WEEKLY AGRI REPORT BY EPIC RESEARCH-27 AUGUST 2012

Document Sample
WEEKLY AGRI REPORT BY EPIC RESEARCH-27 AUGUST 2012 Powered By Docstoc
					                      WEEKLY AGRI REPORT
                       27TH AUGUST 2012




WWW.EPICRESEARCH.CO                 9993959693
                          HEADLINES


                          Pepper falls on weak exports; jeera up

                          Pepper futures fell on Friday due to a decline in the
                          overseas sales, though slack domestic supplies and
                          dwindling stocks restricted the fall.
                          Indian-origin pepper is offered at a premium of $800-
                          $1,200 per tonne in the global market compared to
                          competitors.
                          Mentha oil futures up 2 pc on industrial
    Trading tip:
                          demand
      Buy Jeera above
                          Mentha oil prices moved up by Rs 26.80 to Rs 1,346.90
      16500 for target    per kg in futures trade today as traders created fresh
                          positions influenced by pick-up in industrial demand
      16550/16600
                                       EXPERT OPINION
      SL 16375
                             STOCK         S1        S2           R1    R2

                             CHANA         4683     4468      5009     5120

                            RM SEED        4263     4107      4508     4597

                           SOYABEAN        4655     4246      5268     5472

                              JEERA       15297     14465     16779    17429




www.epicresearch.co                          9993959693
   PRODUCT       EXP DATE        OPEN       HIGH       LOW        CLOSE         LTP       CHG     PERCENTAGE
    NAME                                                                                            CHANGE


        WEEKLY MARKET ANALYSIS
    CHANA        7/19/2012       4556       4573       4525        4560        4532       -28         -0.61

   Soyabean
    CHILLI       7/19/2012       5060       5060       5018        5120        5018       -102        -1.99

   Soybean traded steady to higher major spot markets of Madhya Pradesh and Maharashtra Thursday on
      GUR        7/19/2012       1188      1188
   firmness in futures market and report of crop damage in parts of Madhya Pradesh. -5.5 bean traded at
                                                       1178   1183.5      1178       Soy       -0.46
   Rs 4,000-4,525 per 100 kg in the major markets of Madhya Pradesh and at Rs 4,000-4,700 per 100 kg in
     JEERA        Arrival stood 14955
   Maharashtra.7/19/2012                             14650   15052.5
                                at 15,000 14960in MP and 5,000 bags in Maharashtra and 3,000-1.68 in
                                           bags                          14800    -252.5        bags
   Rajasthan. On NCDEX October soybeans closed unchanged and November contract gained by 0.25% as
   traders accumulated long positions at lower levels. 1035
    KAPAS        7/19/2012       1044      1053                1049       1041       -8        -0.76

           Seed
   Mustard 7/19/2012
   PEPPER                        42300      42555      42250       42390       42435       45         0.11

    Mustard seed prices across the exchanges traded higher as traders liquidated shorts at lower levels .
   REF SOYA       7/19/2012     780.5      783.6      777.4     782.85      781.3    -1.55       -0.2
    Roll over of positions was witnessed. The benchmark September contract gained by 0.86% and the gain
    in close price and gain in open interest suggests short covering. The spot market witnessed arrival of
   SOY BEAN       7/19/2012      4309      4330
    56000 bags against 62000 bags in last week.      4265.5      4303       4315      12         0.28

   Domestic 7/19/2012
  TURMERIC soy prices traded marginally higher tracking international 4540
                           4600      4676      4518       4664         market.Positive International
                                                                                -124        -2.66
    market outlook too supportive in the near term. Soy meal ended lower as traders liquidated longs.
    Malaysian crude palm oil futures were almost flat after hitting a one-month high earlier, with traders
    WHEAT         7/19/2012      1251      1282       1251       1246      1282       36          2.89
    turning a little cautious as the worst drought in the U.S. Midwest in 56 years pushes oilseed prices
    higher.

   Coriander
      Coriander offered down Rs 100 a quintal in Kota on Saturday. Moreover, it traded weak in futures
      too. Coriander Badami loose new quoted at Rs. 3,600 per quintal, eagle loose at Rs.3,800 per
      quintal. New scooter variety sold at Rs. 4,000 per quintal. Total arrival in Rajasthan reported around
      1,500 bags and 2000 bags at Ramganj and arrival at Baran reported around 1,000 bags and 700 bags
      at Guna in MP and 1,000 bags and 800 bags at Kumbhraj. (each bag=40 kg)




www.epicresearch.co                                                        9993959693
                         WEEKLY SOYABEAN CHART




ANALYSIS
OPEN: 3970
HIGH: 4074
LOW: 3970
CLOSE: 3987

      SOYABEAN LOOKS BULLISH
      TREND: UPWARDS
      STRATEGY: BUY ON DIPS.
                           WEEKLY CHANA CHART




ANALYSIS
OPEN: 4938
HIGH: 4945
LOW: 4692
CLOSE: 4758

      CHANA LOOKS BEARISH
      TREND: DOWNWARDS
      STRATEGY: SELL ON RISE




www.epicresearch.co                      9993959693
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.

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:3
posted:8/27/2012
language:
pages:6
Description: Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.