12/01/2015

REFSOYOIL FEB DAILY TECHNICAL CHART

Date and Time

12/JAN/2015

STOCK: Ref Soy Oil

Feb

Call: BUY

CMP: 658

Initiation Level:

Around 651

Book Profit (Level 1):

664.

Book Profit (Level 2):

674

Stop Loss Below: 642

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: 640-632-628

Resistance-664- 674-

682

Duration: 4-5 Days

Recommendation:-

On the basics of technical

and Fundamental analysis

we are Recommending to

BUY Ref Soy Oil Feb

around (651) with the

Stop Loss of below 642 for

the Target of 664 and 674.

REF SOY OIL FEB NCDEX

Ref Soy Oil Feb NCDEX: Ref Soy oil traded with high volatility as prices continued to recover

from lower levels 640.10 and made high of 663.95 levels as improved domestic demand kept

trend up and finally closed around 658 levels in past week. Prices are still strongly held the base

support of 640, but major upside views are seen only once it clears the technical resistance of

672 (at closing basis) towards 687/702 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 close bottom horizontal support of 637 that could negate

present uptrend in the near term. Reports on govt sources India hiked import duty on Crude

Edible Oil from 2.5% to 7.5% and on Refined Edible Oil to 15% from 10% to protect local

farmers and India imported 11.62 million tonnes of edible oil during Sep-Oct 2013/14 compared

to 10.68 million tonnes during the same period previous season, stated the Solvent Extractors'

Association (SEA). Hence, we recommend buy on deeps around 651 could see upward bias

towards 664 followed by 674 for the week.

Date and Time

12/Jan/2015

STOCK: Mentha Oil Jan

Call: BUY

CMP: 775

Initiation Level: Around

761

Book Profit (Level 1):

798

Book Profit (Level 2):

830

Stop Loss: Below 730

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: 747-728-705

Resistance-767- 798-

848

Duration: 4-5 Days

Recommendation:-

On the basics of Technical

and Fundamental analysis

we are recommending BUY

Mentha Oil Jan around 761

for the target of 790 – 838

with a strict stop loss of 740.

MENTHA OIL JAN

Mentha Oil Jan: Prices rebounded firmly from the support of 748.10 on dated 06 jan 2015

and made high of 777.50 levels in previous week closed at 775 levels. Mentha Oil traded with

high volatility even as prices continued to find every strong resistance at these higher levels

around 790. There are reports of pickup in demand at these levels but with high stocks, the

uptrend gets limited. The winter season export and domestic demand are expected to pick up

in the coming few weeks. Latest reports from Spice Board indicate that for the period April

December last year, exports for Mint value-added products like Oil, Menthol and its crystals

rose 94% in volumes at 17,850 tonnes and 39% in value at Rs 2202 Cr w.r.t. same period the

previous year. Banning of Gutka in some states continues having negative impact on Mentha

Oil demand. 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 765

in closing basis could turn the outlook into positive territory in the near term. Hence, we

recommend buying on deeps around 761 for the week.

MENTHA OIL JAN DAILY TECHNICAL CHART

CCHATECHNICALCHART

Date and Time

12/Jan/2015

STOCK: Castor Seed Feb

Call: SELL

CMP: 4722

Initiation Level: Below

4620

Book Profit (Level 1):

4400

Book Profit (Level 2):

4010

Stop Loss: Above 4790

Conviction Level:

Moderate Risk.

Reasoning. (Read

Technical commentary).

Short term Trend:

Bullish.

Medium Term Trend:

Bullish.

For the Traders: SELL

For Aggressive Traders:

SELL

Support: 4710-4660-

4530

Resistance: 4840-5010

Duration: 4-5 Days

Recommendation:-

On the basics of Technical

and Fundamental analysis

we are Recommending sell

Castor Seed Feb NCDEX

below 4620 for the target of

4400 – 4060 with a strict

stop loss above 4780.

CASTOR SEED FEB NCDEX

Castor Seed Feb NCDEX: Prices failed to recover firmly from the resistance of 4857 on dated

06 January 2015 and made low of 4710 levels in previous week closed at 4722 levels. Castor

seed February as weak domestic market demand high stocks and bearishness in International

markets kept pressure on the domestic market sentiments and finally closed lower 4736

levels. The higher rates were not sustainable for Castor seed even as traders anticipate

demand to rise in coming weeks that could support the prices at these levels. Lower

production prospects in International markets firmed up prices as any import would get

costlier.

Total production of Castor Seeds in India for the year 2013-14 is 12.03 lakh tones. It has

decreased by 11% as compared to previous year. Estimated Total production of Castor Seeds

in India for the year 2014-15 is 12.30 lakh tones. It has decreased by 2.2% as compared to

previous year. Prices are however at strong psychological resistance level of 4800 for

February contract. Hence, we recommend sell only a voluminous break below 4620 could see

downside bias towards 4400 followed by 4010 for the week.

CASTOR SEED FEB DAILY TECHINICAL CHART

CHANA (Feb) CASOTOR SEED (Feb)

DHANIYA (Apr) JEERA (Feb)

TURMERIC (APR) SYBEAN (Feb)

RM SEED (Apr) SYOIL (Feb)

•BULLISH

•SELL ON RISE

Trend

Strategy

•3740

•3600Resistance

•3460

•3380Support

•BULLISH

•SELL ON RISE

Trend

Strategy

•4880

•4820Resistance

•4667

•4620Support

•BEARISH

•SELL ON RISE

Trend

Strategy

•8480

•8390Resistance

•8000

•7830Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•16300

•15800Resistance

•14830

•14490Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•9780

•9490Resistance

•9180

•8780Support

•CONSOLIDATE

•BUY ON DEEPS

Trend

Strategy

•3700

•3550Resistance

•3440

•3380Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•3800

•3610Resistance

•3470

•3390Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•774

•762Resistance

•742

•730Support

TECHNICAL LEVELS

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Sincere efforts have been made to present the right investment perspective. The information

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