Turmeric futures declined on Thursday due to profit-taking, though lower stocks and production are expected to support prices long-term. Soybean futures fell slightly but were supported by firm international markets and short-covering. Chana futures rose as demand increased in mandis, and prices are expected to remain firm as skies clear in Northwestern India. Dhaniya futures decreased as stockist liquidation continued due to good rainfall in major producing states, and further declines are anticipated.

1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
9TH
JANUARY 2015

2. DAILY AGRI COMMODITY REPORT
AGRI WRAP
TURMERIC
Turmeric April futures traded on a negative note on Thursday at India's National Commodity &
Derivatives Exchange(NCDEX). Turmeric spice slipped by -2.64% to 9154 level on Thursday
(5.00pm) at NCDEX.
Profit booking at the higher levels was noted for Turmeric even as lower 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: BEARISH
RESISTANCE 2: 9285,
RESISTANCE 1: 9100,
SUPPORT 1: 8780,
SUPPORT 2: 8650.
STRATEGY: SELL ON RISE

3. DAILY AGRI COMMODITY REPORT
SOYABEAN
The NCDEX Soyabean January futures decresed by -0.65% in the last trading to close at 3383
level till Thursday closing.
Firmness in International markets along with short covering at the lower levels supported the
rates for Soybean, which traders anticipate, has fallen to very low levels. The recent rains in MP
and Rajasthan had temporarily created a bearish trend.
SOYABEAN (JANUARY) DAILY CHART
SOYABEAN (JANUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2:3425,
RESISTANCE 1: 3390,
SUPPORT 1: 3340,
SUPPORT 2: 3320.
STRATEGY: SELL ON RISE

4. DAILY AGRI COMMODITY REPORT
CHANA
Chana futures traded on a positive note on increased demand on Thrusday. Chana January
contract gained 0.26% to 3467 levels on Thursday (5.00PM).
Markets recovered slightly for Chana as demand rose in the mandis at the lower levels. With
skies clearing up in North-West India, trend likely to remain firm for the counter in coming days.
CHANA (JANUARY) DAILY CHART
CHANA (JANUARY) TECHNICAL VIEW:
TREND: CONSOLIDATE
RESISTANCE 2: 3540,
RESISTANCE 1: 3505,
SUPPORT 1: 3440,
SUPPORT 2: 3410.
STRATEGY: BUY ON DIPS

5. DAILY AGRI COMMODITY REPORT
DHANIYA
The NCDEX Dhaniya April futures decresed by -1.08 % in the last trading to close at 8315 level
on Thursday.
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 (APRIL) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 8470,
RESISTANCE 1: 8350,
SUPPORT 1: 8150,
SUPPORT 2: 8079,
STRATEGY: SELL ON RISE

6. DAILY AGRI COMMODITY REPORT
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