- The document provides a daily commodity report covering market views, levels and technical outlook for turmeric, coriander, guargum and castorseed. It also includes economic news on auctions of foodgrains, management of irrigation assets, and rising demand supporting coriander and soybean futures prices. Technical recommendations are given to buy and sell various contracts.

1. DAILY AGRI COMMODITY REPORT
23 March 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
APR 6328 6376 6222 6272 -1.20 3625
INTRADAY
LEVELS
SUPPORT SUPP. 1
6204
SUPP. 2
6136
PIVOT
6290
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6358
RES. 2
6444
CORIANDER
APR 7252 7307 7252 7275 0.39 11600
INTRADAY
LEVELS
SUPPORT SUPP.1
7249
SUPP. 2
7223
PIVOT
7278
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7304
RES. 2
7333
GUARGUM 5MT
APR 8020 8193 7890 7930 -1.92 30980
INTRADAY
LEVELS
SUPPORT SUPP. 1
7816
SUPP. 2
7701
PIVOT
8004
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
8119
RES. 2
8307
CASTORSEED
FEB - - - - - -
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 4741 4616 2.71
Chana - - -
Coriander 7241 7207 0.47
Guargum5MT 7930 8085 -1.92
Jeera 16940 17220 -1.63
Musterseed 3903 3891 0.31
Soybean 2918 2897 0.72
Turmeric 6320 6394 -1.16
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
SOYAMEAL-DOMESTIC 20-04-2017 23690.00 100.00 0.42%
WHEAT 20-04-2017 1665.00 17.00 1.03%
CORIANDER 20-04-2017 7279.00 38.00 0.52%
REF SOYA OIL 20-04-2017 651.00 2.00 0.31%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-04-2017 2163.00 -14.00 -0.64%
MAIZE -
FEED/INDUSTRIAL
GRADE
20-04-2017 1409.00 -14.00 -0.98%
TURMERIC 20-04-2017 6274.00 -46.00 -0.73%

4. Commodities In News
4
ECONOMIC NEWS
 Food Corporation of India, the country's largest stockholder of
foodgrains, has chosen mjunction to auction foodgrains for two years
beginning April 2017, in a bid to provide timely and transparent
distribution of foodgrains to a 4000-strong buyer base across India. For
this, mjunction, the country's largest B2B e-commerce player, worked on a
war footing to create a an e-auction model in just 15 days to address the
existing issues and create an efficient and transparent system. In a
statement issued on Wednesday, mjunction said its e-auction model will
strengthen FCI's distribution mechanism, which in turn has a key role to
play in addressing challenges like insufficient storage. Commenting on the
development, Vinaya Varma, CEO, mjunction said: "We are already in the
agro-commodity market with tea. With this partnership, we are adding
wheat and rice to our bouquet. Following metals, idle assets, rough
diamonds and spectrum, this is one of he new areas that we are entering."
mjunction is also exploring e-auction of other commodities like pulses,
cotton, forest timber and produce, he added.
 Irrigation assets being created under the Pradhan Mantri Krishi
Sinchayee Yojana (PMKSY) will be managed and maintained by water
users associations, Agriculure Secretary Shobhana K Pattanayak said
today. The government has charted out a roadmap for early completion of
99 identified projects under PMKSY, which will irrigate an additional 7.6
million hectares of farmland. "The assets once created by the government
is continued to be maintained by stakeholders. There comes a challenge.
...We have ensured that all those assets which are going to put to use in the
coming 3-4 years will have a mandatory water users association,"
Pattanayak said at an Assocham event. The emphasis has been on the
management of irrigation assets by water users. This reform is linked to the
formation of water user groups and participatory irrigation management, he
said. If irrigation assets are managed by farmers, efficiency of water use
will increase and there will be equal distribution of water, he noted.
 Coriander futures traded higher on NCDEX as speculators enlarged
their positions, tracking rising demand in the domestic spot market.
Further, restricted arrivals from major growing regions also fuelled the
uptrend. The contract for April delivery was trading at Rs 7282.00, up
by 0.48% or Rs 35.00 from its previous closing of Rs 7247.00. The
open interest of the contract stood at 33110 lots. The contract for May
delivery was trading at Rs 7389.00, up by 0.65% or Re 48.00 from its
previous closing of Rs 7341.00. The open interest of the contract stood
at 19340 lots on NCDEX.
 Soyabean futures edged higher on NCDEX on account of lower
supplies at the spot market. However, weak cues from international
markets following reports of bumper crops, capped some gains. The
contract for April delivery was trading at Rs 2916.00, up by 0.66% or
Rs 19.00 from its previous closing of Rs 2897.00. The open interest of
the contract stood at 191060 lots. The contract for May delivery was
trading at Rs 3000.00, up by 0.7% or Rs 21.00 from its previous
closing of Rs 2979.00. The open interest of the contract stood at 67140
lots on NCDEX.
 Turmeric futures showed mixed trend on NCDEX as the April
contracts traded higher on increasing demand for the new turmeric at
the spot market, while May contracts traded lower on heavy arrivals
from the producing belts. Reports showed that the turmeric arrivals in
the country are higher at 115,205 tons during March 1- 20 compared to
30,945 tons during previous month. The contract for April delivery was
trading at Rs 6350, up by 0.03% or Rs 2.00 from its previous closing of
Rs 6348. The open interest of the contract stood at 11990 lots. The
contract for May delivery was trading at Rs 6424, down by 0.09% or
Rs 6.00 from its previous closing of Rs 6430. The open interest of the
contract stood at 7445 lots on NCDEX.

5. Technical Outlook
5
BUY CORIANDER APRABOVE 7320 TARGET 7335 7395 7465 SL
BELOW 7290
SELL TURMERIC 20APR BELOW 6220 TARGET 6190 6150 6100
SL ABOVE 6268
BUY GUARGUM5 20APRABOVE 8150 TARGET 8180 8240
8290 SL BELOW 8100

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: 2017-03-25 21:21+05:30