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DAILY AGRI COMMODITY REPORT 27 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 
12978 
13149 
12926 
13045 
+0.46 
12260 
INTRADAY LEVELS 
SUPPORT 
SUPP.1 
12931 
SUPP. 2 
12817 
PIVOT 
13040 
Dhaniya shortterm trend is down , further more downsideis expected in comimg days. 
RESISTANCE 
RES. 1 
13154 
RES. 2 
13263 
CASTORSEED 
DEC 
4667 
4681 
4512 
4600 
-1.71 
255740 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
4524 
SUPP. 2 
4449 
PIVOT 
4603 
Castorseed short term trend is down,Prices expected to go down in coming days. 
RESISTANCE 
RES. 1 
4678 
RES. 2 
4757 
TURMERIC 
DEC 
6542 
6578 
6480 
6522 
+0.37 
3350 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
6483 
SUPP. 2 
6433 
PIVOT 
6531 
Turmeric shortterm trend is up and may continue in coming days. 
RESISTANCE 
RES. 1 
6581 
RES. 2 
6629 
GUARGUM 
DEC 
13830 
14030 
13650 
13690 
-2.21 
7362 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
13550 
SUPP. 2 
13410 
PIVOT 
13790 
Guargum Short term trend isdown, Expecting price may go downin coming days. 
RESISTANCE 
RES. 1 
13930 
RES. 2 
14170
Most Active Contract 
3 
TOP GAINERS 
SYMBOL 
EXPIRY DATE 
CURRENT PRICE 
CHANGE 
CHANGE % 
TURMERIC 
19-12-2014 
6536.00 
26.00 
0.40% 
JEERA 
19-12-2014 
12065.00 
45.00 
0.37% 
TOP LOSERS 
SYMBOL 
EXPIRY DATE 
CURRENT PRICE 
CHANGE 
CHANGE % 
CASTOR SEED NEW 
19-12-2014 
4630.00 
-50.00 
-1.07% 
RAPESEED-MUSTARD SEED 
19-12-2014 
3882.00 
-29.00 
-0.74% 
COTTON SEED OIL CAKE AKOLA 
19-12-2014 
1352.00 
-7.00 
-0.52% 
SOYABEAN 
19-12-2014 
3335.00 
-14.00 
-0.42% 
REFINED SOY OIL 
19-12-2014 
591.75 
-1.20 
-0.20% 
NCDEX INDICES 
Index 
Value 
Pre. Close 
% Change 
CASTORSEED 
4600 
4680 
-1.71 
CHANA 
3105 
3110 
-0.16 
CORIANDER 
13045 
12985 
0.46 
GUARGUM 
13690 
14000 
-2.21 
JEERA 
12050 
12020 
0.25 
MUSTARD SEED 
3875 
3911 
-0.92 
SOYABEAN 
3338 
3349 
-0.33 
TURMERIC 
6534 
6510 
0.37
Commodities In News 
4 
ECONOMICNEWS 
Thereisa19%dipinIndia'scottonsupplysofarinthenewseasonthatbeganonOctober1,accordingtothestate-runCottonCorporationofIndia(CCI).CCIislikelytopurchase60lakhbales(of170kgeach)ofcottonacrossTelangana, AndhraPradesh,MadhyaPradeshandMaharashtra. Currently,ithasaninventoryofeightlakhbales.Inthespotmarketssofarfarmershavebroughtinaround3.9millionbalesof170kgeach,downfrom4.8millionbalesduringthesameperiodayearearlier,B.K.Mishra,managingdirectorofCCItoldReuters.CottonPricesinIndiahaveplungedbelowtheminimumsupportprice(MSP)fixedbytheCentreinTelanganaandAndhraPradeshwhereprocurementisalreadyunderway.TheNarendraModiGovernmenthaddeclaredasupportpriceofRs4,050aquintalforthecurrentseasonthatbeganthismonth.TheModi-ledgovernmenthadaskedCCItoprocureCottonattheminimumsupportprice(MSP)inTelangana,Karnataka,MaharashtraandOdisha.TheCottonAssociationofIndia(CAI)estimatesoutputat40.55millionbalesthisyear,amarginaldeclinefrom40.73mnlastyear.India'sexportprospectswerehurtbyChina’sdecisiontoplaceanimportquota.Indiaexportsnearly60percentofitscottontoChina,theworld’slargestimporter,whichhasastockpilenearly63millioncottonbales. Thegovernmentisnowthinkingofneedtoboostexploringnewdestinationstoboostcottonexports. 
