You are on page 1of 6

05/01/2015

Date and Time


05/JAN/2015
STOCK: Soybean Feb
Call: BUY
CMP: 3481
Initiation Level:
Above 3440-3450
Book Profit (Level
1): 3590
Book Profit (Level
2): 3780
Stop Loss: 3290
Conviction Level:
Moderate Risk.

SOYBEAN FEB NCDEX


Soybean Feb NCDEX: Prices traded choppy and finally closed at higher at 3481 levels. Prices are
still strongly held the base support of 3400, but major upside views are seen only once it clears
the technical resistance of 3550 towards 3620/3780 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 3400
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. 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 buying only a
voluminous break above 3550 for the week.
buy above 3550 for the week.

Reasoning. (Read
Technical
commentary).
Short term Trend:
Bullish.
Medium Term
Trend: Bullish.
For the Traders: BUY
For Aggressive
Traders: BUY
Support: 3240-31503030
Resistance-34503700-3900
Duration:4-5 Days
Recommendation:On the basics of technical
and Fundamental
analysis we are
Recommending to buy
Sybean Feb above (34403450) with the Stop Loss
of 3290 for the target of
3580 and 3780.

SYBEAN FEB DAILY TECHNICAL CHART

Date and Time


05/Jan/2015
STOCK: Guar seed

GUARSEED FEB NCDEX


Guar seed Feb NCDEX: Prices traded with high volatility as prices continued to trade lower in

Call: BUY
CMP: 4585
Initiation Level:

past few sessions from 4961 to made low 4470 in previous session and finally closed around
4585 levels. At 4900 levels could subdued domestic demand kept trend sideways.
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

AROUND 4450
Book Profit (Level 1):
4780
Book Profit (Level 2):
5060
Stop Loss Below: 4040

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. For the week, any break above the resistance of 4950 could
see upside bias towards 5030 followed by 5260 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

Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical commentary).
Short term Trend:

prices breach the support of 4400 could turn the outlook into negative territory in the near
term.

Feb

Hence, we recommend buy on deeps around 4450 for the week.

Bearish.
Medium Term Trend:
Bearish.
For the Traders: BUY
For Aggressive
Traders: BUY
Support: 4430-42304030
Resistance-48505060-5280
Duration: 4-5 Days
Recommendation:On the basics of Technical
and fundamental analysis
we are Recommending Buy
Guar seed Feb around
4450 for the target of 4780
5060 with a strict stop
loss of 4240.
GUARSEED FEB DAILY TECHNICAL CHART
CCHATECHNICALCHART

Date and Time


05/Jan/2015

CARDAMOM JAN
Cardamom Jan: Prices fired previous couple of session dated 24 dec from the low of 916, made

STOCK: Cardamom Jan

high 1097 in past session. Cardamom prices traded choppy and later closed at lower 1018

Call: SELL
CMP: 1018
Initiation Level: Around

levels in previous day. 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

1100

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 Resistance level of 1100 for January contract. For the week, any break
below of 990 could see downward bias towards 964 followed by 920. Analysts said offloading of
positions by speculators, driven by sufficient stocks position in the spot markets on increased

Book Profit (Level 1):


1060
Book Profit (Level 2):
960
Stop Loss: Above 1140
Conviction Level:
Moderate Risk.

arrivals from producing belts, mainly pulled down cardamom prices in futures trade.
Hence, we recommend selling only around 1100 for the week.

Reasoning. (Read
Technical commentary).
Short term Trend:
Bullish.
Medium Term Trend:
Bullish.
For the Traders: SELL
For Aggressive Traders:
SELL
Support: 990-930-880
Resistance-1110 - 1161
Duration: 4-5 Days
Recommendation:On the basics of Technical
and Fundamental analysis
we are Recommending sell
Cardamom Jan on around
1100 for the target of 1060
960 with a strict stop loss
of 1150.

CARDAMOM JAN DAILY TECHINICAL CHART

TECHNICAL LEVELS

CHANA (Feb)
Trend

Strategy
Resistance

Support

BULLISH
SELL ON RISE
3850
3700
3450
3280

DHANIYA (Apr)
Trend
Strategy

BEARISH
SELL ON RISE

CASOTOR SEED (Feb)


Trend
Strategy

BULLISH
BUY ON DEEPS

Resistance

5080
4840

Support

4700
4520

JEERA (Feb)
Trend
Strategy

BULLISH
BUY ON DEEPS

Resistance

8480
8290

Resistance

17300
16480

Support

7800
7630

Support

15230
14890

TURMERIC (APR)
Trend
Strategy

BULLISH
SELL ON RISE

SYBEAN (Feb)
Trend
Strategy

CONSOLIDATE
BUY ON DEEPS

Resistance

10080
9700

Resistance

3700
3550

Support

9180
8780

Support

3400
3280

RM SEED (Apr)
Trend
Strategy

BULLISH
BUY ON DEEPS

SYOIL (Feb)
Trend
Strategy

BULLISH
BUY ON DEEPS

Resistance

3850
3680

Resistance

780
752

Support

3460
3360

Support

732
710

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.