1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
29TH
DECEMBER 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP
TURMERIC
The NCDEX TURMERIC April futures incresed by 3.98 % in the last trading session to close at
8590 level on Friday.
Bullish trend persisted for Turmeric as falling stocks amidst rise in Festive season domestic and
export demand and lower production reports kept trend positive. Demand is expected to pick
up further in coming weeks. Falling stocks too are likely to support the prices. A fall in sowing
area in Tamil Nadu and Karnataka due to the cyclone in October amidst delayed Monsoon
could affect the production adversely—as per market sources. Even as area in Andhra Pradesh
goes up, overall production is expected to come down—lending medium term support to the
prices. gains.
. TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 9160,
RESISTANCE 1: 9050,
SUPPORT 1: 8700,
SUPPORT 2: 8460.
STRATEGY: BUY ON DIPS
3. DAILY AGRI COMMODITY REPORT
SOYABEAN
The NCDEX Soyabean January futures surged by 1.16 percent in the last trading to close at
3357 level till Friday closing.
Improved demand in the domestic markets kept trend firm for Soybean even as International
markets traded sideways. Traders anticipate some more recovery in the short term.
SOYABEAN (JANUARY) DAILY CHART
SOYABEAN (JANUARY) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2:3490,
RESISTANCE 1: 3445,
SUPPORT 1: 3365
SUPPORT 2: 3330.
STRATEGY: BUY ON DIPS
4. DAILY AGRI COMMODITY REPORT
CHANA
Chana futures traded on a positive note on increased demand on Friday. Chana January
contract gained 3.26 % to 3371 levels on Friday (5.00PM) .
Firm trend continued to prevail for Chana as Festive season domestic demand lent support to
the price. Reports of lower sowing further supported the prices. Further uptrend likely in
coming days as market sentiments remain firm. Fall in Rabi sowing area for Rabi Pulses too is
having a Bullish impact on the prices. Lower production prospects in International markets
would make import costlier.
CHANA (JANUARY) DAILY CHART
CHANA (JANUARY) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3570,
RESISTANCE 1: 3525,
SUPPORT 1: 3410,
SUPPORT 2: 3345.
STRATEGY: BUY ON DIPS
5. DAILY AGRI COMMODITY REPORT
DHANIYA
The NCDEX Dhaniya January futures eased by -3.10 % in the last trading to close at 12668 level
on Friday. Further dhaniya will be in mixed to downtrend , Monday we may see a mixed to
bearish movement in Dhaniya technically .
DHANIYA (JANUARY) DAILY CHART
DHANIYA (JANUARY) TECHNICAL VIEW:
TREND:MIXED TO BEARISH
RESISTANCE 2: 13100,
RESISTANCE 1: 12680,
SUPPORT 1: 12000
SUPPORT 2: 11570,
STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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PLOT NO. 12, SCHEME NO. 78, PART II
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