Epic Research Daily Report

26-Sep-2018 Agri Commodity Update

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Agri Commodity Update Market Views MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

LOW

CORIANDER

-

4995

5009

4860

5006

SUPPORT

SUPP.1 4,907

SUPP. 2 4,809

PIVOT 4,958

RESISTANCE RES. 1 5,056

% CHG

VOL

-

-

-

CASTORSEED

Oct

INTRADAY LEVELS

CLOSE

-2.32

-

-

-

SUPPORT

SUPP. 1

SUPP. 2

-

-

1700

Coriander short term trend is bearish and may continue in coming days.

PIVOT

INTRADAY LEVELS

RESISTANC E

RES. 2 5,107

RES. 1

RES. 2

-

-

-

-

GUARGUM 5MT

TURMERIC

Oct Oct

INTRADAY LEVELS

6490

SUPPORT

6698

6470

6492

SUPP. 1 6,408

SUPP. 2 6,325

PIVOT 6,553

RESISTANCE RES. 1

RES. 2 6,781

2.74

315

Turmeric short term trend is bearish and may continue in coming days.

9180

SUPPORT INTRADAY LEVELS

9258

9066

9152

SUPP. 1 9,059

SUPP. 2 8,966

PIVOT 9,158

RES. 1 9,251

RES. 2 9,350

RESISTANCE

1.07

4210

Guargum Short term trend is bearish and may continue in coming days.

Agri Commodity Update Most Active Contract NCDEX INDICES

Index

TOP GAINERS

Symbol

Expiry Date

Current Price

Change

Change %

Value

Pre. Close

% Change

Barley 1762

1768 -0.34

TURMERIC

16-10-2018

6648.00

156.00

2.40% Castor Seed

TOP LOSERS

4678

4729 -1.08

Symbol

Expiry Date

Current Price

Change

Change %

Chana 3979 CORIANDER

16-10-2018

4896.00

-110.00

3925

-2.20% 1.38

Agri Commodity Update Commodities In News North and central parts of the India witnessed heavy rainfall in the last few  days which could effect final yield of Paddy in those fields where 'lodging' (bending over of crops) has taken place as the rains was accompanied by strong winds which came at the fag-end of the southwest monsoon season.

In Paddy growing areas of Haryana, Punjab and Western Uttar Pradesh, there have been complaints of lodging in some fields and yields might go down in them, especially if the crop is in the harvesting stage, while in those fields where the crop hasn't yet matured enough, there might not be any big damage because the stems are flexible enough to resurrect after flattening.

In Central India, Soybean and Pulses crops, too, have been hit but the loss isn't big enough as the showers have been followed by relatively bright sunshine, which has helped in absorbing soil moisture.

Apart from Paddy, the standing Cotton crop has also been impacted in Haryana and Punjab.

ECONOMIC NEWS

India has impulsed China to drop a years-long restriction on Rapeseed meal imports from the South Asian nation at a gathering with government authorities and feed makers as it aims to boost sales of critical farm goods amid growing US-China trade tensions.

China was the biggest buyer of Indian Rapeseed meal until it banned the purchases in late 2011.

The meeting was held at India's embassy in Beijing, the aim was to lobby China to resume purchases of Rapeseed meal, a key ingredient in animal feed, and to drum up interest in the country's other major agricultural products.

It was a meeting of buyers and sellers, with a session introducing India's exporters followed by one-on-one meetings between importers and exporters.

Agri Commodity Update Technical Outlook

BUY CORIANDER OCT ABOVE 5000 TARGET 5030/5060/5090 SL 4970

BUY GUARGUM5 OCT ABOVE 9260 TARGET 9290/9320/9350 SL 9230

BUY TURMERIC OCT ABOVE 6590 TARGET 6620/6650/6680 SL 6560

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