CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT RD 23 FEBRUARY 2015
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric April futures traded on a surged on Friday (5.00pm) at India's National Commodity & Derivatives Exchange(NCDEX). Turmeric spice incresed by 2.25% to 9080 level at NCDEX. Telangana State Agricultural University projected higher prices for turmeric at the time of harvesting this year.Telangana and Andhra Pradesh produce the crop that gives farmers very high returns. There has been an increase in cultivation of turmeric in both the States.
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW: TREND: BULLISH RESISTANCE 2: 9430, RESISTANCE 1: 9255, SUPPORT 1: 8845, SUPPORT 2: 8610. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
SOYABEAN The NCDEX Soyabean April futures sluggished by -0.09% in the last trading to close at 3392 level till Friday closing. Moderate recovery in the International markets could pull the falling Indian rates also. Traders expect prices have fallen a lot and some short term recovery not ruled out this week.
SOYABEAN (APRIL) DAILY CHART
SOYABEAN (APRIL) TECHNICAL VIEW: TREND: MIXED TO BEARISH RESISTANCE 2:3440, RESISTANCE 1: 3415, SUPPORT 1: 3375, SUPPORT 2: 3360. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana futures traded on a negative note on decresed demand on Thursday(5.00PM). Chana April contract lossed -0.79% to 3665 levels. No 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 (APRIL) DAILY CHART
CHANA (APRIL) TECHNICAL VIEW: TREND: MIXED TO BEARISH RESISTANCE 2: 3710, RESISTANCE 1: 3685, SUPPORT 1: 3645, SUPPORT 2: 3625. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
DHANIYA The NCDEX Dhaniya April futures slipped by -2.60% in the last trading to close at 6433 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: BEARISH RESISTANCE 2: 6815, RESISTANCE 1: 6625, SUPPORT 1: 6515, SUPPORT 2: 6200, 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