Weekly agri-report by epic research 4 feb 2013

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Weekly agri-report by epic research 4 feb 2013

  1. 1.  WEEKLY AGRI REPORT 4TH JANUARY 2013WWW.EPICRESEARCH.CO 9752199966
  2. 2.  HEADLINES  NCDEX Soybean has resistance at Rs 3294.67 On the National Commodity & Derivatives Exchange, soy futures today ended marginally up on late session recovery responding to fall in rupee from early highs against the dollar. Rupee has inverse correlation with soyoil due to Indias heavy dependence on dollar denominated imports of edible oils. Crude palm oil futures on MCX ended in the red factoring the rise in rupee, coupled with weak winter season demand for the cheapest edible oil, which has a  TRADING TIP: tendency to crystallize in low temperatures. Mustard futures ended lower on improved crop output prospects  BUY JEERA MAR due to the over 2% rise in acreage and favorable weather in north India. Soybean prices across markets were ABOVE 13810 marginally down in absence of cues from futures market, TGTS which remained flat. 13950/14100 EXPERT OPINION SL 13640 STOCK S1 S2 R1 R2  SELL CHANA CHANA 3,421 3,367 3,578 3,681 APR BELOW RM SEED 3,419 3,373 3,504 3,543 3480 TGTS SOYABEAN 3,185 3,105 3,305 3,345 3440/3400 JEERA 13,387 12,980 14,099 14,404 SL 3520www.epicresearch.co 9752199966
  3. 3. PRODUCT EXP DATE  WEEKLY MARKET ANALYSISCHG OPEN HIGH LOW CLOSE LTP PERCENTAGE NAME CHANGE  Pepper CHANA Pepper 7/19/2012 prices weakened by Rs 90 to Rs 36,855 4560 quintal in futures trade -0.61 as 4556 4573 4525 per 4532 -28 today speculators reduced their positions after fall in demand at prevailing higher levels in the spot market.7/19/2012 expectations 5060 CHILLI However, 5060 of higher 5018 output also put pressure on pepper prices. At the 5120 5018 -102 -1.99 National Commodity and Derivatives Exchange, pepper for delivery in March month declined GUR Rs 90, or 0.24 per cent to Rs 36,855 per quintal with an open interest of 1,670 lots. by 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46  Chilli7/19/2012 JEERA 14955 14960 14650 15052.5 14800 -252.5 -1.68 Chilli prices rose by Rs 100 per quintal in the national capital today, largely on the back of a KAPAS pick-up7/19/2012 from local parties as well as overseas enquiries. Firming trend in futures in demand 1044 1053 1035 1049 1041 -8 -0.76 market also supported the uptrend in select spice prices. Red chilli prices rose by Rs 100 to PEPPER settle at7/19/2012 42300 42555 Rs 6,500-11,500 per quintal. 42250 42390 42435 45 0.11  TurmericREF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 Turmeric prices declined by Rs 36 to Rs 6,406 per quintal in futures market today owing toSOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 subdued demand in the spot market against sufficient supplies. At the National Commodity and Derivatives Exchange, turmeric for delivery in May declined by Rs 36, or 0.56 per cent toTURMERIC6,406 per quintal 4600 an open interest of 7,565 lots. Likewise, the -124 for delivery in Rs 7/19/2012 with 4676 4518 4664 4540 spice -2.66 April contract traded lower by Rs 32, or 0.50 per cent to Rs 6,310 per quintal in 27,860 lots. WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89  Jeera  Jeera prices fell by 0.93 per cent to Rs 13,527.50 per quintal in futures trading today as speculators trimmed positions largely on hopes of higher output this year. At the National Commodity and Derivatives Exchange, Jeera for delivery in April fell by Rs 127.50, or 0.93 per cent to Rs 13,527.50 per quintal with an open interest of 5,688 lots. Similarly, the spice for delivery in the March contract declined by Rs 125, or 0.92 per cent, to Rs 13,440 per quintal in 11,466 lots. Market analysts said, off-loading of positions by speculators on hopes of higher output this year due to favorable weather conditions in producing states mainly put pressure on jeera prices at futures trade.www.epicresearch.co 9752199966
  4. 4.  WEEKLY SOYABEAN CHARTANALYSISOPEN: 3204HIGH: 3265LOW: 3145CLOSE: 3264  SOYABEAN LOOKS UPWARDS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS www.epicresearch.co 9752199966
  5. 5.  WEEKLY CHANA CHARTANALYSISOPEN: 3614HIGH: 3627LOW: 3470CLOSE: 3476  CHANA LOOKS DOWNWARDS  TREND: CONSOLIDATED  STRATEGY: SELL ON RISEwww.epicresearch.co 9752199966
  6. 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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