1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
4TH DECEMBER 2014

2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC The NCDEX TURMERIC Dec futures declined by -0.03 % in the last trading to close at Rs 6432 level on wednesday. Turmeric prices reported some weakness today due to weak demand by stockiest and exporters. Traders stated weak production estimates and receding stocks in local mandies to support prices in the near term. The total turmeric production is estimated at around 45-47 lakh tonnes in the current year. Tommorow we can see an upward movement in tumeric technically. TURMERIC (DECEMBER) DAILY CHART TURMERIC (DECEMBER) TECHNICAL VIEW:
TREND: MIXED TO BULIISH SUPPORT 1: 6390,
SUPPORT 2: 6340, RESISTENCE 1: 6480,
RESISTENCE 2: 6530. STRATEGY: BUY ON DIPS

3. DAILY AGRI COMMODITY REPORT
SOYABEAN Soyabean December contract fell -0.95 % to 3276 levels on wednesday(5.00pm) at NCDEX. We hold a bearish view for soybean and expect to trade on a subdued note during the day. The favorable weather pattern across Argentina is likely toboost the soybean plantingsMoreover, the outbreakof bird flu in Kerala is controlled according to news reports. The decline in supplies across the physical markets might limit the loss in the commodity. Overall, we hold a bearish view and recommend selling both CBOT SOYABEAN (DECEMBER) DAILY CHART SOYABEAN (DECEMBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1:3225,
SUPPORT 2: 3200, RESISTENCE 1: 3260,
RESISTENCE 2: 3285. STRATEGY: SELL ON RISE

4. DAILY AGRI COMMODITY REPORT
CHANA Chana Bearish trend is likely to continue in chana market on the account of steady supplies of other pulses in local mandies accompanied with stockiest selling in local mandeis. The NCDEX futures to test 3000- 2970 levels today. The fresh arrivals of chana will start from second week of January from Karnataka. However, traders estimated that total crop size is likely to be around 25-30 per cent below the last year. This will support the prices in the near term. CHANA (DECEMBER) DAILY CHART CHANA (DECEMBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1: 3010,
SUPPORT 2: 2970, RESISTENCE 1: 3070,
RESISTENCE 2: 3100, STRATEGY: SELL ON RISE

5. DAILY AGRI COMMODITY REPORT
JEERA Jeera December contract up 1.23 % to 12160 levels on wednesday(5.00pm) at NCDEX. Bullish trade is likely to continue in jeera contract. As per latest Govt reports, in Gujarat, normal area for Jeera crop isapproximately 388,000 hectares.Till 17.11.2014, 60,900 ha have sown as compared to 74100 ha lastyear. The sowing area during thecurrent year likely to go down inGujarat and Rajasthan growingregions due to lower price ascompared to the Coriander. JEERA (DECEMBER) DAILY CHART JEERA (DECEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATION SUPPORT 1: 12200,
SUPPORT 2: 12000, RESISTENCE 1: 12500,
RESISTENCE 2: 12650, STRATEGY: BUY ON DIPS

6. DAILY AGRI COMMODITY REPORT
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