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DAILY AGRI COMMODITY REPORT 12 NOVEMBER 2014 
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 
1 
Epic Research India 
411 Milinda Manor (Suites 409-417) 
2 RNT Marg. Opp Central Mall 
Indore (M.P.) 
Hotline: +91 731 664 2300 
Alternate: +91 731 664 2320 
Or give us a missed call at 
026 5309 0639 
Our Presence 
YOUR MINTVISORYCall us at +91-731-6642300
Market Views 
2 
MONTH 
OPEN 
HIGH 
LOW 
CLOSE 
% CHG 
VOL 
MONTH 
OPEN 
HIGH 
LOW 
CLOSE 
% CHG 
VOL 
DHANIYA 
DEC 
12330 
12655 
12283 
12540 
+2.06 
27180 
INTRADAY LEVELS 
SUPPORT 
SUPP.1 
12330 
SUPP. 2 
12121 
PIVOT 
12493 
Dhaniya shortterm trend is up , further more upsideis expected in comimg days. 
RESISTANCE 
RES. 1 
12702 
RES. 2 
12865 
CASTORSEED 
DEC 
4801 
4907 
4994 
4868 
0.97 
167850 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
4806 
SUPP. 2 
4743 
PIVOT 
4856 
Castorseed short term trend is up,Prices expected to go up in coming days. 
RESISTANCE 
RES. 1 
4919 
RES. 2 
4969 
TURMERIC 
DEC 
6490 
6620 
6406 
6560 
+1.71 
8265 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
6437 
SUPP. 2 
6315 
PIVOT 
6529 
Turmeric shortterm trend is up and may continue in coming days. 
RESISTANCE 
RES. 1 
6651 
RES. 2 
6743 
GUARGUM 
DEC 
14690 
14700 
14170 
14260 
-3.39 
11139 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
14033 
SUPP. 2 
13807 
PIVOT 
14397 
Guargum Short term trend is downExpecting price may go downin coming days. 
RESISTANCE 
RES. 1 
14623 
RES. 2 
14987
Most Active Contract 
3 
TOP GAINERS 
SYMBOL 
EXPIRY DATE 
CURRENT PRICE 
CHANGE 
CHANGE % 
JEERA 
20-11-2014 
12020.00 
460.00 
3.98% 
CORIANDER 
20-11-2014 
12063.00 
186.00 
1.57% 
CASTOR SEED NEW 
20-11-2014 
4775.00 
72.00 
1.53% 
TURMERIC 
20-11-2014 
6342.00 
86.00 
1.37% 
COTTON SEED OIL CAKE AKOLA 
19-12-2014 
1349.00 
9.00 
0.67% 
CHANA 
20-11-2014 
3230.00 
14.00 
0.44% 
BARLEY 
20-11-2014 
1624.50 
4.50 
0.28% 
TOP LOSERS 
SYMBOL 
EXPIRY DATE 
CURRENT PRICE 
CHANGE 
CHANGE % 
SOYABEAN 
20-11-2014 
3223.00 
-21.00 
-0.65% 
GUR 
20-11-2014 
955.00 
-3.00 
-0.31% 
REFINED SOY OIL 
20-11-2014 
582.40 
-0.85 
-0.15% 
NCDEX INDICES 
Index 
Value 
Pre. Close 
% Change 
CASTORSEED 
4868 
4821 
0.97 
CHANA 
3211 
3195 
0.50 
CORIANDER 
12540 
12287 
2.06 
GUARGUM 
14260 
14760 
-3.39 
JEERA 
12140 
11745 
3.36 
MUSTARD SEED 
3830 
3833 
-0.08 
SOYABEAN 
3285 
3299 
-0.42 
TURMERIC 
6560 
6450 
1.71
Commodities In News 
4 
ECONOMIC NEWS 
