1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
15TH DECEMBER 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric April futures traded on a positive note on Friday at India's National Commodity& Derivatives Exchange(NCDEX). Turmeric spice increased by 0.81 % to 7648 level till Friday closing (5.00pm) at NCDEX. Stockiest are expecting a steady output in near term though some traders are eying fresh demand to emerge in January as new crop arrivals are still four months away. Turmeric April futures rose massively to the contract high of Rs 7840 per quintal on strong demand amid lower arrivals. . TURMERIC (APRIL) DAILY CHART TURMERIC (APRIL) TECHNICAL VIEW:
TREND: CONSOLIDATE RESISTANCE 2: 7855,
RESISTANCE 1: 7780, SUPPORT 1: 7635,
SUPPORT 2: 7560. STRATEGY: BUY ON DIPS
3. DAILY AGRI COMMODITY REPORT
SOYABEAN The NCDEX Soyabean January futures Surged by 0.27 percent in the last trading to close at 3311 level till Friday closing. Soybean prices may trade on a bullish note in the intraday session. Meanwhile in the CBOT platform soybean gained marginally by 0.82% week-on-week. The overall fundamentals remain bullish for the commodity to trade on a strong note today. The soybean plantings progress across the South American nations is going on a good pace with favorable weather supporting the crop. front. SOYABEAN (JANUARY) DAILY CHART SOYABEAN (JANUARY) TECHNICAL VIEW:
TREND: CONSOLIDATE RESISTANCE 2:3370,
RESISTANCE 1: 3345, SUPPORT 1: 3285,
SUPPORT 2: 3255. STRATEGY: SELL ON RISE
4. DAILY AGRI COMMODITY REPORT
CHANA Chana futures traded on a negative note on decreased demand. Chana December contract gained -0.89% to 3019 levels on Friday (5.00PM) at India's National Commodity & Derivatives Exchange Limited (NCDEX). Good demand is seen in Chana even as production outlook turns brighter. Some Chana producing areas in North region are likely to see mdest rainfall in coming days. Chana prices stayed steady in Delhi after approaching Rs 3,000 per quintal mark as concerns about the sowing scenario are triggering good buying. Delhi Chana arrivals fell to 25 trucks today after coming in at 40 trucks in last session. CHANA (DECEMBER) DAILY CHART CHANA (DECEMBER) TECHNICAL VIEW:
TREND: MIXED TO BEARISH RESISTANCE 2: 3070,
RESISTANCE 1: 3030, SUPPORT 1: 2970,
SUPPORT 2: 2950, STRATEGY: SELL ON RISE
5. DAILY AGRI COMMODITY REPORT
DHANIYA The NCDEX Dhaniya January futures decresed by -1.23% in the last trading to close at 13121 level on Friday. Further dhaniya will be in downtrend , Monday we can see an downward movement in Dhaniya technically & fundamentally. DHANIYA (JANUARY) DAILY CHART DHANIYA (JANUARY) TECHNICAL VIEW:
TREND: BEARISH RESISTANCE 2: 13205,
RESISTANCE 1: 13080, SUPPORT 1: 12880,
SUPPORT 2: 12800, STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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