Epic research is a stock advisory firm serves with services like stock tips, mcx tips, intraday tips and more.We also offer daily market reports on different segments.

1. DAILY AGRI COMMODITY REPORT
24 JULY 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
AUG 7450 7520 7172 7172 -3.99 9765
INTRADAY
LEVELS
SUPPORT SUPP. 1
7056
SUPP. 2
6940
PIVOT
7288
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7404
RES. 2
7636
CORIANDER
AUG 5037 5110 4972 5035 0.46 6400
INTRADAY
LEVELS
SUPPORT SUPP.1
4968
SUPP. 2
4901
PIVOT
5039
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5106
RES. 2
5177
GUARGUM 5MT
AUG 7075 7110 7018 7034 -0.44 10335
INTRADAY
LEVELS
SUPPORT SUPP. 1
6998
SUPP. 2
6962
PIVOT
7054
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7090
RES. 2
7146
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 4520 4523 -0.04
Chana - - -
Coriander 5035 5012 0.46
Guargum5MT 7034 7065 -0.44
Jeera 19460 19620 -0.82
Musterseed 3677 3692 -0.41
Soybean 3016 3021 -0.17
Turmeric 7172 7470 -3.99
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
JEERA 18-08-2017 19820.00 160.00 0.81%
CORIANDER 18-08-2017 5050.00 38.00 0.76%
GUAR SEED 10 MT 18-10-2017 3430.00 15.00 0.44%
MAIZE -
FEED/INDUSTRIAL
GRADE
18-08-2017 1365.00 5.00 0.37%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 18-08-2017 7172.00 -316.00 -4.22%
COTTON SEED OIL
CAKE AKOLA
18-08-2017 1598.00 -19.00 -1.18%
V 797 KAPAS 30-04-2018 858.00 -6.00 -0.69%

4. Commodities In News
4
ECONOMIC NEWS
➢ Despite erratic weather, cotton sector is confident of an increase of about
12% in production in 2017-18 as farmers are not interested in
sowing pulses and soyabean. Industry has pegged cotton
productionestimate at 380 million bales against 340 million bales produced
last year. Sandeep Bajoria, chairman, All India Cottonseed Crushers'
Association said, "We expect India's 2017-18 cotton production to be more
by about 10% to 12% this year. It may hit 380 million bales from 340
million bales of previous year." The area sown as on July 14 was 90.88
lakh hectare, up by 17 % from 73.93 lakh hectare sown on the
corresponding date of previous year. Most of the cotton sowing has been
over now as cotton sowing after July 15 is not advised by research
institutes. The industry has played down deficient rainfall in parts of
cotton growing areas of Maharashtra, Telangana and Karnataka, claiming it
will not have major impact on the production estimates.
➢ Prevailing heat wave has added one more fold in the forehead of Bengal
tea sector in Darjeeling adjoining foothills. Already under pressure of
ongoing political unrest and workers movement, the labour intensive
industry apprehends steep downfall in monsoon season productivity that
may cause serious impact on local economy. According to the
meteorological record, mercury in the entire sub Himalayan West Bengal
and Sikkim region including TeraiBSE 6.45 % or Dooars in the foothills
has already soared much higher than normal level. Against normal daily
maximum temperature of around 22 degree Celsius, present reading has
reached 26 degree. Recorded daily minimum temperature is also 2 degree
higher than normal 17 degree. More importantly, the overall trend in the
region is also showing steep upward swing. For the period 1971 to 2000,
the yearly mean daily temperature figures were minimum 11.2 degree and
maximum 18.9 degree- informed senior meteorologists. Eminent tea
scientist Dr. S. E. Kabir said, “Tea plants love chill. Excessive heat
denaturizes their plant proteins and reduces photosynthesis retarding
growth of new leaves.”
➢ Turmeric futures edged down on NCDEX as participants reduced
their exposure due to muted demand at the spot market. Moreover,
ample stocks in the markets on increased supplies from the producing
regions too fuelled the downtrend. The contract for August delivery
was trading at Rs 7172.00, down by 3.99% or Rs 298.00 from its
previous closing of Rs 7470.00. The open interest of the contract stood
at 13085 lots. The contract for September delivery was trading at Rs
7258.00, down by 3.99% or Rs 302.00 from its previous closing of Rs
7560.00. The open interest of the contract stood at 3065 lots on
NCDEX.
➢ Soyabean futures edged lower on NCDEX due to expectation of
revival of monsoon in central India. Though, some losses were capped
on expectation of good crushing demand due to reports of hike in
import duty. The contract for August delivery was trading at Rs
3012.00, down by 0.3% or Rs 9.00 from its previous closing of Rs
3021.00. The open interest of the contract stood at 70580 lots. The
contract for October delivery was trading at Rs 3125.00, down by
0.35% or Rs 11.00 from its previous closing of Rs 3136.00. The open
interest of the contract stood at 29150 lots on NCDEX.
➢ Coriander futures edged higher on NCDEX as speculators built up
fresh positions on the back of improved demand in the spot market.
Further, tight stocks position on fall in arrivals from major producing
belts also fuelled the uptrend. The contract for August delivery was
trading at Rs 5084.00, up by 1.44% or Rs 72.00 from its previous
closing of Rs 5012.00. The open interest of the contract stood at 39910
lots. The contract for September delivery was trading at Rs 5185.00, up
by 1.99% or Rs 101.00 from its previous closing of Rs 5084.00. The
open interest of the contract stood at 4290 lots on NCDEX.

5. Technical Outlook
5
BUY CORIANDER ABOVE 5080 TARGET 5110 5150 5200 SL
BELOW 5030
BUY TURMERIC ABOVE 7360 TARGET 7390 7420 7470 SL
BELOW 7310
SELL GUARGUM5 BELOW 7000 TARGET 6970 6930 6880 SL
ABOVE 7050

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: 2017-07-22 22:54+05:30