Weekly agri-report5-aug-2013


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Weekly agri-report5-aug-2013

  1. 1. NCDEX AGRI COMMODITIES WEEKLY REPORT EPIC Research Report This Report contains all the study and strategy required by trader to trade on NCDEX AGRI commodities. Refer to the chart attracted in the Report to take proper Trading Decision. Research Analyst: VISHAL GILL INDEX WATCH: 1. NCDEX Agri Commodity Weekly Wrap Up. 2. NCDEX Oil and Oil Seeds Weekly Technical Chart And Level. 3. NCDEX Pulses Weekly Technical Chart and Level. 4. NCDEX Spices Weekly Technical Chart and Level. 5. Company Disclaimer. 6. Contact Details.
  3. 3. NCDEX WEEKLY Newsletter (5-Aug 2013) 2 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 AGRI COMMODITY WEEKLY WRAP UP…..!!!! Uncertainty prevails in chana market. The downtrend continued in chana with prices of chana (kanta) declining to Rs 2,775-2,800 a quintal (Rs 2,825-50) on slack demand and buying support in local mandis on Tuesday. Similarly chana (desi) declined to Rs 2,650, chana (mausmi) Rs 3,000-3,200, while Kabuli Bitki slipped to Rs 2,700-Rs 2,800. Compared to last week, chana (kanta) is down Rs 75-Rs 100 a quintal. In the past fortnight or so, chana prices have tumbled by almost Rs 350-400.With chana prices dropping sharply all of a sudden, uncertainty prevail in the market on where the commodity is headed. Jeera futures gain 0.79 pc as demand . Jeera prices gained 0.79 per cent to Rs 13,130 per quintal in futures market today as speculators created fresh positions following pick up in Demand in spot market amid lower arrivals. At the National Commodity and Derivatives Exchange, jeera for delivery in August rose by Rs 102.50, or 0.79 per cent to Rs 13,130 per quintal with open interest of 8,253 lots. Similarly, the spice for delivery in September traded higher by Rs 70, or 0.53 per cent to Rs 13,255 per quintal in 9,297 lots. Castor seed down 1.7% on selling pressure. Castor seed prices fell by Rs 61 to Rs 3,451 per quintal in futures trade today on the back of fresh selling by traders on weak physical markets Sentiment.Marketmen said fall in demand and increased arrivals in spot markets mainly led the fall here in futures price of castorseed.At the National Commodity and Derivative Exchange, castor seed prices for November delivery dipped by Rs 61, or 1.74%, to Rs 3,451 per quintal, with an open interest of 4,280 lots.
  4. 4. NCDEX WEEKLY Newsletter (5-Aug 2013) 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 NCDEX OIL & OIL SEEDS WEEKLY TECHNICAL LEVELS CASTOR SEED DAILY CANDLESTICK CHART TRADING STRATEGY: CASTORSEED LOOKS IN CONSOLIDATE TREND ……. Immedaite Resistance @ 3440 and Support @ 3100 1. Sell CASTORSEED AUG below 3180 TG 3130,3100 SL 3300 2. Buy CASTORSEED AUG above 3350 TG 3400,3500 SL 3200
  5. 5. NCDEX WEEKLY Newsletter (5-Aug 2013) 4 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 NCDEX PULSES WEEKLY TECHNICAL LEVELS CHANA DAILY CANDLESTICK CHART TRADING STRATEGY: CHANA NCDEX AUG IS IN BULLISH TREND AND CAN GO UP TO THE LEVEL OF 3000. Immediate Resistance @ 2950 and Support @ 2570 1. Buy CHANA AUG above 2780 TG 2850,2950 SL 2650 2. Sell CHANA AUG below 2570 TG 2500,2380 SL 2700
  6. 6. NCDEX WEEKLY Newsletter (5-Aug 2013) 5 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 NCDEX SPICES WEEKLY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART TRADING STRATEGY: DHANIYA NCDEX AUG IS IN BEARISH TREND CAN GO DOWN UP TO THE LEVEL OF 4760 Immediate Resistance @ 5600 And Support @ 5000 1. Buy DHANIYA AUG above 5380 TG 5450,5550 SL 5250 2. Sell DHANIYA AUG below 5100 TG 5030,4900 SL 5250
  7. 7. NCDEX WEEKLY Newsletter (5-Aug 2013) 6 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 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.
  8. 8. NCDEX WEEKLY Newsletter (5-Aug 2013) 7 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 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 Alternate: +91 731 664 2320 / 2226 +91 97521 99966 Or give us a missed call at 026 5309 0639