CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

RD
23
FEBRUARY 2015

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric April futures traded on a surged on Friday (5.00pm) at India's National Commodity &
Derivatives Exchange(NCDEX). Turmeric spice incresed by 2.25% to 9080 level at NCDEX.
Telangana State Agricultural University projected higher prices for turmeric at the time of
harvesting this year.Telangana and Andhra Pradesh produce the crop that gives farmers very
high returns. There has been an increase in cultivation of turmeric in both the States.

TURMERIC (APRIL) DAILY CHART

TURMERIC (APRIL) TECHNICAL VIEW:

TREND: BULLISH
RESISTANCE 2: 9430,
RESISTANCE 1: 9255,
SUPPORT 1: 8845,
SUPPORT 2: 8610.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean April futures sluggished by -0.09% in the last trading to close at 3392 level
till Friday closing.
Moderate recovery in the International markets could pull the falling Indian rates also. Traders
expect prices have fallen a lot and some short term recovery not ruled out this week.

SOYABEAN (APRIL) DAILY CHART

SOYABEAN (APRIL) TECHNICAL VIEW:

TREND: MIXED TO BEARISH
RESISTANCE 2:3440,
RESISTANCE 1: 3415,
SUPPORT 1: 3375,
SUPPORT 2: 3360.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a negative note on decresed demand on Thursday(5.00PM). Chana
April contract lossed -0.79% to 3665 levels.
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: MIXED TO BEARISH
RESISTANCE 2: 3710,
RESISTANCE 1: 3685,
SUPPORT 1: 3645,
SUPPORT 2: 3625.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya April futures slipped by -2.60% in the last trading to close at 6433 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: BEARISH
RESISTANCE 2: 6815,
RESISTANCE 1: 6625,
SUPPORT 1: 6515,
SUPPORT 2: 6200,
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

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DAILY AGRI COMMODITY REPORT