CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 28 TH AUGUST 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures ended lower as rains in the leading producing state of Tamil Nadu boosted production prospects. The key September contract closed 0.7 percent down at 6,462 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 Indian soyoil futures traded up, taking cues from the early trend in rival palm oil futures in Malaysia where the benchmark palm contract hit a near one-month high, lifted by improved sentiment about global demand for U.S. soybean. Favourable weather conditions in soybeangrowing areas of central India kept fresh buying interest away. Rapeseed ended down on profittaking as stockists' buying interest for overseas sales for rapeseed meal vanished.
SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1:3250, SUPPORT 2: 3200, RESISTENCE 1: 3490, RESISTENCE 2: 3550, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures fell on profit-taking as production prospects improved with the monsoon rains. The September contract closed down 1.0 percent at 2,826 rupees per 100 kg.
CHANA (SEPTEMBER) DAILY CHART
CHANA (SEPTEMBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 2760, SUPPORT 2: 2650, RESISTENCE 1: 2900, RESISTENCE 2: 3020. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures ended up on buying interest at low levels. The key September contract ended up 0.3 percent at 11,185 rupees per 100 kg.
JEERA (SEPTEMBER) DAILY CHART
JEERA (SEPTEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 10970, SUPPORT 2: 10850, RESISTENCE 1: 11230, RESISTENCE 2: 11460. 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