Epic Research has proven itself as one of the primary platforms for share market tips. Our opinion are based on Indian share market fundamental, technical & equity research. we offer wide range of service packs related to these segment.

1. DAILY AGRI COMMODITY REPORT
20 January 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 9248 9340 8704 8704 -5.98 19680
INTRADAY
LEVELS
SUPPORT SUPP. 1
8492
SUPP. 2
8280
PIVOT
8916
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
9128
RES. 2
9552
CORIANDER
APR 6668 6935 6371 6585 -2.55 12010
INTRADAY
LEVELS
SUPPORT SUPP.1
6326
SUPP. 2
6066
PIVOT
6630
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
6890
RES. 2
7194
GUARGUM
FEB 6060 6080 5790 5790 -3.98 13291
INTRADAY
LEVELS
SUPPORT SUPP. 1
5693
SUPP. 2
5597
PIVOT
5887
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5983
RES. 2
6177
CASTORSEED
FEB 3519 3531 3459 3500 -0.65 54560
INTRADAY
LEVELS
SUPPORT SUPP. 1
3462
SUPP. 2
3425
PIVOT
3497
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
3534
RES. 2
3569

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3408 3459 -1.47
CHANA 4825 4822 +0.06
CORIANDER 6180 6408 -3.56
GUARGUM 5760 5990 -3.84
JEERA 13350 13495 -1.07
MUSTARD
SEED
4490 4517 -0.60
SOYABEAN 3750 3700 +1.35
TURMERIC 8704 9258 -5.98
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-04-2016 8704.00 -554.00 -5.98%
CORIANDER 20-01-2016 6180.00 -228.00 -3.56%
COTTON SEED OIL CAKE
AKOLA
20-01-2016 2030.00 -49.00 -2.36%
CASTOR SEED NEW 20-01-2016 3408.00 -42.00 -1.22%
JEERA 20-01-2016 13350.00 -140.00 -1.04%
RAPESEED-MUSTARD
SEED
20-01-2016 4490.00 -28.00 -0.62%
CHANA 20-01-2016 4825.00 -9.00 -0.19%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
BARLEY 20-01-2016 1334.00 19.00 1.44%
SOYABEAN 20-01-2016 3750.00 42.00 1.13%

