CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

2 ND FEBRUARY 2015

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric April futures traded on a negative note on Friday at India's National Commodity &
Derivatives Exchange(NCDEX). Turmeric spice easied by -3.58% to 7978 level on Friday (5.00pm)
at NCDEX.
Lack of strong demand amidst higher arrivals in the mandis kept trend weak for Turmeric.
However with demand likely to rise in coming weeks at these lower levels, it could support the
falling rates to some extent.

TURMERIC (APRIL) DAILY CHART

TURMERIC (APRIL) TECHNICAL VIEW:

TREND: MIXED TO BEARISH
RESISTANCE 2: 8415,
RESISTANCE 1: 8200,
SUPPORT 1: 7860,
SUPPORT 2: 7750.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean February futures consolidate by 2.13% in the last trading to close at 3404
level till Friday closing.
Pick up in demand amidst expected clear skies could support the market sentiments for
Soybean this week after the recent fall in rates. However bearishness in International markets
prevented strong uptrend even as good demand in domestic markets persisted. Higher
projections for global production could however keep a tap on the rising rates.

SOYABEAN (FEBRUARY) DAILY CHART

SOYABEAN (FEBRUARY) TECHNICAL VIEW:

TREND: MIXED TO BULLISH
RESISTANCE 2:3460,
RESISTANCE 1: 3430,
SUPPORT 1: 3355,
SUPPORT 2: 3300.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a positive note on incresed demand on Friday. Chana January contract
gained 2.37% to 3497 levels on Friday (5.00PM).
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 (FEBRUARY) DAILY CHART

CHANA (FEBRUARY) TECHNICAL VIEW:

TREND: BULLISH
RESISTANCE 2: 3580,
RESISTANCE 1: 3540,
SUPPORT 1: 3435,
SUPPORT 2: 3370.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya April futures surged by 0.49% in the last trading to close at 7845 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: MIXED TO BULLISH
RESISTANCE 2: 7955,
RESISTANCE 1: 7900,
SUPPORT 1: 7745,
SUPPORT 2: 7645,
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

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DAILY AGRI COMMODITY REPORT