1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
14TH
JANUARY 2015
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP
TURMERIC
Turmeric April futures traded on a positive note on Tuesday at India's National Commodity &
Derivatives Exchange(NCDEX). Turmeric spice surged up by 2.00% to 9160 level on Tuesday
(5.00pm) at NCDEX.
Some consolidation in rates are seen as market finding some support on these lower levels.
Low stocks and lower production reports are likely to support prices in the medium to long
term. Demand from North India is picking up at these levels.
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 9465,
RESISTANCE 1: 9300,
SUPPORT 1: 8950,
SUPPORT 2: 8750.
STRATEGY: BUY ON DIPS
3. DAILY AGRI COMMODITY REPORT
SOYABEAN
The NCDEX Soyabean february futures decresed by -0.58% in the last trading to close at 3447
level till Tuesday closing.
Indian Soybean production is reduced on lower yields reflecting late planting and short
monsoon season. Several years of historical revisions are also made for Indian production.
Other changes include increased production for Bolivia, increased soybean and sunflowerseed
production for EU, and reduced cottonseed production for India.
SOYABEAN (FEBRUARY) DAILY CHART
SOYABEAN (FEBRUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2:3500,
RESISTANCE 1: 3470,
SUPPORT 1: 3430,
SUPPORT 2: 3410.
STRATEGY: SELL ON RISE
4. DAILY AGRI COMMODITY REPORT
CHANA
Chana futures traded on a negative note on decresed demand on Tuesday. Chana January
contract gained -2.24% to 3486 levels on Tuesday (5.00PM).
In chna moreover the restricted arrivals of the commodity in the physical market due to lower
estimated output also influenced the chana prices. India is the largest producer of chickpea
followed by Pakistan Turkey and Iran. India produces around 6 to 8 million tonnes and
contributes around 70 per cent of the total world production..
CHANA (FEBRUARY) DAILY CHART
CHANA (FEBRUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 3645,
RESISTANCE 1: 3600,
SUPPORT 1: 3530,
SUPPORT 2: 3500.
STRATEGY: SELL ON RISE
5. DAILY AGRI COMMODITY REPORT
DHANIYA
The NCDEX Dhaniya April futures decresed by -4.00% in the last trading to close at 8001 level on
Tuesday.
Sentiment weakened further as speculators reduced their positions on the back of sluggish
demand in the market. Dhaniya is common in South Asian Middle Eastern Central Asian
Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.
DHANIYA (APRIL) DAILY CHART
DHANIYA (APRIL) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 8460,
RESISTANCE 1: 8230,
SUPPORT 1: 7886,
SUPPORT 2: 7770,
STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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