This document is a daily commodity report from Epic Research providing information on commodity prices, volumes and market views for various agricultural commodities traded on the NCDEX. It includes opening, high, low and closing prices for the month as well as intraday support and resistance levels for dhaniya, castorseed, turmeric and guar gum. It also lists the top gaining and losing commodities for the day and provides information on arrivals and news for various commodities including cotton, chana, sugar and others. The report concludes with technical trading recommendations to buy or sell certain commodities.

1. DAILY AGRI COMMODITY REPORT 28 NOVEMBER 2014
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2. Market Views
2
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
DHANIYA
DEC
12985
13080
12890
12980
-0.29
12830
INTRADAY LEVELS
SUPPORT
SUPP.1
12893
SUPP. 2
12806
PIVOT
12977
Dhaniya shortterm trend is down , further more downsideis expected in comimg days.
RESISTANCE
RES. 1
13064
RES. 2
13148
CASTORSEED
DEC
4759
4759
4584
4591
-0.65
106150
INTRADAY LEVELS
SUPPORT
SUPP. 1
4566
SUPP. 2
4541
PIVOT
4609
Castorseed short term trend is down,Prices expected to go down in coming days.
RESISTANCE
RES. 1
4634
RES. 2
4677
TURMERIC
DEC
6540
6550
6472
6530
-0.15
2710
INTRADAY LEVELS
SUPPORT
SUPP. 1
6487
SUPP. 2
6449
PIVOT
6513
Turmeric shortterm trend is up and may continue in coming days.
RESISTANCE
RES. 1
6551
RES. 2
6577
GUARGUM
DEC
13640
13790
13190
12350
-3.50
9043
INTRADAY LEVELS
SUPPORT
SUPP. 1
13030
SUPP. 2
12810
PIVOT
13410
Guargum Short term trend isdown, Expecting price may go downin coming days.
RESISTANCE
RES. 1
13630
RES. 2
14010

3. Most Active Contract
3
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
JEERA
19-12-2014
12300.00
250.00
2.07%
CHANA
19-12-2014
3139.00
34.00
1.10%
RAPESEED-MUSTARD SEED
19-12-2014
3894.00
19.00
0.49%
GUR
19-12-2014
960.00
3.00
0.31%
BARLEY
19-12-2014
1660.00
3.00
0.18%
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
REFINED SOY OIL
19-12-2014
585.20
-9.40
-1.58%
SOYABEAN
19-12-2014
3318.00
-20.00
-0.60%
CORIANDER
19-12-2014
12980.00
-65.00
-0.50%
CASTOR SEED NEW
19-12-2014
4591.00
-9.00
-0.20%
TURMERIC
19-12-2014
6524.00
-10.00
-0.15%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4591
6221
-0.65
CHANA
3139
3107
+1.03
CORIANDER
12980
13018
-0.29
GUARGUM
13250
13730
-3.5
JEERA
12300
12050
+2.07
MUSTARD SEED
3894
3881
+0.33
SOYABEAN
3318
3336
-0.54
TURMERIC
6524
6534
-0.15

