Daily commodity report

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT 22 ND APRIL 2014

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AGRI WRAP TURMERIC Turmeric futures surged on exports inquiries and a slight drop in supply. The key May contract finished up 3.1 percent at 6,838 rupees per 100 kg.

TURMERIC (MAY) DAILY CHART

TURMERIC (MAY) TECHNICAL VIEW: TREND: BULLISH SUPPORT 1: 6810, SUPPORT 2: 6600, RESISTENCE 1: 7050, RESISTENCE 2: 7320.

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SOYABEAN Indian soyoil futures edged higher on Monday following gains in overseas palm oil prices and as the rupee eased, while soybean futures rose on dwindling supplies in local spot markets. A weaker rupee makes edible oil imports expensive. The local currency hit a one-month low on Monday and posted its worst single-day fall since March 20. Malaysian palm oil futures ended higher after two days of losses, as investors pinned hopes for an increase in demand ahead of a major Muslim festival.

SOYABEAN (MAY) DAILY CHART

SOYABEAN (MAY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1:4345, SUPPORT 2: 4285, RESISTENCE 1: 4476, RESISTENCE 2: 4500.

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CHANA Indian chana, or chickpea, futures fell on rising supplies from the new season crop in top producing Madhya Pradesh state. The May chana contract dropped 1.81 percent to 3,087 rupees per 100 kg.

CHANA (MAY) DAILY CHART

CHANA (MAY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 3040, SUPPORT 2: 2975, RESISTENCE 1: 3210, RESISTENCE 2: 3260.

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JEERA Indian jeera, or cumin seed, futures rose on fresh buying as a drop in arrivals pushed up spot prices. Traders expect a short term correction before prices rise with a pick-up in export demand.

JEERA (MAY) DAILY CHART .

JEERA (MAY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 9800, SUPPORT 2: 9600, RESISTENCE 1: 10325, RESISTENCE 2: 10450.

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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 Phone: 0731-6662200 E-mail: info@capitalstars.com

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