Inflationisexpectedtoslowtoarecord-lowinOctober, draggedbysharpdropinfoodandoilprices,aReuterspollshowed,probablyintensifyingcallsforaninterestratecutbytheReserveBankofIndia.Thesurveyof27economistsandanalystspredictedconsumerpriceinflation(CPI),scheduledforreleaseonWednesday,cooledtoanannual5.80%inOctober.Iftheforecastismet,itwillbeevenlowerthanSeptember's6.46%andtheslowestpaceofpricerisesinceretailinflationnumberswerefirstpublishedinJanuary2012.ItwouldalsomaketheRBI'sinflationtargets-8%byJanuary2015and6%ayearlater-appearmoreattainable.Wholesalepriceinflationisforecasttoeasetoanearfive-yearlowof2.20%inOctoberfromSeptember's2.38%,theReuterspollshowed.ThisdatawillbereleasedonFriday.Therecentslowdownininflationhaslargelybeenduetofallinlocalfoodprices,whichaccountfor50%oftheCPIbasket,andCapitalEconomics'IndiaeconomistShilanShahsaiditcouldstillgolower."Overthecomingmonths,wesuspectthatbothmeasuresofinflationwillremainsubduedbypaststandards,Thepollalsopredictedindustrialproductiontohaveincreasedameager0.6%inSeptember,albeitbetterthanAugust's0.4%.ApoorfactoryoutputnumberonWednesdaywillimplyAsia'sthird- largesteconomymaystruggletomaintainarecentpickupingrowth."Monetarylooseningcouldcomeontotheagendasoonerthanmostseemtoexpect,".HesaidtheRBIcouldcutitsbenchmarkreporateby100basispointsto7%overthenext12to18months. 
CorianderfuturesarelikelytotradebullishonNCDEX.CorianderDecembercontracttradedupby2.06%to12540levelonTuesdayatNCDEX.However,corianderpricesinthespotmarketalsoroseduetofallinstocksindomesticandglobalmarkets.Thegovernment'sthirdadvanceestimatepeggedallIndiacorianderoutputat428000tonnesin2013-14(Oct-Sep)asagainst524000tonneslastyear.ExportsofcorianderduringApril-July2014haveincreased40percentto16000tonnesfrom11412tonnesayearago,accordingtothedatabytheSpicesBoardofIndia.However,aspermarketsource,robustexportsarelikelytoincreasetheacreageintherabiseason.CorianderiscommoninSouthAsian,MiddleEastern,CentralAsian,Mediterranean,Indian, Tex-Mex,LatinAmerican,Portuguese,Chinese,African,andScandinaviancuisine. 
Jeerafuturesareexpectedtotradeonapositivenote.Goodexportdemandanddemandfromthedomesticmarketsmaysupportprices. However,comfortablesuppliesmaycapsharpgains.JeeraDecembercontractsurgedupby3.36percentto12140onTuesdayatIndia'sNationalCommodity&DerivativeExchange(NCDEX).Pricesgainedoverthelastfewweeksonoverseasdemandandfirmexportsdata. Arrivalsbetweenat14000-15000bagsagainst10000bagsyesterdayinUnjhamarket.AreaunderjeerainGujaratwasreportedat455,000haasagainst335,200halastyearwhileabout390,000haweresowninRajasthan.Geo-politicaltensionsinSyriaandTurkeyhaveledtoasupplycrunchintheglobalmarketsraisingsupplyconcernsfromthetwomajorexportingcountries.ExportordersaredivertedtoIndia. ProductionisalsoexpectedtofallinSyriaandTurkeyduetocropfailure.ExportsofJeerabetweenApr-July2014stoodat58,000tn,up40%asagainst43,898tnbetweenApr-July2013,accordingtoSpicesBoard.
