Epic Research Private Limited is awarded with the Service Excellence Award in the financial services sector for providing consultation regarding Capital Stock Market of India and other global markets.

1. DAILY AGRI COMMODITY REPORT
01 March 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
YOURMINTVISORY Call us at +91-731-6642300

2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 8700 8710 8590 8688 -0.28 6595
INTRADAY
LEVELS
SUPPORT SUPP. 1
8615
SUPP. 2
8543
PIVOT
8663
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8735
RES. 2
8783
CORIANDER
APR 6400 6476 6308 6360 +0.03 5290
INTRADAY
LEVELS
SUPPORT SUPP.1
6287
SUPP. 2
6213
PIVOT
6381
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
6455
RES. 2
6549
GUARGUM
MAR 5600 5610 5380 5400 -3.40 14913
INTRADAY
LEVELS
SUPPORT SUPP. 1
5317
SUPP. 2
5233
PIVOT
5463
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
5547
RES. 2
5693
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED - - -
CHANA 4172 4258 -2.02
CORIANDER 6360 6358 +0.03
GUARGUM 5400 5590 -3.40
JEERA 13925 14155 -1.62
MUSTARD
SEED
3878 3941 -1.60
SOYABEAN 3653 3716 -1.70
TURMERIC 8688 8712 -0.28
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 18-03-2016 13925.00 -275.00 -1.94%
RAPESEED-MUSTARD
SEED
20-04-2016 3878.00 -56.00 -1.42%
SOYABEAN 18-03-2016 3653.00 -30.00 -0.81%
TURMERIC 20-04-2016 8688.00 -36.00 -0.41%
BARLEY 20-04-2016 1397.50 -5.50 -0.39%
CHANA 20-04-2016 4172.00 -14.00 -0.33%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CORIANDER 20-04-2016 6360.00 127.00 2.04%

4. Commodities In News
4
ECONOMIC NEWS
With a special focus on agriculture, Finance Minister Arun Jaitley in his
Budget 2016 speech highlighted the various measures that the Modi
government plans to take for the sector. "Special focus has been given on
timely credit to farmers," Jaitley said."Rs 35,984 crore allocated for
agriculture in 2016-17. We are targeting Rs 8.5 lakh crore of agricultural
credit in 2015-2016 and Rs 9 lakh crore in 2016-17," he said."A unified
agriculture platform will be dedicated to the nation on the birth anniversary
of BR Ambedkar," Jaitley announced. "Soil health card scheme will be
implemented with greater vigour, all 14,000 crore farms will be included
under it by 2017," Jaitley added.Jaitley started his speech by stressing on
Indian economy's resilience amidst the current global economic turmoil.
"Global economy is in a serious crisis. Financial markets have been
battered but Indian economy has held its ground firmly.""IMF has hailed
India as a bright spot. Let us look at our achievements compared to the last
three years of the last government. We inherited an economy with low
growth and high inflation," Jaitley said."We have bridged the trust deficit
created by the previous government," Jaitley added.From focus on
agriculture to tax and financial sector reforms, Jaitley outlined nine pillars
to transform India: Agriculture and farmer welfare with an aim to double
farmers' income in the next five years; Rural sector; Social sector including
healthcare; Educational skills and job creation to make India a knowledge
based and productive economy; Infrastructure investment to enhance
quality of life; Financial sector reforms;Governance reforms and ease of
doing business; Prudent management of government finances and Tax
reforms to reduce compliance burden.As the Union budget has proposed to
spend Rs 86,500 crore on 89 irrigation projects in next five years, activists
have cautioned the government to prioratise only such projects, on which, a
large portion of the project cost has already been spent and instead
prioritise the small scale irrigation projects.Parineeta Dandekar, Associate
Coordinator, South Asia Network on Dams, Rivers and People said,
"Recent large irrigation projects, especially in Maharashtra and Andhra
Pradesh have been resounding and costly failure.
Ref Soya oil settled up due to lower level buying and steady demand
by the stockists. India's export of oilmeals during January 2016 is
reported ever lowest at 17,243 tons, down 91% as compared to 185,654
tons in the same month of previous year, according to data compiled by
Solvent Extractors' Association (SEA). The overall export of oilmeals
during April 2015 to January 2016 is more than halved to 1,005,085
tons.India exported 2,047,937 tons of oilmeal during the same period of
last year and 3,646,095 tons in 2013-14. Soymeal exports touched an
all time low of 7,707 tonnes in January this year, due to higher bean
prices in the domestic market. The export during April-January period
of the current fiscal declined by 87 per cent to 69,266 tonnes compared
to 5.35 lakh tonnes in the same period of previous year. As per latest
SEA data, edible oils import rose to 14.07 lt in December last year
from 11.23 lt in December 2014.However, imports of non-edible oils
fell to 11,467 tonnes from 17,996 tonnes in the year-ago period. The oil
industry has asked government to increase the duty to 45% from the
current 12.5% to give support to indigenous industry.
Turmeric settled down on improved arrivals of medium quality
turmeric. New Turmeric supply reported in the domestic market
pressurizes the prices at higher levels. In Nizamabad indicative market,
supply reported last week ending 53000 bags as compared to previous
week 49000 bags. In Sangli market reported 37050 bags, in Erode
market reported 16900 bags, in Duggirala market reported 1634 qtls
etc. There are reports of production concern due to drought in
Maharashtra and Andhra Pradesh.There is concern over production due
to heavy rains during Nov-Dec in south India. Deficient rainfall in
during early part of sowing in major Turmeric growing regions of
Maharashtra and Karnataka may reduce the yield. As per dept of
commerce data, turmeric exports until Nov 2015 pegged at 50,916
tonnes while the export for the 2014-15 is 90,738 tonnes compared to
78,360 tonnes in FY14. As on latest sowing data, turmeric sowing In
AP, Telangana is lower than the normal sowing area. The traders are
keen in buying the quality turmeric.

