Daily agri report by epic research 28 aug 2014


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Daily agri report by epic research 28 aug 2014

  1. 1. YOUR MINTVISORY Call us at +91-731-6642300 DAILY AGRI COMMODITY REPORT 28th 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 11992 12038 11791 11810 -1.30 25870 23720 INTRADAY LEVELS SUPPORT SUPP. 1 11721 SUPP. 2 11633 PIVOT 11880 RESIS- TANCE RES. 1 11968 RES. 2 12127 Dhaniya short term trend is down, and furthermore down is expected in coming days. MONTH OPEN HIGH LOW CLOS E % CHANGE OI (in lots) VOL CASTORSEED SEP 4170 4191 4150 4166 0.17 142740 77070 INTRADAY LEVELS SUPPORT SUPP. 1 4147 SUPP. 2 4128 PIVOT 4169 RESIS- TANCE RES. 1 4188 RES. 2 4210 Castorseed Short term trend is down. Price expected to go down in coming days . TURMERIC SEP. 6528 6536 6390 6450 -0.86 14345 7615 INTRADAY LEVELS SUPPORT SUPP. 1 6384 SUPP. 2 6318 PIVOT 6460 RESISTANCE RES. 1 6526 RES. 2 6602 Turmeric price is in down trend and may continue in upcoming days. GUARGUM OCT. 16500 16670 16130 16190 -1.40 10896 14237 INTRADAY LEVELS SUPPORT SUPP. 1 15990 SUPP. 2 15790 PIVOT 16330 RESIS- TANCE RES. 1 16530 RES. 2 16870 Guargum Short term trend is down, Expecting price may go down 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 FUNDAMENTALAND MANDI REPORT Index Value Pre. Close % Change CASTORSEED 4166 4159 0.17 CHANA 2820 2856 -1.26 CORIANDER 11810 11965 -1.30 COTTON SEED 1772 1766 0.34 JEERA 11175 11150 0.22 MUSTARD SEED 3521 3569 -1.34 SOYABEAN 3330 3339 -0.27 TURMERIC 6450 6506 -0.86 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANG E CHANGE % RAPESEED-MUSTARD SEED 19-09-2014 3521.00 -48.00 -1.34% CORIANDER 19-09-2014 11810.00 -155.00 -1.30% CHANA 19-09-2014 2820.00 -36.00 -1.26% TURMERIC 19-09-2014 6450.00 -56.00 -0.86% SOYABEAN 20-10-2014 3330.00 -9.00 -0.27% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANG E CHANGE % LIGHT SWEET CRUDE OIL 19-09-2014 5744.00 29.00 0.51% COTTON SEED OIL CAKE AKOLA 19-09-2014 1770.00 4.00 0.23% JEERA 19-09-2014 11175.00 25.00 0.22% GUR 19-09-2014 1126.00 2.00 0.18% CASTOR SEED NEW 19-09-2014 4166.00 7.00 0.17% 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 ECONOMIC NEWS  The commodity derivatives market regulator (FMC), has proposed uniform criteria for all warehouse service pro- viders in a draft set of guidelines. It has invited feedback till September 15. It has come to know that there is no uniformity in norms among nationwide multi commod- ity exchanges for accreditation of WSP The Commission has been discussing this issue with the exchanges and other stake holders, so that warehouses conform to cer- tain minimum uniform standards. FMC has suggested a credible WSP promoter or promoter group can get ex- change accreditation only after completion of three years in this business. Plus, minimum net worth of Rs 5Cr.for a single commodity and Rs 10Cr. for multiple commodities to be eligible  Pomegranate prices have dropped to almost half of the previous year's levels in Maharashtra, the top producer and exporter of the fruit that is an excellent source of dietary fiber and vitamins.Higher supplies, a decline in exports and inferior quality because of an erratic climate have led to the price drop, say growers. Pomegranate acreage has increased substantially in Maharashtra as the fruit commanded premium prices in domestic as well as export markets.  