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 day’s 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 year’s 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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CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP)
DAILY AGRI COMMODITY REPORT