Epic Research is India’s leading stock advisory firm. We provide advisory in Nifty future, Nifty option, intraday cash, stock future, stock option etc. In India there are so many other advisory firms, they promises huge profit, but no one will give you profit assurance.

1. DAILYAGRI COMMODITY REPORT
29 January 2015
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
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 7542 7838 7542 7738 -0.17 17640
INTRADAY
LEVELS
SUPPORT SUPP.1
7565
SUPP. 2
7405
PIVOT
7702
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
7861
RES. 2
7998
CASTORSEED
FEB 4129 4180 4001 4139 -0.82 49580
INTRADAY
LEVELS
SUPPORT SUPP. 1
4011
SUPP. 2
3916
PIVOT
4095
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
4190
RES. 2
4274
TURMERIC
APR 8180 8290 8026 8082 +1.21 15525
INTRADAY
LEVELS
SUPPORT SUPP. 1
8041
SUPP. 2
7901
PIVOT
8165
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
8304
RES. 2
8429
GUARGUM
FEB 10110 10450 10040 10500 -1.62 6066
INTRADAY
LEVELS
SUPPORT SUPP. 1
10097
SUPP. 2
9863
PIVOT
10273
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
10507
RES. 2
10683

3. Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CHANA 20-02-2015 3360.00 53.00 1.60%
TURMERIC 20-04-2015 8180.00 98.00 1.21%
JEERA 20-02-2015 14840.00 65.00 0.44%
V 797 KAPAS 27-02-2015 700.00 1.00 0.14%
BARLEY 20-04-2015 1232.00 1.00 0.08%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
RAPESEED-MUSTARD
SEED
20-04-2015 3330.00 -58.00 -1.71%
CASTOR SEED NEW 20-02-2015 4105.00 -34.00 -0.82%
REFINED SOY OIL 20-02-2015 619.50 -3.65 -0.59%
SOYABEAN 20-02-2015 3339.00 -17.00 -0.51%
CORIANDER 20-04-2015 7725.00 -13.00 -0.17%
COTTON SEED OIL CAKE
AKOLA
20-02-2015 1412.00 -1.00 -0.07%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4105 4139 -0.82
CHANA 3360 3307 +1.60
CORIANDER 7725 7738 -0.17
GUARGUM 10330 10500 -1.62
JEERA 14840 14775 +0.44
MUSTARD SEED 3330 3388 -1.71
SOYABEAN 3339 3356 -0.51
TURMERIC 8180 8082 +1.21

4. Commodities In News
4
ECONOMIC NEWS
 Sugar prices have witnessed some buying today due to export
subsidy announcement by government. Traders are expecting that
prices are likely to trade in the range of Rs 20-30 per quintal in the
coming days. Stockiest are also reluctant to take big positions in
physical mandies.
Wheat prices pared their gains in local mandies due to anticipation
of strong production in the current year. The latest report on United
States Department of Agriculture (USD) released on Monday, the total
global wheat production is projected at new record level of 723.38
million tonnes in 2014-15 against 722.18 million tonnes of the
previous month. The global ending stocks have also been projected
higher at 195.9 million tonnes against 194.85 million tonnes. Barley
prices are trading lower due to favourable rainfall in major growing
states. The daily thin arrivals in local mandies due to poor stocks will
also support the prices. Traders mentioned that the current year
production is likely to be around 21 lakh tonnes against 17 lakh tonnes
of the last year. The spot market is not showing any demand at current
levels.
United States Department of Agriculture ( USDA), the unofficial
preliminary rice exports (excluding premium white and fragrant rice)
for January 12-18,2015 totaled 100,107 metric tons, up 76,193 metric
tons from the previous week and up 45,069 metric tons from the four-
week moving average of 55,083 metric tons.The Rice exports from
January 1 - 18, 2015, totaled 124,021 metric tons, down 7 percent
from the same period last year.
India exported 1.24 lakh bales of cotton this week (19-25 Jan 2015),
which was 1.26 lakh bales previous week (12-18 Jan 2015), Imports
on the other hand stood 0.13 lakh bales, which was 0.09 lakh bales
previous week.
Chana February contract rose by 1.6 % to 3360 levels on Wednesday at
India's National Commodity & Derivatives Exchange Limited
(NCDEX).Rains in growing areas in Rajasthan, MP and UP kept trend
weak for Chana as that is beneficial for the standing cropExtending
Duty-free import for Pulses till March 31 may prevent strong uptrend.
But a fall in Rabi sowing area for Rabi Pulses and lower International
production prospects could support prices in medium to long term. As
per USDA, expected pulses production in USA is up by 8% to
2,232,630 metric tonne during 2014 from last year. expected to fall to
0.14 million MT in 2014-15—down from 0.18 million MT in 2013-
14due to lower yieldAccording to Ministry of Agriculture, total rabi
pulses acreage till Jan. 16,2015 is down by 11% to 133.41 lakh ha as
compared with last year’s area coverage of 149.17 lakh ha during the
corresponding week. The area planted under chana is also down by
16% to 81.98 Lakh ha against 98.16 lakh ha in same corresponding
week during last year.
Castorseed futures trades under pressure as stakeholders have
trimmed their position in recent weeks and they are not taking fresh
position on getting weak clues from national and international
markets.Higher carry out for 2015 and comparatively lower demand at
this point of time remains the price limiting factors to the cash market
fundamental.Lower demand from planters for seed with incoming
new crop weigh on market right now. Overall view on cash market
remains bearish.
Selling continued in coriander prices as prices declined by almost Rs
200 per quintal at Kota and other mandies due to favourable rainfall in
major coriander states Madhya Pradesh and Rajasthan. Traders are
expecting further selling in the near term.

