CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

22 TH DECEMBER 2014

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric April futures traded on a negative note on Fridayday at India's National Commodity&
Derivatives Exchange(NCDEX). Turmeric spice incresed by -0.52 % to 8068 level till Friday
closing (5.00pm) at NCDEX.
Sentiments remained slightly bearish after previous days hike as some profit booking is noticed
in turmeric. Demand is expected to pick up further in coming weeks. Falling stocks too are
likely to support the prices.
.

TURMERIC (APRIL) DAILY CHART

TURMERIC (APRIL) TECHNICAL VIEW:

TREND: MIXED TO BEARISH
RESISTANCE 2: 8270,
RESISTANCE 1: 8150,
SUPPORT 1: 7920,
SUPPORT 2: 7800.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean January futures decresed by -0.12 percent in the last trading to close at
3295 level till Friday closing.
Moderate recovery was noted for Soybean after the recent fall in rates as International markets
showed some firmness. USDA raised its forecast for global production, and expects inventories
to reach an all-time high. Bigger global grain and oilseed supplies have pushed world food costs
to a 4-year low. Soybean futures are heading for second straight annual losses, the longest
slides since 1999. The market analysts are of the opinion that even with record demand, the
leftover supply of soybeans before next years harvest will be record large.2006/07.

SOYABEAN (JANUARY) DAILY CHART

SOYABEAN (JANUARY) TECHNICAL VIEW:

TREND: CONSOLIDATE
RESISTANCE 2:3315,
RESISTANCE 1: 3300,
SUPPORT 1: 3280
SUPPORT 2: 3265.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a positive note on incresed demand. Chana January contract gained
0.03 % to 3272 levels on Friday (5.00PM) at India's National Commodity & Derivatives
Exchange Limited (NCDEX).
According to Trend remained firm for Chana even as profit booking got noted at the higher
levels. Rising Festive season domestic demand kept trend Bullish for Chana. Further uptrend
likely in coming days as market sentiments remain firm. Fall in Rabi sowing area for Rabi Pulses
too is having a Bullish impact on the prices. Lower production prospects in International
markets would make import costlier.

CHANA (JANUARY) DAILY CHART

CHANA (JANUARY) TECHNICAL VIEW:

TREND: BULLISH
RESISTANCE 2: 3340,
RESISTANCE 1: 3305,
SUPPORT 1: 3250,
SUPPORT 2: 3125.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya January futures decresed by -3.99 % in the last trading to close at 13029
level on Friday . Further dhaniya will be in downtrend , Monday we can see a bearish
movement in Dhaniya technically & fundamentally.

DHANIYA (JANUARY) DAILY CHART

DHANIYA (JANUARY) TECHNICAL VIEW:

TREND: BEARISH
RESISTANCE 2: 13015,
RESISTANCE 1: 12700,
SUPPORT 1: 12210,
SUPPORT 2: 12050,
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

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DAILY AGRI COMMODITY REPORT