CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 30 TH DECEMBER 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC The NCDEX TURMERIC April futures decreased by -1.70 % in the last trading session to close at 8932 level on Monday. A fall in sowing area in Tamil Nadu and Karnataka due to the cyclone in October amidst delayed Monsoon could affect the production adversely—as per market sources. Even as area in Andhra Pradesh goes up, overall production is expected to come down—lending medium term support to the prices.
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW: TREND: MIXED TO BULLISH RESISTANCE 2: 9220, RESISTANCE 1: 9000, SUPPORT 1: 8630, SUPPORT 2: 8500. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
SOYABEAN The NCDEX Soyabean January futures surged by 1.00 percent in the last trading to close at 3476 level till Monday closing. Hike in import duty on Edible Oil had a Bullish impact on the Oil complex sector even as International markets remained closed. Indian markets remained firm however as good demand continued.
SOYABEAN (JANUARY) DAILY CHART
SOYABEAN (JANUARY) TECHNICAL VIEW: TREND: MIXED TO BULLISH RESISTANCE 2:3500, RESISTANCE 1: 3465, SUPPORT 1: 3420 SUPPORT 2: 3400. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
CHANA Chana futures traded on a positive note on increased demand on Monday. Chana January contract gained 3.39% to 3478 levels on Monday (5.00PM). Trend remained strong for Chana as Festive season demand rose in the mandis. Reports of lower sowing further supported the prices. 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: 3570, RESISTANCE 1: 3525, SUPPORT 1: 3410, SUPPORT 2: 3345. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
DHANIYA The NCDEX Dhaniya January futures incresed by 0.29 % in the last trading to close at 12272 level on Monday. Further dhaniya will be in mixed to bullish trend , Tuesday we may see a mixed to bullish movement in Dhaniya technically .
DHANIYA (JANUARY) DAILY CHART
DHANIYA (JANUARY) TECHNICAL VIEW: TREND:MIXED TO BULLISH RESISTANCE 2: 12800, RESISTANCE 1: 12550, SUPPORT 1: 12000 SUPPORT 2: 11700, STRATEGY: BUY 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