DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
19TH
DECEMBER 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP
TURMERIC
Turmeric April futures traded on a positive note on Thursday at India's National Commodity&
Derivatives Exchange(NCDEX). Turmeric spice incresed by 1.11 % to 7962 level till Thursday
closing (5.00pm) at NCDEX.
Stockiest are expecting a steady output in near term though some traders are eying fresh
demand to emerge in January as new crop arrivals are still four months away. Turmeric April
futures rose massively to the contract high of Rs 7840 per quintal on strong demand amid lower
arrivals.
. TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 8165,
RESISTANCE 1: 8100,
SUPPORT 1: 7995,
SUPPORT 2: 7945.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT
SOYABEAN
The NCDEX Soyabean January futures incresed by 0.73 percent in the last trading to close at
3268 level till Thursday closing.
Soybean futures may trade on a mixed to negative note. Weak international market sentiments
may pressurize the prices. Total U.S. oilseed production for 2014/15 is projected at 117.0
million tons, down slightly due to a small reduction in cottonseed. Soybean exports are
increased 40 million bushels to 1,760 million reflecting the record export pace in recent weeks
and prospects for additional sales and shipments ahead of the South American harvest. With
crush unchanged, soybean ending stocks for 2014/15 are projected at 410 million bushels,
down 40 million from last month but still the highest since 2006/07.
SOYABEAN (JANUARY) DAILY CHART
SOYABEAN (JANUARY) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2:3325,
RESISTANCE 1: 3310,
SUPPORT 1: 3275
SUPPORT 2: 3250.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT
CHANA
Chana futures traded on a positive note on incresed demand. Chana January contract gained
1.83 % to 3205 levels on Thursday (5.00PM) at India's National Commodity & Derivatives
Exchange Limited (NCDEX).
According to latest estimates of coverage under Rabi pulses has reached 107.85 lakh hectares
as on December 5, 2014 which is -11.56% lower as compared to previous year. Chana has been
sown over 69.43 lakh hectares as on December 05, 2014 which is -17.24% lower than the area
sown during the same period previous year.
CHANA (JANUARY) DAILY CHART
CHANA (JANUARY) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3345,
RESISTANCE 1: 3320,
SUPPORT 1: 3230,
SUPPORT 2: 3175,
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT
DHANIYA
The NCDEX Dhaniya January futures decresed by -1.28 % in the last trading to close at 13029
level on Thursday. Further dhaniya will be in downtrend , Friday we can see a bearish
movement in Dhaniya technically & fundamentally.
DHANIYA (JANUARY) DAILY CHART
DHANIYA (JANUARY) TECHNICAL VIEW:
TREND: BEARISH
RESISTANCE 2: 13105,
RESISTANCE 1: 12985,
SUPPORT 1: 12800,
SUPPORT 2: 12740,
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed
to be reliable, but we do Company not accept any responsibility (or liability) for errors of fact or
opinion. Users have the right to choose the product/s that suits them the most.
Use of this report in no way constitutes a client/advisor relationship, all information we
communicate to you (the subscriber) either through our Web site or other forms of
communications, are purely for informational purposes only. We recommend seeking individual
investment advice before making any investment, for you are assuming sole liability for your
investments. Capital Stars will in no way have discretionary authority over your trading or
investment accounts.
All rights reserved.
CONTACT US
MOB: +91 92000 99927
PHONE: +91 731 6662200
Email: info@capitalstars.com
CAPITAL STARS FINANCIAL
RESEARCH PRIVATE LIMITED
PLOT NO. 12, SCHEME NO. 78, PART II
VIJAYNAGAR INDORE 452001 (MP)

Daily agri report by capital stars 19 dec 2014

  • 1.
    DAILY AGRI COMMODITYREPORT CAPITALSTARS FINANCIAL RESEARCH PVT. LTD. DAILY AGRI REPORT 19TH DECEMBER 2014
  • 2.
