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23/02/2015
TMC APR DAILY TECHNICAL CHART
Date and Time
23/Feb/2015
STOCK: TURMERIC
APR
Call: BUY
CMP: 9080
Initiation Level:
Above 9000
Book Profit (Level 1):
9300
Book Profit (Level 2):
9650
Stop Loss: Below 8800
Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical
commentary).
Short term Trend:
Bullish.
Medium Term Trend:
Bullish.
For the Traders: BUY
For Aggressive
Traders: BUY
Support: 8980-8700-
8500
Resistance-9200-
9280-9500
Duration: 4-5 Days
Recommendation:-
On the basics of technical
and fundamental analysis
we are Recommending to
BUY Tmc Apr around
(9000) with the Stop Loss
of 8800 for the Target of
9300 and 9600.
TURMERIC APR NCDEX
Turmeric Apr NCDEX: Prices skyrocketed in previous couple of days and consolidate in few
weeks from the low of 7918 level dated 13 February 2015 and made high of 9196 level dated 20
February 2015 and finally closed higher at 9080 level in previous week. Short term trend likely to
be very strong, fall in sowing area and delayed arrival of the new crop due to delayed Monsoon
last year keeps overall market sentiments very strong. Reports of damage to standing crop in TN,
AP and Maharashtra also attributed to the prices getting strong support here around 8000 level.
According to reports, new turmeric crops have started arriving in the spot market of Nizamabad
in Telangana at a heavy pace of around 5500-6,500 bags (1 bag = 70 kg). This is due to lack of
sunlight as low temperature and cold wave situation. As per reports from Spice Board of India,
the estimated exports of Turmeric during April-December 2013 was pegged at 58000 MT, up by
17% same period previous year. In value terms, it was up by 45% at Rs 463.8 Cr. However, major
weakness is seen only if prices rupture support of 8500 could see downside bias towards 8280
followed by 8040 that could negate present uptrend in the near term.
Hence, we recommend buy around 9000 could see upside bias towards 9300 followed by 9600
for the week.
Date and Time
23/Feb/2015
STOCK: JEERA Mar
Call: BUY
CMP: 15250
Initiation Level: Above
15600
Book Profit (Level 1):
15950
Book Profit (Level 2):
16400
Stop Loss: Below 15000
Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical commentary).
Short term Trend:
Bullish.
Medium Term Trend:
Bullish.
For the Traders: BUY
For Aggressive Traders:
BUY
Support: 15000-14700-
14500
Resistance-15300-
15580-16100
Duration: 4-5 Days
Recommendation:-
On the basics of Technical
and fundamental analysis
we are Recommending buy
Jeera FEB around 15200
13700 for the target of
15600 – 16200 with a strict
a stop loss of 14700.
JEERA MAR NCDEX
Jeera Mar NCDEX: Bullish wave continue in Jeera Mar contract, prices rebounded firmly from
the support of 13875 levels on dated 12 February 2015, made high of 15655 levels dated 19
February 2015 and finally closed higher at 15250 levels in previous week. besides, the increase
in OI may resume strong upside rallies in the next couple of days, as prices cleared the uptrend
line resistance of 14500 for the see upward move to 15200 followed by 16050 or even lower to
16680 levels in the near term. Jeera as overall Fundamentals remained strong. Latest report
from Spice Board of India indicates pickup in exports during April-Sept 2014 period at 87500
tonnes (up from 70243 in April-Sept 2013)
Higher arrivals of new crop however prevented resuming strong uptrend. Lower sowing area
and good export demand are however likely to keep long term sentiments Bullish. The exports
are likely to slow down, Good domestic and export demand along with forecast of a 23% drop
in productivity could also support prices in the near term. Improved export demand amidst
firmness in Dollar vs Re supported the prices. On the other side, if prices breach the support of
13800 could turn the outlook into negative territory in the near term.
Hence, we recommend buy above 15600 could see upward bias towards 15950 followed by
16400 for the week.
JEERA MAR DAILY TECHNICAL CHART
CCHATECHNICALCHART
Date and Time
23/Feb/2015
STOCK: CHANA APR
NCDEX
Call: SELL
CMP: 3670
Initiation Level:
Around 3750
Book Profit (Level 1):
3650
Book Profit (Level 2):
3520
Stop Loss: Above 3820
Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical commentary).
Short term Trend:
Bearish.
Medium Term Trend:
Bullish.
For the Traders: SELL
For Aggressive
Traders: SELL
Support: 3650-3580-
3500
Resistance-3740–
3790-3840
Duration: 4-5 Days
Recommendation:-
On the basics of Technical
and fundamental analysis
we are Recommending sell
on rise Chana Apr NCDEX
around 3750 for targets of
3620 – 3530 with a strict a
stop loss of above 3840.
