CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 9 TH JANUARY 2015
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric April futures traded on a negative note on Thursday at India's National Commodity & Derivatives Exchange(NCDEX). Turmeric spice slipped by -2.64% to 9154 level on Thursday (5.00pm) at NCDEX. Profit booking at the higher levels was noted for Turmeric even as lower stocks and lower production reports are likely to support prices in the medium to long term. Demand from North India is picking up at these levels.
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW: TREND: BEARISH RESISTANCE 2: 9285, RESISTANCE 1: 9100, SUPPORT 1: 8780, SUPPORT 2: 8650. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
SOYABEAN The NCDEX Soyabean January futures decresed by -0.65% in the last trading to close at 3383 level till Thursday closing. Firmness in International markets along with short covering at the lower levels supported the rates for Soybean, which traders anticipate, has fallen to very low levels. The recent rains in MP and Rajasthan had temporarily created a bearish trend.
SOYABEAN (JANUARY) DAILY CHART
SOYABEAN (JANUARY) TECHNICAL VIEW: TREND: MIXED TO BEARISH RESISTANCE 2:3425, RESISTANCE 1: 3390, SUPPORT 1: 3340, SUPPORT 2: 3320. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana futures traded on a positive note on increased demand on Thrusday. Chana January contract gained 0.26% to 3467 levels on Thursday (5.00PM). Markets recovered slightly for Chana as demand rose in the mandis at the lower levels. With skies clearing up in North-West India, trend likely to remain firm for the counter in coming days.
CHANA (JANUARY) DAILY CHART
CHANA (JANUARY) TECHNICAL VIEW: TREND: CONSOLIDATE RESISTANCE 2: 3540, RESISTANCE 1: 3505, SUPPORT 1: 3440, SUPPORT 2: 3410. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
DHANIYA The NCDEX Dhaniya April futures decresed by -1.08 % in the last trading to close at 8315 level on Thursday. Stockiest liquidation continued in dhaniya prices as prices declined by almost Rs 100 per quintal at Kota mandi due to favourable rainfall in major coriander states Madhya Pradesh and Rajasthan. Traders are expecting further selling in the near term.
DHANIYA (APRIL) DAILY CHART
DHANIYA (APRIL) TECHNICAL VIEW: TREND: MIXED TO BEARISH RESISTANCE 2: 8470, RESISTANCE 1: 8350, SUPPORT 1: 8150, SUPPORT 2: 8079, 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