5
DAILY AGRI REPORT 20 TH MAY 2013 WWW.EPICRESEARCH.CO +91 9752199966

Daily agri-report 20 may 2013

Embed Size (px)

DESCRIPTION

 

Citation preview

Page 1: Daily agri-report 20 may 2013

DAILY AGRI REPORT 20TH MAY 2013

WWW.EPICRESEARCH.CO +91 9752199966

Page 2: Daily agri-report 20 may 2013

www.epicresearch.co +91 9752199966

HEADLINES

Chana future falls on poor demand .

Chana continued to rule sluggish in Indore mandis amid poor

demand for pulses and ‘besan’ from the millers. In Indore mandis,

chana (Kanta) ruled steady at Rs 3,350-75 a quintal, while chana

(desi) ruled at Rs 3,150-75 . Chana (Annagiri) ruled at Rs 3,100-50,

chana (masumi) at Rs 3,300, chana (kaktu) at Rs 2,700-3,000,

chana (vishal) at Rs 3,100-50, while Kabuli Bitki ruled at Rs 3,000-

3,100 a quintal.

Jeera futures pins on export demand

Jeera prices may witness an uptrend on the back of export

enquiries. Export demand is likely to improve in the coming weeks

because of lack of supplies from Syria and Turkey.As such, prices

are expected to increase.Jeera futures were increased as demand

was slightly higher than arrivals in the spot market. However, spot

jeera was remained unchanged. On the NCDEX, jeera June

contract gained Rs 165 to Rs 13,347.50 a quintal with an open

interest of 13,218 lots. NCDEX July series was up Rs 137.50 to Rs

13,512.50with an open interest of 4,971 lots...

EXPERT OPINION

STOCK S1 S2 R1 R2

CHANA 3,420 3370 3500 3550

RM SEED 3,520 3470 3600 3650

SOYABEAN 3875 3825 3970 4000

JEERA 13200 13000 13500 13700

Trading tip:

Sell chilli June below

5450 tg 5400,5350 sl

5550

Sell dhaniya june

below 6540

tg 6500,6450

sl 6575

www.epicresearch.co +91 9752199966

Page 3: Daily agri-report 20 may 2013

DAILY SOYABEAN CHART

ANALYSIS

OPEN: 3910

HIGH: 3910

LOW: 3880

CLOSE: 3890

SOYABEAN LOOKS SIDEWAYS

TREND: BULLISH

STRATEGY: BUY ON DIPS

www.epicresearch.co +91 9752199966

Page 4: Daily agri-report 20 may 2013

DAILY CHANA CHART

ANALYSIS

OPEN: 3390

HIGH: 3405

LOW: 3385

CLOSE: 3397

CHANA LOOKS SIDEWAYS

TREND: CONSOLIDATE

STRATEGY: SELL ON RISE

www.epicresearch.co +91 9752199966

Page 5: Daily agri-report 20 may 2013

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.

www.epicresearch.co +91 9752199966