CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

TH
9
FEBRUARY 2015

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 slipped by 0.28% to 7972 level on Friday (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: CONSOLIDATE
RESISTANCE 2: 8210,
RESISTANCE 1: 8090,
SUPPORT 1: 7860,
SUPPORT 2: 7740.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean April futures sluggished by -0.49% in the last trading to close at 3440 level
till Friday closing.
Market managed to recover from early losses on short covering and firm international cues.
Moreover, bullish oil-complex sentiments also supported the trend. Meanwhile, higher
projections for global production could however keep a cap on rising prices.

SOYABEAN (APRIL) DAILY CHART

SOYABEAN (APRIL) TECHNICAL VIEW:

TREND: MIXED TO BEARISH
RESISTANCE 2:3490,
RESISTANCE 1: 3465,
SUPPORT 1: 3420,
SUPPORT 2: 3400.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a negative note on sluggished demand on Friday. Chana April contract
gained -0.37% to 3537 levels on Friday (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 (APRIL) DAILY CHART

CHANA (APRIL) TECHNICAL VIEW:

TREND:CONSOLIDATE
RESISTANCE 2: 3580,
RESISTANCE 1: 3560,
SUPPORT 1: 3520,
SUPPORT 2: 3500.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya April futures surged by 0.82% in the last trading to close at 7583 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: 7730,
RESISTANCE 1: 7660,
SUPPORT 1: 7495,
SUPPORT 2: 7400,
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

DISCLAIMER
The information and views in this report, our website & all the service we provide are believed
to be reliable, but we do Company not accept any responsibility (or liability) for errors of fact or
opinion. Users have the right to choose the product/s that suits them the most.
Use of this report in no way constitutes a client/advisor relationship, all information we
communicate to you (the subscriber) either through our Web site or other forms of
communications, are purely for informational purposes only. We recommend seeking individual
investment advice before making any investment, for you are assuming sole liability for your
investments. Capital Stars will in no way have discretionary authority over your trading or
investment accounts.
All rights reserved.

CONTACT US
MOB: +91 92000 99927
PHONE: +91 731 6662200
Email: info@capitalstars.com

CAPITAL STARS FINANCIAL

RESEARCH PRIVATE LIMITED
PLOT NO. 12, SCHEME NO. 78, PART II
VIJAYNAGAR INDORE 452001 (MP)

DAILY AGRI COMMODITY REPORT