4. Commodities In News
4
ECONOMICNEWS
CottonproductioninIndiaisestimatedat40.55millionbalesin2014-15,higherthanpreviousyear's35.5millionbales,theCottonAssociationofIndia(CIA)saidonNovember26. "Cottonproduction,whichwas15.80millionbalesin2001-02, hasmorethandoubledandisestimatedat40.55millionbalesof170kgeachduring2014-15,Thecottonsectorhastakenrapidstridesinacreage,production,productivity,consumptionandexportofcotton,hesaid.TheacreageundercottoninIndiahasincreasedto12.65millionhectaresduring2014-15andIndianowhasashareof37%oftheworld'stotalcottonacreage,Shethsaid.Shethpointedoutthatdespitenumberofachievements,thereareseveralissuesspecificallyconcerningIndiathatdrawseriousattention.Withamassiveacreageofover12.65millionhectares,Indiarequireshugeinfrastructuretoprocesstheincreasedcropsizeofover40millionbales.Themodernisationofginningandpressingfactories,whichwasthekeyfactortoimprovingthestandardofprocessingcottoninIndiatoalargeextent,wasundertakenbythegovernmentundertheTechnologyMissiononcottonseveralyearsbackandneedsimmediatefollow-upinmissionmodetocopewiththeincreasedcropsize."Theproductivitylevel,whichwitnessedamarkedimprovementoveradecadethanksmainlytotheadoptionofGMtechnologyandencouraginggovernmentpolicies,isnowisnowsaturatedandisstillfarbelowtheworldaverage.
Chanaiswitnessinggooddemandandpricesarepickingupstrengthinreadymarketsastradersareeyingtheupcomingrabisowingseason. However,aslightlyweakundertoneinotherpulsesiskeepingtheupsidelimitedforChana.MajorgainsarelikelytoemergeinthecommodityafterDecember.
Localsugarpricesarebeinghitfromlackofdemandinreadymarkets.Oldstocksareunlikelytoseeanybuyingandthoughthemillersaretryingtosellthenewstocksatanelevatedlevel,notmuchofanupsideispossible.
Guardedpricesarewitnessingsomecorrectionasdemandiswaning. Thearrivalsinmajormandiesarehoveringaround1-1.25lakhbangs. Overallscenarioremainslaxafterasteadytrendwaswitnessedinthecommodityafterthemassivearrayoflossesinthelastfewdays.Notmuchofanupsideisseeninthecommodityamidlackofexportdemandforguarmeal.
Jeerapricesaresteadyafteramassivearrayofgainsinlastfewweeks.ThedemandremainsstrongandtherecentboutofweaknessintheIndianRupeeislikelytokeeptheexportsbuoyant.HugedeclineisestimatedinJeerasowinginthecurrentyear.
ExcellentbuyingisemerginginMustardseedandmealmarket. Pricesarewellsupporteddespitethesmashinggainsinlastfewdaysandfurtherupsideispossible.ArrivalsareslackeningandpricesarerulingaroundtheirhighestlevelsinoneyearontightlocalstocksinAugust2014.Mealpricesarequotingaround$270pertonne.

5. 5
FundamentalWatch : Cotton
COTTON ARRIVALS AT KEY SPOT MARKETS National & International Market Update
CottonmarketnoticedmixedtoneonThursday.OutputofcottoninIndiaisexpectedtobearound40.55millionbalesinseason2014- 15,14.22%higherthanthepreviousyear'sproductionof35.5millionbales,saidcottonassociationofIndia(CAI).Notonlyproduction, acreage,yield,consumptionandexporthavealsonoticedariseinlastpreviousyears.Acreageofcottonreported12.65millionhectares10.28%higherwhencomparedtothepreviousyear'sarea.Indiahasgreatpotentialintextileexport,whichiskeepingthemarketprospectshigherforcottoninthecountry.CottonCorporationofIndia(CCI)hasplannedtoprocuresixtylakhbalesofcottonthisseason(Oct'14-Sept'15)withtheoutlayofRs.12000crores.Around8lakhbalesofcottonhavebeenprocuredbyCCIinAndhraPradeshandTelanganasofar.CCIhastiedupwiththeconsortiumof14banks,ledbyBankofBarodainordertocarryouttheprocurementrelatedtransactions.TheshareofIndiaisgettingwiderinapparelexporttoUSA.OnthelesserpricecompetitivenessofChinaandBangladesh,IndiahasnurtureditsmarketshareinapparelexportstoUSA.Indiaexported745millionsquaremetersequivalent(msme)toUSA,duringJanuarytoSeptemberthisyear,7.5%higherwhencomparedtothecorrespondingperiodlastyear.Thedrasticfallincottonpricestoafiveyearlowcouldforcethefarmersworldwidetoswitchfortheothercrops,CottonatICEforMarch2015deliveryhastouchedthelevelof58.53centsperpoundinlateNovember,whichislowestsinceSeptember2009.ThesluggishdemandfromtheChinacouldlimittheworldcottontradeto7.9milliontonnes,11%lowerthisseason2014-15,saidInternationalCottonAdvisoryCommittee(ICAC).TheInternationalCottonAdvisoryCommittee(ICAC)launchedWorldCottonCalendar.
CENTER
27-Nov-14
26-Nov-14
Change
AMRAVATI
700
500
+200
RAJKOT
3200
3925
-725
PATAN
16706
19333
-2627
DEESA
3650
2200
1450
BHIWANI
4000
4000
UNCH
GONDAL
2922
2884
38
RAICHUR
3322
3625
-303

6. Technical Outlook
6
BUY DHANIYA DEC ABOVE 13060 TGTS 13090,13140 SL 13020
BUY GUARGUM DEC ABOVE 13340 TGTS 13390,13490 SL 13250
SELL CASTORSEED DEC BELOW 4585 TGTS 4555,4505 SL 4635
BUY TMC DEC ABOVE 6535 TGTS 6585,6685 SL 6445

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