CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 25 TH SEPTEMBER 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures ended down on a correction as rains are still alive in some growing areas of south India. The key October contract closed down 0.2 percent at 5,934 rupees per 100 kg.
TURMERIC (OCTOBER) DAILY CHART
TURMERIC (OCTOBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 5740, SUPPORT 2: 5600, RESISTENCE 1: 6030, RESISTENCE 2: 6170. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
SOYABEAN Indian soyoil futures witnessed short-covering for the second straight session, taking cue from rival palm oil futures. Malaysian palm oil futures rose, fuelled by optimism that robust export demand amid easing palm output in September would help cut a rise in stocks in the world's second-largest grower.
SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1:3010, SUPPORT 2: 2900, RESISTENCE 1: 3110, RESISTENCE 2: 3170. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures ended down on profit-taking after discounting the news of retreat of the monsoon from the western region. On Tuesday, weather officials said the monsoon rains started withdrawing. The October contract closed 0.9 percent down at 2,774 rupees per 100 kg.
CHANA (OCTOBER) DAILY CHART
CHANA (OCTOBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 2740, SUPPORT 2: 2695, RESISTENCE 1: 2830, RESISTENCE 2: 2870. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures ended down, taking cue from high inventories in spots. The key October contract closed down 1.4 percent at 10,490 rupees per 100 kg. 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. However, domestic traders have reported comfortable stock position in local mandies. The total stocks in local mandies were almost double of the previous year's level of 30 lakh bags due to record production in the last season.
JEERA (OCTOBER) DAILY CHART
JEERA (OCTOBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 10380, SUPPORT 2: 10300, RESISTENCE 1: 10705, RESISTENCE 2: 10940. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do Company not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Use of this report in no way constitutes a client/advisor relationship, all information we communicate to you (the subscriber) either through our Web site or other forms of communications, are purely for informational purposes only. We recommend seeking individual investment advice before making any investment, for you are assuming sole liability for your investments. Capital Stars will in no way have discretionary authority over your trading or investment accounts. All rights reserved.
CONTACT US MOB: +91 92000 99927 PHONE: +91 731 6662200 Email: info@capitalstars.com
CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP)
DAILY AGRI COMMODITY REPORT