Issuu on Google+

DAILY AGRI REPORT 26-MAR-2014


NCDEX DAILY Newsletter

AGRI COMMODITY DAILY WRAP UP‌..!!!! SOYABEAN FUTURE Soybean futures are expected to trade on a mixed to negative note tracking weakness in the overseas markets and weak soy meal export demand. Soybean markets remained sideways with some demand from crushers in Madhya Pradesh. Firmness in International markets along with a pick up in demand at these lower levels supported the rates for Soybean. CORIANDER FUTURE Coriander futures are likely to trade higher on forecast of lower output due to untimely rains in major producing areas of Madhya Pradesh and Rajasthan. As per market source, extremely low temperatures and unseasonal rains in Madhya Pradesh and Rajasthan have affected 20-25 percent of the total acreage. However, rising supply of new crop in Kota and Ramganj markets might cap major gains. CHANA FUTURE Chana futures are expected to trade on a negative note today. Good sowing reports from MP, UP and Rajasthan amidst high stocks, rise in imports and fall in demand have pressurized Chana rates for last few months. As per ministry of Agriculture reports, sown area for Rabi Pulses is projected at a record high 16.2 million. Significant improvement in yield to move above 900kg/ha was also possible due to conducive weather. GUARSEED FUTURE Higher production reports, better arrivals have ensured a fall in rates over last few weeks. Farmers have started bringing in supplies from the new harvest into local markets. Guar arrivals are picking up, with output expected to rise due to good Monsoon rains in Rajasthan this year.

2|Page WWW.EPICRESEARCH.CO CALL: +917316642300

4


NCDEX DAILY Newsletter

NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

COMMENT:- Dhaniya daily chart price trend shows Bearish. the momentum indicator RSI is below mid range recommending sell on high, Immediate support @ 8750 and immediate resistance @ 8860.

R1-8985, R2-9104; S1-8749 S2-8632 TRADING STRATEGY: BUY DHANIYA APR ABOVE 8860 TGTS 8890,8940 SL 8810 SELL DHANIYA APR BELOW 8750 TGTS 8720,8670 SL 8800

3|Page WWW.EPICRESEARCH.CO CALL: +917316642300

4


NCDEX DAILY Newsletter

NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART

COMMENT:-Guarseed daily chart shows sideways to bearish trend. expecting price will go down momentom indicator RSI is below mid range, recommending sell on high,Immediate support @ 4655 and immediate resistance @4600.

R1-4708

R2-4787

S1-4578

S2-4527

DITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED APR ABOVE 4655 TGTS 4685,4735 SL 4605 SELL GUARSEED APR BELOW 4600 TGTS 4570,4520 SL 4650LAIMER 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300

4


NCDEX DAILY Newsletter

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 tailormade 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.

5|Page WWW.EPICRESEARCH.CO CALL: +917316642300

4


NCDEX DAILY Newsletter

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

6|Page WWW.EPICRESEARCH.CO CALL: +917316642300

4


Daily agri market report 26 march 2014 by epic research