CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 19 TH AUGUST 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP
TURMERIC Turmeric futures fell on sluggish exports, though stocking up ahead of festivals and delay in sowing are seen supporting prices in the next session. Delay in monsoon rains pushed back turmeric sowing in the top cultivating areas raising concerns about yields. The key September contract finished down 0.79 percent at 6,544 rupees per 100 kg.
TURMERIC (SEPTEMBER) DAILY CHART
TURMERIC (SEPTEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 6450, SUPPORT 2: 6310, RESISTENCE 1: 6670, RESISTENCE 2: 6780. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
SOYABEAN Indian oilseeds and soyoil futures fell on Monday, tracking weak Malaysian palm oil, while a recovery in the area under cultivation due to recent rains also added to the fall. * Malaysian palm oil was flat on Monday, as traders waited for clearer signs on whether prices would weaken further after hitting the lowest in nearly five years last week in their biggest weekly drop for 18 months. The key October soybean contract closed down 2.13 percent at 3,441 rupees per 100 kg, while the September rapeseed contract fell 1.56 percent to 3,399 rupees per 100 kg.
SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1:3350, SUPPORT 2: 3260, RESISTENCE 1: 3490, RESISTENCE 2: 3550, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures rose on a pickup in local demand ahead of festivals amid limited local supply. The September chana contract closed up 0.69 percent at 2,909 rupees per 100 kg.
CHANA (SEPTEMBER ) DAILY CHART
CHANA (SEPTEMBER ) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 2878, SUPPORT 2: 2835, RESISTENCE 1: 2960, RESISTENCE 2: 3020. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures fell due to slack demand in the spot market though some fresh export inquiries limited the downside. The key September contract ended down 0.40 percent at 11,195 rupees per 100 kg.
JEERA (SEPTEMBER) DAILY CHART
JEERA (SEPTEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 11100, SUPPORT 2: 10920, RESISTENCE 1: 11350, RESISTENCE 2: 11450. 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