCK POSITION AT NCDEX WAREHOUSES Chana Price (Rs/qtl) in Major Spot Markets DETAILS MARKET 13-AUG 14-AUG (+/-) CHG Chana(Rajasthan) Delhi 2950 2950 0 Chana(MP) 2925 2925 0 Chana (Kantewala) Indore 2962 2958 -4 Chana (Mausami) 3038 3038 0 Chana (Vijay variety) Amravati 3000 3000 0 Chana (Vijay variety) Akola 2850 2825 -25 Chana (Local) Latur 3200 3100 -100 Chana(Local) Jaipur 2925 2925 0 Chana(Local) Jodhpur 2850 2850 0 Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  6. 6. YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY NAME LOCATION PRICE Castor Seed Disa 4281 Castor Seed 1 MT Disa 4281 Chana Bikaner 2830 Chana Delhi 2944.2 Chana Indore 2946.25 Chana 1 MT Delhi 2944.2 Chilli Guntur 7338.45 Chilli Teja Khammam 10340 Coriander Kota 11113.65 Cotton Kadi 18764.05 Cotton Seed (Industrial Grade) Akola 2300 Cotton Seed Oilcake Akola 1796.65 Cotton Seed Oilcake Kadi 1827.1 Crude Palm Oil Kandla 518.75 Guar Gum Jodhpur 15413.3 Guar Seed 10 MT Jodhpur 5600 Guarseed Jodhpur 5600 Guarseed Bikaner 5500 COMMODITY NAME LOCATION PRICE Mustardseed Jaipur 3650 Mustardseed Alwar 3680.8 Ref Soya Oil Nagpur 669.9 Ref Soya Oil Indore 661.85 Ref Soya Oil Mumbai 651 RUBBER_NEW Kochi 13050 Soy Bean Kota 3923 Soy Bean Indore 3940 Soy Bean Nagpur 4080 Steel Long Mandi Gobindgarh 33650 Steel Long Commercial Thane 30800 Sugar M Grade Kolhapur 3070.7 Sugar M Grade Kanpur 3320 Sugar M Grade Erode 3173 Sugar M Grade Muzaffar Nagar 3295.45 SPOT QUOTES Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  7. 7. YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SELL BELOW 11575 TGT 11545-11495 SL 11625 BUY ABOVE 11725 TGT 11755-11805 SL 11675 SELL BELOW 15750 TGT 15700-15600 SL 15840 BUY ABOVE 16100 TGT 16150 –15250 SL 16010 SELL BELOW 4270 TGT 4240-4190 SL 4320 BUY ABOVE 4320 TGT 4350-4400 SL 4270 SELL BELOW 3480 TGT 3450-3400 SL 3530 BUY ABOVE 3570 TGT 3600-3650 SL 3520 DHANIYA (SEP.) GUARGUM (OCT.) SOYABEAN (OCT.)CASTORSEED (SEP.) Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  8. 8. YOUR MINTVISORY Call us at +91-731-6642300 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 re- sponsibility (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 es- timates 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 ex- pressed 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. DISCLAIMER Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)