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DAILY AGRI COMMODITY REPORT
27 October 2016
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1
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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
Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
SEP 7030 7150 7030 7070 0.91 1955
INTRADA
Y LEVELS
SUPPORT SUPP.1
7016
SUPP. 2
6963
PIVOT
7083
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7136
RES. 2
7203
CORIANDER
SEP 7333 7376 7300 7320 0.10 1030
INTRADAY
LEVELS
SUPPORT SUPP.1
7288
SUPP. 2
7256
PIVOT
7332
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7364
RES. 2
7408
GUARGUM
OCT 6473 6525 6311 6345 -2.38 15850
INTRADAY
LEVELS
SUPPORT SUPP. 1
6262
SUPP. 2
6179
PIVOT
6393
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6476
RES. 2
6607
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed - - -
Chana - - -
Coriander 7317 7320 -0.04
Guargum5MT 6549 6525 -1.23
Jeera 16810 17315 -2.92
Mustard seed 4498 4517 -0.42
Soybean 3131 3102 0.93
Turmeric 7250 7198 0.72
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
WHEAT 18-11-2016 1937.00 36.00 1.89%
SOY BEAN 18-11-2016 3131.00 33.00 1.07%
REF SOYA OIL 18-11-2016 677.00 5.45 0.81%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
JEERA 18-11-2016 16810.00 -500.00 -2.89%
GUAR SEED 10 MT 18-11-2016 3397.00 -50.00 -1.45%
COTTON SEED OIL CAKE
AKOLA
20-12-2016 1905.00 -15.00 -0.78%
SUGAR M GRADE 20-12-2016 3485.00 -10.00 -0.29%
Commodities In News
4
ECONOMIC NEWS
 Farmers from Maharashtra and Karnataka unanimously decided to
demand Rs 3200/tonne as the first installment of cane payment, 23% higher
than the highest payable fair and remunerative price in the state and warned
that they will not allow mills to begin operations unless this rate is
accepted. "sugar mills have sold most of their sugar. Imports are not
feasible. Sugar prices are going to increase and this is the right time to
fight," said Raju Shetty, founded leader of the 15th sugar cane conference
at Jaisinghpur in Kolhapur, proving yet again his absolute control over the
sugarcane farmers in the state. Karnataka Rajya Rayat Sangh president
Kudiyali Chandrashekhar said, "We will ask for the same rate for
Karnataka farmers that Raju Shetty will ask for farmers in Maharashtra.“
Various leaders of the Sangathana told farmers to not be in rush to cut their
cane. "Sugar prices are going to remain bullish. Cane is less, many mills
are going to remain closed. Your cane is going to get rate like gold. Get
ready to fight," they advised the gathering. As the crushing season is
expected to run only for about 100 to 110 day due to shortage of cane,
instead of the normal duration of about 150 days, the Sangathana is
determined to fight hard to get cane price higher than the FRI.
 Indian importers of peas and lentil are facing problem now toimport
pulses from earlier struck deals as prices of puleses have decreased more
than30/35 % in last two months on the back of bumper overseas and
domestic production.There is a gossip in the market that importers are
engaged in renegociating deals for around 5 lakh tonne lentil and
peas.They are pressurizing suppliers in Canada,North America,Europe and
Ukraine/Russia to provide discount under emerging bearish scenario.
Bumper domestic kharif production.better rabi production prospects,higher
volume of import,around3MMT in next three months,ample availability in
global market and steps taken by Indian govt.may pressurize pulses prices
in 2016-17.pulses import volume may decline to 4.8 MMT in 2016-
17.Domestic production may cross 20MMT this year.All these
developments would restrict uptrend this year.
