Issuu on Google+

AGRI COMMODITIES WEEKLY TECHNICAL REPORT……!!!! 13-JAN-2014


NCDEX WEEKLY Newsletter (13/JAN/2014)

AGRI COMMODITY WEEKLY WRAP UP‌..!!!! CHANA FUTURE Chana futures are expected to trade on mixed to negative note. Weak demand, higher sowing, favorable climatic conditions, increasing imports as well as comfortable supplies may exert downside pressure on the prices. However, weather concerns in north India may support prices at lower levels. Prices are trading near the MSP levels, thus, no sharp downside is expected. Sowing of Chana has picked up across the major growing states; weather conditions and planting progress thereon are the crucial factors to be watch for here onwards. JEERA FUTURE Jeera futures may trade on a mixed note. Higher sowing this season may pressurize prices. However, demand from the overseas markets may support prices at lower levels. According to a circular issued by NCDEX there are some modifications made in the Quality specifications and allowance for contracts expiring in March 2014 and thereafter. TURMARIC FUTURE Turmeric futures may trade on a negative note pressurized by new crop arrivals and huge carryover stocks. However, export demand coupled with crop concerns in Andhra Pradesh may support prices at lower levels. According to a circular issued by NCDEX, Pre-expiry margin has been decreased to 3% for the last 5 trading days on a daily basis. There are some modifications made in the Quality specifications for contracts expiring in April 2014 and thereafter. SOYAOIL FUTURE Refine soyaoil futures traded on a mixed to negative note on weak demand in the domestic markets. as well as weak international markets may cap gains and pressurize prices. towards the end on short coverings and settled 0.24% higher India meet 50-55 percent of its edible consumption through imports and thus rupee factor is a major determinant of edible oil prices.

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


NCDEX WEEKLY Newsletter (13/JAN/2014)

NCDEX OIL & OIL SEEDS WEEKLY TECHNICAL LEVELS CASTOR SEED DAILY CANDLESTICK CHART

TRADING STRATEGY: BUY CASTORSEED FEB ABOVE 4550 TGTS 4650 / 4750 SL 4400 SELL CASTORSEED FEB BELOW 4300 TGTS 4200 / 4100 SL 4450

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


NCDEX WEEKLY Newsletter (13/JAN/2014)

NCDEX PULSES WEEKLY TECHNICAL LEVELS CHANA DAILY CANDLESTICK CHART

TRADING STRATEGY: BUY CHANA FEB ABOVE 3110 TGTS 3210 / 3310 SL 2960 SELL CHANA FEB BELOW 3040 TGTS 2940 / 2840 SL 3190

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


NCDEX WEEKLY Newsletter (13/JAN/2014)

NCDEX SPICES WEEKLY TECHNICAL LEVELS DHANIYA DAILY CANDLESTICK CHART

TRADING STRATEGY: BUY DHANIYA FEB ABOVE 8350 TGTS 8450 / 8550 SL 8200 SELL DHANIYA FEB BELOW 7960 TGTS 7860 / 7760 SL 8100

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


NCDEX WEEKLY Newsletter (13/JAN/2014)

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.

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


NCDEX WEEKLY Newsletter (13/JAN/2014)

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

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


Weekly agri report 13 jan 2014