31/12/2014

Date and Time

31/DEC/2014
STOCK: Sybean Feb
Call: BUY
CMP: 3489
Initiation Level:
Above 3550
Book Profit (Level
1): 3630
Book Profit (Level
2): 3700
Stop Loss: 3450
Conviction Level:
Moderate Risk.

SOYBEAN FEB NCDEX

Soybean Feb NCDEX: Prices skyrocketed in past few session from the low of 3362 dated 22 dec
2014 and made high of 3562 dtd 29 dec2014.Prices traded choppy in previous day and finally
closed at down 3489 levels. Firmness in International markets amidst rising Festive season
demand in the domestic market ensured prices remained firm for Soybean. Traders anticipate
that with prices having rising a lot over last weeks. Reports on govt sources India hiked import
duty on Crude Edible Oil from 2.5% to 7.5% and on Refined Edible Oil to 15% from 10% to
protect local farmers. Prices are still strongly held the base support of 3450, but major upside
views are seen only once it clears the technical resistance of 3550 towards 3630/3700 levels.
Moreover, an increase in volume along with OI would support the upward bias. However, unable
to do so could see a range bound market and major weakness is seen only if prices rupture
horizontal support of 3450 that could negate present uptrend in the near term. Hence, we
recommend only buying above 3550 levels for the day.

Reasoning. (Read
Technical
commentary).
Short term Trend:
Bullish.
Medium Term
Trend: Bearish.
For the Traders: BUY
For Aggressive
Traders: BUY
Support: 3400-33203250
Resistance-35503600-3700
Duration: 4-5 Days
Recommendation:On the basics of technical
and Fundamental
analysis we are
Recommending to buy
Sybean Feb above (3540)
with the Stop Loss of
3450 for the Target of
3630 and 3700.

SYBEAN FEB DAILY TECHNICAL CHART

Date and Time

31/Dec/2014
STOCK: Guarseed Feb
Call: SELL
CMP: 4848
Initiation Level: 4950
Book Profit (Level 1):
4850
Book Profit (Level 2):
4730
Stop Loss Above: 5080
Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical commentary).
Short term Trend:
Bullish .
Medium Term Trend:
Bearish.

GUARSEED FEB NCDEX

Guarseed Feb NCDEX: Prices traded with high volatility as prices continued to traded higher
in past few session from these lower levels (4479) as improved domestic demand kept trend
upside and previous session finally closed around 4848 levels, prices As per trader estimates
however, production this year is expected 43% lower at 12.5 MMT due to erratic rains. Total
arrival is around 1.25 lakh bags, 0.4-0.5 lakh bags down from previous year. This could support
prices in medium term when exports pick up. A significant fall in Crude Oil prices kept trend
weak for Guar Seed even as other Agri commodities shot up. Even as there are reports of prices
being at very low levels, any strong recovery in Crude Oil can ensure Exports picking up. But a
recovery in Crude prices is needed for Guar to bounce back strongly. . For the day, any break
below the support of 4730 could see downside bias towards 4630 followed by 4560 levels.
However, the volume is seen increase these days along with an increase in OI suggests an
upside directive moves. On the other side, if prices breach the resistance of 5020 could turn the
outlook into positive territory in the near term. Hence, we recommend sell on rise around 4950
for the day.

For the Traders: Sell

For Aggressive
Traders: Sell
Support: 4730-46804530
Resistance-50405230-5380
Duration:4-5 Days
Recommendation:On the basics of Technical
and fundamental analysis
we are Recommending Sell
Guarseed Feb around 4950
for the target of 4850
4600 with a strict a stop
loss of 5040.

GUARSEED FEB DAILY TECHNICAL CHART

CCHATECHNICALCHART

Date and Time

31/Dec/2014

CARDAMOM JAN
Cardamom Jan: Prices fired previous couple of session from the low of 905, reached high 972.80

STOCK: Cardamom

Jan

in previous day and prices, rebounded firmly from the resistance of 976.90 and later closed at
975. Cardamom futures slumped on long liquidation trigged by strong availability. Cardamom

Call: SELL
CMP: 975

futures are expected to remain weak on strong arrivals and any upside is not sustainable
considering the present scenario. Cardamom as weak domestic market demand, high stocks and

Initiation Level:
Around 980
Book Profit (Level 1):
960

bearishness in International markets kept pressure on the domestic market sentiments. Last few
days added further to the buying atmosphere. Prices are however above at strong psychological
Support level of 910 for Feb contract. For the week, any break below the moving average 200
SMA support of 910 could see downside bias towards 884 followed by 860. Analysts said

Book Profit (Level 2):

940

offloading of positions by speculators, driven by sufficient stocks position in the spot markets on
increased arrivals from producing belts, mainly pulled down cardamom prices in futures trade.

Stop Loss: Above 1010

Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical commentary).

Hence, we recommend selling only around 980 for the day.

Short term Trend:

Bullish .
Medium Term Trend:
Bullish.
For the Traders: SELL
For Aggressive
Traders: SELL
Support: 940-910
Resistance-995 - 1041
Duration: 4-5 Days
Recommendation:On the basics of Technical
and Fundamental analysis
we are Recommending sell
Cardamom Jan on around
980 for the target of 960
930 with a strict stop loss
of 1010.

CARDAMOM JAN DAILY TECHINICAL CHART

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