CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 18 TH DECEMBER 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric April futures traded on a positive note on Wednesday at India's National Commodity& Derivatives Exchange(NCDEX). Turmeric spice decresed by 1.24 % to 7882 level till Wednesday closing (5.00pm) at NCDEX. Stockiest are expecting a steady output in near term though some traders are eying fresh demand to emerge in January as new crop arrivals are still four months away. Turmeric April futures rose massively to the contract high of Rs 7840 per quintal on strong demand amid lower arrivals. .
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW: TREND: BULLISH RESISTANCE 2: 8120, RESISTANCE 1: 8050, SUPPORT 1: 7865, SUPPORT 2: 7750. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
SOYABEAN The NCDEX Soyabean January futures decresed by -0.76 percent in the last trading to close at 3317 level till Wednesday closing. Soybean futures may trade on a mixed to negative note. Weak international market sentiments may pressurize the prices. Total U.S. oilseed production for 2014/15 is projected at 117.0 million tons, down slightly due to a small reduction in cottonseed. Soybean exports are increased 40 million bushels to 1,760 million reflecting the record export pace in recent weeks and prospects for additional sales and shipments ahead of the South American harvest. With crush unchanged, soybean ending stocks for 2014/15 are projected at 410 million bushels, down 40 million from last month but still the highest since 2006/07.
SOYABEAN (JANUARY) DAILY CHART
SOYABEAN (JANUARY) TECHNICAL VIEW: TREND: BEARISH RESISTANCE 2:3300, RESISTANCE 1: 3280, SUPPORT 1: 3245 SUPPORT 2: 3225. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana futures traded on a positive note on incresed demand. Chana January contract gained 1.35 % to 3185 levels on Wednesday (5.00PM) at India's National Commodity & Derivatives Exchange Limited (NCDEX). According to latest estimates of coverage under Rabi pulses has reached 107.85 lakh hectares as on December 5, 2014 which is -11.56% lower as compared to previous year. Chana has been sown over 69.43 lakh hectares as on December 05, 2014 which is -17.24% lower than the area sown during the same period previous year.
CHANA (JANUARY) DAILY CHART
CHANA (JANUARY) TECHNICAL VIEW: TREND: BULLISH RESISTANCE 2: 3285, RESISTANCE 1: 3255, SUPPORT 1: 3195, SUPPORT 2: 3160, STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
DHANIYA The NCDEX Dhaniya January futures increased by 0.24 % in the last trading to close at 12964 level on Wednesday. Further dhaniya will be in downtrend , Thrusday we can see an consolidate movement in Dhaniya technically & fundamentally.
DHANIYA (JANUARY) DAILY CHART
DHANIYA (JANUARY) TECHNICAL VIEW: TREND: CONSOLIDATE RESISTANCE 2: 13245, RESISTANCE 1: 13120, SUPPORT 1: 12840, SUPPORT 2: 12685, 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