Wednesday, 22 October 2014

EPIC RESEARCH : NCDEX CASTOR SEED UPDATE OF 22 OCTOBER 2014

Castorseed prices rose by 1.04 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings.

At the NCDEX, castor seed futures for November 2014 contract were trading at Rs. 4,672 per quintal tonnes, up by 1.04 per cent, after opening at Rs. 4,644 against the previous closing price of Rs. 4,624. It touched the intra-day high of Rs. 4,687 till the trading.For more information ✆ - 0731-6642300 or Visit https://www.epicresearch.co

EPIC RESEARCH : MCX SILVER UPDATE OF 22 OCTOBER 2014

Silver trading range for the day is 38326-39196.
Silver gained as investors focused on seasonal physical demand from India ahead of the fall wedding season and the festival of Diwali.
ECB is considering buying corporate bonds on the secondary market and may decide as soon as December with a view to begin purchases early next year.


In U.S., better-than-expected data out of the housing sector cushioned the greenback's slide against the precious metal.
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EPIC RESEARCH : MCX GOLD UPDATE OF 22 OCTOBER 2014

Gold trading range for the day is 27374-27730.
Gold rose on worries over a slowdown in the global economy after China's growth eased in the third quarter.
News that India's central bank will not tighten gold import rules further could also lend some support.
China's central bank is likely to hold its line against an interest rate cut even as economic growth slows to a quarter-century trough.

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EPIC RESEARCH : MCX COPPER UPDATE OF 22 OCTOBER 2014

Copper trading range for the day is 402.4-416.2.
Copper gained on prospects of fresh easing in Europe and further signs of economic revival in the United States.
Official data released earlier showed that China’s economy expanded at an annual rate of 7.3% in the third quarter.


A separate report showed that industrial production rose by an annualized rate of 8.0% in September, compared to forecasts for a 7.5% increase.

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EPIC RESEARCH : MCX ZINC UPDATE OF 22 OCTOBER 2014

Zinc trading range for the day is 131.6-137.8.
Zinc prices gained as support seen after data showed as US September existing home sales hit a one-year high, boosting market confidence
Many speculators had piled into the zinc market earlier in the year, betting big mine closures would lead to shortages
At the moment, there was no deficit at all in either zinc refined metal or concentrate.


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EPIC RESEARCH : NCDEX MENTHA OIL UPDATE OF 22 OCTOBER 2014

Menthaoil trading range for the day is 669.4-689.6.
Menthaoil spot is at 770/-. Spot market is up by Rs. 10/-
Mentha oil prices gained amid rising demand from consuming industries in the spot market.
Besides, tight supplies from producing belts in the physical market and some export enquiries too supported prices.


At Bareilly market estimated market supply was at 5 Drums(1-drum-180kg), down by 1 Drums(1-drum-180kg) as against previous day.

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EPIC RESEARCH : MCX NICKEL UPDATE OF 22 OCTOBER 2014

Nickel trading range for the day is 913.5-954.5.
Nickel ended with gains as support seen after the economy expanded more than forecast in China
Limiting upside was further evidence of a well-supplied market as LME nickel stocks rose to a fresh record peak of 377,136 tonnes.


China's factory output beat expectations, rising 8 percent in September from a year earlier and boosting hopes of a strengthening recovery.

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EPIC RESEARCH : NCDEX SOYABEAN UPDATE OF 22 OCTOBER 2014

Soyabean trading range for the day is 2964-3060.
Soyabean prices ended with gains due to lower-than expected supplies from the new season crop because of delayed sowing.
Prices of the bean rose on weak sowing of the crop in domestic market and lower stockpiles of the bean in US, indicating tight supply.
Indian soybean acreage fell by 10% to 11 million hectare due to late and weak monsoon in major bean producing states.


At the Indore spot market in top producer MP, soybean dropped -2 rupee to 2951 rupee per 100 kgs.For more information ✆ - 0731-6642300 or Visit https://www.epicresearch.co

EPIC RESEARCH : NCDEX CHANA UPDATE OF 22 OCTOBER 2014

Chana trading range for the day is 2821-2899.
Chana prices dropped on subdued demand for the pea from bulk consumers on quality issues and increased output estimates for 2013-14.
Increased arrivals of Pulses amidst expectations of better crop sowing in the growing states of MP, UP and Rajasthan too weighed.
NCDEX accredited warehouses chana stocks dropped by 504 tonnes to 48957 tonnes.


In Delhi spot market, chana remains unchanged at by 0 rupee to end at 2900 rupee per 100 kgs.

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EPIC RESEARCH : MCX NATURAL GAS UPDATE OF 22 OCTOBER 2014

Naturalgas trading range for the day is 220.9-229.3.
Natural gas bounced back after markets priced in mild autumn temperatures and snapped up nicely-priced positions in the commodity
The National Hurricane Center gave a low pressure system in the Bay of Campeche a 50% chance of developing in the next five days


Investors continued to digest weekly inventory data, which showed that natural gas storage rose by a more than expected 94 bcf last week.

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