Localsugarpricesarebeinghitfromlackofdemandinreadymarkets.Oldstocksareunlikelytoseeanybuyingandthoughthemillersaretryingtosellthenewstocksatanelevatedlevel,notmuchofanupsideispossible. 
Guardedpricesarewitnessingsomecorrectionasdemandiswaning. Thearrivalsinmajormandiesarehoveringaround1-1.25lakhbangs. Overallscenarioremainslaxafterasteadytrendwaswitnessedinthecommodityafterthemassivearrayoflossesinthelastfewdays.Notmuchofanupsideisseeninthecommodityamidlackofexportdemandforguarmeal.Thepricesarelikelytolingertheirfivemonthlows. 
Jeerapricesaresteadyafteramassivearrayofgainsinlastfewweeks.ThedemandremainsstrongandtherecentboutofweaknessintheIndianRupeeislikelytokeeptheexportsbuoyant.HugedeclineisestimatedinJeerasowinginthecurrentyear.Thepricesarelikelytobesupportiveinthenearterm.Arrivalsarethinningnowastheseasonaltrendsswingintoaction. 
Upbeatglobalcuesaresupportingsoycomplexinlocalmarkets. Tradersarelikelytokeeponprovidinggoodbuyingsupportasthesuppliesarethinninginreadymarkets..SomesellingpressureisbeingobservedinmealmarketonreportsofanoutbreakofBirdFluinkerala. 
Chanaiswitnessinggooddemandandpricesarepickingupstrengthinreadymarketsastradersareeyingtheupcomingrabisowingseason. However,aslightlyweakundertoneinotherpulsesiskeepingtheupsidelimitedforChana.
5FundamentalWatch : Sugar 
SUGAR PRICE AT KEY SPOT MARKETS National & International Market Update 
Marketsentimentstradedsteadytoweakassellingpressuresurgedoutcompellingdomesticproducerstoselloldstocksevenatalowerrate.India’srawsugarimportreachestoitsweeklyhighasthecountryimported85.45thousandtonsofsugar(fromBrazil)fortheweekending23rdNov,2014.Notably,itistheweakBrazilianrealcurrencythatsupportedforthemasspurchasemade.Maharashtrahadchurnedaround36.01lakhMTofsugarcane(asby13thNov,2014)toproduce2.97lakhMTofsugarforthenewmarketingsession2014-15.Notably, 97sugarmills(bothprivateandcooperative)hadparticipatedinthecrushingprocessyieldinganaveragecanerecoveryof8.26%.SugarproductioninKarnatakafor2014-15(1stOct-15thNov)stoodoutat1.59lactonswhichis27%higherthanthelevelachievedlastyear. Thiswasprimarilyduetoasurgeinproductivityandcanecrushinginthearea.Reportedly,Karnatakahadcrushed1.83lacstonsofsugarcanein2014(1stOct-15thNov)asagainst1.45lacstonsin2013(1stOct- 15thNov). 
SugarproductioninThailandisexpectedtorangeinbetween10-11milliontonsforMY2014-15againstarecordhighof11.3milliontonsthepreviousyear.Hotandhumidclimateconditioncoupledwithscantyrainfallthisyearcitedcuesforthisfallinexpectation. 
Braziliangovt.furnishedanexportof2.1milliontonsofrawsugarinOctober,2014comparedto1.7milliontonslastmonth.Alsotheresawariseof0.03milliontonsofrawexportwhenmadecomparisonony-o-ybasis. 
