CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 13 TH OCTOBER 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures fell on lower buying. The key November contract closed 0.03 percent lower at 6,110 rupees per 100 kg.
TURMERIC (NOVEMBER) DAILY CHART
TURMERIC (NOVEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 5950, SUPPORT 2: 5830, RESISTENCE 1: 6200, RESISTENCE 2: 6320. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
SOYABEAN Indian oilseeds and soyoil futures dropped on Friday, in line with the benchmark palm oil contract in Kuala Lumpur where prices fell to a one-week low. Higher imports of vegetable oils by India also put downward pressure on prices. India's overseas purchases of edible oil in the year starting November are set to surge to a record 13 million tonnes, as lower prices, a rising population and higher incomes boost consumption. Malaysian palm oil futures slipped to a oneweek low on Friday, shaving off some gains made earlier this week as tumbling crude prices and disappointing export data stoked fears of weaker appetite for palm. Palm typically tracks soy markets as they are both food and fuel substitutes.
SOYABEAN (NOVEMBER) DAILY CHART
SOYABEAN (NOVEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1:2940, SUPPORT 2: 2915, RESISTENCE 1: 3004, RESISTENCE 2: 3045. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures ended lower due to weak demand. The November contract ended 0.79 percent lower at 2899 rupees per 100 kg.
CHANA (NOVEMBER) DAILY CHART
CHANA (NOVEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 2870, SUPPORT 2: 2840, RESISTENCE 1: 2945, RESISTENCE 2: 2970. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures edged down as prospects of higher output brightened after good rainfall in the top producing state of Gujarat in August.
JEERA (NOVEMBER) DAILY CHART
JEERA (NOVEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 10590, SUPPORT 2: 10520, RESISTENCE 1: 10920, 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