CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

4 TH DECEMBER 2014

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
The NCDEX TURMERIC Dec futures declined by -0.03 % in the last trading to close at Rs 6432
level on wednesday. Turmeric prices reported some weakness today due to weak demand by
stockiest and exporters. Traders stated weak production estimates and receding stocks in local
mandies to support prices in the near term. The total turmeric production is estimated at
around 45-47 lakh tonnes in the current year. Tommorow we can see an upward movement in
tumeric technically.

TURMERIC (DECEMBER) DAILY CHART

TURMERIC (DECEMBER) TECHNICAL VIEW:

TREND: MIXED TO BULIISH
SUPPORT 1: 6390,
SUPPORT 2: 6340,
RESISTENCE 1: 6480,
RESISTENCE 2: 6530.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

SOYABEAN
Soyabean December contract fell -0.95 % to 3276 levels on wednesday(5.00pm) at NCDEX.
We hold a bearish view for soybean and expect to trade on a subdued note during the day. The
favorable weather pattern across Argentina is likely toboost the soybean plantingsMoreover,
the outbreakof bird flu in Kerala is controlled according to news reports. The decline in supplies
across the physical markets might limit the loss in the commodity. Overall, we hold a bearish
view and recommend selling both CBOT

SOYABEAN (DECEMBER) DAILY CHART

SOYABEAN (DECEMBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1:3225,
SUPPORT 2: 3200,
RESISTENCE 1: 3260,
RESISTENCE 2: 3285.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

CHANA
Chana Bearish trend is likely to continue in chana market on the account of steady supplies of
other pulses in local mandies accompanied with stockiest selling in local mandeis. The NCDEX
futures to test 3000- 2970 levels today. The fresh arrivals of chana will start from second week
of January from Karnataka. However, traders estimated that total crop size is likely to be
around 25-30 per cent below the last year. This will support the prices in the near term.

CHANA (DECEMBER) DAILY CHART

CHANA (DECEMBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 3010,
SUPPORT 2: 2970,
RESISTENCE 1: 3070,
RESISTENCE 2: 3100,
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

JEERA
Jeera December contract up 1.23 % to 12160 levels on wednesday(5.00pm) at NCDEX. Bullish
trade is likely to continue in jeera contract. As per latest Govt reports, in Gujarat, normal area
for Jeera crop isapproximately 388,000 hectares.Till 17.11.2014, 60,900 ha have
sown as compared to 74100 ha lastyear. The sowing area during thecurrent year likely to go
down inGujarat and Rajasthan growingregions due to lower price ascompared to the Coriander.

JEERA (DECEMBER) DAILY CHART

JEERA (DECEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATION
SUPPORT 1: 12200,
SUPPORT 2: 12000,
RESISTENCE 1: 12500,
RESISTENCE 2: 12650,
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

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DAILY AGRI COMMODITY REPORT