Daily agri report 12 dec 2014

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT 12 TH DECEMBER 2014

DAILY AGRI COMMODITY REPORT

AGRI WRAP TURMERIC Turmeric April futures traded on a negative note on Thrusday at India's National Commodity& Derivatives Exchange(NCDEX).Turmeric spice decreseded by -0.78 % to 7718 level till Thrusday closing (5.00pm) at NCDEX. Pick up in demand on the domestic and export front amidst falling stocks kept trend firm for Turmeric as some more upside movement for the prices got noted. Lower production possibilities could support the market sentiments further as traders also anticipate pick up in exports this month.

TURMERIC (APRIL) DAILY CHART

TURMERIC (APRIL) TECHNICAL VIEW: TREND: MIXED TO BULLISH RESISTANCE 2: 7990, RESISTANCE 1: 7850, SUPPORT 1: 7560, SUPPORT 2: 7415.

STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT

SOYABEAN The NCDEX Soyabean January futures Surged by 0.28 per cent in the last trading to close at 3330 level till Thrusday closing.

Traders anticipate that with prices nhaving fallen a lot over last few weeks, further fall in rates may be limited—provided some support is there on the International front.

SOYABEAN (JANUARY) DAILY CHART

SOYABEAN (JANUARY) TECHNICAL VIEW: TREND: CONSOLIDATE RESISTANCE 2:3355, RESISTANCE 1: 3330, SUPPORT 1: 3280, SUPPORT 2: 3250.

STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT

CHANA Chana futures traded on a Positive note on decreased demand. Chana December contract gained 0.93 % to 3008 levels on Thrusday (5.00PM) at India's National Commodity & Derivatives Exchange Limited (NCDEX).

Rates fell further for Chana as markets continued to trade with high volatility as domestic demand got adversely affected at the higher levels. Lower production prospects in International markets firmed up prices as any import would get costlier. Traders anticipate present rates to be on the lower side and anticipate further recovery in coming days as demand firms up. A recovery in sowing in Rajasthan over last few weeks had kept prices down.year. pressure.

CHANA (DECEMBER) DAILY CHART

CHANA (DECEMBER) TECHNICAL VIEW: TREND: MIXED TO BEARISH RESISTANCE 2: 3090, RESISTANCE 1: 3050, SUPPORT 1: 2980, SUPPORT 2: 2960, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT

DHANIYA The NCDEX Dhaniya January futures incresed by 0.28 per cent in the last trading to close at 13063 level on Thrusday. Further dhaniya will be in downtrend , Tommorow we can see an downward movement in Dhaniya technically & fundamentally.

DHANIYA (JANUARY) DAILY CHART

DHANIYA (JANUARY) TECHNICAL VIEW: TREND: CONSOLIDATE RESISTANCE 2: 13300, RESISTANCE 1: 13180, SUPPORT 1: 12950, SUPPORT 2: 12750, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT

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CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP)

DAILY AGRI COMMODITY REPORT