CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

15 TH DECEMBER 2014

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric April futures traded on a positive note on Friday at India's National Commodity&
Derivatives Exchange(NCDEX). Turmeric spice increased by 0.81 % to 7648 level till Friday
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: CONSOLIDATE
RESISTANCE 2: 7855,
RESISTANCE 1: 7780,
SUPPORT 1: 7635,
SUPPORT 2: 7560.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean January futures Surged by 0.27 percent in the last trading to close at
3311 level till Friday closing.
Soybean prices may trade on a bullish note in the intraday session. Meanwhile in the CBOT
platform soybean gained marginally by 0.82% week-on-week. The overall fundamentals remain
bullish for the commodity to trade on a strong note today. The soybean plantings progress
across the South American nations is going on a good pace with favorable weather supporting
the crop. front.

SOYABEAN (JANUARY) DAILY CHART

SOYABEAN (JANUARY) TECHNICAL VIEW:

TREND: CONSOLIDATE
RESISTANCE 2:3370,
RESISTANCE 1: 3345,
SUPPORT 1: 3285,
SUPPORT 2: 3255.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a negative note on decreased demand. Chana December contract
gained -0.89% to 3019 levels on Friday (5.00PM) at India's National Commodity & Derivatives
Exchange Limited (NCDEX).
Good demand is seen in Chana even as production outlook turns brighter. Some Chana
producing areas in North region are likely to see mdest rainfall in coming days.
Chana prices stayed steady in Delhi after approaching Rs 3,000 per quintal mark as concerns
about the sowing scenario are triggering good buying. Delhi Chana arrivals fell to 25 trucks
today after coming in at 40 trucks in last session.

CHANA (DECEMBER) DAILY CHART

CHANA (DECEMBER) TECHNICAL VIEW:

TREND: MIXED TO BEARISH
RESISTANCE 2: 3070,
RESISTANCE 1: 3030,
SUPPORT 1: 2970,
SUPPORT 2: 2950,
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya January futures decresed by -1.23% in the last trading to close at 13121
level on Friday. Further dhaniya will be in downtrend , Monday we can see an downward
movement in Dhaniya technically & fundamentally.

DHANIYA (JANUARY) DAILY CHART

DHANIYA (JANUARY) TECHNICAL VIEW:

TREND: BEARISH
RESISTANCE 2: 13205,
RESISTANCE 1: 13080,
SUPPORT 1: 12880,
SUPPORT 2: 12800,
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 COMMODITY REPORT