CENTER 
26-Nov-14 
25-Nov-14 
Change 
DELHI 
2900 
2900 
UNCH 
DHAMPUR 
2830 
2830 
UNCH 
MUMBAI 
3125 
3156 
-31 
KOLHAPUR 
2800 
2850 
-50 
VIJAYWADA 
3380 
3380 
UNCH 
NAGPUR 
3100 
3100 
UNCH 
KOLKATA 
3005 
3000 
5
Technical Outlook 
6 
BUY DHANIYA DEC ABOVE 13060 TGTS 13090,13140 SL 13020 
SELL GUARGUM DEC BELOW 13860 TGTS 13810,13710 SL 13950 
SELL CASTORSEED DEC BELOW 4585 TGTS 4555,4505 SL 4635 
BUY TMC DEC ABOVE 6575 TGTS 6625,6725 SL 6485
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 27 nov 2014

  • 1. DAILY AGRI COMMODITY REPORT 27 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 12978 13149 12926 13045 +0.46 12260 INTRADAY LEVELS SUPPORT SUPP.1 12931 SUPP. 2 12817 PIVOT 13040 Dhaniya shortterm trend is down , further more downsideis expected in comimg days. RESISTANCE RES. 1 13154 RES. 2 13263 CASTORSEED DEC 4667 4681 4512 4600 -1.71 255740 INTRADAY LEVELS SUPPORT SUPP. 1 4524 SUPP. 2 4449 PIVOT 4603 Castorseed short term trend is down,Prices expected to go down in coming days. RESISTANCE RES. 1 4678 RES. 2 4757 TURMERIC DEC 6542 6578 6480 6522 +0.37 3350 INTRADAY LEVELS SUPPORT SUPP. 1 6483 SUPP. 2 6433 PIVOT 6531 Turmeric shortterm trend is up and may continue in coming days. RESISTANCE RES. 1 6581 RES. 2 6629 GUARGUM DEC 13830 14030 13650 13690 -2.21 7362 INTRADAY LEVELS SUPPORT SUPP. 1 13550 SUPP. 2 13410 PIVOT 13790 Guargum Short term trend isdown, Expecting price may go downin coming days. RESISTANCE RES. 1 13930 RES. 2 14170
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % TURMERIC 19-12-2014 6536.00 26.00 0.40% JEERA 19-12-2014 12065.00 45.00 0.37% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CASTOR SEED NEW 19-12-2014 4630.00 -50.00 -1.07% RAPESEED-MUSTARD SEED 19-12-2014 3882.00 -29.00 -0.74% COTTON SEED OIL CAKE AKOLA 19-12-2014 1352.00 -7.00 -0.52% SOYABEAN 19-12-2014 3335.00 -14.00 -0.42% REFINED SOY OIL 19-12-2014 591.75 -1.20 -0.20% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4600 4680 -1.71 CHANA 3105 3110 -0.16 CORIANDER 13045 12985 0.46 GUARGUM 13690 14000 -2.21 JEERA 12050 12020 0.25 MUSTARD SEED 3875 3911 -0.92 SOYABEAN 3338 3349 -0.33 TURMERIC 6534 6510 0.37
  • 4. Commodities In News 4 ECONOMICNEWS Thereisa19%dipinIndia'scottonsupplysofarinthenewseasonthatbeganonOctober1,accordingtothestate-runCottonCorporationofIndia(CCI).CCIislikelytopurchase60lakhbales(of170kgeach)ofcottonacrossTelangana, AndhraPradesh,MadhyaPradeshandMaharashtra. Currently,ithasaninventoryofeightlakhbales.Inthespotmarketssofarfarmershavebroughtinaround3.9millionbalesof170kgeach,downfrom4.8millionbalesduringthesameperiodayearearlier,B.K.Mishra,managingdirectorofCCItoldReuters.CottonPricesinIndiahaveplungedbelowtheminimumsupportprice(MSP)fixedbytheCentreinTelanganaandAndhraPradeshwhereprocurementisalreadyunderway.TheNarendraModiGovernmenthaddeclaredasupportpriceofRs4,050aquintalforthecurrentseasonthatbeganthismonth.TheModi-ledgovernmenthadaskedCCItoprocureCottonattheminimumsupportprice(MSP)inTelangana,Karnataka,MaharashtraandOdisha.TheCottonAssociationofIndia(CAI)estimatesoutputat40.55millionbalesthisyear,amarginaldeclinefrom40.73mnlastyear.India'sexportprospectswerehurtbyChina’sdecisiontoplaceanimportquota.Indiaexportsnearly60percentofitscottontoChina,theworld’slargestimporter