22/12/2014

SYBEAN JAN DAILY TECHNICAL CHART

Date and Time

22/DEC/2014

STOCK: Sybean Jan

Call: BUY

CMP: 3290

Initiation Level:

Above 3440-3450

Book Profit (Level

1): 3590

Book Profit (Level

2): 3780

Stop Loss: 3290

Conviction Level:

Moderate Risk.

Reasoning. (Read

Technical

commentary).

Short term Trend:

Bullish.

Medium Term

Trend: Bearish.

For the Traders: BUY

For Aggressive

Traders: BUY

Support: 3240-3150-

3030

Resistance-3450-

3700-3900

Duration:4-5 Days

Recommendation:-

On the basics of technical

and Fundamental

analysis we are

Recommending to buy

Sybean Jan above (3440-

3450) with the Stop Loss

of 3290 for the Targets of

3580 and 3780.

SYBEAN JAN NCDEX

Soybean Jan NCDEX: Prices traded choppy and finally closed at down 3290 levels. Prices are

still strongly held the base support of 3240, but major upside views are seen only once it clears

the technical resistance of 3450 towards 3590/3780 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 3240

that could negate present uptrend in the near term. Hence, we recommend only buying above

3350 levels. Firmness in International markets amidst rising Festive season demand in the

domestic market ensured prices remained firm 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 buy above 3450

for the week.

Date and Time

22/Dec/2014

STOCK: Guarseed Jan

Call: BUY

CMP: 4380

Initiation Level:

AROUND 4250

Book Profit (Level 1):

4780

Book Profit (Level 2):

5060

Stop Loss Above: 4040

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: 4230-4130-

4000

Resistance-4550-

5060-5280

Duration:4-5 Days

Recommendation:-

On the basics of Technical

and fundamental analysis

we are Recommending Buy

Guarseed Jan around 4250

for targets of 4780 – 5060

with a strict a stop loss of

4040.

GUARSEED JAN NCDEX

Guarseed Jan NCDEX: Prices traded with high volatility as prices continued to trade in range

bound from 4250 to 4550 in past few sessions, levels could improved domestic demand kept

trend sideways and finally closed around 4380 levels, prices. For the day, any break above the

resistance of 4550 could see upside bias towards 4730 followed by 5060 levels. However, the

volume is seen increase these days along with an increase in OI suggests an upside directive

moves. On the other side, if prices breach the support of 4200 could turn the outlook into

negative territory in the near term. Hence, we recommend buy on deeps around 4450 for the

week.

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.

GUARSEED JAN DAILY TECHNICAL CHART

CCHATECHNICALCHART

Date and Time

22/Dec/2014

STOCK: Cardamom Jan

Call: SELL

CMP: 918

Initiation Level: Around

950

Book Profit (Level 1):

890

Book Profit (Level 2):

850

Stop Loss: 1030

Conviction Level:

Moderate Risk.

Reasoning. (Read

Technical commentary).

Short term Trend:

Bullish .

Medium Term Trend:

Bearish.

For the Traders: SELL

For Aggressive Traders:

SELL

Support: 850-800

Resistance-960 - 1041

Duration:4-5 Days

Recommendation:-

On the basics of Technical

and Fundamental analysis

we are Recommending sell

Cardamom Jan on around

950 for targets of 890 – 850

with a strict a stop loss of

1030.

CARDAMOM JAN

Cardamom Jan: Prices fired previous couple of session from the low of 881, reached high

836.8. Cardamom prices traded choppy and later closed lower at 918 levels. The winter season

export and domestic demand are expected to pick up in the coming few weeks till before

Christmas. Cardamom futures slumped 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. Last few days added further to the buying atmosphere. Prices are however at strong

psychological Support level of 850 for January contract. For the week, any break above

resistance of 960 could see upward bias towards 1024 followed by 1060. 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 selling only around 950 for the week.

CARDAMOM JAN DAILY TECHINICAL CHART

CHANA (JAN) CASOTOR SEED (JAN)

DHANIYA (JAN) JEERA (JAN)

TURMERIC (APR) SYBEAN (JAN)

RM SEED (JAN) SYOIL (JAN)

•BULLISH

•SELL ON RISE

Trend

Strategy

•3450

•3340Resistance

•3110

•3020Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•5080

•4840Resistance

•4700

•4520Support

•BEARISH

•SELL ON RISE

Trend

Strategy

•13300

•12900Resistance

•12200

•11800Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•14300

•13980Resistance

•12730

•12500Support

•BULLISH

•SELL ON RISE

Trend

Strategy

•8580

•8180Resistance

•7580

•7380Support

•CONSOLIDATE

•BUY ON DEEPS

Trend

Strategy

•3450

•3360Resistance

•3240

•3080Support

•CONSOLIDATE

•BUY ON DEEPS

Trend

Strategy

•4400

•4280Resistance

•4060

•3960Support

•CONSOLIDATE

•BUY ON DEEPS

Trend

Strategy

•612

•601Resistance

•588

•579Support

TECHNICAL LEVELS

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