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YOUR MINTVISORY Call us at +91-731-6642300
WEEKLY COMMODITY REPORT
25th AUGUST 2014
Our Presence
Epic Research India
411 Milinda Manor (Suites 409- 417)
2 RNT Marg. Opp Cental Mall
Indore (M.P.)
Hotline: +91 731 664 2300
Alternate: +91 731 664 2320
Or give us a missed call at
026 5309 0639
HNI & NRI Sales Contact Australia
Mintara Road, Tarneit, Victoria. Post Code 3029
Phone.: +61 422 063855
HNI & NRI Sales Contact USA
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Cell: +1 704 249 2315
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All queries should be directed to
Info@epicresearch.co
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YOUR MINTVISORY Call us at +91-731-6642300
WEEKLY WRAP UP
MONTH OPEN HIGH LOW CLOSE % CHG
OI (in
Lots)
VOL
DHANIYA
SEP 12250 12305 12150 12185 -0.90 5720
7080
INTRADAY
LEVELS
SUPPORT SUPP. 1
12122
SUPP. 2
12058
PIVOT
12213
RESISTANCE
RES. 1
12277
RES. 2
12368
Dhaniya short term trend is
down, and furthermore
down is expected in coming
days.
MONTH OPEN HIGH LOW CLOSE
%
CHANGE
OI (in
lots)
VOL
CASTORSEED
SEP 4313 4313 4250 4272 -1.45 30020
44750
INTRADAY
LEVELS
SUPPORT
SUPP. 1
4244
SUPP. 2
4215
PIVOT
4278
RESISTANCE
RES. 1
4307
RES. 2
4341
Castorseed Short term trend
is down. Price expected to go
down in coming days
.
SOYABEAN
OCT. 3400 3430 3383 3411 0.71 71380 61110
INTRADAY
LEVELS
SUPPORT
SUPP. 1
3379
SUPP. 2
3343
PIVOT
3433
RESISTANCE
RES. 1
3469
RES. 2
3523
Soyabean price is in down
trend and may continue in
upcoming days.
GUARGUM
OCT. 18420 18600 18020 18200 1.73 544 649
INTRADAY
LEVELS
SUPPORT
SUPP. 1
17460
SUPP. 2
17320
PIVOT
17730
RESISTANCE
RES. 1
17870
RES. 2
18140
Guargum Short term trend is
up, Expecting price may go
up in coming days.
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YOUR MINTVISORY Call us at +91-731-6642300
BUY DHANIYA SEP ABOVE 11970 TGTS 12070 ,12170 SL 11820
SELL DHANIYA SEP BELOW 11750 TGTS 11650,11550 SL 11900
WEEKLY RECOMMENDATIONS
DHANIYA (SEP.)
GUARGUM (OCT.)
GUARSEED (AUG.)
BUY GUARGUM OCT ABOVE 17800 TGTS 18000,18200 SL 17550
SELL GUARGUM OCT BELOW 17200 TGTS 17000 , 16800 SL 17450
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YOUR MINTVISORY Call us at +91-731-6642300
COMMODITIES IN NEWS
ECONOMIC NEWS
Crop plantings have picked up further over the past
week but remain lower than year-earlier levels, with
monsoon rain deficits alarming wide in the northern
bread-basket states. Average rainfall in this monsoon
season that started in June was 19% below what is con-
sidered normal based on a 50-year average. According to
data from the India Meteorological Department, 21 out
of the country's 36 subdivisions received normal rainfall
this season. But in Haryana and Punjab, the states con-
sidered as India's bread basket, rains were 63% and 62%
below normal, respectively. In West Uttar Pradesh, the
deficit was 54%, while it was 59% in the Marathwada
region and 53% in Telangana Strong rainfall in east and
south India helped rice plantings expand to 33.52 million
hectares from 33.38 million a year ago.
Officials however said sowing was slow in Maharashtra,
Assam and Andhra Pradesh. particularly in Gujarat, An-
dhra Pradesh and Tamil Nadu, at 16.83 million hectares,
compared with 18.31 million hectares a year earlier.
