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-onemonth 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 wintersown 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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CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP)
DAILY AGRI COMMODITY REPORT