Castorseed prices rose by 0.07 per cent on Wednesday at the NCDEX as a result of the rise in demand from consuming industries against re- stricted arrivals in domestic markets which in turn encouraged the inves- tors to  Cardamom prices spurted by 1.52% to Rs 939.90 per kg in futures trad- ing today as speculators enlarged positions supported by rising demand in the spot market. enlarge their holdings  The sowing of onion in Maharashtra which is still lagging for the cur- rent kharif season compared to that of the last, has vigorously picked up last week due to consistent rainfall in the state.  Jeera prices rose 0.54% to Rs 11,210 per quintal in futures trade today as participants created speculative positions amid pick up in demand in the spot market.  Turmeric settled up 0.43% at 6506 as a delay in sowing due to late mon- soon rains have raised concerns about lower production  Sugar futures recovered on short coverings on NCDEX but negative trend is likely for the commodity Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  5. 5. YOUR MINTVISORY Call us at +91-731-6642300 FUNDAMENTALAND MANDI REPORT CASTORSEED National Market Report  The Govt had raised sugar import duty from 15% to 25% on both raw as well as refined sugar. The move was taken to relieve the ailing sugar in- dustry which was struggling hard to match up with the higher cane prices and lower market price for their product. Meanwhile, it is also ex- pected to resolve the problem of accumulated cane arrears in the country which stands at about Rs 6800 crores.  Gur prices witness artificial firmness at present and likely move down in the coming days due to good stock availability in the Maharashtra mar- kets. It is notable that cane has diverted more towards gur production in Pune and Sangli area this year. In addition to it, market participants is expecting early arrivals of gur for the next marketing year which drive the prices southwards in the medium term International Update  Brazilian cane production estimate for center-south region declined 6% from 580 million tons to 546 million tons for 2014-15. Fluctuating weather condition coupled with lengthening of intra-harvest period could be cited responsible for the change in estimation.  ISO estimated a global surplus in sugar market with production (183.8 million tons) outpacing consumption (182.4 million tons) by 1.3 million tons for 2014-15.  With a 29% surge in import, Indonesia is likely to emerge as the top raw sugar importer in the world by 2015. Moreover, import shipment of 3.6 million metric tons of sugar to the country is expected in 2015 as com- pared to 2.8 million tons this year. MARKET 20-Aug-14 19-Aug-14 MADHYA PRADESH 22000 20000 MAHARASTRA 3000 8000 STOCK POSITION AT NCDEX WAREHOUSES CENTER 27-Aug-14 26-Aug-14 %Change DELHI 3250 3260 -10 DHAMPUR 3215 3215 UNCH MUMBAI 3340 3340 UNCH VIJAYWADA 3540 3540 UNCH NAGPUR 3350 3350 UNCH KOLKATA 3310 3330 -20 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 1250 Barley Jaipur 1488.55 Castor Seed Disa 4210 Castor Seed 1 MT Disa 4210 Chana Bikaner 2785 Chana Delhi 2915.3 Chana Indore 2885.45 Chana 1 MT Delhi 2915.3 Chilli Guntur 7492.3 Chilli Teja Khammam 10393.75 Copper Cathode Mumbai 424.2 Coriander Kota 11285.7 COMMODITY NAME LOCATION PRICE Cotton Seed Oilcake Kadi 1830.2 Crude Palm Oil Kandla 486.85 Guar Seed 10 MT Jodhpur 5712.5 Guarseed Jodhpur 5712.5 Guarseed Bikaner 5675 Gur Muzaffar Nagar 1134.5 Jeera Unjha 11233 Mustardseed Jaipur 3688.25 Mustardseed Alwar 3713 Pepper Kochi 71850 Ref Soya Oil Nagpur 632.5 Ref Soya Oil Indore 626.35 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 DHANIYA (SEP) BELOW 11780 TGT 11750-11700 SL 11820 SELL GUARGUM (OCT ) BELOW 16130 TGT 16080-15980 SL 16220 SELL CASTORSEED (SEP) BELOW 4130 TGT 4100-4050 SL 4180 BUY TERMERIC (SEP) ABOVE 6540 TGT 6590-6690 SL 6450 DHANIYA (SEP.) GUARGUM (OCT.) TURMERIC(SEP.)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/)