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WEEKLY AGRI REPORT BY EPIC RESEARCH- 29OCTOBER 2012

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WEEKLY AGRI REPORT BY EPIC RESEARCH- 29OCTOBER 2012 Powered By Docstoc
					                      WEEKLY AGRI REPORT
                      29TH OCTOBER 2012




WWW.EPICRESEARCH.CO                        9752199966
                       HEADLINES


                       Chana rises on festive buying, thin supply
                        Chana futures rose & improved spot demand in the
                        ongoing festive season amid thin supply, though prospects
                        of higher sowing and likely higher shipments from other
                        regions in the coming months limited the upside. At 0814
                        GMT, the December contract on the National Commodity
                        and Derivatives Exchange was up 0.81 percent at Rs 4,477
                        per 100 kg.
                       Oilseeds to trade range bound on global cues
  TRADING TIP:         Oilseeds complex in NCDEX are expected to trade range
                        bound. U.S. soybean futures lost more ground on Monday
Buy Soybean Nov         with investors unwinding their speculative positions amid
                        forecasts of record supplies from South America early next
Above 3400              year and concerns over global economic growth.U.S.
                        Soybean futures lost more ground on Monday with
TGTS 3500/3600          investors unwinding their speculative positions amid
                        forecasts of record supplies from South America early next
SL-3320                 year and concerns over global economic growth.

                                         EXPERT OPINION

                            STOCK        S1       S2       R1          R2
 Buy Chana Nov              CHANA       4734     4713     4775        4796

 Above 4820                RM SEED      4312     4300     4337        4346

                          SOYABEAN      3325     3312     3352        3365
 TGTS 4920/5020             JEERA      14287    14190     14482      14579


 SL- 4740

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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


  CHILLI     7/19/2012      5060       5060      5018       5120       5018      -102       -1.99
    Pepper
             prices tried to break out of the 1178 seen since mid-Aug of Rs. 44000-41500. A
  GUR Pepper7/19/2012      1188     1188      range   1183.5    1178     -5.5     -0.46
       convincing close above this range could see buying interest emerge. Fundamental scenario
  JEERAcontinues to be weak14955 higher crop anticipation15052.5 and across the world. New season
              7/19/2012       with   14960     14650      in India 14800     -252.5       -1.68
       arrivals will begin from end of Dec. There could be an attempt by the bullish forces to take
 KAPAS them higher before that. Indian pepper is out priced in the worldmarket. -8
              7/19/2012      1044     1053     1035        1049       1041       Appreciating Indian
                                                                                          -0.76
       rupee has made Indian pepper costlier in the International market. FED stock of around
 PEPPER1473MT will expire in Nov. The outlook for the day is positive.42435
              7/19/2012      42300   42555     42250      42390                45          0.11

    Chilli
REF SOYA  7/19/2012         780.5     783.6      777.4     782.85      781.3     -1.55       -0.2
      Chilli prices are expected to trade weak. Nov 2012 contract has witnessed selling at higher
              Demand
      levels. 7/19/2012 is said to be stable in the spot market. Prices are witnessing selling at higher
SOY BEAN                      4309      4330      4265.5     4303       4315       12         0.28
      levels. Around 1172MT of FED will be delivered against Nov, which could cap the upside in
      prices. 7/19/2012
TURMERIC                      4600      4676       4518      4664       4540      -124       -2.66

    Turmeric
 WHEAT       7/19/2012      1251       1282      1251       1246       1282       36         2.89
       Turmeric prices made new contract lows. Lack of export and domestic demand will keep
       prices under check in the spot mandi. Sowing of turmeric has started in Andhra Pradesh one
       of the key producers is 28.65% lower compare to last year and 13.35% lower compared to the
       normal season. FED stock of around 2012MT will expire in Nov. The outlook for the day is
       negative.

    Jeera

       Jeera prices declined on profit taking and are expected to be under some more selling
       pressure. But buying could emerge on corrections. News of higher exports can keep the
       bullish sentiments supportive. FED stocks in NCDEX of around 5659MT in Nov can cap
       major upside.




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                          WEEKLY SOYABEAN CHART




ANALYSIS
OPEN: 3315
HIGH: 3375
LOW: 3231
CLOSE: 3339

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




   www.epicresearch.co                             9752199966
                         WEEKLY CHANA CHART




ANALYSIS
OPEN: 4712
HIGH: 4805
LOW: 4577
CLOSE: 4755

    CHANA LOOKS UPWARDS
    TREND: BULLISH
    STRATEGY: BUY ON DIPS




www.epicresearch.co                            9752199966
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  www.epicresearch.co                                                                               9752199966

				
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