WEEKLY AGRI REPORT 21st JANUARY 2013
HEADLINES Chana futures up on high buying activity Chana prices rose by Rs 16 to Rs 3,970 per quintal in futures trade today as traders enlarged their holdings on account of the good demand in the market. Restricted arrivals in the physical markets further supported the uptrend. At the National Commodity and Derivatives Exchange, chana for delivery in January rose by Rs 16, or 0.40 per cent, to Rs 3,970 per quintal, with an open
interest of 12,470 lots. Similarly, chana for delivery in
BUY SOYABEAN FRB ABOVE 3270 TGTS 3310/3370 SL 3200 SELL DHANIYA APR BELOW 6870 TGTS 6600/6400 SL 7075 www.epicresearch.co
April higher by Rs 15, or 0.42 per cent, to Rs 3,540 per quintal, with an open interest of 67,030 lots.
EXPERT OPINION STOCK
OPEN HIGH MARKET LOW CLOSE LTP CHG WEEKLY ANALYSIS
Pepper CHANA 4556 4525 4560per quintal 4532 in futures -28 trade-0.61 Pepper 7/19/2012 prices declined by 0.75 4573 per cent to Rs 35,005 today as
speculators reduced their positions amid a weak trend at spot markets due to sluggish CHILLI 7/19/2012 5060 5060 and Derivatives 5018 5120 -102delivery -1.99 demand.At the National Commodity Exchange,5018 pepper for in March
fell by Rs 265, or 0.75 per cent, to Rs 35,005 per quintal, with an open interest of 987 GURlots.Likewise, 7/19/2012 1188 1188in February 1178 moved 1183.5 1178 -0.46 the spice for delivery down by Rs 200,-5.5 or 0.54 per cent, to Rs 37,030 per quintal, with a business volume of 1,926 lots. JEERA
KAPAS 7/19/2012 1044 1053 1035 1049 1041 today-8as traders -0.76 Chilli prices rose by Rs 60 to Rs 6,784 per quintal in futures trade created
fresh positions, driven by rising export and spot market demand. Trading sentiment PEPPER 7/19/2012 42390 45 from the 0.11major improved further on42300 restricted42555 arrivals 42250 of the commodity in42435 the market producing belts. At the National Commodity and Derivative Exchange, chilli for delivery in REF SOYA 7/19/2012 780.5 777.4 782.85 781.3 an open -1.55interest-0.2 April rose by Rs 60, or 0.89 per783.6 cent, to Rs 6,784 per quintal, with of 5,220 lots. Similarly, chilli for delivery in March was up Rs 52, or 0.79 per cent, to Rs 6,602 per SOY BEAN 4303experts 4315 12 fresh buying 0.28 quintal,7/19/2012 in a business4309 turnover4330 of 6,2904265.5 lots. Market said besides by traders, restricted arrivals from producing region mainly helped chilli prices to trade higher TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 at futures market. Turmeric
Turmeric futures traded up on covering-up of short positions by speculators. Firm demand in the spot market and expectations of lower output due to lesser area under cultivation in the current year, scanty rainfall during the planting season mainly influenced turmeric futures prices.The contract for April delivery was trading at Rs 6,570.00, up by 0.12% or Rs 8.00 from its previous closing of Rs 6,562.00. The open interest of the contract stood at 29260 lots. Jeera Jeera futures inched up as speculators build up strong positions on improved export demand. However, expectations of higher output restricted the gains. The contract for March delivery was trading at Rs 13,905.00, up by 0.60% or Rs 2.50 from its previous closing of Rs 13,902.50. The open interest of the contract stood at 12540 lots..
WEEKLY SOYABEAN CHART
ANALYSIS OPEN: 3132 HIGH: 3275 LOW: 3132 CLOSE: 3237
SOYABEAN LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS
WEEKLY CHANA CHART
ANALYSIS OPEN: 4050 HIGH: 4075 LOW: 3518 CLOSE: 3561
CHANA LOOKS DOWNWARDS TREND: CONSOLIDATED STRATEGY: SELL ON RISE
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.