 Soyabean futures edged higher on NCDEX, tracked by higher prices
in overseas market following strong demand from China, the world's
biggest importer. However, arrival of new season crop from Madhya
Pradesh, Rajasthan and Maharashtra along with hopes of bumper crop
output capped some gains. Meanwhile, the central government has
allowed procurement of soybean at minimum support price in
Maharashtra, the second largest grower of the commodity. The
government agencies procure a crop at the minimum support price
when prices fall below it in the spot markets. The contract for
November delivery was trading at Rs 3123.00, up by 0.68% or Rs
21.00 from its previous closing of Rs 3102.00.The open interest of the
contract stood at 110630 lots. The contract for December delivery was
trading at Rs 3208.00, up by 0.75% or Rs 24.00 from its previous
closing of Rs 3184.00. The open interest of the contract stood at 70690
lots on NCDEX.
 Turmeric futures edged higher on NCDEX due to expectation of
good demand from domestic as well as upcountry buyers ahead of
festival season. Though, higher arrivals from major producing belts
capped some gains in turmeric futures. The contract for November
delivery was trading at Rs 7318.00, up by 1.67% or Rs 120.00 from its
previous closing of Rs 7198.00. The open interest of the contract stood
at 10230 lots. The contract for December delivery was trading at Rs
7130.00, up by 1.77% or Rs 124.00 from its previous closing of Rs
7006.00.
 Jeera futures edged lower on NCDEX as speculators booked profits
at prevailing levels amid lower domestic and exports demand at the
spot market. Besides, expectation of better crop next year also fuelled
the downtrend. The contract for November delivery was trading at Rs
17310.00, down by 0.03% or Rs 5.00 from its previous closing of Rs
17315.00. The open interest of the contract stood at 8166 lots. The
contract for December delivery was trading at Rs 17530.00, down by
0.17% or Rs 30.00 from its previous closing of Rs 17560.00.
Technical Outlook
5
SELL CORIANDER NOV BELOW 7251 TARGET 7206 7106 SL
ABOVE 7316
SELL GUARGUM5 NOV BELOW 6375 TARGET 6325 6255 SL
ABOVE 6445
SELL TURMERIC NOV BELOW 7250 TARGET 7206 7146 SL
ABOVE 7310
Disclaimer
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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
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Epic research daily agri report 27 oct 2016

  • 1. DAILY AGRI COMMODITY REPORT 27 October 2016 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 SEP 7030 7150 7030 7070 0.91 1955 INTRADA Y LEVELS SUPPORT SUPP.1 7016 SUPP. 2 6963 PIVOT 7083 Turmeric short term trend is bearish and May continue in coming days. RESISTA NCE RES. 1 7136 RES. 2 7203 CORIANDER SEP 7333 7376 7300 7320 0.10 1030 INTRADAY LEVELS SUPPORT SUPP.1 7288 SUPP. 2 7256 PIVOT 7332 Coriander short term trend is bearish and May continue in coming days. RESISTA NCE RES. 1 7364 RES. 2 7408 GUARGUM OCT 6473 6525 6311 6345 -2.38 15850 INTRADAY LEVELS SUPPORT SUPP. 1 6262 SUPP. 2 6179 PIVOT 6393 Guargum short term trend is bearish and May continue in coming days. RESISTA NCE RES. 1 6476 RES. 2 6607 CASTORSEED - - - - - - - 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 - - - Chana - - - Coriander 7317 7320 -0.04 Guargum5MT 6549 6525 -1.23 Jeera 16810 17315 -2.92 Mustard seed 4498 4517 -0.42 Soybean 3131 3102 0.93 Turmeric 7250 7198 0.72 TOP GAINERS Symbol Expiry Date Current Price Change Change % WHEAT 18-11-2016 1937.00 36.00 1.89% SOY BEAN 18-11-2016 3131.00 33.00 1.07% REF SOYA OIL 18-11-2016 677.00 5.45 0.81% TOP LOSERS Symbol Expiry Date Current Price Change Change % JEERA 18-11-2016 16810.00 -500.00 -2.89% GUAR SEED 10 MT 18-11-2016 3397.00 -50.00 -1.45% COTTON SEED OIL CAKE AKOLA 20-12-2016 1905.00 -15.00 -0.78% SUGAR M GRADE 20-12-2016 3485.00 -10.00 -0.29%
