CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 27 TH AUGUST 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures ended flat though after witnessing some short-covering amid export enquiries. The key September contract closed flat at 6,506 rupees per 100 kg.
TURMERIC (SEPTEMBER) DAILY CHART
TURMERIC (SEPTEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 6300, SUPPORT 2: 6100, RESISTENCE 1: 6750, RESISTENCE 2: 6800. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
SOYABEAN Soyoil futures exhibited weakness, taking cues from overseas sentiments in rival palm oil futures, while favourable weather conditions in the soybean growing areas of central India kept buying interest away. Malaysian palm oil futures failed to hold on to earlier gains and inched down as worries of plentiful supplies of rival edible oils alongside rising palm oil production continued to pressure prices. Rapeseed futures were down on profit-taking as stockist buying interest for overseas sales for rapeseed meal eased. The key October soybean contract closed 0.8 percent lower at 3,339 rupees per 100 kg on the NCDEX, while the October rapeseed contract was down 0.03 percent at 3,600 rupees per 100 kg.
SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1:3300, SUPPORT 2: 3260, RESISTENCE 1: 3490, RESISTENCE 2: 3550, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures fell as market sentiments about output prospects improved due to higher coverage despite a weak monsoon this year. But chana futures are expected to rise in the coming sessions on hopes of a pick-up in demand ahead of festivals. The September contract closed down 0.2 percent at 2,856 rupees per 100 kg.
CHANA (SEPTEMBER) DAILY CHART
CHANA (SEPTEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 2830, SUPPORT 2: 2760, RESISTENCE 1: 2960, RESISTENCE 2: 3020. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures ended up due to the return of traders' buying interest at low levels. Fresh export inquiries are expected to support the prices in the short run. The key September contract ended up 0.6 percent at 11,150 rupees per 100 kg.
JEERA (SEPTEMBER) DAILY CHART
JEERA (SEPTEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 10850, SUPPORT 2: 10590, RESISTENCE 1: 11460, RESISTENCE 2: 11500. 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