Weekly agri commodity report.docx

6
15/12/2014

Transcript of Weekly agri commodity report.docx

15/12/2014

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

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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

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