  • 4. Commodities In News 4 ECONOMIC NEWS  Farmers from Maharashtra and Karnataka unanimously decided to demand Rs 3200/tonne as the first installment of cane payment, 23% higher than the highest payable fair and remunerative price in the state and warned that they will not allow mills to begin operations unless this rate is accepted. "sugar mills have sold most of their sugar. Imports are not feasible. Sugar prices are going to increase and this is the right time to fight," said Raju Shetty, founded leader of the 15th sugar cane conference at Jaisinghpur in Kolhapur, proving yet again his absolute control over the sugarcane farmers in the state. Karnataka Rajya Rayat Sangh president Kudiyali Chandrashekhar said, "We will ask for the same rate for Karnataka farmers that Raju Shetty will ask for farmers in Maharashtra.“ Various leaders of the Sangathana told farmers to not be in rush to cut their cane. "Sugar prices are going to remain bullish. Cane is less, many mills are going to remain closed. Your cane is going to get rate like gold. Get ready to fight," they advised the gathering. As the crushing season is expected to run only for about 100 to 110 day due to shortage of cane, instead of the normal duration of about 150 days, the Sangathana is determined to fight hard to get cane price higher than the FRI.  Indian importers of peas and lentil are facing problem now toimport pulses from earlier struck deals as prices of puleses have decreased more than30/35 % in last two months on the back of bumper overseas and domestic production.There is a gossip in the market that importers are engaged in renegociating deals for around 5 lakh tonne lentil and peas.They are pressurizing suppliers in Canada,North America,Europe and Ukraine/Russia to provide discount under emerging bearish scenario. Bumper domestic kharif production.better rabi production prospects,higher volume of import,around3MMT in next three months,ample availability in global market and steps taken by Indian govt.may pressurize pulses prices in 2016-17.pulses import volume may decline to 4.8 MMT in 2016- 17.Domestic production may cross 20MMT this year.All these developments would restrict uptrend this year.  Soyabean futures edged higher on NCDEX, tracked by higher prices in overseas market following strong demand from China, the world's biggest importer. However, arrival of new season crop from Madhya Pradesh, Rajasthan and Maharashtra along with hopes of bumper crop output capped some gains. Meanwhile, the central government has allowed procurement of soybean at minimum support price in Maharashtra, the second largest grower of the commodity. The government agencies procure a crop at the minimum support price when prices fall below it in the spot markets. The contract for November delivery was trading at Rs 3123.00, up by 0.68% or Rs 21.00 from its previous closing of Rs 3102.00.The open interest of the contract stood at 110630 lots. The contract for December delivery was trading at Rs 3208.00, up by 0.75% or Rs 24.00 from its previous closing of Rs 3184.00. The open interest of the contract stood at 70690 lots on NCDEX.  Turmeric futures edged higher on NCDEX due to expectation of good demand from domestic as well as upcountry buyers ahead of festival season. Though, higher arrivals from major producing belts capped some gains in turmeric futures. The contract for November delivery was trading at Rs 7318.00, up by 1.67% or Rs 120.00 from its previous closing of Rs 7198.00. The open interest of the contract stood at 10230 lots. The contract for December delivery was trading at Rs 7130.00, up by 1.77% or Rs 124.00 from its previous closing of Rs 7006.00.  Jeera futures edged lower on NCDEX as speculators booked profits at prevailing levels amid lower domestic and exports demand at the spot market. Besides, expectation of better crop next year also fuelled the downtrend. The contract for November delivery was trading at Rs 17310.00, down by 0.03% or Rs 5.00 from its previous closing of Rs 17315.00. The open interest of the contract stood at 8166 lots. The contract for December delivery was trading at Rs 17530.00, down by 0.17% or Rs 30.00 from its previous closing of Rs 17560.00.
  • 5. Technical Outlook 5 SELL CORIANDER NOV BELOW 7251 TARGET 7206 7106 SL ABOVE 7316 SELL GUARGUM5 NOV BELOW 6375 TARGET 6325 6255 SL ABOVE 6445 SELL TURMERIC NOV BELOW 7250 TARGET 7206 7146 SL ABOVE 7310
  • 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.