Area under pulses - pigeon pea, urad bean and moong
bean - has dropped, largely in Maharashtra, Karnataka
and Rajasthan.
SUGAR
Sugar prices were down by 0.33 per cent to Rs 3,040 per quintal in futures trade today
as speculators reduced positions on subdued demand from bulk consumers in the spot
market amid ample stock positions. At the National Commodity and Derivatives Ex-
change, sugar for delivery in October fell by Rs 10, or 0.33 per cent, to Rs 3,040 per
quintal with an open interest of 2,030 lots. The September contract shed Rs 2, or 0.07
per cent, to Rs 3,036 per
GUARGUM
Guar gum prices declined by Rs 470 to Rs 17,650 per quintal in futures trading today as
speculators trimmed positions in tune with weak export and domestic spot de-
mand.Market men said participants offloaded positions amid weak cues from global
markets. Besides, increased supply of guar seed from growing belts amid slackness in
demand of guar gum at physical markets too weighed onprices, they added. At the Na-
tional Commodity and Derivatives Exchange counter, guar gum prices for October con-
tract slipped by Rs 470, or 2.59 per cent, to Rs 17,650 per quintal,
REF. SOYA OIL
Refined soya oil prices declined 0.66 per cent to Rs 621.25 per 10 kg in futures trading
today as speculators reduced positions amid sluggish demand in the spot market. At the
National Commodity and Derivatives Exchange, refined soya oil for delivery in Sep-
tember fell by Rs 4.15, or 0.66 per cent, to Rs 621.25 per 10 kg with an open interest of
95,785 lots. The October contract shed Rs 2.20, or 0.38 per cent, to Rs 584.40 per 10 kg
in 87,720 lots. Analysts said offloading of positions by speculators due to subdued de-
mand in the spot market against adequate stocks position mainly led to the fall in re-
fined soya oil prices at futures trade.
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YOUR MINTVISORY Call us at +91-731-6642300
NEWS RECAP
COMMODITY HEADLINES
 Rupee hits 3-week high on debt-related dollar inflows
 Cabinet cuts onion export price by 30 pct
 RBI launches inflation expectations survey for July-Sept quarter
 Area Under Kharif Oilseeds Down Almost 8.20% As On 31 July 2014
 Govt raises sugar import duty to 25% from 15%
 U.K. Markit House Price Sentiment Rises At Slowest Pace In 5 Months
 Groundnut exports jump 50% in April-July: IOPEPC
 Chana Futures Slumps On Better Kharif Pulses Condition
 INDIA'S CONFERENCE BOARD LEADING INDEX SNAPS RISING STREAK
 US Jobless Claims Decrease
 Kharif sowing picks up further, but rain worries still there
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YOUR MINTVISORY Call us at +91-731-6642300
CHANA
Chana futures witnessed profit booking from higher levels due to recovery in kharif pulses sowing along with heavy stock po-
sition in local mandies. The NCDEX futures declined by 1.38 % today. The market sources suggested that favourable rainfall
in Maharashtra and Madhya Pradesh will improve kharif crop conditions and also facilitate better sowing conditions for chana
crop. However, kharif pulses sowing acreage is still reported lower as compared to previous year as total acreage was seen at
8.98 million hectares, down 10 percent as on 15 August 2014. The prices will also be discouraged by higher stocks in local
mandies.
The market sources suggested that total stocks of around 70-80 lakh tonnes of chana have been reported in local mandies and
these stocks can easily meet the chana requirement in the current season. The NCDEX September futures plummeted by
1.38% today to close at Rs 2892 per quintal. The NCDEX futures pared 1.54% in open interest indicating short covering by
traders.
SUGER
FUNDAMENTAL & MANDI NEWS
Sugar prices were down by 0.33 per cent to Rs 3,040 per quintal in futures trade today as speculators reduced positions on sub-
dued demand from bulk consumers in the spot market amid ample stock positions. At the National Commodity and Deriva-
tives Exchange, sugar for delivery in October fell by Rs 10, or 0.33 per cent, to Rs 3,040 per quintal with an open interest of
2,030 lots. The September contract shed Rs 2, or 0.07 per cent, to Rs 3,036 per .Market sentiments remained buoyant with
price trending up for the day. However, the briskness is expected to fade soon with the prevailing glut and absence of export
orders from the country.The govt had raised sugar import duty from 15% to 25% on both raw as well as refined sugar. The
move was taken to relieve the ailing sugar industry which was struggling hard to match up with the higher cane prices and
lower market price for their product.