,whichhasastockpilenearly63millioncottonbales. Thegovernmentisnowthinkingofneedtoboostexploringnewdestinationstoboostcottonexports. Localsugarpricesarebeinghitfromlackofdemandinreadymarkets.Oldstocksareunlikelytoseeanybuyingandthoughthemillersaretryingtosellthenewstocksatanelevatedlevel,notmuchofanupsideispossible. Guardedpricesarewitnessingsomecorrectionasdemandiswaning. Thearrivalsinmajormandiesarehoveringaround1-1.25lakhbangs. Overallscenarioremainslaxafterasteadytrendwaswitnessedinthecommodityafterthemassivearrayoflossesinthelastfewdays.Notmuchofanupsideisseeninthecommodityamidlackofexportdemandforguarmeal.Thepricesarelikelytolingertheirfivemonthlows. Jeerapricesaresteadyafteramassivearrayofgainsinlastfewweeks.ThedemandremainsstrongandtherecentboutofweaknessintheIndianRupeeislikelytokeeptheexportsbuoyant.HugedeclineisestimatedinJeerasowinginthecurrentyear.Thepricesarelikelytobesupportiveinthenearterm.Arrivalsarethinningnowastheseasonaltrendsswingintoaction. Upbeatglobalcuesaresupportingsoycomplexinlocalmarkets. Tradersarelikelytokeeponprovidinggoodbuyingsupportasthesuppliesarethinninginreadymarkets..SomesellingpressureisbeingobservedinmealmarketonreportsofanoutbreakofBirdFluinkerala. Chanaiswitnessinggooddemandandpricesarepickingupstrengthinreadymarketsastradersareeyingtheupcomingrabisowingseason. However,aslightlyweakundertoneinotherpulsesiskeepingtheupsidelimitedforChana.
  • 5. 5FundamentalWatch : Sugar SUGAR PRICE AT KEY SPOT MARKETS National & International Market Update Marketsentimentstradedsteadytoweakassellingpressuresurgedoutcompellingdomesticproducerstoselloldstocksevenatalowerrate.India’srawsugarimportreachestoitsweeklyhighasthecountryimported85.45thousandtonsofsugar(fromBrazil)fortheweekending23rdNov,2014.Notably,itistheweakBrazilianrealcurrencythatsupportedforthemasspurchasemade.Maharashtrahadchurnedaround36.01lakhMTofsugarcane(asby13thNov,2014)toproduce2.97lakhMTofsugarforthenewmarketingsession2014-15.Notably, 97sugarmills(bothprivateandcooperative)hadparticipatedinthecrushingprocessyieldinganaveragecanerecoveryof8.26%.SugarproductioninKarnatakafor2014-15(1stOct-15thNov)stoodoutat1.59lactonswhichis27%higherthanthelevelachievedlastyear. Thiswasprimarilyduetoasurgeinproductivityandcanecrushinginthearea.Reportedly,Karnatakahadcrushed1.83lacstonsofsugarcanein2014(1stOct-15thNov)asagainst1.45lacstonsin2013(1stOct- 15thNov). SugarproductioninThailandisexpectedtorangeinbetween10-11milliontonsforMY2014-15againstarecordhighof11.3milliontonsthepreviousyear.Hotandhumidclimateconditioncoupledwithscantyrainfallthisyearcitedcuesforthisfallinexpectation. Braziliangovt.furnishedanexportof2.1milliontonsofrawsugarinOctober,2014comparedto1.7milliontonslastmonth.Alsotheresawariseof0.03milliontonsofrawexportwhenmadecomparisonony-o-ybasis. CENTER 26-Nov-14 25-Nov-14 Change DELHI 2900 2900 UNCH DHAMPUR 2830 2830 UNCH MUMBAI 3125 3156 -31 KOLHAPUR 2800 2850 -50 VIJAYWADA 3380 3380 UNCH NAGPUR 3100 3100 UNCH KOLKATA 3005 3000 5
  • 6. Technical Outlook 6 BUY DHANIYA DEC ABOVE 13060 TGTS 13090,13140 SL 13020 SELL GUARGUM DEC BELOW 13860 TGTS 13810,13710 SL 13950 SELL CASTORSEED DEC BELOW 4585 TGTS 4555,4505 SL 4635 BUY TMC DEC ABOVE 6575 TGTS 6625,6725 SL 6485
  • 7. 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.