CHANA APR NCDEX
Chana Apr NCDEX: Chana Apr prices melt like ice in previous couple of days from the high
of 3734 dated 19 February 2015, made low of 3650 level dated 20 February 2015 and finally
closed at 3670 levels in previous week, as pickup domestic market demand kept trend up.
Lower production possibilities could support the market sentiments Bullish but as harvesting of
the new crop picks up in coming days; this could prevent prices from shooting up a lot as
arrivals rise. Demand will pick up as skies clear. High Pulses stocks and bearishness in
International markets kept pressure on the domestic market sentiments. But a fall in Rabi
sowing area for Rabi Pulses and lower International production prospects could support prices
in medium to long term. Prices are however at strong Support level of 3600 for April 2015
contract. As per 1st Advanced crop estimates for 2014-15 by Govt of India, India is likely to
produce Kharif Food grains of 120.27 million tonnes, which is down by 8.97 million tonnes from
the record 129.24 million tonnes achieved in Kharif 2013-14.
Hence, we recommend sell on rise around 3750 could see downward bias towards 3650
followed by 3520 for the week.
CHANA APR DAILY TECHINICAL CHART
CHANA (Apr) CASOTOR SEED (Mar)
DHANIYA (Apr) JEERA (Mar)
TURMERIC (Apr) SYBEAN (Apr)
RM SEED (Apr) SYOIL (Apr)
•BULLISH
•SELL ON RISE
Trend
Strategy
•3790
•3700
Resistance
•3620
•3530
Support
•BEARISH
•BUY ON DEEPS
Trend
Strategy
•4050
•3930
Resistance
•3740
•3630
Support
•BEARISH
•SELL ON RISE
Trend
Strategy
•7130
•6900
Resistance
•6480
•6150
Support
•BULLISH
•BUY ON DEEPS
Trend
Strategy
•16200
•15600
Resistance
•14800
•14500
Support
•BULLISH
•BUY ON DEEPS
Trend
Strategy
•9380
•9250
Resistance
•9000
•8770
Support
•CONSOLIDATE
•BUY ON DEEPS
Trend
Strategy
•3560
•3450
Resistance
•3360
•3300
Support
•CONSOLIDATE
•BUY ON DEEPS
Trend
Strategy
•3470
•3400
Resistance
•3350
•3290
Support
•BULLISH
•BUY ON DEEPS
Trend
Strategy
•615
•608
Resistance
•588
•579
Support
TECHNICAL LEVELSTECHNICAL LEVELS
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.
Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment
advice for a specific individual. The information and views in this website & all the services 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.
*Investment is subject to market risks.
Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and on sources that we consider reliable. We, however, do
not vouch for the accuracy or the completeness thereof. This material is for personal information
and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for
any financial profits or loss which may arise from the recommendations above.

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Weekly ncdex 23 feb2015

  • 2. TMC APR DAILY TECHNICAL CHART Date and Time 23/Feb/2015 STOCK: TURMERIC APR Call: BUY CMP: 9080 Initiation Level: Above 9000 Book Profit (Level 1): 9300 Book Profit (Level 2): 9650 Stop Loss: Below 8800 Conviction Level: Moderate Risk. Reasoning. (Read Technical commentary). Short term Trend: Bullish. Medium Term Trend: Bullish. For the Traders: BUY For Aggressive Traders: BUY Support: 8980-8700- 8500 Resistance-9200- 9280-9500 Duration: 4-5 Days Recommendation:- On the basics of technical and fundamental analysis we are Recommending to BUY Tmc Apr around (9000) with the Stop Loss of 8800 for the Target of 9300 and 9600. TURMERIC APR NCDEX Turmeric Apr NCDEX: Prices skyrocketed in previous couple of days and consolidate in few weeks from the low of 7918 level dated 13 February 2015 and made high of 9196 level dated 20 February 2015 and finally closed higher at 9080 level in previous week. Short term trend likely to be very strong, fall in sowing area and delayed arrival of the new crop due to delayed Monsoon last year keeps overall market sentiments very strong. Reports of damage to standing crop in TN, AP and Maharashtra also attributed to the prices getting strong support here around 8000 level. According to reports, new turmeric crops have started arriving in the spot market of Nizamabad in Telangana at a heavy pace of around 5500-6,500 bags (1 bag = 70 kg). This is due to lack of sunlight as low temperature and cold wave situation. As per reports from Spice Board of India, the estimated exports of Turmeric during April-December 2013 was pegged at 58000 MT, up by 17% same period previous year. In value terms, it was up by 45% at Rs 463.8 Cr. However, major weakness is seen only if prices rupture support of 8500 could see downside bias towards 8280 followed by 8040 that could negate present uptrend in the near term. Hence, we recommend buy around 9000 could see upside bias towards 9300 followed by 9600 for the week.
