28-Sep-2018 Agri Commodity Update
For More Information Please visit www.epicresearch.co or contact info@epicresearch.co Please refer to disclaimer at the end of the report.
Agri Commodity Update Market Views MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CORIANDER
-
INTRADAY LEVELS
SUPPORT
4985 SUPP.1 4,950
4862 SUPP. 2 4,900
4940 PIVOT 4,958
RESISTANCE RES. 1 5,056
-1.3
1700
Coriander short term trend is bearish and may continue in coming days.
INTRADAY LEVELS
-
-
-
SUPPORT
SUPP. 1
SUPP. 2
-
-
VOL
-
-
-
PIVOT RESISTANC E
RES. 1
RES. 2
-
-
RES. 2 5,107
-
GUARGUM 5MT
TURMERIC
Oct
Oct
6642 INTRADAY LEVELS
% CHG
CASTORSEED
Oct
4932
CLOSE
6648
6502
SUPPORT
SUPP. 1
SUPP. 2
6,600
6,625
6630 PIVOT 6,640
-1.06
315
Turmeric short term trend is bearish and may continue in coming days.
9200 INTRADAY LEVELS
SUPPORT
9210
9130
9191
SUPP. 1 9180
SUPP. 2 9150
PIVOT 9,195
-0.29
4210
Guargum Short term trend is bearish and may continue in coming days.
Agri Commodity Update Most Active Contract TOP GAINERS
NCDEX INDICES
Symbol
CHANA
Expiry Date
Current Price
16-10-2018
4030.00
Change
52.00
Change %
1.31%
Index
Barley
Value
1778
Pre. Close
% Change
1762.5 0.88
TOP LOSERS
Symbol
Expiry Date
Current Price
Change
Change %
Castor Seed
4675
4676 -0.26
Agri Commodity Update Commodities In News 14 per cent as Â
Coffee production is expected to come down by against last year's post-blossom estimates. The crop loss due to heavy rains in the traditional Coffee tracts in South India is estimated to be around 75,000 tonnes. According to the Coffee Board, the total post-blossom estimate in 2017-18 was 350,400 tonnes, including 103,100 tonnes of Arabica and 247,300 tonnes of Robusta. The Coffee Board has made an initial assessment of 1,500 hectares of land lost and a crop loss of 82,000 tonnes. However, compared to the estimates made at the beginning of the season at sowing tome, the loss looks even bigger at 20 per cent. The estimate for the 2018-19 season is 85,000-90,000 tonnes of Arabica and 200,000-210,000 tonnes of Robusta. Indian Coffee exports are running lower this year at 212,607 tonnes as against 240,094 last year, mainly due to a lower Robusta crop. The Coffee industry has been forced to use more Coffee from other origins to keep total exports almost on par.
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 TURMERIC OCT ABOVE 6650 TARGET 6700/6750/6800 SL 6600
Daily Agri Update For India: Info@epicresearch.co Address: 411 Milinda Manor (Suites 409-425) 2 RNT Marg. Opp Central Mall Indore (M.P.) +91 -731- 6642300 For United States- HNI& NRI Sales Contact: 2117 Arbor Vista Dr. Charlotte (NC)-Cell: +1 704 249 23 For Australia- HNI & NRI Sales Contact: Mintara Road, Tarneit, Victoria, Post Code 3029 Cell: +61 422 063855 Singapore- www.epicresearch.sg Contact +65-3158-1402 Malaysia- www.epicresearch.my Contact +60-3502-19047
Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial advisory provider companies in the private sector. 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. 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 ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity 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.