Daily agri report by epic research 20 aug 2014


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Daily agri report by epic research 20 aug 2014

  1. 1. YOUR MINTVISORY Call us at +91-731-6642300 DAILY AGRI COMMODITY REPORT 20th 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. 11644 11791 11612 11722 +1.10 38750 23940 INTRADAY LEVELS SUPPORT SUPP. 1 11614 SUPP. 2 11507 PIVOT 11703 RESISTANCE RES. 1 11810 RES. 2 11899 Dhaniya 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. 4164 4238 4148 4218 +1.30 18075 114300 INTRADAY LEVELS SUPPORT SUPP. 1 4236 SUPP. 2 4187 PIVOT 4270 RESISTANCE RES. 1 4319 RES. 2 4353 Castorseed Short term trend is down. Price expected to go down in coming days . SOYABEAN OCT. 3440 3488 3372 3421 -0.58 73740 84080 INTRADAY LEVELS SUPPORT SUPP. 1 3366 SUPP. 2 3311 PIVOT 3427 RESISTANCE RES. 1 3482 RES. 2 3543 Soyabean price is in down trend and may continue in upcoming days. GUARGUM OCT. 16490 17060 16490 17000 +3.60 12316 12346 INTRADAY LEVELS SUPPORT SUPP. 1 16640 SUPP. 2 16280 PIVOT 16850 RESISTANCE RES. 1 17210 RES. 2 17420 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 4218 4164 Chana 2980 2909 Coriander 11722 11595 Cotton Seed Oilcake 1826 1801 Guarseed 5840 5630 Jeera 11345 11195 Mustard seed 3421 3399 SoyBean 3421 3441 Sugar M Grade 3085 3088 Turmeric 6634 6544 % Change 1.3 2.44 1.1 1.39 3.73 1.34 0.65 -0.58 -0.10 1.38 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % SHANKAR KAPAS 31-12-2014 946.00 -20.50 -2.12% SOYABEAN 20-10-2014 3421.00 -20.00 -0.58% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANG E % CHANA 20-08-2014 2954.00 72.00 2.50% JEERA 20-08-2014 11365.00 220.00 1.97% CASTOR SEED NEW 20-08-2014 4173.00 53.00 1.29% COTTON SEED OIL CAKE AKOLA 20-08-2014 1785.00 22.00 1.25% GUR 19-09-2014 1151.00 9.50 0.83% 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 CHANA Chana prices closed higher 0.91 per cent on Monday at the National Commodity & De- rivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the com- modity on account of the good demand in the market. At the NCDEX, Chana futures for August 2014 contract closed at Rs. 2,892 per quintal, up by 0.91 per cent, after opening at Rs. 2,874 against the previous closing price of Rs. 2,866. It touched the intra-day high of Rs. 2,892.Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the Chana prices. India is the largest pro- ducer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tones and contributes around 70 per cent of the total world production. CORIANDER Cardamom futures for September 2014 contract were trading at Rs 958.10 per kg, up by 0.25 per cent, after opening at Rs. 956 against the previous closing price of Rs. 955.70. It touched the intra-day high of Rs. 961 till the trading. (At 10.30 AM today).Sentiment improved further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh. Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while about 90 per cent of the produce is consumed within the nation. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala. CARDAMOM Coriander prices rose by 0.97 per cent on Tuesday at the National Commodity & Deriva- tives Exchange Limited (NCDEX) as a result of the limited stocks on account of re- stricted arrivals from the major growing belts. At the NCDEX, coriander futures for Au- gust 2014 contract was trading at Rs. 11,548 per quintal, up by 0.97 per cent after open- ing at Rs. 11,499 against the previous closing price of Rs. 11,437. It touched the intra- day high of Rs. 11,548 till the trading. (At 11.20 AM today). Sentiment improved further as the investors enlarged their holdings tracking the surge in the demand for the com- modity. