Weekly agri commodity report.docx
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Transcript of Weekly agri commodity report.docx
TMC APR DAILY TECHNICAL CHART
Date and Time
15/DEC/2014
STOCK: TURMERIC
APR
Call: BUY
CMP: 7698
Initiation Level:
7550-7560
Book Profit (Level
1): 7700
Book Profit (Level
2): 7900
Stop Loss: 7350
Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical
commentary).
Short term Trend:
Bullish .
Medium Term
Trend: Bullish.
For the Traders: BUY
For Aggressive
Traders: BUY
Support: 7490-7320-
7200
Resistance-7790-
7900-8080
Duration:4-5 Days
Recommendation:-
On the basics of technical
analysis we are
Recommending to buy
Tmc Apr above (7550-
7560) with the Stop Loss
of 7350 for the Targets of
7700 and 7900.
TURMERIC APR NCDEX
Turmeric Apr NCDEX: Prices skyrocketed in past few session. Prices traded choppy and later
closed lower at 7698 levels. Lower production possibilities could support the market sentiments
further as traders also anticipate pick up in exports this month. Lower rains in AP and TN have
already adversely affected sowing for the new crop there. Prices are still strongly held the base
support of 7450, but major upside views are seen only once it clears the technical resistance of
7850 towards 7950/8200 levels. Moreover, an increase in volume along with OI would support
the upward bias. However, unable to do so could see a range bound market and major weakness
is seen only if prices rupture bottom horizontal support of 7350 that could negate present
uptrend in the near term. Hence, we recommend only buy on deeps around 7550 levels.
Date and Time
15/Dec/2014
STOCK: JEERA Jan
Call: BUY
CMP: 13260
Initiation Level:
ABOVE 13300
Book Profit (Level
1): 13400
Book Profit (Level
2): 13680
Stop Loss: 13300
Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical
commentary).
Short term Trend:
Bullish .
Medium Term
Trend: Bullish.
For the Traders: BUY
For Aggressive
Traders: BUY
Support: 12950-
12650-12450
Resistance-13300-
13480-13680
Duration:4-5 Days
Recommendation:-
On the basics of
Technical analysis we are
Recommending BUY
Jeera Apr above for
targets of 13290 – 13300
with a strict a stop loss of
12980.
JEERA Jan NCDEX
Jeera Jan NCDEX: Prices fired previous session from the low of 12760 and later high 13270
4% upper circuits and later closed at 13260. The winter season export and domestic demand
are expected to pick up in the coming few weeks till before Christmas. Lower production
prospects in International markets firmed up prices as any import would get costlier. Traders
anticipate present rates to be on the lower side and anticipate further recovery in coming days
as demand firms up. For the day, any break below the support of 12900 could see downside
bias towards 12730 followed by 12590 levels. However, the volume is seen steadying these
days along with a decline in OI suggests a sideways directive moves. On the other side, if prices
breach the resistance of 13300 could turn the outlook into positive territory in the near term.
Hence, we recommend buying only a voluminous break above 13300 for the day.
JEERA JAN DAILY TECHNICAL CHART
CCHATECHNICALCHART
Date and Time
15/Dec/2014
STOCK: CHANA JAN
NCDEX
Call: SELL
CMP: 3090
Initiation Level:
BELOW 3020
Book Profit (Level
1): 3000
Book Profit (Level
2): 2960
Stop Loss: 3070
Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical
commentary).
Short term Trend:
Bearish .
Medium Term
Trend: Bearish.
For the Traders:
SELL
For Aggressive
Traders: SELL
Support: 3050-3020-
2960
Resistance-3080 -
3141
Duration: 4-5 Days
Recommendation:-
On the basics of
Technical analysis we are
Recommending sell
Chana Jan NCDEX on
below 3020 for targets of
3000 – 2960 with a strict
a stop loss of above 3060
.
CHANA JAN NCDEX
Chana jan NCDEX: Prices traded choppy and later closed lower at 3090 levels. Lower
production possibilities could support the market sentiments further a recovery in sowing in
Rajasthan over last few weeks had kept prices down. High Pulses stocks and bearishness in
International markets kept pressure on the domestic market sentiments. A recovery in sowing
in Rajasthan over last few days added further to the selling pressure. Prices are however at
strong psychological Support level of 3000 for January contract. In Indian markets, reports of
lower sowing due to prevailing low rates, good demand from millers and Govt agencies and a
rise in MSP from Rs 3100/Q to Rs 3175/Q had supported prices. Chana prices, rebounded firmly
from the resistance of 3153 and later closed at 3041. For the day, any break below the moving
average 200 SMA support of 3020 could see downward bias towards 3000 followed by 2960.
Hence, we recommend selling only a voluminous break below 3020 for the day.
CHANA JAN DAILY TECHINICAL CHART
CHANA(JAN) CASOTOR SEED (JAN)
DHANIYA (JAN) JEERA (JAN)
TURMERIC (APR) SYBEAN (JAN)
RM SEED (JAN) SYOIL (JAN)
•SIDEWAYS
•SELL ON RISE
Trend
Strategy
•3210
•3150Resistance
•3070
•3020Support
•UPWARD
•BUY ON DEEPS
Trend
Strategy
•4880
•4810Resistance
•4650
•4580Support
•DOWNWARD
•SELL ON RISE
Trend
Strategy
•13600
•13300Resistance
•12800
•12580Support
•UPWARD
•BUY ON DEEPS
Trend
Strategy
•13300
•13580Resistance
•12730
•12330Support
•SIDEWAYS
•SELL ON RISE
Trend
Strategy
•8080
•7880Resistance
•7700
•7500Support
•CONSOLIDATE
•BUY ON DEEPS
Trend
Strategy
•3450
•3360Resistance
•3260
•3150Support
•CONSOLIDATE
•BUY ON DEEPS
Trend
Strategy
•4160
•4080Resistance
•3960
•3880Support
•CONSOLIDATE
•BUY ON DEEPS
Trend
Strategy
•607
•598Resistance
•583
•574Support
TECHNICAL LEVELS
DISCLAIMER
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be reliable, but we do 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. Sincere efforts have been
made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment
advice for a specific individual. The information and views in this website & all the services we provide are believed to be
reliable, but we do 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.
*Investment is subject to market risks.
Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and on sources that we consider reliable. We, however, do
not vouch for the accuracy or the completeness thereof. This material is for personal information
and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for
any financial profits or loss which may arise from the recommendations above.