Daily agri report 18 aug 2014

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT 18 TH AUGUST 2014

DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC Turmeric futures fell on weak demand. The key September contract finished down 0.42 percent at 6,596 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 soy oil, soybean and rapeseed futures fell on Thursday, in line with the overseas markets where benchmark palm oil futures slipped to a five-year low. Malaysian palm oil futures slid to touch a near five-year low on Thursday, following losses in overseas soy markets, and further dragged by forecasts of abundant supply of competing oilseeds alongside an expected surge in Southeast Asian palm output. The key October soybean contract closed down 3.38 percent at 3,516 rupees per 100 kg, while the September rapeseed contract fell 2.70 percent to 3,453 rupees per 100 kg.

SOYABEAN (OCTOBER) DAILY CHART

SOYABEAN (OCTOBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1:3480, SUPPORT 2: 3400, RESISTENCE 1: 3700, RESISTENCE 2: 3750, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT

CHANA Chana, or chickpea, futures fell due to poor demand in the physical market. The September chana contract closed down 1.47 percent at 2,889 rupees per 100 kg.

CHANA (SEPTEMBER ) DAILY CHART

CHANA (SEPTEMBER ) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 2835, SUPPORT 2: 2740, RESISTENCE 1: 2980, RESISTENCE 2: 3020.

STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT

JEERA Jeera, or cumin seed, futures fell due to poor demand in the physical market. The key September contract ended down 0.62 percent at 11,240 rupees per 100 kg.

JEERA (SEPTEMBER) DAILY CHART

JEERA (SEPTEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 11160, SUPPORT 2: 10920, RESISTENCE 1: 11500, RESISTENCE 2: 11570.

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