CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

27 TH FEBRUARY 2015

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric April futures traded on a sluggished on Thursday (5.00pm) at India's National
Commodity & Derivatives Exchange(NCDEX). Turmeric spice decresed by -1.60% to 8870 level
at NCDEX.
Turmeric prices ended with gains on seasonal demand from north India and crop damage
reports from south India.

TURMERIC (APRIL) DAILY CHART

TURMERIC (APRIL) TECHNICAL VIEW:

TREND: MIXED TO BEARISH
RESISTANCE 2: 9150,
RESISTANCE 1: 9010,
SUPPORT 1: 8790,
SUPPORT 2: 8710.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

SOYABEAN
The NCDEX Soyabean April futures sluggished by -0.24% in the last trading to close at 3371 level
till Thursday closing.
Moderate weakness persisted for Soybean as apprehensions of Govt reducing import duty on
oilseeds in the Budget kept pressure on the prices.

SOYABEAN (APRIL) DAILY CHART

SOYABEAN (APRIL) TECHNICAL VIEW:

TREND: BEARISH
RESISTANCE 2:3400,
RESISTANCE 1: 3380,
SUPPORT 1: 3360,
SUPPORT 2: 3345.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded on a positive note on incresed demand on Wednesday(5.00PM). Chana
April contract gained 0.49% to 3702 levels.
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: BULLISH
RESISTANCE 2: 3740,
RESISTANCE 1: 3720,
SUPPORT 1: 3675,
SUPPORT 2: 3650.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

DHANIYA
The NCDEX Dhaniya April futures sluggished by -0.70 % in the last trading to close at 6220 level
on Thursday.
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: 6435,
RESISTANCE 1: 6325,
SUPPORT 1: 6140,
SUPPORT 2: 6070,
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

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DAILY AGRI COMMODITY REPORT