DAILY AGRI MARKET REPORT & LEVELS FOR -27 JAN 2015

NCDEX Turmeric April futures traded on a negative note on Friday . Turmeric spice easied by -4.00% to 8164 level on Friday (5.00pm) at NCDEX .Fall in rates persisted for Turmeric as higher arrivals in the mandis from the on-going harvesting kept pressure on the market sentiments. However with demand likely to rise in coming weeks,it could support the falling rates to some extent.
CS TURMERIC LEVELS FOR TODAY
TREND  BEARISH                                          STRATEGY: SELL ON RISE
RESIST 2:8585 || RESIST 1:8400                    SUP1:8130 || SUP2:8040  

NCDEX Soyabean February futures eased by by -0.57%in the last trading to close at 3340 level till Friday closing.Rains in North-West and Central Indian and bearishness in International markets kept trend down for Soybean even as good demand in domestic markets persisted. Higher projections forglobal production could however keep a tap on the rising rates.
CS SOYABEAN LEVEL FOR TODAY
TREND  MIXED TO BEARISH                         STRATEGY: SELL ON RISE
RESIST 2:3370 || RESIST 1:3350                     SUP1:3320 || SUP2:3305
 

Chana futures traded on a positive note on incresed demand on Friday.Chana January contract gained 0.30% to 3304 levels on Friday(5.00PM). Prices recovered from the lower levels on improved demand. The recent rains in some parts of Rajasthan had pressurized prices as that was considered beneficial for the standing crop. Any further rains incoming days there could again pressurize prices to some extent. However, lower sowing reports and expectations of a pick up in demand at the lower levels are likely to support the prices in coming weeks
CS CHANA LEVEL FOR TODAY                        
TREND  BEARISH                                        STRATEGY: SELL ON RISE
RESIST 2:3345 || RESIST 1:3315                  SUP1:3260 || SUP2:3230

NCDEX Dhaniya April futures surged up by 3.32% in the last trading to close at 7970 level on Friday.Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market. Dhaniya is common in South Asian Middle Eastern Central Asian Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.
CS DHANIYA LEVELS FOR TODAY
TREND   MIXED TO BULLISH                        STRATEGY: BUY ON DIPS
RESIST 2:8320|| RESIST 1: 8190                    SUP1:7920|| SUP2:7780