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06/02/2015
SOYBEAN APR DAILY TECHNICAL CHART
Date and Time
06/FEB/2015
STOCK: Soybean Apr
Call: SELL
CMP: 3455
Initiation Level:
Around 3480
Book Profit (Level
1): 3430
Book Profit (Level
2): 3380
Stop Loss: Above
3550
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: 3380-3336-
3260
Resistance-3480-
3490-3530
Duration: 4-5 Days
Recommendation:-
On the basics of technical
and Fundamental
analysis we are
Recommending to sell on
rise Soybean Apr around
3480 with the Stop Loss
of 3580 for the target of
3290 and 3200.
SOYBEAN APR NCDEX
Soybean Apr NCDEX: Soybean prices slipped in previous couple of session from the high of
3531 dated 04 February 2015 and made low of 3425 level in previous day and finally closed
lower at 3455 level in previous session, besides, the decrease in OI may keep profit booking for
the next couple of days, as prices cleared the down trend line support of 3350 for the strong
downside rallies to 3280 followed by 3210 or even lower to 3180 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 3480 could see downside bias towards 3430 followed
by 3380 for the day.
Date and Time
06/Feb/2015
STOCK: Guar seed
Mar
Call: BUY
CMP: 4120
Initiation Level:
AROUND 3960
Book Profit (Level 1):
4080
Book Profit (Level 2):
4200
Stop Loss Below: 3880
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: 4040-3960-
3870
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 4200
–4360 with a strict stop
loss of 3880.
GUARSEED MAR NCDEX
Guar seed Mar NCDEX: Prices failed to recover from the resistance of 4306 levels dated 04
February 2015 in March contract made a low of 4083 levels in previous session as weak
domestic and International markets demand and high stocks and bearishness in mandi kept
pressure on the domestic market sentiments and finally closed at lower 4120 levels in previous
day. As prices clear the upper trend line resistance of 4360 levels for the strong upside rallies
to 4410 followed by 4550 or even higher to 4680 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 3960 could see upward bias
towards 4080 followed by 4200 for the day.
GUARSEED MAR DAILY TECHNICAL CHART
Date and Time
06/Feb/2015
STOCK: Cardamom Feb
Call: SELL
CMP: 1078
Initiation Level: Around
1110
Book Profit (Level 1):
1075
Book Profit (Level 2):
1035
Stop Loss: Above 1140
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: 1020-990-960
Resistance-1090 - 1120
Duration: 4-5 Days
Recommendation:-
On the basics of Technical
and Fundamental analysis
we are Recommending sell
on rise Cardamom Feb
around 1060 for the target
of 1025 – 980 with a strict
stop loss of above 1110.
CARDAMOM FEB
Cardamom Feb: Prices in the MCX contract witnessed continuation of one week fall as
expectation of fresh arrivals in major mandis upset the bullish mood. Prices rebounded
firmly from the support of 1027.20 levels, made high 1085 levels in previous day and finally
closed at higher 1078 levels as pick up domestic market demand keep trend up on limited
period. Average price that the spice fetched amounted to Rs.900 a kg compared to Rs.582 a
kg a year ago. According to Spices Board estimated export small cardamom during April-
September 2014 was 1305 tonnes, 11 per cent down compared same period last year.
Cardamom futures are expected to remain weak on strong arrivals and any upside is not
sustainable considering the present scenario 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 1020 could see downward bias towards 980 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 1110 could see downside bias towards 1075
followed by 1035 for the day.
CARDAMOM FEB DAILY TECHINICAL CHART
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to
be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion.
Users have the right to choose the product/s that suits them the most. Sincere efforts have been
made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment
advice for a specific individual. The information and views in this website & all the services we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the
product/s that suits them the most.
*Investment is subject to market risks.
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
not vouch for the accuracy or the completeness thereof. This material is for personal information
and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for
any financial profits or loss which may arise from the recommendations above.

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Daily agri commodity newslatter 6 2-2015

  • 2. SOYBEAN APR DAILY TECHNICAL CHART Date and Time 06/FEB/2015 STOCK: Soybean Apr Call: SELL CMP: 3455 Initiation Level: Around 3480 Book Profit (Level 1): 3430 Book Profit (Level 2): 3380 Stop Loss: Above 3550 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: 3380-3336- 3260 Resistance-3480- 3490-3530 Duration: 4-5 Days Recommendation:- On the basics of technical and Fundamental analysis we are Recommending to sell on rise Soybean Apr around 3480 with the Stop Loss of 3580 for the target of 3290 and 3200. SOYBEAN APR NCDEX Soybean Apr NCDEX: Soybean prices slipped in previous couple of session from the high of 3531 dated 04 February 2015 and made low of 3425 level in previous day and finally closed lower at 3455 level in previous session, besides, the decrease in OI may keep profit booking for the next couple of days, as prices cleared the down trend line support of 3350 for the strong downside rallies to 3280 followed by 3210 or even lower to 3180 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 3480 could see downside bias towards 3430 followed by 3380 for the day.
  • 3. Date and Time 06/Feb/2015 STOCK: Guar seed Mar Call: BUY CMP: 4120 Initiation Level: AROUND 3960 Book Profit (Level 1): 4080 Book Profit (Level 2): 4200 Stop Loss Below: 3880 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: 4040-3960- 3870 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 4200 –4360 with a strict stop loss of 3880. GUARSEED MAR NCDEX Guar seed Mar NCDEX: Prices failed to recover from the resistance of 4306 levels dated 04 February 2015 in March contract made a low of 4083 levels in previous session as weak domestic and International markets demand and high stocks and bearishness in mandi kept pressure on the domestic market sentiments and finally closed at lower 4120 levels in previous day. As prices clear the upper trend line resistance of 4360 levels for the strong upside rallies to 4410 followed by 4550 or even higher to 4680 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 3960 could see upward bias towards 4080 followed by 4200 for the day. GUARSEED MAR DAILY TECHNICAL CHART
  • 4. Date and Time 06/Feb/2015 STOCK: Cardamom Feb Call: SELL CMP: 1078 Initiation Level: Around 1110 Book Profit (Level 1): 1075 Book Profit (Level 2): 1035 Stop Loss: Above 1140 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: 1020-990-960 Resistance-1090 - 1120 Duration: 4-5 Days Recommendation:- On the basics of Technical and Fundamental analysis we are Recommending sell on rise Cardamom Feb around 1060 for the target of 1025 – 980 with a strict stop loss of above 1110. CARDAMOM FEB Cardamom Feb: Prices in the MCX contract witnessed continuation of one week fall as expectation of fresh arrivals in major mandis upset the bullish mood. Prices rebounded firmly from the support of 1027.20 levels, made high 1085 levels in previous day and finally closed at higher 1078 levels as pick up domestic market demand keep trend up on limited period. Average price that the spice fetched amounted to Rs.900 a kg compared to Rs.582 a kg a year ago. According to Spices Board estimated export small cardamom during April- September 2014 was 1305 tonnes, 11 per cent down compared same period last year. Cardamom futures are expected to remain weak on strong arrivals and any upside is not sustainable considering the present scenario 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 1020 could see downward bias towards 980 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 1110 could see downside bias towards 1075 followed by 1035 for the day. CARDAMOM FEB DAILY TECHINICAL CHART
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