CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

TH
5
FEBRUARY 2015

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric April futures traded on a negative note on Wednesday at India's National Commodity
& Derivatives Exchange(NCDEX). Turmeric spice slipped by -1.74% to 8030 level on Wednesday
(5.00pm) at NCDEX.
Poor offtake from upcountry traders are affecting Turmeric prices. Good arrivals were noted in
Nizamabad today as well and the prices tumbled amid thin demand. The traders are expecting
this momentum to continue, keeping prices slightly on a bearish track.

TURMERIC (APRIL) DAILY CHART

TURMERIC (APRIL) TECHNICAL VIEW:

TREND: MIXED TO BEARISH
RESISTANCE 2: 8395,
RESISTANCE 1: 8210,
SUPPORT 1: 7930,
SUPPORT 2: 7825.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean February futures sluggished by -0.35% in the last trading to close at 3450
level till Wednesday closing.
Moderate weakness was noted for Soy Oil on lower demand and profit booking at higher levels.
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: MIXED TO BEARISH
RESISTANCE 2:3535,
RESISTANCE 1: 3490,
SUPPORT 1: 3425,
SUPPORT 2: 3400.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a consolidate note on sluggished demand on Wednesday. Chana
February contract gained -1.23% to 3450 levels on Wednesday (5.00PM).
No 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 BEARISH
RESISTANCE 2: 3510,
RESISTANCE 1: 3480,
SUPPORT 1: 3425,
SUPPORT 2: 3400.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya April futures eased by -1.74% in the last trading to close at 7396 level on
Wednesday.
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: BEARISH
RESISTANCE 2: 7700,
RESISTANCE 1: 7550,
SUPPORT 1: 7310,
SUPPORT 2: 7230,
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

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DAILY AGRI COMMODITY REPORT