DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
18
TH
SEPTEMBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures fell on higher carry-forward stocks and weak exports. The key October
contract closed down 1.56 percent at 6,044 rupees per 100 kg.

TURMERIC (OCTOBER) DAILY CHART


TURMERIC (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 5980,
SUPPORT 2: 5850,
RESISTENCE 1: 6170,
RESISTENCE 2: 6370.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian soyoil futures rose on Wednesday on a pick-up in local demand while firm cues from
Malaysian palm oil futures aided the upside although soybean and rapeseed futures ended
weak on profit-taking after previous gains. Malaysian palm oil futures rose to a more-than-one-
month high on Wednesday, reversing intraday losses caused by a bout of technical correction,
as hopes of stronger exports provided support.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1:3240,
SUPPORT 2: 3140,
RESISTENCE 1: 3370,
RESISTENCE 2: 3480.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures ended weak on profit-taking on hopes of higher sowing in the
winter season though festival demand is seen supporting prices in the next trading session. The
October contract closed 0.87 percent lower at 2,842 rupees per 100 kg. Chickpea is a winter-
sown crop for which sowing starts in October and harvesting is done in March.

CHANA (OCTOBER) DAILY CHART


CHANA (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 2830,
SUPPORT 2: 2780,
RESISTENCE 1: 2890,
RESISTENCE 2: 2950.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures slipped on hopes of higher sowing in the upcoming season due to
good rainfall in top producing Gujarat state. The key October contract closed 0.32 percent
down at 10,875 rupees per 100 kg.

JEERA (OCTOBER) DAILY CHART


JEERA (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 10675
SUPPORT 2: 10530,
RESISTENCE 1: 10940,
RESISTENCE 2: 11100.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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