1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
8TH
JANUARY 2015

2. DAILY AGRI COMMODITY REPORT
AGRI WRAP
TURMERIC
Turmeric April futures traded on a negative note on wednesday at India's National Commodity
& Derivatives Exchange(NCDEX). Turmeric spice slipped by -2.03% to 9342 level on Wednesday
(5.00pm) at NCDEX.
Good arrivals were noted in Nizamabad today. The traders are expecting this momentum to
continue, keeping prices slightly on a bearish track. Prices have already soared by around 30%
in last three weeks, hitting Rs 8000 per quintal mark in Nizamabad. The commodity currently
trades at Rs 8002 per quintal, almost unchanged on the day.
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW:
TREND: CONSOLIDATE
RESISTANCE 2: 9600,
RESISTANCE 1: 9375,
SUPPORT 1: 9000,
SUPPORT 2: 8850.
STRATEGY: BUY ON DIPS

3. DAILY AGRI COMMODITY REPORT
SOYABEAN
The NCDEX Soyabean January futures decresed by -0.09% in the last trading to close at 3386
level till Wednesday closing.
The uptrend seen early on in the day from a firm International market was not sustained, as
prices fell in the afternoon on bearish impact of the recent rains in MP and Rajasthan.
SOYABEAN (JANUARY) DAILY CHART
SOYABEAN (JANUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2:3415,
RESISTANCE 1: 3395,
SUPPORT 1: 3370,
SUPPORT 2: 3355.
STRATEGY: SELL ON RISE

4. DAILY AGRI COMMODITY REPORT
CHANA
Chana futures traded on a positive note on increased demand on Wednesday. Chana January
contract gained 0.81% to 3446 levels on wednesday (5.00PM).
Spot Chana market is trading steady though the arrivals have picked up pace as traders' eye the
start of the new season. The worries over rabi sowing are keeping sentiments supported. Major
losses have emerged in the area under Gram or Chana. The area under sowing of Gram is at
79.65 lakh hectares this year while the last year's figure was 95.03 lakh hectares- down 16%.
CHANA (JANUARY) DAILY CHART
CHANA (JANUARY) TECHNICAL VIEW:
TREND: CONSOLIDATE
RESISTANCE 2: 3520,
RESISTANCE 1: 3495,
SUPPORT 1: 3440,
SUPPORT 2: 3405.
STRATEGY: BUY ON DIPS

5. DAILY AGRI COMMODITY REPORT
DHANIYA
The NCDEX Dhaniya January futures incresed by 0.33 % in the last trading to close at 8265 level
on wednesday.
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 (APRIL) DAILY CHART
DHANIYA (JANUARY) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 8850,
RESISTANCE 1: 8565,
SUPPORT 1: 8145,
SUPPORT 2: 7990,
STRATEGY: BUY ON DIPS

6. DAILY AGRI COMMODITY REPORT
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