5 
FundamentalWatch : Sugar 
SUGAR PRICES AT KEY SPOT MARKET 
Steadytoweaksentimentsrecordedinkeysugarspotmarketstoday.Lacklustertradeandsluggishdemandledthepricessteadytoweakfortheday.TendersareinvitedbyTHEKAITHALCO- OPERATIVESUGARMILLSLIMITEDfortransportationofsugarcaneforCrushingSeason2014-15.Openingdatefortenderhasbeenfixedat12thDec,2014.Maharashtriangovt.formedSugarcanePriceControlBoardinthestateTamilNadugovt.hadexemptedpurchasetaxonsugarcanebutimposedanadditional5% VATonsugar.Theactislikelytohurtthelocalmillerswhoarealreadyfacingastiffpricecompetitionfromtheadjoiningareas(amidbetterrecoveryandlowercostofproduction)anddraughtconditioninthestate.Reportedly,sugarproductioninthestatedeclined43%from25.99lakhtonsin2006-07to14.73lakhtonsin2013-14.Totalaround14538bagsofgurstoredincoldstoragestill27thOct,2014lowercomparedto21599bagsatsameperiodlastyear.GurpricesfelldownandareexpectedtoscrolldownfurtheramidstgoodstockavailabilityintheMaharashtramarkets.ItisnotablethatcanehasdivertedmoretowardsgurproductioninPuneandSangliareathisyear.Inadditiontoit,marketparticipantsisexpectingearlyarrivalsofgurforthenextmarketingyearwhichdrivethepricessouthwardsinthemediumterm. 
Braziliangovt.furnishedanexportof2.1milliontonsofrawsugarinOctober,2014comparedto1.7milliontonslastmonth. Alsotheresawariseof0.03milliontonsofrawexportwhenmadecomparisonony-o-ybasis. 
CENTER 
11-Nov-14 
10-Nov-14 
%Change 
DELHI 
3050 
3050 
UNCH 
DHAMPUR 
NA 
NA 
- 
MUMBAI 
2956 
2986 
-30 
KOLHAPUR 
2800 
2900 
-100 
VIJAYWADA 
3450 
3450 
UNCH 
NAGPUR 
3150 
3150 
UNCH 
KOLKATA 
NA 
3125 
-
Technical Outlook 
6 
BUY DHANIYA DEC ABOVE 12575 TGTS 12605,12655 SL 12525 
SELL GUARGUM DEC BELOW 14170 TGTS 14120,14020 SL 14260 
BUY CASTORSEED DEC ABOVE 4925 TGTS 4955,5005 SL 4875 
BUY TMC DEC ABOVE 6610 TGTS 6660,6760 SL 6520
Disclaimer 
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them themost. 
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 positionsinthe stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not readany views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfingand 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 toforward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly bythem. If found so then Serious Legal Actions can be taken.

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Epic research daily agri report 12 nov 2014

  • 1. DAILY AGRI COMMODITY REPORT 12 NOVEMBER 2014 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 1 Epic Research India 411 Milinda Manor (Suites 409-417) 2 RNT Marg. Opp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 Our Presence YOUR MINTVISORYCall us at +91-731-6642300
