daily agri report by epic research 11 aug 2014

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DAILY AGRI REPORT 11-Aug-2014

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Page 1: Daily agri report by epic research 11 aug  2014

DAILY AGRI REPORT

11-Aug-2014

Page 2: Daily agri report by epic research 11 aug  2014

NCDEX DAILY Newsletter 4)

AGRI COMMODITY DAILY WRAP UP…..!!!!

CHANA FUTURE

Chana futures bounced back sharply from lower levels on lower level demand coupled with festive demand and declining arrivalpressure and settled 2.52% higher. Prices have declined over the last few days on an increase in the sowing of kharif pulses and arevival of monsoon. Prices declined over the last few months on sluggish demand in the physical markets coupled with recordchana output in 2013-14.

SOYABEAN FUTURE

Soybean futures traded on a mixed note. Short coverings and tight supplies of the old crop supported prices. However, prices declined from higher levels pressurized by increased sowing of soybean, revival of monsoon and weak meal export demand and settled unchanged. The ongoing bearishness in the CBOT soybean market is likely to continue for the near term.

TURMERIC FUTURE

Turmeric futures traded on a positive note on reports of crop damage in Sangli due to heavy rains and settled 0.96% higher.However, weak demand in the physical markets on the back of poor quality crop arrivals and huge carryover stocks capped sharpgains

JEERA FUTURE

Jeera futures recovered from lower levels in the early trades on short coverings. However, prices again declined from higher levelson weak demand and settled 0.22% lower. Buyers are waiting for lower levels to initiate fresh buying, keeping prices under check.Record output and huge carryover stocks also pressurized prices.

SUGAR FUTURE

Sugar futures traded with a positive bias as threat by UP mills to suspend crushing in the next season starting October supportprices and settled 0.07% higher. Prices have declined over the last few days on weak demand coupled with monsoon revival andcomfortable supplies.

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Page 3: Daily agri report by epic research 11 aug  2014

NCDEX DAILY Newsletter 4)

NCDEX DAILY TECHNICAL LEVELS

DHANIYA HOURLY CANDLESTICK CHART

Dhaniya Aug chart trend is bullish, Momentum Indicator RSI is at mid range, expecting price may go up Immediate support @ 12150 & Immediate resistance @ 12320.

R2-12405 R1-12324 PP-12234 S1-12153 S2-12063

TRADING STRATEGY: BUY DHANIYA SEP. ABOVE 12320 TGTS 12350,12400 SL 12270 SELL DHANIYA SEP. BELOW 12150 TGTS 12120,12070 SL 12200

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Page 4: Daily agri report by epic research 11 aug  2014

NCDEX DAILY Newsletter 4)

NCDEX DAILY TECHNICAL LEVELS

GUARGUM HOURLY CANDLESTICK CHART

In Guargum chart, trend is down, expecting from here onwards guarseed price may go UpMomentum indicators RSI is above mid range. In intraday basis immediate support @ 14990 & immediate resistance @ 15215.

R2-15577 R1-15383 PP-15017 S1-14823 S2-14447

TRADING STRATEGY: BUY GUARGUM OCT ABOVE 15215 TGTS 15245,15295 SL 15165 SELL GUARGUM OCT BELOW 14990 TGTS 14960,14910 SL 15040

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Page 5: Daily agri report by epic research 11 aug  2014

NCDEX DAILY Newsletter 4)

DISCLAIMERThe 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 andup 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 individuallytailor-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.

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Page 6: Daily agri report by epic research 11 aug  2014

NCDEX DAILY Newsletter 4)

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