CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 05 TH SEPTEMBER 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures dropped on hopes of higher production due to good rainfall in key growing areas. The key September contract closed 0.8 percent lower at 6,480 rupees per 100 kg.
TURMERIC (SEPTEMBER) DAILY CHART
TURMERIC (SEPTEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 6300, SUPPORT 2: 6100, RESISTENCE 1: 6670, RESISTENCE 2: 6750. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
SOYABEAN Indian soybean futures fell on Thursday, hovering near their lowest level in a year hit in the previous session, due to subdued export demand for soymeal and on a stronger rupee, while soyoil rose following gains in rival Malaysian palm oil. India's soymeal exports in August fell to 2,778 tonnes compared with 183,965 tonnes a year ago, the Soybean Processors Association of India said in a statement. A stronger rupee makes edible oil imports cheaper and trims returns of oilmeal exporters. The rupee rose on Thursday. The September rapeseed contract finished down 0.14 percent at 3,578 rupees per 100 kg.
SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1:3150, SUPPORT 2: 3100, RESISTENCE 1: 3312, RESISTENCE 2: 3370, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Heavy selling was seen in chana futures on the account of recovery in kharif pulses sowing along with strong stock position in local mandies. The NCDEX futures declined by 2.69 % today.
CHANA (SEPTEMBER) DAILY CHART
CHANA (SEPTEMBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 2680, SUPPORT 2: 2650, RESISTENCE 1: 2830, RESISTENCE 2: 2870. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures ended steady as an improvement in demand offset good rainfall in the top producing Gujarat state. The key September contract ended up 0.09 percent at 10,945 rupees per 100 kg.
JEERA (SEPTEMBER) DAILY CHART
JEERA (SEPTEMBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 10750, SUPPORT 2: 10590, RESISTENCE 1: 10980, RESISTENCE 2: 11230. 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