Agri Commodity Update - 17-Jul-2018 - For More Information Please visit www.epicresearch.co or contact - Epic Research
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
17-Jul-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 CLOSE % CHG VOL
CORIANDER CASTORSEED
JULY 4717 4740 4606 4690 -1.75 6360 - - - - - - -
SUPPORT SUPP. 1 SUPP. 2
SUPPORT SUPP.1 SUPP. 2
4617 4544 - -
Coriander short term PIVOT
INTRADAY PIVOT INTRADAY
trend is bearish and may -
LEVELS 4678 LEVELS -
continue in coming days. RESISTANC RES. 1 RES. 2
RES. 1 RES. 2
RESISTANCE E - -
4751 4812
TURMERIC GUARGUM 5MT
JULY 6960 7088 6960 6958 0.32 2775 JULY 8840 9135 8840 8851 0.21 20065
SUPPORT SUPP. 1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2
6916 6874 8749 8647
Turmeric short term Guargum Short term
INTRADAY PIVOT INTRADAY PIVOT
trend is bearish and may trend is bearish and may
LEVELS 7002 LEVELS 8942
continue in coming days. continue in coming days.
RES. 1 RES. 2 RES. 1 RES. 2
RESISTANCE RESISTANCE
7044 7130 9044 9237
Agri Commodity Update
Most Active Contract
TOP GAINERS
NCDEX INDICES
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
20-07-2018 1744.50 49.00 2.89% Index Value Pre. Close % Change
AKOLA
SOY BEAN 20-07-2018 3606.00 69.00 1.95% Castorseed 4480 4477 0.07
BARLEY 20-07-2018 1526.00 28.00 1.87% Chana 4181 4021 3.98
CORIANDER 20-07-2018 4700.00 60.00 1.29% Coriander 4580 4647 -1.44
TOP LOSERS
Guargum5MT 8880 8785 1.08
Symbol Expiry Date Current Price Change Change %
GUAR GUM 5 MT 20-07-2018 8585.00 -115.00 -1.32% Jeera 18520 18440 0.43
REF SOYA OIL 20-07-2018 750.70 -2.10 -0.28% Musterseed 4100 4078 0.54
RAPESEED-MUSTARD Soybean 3500 3537 -1.05
20-07-2018 4073.00 -9.00 -0.22%
SEED
GUAR SEED 10 MT 20-07-2018 4034.00 -9.00 -0.22% Turmeric 6980 6958 0.32
Agri Commodity Update
Commodities In News
Cottonseed oil cake usually follows the price trend in Cotton, rates of the ECONOMIC NEWS
byproduct have witnessed high volatility in the recent times. Cottonseed oil
cake prices were 35 per cent up in the last one month while Cotton has Technically Mentha Oil market is under fresh buying as market has
moved up only by around 6 per cent. Cottonseed oil cake production starts witnessed gain in open interest by 2.4% to settled at 1195. Now MCX Mentha
after the Cotton arrivals in different regions of the country. The major Oil is getting support at 1565.1 and below same could see a test of 1526.8 level,
producers of Cottonseed oil cake are Gujarat, Maharashtra, Andhra Pradesh And resistance is now likely to be seen at 1622.6, a move above could see
and Punjab. Major consumption states are Rajasthan, Delhi, Punjab and prices testing 1641.8. Mentha Oil on MCX settled up 3.99% at 1603.4 amid
Haryana. The annual production of Cottonseed oil cake in the country is rise in demand from consuming industries at the spot market. Further, restricted
about 6.5-7.5 million tonnes. supplies from the major producing belts of Chandausi in Uttar Pradesh too
supported mentha oil prices’ uptrend. Spot markets are also witnessing strong
Multi Commodity Exchange of India Ltd. (MCX) has received consumption demand amid restricted supplies. Bumper crop harvest has been
extremely encouraging response with Cotton deposits in the current season discounted in the market and market is moving upwards on rising demand from
(Oct’ 17-Jul’ 18), notably increasing by 294 per cent in June 2018 vis-a-vis end users. The Multi Commodity Exchange of India will double the total
June 2017. This not only reaffirms the confidence of the stakeholders in the additional margin to 10% on both buy and sell side of all running as well as
exchange as an efficient risk management platform, but also its well- yet-to-be-launched contracts of mentha oil from Monday. Despite the peak
equipped and robust warehousing and delivery mechanism for participants season of harvest in June, prices of mentha oil have risen over 20% since the
to tender and receive delivery. The Cotton futures contract continues to beginning of June as farmers held back stocks.
serve as an efficient hedging tool to the market participants - producers,
ginners, millers, yarn manufacturers, exporters that enables them to tackle Technically Cardamom market is under short covering as market has
volatility or any adverse price movement in an efficient manner. witnessed drop in open interest by 6.29% to settled at 134 while prices up 4.8
rupees. Now MCX Cardamom is getting support at 1035 and below same could
In a bid to boost Onion export, the Centre has decided to give 5% benefit see a test of 1027.4 level, And resistance is now likely to be seen at 1048.1, a
of Merchandise Exports from India Scheme (MEIS) to Onion exporters. move above could see prices testing 1053.6. Cardamom on MCX settled up
The scheme has come into effect from July 13 and will continue till January 0.46% at 1042.5 as there are fears of damage to standing crops and delay in
12, 2019, says a notification issued by the Directorate General of Foreign new crop supplies. Rains have also impacted the new crops and supplies from
Trade. Farmers, traders and the Agriculture Produce Market committee the fresh crop would get momentum by the third week of this month, though
(APMC) at Lasalgaon had been demanding the incentive for Onion exports. scattered supplies have begun to pour in some of the auction centres. Stockists
The Maharashtra State Agriculture Marketing Board had also sent a did not make buying on hopes of higher output and early commencement of
proposal to the Centre around two months ago, seeking 5% incentive for new crop supplies.
Onion export to stop drop in Onion prices.Agri Commodity Update
Technical Outlook
SELL CORIANDER JUL BELOW 4600 TARGET 4580/4560/4540 SL 4630 BUY TURMERIC JUL ABOVE 7040 TARGET 7070/7100/7130 SL 7000
BUY GUARGUM5 JUL ABOVE 8980 TARGET 9020/9060/9100 SL 8930Daily 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.You can also read
