CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

3 RD FEBRUARY 2015

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric April futures traded on a positive note on Monday at India's National Commodity &
Derivatives Exchange(NCDEX). Turmeric spice surged by 0.87% to 8098 level on Monday
(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: 8285,
RESISTANCE 1: 8190,
SUPPORT 1: 7980,
SUPPORT 2: 7870.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean February futures incesed by 1.17% in the last trading to close at 3445
level till Monday closing.
Clear skies and improved domestic demand lent support to the market sentiments after the
recent fall in rates. However bearishness in International markets prevented strong uptrend.
Higher projections for global production could however keep a tap on the rising rates.

SOYABEAN (FEBRUARY) DAILY CHART

SOYABEAN (FEBRUARY) TECHNICAL VIEW:

TREND: BULLISH
RESISTANCE 2:3495,
RESISTANCE 1: 3470,
SUPPORT 1: 3405,
SUPPORT 2: 3360.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a consolidate note on incresed demand on Monday. Chana February
contract gained 0.00% to 3503 levels on Monday (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:MIXED TO BULLISH
RESISTANCE 2: 3550,
RESISTANCE 1: 3525,
SUPPORT 1: 3475,
SUPPORT 2: 3450.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya April futures eased by -2.64% in the last trading to close at 7626 level on
Monday.
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 BEARISH
RESISTANCE 2: 7960,
RESISTANCE 1: 7790,
SUPPORT 1: 7540,
SUPPORT 2: 7445,
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

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PLOT NO. 12, SCHEME NO. 78, PART II
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DAILY AGRI COMMODITY REPORT