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Ncdex Report of 17th February 2014
1. AGRI COMMODITY REPORT
SWASTIKA INTELLIGENCE GROUP
4
17Th february 2014
SOYABEAN
On technical chart soyabean mar. future
trend is bullish where soyabean mar.
future has resistance at 3950 on intraday
basis while 3875 is a immediate support
closing is 3927
Momentum indicators RSI is indicating
bullish trend.
Traders are advised to that buy around
3900 with sl of 3875 for the day target of
3950.
FUNDAMENTALS:-crop harvesting is on
progress in south America.
unfavourable weather condition can create
volatility in market.
Daily chart of SOYABEAN
CASTORSEED
Castorseed mar. looking for intraday will be
sideways to bearish.
We can see support around 4200 and
resistance is 4340 closing is 4267.
Intraday traders are advised to sell
castorseed around 4300 with sl 4340
target 4200.
Movementam indicator RSI. In daily chart
Indicating for sideways to bearish trend
only for intraday.
Daily chart of CASTORSEED
Swastika Intelligence Group,
1st Floor , Bandukwala Building, British Hotel Lane, Fort Mumbai
2. AGRI COMMODITY REPORT
SWASTIKA INTELLIGENCE GROUP
4
17Th february 2014
KAPAS
Kapas apr. trend for intraday will be
bearish.
It has a major resistance is 975 and support
is 950 closing is 960.
Traders are advised to sell kapas around
965 with sl 975 for tgt 950.
Upside is limited so traders can see target
in intraday up to below 950.
JEERA
Intraday chart of CASTORSEED
CASTORSEED.
jeera mar. trend for intraday will be
bearish.
It has a major resistance of 11850 ,support
is 11400,closing is 11630.
Traders are advised that make selling
position around 11700 with sl 11850 for
target 11400.
Movementam indicators RSI in uptrend and
it is above 30 day moving average in daily
chart, at that level we may see buying in
intraday.
FUNDAMENTAL:-due to favourable
weather condition for crop development
can made continuous selling preasure on
every rise.
Daily chart of JEERA
Swastika Intelligence Group,
1st Floor , Bandukwala Building, British Hotel Lane, Fort Mumbai
3. AGRI COMMODITY REPORT
4
17Th february 2014
SWASTIKA INTELLIGENCE GROUP
Designation
E-mail ID
Vishnu Shreekar
Report Prepared by
Commodity Analyst
vishnu.shreekar@swastika.co.in
RESEARCH TEAM
Santosh Sahu
Santosh Meena
Amit Khare
Sonakshi Bahety
Saloni Gupta
SWASTIKA INTELLIGENCE GROUP
Research Head
Derivatives & Technical Analyst
Commodity Analyst
Research Associate
Research Associate
research@swastika.co.in
santosh.sahu@swastika.co.in
santosh.meena@swastika.co.in
amit.khare@swastika.co.in
sonakshi.bahety@swastika.co.in
salony.gupta@swastika.co.in
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