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DAILY AGRI REPORT
09-Jul-2014
NCDEX DAILY Newsletter 4
AGRI COMMODITY DAILY WRAP UP…..!!!!
JEERA FUTURE
Jeera prices traded with a negative bias due to selling pressure as higher supplies are seen entering the spot markets. As
per market source, farmers are offloading ample stocks on expectation of higher returns for their produce, as prices rose
sharply in recent sessions. Conversely, prospects of rise in export demand amid drop in this year's jeera production in
Syria and Turkey may boost India's exports..
TURMERIC FUTURE
Improved Monsoon prospects over the growing states of AP and TN along with profit booking at the higher levels brought
some corrections to the rising rates for Turmeric. Adverse Monsoon had been affecting the sowing of the crop in AP and
Tamil Nadu for last few days. An expected revival of Monsoon in the coming week could be beneficial for the sowing of the
crop and could put a cap on the rising rates.
CARDAMOM FUTURE
Cardamom futures are expected to trade higher due to concerns over fall in production in major cardamom producing
areas in India. As per market source, the cardamom auction is suspended for week from Tuesday. According to the
updates from the Spices Board of India, arrivals in the auction till the last day of June 2014, were estimated at 21190
tonnes, up almost by 48 percent over last year and average rate lower by 11.50 percent to Rs 641 a kg.
CORIANDER FUTURE
Coriander futures are expected to trade higher on concerns over crop output in major producers Bulgaria and Romania
due to unfavorable weather. Projected decline in coriander production in India compared to last year too pushed up
coriander prices. The Forward Markets Commission has approved modification of basis quote to exclude sales tax and
value-added tax (VAT) from coriander futures on the National Commodity and Derivatives Exchange.
2 | P a g e
WWW.EPICRESEARCH.CO
CALL: +917316642300
NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
DHANIYA HOURLY CANDLESTICK CHART
Dhaniya july daily chart trend is bullish, Momentum Indicator RSI is in overbought zone, expecting price may go up
Immediate support @ 10985 & Immediate resistance @ 11160.
R1-9629 R2-11261 PP-11098 S1-11041 S2-10935
TRADING STRATEGY:
BUY DHANIYA JUL ABOVE 11160 TGTS 11190,11240 SL 11110
SELL DHANIYA JUL BELOW 10985 TGTS 10955,10905 SL 11035
3 | P a g e
WWW.EPICRESEARCH.CO
CALL: +917316642300
NCDEX DAILY Newsletter 4
NCDEX DAILY TECHNICAL LEVELS
GUARSEED HOURLY CANDLESTICK CHART
Guarseed daily chart, Price bounce from support level, expecting from here onwards guarseed price may go UP
Momentum indicators RSI is above mid range. In intraday basis immediate support @ 5515 & immediate resistance @ 5645.
R1-5375 R2-5805 PP-5600 S1-5470 S2-5395
TRADING STRATEGY:
BUY GUARSEED JUL ABOVE 5630 TGTS 5660,5710 SL 5580
SELL GUARSEED JUL BELOW 5515 TGTS 5485,5435 SL 5555
4 | P a g e
WWW.EPICRESEARCH.CO
CALL: +917316642300
NCDEX DAILY Newsletter 4
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.
5 | P a g e
WWW.EPICRESEARCH.CO
CALL: +917316642300
NCDEX DAILY Newsletter 4
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 | P a g e
WWW.EPICRESEARCH.CO
CALL: +917316642300

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Daily agri report 09 july 2014 by epic research

  • 2. NCDEX DAILY Newsletter 4 AGRI COMMODITY DAILY WRAP UP…..!!!! JEERA FUTURE Jeera prices traded with a negative bias due to selling pressure as higher supplies are seen entering the spot markets. As per market source, farmers are offloading ample stocks on expectation of higher returns for their produce, as prices rose sharply in recent sessions. Conversely, prospects of rise in export demand amid drop in this year's jeera production in Syria and Turkey may boost India's exports.. TURMERIC FUTURE Improved Monsoon prospects over the growing states of AP and TN along with profit booking at the higher levels brought some corrections to the rising rates for Turmeric. Adverse Monsoon had been affecting the sowing of the crop in AP and Tamil Nadu for last few days. An expected revival of Monsoon in the coming week could be beneficial for the sowing of the crop and could put a cap on the rising rates. CARDAMOM FUTURE Cardamom futures are expected to trade higher due to concerns over fall in production in major cardamom producing areas in India. As per market source, the cardamom auction is suspended for week from Tuesday. According to the updates from the Spices Board of India, arrivals in the auction till the last day of June 2014, were estimated at 21190 tonnes, up almost by 48 percent over last year and average rate lower by 11.50 percent to Rs 641 a kg. CORIANDER FUTURE Coriander futures are expected to trade higher on concerns over crop output in major producers Bulgaria and Romania due to unfavorable weather. Projected decline in coriander production in India compared to last year too pushed up coriander prices. The Forward Markets Commission has approved modification of basis quote to exclude sales tax and value-added tax (VAT) from coriander futures on the National Commodity and Derivatives Exchange. 2 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 3. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART Dhaniya july daily chart trend is bullish, Momentum Indicator RSI is in overbought zone, expecting price may go up Immediate support @ 10985 & Immediate resistance @ 11160. R1-9629 R2-11261 PP-11098 S1-11041 S2-10935 TRADING STRATEGY: BUY DHANIYA JUL ABOVE 11160 TGTS 11190,11240 SL 11110 SELL DHANIYA JUL BELOW 10985 TGTS 10955,10905 SL 11035 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 4. NCDEX DAILY Newsletter 4 NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART Guarseed daily chart, Price bounce from support level, expecting from here onwards guarseed price may go UP Momentum indicators RSI is above mid range. In intraday basis immediate support @ 5515 & immediate resistance @ 5645. R1-5375 R2-5805 PP-5600 S1-5470 S2-5395 TRADING STRATEGY: BUY GUARSEED JUL ABOVE 5630 TGTS 5660,5710 SL 5580 SELL GUARSEED JUL BELOW 5515 TGTS 5485,5435 SL 5555 4 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 5. NCDEX DAILY Newsletter 4 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. 5 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
  • 6. NCDEX DAILY Newsletter 4 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 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300