Issuu on Google+

DAILY AGRI REPORT 02-JUN-2014


NCDEX DAILY Newsletter

AGRI COMMODITY DAILY WRAP UP‌..!!!! CHANA FUTURE Chana prices rose by 1.17% to Rs 2,855 per quintal in futures trade today as traders enlarged their holdings driven by rising demand in spot markets.At the National Commodity and Derivatives Exchange, chana for June delivery rose by Rs 33, or 1.17%, to Rs 2,855 per quintal, with an open interest for 92,170 lots. Similarly, chana for delivery in July increased by Rs 32, or 1.11%, to Rs 2,918 per quintal, with an open interest of 1,08,490 lots.Traders said the rise in chana prices at futures trade was mostly on the back of fresh positions created by speculators supported by rising demand in the spot markets. CARDAMUM FUTURE Cardamom prices rose by Rs 8.70 to Rs 921 per kg in futures trade today, largely in tandem with a firming trend in spot markets on rising demand amid restricted arrivals.On the Multi Commodity Exchange, cardamom for July delivery surged by Rs 8.70, or 0.95 per cent, to Rs 921 per kg in a business volume of 171 lots. The June contract gained Rs 2.40, or 0.26 per cent, to Rs 910 per kg in a business volume of 198 lots. Traders said pick-up in demand in the spot markets against restricted arrivals from producing regions, influenced cardamom prices in futures trade. MAIZE FUTURE Maize prices rose by Rs 20 to Rs 1,130 per quintal in futures trading today largely in line with rising demand at spot market. At the National Commodity and Derivatives Exchange counter, maize for the delivery in June shot up by Rs 20, or 1.80%, to Rs 1,130 per quintal, with an open interest of 23,110 lots. Similarly, the July contracts also traded Rs 16, or 1.39%, higher at Rs 1,164 per quintal, with an open interest of 35,830 lots. Marketmen said rise in demand against restricted supplies in physical markets mainly pushed up the rise in maize prices in futures trade.

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

4


NCDEX DAILY Newsletter

NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART

Dhaniya jun daily chart Consolidating in upper range trend is bullish,trend is bullish RSI is in mid range Immediate support @ 9396 & Immediate resistance @ 9530.

R1-9554

R2-9602

PP-9481

S1-9433

S2-9360

TRADING STRATEGY: BUY DHANIYA JUN ABOVE 9540 TGTS 9560,9600 SL 9505 SELL DHANIYA JUN BELOW 9450 TGTS 9430,9400 SL 9485

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

4


NCDEX DAILY Newsletter

NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART

Guarseed daily chart, Price had taker support at 5150 level. expecting from here onwards guarseed price may go up Momentum indicators RSI is above mid range. In intraday basis immediate support @ 5131 & immediate resistance @ 5300.

R1-5312

R2-5383

PP-5203

S1-5131

S2-5023

ITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED JUN ABOVE 5280 TGTS 5310,5350 SL 5385 SELL GUARSEED JUN BELOW 5170 TGTS 5340,5100 SL 5220R

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 +91 97521 99966 Or give us a missed call at 026 5309 0639

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

4


Daily agri report 02 jun 2014 by epic research