Daily agri report by capital stars 24 feb 2015

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT TH 24 FEBRUARY 2015

DAILY AGRI COMMODITY REPORT

AGRI WRAP TURMERIC Turmeric April futures traded on a surged on Monday (5.00pm) at India's National Commodity & Derivatives Exchange(NCDEX). Turmeric spice incresed by -2.90% to 8824 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: 9270, RESISTANCE 1: 9050, SUPPORT 1: 8700, SUPPORT 2: 8580.

STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT

SOYABEAN The NCDEX Soyabean April futures sluggished by -0.15% in the last trading to close at 3385 level till Monday closing.

Soyabean settled flat on profit booking after gaining as USDA trimmed US soybean production forecast, 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 2:3405, RESISTANCE 1: 3395, SUPPORT 1: 3370, SUPPORT 2: 3350.

STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT

CHANA Chana futures traded on a negative April contract lossed -1.31% to 3624 recovery could be noted for Chana market sentiments. Rains in growing for the standing crop.

note on decresed demand on Monday(5.00PM). Chana levels. as rains in the growing states continued to pressurize areas in Rajasthan, MP and UP are reportedly beneficial

CHANA (APRIL) DAILY CHART

CHANA (APRIL) TECHNICAL VIEW: TREND: MIXED TO BEARISH RESISTANCE 2: 3690, RESISTANCE 1: 3660, SUPPORT 1: 3600, SUPPORT 2: 3580.

STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT

DHANIYA The NCDEX Dhaniya April futures shooted up by 1.40 % in the last trading to close at 6514 level on Monday.

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 BEARISH RESISTANCE 2: 6770, RESISTANCE 1: 6640, SUPPORT 1: 6335, SUPPORT 2: 6170, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT

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

DAILY AGRI COMMODITY REPORT