Epic Research© offers best financial services to the stock market investors. It serves stock market tips in all segments that enables investors to perform suitable investment.

1. DAILY AGRI COMMODITY REPORT
20 July 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
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
TURMERIC
AUG 8183 8330 8120 8290 +1.49 -
INTRADAY
LEVELS
SUPPORT SUPP. 1
8163
SUPP. 2
8036
PIVOT
8247
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8373
RES. 2
8457
CORIANDER
AUG 7894 7894 7750 7761 -1.0 -
INTRADAY
LEVELS
SUPPORT SUPP.1
7709
SUPP. 2
7685
PIVOT
7802
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7853
RES. 2
7946
GUARGUM
OCT 7180 7420 6880 7420 +3.92 -
INTRADAY
LEVELS
SUPPORT SUPP. 1
7060
SUPP. 2
6700
PIVOT
7240
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
7600
RES. 2
7780
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 8788 8450 +4
CORIANDER 8100 8081 +0.24
GUARGUM 7420 7140 +3.92
JEERA 18935 18890 +0.24
MUSTARD
SEED
4998 5016 -0.36
SOYABEAN 3749 3739 +0.27
TURMERIC 8532 8452 0.95
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CHANA 20-07-2016 9020.00 380.00 4.40%
GUAR GUM 20-07-2016 7010.00 190.00 2.79%
GUAR SEED 10 MT 20-07-2016 3629.00 47.00 1.31%
JEERA 20-07-2016 19100.00 210.00 1.11%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOY BEAN 20-07-2016 3580.00 -40.00 -1.10%
WHEAT 19-08-2016 1742.00 -6.00 -0.34%

4. Commodities In News
4
ECONOMIC NEWS
It’s been three years since the National Food Security Act (NFSA), 2013,
which provides for foodgrains to be given at subsidised rates for a period of
three years, came into force. The Act suggested that the issue price be
‘suitably’ linked to the Minimum Support Prices (MSP) after three years, to
reduce the burden on the exchequer. Will the Modi government bite the
bullet and increase the issue price of these foodgrains?
Under the Act, two-thirds of the population were entitled to 5 kg of
foodgrains every month at subsidised prices: rice at 3 a kg, wheat at 2 a kg
and coarse grain at With the cost of procurement and distribution rising
every year, the subsidy is growing. With a total foodgrain offtake of 25
million tonnes under the NFSA, back-of-the envelope calculation suggests
that government’s finances took a hit of 5,000 crore in 2015-16.
ncreasing the issue price will of course improve the Centre’s finances by
reducing the subsidy component. However, the increase in the cost of
foodgrains supplied may face political pushback. “There is a strong lobby
for subsidising the poor, which will be difficult for any political party to
overcome,” says Prof A Vaidyanathan, who spent 10 years in the erstwhile
Planning Commission.The food subsidy bill, which also provides for
subsidies for pre-existing schemes such as the Antyodaya Anna Yojana,
has been climbing over the years; it stood at 1,34,919 crore in 2015-16.
This is largely due to the widening gap between the economic cost of
foodgrains and the price at which it is issued by the Food Corporation of
India to the various States. The economic cost, which includes the FCI’s
procurement and distribution costs, has inched up over the last four years –
by 2.4 annually for rice and 1.5 for wheat.The economic cost was ₹30.9 per
kg for rice and 22 for wheat for 2015-16, up by 5 per cent and 7.3 per cent
respectively over the previous year. However, the issue price continued to
remain low.
The procurement price — as measured by the MSP for rice and wheat —
has been moving up on an average by 4-5 per cent a year. For instance, the
MSP for wheat increased by 5.2 per cent for 2016-17 to 15.25 a kg as
against 14.7 a kg (up by 4.3 per cent) for paddy.
 Chana prices spurted by 4% to hit upper limit at Rs 8,788 per quintal
in futures trade today as speculators created fresh positions, triggered
by paucity of stock at spot market amid pick up in demand. At the
National Commodity and Derivatives Exchange, chana for delivery in
August shot up by Rs 338 or 4% to Rs 8,788 per quintal with an open
interest of 1,680 lots. Analysts said speculative positions built up by
participants, driven by tight stocks positions in the physical market
against pick up in demand, mainly pushed up chana prices at futures
trade. They said, however, government's measures to curb rising prices
capped the rise.
 Spot turmeric prices at Erode markets decreased on Monday as only
medium variety turmeric arrived for sale. “ Traders purchased only 60
per cent of the arrived stock of 3,000 bags. Most of the buyers procured
the turmeric to supply locally for the grinding units and masala firms.
Overall price was maintained at ₹9,000 and odd a quintal,” said RKV
Ravishankar, President, Erode Turmeric Merchants Association. At the
Erode Turmeric Merchants Association, the finger variety was sold at
₹7,790-9,099 a quintal and the root variety at ₹7,689-8,499. Out of
arrival of 1,012 bags, 651 were sold.
 Refined soya oil were down by 0.27% to Rs 633.50 per 10 kg in
futures market today as traders reduced exposure, driven by adequate
stocks on higher supplies from producing belts at spot market. At the
National Commodity and Derivatives Exchange, refined soya oil for
delivery in August declined by Rs 1.70, or 0.27% to Rs 633.50 per 10
kg with an open interest of 1,08,990 lots Similarly, the oil for delivery
in July shed 65 paise, or 0.10% to Rs 628.50 per 10 kg in 4,720 lots.
Analysts said trimming of positions by participants, triggered by ample
stocks on higher supplies from producing regions in the physical
market against weak demand mainly weighed on refined soya oil prices
at futures trade.

5. Technical Outlook
5
BUY CORIANDER AUG ABOVE 7840 TARGET 7885 7985 SL
BELOW 7775
BUY GUARGUM OCT ABOVE 7450 TARGET 7500 7570 SL
BELOW 7390
BUY TURMERIC AUG ABOVE 8270 TARGET 8314 8374 SL
BELOW 8210

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.