1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
28TH
JANUARY 2015
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP
TURMERIC
Turmeric April futures traded on a negative note on Tuesday at India's National Commodity &
Derivatives Exchange(NCDEX). Turmeric spice easied by -1.03% to 8080 level on Tuesday
(5.00pm) at NCDEX.
Lack of strong demand amidst higher arrivals in the mandis kept trend weak for Turmeric.
However with demand likely to rise in coming weeks at these lower levels, it could support the
falling rates to some extent.
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 8500,
RESISTANCE 1: 8290,
SUPPORT 1: 7790,
SUPPORT 2: 7500.
STRATEGY: BUY ON DIPS
3. DAILY AGRI COMMODITY REPORT
SOYABEAN
The NCDEX Soyabean February futures surged by by 0.72% in the last trading to close at 3358
level till Tuesday closing.
Rains in North-West and Central Indian and bearishness in International markets kept trend
down for Soybean even as good demand in domestic markets persisted. Higher projections for
global production could however keep a tap on the rising rates.
SOYABEAN (FEBRUARY) DAILY CHART
SOYABEAN (FEBRUARY) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2:3440,
RESISTANCE 1: 3400,
SUPPORT 1: 3305,
SUPPORT 2: 3250.
STRATEGY: BUY ON DIPS
4. DAILY AGRI COMMODITY REPORT
CHANA
Chana futures traded on a positive note on incresed demand on Monday. Chana January
contract gained 0.55% to 3304 levels on Tuesday (5.00PM).
No recovery could be noted for Chana as rains in the growing states continued to pressurize
market sentiments. Rains in growing areas in Rajasthan, MP and UP are reportedly beneficial
for the standing crop.
CHANA (FEBRUARY) DAILY CHART
CHANA (FEBRUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 3385,
RESISTANCE 1: 3345,
SUPPORT 1: 3260,
SUPPORT 2: 3215.
STRATEGY: SELL ON RISE
5. DAILY AGRI COMMODITY REPORT
DHANIYA
The NCDEX Dhaniya April futures eased by 4.00% in the last trading to close at 7738 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: MIXED TO BEARISH
RESISTANCE 2: 8090,
RESISTANCE 1: 7910,
SUPPORT 1: 7650,
SUPPORT 2: 7560,
STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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