CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 10 TH OCTOBER 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures traded higher on NCDEX as speculators indulged in creating fresh positions amid rising demand in the spot market. Further, restricted supplies from producing region as well as limited stocks position in the physical market also influenced the yellow spice prices.
TURMERIC (NOVEMBER) DAILY CHART
TURMERIC (NOVEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 5850, SUPPORT 2: 5740, RESISTENCE 1: 6070, RESISTENCE 2: 5950. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
SOYABEAN Soyabean futures showed a mixed trend on NCDEX as the October contracts traded lower on rising expectations of a huge US harvest, while November contracts traded up on improved demand in the spot market.
SOYABEAN (NOVEMBER) DAILY CHART
SOYABEAN (NOVEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1:2950, SUPPORT 2: 2915, RESISTENCE 1: 3004, RESISTENCE 2: 3045. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana futures traded higher on NCDEX due to possibility of weak production in the current year coupled with limited kharif pulses supplies in local mandies.. The market sources suggested that crop diversification by cultivators coupled with poor reserviour situation will reduce the chana acreage in the current year. Traders are expecting 10-15% decline in total acreage in the current year.
CHANA (NOVEMBER) DAILY CHART
CHANA (NOVEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 2870, SUPPORT 2: 2840, RESISTENCE 1: 2970, RESISTENCE 2: 3040. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
JEERA Jeera Stables On Limited Selling By Traders. Not much selling was seen in jeera futures at lower levels due to receding supplies in both domestic and international market. The NCDEX futures settled flat today. As per market sources, receding supplies of jeera in both domestic and international market will encourage stockiest buying from lower levels. Traders stated that not many arrivals have been reported in international market due to limited supplies from Syria and Turkey. This will support the domestic jeera prices in the near term as international buyers will route towards Indian market for their seasonal demand. However, domestic traders have reported comfortable stock position in local mandies.
JEERA (NOVEMBER) DAILY CHART
JEERA (NOVEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 10675, SUPPORT 2: 10520, RESISTENCE 1: 10830, RESISTENCE 2: 11110. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
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CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP)
DAILY AGRI COMMODITY REPORT