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterra- nean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandina- vian cuisine. ECONOMIC NEWS The death toll in floods that have hit parts of Uttar Pradesh, Bihar, Assam and Uttarakhand has been put at 100, although that's seen as conservative, while more than 20 lakh people may still be marooned. Nearly 50,000 have been rescued, ac- cording to estimates. The number of people who have died could rise once rescue operations are completed. National Disaster Response Force relief teams in the flood-hit states are moving people to safer areas, A cloud burst in Uttarakhand left a massive swathe of destruction, washing away homes and schools, besides leaving villages and farms submerged af- ter flash floods. Areas in Uttar Pradesh, Bihar and Assam were inundated as rivers overflowed after Nepal was forced to open dam gates upstream. At least 50 people are estimated to have died in Uttarakhand. Officials in neighboring Uttar Pradesh state reported 34 deaths while nine are said to have died in Bihar. Farmers are trying to cope with the situation where possible. "It's a chal- lenging situation with 120 villages hit by the floods. We esti- mate over 25,000 hectares largely under paddy to be im- pacted. Sugarcane crop is unlikely to see any major loss," said Amrit Lal Meena, agriculture secretary, Bihar. Farmers in these villages could sow short-duration paddy or opt for early rabi sowing of maize, pulses --masur, chana--and oilseeds such as mustard, he said. 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 CASTORSEED National Market Report Castor seed market continued to reel under pressure due to higher cov- erage area, lower demand and sluggish trading activities. Market re- mained closed due to continuous holidays last week and it’s impact re- mains visible in cash and futures market .Short term outlook remains bearish and nearby futures contact may test 4100 soon. However, buy- ers may start buying at lower level and it would be supportive for the market August onward. higher than last year (4.89 lakh ha.) till date. Normal area for whole kharif season is 10.37 lakh ha. Area under castor seed is likely to increase at least by 9 to 10 percent International Update FoB quote for castor oil at Kandla has increased from $1430 to $1440 for export in last three days. Price has increased almost $10 per tonne today despite lower quotes for seed. Buy- ers like China,EU and Japan may enter in to the market in second half of August for bulk buying. Demand for castor meal continues from EU, USA and China. However, recent dip has slowed down fresh deal for the same. As buyers remain inactive FOB price is bound to stay steady in the third week of August. Export quote for meal increased slightly by $2 to $108 per tonne today. Price of castor oil in Rotterdam too has decreased from $1755to $1705 STOCK POSITION AT NCDEX WAREHOUSES Commodity/center 19-Aug-14 16-Aug-14 Change Rajasthan 3800 4000 -200 Gujrat 3925 4100 -175 Sumerpur 3900 3950 -50 MARKET 19-Aug-14 16-Aug-14 Change SUMERPUR 80 80 UNCH JODHPUR 240 400 -160 RAJKOT CLOSED CLOSED - GONDAL CLOSED CLOSED - DEESA NR 1600 - 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 Bajra Jaipur 1230 Barley Jaipur 1478.35 Castor Seed Disa 4221.65 Castor Seed 1 MT Disa 4221.65 Chana Bikaner 2880 Chana Delhi 2977.2 Chana Indore 2979.75 Chana 1 MT Delhi 2977.2 Chilli Guntur 7375 Chilli Teja Khammam 10353.85 Copper Cathode Mumbai 415.4 Coriander Kota 11055.55 COMMODITY NAME LOCATION PRICE Ref Soya Oil Nagpur 659 Ref Soya Oil Indore 646.6 Ref Soya Oil Mumbai 640.5 Soy Bean Kota 3871.2 Soy Bean Indore 3879 Soy Bean Nagpur 3978 Sugar M Grade Kolhapur 3084.5 Sugar M Grade Kanpur 3300 Sugar M Grade Erode 3173 Sugar M Grade Muzaffar Nagar 3291 Sugar M Grade Delhi 3302.5 Wheat New Indore 1610 Wheat New Bareilly 1567.5 Wheat New Kanpur 1535 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 11685 TGT 11655 -11605 SL 11732 BUY ABOVE 11820 TGT 11850-11900 SL 11770 SELL BELOW 16900TGT 16850 -16750 SL 16990 BUY ABOVE 17060 TGT 17110 –17210 SL 17070 SELL BELOW 4205 TGT 4175-4125 SL 4255 BUY ABOVE 4245 TGT 4275 -4325 SL 4205 SELL BELOW 3360 TGT 3330-3280 SL 3410 BUY ABOVE 3435 TGT 3465-3515 SL 3385 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/)