Weekly Agri Report by www.epicresearch.co – 18th march 2013



WEEKLY AGRI REPORT 18TH March 2013

WWW.EPICRESEARCH.CO

9752199966

 HEADLINES  Chana futures up on pick-up in demand Chana prices rose by Rs 9 to Rs 3,395 per quintal in futures trade today mostly supported by rising demand in the spot markets. However, expectations of higher output and rising arrivals from the new season crop in the physical market restricted the gains. At the National Commodity Derivatives Exchange, chana for delivery in April rose by Rs 9, or 0.27 per cent, to Rs 3,395 per



quintal, with an open interest of 73,590 lots. Likewise, the

TRADING TIP:

 SELL TMC APR BELOW 6870 TGTS 6770/6600 SL 7050  BUY DHANIYA APR AROUND 6660 TGTS 6760/6870 SL 6460

www.epicresearch.co

commodity for delivery in May traded higher by Rs 8, or 0.24 per cent, to Rs 3,384 per quintal in 65,300 lots.

Analysts said the rise in chana prices at futures trade was mostly attributed to strong demand in the spot market.

EXPERT OPINION STOCK

S1

S2

R1

R2

CHANA

3,347

3,287

3,454

3,501

RM SEED

3,410

3,369

3,507

3,563

SOYABEAN

3,421

3,366

3,565

3,654

JEERA

13,159

12,908

13,601

13,792

9752199966

 PRODUCT EXP DATE  Pepper NAME

WEEKLY MARKET ANALYSIS OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

 Pepper prices moved up by Rs 165 to Rs 36,045 per quintal in futures trading today as speculators created fresh by 4560 a rise in 4532 demand in market.

CHANA 7/19/2012 4556 positions, 4573 supported 4525 -28the spot-0.61 However, estimates of a higher output this season limited the gains. At the National Commodity and Derivatives pepper rose by Rs 165, or CHILLI 7/19/2012 5060 Exchange, 5060 5018 for delivery 5120 in April 5018 month -102 -1.99 0.46 per cent, to Rs 36,045 per quintal, with an open interest of 1,427 lots. Similarly, the delivery in March up by Rs 115, or 1183.5 0.31 per cent, to Rs 37,270 per quintal in GURspice for 7/19/2012 1188 moved 1188 1178 1178 -5.5 -0.46 675 lots. Analysts attributed the rise in pepper prices at futures trade to fresh positions builtup by speculators on the back of pick in demand in the spot market.

JEERA

7/19/2012

14955

14960

14650

15052.5

14800

-252.5

-1.68

7/19/2012

1044

1053

1035

1049

1041

-8

-0.76

 Chilli KAPAS

 Arrivals of chilli crop were steady above 50,000 bags; however off-take has declined on dull demand7/19/2012 at auctions held at Guntur Spot rates were down

by Rs80-Rs100 per quintal PEPPER 42300 42555market.

42250 42390 42435 45 0.11 while futures too were down by 1.5-2percent.Arrivals of jeera crop increased to 38,000 bags while demand was reported ~35,000 bags at 782.85 auctions held at Unjha market. Spot REF SOYA 7/19/2012 780.5 steady 783.6 777.4 781.3 -1.55 -0.2 rates are trading firm at Rs133-Rs134 per kg with strong demand seen among exporters & stockiest, as per local 4309 traders. Spot of pepper garbled were steady at12Rs366 per kg and SOY BEAN 7/19/2012 4330rates 4265.5 4303 4315 0.28 that of un-garbled was unchanged at Rs351 per kg. Arrivals stood at 67 tons, but trades decline to 65 tons at auctions held at Kochi market, as per IPSTA.

TURMERIC

7/19/2012

4600

4676

4518

4664

4540

-124

-2.66

1251

1282

1251

1246

1282

36

2.89

 Turmeric WHEAT

7/19/2012

 Turmeric futures retreated from a contract high to trade down on Friday as mounting stocks and supplies from the new season crop offset concerns over lower output. National Commodity and Derivatives Exchange (NCDEX) has imposed a 10 per cent special margin on long-side turmeric contracts effective Mar. 14.At 0900 GMT, the most-active turmeric contract for April delivery on the NCDEX was 0.54 per cent lower at 7,024 rupees per 100 kg.

It hit a contract high of 7,142 rupees earlier in the day.  Jeera  Jeera prices moved down by 1.03 per cent to Rs 13,245 per quintal in futures trade today as speculators reduced their positions, triggered by expectations of higher output this season. At the National Commodity and Derivatives Exchange, jeera for delivery in March moved down

by Rs 137.50, or 1.03 per cent to Rs 13,245 per quintal, with an open interest of 646 lots. In a similar fashion, the spice for delivery in April lost Rs 87.50, or 0.65 per cent, to Rs 13,330 per quintal in 11,334 lots. Market analysts attributed the fall in jeera futures to offloading of positions by speculators on expectations of higher output this season.

www.epicresearch.co

9752199966

 WEEKLY SOYABEAN CHART

ANALYSIS OPEN: 3559 HIGH: 3599 LOW: 3455 CLOSE: 3476

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

www.epicresearch.co

9752199966

 WEEKLY CHANA CHART

ANALYSIS OPEN: 3376 HIGH: 3442 LOW: 3335 CLOSE: 3407

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

www.epicresearch.co

9752199966

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

9752199966