5. 5
Fundamental Watch :Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
 The Karnataka State Sugarcane Growers Association had announced an
indefinite dharna starting from 9th Feb, 2015 against nonpayment of pending
cane arrears by sugar millers in the state. Reportedly, the state millers owes
somewhat Rs 1800 crore for the last year crushing and needs to pay farmers
with a rate of Rs 2200/tons (FRP fixed by govt. for 9.5% recovery) for the
crushing made this year.Tenders are invited for supply of sugar S-30 at supply
depot Bangalore by Ministry of defence .Opening date for tender has been
fixed at 04th February, 2015.As an outcome for the meeting held on
Wednesday, CCEA had agreed upon the states’ demand forgranting flexibility
in fixation of sugar retail issue prices (RIP) under PDS. Notably, the RIP of
sugar under PDS had been last updated in 2002 at Rs13.50/kg and has been
continuing the same so far.However, as per the new decision made by govt.,
the sugar subsidy rate for state purchase has now been modified to Rs
18.50/kg. The U.P govt. had announced its new molasses policy, 2014-
15(Nov-Oct), wherein the molasses reservation rate to the country-liquor
manufacturers had been reduced from 34 per cent to 15 per cent. In a big relief
to the millers in state, the Maharashtra govt. had removed a 5% purchase tax
on procurement of sugarcane for session 2013-14.
Brazilian centre south region had churned around 28 thousand tons of sugar
in the first two weeks of January (2015) which was 76.2% less than the
production made in previous two weeks of December. However, an y-o-y
comparison shows that the region had produced mere 8 thousand tons of sugar
during the same period last year in 2014.The govt. in Brazil is planning to
raise percentage share of ethanol in blending with gasoline from 25 percent at
present to 27.5 per cent. However, it also need to consider the probable ill
effects of the policy to automobile sector as a higher mix of ethanol
deteriorates motor performance of vehicles.
CENTER 28-Jan-15 27-Jan-15 Change
DELHI 2890 2870 -20
DHAMPUR 2840 2830 +10
MUMBAI 2946 2946 UNCH
KOLHAPUR 2650 2650 UNCH
VIJAYWADA 3180 3180 UNCH
NAGPUR 2950 2950 UNCH
KOLKATA 3000 NA -

6. Technical Outlook
6
SELL DHANIYA APR BELOW 7640 TGTS 7610,7570 SL 7680 BUY GUARGUM FEB ABOVE 10400 TGTS 10450,10550 SL 10310
SELL CASTORSEED FEB BELOW 4045 TGTS 4015,3975 SL 4085 BUY TMC APR ABOVE 8290 TGTS 8340,8440 SL 8200

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.