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