  • 2. Market Views 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL DHANIYA DEC 12330 12655 12283 12540 +2.06 27180 INTRADAY LEVELS SUPPORT SUPP.1 12330 SUPP. 2 12121 PIVOT 12493 Dhaniya shortterm trend is up , further more upsideis expected in comimg days. RESISTANCE RES. 1 12702 RES. 2 12865 CASTORSEED DEC 4801 4907 4994 4868 0.97 167850 INTRADAY LEVELS SUPPORT SUPP. 1 4806 SUPP. 2 4743 PIVOT 4856 Castorseed short term trend is up,Prices expected to go up in coming days. RESISTANCE RES. 1 4919 RES. 2 4969 TURMERIC DEC 6490 6620 6406 6560 +1.71 8265 INTRADAY LEVELS SUPPORT SUPP. 1 6437 SUPP. 2 6315 PIVOT 6529 Turmeric shortterm trend is up and may continue in coming days. RESISTANCE RES. 1 6651 RES. 2 6743 GUARGUM DEC 14690 14700 14170 14260 -3.39 11139 INTRADAY LEVELS SUPPORT SUPP. 1 14033 SUPP. 2 13807 PIVOT 14397 Guargum Short term trend is downExpecting price may go downin coming days. RESISTANCE RES. 1 14623 RES. 2 14987
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % JEERA 20-11-2014 12020.00 460.00 3.98% CORIANDER 20-11-2014 12063.00 186.00 1.57% CASTOR SEED NEW 20-11-2014 4775.00 72.00 1.53% TURMERIC 20-11-2014 6342.00 86.00 1.37% COTTON SEED OIL CAKE AKOLA 19-12-2014 1349.00 9.00 0.67% CHANA 20-11-2014 3230.00 14.00 0.44% BARLEY 20-11-2014 1624.50 4.50 0.28% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % SOYABEAN 20-11-2014 3223.00 -21.00 -0.65% GUR 20-11-2014 955.00 -3.00 -0.31% REFINED SOY OIL 20-11-2014 582.40 -0.85 -0.15% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4868 4821 0.97 CHANA 3211 3195 0.50 CORIANDER 12540 12287 2.06 GUARGUM 14260 14760 -3.39 JEERA 12140 11745 3.36 MUSTARD SEED 3830 3833 -0.08 SOYABEAN 3285 3299 -0.42 TURMERIC 6560 6450 1.71
  • 4. Commodities In News 4 ECONOMIC NEWS Inflationisexpectedtoslowtoarecord-lowinOctober, draggedbysharpdropinfoodandoilprices,aReuterspollshowed,probablyintensifyingcallsforaninterestratecutbytheReserveBankofIndia.Thesurveyof27economistsandanalystspredictedconsumerpriceinflation(CPI),scheduledforreleaseonWednesday,cooledtoanannual5.80%inOctober.Iftheforecastismet,itwillbeevenlowerthanSeptember's6.46%andtheslowestpaceofpricerisesinceretailinflationnumberswerefirstpublishedinJanuary2012.ItwouldalsomaketheRBI'sinflationtargets-8%byJanuary2015and6%ayearlater-appearmoreattainable.Wholesalepriceinflationisforecasttoeasetoanearfive-yearlowof2.20%inOctoberfromSeptember's2.38%,theReuterspollshowed.ThisdatawillbereleasedonFriday.Therecentslowdownininflationhaslargelybeenduetofallinlocalfoodprices,whichaccountfor50%oftheCPIbasket,andCapitalEconomics'IndiaeconomistShilanShahsaiditcouldstillgolower."Overthecomingmonths,wesuspectthatbothmeasuresofinflationwillremainsubduedbypaststandards,Thepollalsopredictedindustrialproductiontohaveincreasedameager0.6%inSeptember,albeitbetterthanAugust's0.4%.ApoorfactoryoutputnumberonWednesdaywillimplyAsia'sthird- largesteconomymaystruggletomaintainarecentpickupingrowth."Monetarylooseningcouldcomeontotheagendasoonerthanmostseemtoexpect,".HesaidtheRBIcouldcutitsbenchmarkreporateby100basispointsto7%overthenext12to18months. CorianderfuturesarelikelytotradebullishonNCDEX.CorianderDecembercontracttradedupby2.06%to12540levelonTuesdayatNCDEX.However,corianderpricesinthespotmarketalsoroseduetofallinstocksindomesticandglobalmarkets.Thegovernment'sthirdadvanceestimatepeggedallIndiacorianderoutputat428000tonnesin2013-14(Oct-Sep)asagainst524000tonneslastyear.ExportsofcorianderduringApril-July2014haveincreased40percentto16000tonnesfrom11412tonnesayearago,accordingtothedatabytheSpicesBoardofIndia.However,aspermarketsource,robustexportsarelikelytoincreasetheacreageintherabiseason.CorianderiscommoninSouthAsian,MiddleEastern,CentralAsian,Mediterranean,Indian, Tex-Mex,LatinAmerican,Portuguese,Chinese,African,andScandinaviancuisine. Jeerafuturesareexpectedtotradeonapositivenote.Goodexportdemandanddemandfromthedomesticmarketsmaysupportprices. However,comfortablesuppliesmaycapsharpgains.JeeraDecembercontractsurgedupby3.36percentto12140onTuesdayatIndia'sNationalCommodity&DerivativeExchange(NCDEX).Pricesgainedoverthelastfewweeksonoverseasdemandandfirmexportsdata. Arrivalsbetweenat14000-15000bagsagainst10000bagsyesterdayinUnjhamarket.AreaunderjeerainGujaratwasreportedat455,000haasagainst335,200halastyearwhileabout390,000haweresowninRajasthan.Geo-politicaltensionsinSyriaandTurkeyhaveledtoasupplycrunchintheglobalmarketsraisingsupplyconcernsfromthetwomajorexportingcountries.ExportordersaredivertedtoIndia. ProductionisalsoexpectedtofallinSyriaandTurkeyduetocropfailure.ExportsofJeerabetweenApr-July2014stoodat58,000tn,up40%asagainst43,898tnbetweenApr-July2013,accordingtoSpicesBoard.
  • 5. 5 FundamentalWatch : Sugar SUGAR PRICES AT KEY SPOT MARKET Steadytoweaksentimentsrecordedinkeysugarspotmarketstoday.Lacklustertradeandsluggishdemandledthepricessteadytoweakfortheday.TendersareinvitedbyTHEKAITHALCO- OPERATIVESUGARMILLSLIMITEDfortransportationofsugarcaneforCrushingSeason2014-15.Openingdatefortenderhasbeenfixedat12thDec,2014.Maharashtriangovt.formedSugarcanePriceControlBoardinthestateTamilNadugovt.hadexemptedpurchasetaxonsugarcanebutimposedanadditional5% VATonsugar.Theactislikelytohurtthelocalmillerswhoarealreadyfacingastiffpricecompetitionfromtheadjoiningareas(amidbetterrecoveryandlowercostofproduction)anddraughtconditioninthestate.Reportedly,sugarproductioninthestatedeclined43%from25.99lakhtonsin2006-07to14.73lakhtonsin2013-14.Totalaround14538bagsofgurstoredincoldstoragestill27thOct,2014lowercomparedto21599bagsatsameperiodlastyear.GurpricesfelldownandareexpectedtoscrolldownfurtheramidstgoodstockavailabilityintheMaharashtramarkets.ItisnotablethatcanehasdivertedmoretowardsgurproductioninPuneandSangliareathisyear.Inadditiontoit,marketparticipantsisexpectingearlyarrivalsofgurforthenextmarketingyearwhichdrivethepricessouthwardsinthemediumterm. Braziliangovt.furnishedanexportof2.1milliontonsofrawsugarinOctober,2014comparedto1.7milliontonslastmonth. Alsotheresawariseof0.03milliontonsofrawexportwhenmadecomparisonony-o-ybasis. CENTER 11-Nov-14 10-Nov-14 %Change DELHI 3050 3050 UNCH DHAMPUR NA NA - MUMBAI 2956 2986 -30 KOLHAPUR 2800 2900 -100 VIJAYWADA 3450 3450 UNCH NAGPUR 3150 3150 UNCH KOLKATA NA 3125 -
  • 6. Technical Outlook 6 BUY DHANIYA DEC ABOVE 12575 TGTS 12605,12655 SL 12525 SELL GUARGUM DEC BELOW 14170 TGTS 14120,14020 SL 14260 BUY CASTORSEED DEC ABOVE 4925 TGTS 4955,5005 SL 4875 BUY TMC DEC ABOVE 6610 TGTS 6660,6760 SL 6520
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