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Date Created: 12/21/15
DAILYAGRI REPORT 19-MAY-2014 NCDEX DAILY Newsletter4) AGRI COMMODITY DAILY WRAP UP…..!!!! GUARSEED FUTURE Further corrections were noted for Guar as the higher levels could not be sustained and a fall in most Agri commodities kept markets sentiments down for this commodity also. Short term some more dips may be noted but with overall weak Monsoon predictions, prices may start recovering by end of the week. Prices have been finding some very strong support at 4000-4300 levels over last 9 months. With Export demand picking up, traders do not anticipate much fall in rates from these levels. TURMERIC FUTURE Turmeric futures may trade on a mixed note today. Lower level demand and expectations of overseas demand may support prices. however, poor quality arrivals as well as huge carryover stocks may cap the upside. JEERA FUTURE Strong pickup in Export demand supported the rates for Jeera that had shown some corrections over last few days due to Elections and Festivals in Gujarat. Adverse Monsoon reports, expected pickup in Export demand and falling arrivals in the mandis all these factors are likely to ensure firmness in prices in the coming days. Firmness in Dollar vs Re could support market sentiments further. CHANA FUTURE Chana rates firmed up further as domestic demand rose in the mandis and a fall in arrivals at these lower levels further supported the sentiments. Traders anticipate present rates to be on the lower side and expect demand to start picking up further in coming days. Slight fall in crop quality in Maharashtra, MP and Rajasthan have been reported. Prospects of demand rising ahead are likely to keep sentiments Bullish in the medium term though short term trend likely to remain volatile. 2 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 NCDEX DAILY Newsletter4) NCDEX DAILY TECHNICAL LEVELS DHANIYA HOURLY CANDLESTICK CHART Dhaniya jun daily chart is in support level @ 9400,Expecting short term selling and then price may take support trend is bullish RSI is below mid range Immediate support @ 9645 & Immediate resistance @ 9700. R1-9629 R2-9784 PP-9586 S1-9512 S2-9388 TRADING STRATEGY: BUY DHANIYA JUN ABOVE 9700 TGTS 9730,9780 SL 9650 SELL DHANIYA JUNE BELOW 9645 TGTS 9615,9565 SL 9695 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 NCDEX DAILY Newsletter4) NCDEX DAILY TECHNICAL LEVELS GUARSEED HOURLY CANDLESTICK CHART Guarseed may daily chart,trend is in support level. expecting from here onwards guarseed price may go up Momentum indicators RSI is below mid range. In intraday basis immediate support @ 5160 & immediate resistance @ 5270. R1-5375 R2-5437 PP-5237 S1-5163 S2-5037 ITRADING STRATEGY: TRADING STRATEGY: BUY GUARSEED JUN ABOVE 5270 TGTS 5300,5350 SL 5220 SELL GUARSEED JUN BELOW 5160 TGTS 5130,5080 SL 5210R 4 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 NCDEX DAILY Newsletter 4) 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. 5 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 NCDEX DAILY Newsletter 4) CONTACT US: WWW.EPICRESEARCH.CO Epic Research Private Limited Corporate Office 411 Milinda Manor (Suites 409 - 417) 2 RNT MargOpp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 / 2427 / 2230 +91 97521 99966 Or give us a missed call at 026 5309 0639 6 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300
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