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YOUR MINTVISORY Call us at +91-731-6642300
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 re-
sponsibility (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 es-
timates 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 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
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Weekly agri report by epic research 25 aug 2014

  • 1. YOUR MINTVISORY Call us at +91-731-6642300 WEEKLY COMMODITY REPORT 25th AUGUST 2014 Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to Info@epicresearch.co Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  • 2. YOUR MINTVISORY Call us at +91-731-6642300 WEEKLY WRAP UP MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL DHANIYA SEP 12250 12305 12150 12185 -0.90 5720 7080 INTRADAY LEVELS SUPPORT SUPP. 1 12122 SUPP. 2 12058 PIVOT 12213 RESISTANCE RES. 1 12277 RES. 2 12368 Dhaniya short term trend is down, and furthermore down is expected in coming days. MONTH OPEN HIGH LOW CLOSE % CHANGE OI (in lots) VOL CASTORSEED SEP 4313 4313 4250 4272 -1.45 30020 44750 INTRADAY LEVELS SUPPORT SUPP. 1 4244 SUPP. 2 4215 PIVOT 4278 RESISTANCE RES. 1 4307 RES. 2 4341 Castorseed Short term trend is down. Price expected to go down in coming days . SOYABEAN OCT. 3400 3430 3383 3411 0.71 71380 61110 INTRADAY LEVELS SUPPORT SUPP. 1 3379 SUPP. 2 3343 PIVOT 3433 RESISTANCE RES. 1 3469 RES. 2 3523 Soyabean price is in down trend and may continue in upcoming days. GUARGUM OCT. 18420 18600 18020 18200 1.73 544 649 INTRADAY LEVELS SUPPORT SUPP. 1 17460 SUPP. 2 17320 PIVOT 17730 RESISTANCE RES. 1 17870 RES. 2 18140 Guargum Short term trend is up, Expecting price may go up in coming days. Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  • 3. YOUR MINTVISORY Call us at +91-731-6642300 BUY DHANIYA SEP ABOVE 11970 TGTS 12070 ,12170 SL 11820 SELL DHANIYA SEP BELOW 11750 TGTS 11650,11550 SL 11900 WEEKLY RECOMMENDATIONS DHANIYA (SEP.) GUARGUM (OCT.) GUARSEED (AUG.) BUY GUARGUM OCT ABOVE 17800 TGTS 18000,18200 SL 17550 SELL GUARGUM OCT BELOW 17200 TGTS 17000 , 16800 SL 17450 Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  • 4. YOUR MINTVISORY Call us at +91-731-6642300 COMMODITIES IN NEWS ECONOMIC NEWS Crop plantings have picked up further over the past week but remain lower than year-earlier levels, with monsoon rain deficits alarming wide in the northern bread-basket states. Average rainfall in this monsoon season that started in June was 19% below what is con- sidered normal based on a 50-year average. According to data from the India Meteorological Department, 21 out of the country's 36 subdivisions received normal rainfall this season. But in Haryana and Punjab, the states con- sidered as India's bread basket, rains were 63% and 62% below normal, respectively. In West Uttar Pradesh, the deficit was 54%, while it was 59% in the Marathwada region and 53% in Telangana Strong rainfall in east and south India helped rice plantings expand to 33.52 million hectares from 33.38 million a year ago. Officials however said sowing was slow in Maharashtra, Assam and Andhra Pradesh. particularly in Gujarat, An- dhra Pradesh and Tamil Nadu, at 16.83 million hectares, compared with 18.31 million hectares a year earlier. Area under pulses - pigeon pea, urad bean and moong bean - has dropped, largely in Maharashtra, Karnataka and Rajasthan. SUGAR Sugar prices were down by 0.33 per cent to Rs 3,040 per quintal in futures trade today as speculators reduced positions on subdued demand from bulk consumers in the spot market amid ample stock positions. At the National Commodity and Derivatives Ex- change, sugar for delivery in October fell by Rs 10, or 0.33 per cent, to Rs 3,040 per quintal with an open interest of 2,030 lots. The September contract shed Rs 2, or 0.07 per cent, to Rs 3,036 per GUARGUM Guar gum prices declined by Rs 470 to Rs 17,650 per quintal in futures trading today as speculators