    DAILY AGRI COMMODITYREPORT AGRI WRAP TURMERIC Turmeric April futures traded on a positive note on Thursday at India's National Commodity& Derivatives Exchange(NCDEX). Turmeric spice incresed by 1.11 % to 7962 level till Thursday closing (5.00pm) at NCDEX. Stockiest are expecting a steady output in near term though some traders are eying fresh demand to emerge in January as new crop arrivals are still four months away. Turmeric April futures rose massively to the contract high of Rs 7840 per quintal on strong demand amid lower arrivals. . TURMERIC (APRIL) DAILY CHART TURMERIC (APRIL) TECHNICAL VIEW: TREND: BULLISH RESISTANCE 2: 8165, RESISTANCE 1: 8100, SUPPORT 1: 7995, SUPPORT 2: 7945. STRATEGY: BUY ON DIPS
  • 3.
    DAILY AGRI COMMODITYREPORT SOYABEAN The NCDEX Soyabean January futures incresed by 0.73 percent in the last trading to close at 3268 level till Thursday closing. Soybean futures may trade on a mixed to negative note. Weak international market sentiments may pressurize the prices. Total U.S. oilseed production for 2014/15 is projected at 117.0 million tons, down slightly due to a small reduction in cottonseed. Soybean exports are increased 40 million bushels to 1,760 million reflecting the record export pace in recent weeks and prospects for additional sales and shipments ahead of the South American harvest. With crush unchanged, soybean ending stocks for 2014/15 are projected at 410 million bushels, down 40 million from last month but still the highest since 2006/07. SOYABEAN (JANUARY) DAILY CHART SOYABEAN (JANUARY) TECHNICAL VIEW: TREND: BULLISH RESISTANCE 2:3325, RESISTANCE 1: 3310, SUPPORT 1: 3275 SUPPORT 2: 3250. STRATEGY: BUY ON DIPS
  • 4.
    DAILY AGRI COMMODITYREPORT CHANA Chana futures traded on a positive note on incresed demand. Chana January contract gained 1.83 % to 3205 levels on Thursday (5.00PM) at India's National Commodity & Derivatives Exchange Limited (NCDEX). According to latest estimates of coverage under Rabi pulses has reached 107.85 lakh hectares as on December 5, 2014 which is -11.56% lower as compared to previous year. Chana has been sown over 69.43 lakh hectares as on December 05, 2014 which is -17.24% lower than the area sown during the same period previous year. CHANA (JANUARY) DAILY CHART CHANA (JANUARY) TECHNICAL VIEW: TREND: BULLISH RESISTANCE 2: 3345, RESISTANCE 1: 3320, SUPPORT 1: 3230, SUPPORT 2: 3175, STRATEGY: BUY ON DIPS
  • 5.
    DAILY AGRI COMMODITYREPORT DHANIYA The NCDEX Dhaniya January futures decresed by -1.28 % in the last trading to close at 13029 level on Thursday. Further dhaniya will be in downtrend , Friday we can see a bearish movement in Dhaniya technically & fundamentally. DHANIYA (JANUARY) DAILY CHART DHANIYA (JANUARY) TECHNICAL VIEW: TREND: BEARISH RESISTANCE 2: 13105, RESISTANCE 1: 12985, SUPPORT 1: 12800, SUPPORT 2: 12740, STRATEGY: SELL ON RISE
  • 6.
    DAILY AGRI COMMODITYREPORT DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do Company not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Use of this report in no way constitutes a client/advisor relationship, all information we communicate to you (the subscriber) either through our Web site or other forms of communications, are purely for informational purposes only. We recommend seeking individual investment advice before making any investment, for you are assuming sole liability for your investments. Capital Stars will in no way have discretionary authority over your trading or investment accounts. All rights reserved. CONTACT US MOB: +91 92000 99927 PHONE: +91 731 6662200 Email: info@capitalstars.com CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP)