DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
11
TH
SEPTEMBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures slipped due to sluggish local and export demand. The key October contract
closed 0.22 percent lower at 6,358 rupees per 100 kg.

TURMERIC (OCTOBER) DAILY CHART


TURMERIC (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 6270,
SUPPORT 2: 6164,
RESISTENCE 1: 6500,
RESISTENCE 2: 6820.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian soyoil and soybean futures fell on Wednesday, dragged down by weak export demand
for soymeal and tracking losses in U.S. soybean and Malaysian palm oil futures. Malaysian palm
oil futures inched lower on Wednesday, following losses in crude and vegetable oil markets
overseas with investors bracing for forecasts of bigger global oilseed supplies, although a surge
in palm export curbed losses. The key October soybean contract on the National Commodity &
Derivatives Exchange closed 0.89 percent lower at 3,129 rupees per 100 kg.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1:3080,
SUPPORT 2: 2950,
RESISTENCE 1: 3280,
RESISTENCE 2: 3370,
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures fell on hopes of bumper production from the winter-sown crop due
to good rainfall in the top producing state of Madhya Pradesh. The October contract closed
1.02 percent higher at 2,824 rupees per 100 kg.

CHANA (OCTOBER) DAILY CHART


CHANA (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 2815,
SUPPORT 2: 2745,
RESISTENCE 1: 2870,
RESISTENCE 2: 2950.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures ended weak as an improvement in demand offset prospects of
higher output due to good rainfall in the top producing Gujarat state. The key October contract
closed 0.96 percent lower at 10,850 rupees per 100 kg.

JEERA (OCTOBER) DAILY CHART


JEERA (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 10750
SUPPORT 2: 10675,
RESISTENCE 1: 11100,
RESISTENCE 2: 11340.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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