Вы находитесь на странице: 1из 6

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT


20 TH JANUARY 2015

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric April futures traded on a positive note on Monday at India's National Commodity &
Derivatives Exchange(NCDEX). Turmeric spice surged up by 1.53% to 9134 level on Monday
(5.00pm) at NCDEX.
Turmeric traded slightly lower as traders waited for the prices to cool before initiating fresh
demand in mandis. Low stocks and lower production reports are however likely to support
prices in the medium to long term. Demand from North India is also expected to rise in coming
weeks.

TURMERIC (APRIL) DAILY CHART

TURMERIC (APRIL) TECHNICAL VIEW:


TREND: MIXED TO BULLISH
RESISTANCE 2: 9345,
RESISTANCE 1: 9240,
SUPPORT 1: 9030,
SUPPORT 2: 8925.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean February futures eased by by -0.40% in the last trading to close at 3462
level till Monday closing.
Moderate firmness was noted for Soybean last week even as no strong recovery was noted in
the International markets. Firm demand in domestic market kept trend slight firm as traders
anticipate demand to rise even further in coming weeks.Higher projections for global
production could however keep a tap on the rising rates.

SOYABEAN (FEBRUARY) DAILY CHART

SOYABEAN (FEBRUARY) TECHNICAL VIEW:


TREND: MIXED TO BEARISH
RESISTANCE 2:3505,
RESISTANCE 1: 3480,
SUPPORT 1: 3450,
SUPPORT 2: 3430.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a positive note on incresed demand on Monday. Chana January
contract gained 1.13% to 3411 levels on Monday (5.00PM).
The 2nd advance estimate by Rajasthan state agriculture department projected 12.24 lakh tons
of chana this year, while it had touched 16.40 lakh tons last year. Chana acreage is lagging by
22% there. As per the data, sowing area has covered 14.9 lakh ha in the state so far, while it
was recorded 19.23 lakh ha last year.

CHANA (FEBRUARY) DAILY CHART

CHANA (FEBRUARY) TECHNICAL VIEW:


TREND: MIXED TO BEARISH
RESISTANCE 2: 3495,
RESISTANCE 1: 3450,
SUPPORT 1: 3365,
SUPPORT 2: 3315.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya April futures surged up by 0.21% in the last trading to close at 7480 level on
Monday.
Sentiment weakened further as speculators reduced their positions on the back of sluggish
demand in the market. Dhaniya is common in South Asian Middle Eastern Central Asian
Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.

DHANIYA (APRIL) DAILY CHART

DHANIYA (APRIL) TECHNICAL VIEW:


TREND: MIXED TO BULLISH
RESISTANCE 2: 7780,
RESISTANCE 1: 7630,
SUPPORT 1: 7340,
SUPPORT 2: 7200,
STRATEGY: BUY ON DIPS
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

Вам также может понравиться