4. Commodities In News
4
ECONOMIC NEWS
Pulses production in the country is expected to be only tad higher than
last year and measures are being taken to meet the demand through
imports, Union Food and Consumer Affairs Minister Ram Vilas Paswan
said." this year our production may be some more, but I think that it will
remain like last year 172 lakh tonnes, may be 175 lakh tonnes, but our
demand will be around 235 lakh tonnes," Paswan said.Paswan was
addressing the consultation meeting of the southern region organised by
Ministry of Consumer Affairs, Food and Public Distribution, aimed at
enhancing the consumer advocacy efforts and issues related to consumer
affairs.Stating that the government is already planning for imports to
address the shortage, Paswan said, "We have asked the Commerce
department that as early as possible permissions be given for imports.""We
have also started buffer stocks for the pulses in some states that I have
visited like Telangana and Andhra Pradesh, FCI is purchasing the
pulses."Pointing out that pulses is the "only item" whose prices are going
up, Paswan said the rise in prices is due to the demand-supply
mismatch.He said the "reason behind it is, in 2013-14 our production was
192 lakh tonnes, this year it was 172 lakh tonnes so there was 20 lakh
tonnes shortage in production; and our demand is 226 lakh tonnes.""we
have imported 45 lakh tonnes, it was 11 lakh tonnes gap," he added.
 Noting that global commodities markets are behaving in an abnormal
way, Niti Aayog member Ramesh Chand warned that the country's farm
sector crisis is expected to deepen further in 2016-17 if the current trend of
falling global commodities prices is not reversed.He also pitched for more
private sector involvement, reforms in land lease policy and easy market
access, while emphasizing the need to train farmers with additional skills to
get jobs outside farming to tide over the agricultural crisis "At present, the
market is not behaving in a normal manner. As a result, the crisis (in
agriculture sector) is deepening," Chand said while delivering the keynote
address at a national conference on sustainable agriculture .
Turmeric settled down as the buyers are reported to be unresponsive
towards bulk buying as they are waiting for new crop to enter in
coming days and the farmers in the Western region are preparing to
embrace the harvest season & hoping for a bumper harvest as the yield
is expected to go up due to higher cultivation area. Traders are
expecting that fresh arrivals will hit the market by this month end as
harvesting also running in full swing, which might weigh down on
prices in coming days.Though there are, reports of production concern
sue to drought in Maharashtra and Andhra Pradesh. There is concern
over production due to heavy rains during Nov-Dec in south India but
the prices may remain little lower as trader may wait for new season
crop in next one month. During the first six months of this fiscal, India
exported 46,500 ton turmeric as against 44,406 ton a year ago because
of increased demand from Gulf countries.As on latest sowing data,
turmeric sowing In AP, is recorded at 15,864 hectares increase over last
years’ acreage as well normal sowing area progress however in
Telangana, the sowing area is lower than the normal sowing area at
40,823 hac compared to 43,470 hac last year.
Jeera settled down on ample stocks position following higher supply,
due to good weather in sowing states. Further, export demand as well
as limited buying by stockists and traders at higher levels too weighed
on jeera prices. Jeera sowing has picked in Gujarat and stood at
233,000 hectares until now as against 264,500 hectare year ago.
Acreage of jeera in Rajasthan is also stated be higher than last
year.Jeera exports have fallen to 46,700 ton from 89,772 ton a year ago
during the first six months of this fiscal due to poor buying by gulf
countries. Jeera export is likely to remain around 90,000 ton during the
current fiscal down from 155,000 ton in the previous year. India's
2014-15 jeera output was lower due to adverse weather at the time of
harvesting in Gujarat and Rajasthan. As per fourth advance estimate of
Gujarat government, in 2014-15 jeera output was estimated at 197,000
ton as against 346,000 ton a year ago due to fall in sowing caused by
adverse weather conditions.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
The Uttar Pradesh govt. announced cane SAP (State Advisory Price) at Rs
280/quintal for MY 2015- 16 (01st Oct, 2015 – 30th Sep, 2016) which was
same as the price fixed last year for 2014-15.
An early start up of crushing operation in India this year led the country to
produce 110.90 lakh tons of sugar in 2015-16 (01st Oct, 2015 – 15th Jan,
2016) which was 6.82% higher than the sugar produced last year during the
corresponding period.
168 sugar mills in Maharashtra had produced 44 lakh tons of sugar in 2015-
16 (01st Oct, 2015 – 15th Jan, 2016) which was 2.33% higher than the sugar
produced last year in 2014-15(01st Oct, 2014 – 15th Jan, 2015).
Sugar production rose by 2.07 lakh tons in Uttar Pradesh which produced
27.07 lakh tons of sugar in 2015-16 (01st Oct, 2015 – 15th Jan, 2016)
compared to 25 lakh tons of sugar last year in 2014-15 (01st Oct, 2014 – 15th
Jan, 2015).
Karnataka had produced 21.12 lakh tons of sugar in 2015-16 (01st Oct, 2015
– 15th Jan, 2016) which was 19.25% higher than the sugar produced last year
during the corresponding period.
25 sugar mills in Tamil Nadu had produced 1.60 lakh tons of sugar in 2015 -
16 (till 15th Jan, 2016) compared to 1.10 lakh tons of production made (by 20
sugar mills) in 2014-15 (till 15th Jan, 2015).
CENTER 19-Jan-15 18-Jan-15 Change
DELHI 3200 3225 -25
MUMBAI 3282 3282 UNCH
VIJAYWADA 3400 3400 UNCH
NAGPUR 3120 3120 UNCH
CHENNAI 3100 3100 UNCH
AMBIKAPUR 2835 2835 UNCH
DHAMPUR 3060 3060 UNCH

6. Technical Outlook
6
SELL CORIANDER APR BELOW 6500 TARGET 6455 6305 SL
ABOVE 6565
SELL GUARGUM FEB BELOW 5790 TARGET 5740 5670 SL
ABOVE 5850
SELL TURMERIC APRIL BELOW 8700 TARGET 8656 8596 SL
ABOVE 8760
SELL CASTORSEED FEB BELOW 3480 TARGET 3455 3425 SL
ABOVE 3505

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.