02/02/2015

SOYBEAN APR DAILY TECHNICAL CHART

Date and Time

02/FEB/2015

STOCK: Soybean Apr

Call: SELL

CMP: 3435

Initiation Level:

Around 3430

Book Profit (Level

1): 3360

Book Profit (Level

2): 3240

Stop Loss: Above

3500

Conviction Level:

Moderate Risk.

Reasoning. (Read

Technical

commentary).

Short term Trend:

Bearish.

Medium Term

Trend: Bullish.

For the Traders:

SELL

For Aggressive

Traders: SELL

Support: 3280-3226-

3160

Resistance-3400-

3460-3530

Duration: 4-5 Days

Recommendation:-

On the basics of technical

and Fundamental

analysis we are

Recommending to sell on

rise Soybean Apr around

3400 with the Stop Loss

of 3500 for the target of

3260 and 3160.

SOYBEAN APR NCDEX

Soybean Apr NCDEX: Soybean prices slumped in previous couple of session from the high of

3500 dated 21 January 2015 and made low of 3314 level dated 27 January 2015 and finally

closed higher at 3435 level in previous week, besides, the decrease in OI may keep profit

booking for the next couple of days, as prices cleared the down trend line support of 3300 for the

strong downside rallies to 3230 followed by 3151 or even lower to 3080 levels in the near term.

Prices are still strongly held the base support of 3300, but major upside views are seen only once

it clears the technical resistance of 3450 towards 3520/3680 levels. Subdued demand in

International markets along with profit booking at the higher levels resisted the rates for

Soybean, which traders anticipate, has fallen to very low levels. Moderate fall was noted for

Soybean as overall weakness in International markets kept sentiments down. Good demand

however persisted in domestic market as traders anticipate demand to rise even further in

coming weeks. Previous couple of days slumped in International markets and also domestic

market ensured prices remained down for Soybean. Traders anticipate that with prices having

fallen a lot over last few weeks, further fall in rates may be limited provided some support is

here on the International and domestic front.

Hence, we recommend sell on rise around 3430 could see downside bias towards 3360 followed

by 3250 for the coming weeks.

Date and Time

27/Jan/2015

STOCK: Guar seed

Mar

Call: BUY

CMP: 4114

Initiation Level:

AROUND 4000

Book Profit (Level 1):

4160

Book Profit (Level 2):

4300

Stop Loss Below: 3900

Conviction Level:

Moderate Risk.

Reasoning. (Read

Technical commentary).

Short term Trend:

Bearish.

Medium Term Trend:

Bearish.

For the Traders: BUY

For Aggressive

Traders: BUY

Support: 4240-4180-

4070

Resistance-4410-

4530-4680

Duration: 4-5 Days

Recommendation:-

On the basics of Technical

and fundamental analysis

we are Recommending Buy

Guar seed Mar around

3980 for the target of 4230

–4360 with a strict stop

loss of 3880.

GUARSEED MAR NCDEX

Guar seed Mar NCDEX: Prices failed to recover from 4455 levels dated 22 January 2015 in

March contract made a low of 4030 levels dated 28 January 2015 as weak domestic and

International markets demand high stocks and bearishness in mandi kept pressure on the

domestic market sentiments and finally closed at lower 4114 levels in previous week. As prices

clear the upper trend line resistance of 4450 levels for the strong upside rallies to 4610

followed by 4725 or even higher to 4880 levels in the near term. Further, as per trader

estimates however, production this year is expected 43% lower at 12.5 MMT due to erratic

rains. Total arrival is around 1.25 lakh bags, 0.4-0.5 lakh bags down from previous year. This

could support prices in medium term when exports pick up. A significant fall in Crude Oil prices

kept trend weak for Guar Seed even as other Agri commodities shot up. Even as there are

reports of prices being at very low levels, any strong recovery in Crude Oil can ensure Exports

picking up. But a recovery in Crude prices is needed for Guar to bounce back strongly. On the

other side, if prices breach psychological support of 4000 could turn the outlook into negative

territory in the near term. We recommend buy on deeps around 4000 could see upward bias

towards 4180 followed by 4400 for the week.

GUARSEED MAR DAILY TECHNICAL CHART

Date and Time

27/Jan/2015

STOCK: Cardamom Feb

Call: SELL

CMP: 1089.30

Initiation Level: Around

1060

Book Profit (Level 1):

1010

Book Profit (Level 2):

935

Stop Loss: Above 1110

Conviction Level:

Moderate Risk.

Reasoning. (Read

Technical commentary).

Short term Trend:

Bearish.

Medium Term Trend:

Bullish.

For the Traders: SELL

For Aggressive Traders:

SELL

Support: 1050-990-930

Resistance-1100 - 1130

Duration: 4-5 Days

Recommendation:-

On the basics of Technical

and Fundamental analysis

we are Recommending sell

on rise Cardamom Feb

around 1100 for the target

of 1030 – 990 with a strict

stop loss of above 1150.

CARDAMOM FEB

Cardamom Feb: Prices rebounded firmly from the support of 979.50 levels on dated 23 January

2015, made high of 1091.50 levels in dated 30 January 2015 and finally closed at higher 1089.30

levels as improve domestic market demand keep trend up on limited period. Cardamom futures

will slump on long liquidation trigged by strong availability. Cardamom futures are expected to

remain weak on strong arrivals and any upside is not sustainable considering the present

scenario. Cardamom as weak domestic market demand, high stocks and bearishness in

International markets kept pressure on the domestic market sentiments. According to sources,

the fourth round of plucking has been completed and the fifth round has commenced. Prices are

however at strong psychological Resistance level of 1100 for February contract. For the week,

any break below of 1040 could see downward bias towards 990 followed by 950. Analysts said

offloading of positions by speculators, driven by sufficient stocks position in the spot markets on

increased arrivals from producing belts, mainly pulled down cardamom prices in futures trade.

Hence, we recommend sell on rise around 1060 could see downside bias towards 1015 followed

by 935 for the week.

CARDAMOM FEB DAILY TECHINICAL CHART

CHANA (Apr) CASOTOR SEED (Mar)

DHANIYA (Apr) JEERA (Mar)

TURMERIC (Apr) SYBEAN (Apr)

RM SEED (Apr) SYOIL (Apr)

•CONSOLIDATE

•SELL ON RISE

Trend

Strategy

•3590

•3510Resistance

•3350

•3280Support

•BEARISH

•SELL ON RISE

Trend

Strategy

•4410

•4230Resistance

•4080

•3930Support

•BEARISH

•SELL ON RISE

Trend

Strategy

•8180

•7900Resistance

•7680

•7480Support

•CONSOLIDATE

•BUY ON DEEPS

Trend

Strategy

•15600

•14800Resistance

•14100

•13800Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•8480

•8350Resistance

•7950

•7700Support

•CONSOLIDATE

•BUY ON DEEPS

Trend

Strategy

•3480

•3400Resistance

•3330

•3250Support

•BEARISH

•BUY ON DEEPS

Trend

Strategy

•3520

•3360Resistance

•3260

•3200Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•635

•618Resistance

•603

•596Support

TECHNICAL LEVELS

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