CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 29 TH JANUARY 2015
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 easied by 1.21% to 8180 level on Wednesday (5.00pm) at NCDEX. Lack of strong demand amidst higher arrivals in the mandis kept trend weak for Turmeric. However with demand likely to rise in coming weeks at these lower levels, it could support the falling rates to some extent.
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW: TREND: MIXED TO BULLISH RESISTANCE 2: 8430, RESISTANCE 1: 8300, SUPPORT 1: 8040, SUPPORT 2: 7900. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
SOYABEAN The NCDEX Soyabean February futures eased by -0.51% in the last trading to close at 3339 level till Wednesday closing. Pick up in demand amidst expected clear skies could support the market sentiments for Soybean this week after the recent fall in rates. However bearishness in International markets prevented strong uptrend 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 2:3405, RESISTANCE 1: 3372, SUPPORT 1: 3314, SUPPORT 2: 3290. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana futures traded on a positive note on incresed demand on Monday. Chana January contract gained 1.60% to 3360 levels on Wednesday (5.00PM). recovery could be noted for Chana as rains in the growing states continued to pressurize market sentiments. Rains in growing areas in Rajasthan, MP and UP are reportedly beneficial for the standing crop.
CHANA (FEBRUARY) DAILY CHART
CHANA (FEBRUARY) TECHNICAL VIEW: TREND: MIXED TO BULLISH RESISTANCE 2: 3412, RESISTANCE 1: 3385, SUPPORT 1: 3310, SUPPORT 2: 3260. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
DHANIYA The NCDEX Dhaniya April futures eased by -0.17% in the last trading to close at 7725 level on Wednesday. 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 BEARISH RESISTANCE 2: 8000, RESISTANCE 1: 7860, SUPPORT 1: 7565 SUPPORT 2: 7400, 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