Turmeric futures dropped over 2% due to strong new supplies in local markets and limited buying at higher levels. Soybean futures decreased 0.3% as weakness in international markets and rains in key states weighed on prices. Chana futures lost 0.69% as rains improved crop prospects and duty-free imports were extended. Dhaniya futures rose 3.39% as liquidation by stockists drove prices lower in major mandis.

1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
6TH
JANUARY 2015

2. DAILY AGRI COMMODITY REPORT
AGRI WRAP
TURMERIC
Turmeric futures dropped on the back of strong new supplies in local mandies along
with limited offtake by traders at higher levels. The NCDEX AprilTurmeric futures ended
the day at Rs 9094, down Rs 218 or 2.34% over last close.
Traders have reported strong arrivals of 15,000 bags at Erode mandi. While 1,500 bags
of new arrivals have been reported in Nizamabad mandi. This will keep the prices under
pressure in the near term. However, traders stated that total turmeric production in the
current year is estimated at around 45-47 lakh tonnes, down almost 20-25 lakh bags
from the last year.
Turmeric futures eased from the high of Rs 9,680 level made last week andsettled the
day at Rs 9094, down Rs 218 or 2.34% over last close. The openinterest added 30
tonnes to 25,950 tonnes, indicating short selling. .
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 9540,
RESISTANCE 1: 9320,
SUPPORT 1: 8960,
SUPPORT 2: 8825.
STRATEGY: SELL ON RISE

3. DAILY AGRI COMMODITY REPORT
SOYABEAN
The NCDEX Soyabean January futures decresed by -0.30% in the last trading to close at 3370
level till Monday closing.
Prices found some strong support at the lower levels for Soybean even as weakness in
International markets amidst rains in MP and Rajasthan kept the uptrend limited.
SOYABEAN (JANUARY) DAILY CHART
SOYABEAN (JANUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2:3415,
RESISTANCE 1: 3385,
SUPPORT 1: 3340,
SUPPORT 2: 3325.
STRATEGY: SELL ON RISE

4. DAILY AGRI COMMODITY REPORT
CHANA
Chana futures traded on a negative note on decresed demand on Monday. Chana January
contract lost -0.69% to 3492 levels on Monday (5.00PM).
Rains in many parts of North-West and Central India keeps market sentiments weak on
anticipations of that being good for the standing crop. Extending Duty-free import for Pulses till
March 31 created a further selling pressure for Pulses complex. Domestic demand however
likely to pick up again at the lower levels as overall market sentiments remain firm.
Fall in Rabi sowing area for Rabi Pulses and lower International production prospects could
support prices in medium to long term however..
CHANA (JANUARY) DAILY CHART
CHANA (JANUARY) TECHNICAL VIEW:
TREND: CONSOLIDATE
RESISTANCE 2: 3530,
RESISTANCE 1: 3500,
SUPPORT 1: 3445,
SUPPORT 2: 3420.
STRATEGY: SELL ON RISE

5. DAILY AGRI COMMODITY REPORT
DHANIYA
The NCDEX Dhaniya January futures incresed by 3.39 % in the last trading to close at 10937
level on Monday.
Stockiest liquidation continued in dhaniya prices as prices declined by almost Rs 100 per quintal
at Kota mandi due to favourable rainfall in major coriander states Madhya Pradesh and
Rajasthan. Traders are expecting further selling in the near term.
DHANIYA (JANUARY) DAILY CHART
DHANIYA (JANUARY) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 11680,
RESISTANCE 1: 11510,
SUPPORT 1: 11010,
SUPPORT 2: 10680,
STRATEGY: BUY ON DIPS

6. DAILY AGRI COMMODITY REPORT
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