CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

9 TH JANUARY 2015

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric April futures traded on a negative note on Thursday at India's National Commodity &
Derivatives Exchange(NCDEX). Turmeric spice slipped by -2.64% to 9154 level on Thursday
(5.00pm) at NCDEX.
Profit booking at the higher levels was noted for Turmeric even as lower stocks and lower
production reports are likely to support prices in the medium to long term. Demand from North
India is picking up at these levels.

TURMERIC (APRIL) DAILY CHART

TURMERIC (APRIL) TECHNICAL VIEW:

TREND: BEARISH
RESISTANCE 2: 9285,
RESISTANCE 1: 9100,
SUPPORT 1: 8780,
SUPPORT 2: 8650.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean January futures decresed by -0.65% in the last trading to close at 3383
level till Thursday closing.
Firmness in International markets along with short covering at the lower levels supported the
rates for Soybean, which traders anticipate, has fallen to very low levels. The recent rains in MP
and Rajasthan had temporarily created a bearish trend.

SOYABEAN (JANUARY) DAILY CHART

SOYABEAN (JANUARY) TECHNICAL VIEW:

TREND: MIXED TO BEARISH
RESISTANCE 2:3425,
RESISTANCE 1: 3390,
SUPPORT 1: 3340,
SUPPORT 2: 3320.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a positive note on increased demand on Thrusday. Chana January
contract gained 0.26% to 3467 levels on Thursday (5.00PM).
Markets recovered slightly for Chana as demand rose in the mandis at the lower levels. With
skies clearing up in North-West India, trend likely to remain firm for the counter in coming days.

CHANA (JANUARY) DAILY CHART

CHANA (JANUARY) TECHNICAL VIEW:

TREND: CONSOLIDATE
RESISTANCE 2: 3540,
RESISTANCE 1: 3505,
SUPPORT 1: 3440,
SUPPORT 2: 3410.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya April futures decresed by -1.08 % in the last trading to close at 8315 level
on Thursday.
Stockiest liquidation continued in dhaniya prices as prices declined by almost Rs 100 per quintal
at Kota mandi due to favourable rainfall in major coriander states Madhya Pradesh and
Rajasthan. Traders are expecting further selling in the near term.

DHANIYA (APRIL) DAILY CHART

DHANIYA (APRIL) TECHNICAL VIEW:

TREND: MIXED TO BEARISH
RESISTANCE 2: 8470,
RESISTANCE 1: 8350,
SUPPORT 1: 8150,
SUPPORT 2: 8079,
STRATEGY: SELL ON RISE
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