5. 5
Fundamental Watch : Chana
CHANA PRICES AT KEY SPOT MARKETNational Market Update
Tur prices have shown some firmness due to lower arrivals in the mandis
and increase in CnF prices of Burmese tur. Arrivals are lower in the mandis as
farmers are holding their crop in expectation of higher price in the future. At
present arrivals in Amravati mandi is in the range of 3000-4000 bags per day
with price range of Rs 8000-8500 per bag.
Department of Agriculture has revised down Tur production estimate to 2.55
MMT from targeted estimate of 3.67 MMT. Despite higher coverage area, tur
production has been lowered down due to lower yield expectation.Tur
production estimate is around 2.49 MMT.
According to the Second Advance Estimate by Government, Gram
production estimate has been revised down to 8.09 MMT from targeted
estimate of 9.50 MMT. Gram production estimate has been lowered due to
lower area coverage against higher coverage expectation .AW estimate is
around 7.89 MMT, even lower by 0.20 thousand tonne from government
current estimate.
According to the latest inflation update released by Government of India,
Pulses Monthly Wholesale Price Index for the month of January is 370.1
which are around 2.1 % lower than the month of December. In month of
December Wholesale Price Index was 378.2.
CENTER 29-Feb-15 28-Jan-15 Change
AHMEDNAGAR 4300 4300 UNCH
ALWAR NA 4100 -
GWALIOR 4350 4350 UNCH
JAIPUR 4550 4500 +50
KANPUR 4925 4850 +75
NAGPUR 4100 4100 UNCH
VIJAYWADA 4770 4800 -30

6. Technical Outlook
6
SELL CORIANDER APR BELOW 6360 TARGET 6315 6165 SL
ABOVE 6425
BUY GUARGUM MAR ABOVE 5440 TARGET 5490 5560 SL
BELOW 5380
SELL TURMERIC APRIL BELOW 8660 TARGET 8616 8556 SL
ABOVE 8720

7. 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.