CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

22 ND JANUARY 2015

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric April futures traded on a negative note on Wednesday at India's National Commodity
& Derivatives Exchange(NCDEX). Turmeric spice easied by -4.00% to 8596 level on Wednesday
(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: BEARISH
RESISTANCE 2: 9180,
RESISTANCE 1: 8890,
SUPPORT 1: 8450,
SUPPORT 2: 8300.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean February futures eased by by -1.97% in the last trading to close at 3390
level till Wednesday 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: 3450,
SUPPORT 1: 3350,
SUPPORT 2: 3315.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a negative note on incresed demand on Wednesday. Chana January
contract gained -1.81% to 3362 levels on Wednesday (5.00PM).
Prices recovered from the lower levels on improved demand. The recent rains in some parts of
Rajasthan had pressurized prices as that was considered beneficial for the standing crop. Any
further rains in coming days there could again pressurize prices to some extent. However, lower
sowing reports and expectations of a pick up in demand at the lower levels are likely to support
the prices in coming weeks.

CHANA (FEBRUARY) DAILY CHART

CHANA (FEBRUARY) TECHNICAL VIEW:

TREND: BEARISH
RESISTANCE 2: 3450,
RESISTANCE 1: 3405,
SUPPORT 1: 3325,
SUPPORT 2: 3290.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya April futures eased by -1.54% in the last trading to close at 7410 level on
Wednesday.
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 BEARISH
RESISTANCE 2: 7680,
RESISTANCE 1: 7545,
SUPPORT 1: 7275,
SUPPORT 2: 7140,
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

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DAILY AGRI COMMODITY REPORT