trimmed positions in tune with weak export and domestic spot de- mand.Market men said participants offloaded positions amid weak cues from global markets. Besides, increased supply of guar seed from growing belts amid slackness in demand of guar gum at physical markets too weighed onprices, they added. At the Na- tional Commodity and Derivatives Exchange counter, guar gum prices for October con- tract slipped by Rs 470, or 2.59 per cent, to Rs 17,650 per quintal, REF. SOYA OIL Refined soya oil prices declined 0.66 per cent to Rs 621.25 per 10 kg in futures trading today as speculators reduced positions amid sluggish demand in the spot market. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in Sep- tember fell by Rs 4.15, or 0.66 per cent, to Rs 621.25 per 10 kg with an open interest of 95,785 lots. The October contract shed Rs 2.20, or 0.38 per cent, to Rs 584.40 per 10 kg in 87,720 lots. Analysts said offloading of positions by speculators due to subdued de- mand in the spot market against adequate stocks position mainly led to the fall in re- fined soya oil prices at futures trade. Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  • 5. YOUR MINTVISORY Call us at +91-731-6642300 NEWS RECAP COMMODITY HEADLINES  Rupee hits 3-week high on debt-related dollar inflows  Cabinet cuts onion export price by 30 pct  RBI launches inflation expectations survey for July-Sept quarter  Area Under Kharif Oilseeds Down Almost 8.20% As On 31 July 2014  Govt raises sugar import duty to 25% from 15%  U.K. Markit House Price Sentiment Rises At Slowest Pace In 5 Months  Groundnut exports jump 50% in April-July: IOPEPC  Chana Futures Slumps On Better Kharif Pulses Condition  INDIA'S CONFERENCE BOARD LEADING INDEX SNAPS RISING STREAK  US Jobless Claims Decrease  Kharif sowing picks up further, but rain worries still there Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  • 6. YOUR MINTVISORY Call us at +91-731-6642300 CHANA Chana futures witnessed profit booking from higher levels due to recovery in kharif pulses sowing along with heavy stock po- sition in local mandies. The NCDEX futures declined by 1.38 % today. The market sources suggested that favourable rainfall in Maharashtra and Madhya Pradesh will improve kharif crop conditions and also facilitate better sowing conditions for chana crop. However, kharif pulses sowing acreage is still reported lower as compared to previous year as total acreage was seen at 8.98 million hectares, down 10 percent as on 15 August 2014. The prices will also be discouraged by higher stocks in local mandies. The market sources suggested that total stocks of around 70-80 lakh tonnes of chana have been reported in local mandies and these stocks can easily meet the chana requirement in the current season. The NCDEX September futures plummeted by 1.38% today to close at Rs 2892 per quintal. The NCDEX futures pared 1.54% in open interest indicating short covering by traders. SUGER FUNDAMENTAL & MANDI NEWS Sugar prices were down by 0.33 per cent to Rs 3,040 per quintal in futures trade today as speculators reduced positions on sub- dued demand from bulk consumers in the spot market amid ample stock positions. At the National Commodity and Deriva- tives Exchange, sugar for delivery in October fell by Rs 10, or 0.33 per cent, to Rs 3,040 per quintal with an open interest of 2,030 lots. The September contract shed Rs 2, or 0.07 per cent, to Rs 3,036 per .Market sentiments remained buoyant with price trending up for the day. However, the briskness is expected to fade soon with the prevailing glut and absence of export orders from the country.The govt had raised sugar import duty from 15% to 25% on both raw as well as refined sugar. The move was taken to relieve the ailing sugar industry which was struggling hard to match up with the higher cane prices and lower market price for their product. Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
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