Epic Research Limited consists team of proficient market experts. We offer daily reports on market to facilitate traders gain a quick overview on market's performance .

1. DAILY AGRI COMMODITY REPORT
13 APRIL 2017
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 MINTVISORY Call us at +91-731-6642300

2. Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
APR 6144 6144 6050 6108 -0.49 250
INTRADAY
LEVELS
SUPPORT SUPP. 1
6057
SUPP. 2
6007
PIVOT
6101
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6151
RES. 2
6195
CORIANDER
APR 7030 7200 6940 7174 0.9 3480
INTRADAY
LEVELS
SUPPORT SUPP.1
7009
SUPP. 2
6845
PIVOT
7105
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7269
RES. 2
7365
GUARGUM 5MT
APR 8264 8421 8215 8421 2.80 435
INTRADAY
LEVELS
SUPPORT SUPP. 1
8284
SUPP. 2
8146
PIVOT
8352
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
8490
RES. 2
8558
CASTORSEED
FEB - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed 4728 4722 0.13
Chana - - -
Coriander 7174 7105 0.97
Guargum5MT 8421 8188 2.85
Jeera 19090 19340 -1.29
Musterseed 3840 3802 1.00
Soybean 2890 2843 1.65
Turmeric 6108 6138 -0.49
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
SOY BEAN 20-04-2017 2890.00 45.00 1.58%
CORIANDER 20-04-2017 7174.00 88.00 1.24%
GUAR SEED 10 MT 20-04-2017 3971.00 41.00 1.04%
SOYAMEAL-DOMESTIC 20-04-2017 24500.00 250.00 1.03%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-04-2017 2050.00 -40.00 -1.91%
JEERA 20-04-2017 19090.00 -325.00 -1.67%
MAIZE -
FEED/INDUSTRIAL
GRADE
20-04-2017 1450.00 -15.00 -1.02%

4. Commodities In News
4
ECONOMIC NEWS
➢ A good monsoon that led to record sowing and production of pulses --
especially tur dal (pigeon pea) -- has almost halved their wholesale and
retail prices in 2017, a year after dal prices skyrocketed to Rs 200 per kg in
some cities at the end of 2015. In many state-regulated agricultural markets
of major tur-producing states such as Maharashtra and Karnataka, prices
have fallen to Rs 4,000 per quintal in some markets, 20 per cent below the
minimum support price (MSP) of Rs 5,050 per quintal (including a bonus
of Rs 425) since December 2016. A ban on exports, restrictions on
stocking by private agencies in a bumper-crop year and absence of futures
trading in agricultural commodities have been cited as key reasons for
pulses to follow "the usual roller-coaster of high and low prices" in
consecutive years, wrote Ashok Gulati, Infosys Chair professor for
agriculture at the Indian Council for Research on International Economic
Relations, in The Indian Express.
➢ The National Bank for Agriculture and Rural Development (Nabard)
today described farm loan waivers as a "moral hazard" and said such
facilities should be targeted only to the needy. "Debt waivers create a moral
hazard from a credit repayment perspective and we cannot have omnibus
waivers," chairman Harsh Kumar Bhanwala told reporters here, a week
after UP government announced a Rs 36,000-crore farm loan waiver
package. With demands for similar measures on in other states like
Haryana, Maharashtra and Tamil Nadu, Bhanwala said there is a need to
look at the moral hazards which such schemes create and targeting such
schemes only to the needy farmers. He said every time a debt waiver is
announced, it is taxpayers' money which is used to help bail out the
farmers. The comments come days after Reserve Bank Governor Urjit
Patel also expressed strong displeasure over such measures. Nabard today
reported a 4.24 per cent increase in its post tax net for 2016-17 at Rs 2,631
crore, and a 16.27 per cent expansion in its outstanding loans at Rs 3.08
trillion.
➢ Turmeric futures edged lower on NCDEX due to higher supplies
from the producing regions. Turmeric arrival in the country is on higher
side during second half of March at 79,534 tons compared to 63,965
tons during last month same period. The contract for April delivery was
trading at Rs 6106.00, down by 0.52% or Rs 32.00 from its previous
closing of Rs 6138.00. The open interest of the contract stood at 655
lots. The contract for May delivery was trading at Rs 6220.00, down by
0.48% or Rs 30.00 from its previous closing of Rs 6250.00. The open
interest of the contract stood at 19325 lots on NCDEX.
➢ Jeera futures traded lower on NCDEX on heavy arrivals from the
major growing regions in Gujarat and Rajasthan. Though, some losses
were capped on expectation of higher exports demand at the spot
market. The contract for April delivery was trading at Rs 19010, down
by 1.71% or Rs 330.00 from its previous closing of Rs 19340. The
open interest of the contract stood at 525 lots. The contract for May
delivery was trading at Rs 19110, down by 1.97% or Rs 385.00 from
its previous closing of Rs 19495. The open interest of the contract
stood at 18540 lots on NCDEX.
➢ Soyabean futures traded higher on NCDEX on account of lower
arrivals in the mandis due to hoarding by farmers and demand hopes
also supporting prices. Though, the soybean market is struggling under
the pressure of a global supply glut. The US Department of Agriculture
raised its forecast of global soybean stocks at the end of the 2016-17
marketing year to 87.41 million tonnes, from 82.82 million in March
and well above an average of trade estimates for 83.91 million. The
contract for April delivery was trading at Rs 2882.00, up by 1.37% or
Rs 39.00 from its previous closing of Rs 2843.00. The open interest of
the contract stood at 22840 lots. The contract for May delivery was
trading at Rs 2942.00, up by 0.82% or Rs 24.00 from its previous
closing of Rs 2918.00.

5. Technical Outlook
5
BUY CORIANDER APRABOVE 7180 TARGET 7210 7250 7300 SL
BELOW 7130
BUY TURMERIC MAYABOVE 6110 TARGET 6140 6180 6230 SL
BELOW 6060
BUY GUARGUM5 MAYABOVE 8450 TARGET 8480 8540 8590
SL BELOW 8400

6. 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.
Lovelesh
Sharma
Digitally signed by Lovelesh Sharma
DN: cn=Lovelesh Sharma c=IN
o=Personal
Reason: I am the author of this document
Location:
Date: 2017-04-12 21:12+05:30