CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 27 TH JANUARY 2015
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric April futures traded on a negative note on Friday at India's National Commodity & Derivatives Exchange(NCDEX). Turmeric spice easied by -4.00% to 8164 level on Friday (5.00pm) at NCDEX. Fall in rates persisted for Turmeric as higher arrivals in the mandis from the on-going harvesting kept pressure on the market sentiments. However with demand likely to rise in coming weeks, it could support the falling rates to some extent.
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW: TREND: BEARISH RESISTANCE 2: 8570, RESISTANCE 1: 8370, SUPPORT 1: 8060, SUPPORT 2: 7960. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
SOYABEAN The NCDEX Soyabean February futures eased by by -0.57% in the last trading to close at 3340 level till Friday closing. Rains in North-West and Central Indian and bearishness in International markets kept trend down for Soybean even as good demand in domestic markets persisted. 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 2:3370, RESISTANCE 1: 3355, SUPPORT 1: 3320, SUPPORT 2: 3305. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana futures traded on a positive note on incresed demand on Friday. Chana January contract gained 0.30% to 3304 levels on Friday (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: 3350, RESISTANCE 1: 3325, SUPPORT 1: 3270, SUPPORT 2: 3235. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
DHANIYA The NCDEX Dhaniya April futures surged up by 3.32% in the last trading to close at 7970 level on Friday. 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 BULLISH RESISTANCE 2: 8285, RESISTANCE 1: 8130, SUPPORT 1: 7860, SUPPORT 2: 7750, STRATEGY: BUY ON DIPS 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