This daily agri commodity report provides analysis and price forecasts for turmeric, soybean, chana, and dhaniya futures contracts trading on the NCDEX. Turmeric prices decreased due to expected production declines from delayed monsoons and reduced sowing areas. Soybean prices increased after an import duty hike on edible oils. Chana prices gained on higher festive season demand and reports of lower sowing. Dhaniya futures were mixed to bullish and expected to see a mixed to bullish movement the following day. Technical indicators like support and resistance levels are given for each commodity.

1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
30TH
DECEMBER 2014

2. 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

3. 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

4. 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

5. 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

6. DAILY AGRI COMMODITY REPORT
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