  • 3. Date and Time 23/Feb/2015 STOCK: JEERA Mar Call: BUY CMP: 15250 Initiation Level: Above 15600 Book Profit (Level 1): 15950 Book Profit (Level 2): 16400 Stop Loss: Below 15000 Conviction Level: Moderate Risk. Reasoning. (Read Technical commentary). Short term Trend: Bullish. Medium Term Trend: Bullish. For the Traders: BUY For Aggressive Traders: BUY Support: 15000-14700- 14500 Resistance-15300- 15580-16100 Duration: 4-5 Days Recommendation:- On the basics of Technical and fundamental analysis we are Recommending buy Jeera FEB around 15200 13700 for the target of 15600 – 16200 with a strict a stop loss of 14700. JEERA MAR NCDEX Jeera Mar NCDEX: Bullish wave continue in Jeera Mar contract, prices rebounded firmly from the support of 13875 levels on dated 12 February 2015, made high of 15655 levels dated 19 February 2015 and finally closed higher at 15250 levels in previous week. besides, the increase in OI may resume strong upside rallies in the next couple of days, as prices cleared the uptrend line resistance of 14500 for the see upward move to 15200 followed by 16050 or even lower to 16680 levels in the near term. Jeera as overall Fundamentals remained strong. Latest report from Spice Board of India indicates pickup in exports during April-Sept 2014 period at 87500 tonnes (up from 70243 in April-Sept 2013) Higher arrivals of new crop however prevented resuming strong uptrend. Lower sowing area and good export demand are however likely to keep long term sentiments Bullish. The exports are likely to slow down, Good domestic and export demand along with forecast of a 23% drop in productivity could also support prices in the near term. Improved export demand amidst firmness in Dollar vs Re supported the prices. On the other side, if prices breach the support of 13800 could turn the outlook into negative territory in the near term. Hence, we recommend buy above 15600 could see upward bias towards 15950 followed by 16400 for the week. JEERA MAR DAILY TECHNICAL CHART CCHATECHNICALCHART
  • 4. Date and Time 23/Feb/2015 STOCK: CHANA APR NCDEX Call: SELL CMP: 3670 Initiation Level: Around 3750 Book Profit (Level 1): 3650 Book Profit (Level 2): 3520 Stop Loss: Above 3820 Conviction Level: Moderate Risk. Reasoning. (Read Technical commentary). Short term Trend: Bearish. Medium Term Trend: Bullish. For the Traders: SELL For Aggressive Traders: SELL Support: 3650-3580- 3500 Resistance-3740– 3790-3840 Duration: 4-5 Days Recommendation:- On the basics of Technical and fundamental analysis we are Recommending sell on rise Chana Apr NCDEX around 3750 for targets of 3620 – 3530 with a strict a stop loss of above 3840. CHANA APR NCDEX Chana Apr NCDEX: Chana Apr prices melt like ice in previous couple of days from the high of 3734 dated 19 February 2015, made low of 3650 level dated 20 February 2015 and finally closed at 3670 levels in previous week, as pickup domestic market demand kept trend up. Lower production possibilities could support the market sentiments Bullish but as harvesting of the new crop picks up in coming days; this could prevent prices from shooting up a lot as arrivals rise. Demand will pick up as skies clear. High Pulses stocks and bearishness in International markets kept pressure on the domestic market sentiments. But a fall in Rabi sowing area for Rabi Pulses and lower International production prospects could support prices in medium to long term. Prices are however at strong Support level of 3600 for April 2015 contract. As per 1st Advanced crop estimates for 2014-15 by Govt of India, India is likely to produce Kharif Food grains of 120.27 million tonnes, which is down by 8.97 million tonnes from the record 129.24 million tonnes achieved in Kharif 2013-14. Hence, we recommend sell on rise around 3750 could see downward bias towards 3650 followed by 3520 for the week. CHANA APR DAILY TECHINICAL CHART
  • 5. CHANA (Apr) CASOTOR SEED (Mar) DHANIYA (Apr) JEERA (Mar) TURMERIC (Apr) SYBEAN (Apr) RM SEED (Apr) SYOIL (Apr) •BULLISH •SELL ON RISE Trend Strategy •3790 •3700 Resistance •3620 •3530 Support •BEARISH •BUY ON DEEPS Trend Strategy •4050 •3930 Resistance •3740 •3630 Support •BEARISH •SELL ON RISE Trend Strategy •7130 •6900 Resistance •6480 •6150 Support •BULLISH •BUY ON DEEPS Trend Strategy •16200 •15600 Resistance •14800 •14500 Support •BULLISH •BUY ON DEEPS Trend Strategy •9380 •9250 Resistance •9000 •8770 Support •CONSOLIDATE •BUY ON DEEPS Trend Strategy •3560 •3450 Resistance •3360 •3300 Support •CONSOLIDATE •BUY ON DEEPS Trend Strategy •3470 •3400 Resistance •3350 •3290 Support •BULLISH •BUY ON DEEPS Trend Strategy •615 •608 Resistance •588 •579 Support TECHNICAL LEVELSTECHNICAL LEVELS
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