27/01/2015

SOYBEAN FEB DAILY TECHNICAL CHART

Date and Time

27/JAN/2015

STOCK: Soybean Feb

Call: SELL

CMP: 3335

Initiation Level:

Around 3400

Book Profit (Level

1): 3390

Book Profit (Level

2): 3150

Stop Loss: Above

3480

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: 3300-3246-

3130

Resistance-3400-

3480-3550

Duration: 4-5 Days

Recommendation:-

On the basics of technical

and Fundamental

analysis we are

Recommending to sell on

rise Soybean Feb around

3400 with the Stop Loss

of 3510 for the target of

3280 and 3130.

SOYBEAN FEB NCDEX

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

3562 dated 29 dec 2014 and made low of 3320 level dated 23 January 2015 and finally closed

lower at 3335 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 3260 followed by 3153 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 3400 could see downside bias towards 3290 followed

by 3150 for the coming weeks.

Date and Time

27/Jan/2015

STOCK: Guar seed

Feb

Call: BUY

CMP: 4267

Initiation Level:

AROUND 4230

Book Profit (Level 1):

4280

Book Profit (Level 2):

4380

Stop Loss Below: 4060

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 Feb around

4230 for the target of 4380

–4560 with a strict stop

loss of 4060.

GUARSEED FEB NCDEX

Guar seed Feb NCDEX: Prices rebounded firmly from the support of 4076 levels on dated 14

January 2015, made high of 4410 levels in dated 19 January 2015 and finally closed at lower

4267 levels as improve domestic market demand keep trend up. 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. 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 psychological support of 4000 could turn the outlook into negative

territory in the near term. We recommend buy on deeps around 4230 could see upward bias

towards 4380 followed by 4440 for the week.

GUARSEED FEB DAILY TECHNICAL CHART

Date and Time

27/Jan/2015

STOCK: Cardamom Feb

Call: SELL

CMP: 1033.30

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: 1000-960-910

Resistance-1080 - 1111

Duration: 4-5 Days

Recommendation:-

On the basics of Technical

and Fundamental analysis

we are Recommending sell

on rise Cardamom Feb

around 1070 for the target

of 1010 – 960 with a strict

stop loss of above 1110.

CARDAMOM FEB

Cardamom Feb: Prices failed to recover from 1128 levels dated 19 January 2015 Cardamom

February contract as weak domestic market demand high stocks and bearishness in

International markets kept pressure on the domestic market sentiments and finally closed at

lower 1033.30 levels in previous week. 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 1000 could see

downward bias towards 960 followed by 932. 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 (feb) CASOTOR SEED (feb)

DHANIYA (apr) JEERA (feb)

TURMERIC (apr) SYBEAN (feb)

RM SEED (apr) SYOIL (feb)

•BEARISH

•SELL ON RISE

Trend

Strategy

•3530

•3380Resistance

•3230

•3300Support

•BEARISH

•SELL ON RISE

Trend

Strategy

•4520

•4350Resistance

•4130

•3970Support

•BEARISH

•SELL ON RISE

Trend

Strategy

•8480

•8310Resistance

•7580

•7380Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•16800

•16280Resistance

•15200

•14900Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•8780

•8550Resistance

•8050

•7740Support

•BEARISH

•BUY ON DEEPS

Trend

Strategy

•3500

•3380Resistance

•3260

•3130Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•3520

•3450Resistance

•3360

•3240Support

•BULLISH

•BUY ON DEEPS

Trend

Strategy

•646

•637Resistance

•616

•603Support

TECHNICAL LEVELS

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