Page 1

WEEKLY AGRI REPORT 20th MAY 2013

WWW.EPICRESEARCH.CO

9752199966


 HEADLINES  Chana futures up on high demand Chana prices rose by Rs 27, or 0.81 per cent, to Rs 3,350 per quintal in futures market today in line with firm trends at spot market on pick up in demand.

At

the

National

Commodity

and

Derivatives Exchange, chana for delivery in May month rose by Rs 27 to Rs 3350 per quintal with an open

interest

of

6690

lots.

Similarly,

the

commodity for delivery in June contract traded

TRADING TIP:

 SELL DHANIYA JUNE BELOW 6650 TGTS 6600/6550 SL 6700  SELL CHILLI JUNE BELOW 5500 TGTS 5400/5300 SL 5600 www.epicresearch.co

higher by Rs 18, or 0.53 per cent, to Rs 3414 per quintal in 230 lots. Analysts said speculators enlarged their positions, tracking a firm trend at spot market on pickup in demand mainly pushed up chana prices at futures trade.

EXPERT OPINION STOCK

S1

S2

R1

R2

CHANA

3320

3250

3440

3500

RM SEED

3440

3370

3550

3600

SOYABEAN

3970

3930

4100

4180

JEERA

12950

12800

13200

13400

9752199966


PRODUCT NAME

EXP DATE 

OPEN HIGH MARKET LOW CLOSE LTP CHG WEEKLY ANALYSIS

PERCENTAGE CHANGE

 Pepper CHANA 4556 4573 south 4525 4560 -28require -0.61  Pepper 7/19/2012 prices could continue heading on selling pressure4532 as farmers money to

meet the educational needs of their children. With colleges and schools set to open after CHILLI 5060 5018cash on 5120 5018 contract -102 on the-1.99 annual 7/19/2012 vacation, they5060 would require some hand. May NCDEX

decreased by Rs 480 to Rs 35,210 a quintal. Total turnover moved up to 51 tones. Total open GURinterest7/19/2012 1183.5 1178 -5.5 -0.46 dropped by 351188 tons to 941188 tonnes. 1178  Chilli 7/19/2012

JEERA

14955

14960

14650

15052.5

14800

-252.5

-1.68

 Chilli prices fell by 0.25% to Rs 5,650 per quintal in futures trade today as speculators KAPAS 1044 1053output1035 1041 demand. -8 At the-0.76 reduced7/19/2012 positions amid on higher estimates 1049 amid sluggish National Commodity and Derivatives Exchange (NCDEX), chilli for delivery in June fell by Rs 14, or PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 in July slid 0.11 by Rs 0.25%, to Rs 5,650 per quintal in 17,730 lots. Likewise, the spice for delivery 18, or 0.18%, to Rs 5,786 per quintal in 4,205 lots.. REF SOYA

7/19/2012

 Turmeric

780.5

783.6

777.4

782.85

781.3

-1.55

-0.2

SOY BEAN

7/19/2012 4309 4330 4315 0.28  Turmeric futures hit the upper ceiling of4265.5 4 per cent 4303 on Thursday and 2.512per cent on Friday and were selling at Rs 6,180 a quintal. But this has not reflected in the spot as the price of TURMERIC 7/19/2012 4600 4676 4664 -124 in the -2.66 turmeric in Erode is at Rs 6,800 , which4518 is too high than the4540 prices quoted futures market. WHEAT

7/19/2012

1251

1282

1251

1246

1282

36

2.89

 Jeera  Jeera prices fell by 0.28% to Rs 13,225 per quintal in futures market today as speculators reduced their exposures amid rising supplies in the spot market, Besides, weak export demand also put pressure on prices.At the National Commodity and Derivatives Exchange (NCDEX), jeera for delivery in June fell Rs 37.50, or 0.28% to Rs 13,225 per quintal with an open interest of 14,082 lots..

www.epicresearch.co

9752199966


 WEEKLY SOYABEAN CHART

ANALYSIS OPEN: 3888 HIGH: 3910 LOW: 3861 CLOSE: 3903

 SOYABEAN LOOKS UPWARDS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS

www.epicresearch.co

9752199966


 WEEKLY CHANA CHART

ANALYSIS OPEN: 3428 HIGH: 3428 LOW: 3382 CLOSE: 3389

 CHANA LOOKS COWNWARD  TREND: CONSOLIDATED  STRATEGY: SELL ON RISE

www.epicresearch.co

9752199966


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.

www.epicresearch.co

9752199966

WEEKLY AGRI REPORT 20 MAY 2013  

Epic Research adopts multiple ways to analyze the markets and statistics to follow economic trends. Epic also provides daily market updates...

Read more
Read more
Similar to
Popular now
Just for you